$1,063,000
SOLD OCT 16, 2024

1431 Mercado Way San Jose, CA 95131

2 Beds
2 Baths
1,371 Sq Ft
$221/mo HOA Fee

Recently Sold

$775 Per Sq Ft

7% Above List Price

5 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Balcony
  • Vinci Park Elementary School Rated A-
  • Quartz Countertops
  • Walk-In Closet

About This Home

As of October 2024

This 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!

Last Agent to Sell the Property

Ella Sun

Compass License #01877209 Listed on: 09/19/2024

Compass

Last Buyer's Agent

William Pan

Green Valley Realty License #01491446

Green Valley Realty

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

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,249

Year Built

Built in 2014

Lot Details

0

HOA Fees

$221 per month

Parking

2

Listing Details

  • Subclass: Townhouse
  • Property Condition: Built / Remodeled Green
  • Age: 10
  • Listing Class: Residential
  • Structure Sq Ft: 1371
  • Year Built: 2014
  • Zoning Description: M1
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: No Family Room
  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: Cooktop - Gas, Countertop - Quartz, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven - Built-In, Pantry, Refrigerator
  • Living Sq Ft: 1371
  • Stories: 1
  • Bedrooms: Walk-in Closet
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Tile, Wood
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Oversized Tub, Primary - Stall Shower(s), Shower over Tub - 1, Tile, Updated Bath

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 221
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Exterior Painting, Insurance - Common Area, Maintenance - Common Area, Reserves, Roof
  • H O A Name Text: Market Place Condominium Owners' Asso.
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-in Closet

Schools

  • School District: East Side Union High

Lot Info

  • Parcel Number: 241-44-042

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 3
  • Minimum Building Height: 3

MLS Schools

  • High School District Text: East Side Union High

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
$1,066,122

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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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 $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

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Map

Source: MLSListings

MLS Number: ML81980264

MLSListings

APN: 241-44-042