1431 Mercado Way San Jose, CA 95131
2
Beds
2
Baths
1,371
Sq Ft
$221/mo
HOA Fee
Highlights
- Wood Flooring
- High Ceiling
- Balcony
- Vinci Park Elementary School Rated A-
- Quartz Countertops
- Walk-In Closet
About This Home
As of October 2024This modern, top single level unit, built in 2014 by the reputable KB Homes, offers exceptional privacy and convenience with no neighboring building at the front and ample street parking. All bedrooms, the kitchen, and the living room are on the same level, featuring an open floorplan and a dining area that overlooks a beautiful park. High ceilings with recessed lights enhance the spacious feel. This home has been meticulously cared for and includes numerous upgrades. The kitchen boasts custom cabinets, quartz countertops, stainless steel appliances, pendant lights over the breakfast bar, and a spacious pantry. Walls of windows flood the space with abundant natural light.Located in a newer, well developed community, this home is across the street from a new park and within walking distance to Safeway Market Plaza. It's also close to Costco, 99 Ranch, various dining and shopping plazas, San Jose Golf Course, Berryessa BART Station, light rail, and VTA stations. With easy access to Highways 680 and 880 and low HOA fees, this home offers both convenience and comfort. Dont miss the opportunity to make it your own!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $10,249
Year Built
- Built in 2014
HOA Fees
- $221 Monthly HOA Fees
Parking
- 2 Car Garage
- Off-Street Parking
Home Design
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,371 Sq Ft Home
- 1-Story Property
- High Ceiling
- Dining Area
Kitchen
- Breakfast Bar
- Built-In Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Quartz Countertops
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- Remodeled Bathroom
- 2 Full Bathrooms
- Dual Sinks
- Bathtub with Shower
- Bathtub Includes Tile Surround
- Walk-in Shower
Laundry
- Laundry in unit
- Washer and Dryer
Outdoor Features
- Balcony
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
Community Details
- Association fees include exterior painting, insurance - common area, maintenance - common area, reserves, roof
- Market Place Condominium Owners' Asso. Association
Listing and Financial Details
- Assessor Parcel Number 241-44-042
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 19, 2024
Closed on
Oct 15, 2024
Sold by
Liu Ying
Bought by
Shen Qiang and Chai Yaping
Seller's Agent
Ella Sun
Compass
Buyer's Agent
William Pan
Green Valley Realty
List Price
$998,000
Sold Price
$1,063,000
Premium/Discount to List
$65,000
6.51%
Total Days on Market
5
Views
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,122
Avg. Annual Appreciation
0.46%
Original Mortgage
$563,000
Outstanding Balance
$559,814
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$506,308
Purchase Details
Closed on
Jul 3, 2014
Sold by
Kb Home South Bay Inc
Bought by
Liu Ying
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Similar Homes in San Jose, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,063,000 | Chicago Title Company | |
| Grant Deed | $601,000 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $563,000 | New Conventional | |
| Previous Owner | $413,000 | New Conventional | |
| Previous Owner | $417,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/16/2024 10/16/24 | Sold | $1,063,000 | +6.5% | $775 / Sq Ft |
| 09/24/2024 09/24/24 | Pending | -- | -- | -- |
| 09/19/2024 09/19/24 | For Sale | $998,000 | -- | $728 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $10,249 | $707,583 | $353,716 | $353,867 |
| 2023 | $10,075 | $693,710 | $346,781 | $346,929 |
| 2022 | $10,036 | $680,109 | $339,982 | $340,127 |
| 2021 | $9,723 | $666,774 | $333,316 | $333,458 |
| 2020 | $9,416 | $659,938 | $329,899 | $330,039 |
| 2019 | $9,058 | $646,999 | $323,431 | $323,568 |
| 2018 | $8,934 | $634,314 | $317,090 | $317,224 |
| 2017 | $8,992 | $621,877 | $310,873 | $311,004 |
| 2016 | $8,642 | $609,684 | $304,778 | $304,906 |
| 2015 | $8,547 | $600,527 | $300,200 | $300,327 |
Source: Public Records
Agents Affiliated with this Home
-
Ella Sun
Seller's Agent in 2024
Ella Sun
Compass
(408) 807-2318
122 Total Sales
-
William Pan
Buyer's Agent in 2024
William Pan
Green Valley Realty
(408) 823-2321
107 Total Sales
Map
Source: MLSListings
MLS Number: ML81980264
APN: 241-44-042
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