$860,000
SOLD DEC 9, 2017

1483 Mercado Way San Jose, CA 95131

2 Beds
2 Baths
1,171 Sq Ft
436 Sq Ft Lot

Recently Sold

$734 Per Sq Ft

8% Above List Price

1 Day on Market

Highlights

  • Wood Flooring
  • Modern Architecture
  • Walk-In Closet
  • Vinci Park Elementary School Rated A-
  • Tandem Parking
  • Bathtub with Shower

About This Home

As of August 2023

Perfect two bedroom condominium built in 2014 for sale. Bright and open. TWO STORIED with attached garage. Well upgraded flooring, kitchen counter, blinds, lighting.Appliances included.Walking distance to BART station and other public transport.

Last Agent to Sell the Property

Jayashree S. Mishra

Intero Real Estate Services License #01505298 Listed on: 11/13/2017

Intero Real Estate Services

Last Buyer's Agent

The Hanna Group

Intero Real Estate Services License #70010080

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,599

Year Built

  • Built in 2014

Parking

  • 2 Car Garage
  • Tandem Parking
  • Off-Street Parking

Home Design

  • Modern Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,171 Sq Ft Home
  • 2-Story Property
  • Dining Room
  • Wood Flooring

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer

Utilities

  • Forced Air Heating and Cooling System
  • Space Heater

Community Details

  • Property has a Home Owners Association
  • Association fees include common area electricity, common area gas, exterior painting, insurance, insurance - common area, insurance - structure
  • 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

Parking

2

Listing Details

  • Subclass: Condominium
  • Style: Modern / High Tech
  • Age: 3
  • Listing Class: Residential
  • 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: No Formal Dining Room
  • Kitchen: Cooktop - Gas, Microwave, Oven - Built-In, Pantry, Refrigerator
  • Living Sq Ft: 1171
  • Stories: 2
  • Bedrooms: Walk-in Closet
  • Laundry: Dryer, Gas Hookup, Inside
  • Flooring: Hardwood
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Showers over Tubs - 2+

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Walk-in Closet

Condo/Co-op/Association

  • HOA Fees: 189
  • Association Fees Include: Common Area Electricity, Common Area Gas, Exterior Painting, Insurance, Insurance - Common Area, Insurance - Structure
  • H O A Name Text: Market Place Condo Owners Association
  • H O A Exist: Yes

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: 241-44-057
  • Lot Acres: 0.0100
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 435.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 435.00

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
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
-0.12%
Original Mortgage
$275,000
Outstanding Balance
$255,527
Interest Rate
6.24%
Mortgage Type
New Conventional
Estimated Equity
$717,291

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

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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 $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

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

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Map

Source: MLSListings

MLS Number: ML81684421

MLSListings

APN: 241-44-057