NOT LISTED FOR SALE

1359 Mercado Way San Jose, CA 95131

Estimated Value: $1,206,000 - $1,384,000

3 Beds
2.5 Baths
1,671 Sq Ft
$770/Sq Ft Est. Value

Last Sold September 07, 2021

Last sale price $1,240,000 $742 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,505/month

4 Days on Market

Highlights

  • Solid Surface Bathroom Countertops
  • Bonus Room
  • Balcony
  • Vinci Park Elementary School Rated A-
  • Den
  • Open to Family Room

About This Home

As of September 2021

*Open-viewed newer townhome with attached large 2 cars side by side garage next to two future parks, groceries and shops. *Separate family room on the ground floor can be used as an office. Open concept living room on the 2nd floor connects to the dining area, large kitchen, powder room and a charming covered balcony. *New upgrades including easy-care laminated flooring throughout, recessed lighting in all rooms, and painted garage floor. *Spacious kitchen features a gourmet gas oven range, Energy Star stainless steel appliances, and many cabinets for storage. Master suite has a large walk-in closet, large stall shower and a double sink vanity. *Only steps away from the newly opened Market Park San Jose Retail Plaza with Safeway and CVS, and two proposed community parks. Walking to Berryessa BART station, golf course, Townsend Park. Easy access to many high tech employers including future Apple, Google, and Amazon new San Jose campus. Attending rated 8 Vinci Park Elementary.

Last Agent to Sell the Property

Sophie Shen

SV Capital Group Inc. License #01837259 Listed on: 07/29/2021

Last Buyer's Agent

Regina Liu

BQ Realty License #02093572

BQ Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $17,910

Year Built

  • 2014

Lot Details

  • 610

HOA Fees

  • $220 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,671 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Dining Area
  • Den
  • Bonus Room
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Tile Countertops
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Solid Surface Bathroom Countertops
  • Dual Sinks
  • Bathtub with Shower
  • Walk-in Shower

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Balcony
  • 610 Sq Ft Lot

Community Details

Overview

  • Association fees include exterior painting, insurance - common area, maintenance - common area
  • Market Place HOA

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$17,910

Year Built

2014

Lot Details

0

HOA Fees

$220 per month

Parking

2

Listing Details

  • Zoning: M1
  • Subclass: Townhouse
  • Age: 7
  • Listing Class: Residential
  • Structure Sq Ft: 1671
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 2014

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area
  • Kitchen: Cooktop - Gas, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven - Gas, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1671
  • Stories: 3
  • Security: Fire Alarm
  • Bedrooms: Walk-In Closet
  • Laundry: Washer / Dryer
  • Flooring: Laminate, Vinyl / Linoleum
  • Additional Rooms: Bonus / Hobby Room, Den / Study / Office
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Shower And Tub, Shower Over Tub - 1, Solid Surface, Stall Shower

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio

Garage/Parking

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

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 220
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Exterior Painting, Insurance - Common Area, Maintenance - Common Area
  • HOA Exist: Yes
  • H O A Name Text: Market Place HOA

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: East Side Union High
  • Elementary School: Vinci Park Elementary
  • Elementary School: 40

Lot Info

  • Lot Acres: 0.0140
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 611.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 611.00

Green Features

  • Energy Features: Double Pane Windows, Energy Star Appliances, Thermostat Controller

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Aug 25, 2021
Sold by
Dharmalingam Kumaravel and Nagaraj Prabha
Bought by
Zheng Min and Yan Yutong
Seller's Agent
Sophie Shen
SV Capital Group Inc.
Buyer's Agent
Regina Liu
BQ Realty
List Price
$1,098,000
Sold Price
$1,240,000
Premium/Discount to List
$142,000
12.93%
Current Estimated Value
$1,286,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,195
Avg. Annual Appreciation
0.58%
Original Mortgage
$992,000
Outstanding Balance
$895,355
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$373,778
Source: Public Records

Range of Values:

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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
Zheng Min $1,240,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Min $992,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2021 09/07/21 Sold $1,240,000 +12.9% $742 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $1,098,000 -- $657 / 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 $17,910 $1,315,896 $657,948 $657,948
2024 $17,910 $1,275,000 $637,500 $637,500
2023 $15,287 $1,065,000 $532,500 $532,500
2022 $17,727 $1,240,000 $620,000 $620,000
2021 $11,453 $802,618 $410,817 $391,801
2020 $11,101 $794,389 $406,605 $387,784
2019 $10,681 $778,814 $398,633 $380,181
2018 $10,537 $763,544 $390,817 $372,727
2017 $10,613 $748,573 $383,154 $365,419
2016 $10,110 $733,896 $375,642 $358,254
2015 $2,042 $81,469 $81,469 $0
Source: Public Records

Agents Affiliated with this Home

  • Sophie Shen

    Seller's Agent in 2021

    Sophie Shen

    SV Capital Group Inc.

    (408) 799-2558

    353 Total Sales

    Sophie Shen
    Section Image

  • R

    Buyer's Agent in 2021

    Regina Liu

    BQ Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81855895

MLSListings

APN: 241-45-054

California Santa Clara County San Jose 95131

1359 Mercado Way, San Jose, CA

This home is located at 1359 Mercado Way, San Jose, CA 95131 since 29 July 2021 and is currently estimated at $1,286,195, approximately $769 per square foot. This property was built in 2014. 1359 Mercado Way is a home located in Santa Clara County with nearby schools including Vinci Park Elementary School, Morrill Middle School, and Independence High School.

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