154 S 33RD ST., SAN JOSE
2446463 San Jose REO or Bank Owned Home   South 33rd

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Status: Sold
ML Number: 80903799
Parcel Number: 481-16-013
ZIP: 95116
Area: 4 Alum Rock
City: San Jose
City Limits: False
County: SANTA CLARA COUNTY
Thomas Br Map: pg. 834 (F4)
Cross Street: E San Fernando
Unincorporated: False
Beds: 2
Baths: 2
Stories: 1
Class: Single Family Residential
Type: Detached Single Family
List Price: $237,900
Original Price: $244,900
List Date: 1/23/2009
DOM: 53
CDOM: 53
Lot Size (Acres): 0.123
Lot Size: 5360.00 SF
SqFt (source): 924 (Assessor)
Age: 84
Year Built: 1925
Zoning: R18
School District: San Jose Unified

Remark:

This was quite an interesting home. Much like other homes in the area there have been a number of modifications with out permits. This is very problematic when using an FHA loan for the purchase of the property. In this case the buyer was attempting to use the City of San Jose First Time Home Buyer Program the Welcome Home Program. Unfortunately the Welcome Home Program has tough requirements regarding properties and a number of low priced REO’s may not qualify.

We were fortunate enough to negotiate a low price of $237,000 with 3% back for buyers Non Reoccuring Closing Costs. After we had property inspections and there was about $7,000 of Section one we negotiated another $7,000 off the purchase price. We closed in a month and a half for $230,000.

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