NOT LISTED FOR SALE

1483 Mercado Way San Jose, CA 95131

Estimated Value: $884,000 - $1,014,273

2 Beds
2 Baths
1,171 Sq Ft
$221/mo HOA Fee

Last Sold August 18, 2023

Last sale price $975,000 $833 Per Sq Ft

Current estimated payment $6,742/month

6 Days on Market

Highlights

  • Wood Flooring
  • Modern Architecture
  • Quartz Countertops
  • Vinci Park Elementary School Rated A-
  • Park or Greenbelt View
  • Double Pane Windows

About This Home

As of August 2023

Welcome to this Gorgeous Bright and Sunny Condo. Recent facelift of the entire property completed in 2023 with all new exterior paint. Low homeowner association fees and an abundance of street parking. Step inside to discover the nicely updated interior with hardwood flooring, fresh paint, Ecobee smart thermostat, Sunlight cascades through the windows, illuminating every corner of this magnificent east-facing property. Upcoming 3.5-acre public park situated just across the street. Estimated completion date is Spring 2024 (construction due to start in Aug 2023), according to the esteemed SJ Parks and Recreation department, this park promises endless opportunities for outdoor recreation and leisure. Short commute to most tech companies in Santa Clara (Intel, NVIDIA, Broadcom, ServiceNow etc.) with easy access to 101N, within 5 miles of SJC. Highly rated elementary school (Vinci) within 2 miles of private school Challenger.

Last Agent to Sell the Property

Laxmi Penupothula

Redfin License #02047105 Listed on: 07/18/2023

Redfin

Last Buyer's Agent

Jeremy Naval

Compass License #02015946

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,599

Year Built

  • Built in 2014

Lot Details

  • East Facing Home

HOA Fees

  • $221 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Electric Vehicle Home Charger
  • Tandem Parking

Home Design

  • Modern Architecture
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,171 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Combination Dining and Living Room
  • Wood Flooring
  • Park or Greenbelt Views
  • Laundry in unit

Kitchen

  • <<builtInOvenToken>>
  • Gas Cooktop
  • Range Hood
  • <<microwave>>
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Dual Flush Toilets
  • <<tubWithShowerToken>>
  • Bathtub Includes Tile Surround

Utilities

  • Forced Air Heating and Cooling System
  • Space Heater

Community Details

  • Association fees include common area electricity, common area gas, exterior painting, insurance, insurance - common area, insurance - structure, landscaping / gardening, maintenance - common area, maintenance - exterior, management fee, reserves, roof
  • Market Place Condo Owners Association

Listing and Financial Details

  • Assessor Parcel Number 241-44-057

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,599

Year Built

Built in 2014

Lot Details

0

HOA Fees

$221 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Style: Modern / High Tech
  • Age: 9
  • Listing Class: Residential
  • Max Numberof Unitsin Building: 3
  • Structure Sq Ft: 1171
  • Year Built: 2014
  • Zoning Description: M1
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area in Living Room
  • Kitchen: Cooktop - Gas, Countertop - Quartz, Dishwasher, Hood Over Range, Microwave, Oven Range - Built-In, Pantry, Refrigerator
  • Living Sq Ft: 1171
  • Stories: 2
  • Bedrooms: Walk-in Closet
  • Laundry: Inside
  • Flooring: Hardwood
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Dual Flush Toilet, Showers over Tubs - 2+, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle
  • View: Park
  • Property Faces: East
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Tandem Parking
  • Electric Vehicle Hookup Type: Electric Vehicle Hookup Level 1 (120 volts)

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 221
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Common Area Gas, Exterior Painting, Insurance, Insurance - Common Area, Insurance - Structure, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Reserves, Roof
  • H O A Name Text: Market Place Condo Owners Association
  • H O A Exist: Yes

Schools

  • School District: East Side Union High
  • Middle School: Morrill Middle
  • High School: Independence High
  • High School: 246
  • Middle School: 32

Lot Info

  • Parcel Number: 241-44-057

Green Features

  • Energy Features: Double Pane Windows, Energy Star Appliances

Multi Family

  • Utilities: Public Utilities
  • Unit Features: Unit Faces Street

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2023
Closed on
Aug 9, 2023
Sold by
Deshpande Hegde Revocable Trust
Bought by
Ma William
Seller's Agent
Laxmi Penupothula
Redfin
Buyer's Agent
Jeremy Naval
Compass
List Price
$898,888
Sold Price
$975,000
Premium/Discount to List
$76,112
8.47%
Views
27
Current Estimated Value
$972,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,182
Avg. Annual Appreciation
0.98%
Original Mortgage
$275,000
Outstanding Balance
$255,527
Interest Rate
6.24%
Mortgage Type
New Conventional
Estimated Equity
$737,943

Purchase Details

Listed on
Nov 13, 2017
Closed on
Dec 1, 2017
Sold by
Panda Debasish and Sahu Swapna
Bought by
Hegde Prajakta S and Deshpande Girish Ramanand
Seller's Agent
Jayashree S. Mishra
Intero Real Estate Services
Buyer's Agent
The Hanna Group
Intero Real Estate Services
List Price
$799,000
Sold Price
$860,000
Premium/Discount to List
$61,000
7.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.23%
Original Mortgage
$600,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 30, 2015
Closed on
Aug 19, 2015
Sold by
Chen Hsiaochun
Bought by
Panda Debasish and Sahu Swapna
Seller's Agent
William Pan
Green Valley Realty USA
Buyer's Agent
Jayashree S. Mishra
SV Realty
List Price
$649,500
Sold Price
$660,000
Premium/Discount to List
$10,500
1.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.31%
Original Mortgage
$593,340
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2014
Sold by
Kb Home South Bay Inc
Bought by
Chen Hsiaochun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,637
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ma William $975,000 Fidelity National Title Compan
Hegde Prajakta S $860,000 Orange Coast Title Co Of Nor
Panda Debasish $660,000 First American Title Company
Chen Hsiaochun $572,500 First American Title Co Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ma William $275,000
Previous Owner Hegde Prajakta S $600,000
Previous Owner Panda Debasish $560,000
Previous Owner Panda Debasish $593,340
Previous Owner Chen Hsiaochun $457,637
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2023 08/18/23 Sold $975,000 +8.5% $833 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $898,888 +4.5% $768 / Sq Ft
12/09/2017 12/09/17 Sold $860,000 +7.6% $734 / Sq Ft
11/14/2017 11/14/17 Pending -- -- --
11/13/2017 11/13/17 For Sale $799,000 +21.1% $682 / Sq Ft
08/28/2015 08/28/15 Sold $660,000 +1.6% $564 / Sq Ft
08/10/2015 08/10/15 Pending -- -- --
07/30/2015 07/30/15 For Sale $649,500 -- $555 / 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 $13,599 $975,000 $487,500 $487,500
2023 $12,740 $905,000 $452,500 $452,500
2022 $13,053 $922,092 $461,046 $461,046
2021 $11,853 $841,000 $420,500 $420,500
2020 $12,272 $894,744 $447,372 $447,372
2019 $11,806 $877,200 $438,600 $438,600
2018 $11,734 $860,000 $430,000 $430,000
2017 $9,649 $673,200 $336,600 $336,600
2016 $9,272 $660,000 $330,000 $330,000
2015 $8,101 $572,046 $286,000 $286,046
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Laxmi Penupothula

    Redfin

    Section Image
  • Jeremy Naval

    Buyer's Agent in 2023

    Jeremy Naval

    Compass

    (415) 509-8848

    37 Total Sales

    Jeremy Naval
    Section Image

  • J

    Seller's Agent in 2017

    Jayashree S. Mishra

    Intero Real Estate Services

    Section Image

  • T

    Buyer's Agent in 2017

    The Hanna Group

    Intero Real Estate Services

    Section Image
  • William Pan

    Seller's Agent in 2015

    William Pan

    Green Valley Realty USA

    (408) 823-2321

    108 Total Sales

    William Pan
    Section Image
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Map

Source: MLSListings

MLS Number: ML81934510

MLSListings

APN: 241-44-057

California Santa Clara County San Jose 95131

1483 Mercado Way, San Jose, CA

This home is located at 1483 Mercado Way, San Jose, CA 95131 since 18 July 2023 and is currently estimated at $972,818, approximately $830 per square foot. This property was built in 2014. 1483 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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