NOT LISTED FOR SALE

1305 Merry Loop Milpitas, CA 95035

Estimated Value: $1,353,203 - $1,434,000

3 Beds
3.5 Baths
1,861 Sq Ft
$741/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $1,016,888 $546 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $9,049/month

16 Days on Market

Highlights

  • Open to Family Room
  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • Mabel Mattos Elementary School Rated A
  • Combination Dining and Living Room
  • 2-minute walk to Bob McGuire Park

About This Home

As of October 2019

Welcome to this exclusive town home in the prime location of Milpitas. Corner unit with abundant nature sunlight. The first floor offers a bonus Den/Office overlooking the green belt park, with a side by side two car garage with ample storage. Upstairs, you will find our open floor plan kitchen, modern style quartz counter tops and tile back splash. The entertainment room has prewiring for cable, home-networking, security camera, and surround sound speaker. The third floor touts spacious master bedroom with an expansive shower room and welcoming walk-in closet. The property also includes hot water recirculation system, stainless steel appliances, and dual zone HVAC. Adjacent beautiful Bob McGuire Park offers tennis courts, playground and BBQ areas for the whole family to enjoy. Easy access to freeway and mins away to major high-tech employers. Walking distance to Great Mall, BART station and light rail. Don't miss this perfect home as a career-focused family thriving in Silicon Valley.

Last Agent to Sell the Property

William Pan

Green Valley Realty USA License #01491446 Listed on: 09/10/2019

Green Valley Realty USA

Co-Listed By

Gigi Zhang

Green Valley Realty USA License #02080633

Last Buyer's Agent

Robert Yu

RE/MAX Real Estate Services License #01022567

RE/MAX Real Estate Services

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $13,509

Year Built

  • Built in 2015

Lot Details

  • 1,241

HOA Fees

  • $303 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,861 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Open to Family Room

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • 1,241 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • Association fees include landscaping / gardening, maintenance - common area, management fee, roof
  • Palazzo Owner Association
  • Built by Palazzo At Montague Villages
  • The community has rules related to parking rules

Listing and Financial Details

  • Assessor Parcel Number 086-85-094

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$13,509

Year Built

Built in 2015

Lot Details

0

HOA Fees

$303 per month

Parking

2

Listing Details

  • Subclass: Townhouse
  • Restrictions: Age - No Restrictions, Parking Restrictions
  • Age: 4
  • Listing Class: Residential
  • Structure Sq Ft: 1861
  • Complex Name: Palazzo At Montague Villages
  • Year Built: 2015
  • Zoning Description: M2S
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area in Living Room, No Formal Dining Room
  • Living Sq Ft: 1861
  • Stories: 3
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Ceiling Fan, Central AC
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 303
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Landscaping / Gardening, Maintenance - Common Area, Management Fee, Roof
  • H O A Name Text: Palazzo Owner Association
  • H O A Exist: Yes

Schools

  • School District: Milpitas Unified

Lot Info

  • Parcel Number: 086-85-094
  • Lot Acres: 0.0285
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1240.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1240.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Milpitas Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2019
Closed on
Oct 24, 2019
Sold by
Chou Yu Kai and Cheng Yi Chun
Bought by
Zeng Xuming and Wang Yu Ming
Seller's Agent
William Pan
Green Valley Realty USA
Buyer's Agent
Robert Yu
RE/MAX Real Estate Services
List Price
$998,000
Sold Price
$1,016,888
Premium/Discount to List
$18,888
1.89%
Current Estimated Value
$1,379,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,913
Avg. Annual Appreciation
5.65%
Original Mortgage
$610,133
Outstanding Balance
$540,360
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$852,096

Purchase Details

Closed on
Jun 30, 2016
Sold by
Kb Home South Bay Inc
Bought by
Chou Yu Kai and Cheng Yi Chun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,000
Interest Rate
3.48%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Zeng Xuming $1,017,000 First American Title Company
Chou Yu Kai $916,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeng Xuming $610,133
Previous Owner Chou Yu Kai $625,000
Previous Owner Chou Yu Kau $199,000
Previous Owner Chou Yu Kai $625,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $1,016,888 +1.9% $546 / Sq Ft
09/26/2019 09/26/19 Pending -- -- --
09/10/2019 09/10/19 For Sale $998,000 -- $536 / 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
2024 $13,509 $1,090,306 $545,106 $545,200
2023 $13,445 $1,068,928 $534,418 $534,510
2022 $13,347 $1,047,970 $523,940 $524,030
2021 $13,129 $1,027,422 $513,667 $513,755
2020 $12,899 $1,016,888 $508,400 $508,488
2019 $12,137 $953,239 $476,607 $476,632
2018 $11,529 $934,549 $467,262 $467,287
2017 $11,374 $916,225 $458,100 $458,125
2016 $1,418 $111,173 $111,173 $0
Source: Public Records

Agents Affiliated with this Home

  • William Pan

    Seller's Agent in 2019

    William Pan

    Green Valley Realty USA

    (408) 823-2321

    3 in this area

    107 Total Sales

    William Pan
    Section Image

  • G

    Seller Co-Listing Agent in 2019

    Gigi Zhang

    Green Valley Realty USA

    Section Image

  • R

    Buyer's Agent in 2019

    Robert Yu

    RE/MAX

    Section Image
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Map

Source: MLSListings

MLS Number: ML81768172

MLSListings

APN: 086-85-094

California Santa Clara County Milpitas 95035

1305 Merry Loop, Milpitas, CA

This home is located at 1305 Merry Loop, Milpitas, CA 95035 since 10 September 2019 and is currently estimated at $1,379,801, approximately $741 per square foot. This property was built in 2015. 1305 Merry Loop is a home located in Santa Clara County with nearby schools including Mabel Mattos Elementary School, Alexander Rose Elementary School, and Rancho Milpitas Middle School.

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