NOT LISTED FOR SALE

1387 Mercado Way San Jose, CA 95131

Estimated Value: $984,000 - $1,077,159

2 Beds
2 Baths
1,371 Sq Ft
$220/mo HOA Fee

Last Sold August 07, 2023

Last sale price $995,000 $726 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,847/month

3 Days on Market

Highlights

  • High Ceiling
  • Stone Countertops
  • 2 Car Attached Garage
  • Vinci Park Elementary School Rated A-
  • Open to Family Room
  • Double Pane Windows

About This Home

As of August 2023

You will definitely be captivated by this exquisite 2 bedrooms 2 bathrooms 1,371 sq ft condo with ideal & convenience location. The 9 years new condo combines both luxury & comfort feels like a model home. Seller is original 1st owner built by KB Home. Totally had spent over $57,000 on the upgrades. Eat-in kitchen is a chefs delight, featuring breakfast bar, & stunning Caesar stone counters with all high-ended stainless steel kitchen appliances. The chateau dusk color laminated wood flooring in living & dining & kitchen area add charm and sophistication, while the abundance of upgraded ceiling recessed lights thru out the whole condo create a cozy atmosphere. Master bedroom suite has a large walk-in closet, dual sink and a glass closure shower. Separate laundry closet room with washer and dryer in living area. No need to run down to garage for laundry. Attached 2 car side-by-side garage adds convenience over a tandem type of garage. This condo is designed to cheer your every need.

Last Agent to Sell the Property

Andy Lam

Andy Just Sold, Inc. License #01317783 Listed on: 06/28/2023

Last Buyer's Agent

Long Chen

Keller Williams Thrive License #02158623

Keller Williams Thrive

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,762

Year Built

  • Built in 2014

Lot Details

  • 436

HOA Fees

  • $220 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,371 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Double Pane Windows
  • Combination Dining and Living Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Stone Countertops In Bathroom
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • Southeast Facing Home
  • Forced Air Heating and Cooling System

Community Details

  • Association fees include landscaping / gardening, roof
  • First Service Association
  • Built by Market Place Owner Association

Listing and Financial Details

  • Assessor Parcel Number 241-45-058

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,762

Year Built

Built in 2014

Lot Details

0

HOA Fees

$220 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Age: 9
  • Listing Class: Residential
  • Structure Sq Ft: 1371
  • Complex Name: Market Place Owner Association
  • Incorporated: Yes
  • Year Built: 2014
  • Zoning Description: M1
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Breakfast Bar, Dining Area, Dining Area in Living Room
  • Kitchen: Cooktop - Gas, Countertop - Stone, Dishwasher, Garbage Disposal, Island with Sink, Microwave, Oven - Gas, Pantry, Refrigerator
  • Living Sq Ft: 1371
  • Stories: 3
  • Bedrooms: Walk-in Closet
  • Laundry: Dryer, Inside, Washer
  • Flooring: Carpet, Laminate, Tile
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Primary - Stall Shower(s), Shower over Tub - 1, Stone, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Property Faces: Southeast

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 220
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Landscaping / Gardening, Roof
  • H O A Name Text: First Service
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-in Closet

Schools

  • School District: East Side Union High
  • Elementary School: Vinci Park Elementary
  • Middle School: Morrill Middle
  • High School: Independence High
  • High School: 246
  • Elementary School: 40
  • Middle School: 32

Lot Info

  • Parcel Number: 241-45-058

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: East Side Union High
  • Elementary School Text: Vinci Park Elementary
  • High School Text: Independence High
  • Middle School Text: Morrill Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Jul 10, 2023
Sold by
Jen Ping Liong Living Trust
Bought by
Lyu Yiwei
Seller's Agent
Andy Lam
Andy Just Sold, Inc.
Buyer's Agent
Long Chen
Keller Williams Thrive
List Price
$899,950
Sold Price
$995,000
Premium/Discount to List
$95,050
10.56%
Views
174
Current Estimated Value
$1,037,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,790
Avg. Annual Appreciation
1.81%
Original Mortgage
$600,000
Outstanding Balance
$585,968
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$447,903

Purchase Details

Closed on
Sep 13, 2020
Sold by
Liong Jen P and Jen Ping Liong Living Trust
Bought by
Liong Jen Ping and The Jen Ping Liong Living Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2020
Sold by
Liong Jen Ping and The Jen Ping Liong Living Trus
Bought by
Liong Jen P and Jen Ping Liong Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2015
Sold by
Kb Home South Bay Inc
Bought by
Liong Jen Ping
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
Lyu Yiwei $995,000 Chicago Title
Liong Jen Ping -- Chicago Title Company
Liong Jen P -- Chicago Title Company
Liong Jen Ping $662,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lyu Yiwei $600,000
Previous Owner Liong Jen P $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2023 08/07/23 Sold $995,000 +10.6% $726 / Sq Ft
07/02/2023 07/02/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $899,950 -- $656 / 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 $13,762 $1,014,900 $507,450 $507,450
2024 $13,762 $995,000 $497,500 $497,500
2023 $9,688 $669,996 $334,998 $334,998
2022 $9,648 $656,860 $328,430 $328,430
2021 $9,344 $643,982 $321,991 $321,991
2020 $9,046 $637,380 $318,690 $318,690
2019 $8,700 $624,884 $312,442 $312,442
2018 $8,578 $612,632 $306,316 $306,316
2017 $8,631 $600,620 $300,310 $300,310
2016 $8,295 $588,844 $294,422 $294,422
2015 $2,057 $81,470 $81,470 $0
Source: Public Records

Agents Affiliated with this Home

  • Andy Lam

    Seller's Agent in 2023

    Andy Lam

    Andy Just Sold, Inc.

    (408) 218-2513

    8 Total Sales

    Andy Lam
    Section Image
  • Long Chen

    Buyer's Agent in 2023

    Long Chen

    Keller Williams Thrive

    (650) 776-3312

    11 Total Sales

    Long Chen
    Section Image
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Map

Source: MLSListings

MLS Number: ML81933339

MLSListings

APN: 241-45-058

California Santa Clara County San Jose 95131

1387 Mercado Way, San Jose, CA

This home is located at 1387 Mercado Way, San Jose, CA 95131 since 28 June 2023 and is currently estimated at $1,037,790, approximately $756 per square foot. This property was built in 2014. 1387 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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