Prime investment opportunity to redevelop an approximately .44 acre parcel. Recently entitled for 8 single family homes in the College Park neighborhood of San Jose. Plans for each dwelling are for 4 bedrooms with 3.5 or 4 bathrooms.
* Possible plan of up to 13 dwelling units (city approved density of 30 units/acre).
* No low-income fee.
* Flat rectangle lot with utilities on site.
* CEQA is cleared; no remediation requirements; all other conditions have been cleared with City; straightforward project.
* Located in the college park area with easy access to numerous amenities.
* 4 minutes walk distance to Bellarmine College Preparatory, Bay Area best boys private high school.
* 15 minutes walk distance to Google proposed 80 acres campus
Sold for $3,580,000
$3,580,000
972 Elm St, San Jose, CA 95126
--beds
--baths
0.44Acres
Residential Development Land, Unimproved Land
Built in ----
0.44 Acres Lot
$3,071,400 Zestimate®
$--/sqft
$2,737 Estimated rent
Home value
$3,071,400
$2.46M - $3.72M
$2,737/mo
Zestimate® history
Owner options
List your home for rent
$2,737/mo
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$2,737/mo
Rent Zestimate®
Refinance and save
$23,083/mo
Est. payment
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$23,083/mo
Est. payment
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List your homeWhat's special
Utilities on siteFlat rectangle lot
Zillow last checked:
Listing updated:
Listed by:
Wei Liu 01919034 650-823-1861,
Sunrise Value Investments 650-823-1861
Bought with:
Jerry Zang, 01702597
Coldwell Banker Realty
Source: MLSListings Inc,MLS#: ML81989620
Facts & features
Property
Features
- Fencing: Partial
Lot
- Size: 0.44 Acres
Details
- Additional structures: Residence
- Parcel number: 23041025
- Zoning: R2
- Special conditions: NewSubdivision
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Utilities for property: Public Utilities
Community & HOA
Location
- Region: San Jose
Financial & listing details
- Tax assessed value: $2,581,000
- Annual tax amount: $32,719
- Date on market: 1/7/2025
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2025 | Sold | $3,580,000-7.7% |
Source:  MLSListings Inc #ML81989620 Report a problem | ||
| 3/11/2025 | Pending sale | $3,880,000 |
Source: MLSListings Inc #ML81989620 Report a problem | ||
| 3/7/2025 | Contingent | $3,880,000 |
Source: MLSListings Inc #ML81989620 Report a problem | ||
| 1/23/2025 | Price change | $3,880,000+387999900% |
Source: MLSListings Inc #ML81989620 Report a problem | ||
| 1/7/2025 | Listed for sale | $1-100% |
Source: MLSListings Inc #ML81989620 Report a problem | ||
| 5/7/2020 | Listing removed | $3,478 |
Source: Fireside Property Management Report a problem | ||
| 4/25/2020 | Listed for rent | $3,478 |
Source: Fireside Property Management Report a problem | ||
| 2/20/2020 | Sold | $2,360,000-9.2% |
Source:  Bay East AOR #40866026 Report a problem | ||
| 9/17/2019 | Price change | $2,600,000-3.7% |
Source: Excel Realty #40866026 Report a problem | ||
| 7/9/2019 | Price change | $2,700,000-10% |
Source: Excel Realty #40866026 Report a problem | ||
| 5/16/2019 | Listed for sale | $3,000,000 |
Source: Excel Realty #40866026 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $32,719 +6.8% | $2,581,000 +2% |
| 2024 | $30,622 +1.7% | $2,530,393 +2% |
| 2023 | $30,118 +0.9% | $2,480,778 +2% |
| 2022 | $29,861 +1.7% | $2,432,136 +2% |
| 2021 | $29,357 +1059.2% | $2,384,448 +2045.3% |
| 2020 | $2,532 | $111,147 +2% |
| 2019 | $2,532 +5.3% | $108,968 +2% |
| 2018 | $2,404 | $106,832 +2% |
| 2017 | $2,404 +1.5% | $104,738 +2% |
| 2016 | $2,368 +7.7% | $102,685 +1.5% |
| 2015 | $2,200 +23.3% | $101,143 +2% |
| 2014 | $1,784 | $99,163 +0.5% |
| 2013 | -- | $98,716 +2% |
| 2012 | -- | $96,781 +2% |
| 2011 | -- | $94,884 +0.8% |
| 2010 | -- | $94,176 -0.2% |
| 2009 | -- | $94,401 +2% |
| 2008 | -- | $92,551 +2% |
| 2007 | -- | $90,737 +2% |
| 2006 | -- | $88,959 +2% |
| 2005 | -- | $87,216 +2% |
| 2004 | -- | $85,507 +1.9% |
| 2003 | -- | $83,940 +2% |
| 2002 | -- | $82,295 +2% |
| 2001 | -- | $80,683 |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 5/10Merritt Trace Elementary SchoolGrades: K-5Distance: 1 mi
- 4/10Herbert Hoover Middle SchoolGrades: 6-8Distance: 0.9 mi
- 7/10Abraham Lincoln High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: SanJoseUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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