NOT LISTED FOR SALE

1061 Wallace Dr San Jose, CA 95120

Sunrise Almaden Neighborhood

Estimated Value: $1,673,000 - $1,941,000

3 Beds
2 Baths
1,423 Sq Ft
$1,249/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $1,426,000 $1,002 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $10,935/month

Highlights

  • Mountain View
  • Wood Flooring
  • Fireplace
  • Simonds Elementary School Rated A-
  • Breakfast Area or Nook
  • 2 Car Attached Garage

About This Home

As of July 2021

" Excellent LOT Newly Remodeled 3 Bedroom, 2 Full Bath Single Family in Heart of Silicon Valley, best home during WFM or after to enjoy serenity of backyard with Peaceful Patio with Family and Friends Home has Several Features including Central Heat , Hardwood Floors , DP Windows, Recessed Lights , Kitchen w/ Tile flooring, Refrigerator, Range/Oven, Dishwasher, Microwave & Garbage Disposal. Close to Shopping, Dining, Recreation & Public Transportation. Minutes to Almaden Mall Close to all High Tech Companies, Netflix, Apple, Roku, Google, Ebay, Cisco, Intel etc.., Easy Access to Highways 17/280/101/85 - Tenant Responsible For Utilities - No Smoking - Renter's Insurance Required"

Last Agent to Rent the Property

Anand Vipparthy

RealEstatePro License #01798080 Listed on: 06/29/2021

Last Renter's Agent

Anand Vipparthy

RealEstatePro License #01798080 Listed on: 06/29/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,593

Year Built

  • 1962

Lot Details

  • 6,251 Sq Ft Lot
  • Grass Covered Lot
  • Back Yard

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Interior Spaces

  • 1,423 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Double Pane Windows
  • Separate Family Room
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $4,250
  • Property Available on 6/29/21
  • 12-Month Lease Term

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,593

Year Built

1962

Lot Details

0

Parking

2

Rental Info

  • Available: 06/29/2021
  • Lease Terms: Deposit Required
  • Maximum Lease Months: 12
  • Minimum Lease Months: 12
  • Security Deposit: 4250

Listing Details

  • Subclass: House For Rent
  • Listing Class: Residential Lease/Rental
  • Structure Sq Ft: 1423
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1962

Interior Features

  • Family Room: Separate Family Room
  • Dining Room: Breakfast Nook, Eat In Kitchen
  • Kitchen: Cooktop - Electric, Dishwasher, Oven - Electric, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1423
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Hardwood, Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • View: Mountains
  • Yard/Grounds: Back Yard, Low Maintenance

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Cooling System: Central Forced Air - Gas
  • Heating System: Central Forced Air - Gas

Schools

  • High School: 346

Lot Info

  • Lot Acres: 0.1435
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6250.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6250.00

Green Features

  • Energy Features: Double Pane Windows

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2022
Sold by
Babu Ippili Sharat
Bought by
Ippili Sharat Babu and Potnuru Archana
Current Estimated Value
$1,777,107

Purchase Details

Listed on
Feb 26, 2021
Closed on
Mar 31, 2021
Sold by
Potnuru Archana
Bought by
Ippili Sharat Babu
Seller's Agent
Jing Ma
Compass
Buyer's Agent
Anand Vipparthy
RealEstatePro
List Price
$1,229,000
Sold Price
$1,426,000
Premium/Discount to List
$197,000
16.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$100,000
Interest Rate
3.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 26, 2021
Closed on
Mar 26, 2021
Sold by
Liu Xiao and Wen Yu
Bought by
Ippili Sharat Babu
Seller's Agent
Jing Ma
Compass
Buyer's Agent
Anand Vipparthy
RealEstatePro
List Price
$1,229,000
Sold Price
$1,426,000
Premium/Discount to List
$197,000
16.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 30, 2015
Closed on
Aug 29, 2015
Sold by
Lan Leonard J
Bought by
Liu Xiao and Wen Yu
Seller's Agent
Cecilia Ho
Goodview Financial & Real Estate
Buyer's Agent
Jing Maa
Century 21 MM
List Price
$950,000
Sold Price
$1,000,000
Premium/Discount to List
$50,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.57%
Original Mortgage
$440,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2000
Sold by
Piercey Lawrence E and Piercey April M
Bought by
Lan Leonard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.26%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ippili Sharat Babu $1,426,000 None Listed On Document
Ippili Sharat Babu -- Chicago Title Company
Ippili Sharat Babu $1,426,000 Chicago Title Company
Liu Xiao $1,000,000 Wfg National Title Ins Co
Lan Leonard J $442,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ippili Sharat Babu $100,000
Previous Owner Ippili Sharat Babu $100,000
Previous Owner Ippili Sharat Babu $1,140,800
Previous Owner Liu Xiao $440,000
Previous Owner Lan Leonard J $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2021 07/28/21 Rented $4,250 0.0% --
07/26/2021 07/26/21 Under Contract -- -- --
06/29/2021 06/29/21 For Rent $4,250 0.0% --
04/01/2021 04/01/21 Sold $1,426,000 +16.0% $996 / Sq Ft View Prior Sale
03/08/2021 03/08/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $1,229,000 +22.9% $858 / Sq Ft
09/03/2015 09/03/15 Sold $1,000,000 +5.3% $703 / Sq Ft View Prior Sale
08/12/2015 08/12/15 Pending -- -- --
07/30/2015 07/30/15 For Sale $950,000 -- $668 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,593 $1,543,546 $1,234,837 $308,709
2024 $19,593 $1,513,281 $1,210,625 $302,656
2023 $19,236 $1,483,610 $1,186,888 $296,722
2022 $19,053 $1,454,520 $1,163,616 $290,904
2021 $14,143 $1,093,645 $820,234 $273,411
2020 $13,835 $1,082,432 $811,824 $270,608
2019 $13,545 $1,061,208 $795,906 $265,302
2018 $13,416 $1,040,400 $780,300 $260,100
2017 $13,311 $1,020,000 $765,000 $255,000
2016 $13,107 $1,000,000 $750,000 $250,000
2015 $7,884 $565,240 $310,883 $254,357
2014 $7,438 $554,169 $304,794 $249,375
Source: Public Records

Agents Affiliated with this Home

  • Jing Ma

    Seller's Agent in 2021

    Jing Ma

    Compass

    (510) 673-2017

    2 in this area

    37 Total Sales

    Jing Ma
    Section Image
  • Anand Vipparthy

    Landlord's Agent in 2021

    Anand Vipparthy

    RealEstatePro

    (408) 890-7479

    2 in this area

    43 Total Sales

    Anand Vipparthy
    Section Image

  • C

    Seller's Agent in 2015

    Cecilia Ho

    Goodview Financial & Real Estate

    (408) 439-7889

    11 Total Sales

    Cecilia Ho
    Section Image

  • J

    Buyer's Agent in 2015

    Jing Maa

    Century 21 MM

    Section Image
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Map

Source: MLSListings

MLS Number: ML81851206

MLSListings

APN: 696-21-022

California Santa Clara County San Jose 95120 Sunrise Almaden

1061 Wallace Dr, San Jose, CA

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