1483 Mercado Way San Jose, CA 95131
2
Beds
2
Baths
1,171
Sq Ft
$221/mo
HOA Fee
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 2023Welcome 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
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
- Built-In Oven
- 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
- Bathtub with Shower
- 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
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
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
0.42%
Original Mortgage
$275,000
Outstanding Balance
$255,527
Interest Rate
6.24%
Mortgage Type
New Conventional
Estimated Equity
$727,477
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
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 | $975,000 | Fidelity National Title Compan | |
| Grant Deed | $860,000 | Orange Coast Title Co Of Nor | |
| Grant Deed | $660,000 | First American Title Company | |
| Grant Deed | $572,500 | First American Title Co Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $275,000 | New Conventional | |
| Previous Owner | $600,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $560,000 | New Conventional | |
| Previous Owner | $593,340 | New Conventional | |
| Previous Owner | $457,637 | Adjustable Rate Mortgage/ARM |
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
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
-
Jeremy Naval
Buyer's Agent in 2023
Jeremy Naval
Compass
(415) 509-8848
36 Total Sales
-
J
Seller's Agent in 2017
Jayashree S. Mishra
Intero Real Estate Services
-
T
Buyer's Agent in 2017
The Hanna Group
Intero Real Estate Services
-
William Pan
Seller's Agent in 2015
William Pan
Green Valley Realty USA
(408) 823-2321
108 Total Sales
Map
Source: MLSListings
MLS Number: ML81934510
APN: 241-44-057
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