NOT LISTED FOR SALE

1491 Mercado Way San Jose, CA 95131

Estimated Value: $990,000 - $1,196,000

2 Beds
2 Baths
1,371 Sq Ft
436 Sq Ft Lot

Last Sold February 19, 2019

Last sale price $865,000 $631 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,665/month

62 Days on Market

Highlights

  • Primary Bedroom Suite
  • Contemporary Architecture
  • Quartz Countertops
  • Vinci Park Elementary School Rated A-
  • High Ceiling
  • Balcony

About This Home

As of February 2019

Gorgeous Home - 4 Years NEW! *Attached 2-car Side by Side Garage *Directly across from upcoming beautiful park and Safeway shopping center *Wonderful features include high ceilings, recessed lighting throughout, Nest thermostat, double pane windows, and so much more! *Gourmet kitchen w/ Quartz countertops, breakfast bar for up to 4 or 5 people, double sinks, stainless steel appliances, and cabinet drawers with soft closing and pull outs *Quick Stroll to Upcoming Berryessa BART station *Short Drive to Ranch 99, Costco, H-Mart, Sprouts, Starbucks, Townsend Park & Golf Course *Easy Access to Future Google, Amazon and Apple campuses in North San Jose. Whatever your lifestyle, this distinctive community and ideal location lets you create a life uniquely you, and this particular townhouse will have you living the good life for years to come. WELCOME TO YOUR NEW HOME!

Last Agent to Sell the Property

Alana Lam

Intero Real Estate Services License #01049403 Listed on: 11/15/2018

Intero Real Estate Services

Last Buyer's Agent

Alana Lam

Intero Real Estate Services License #01049403 Listed on: 11/15/2018

Intero Real Estate Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,047

Year Built

  • Built in 2014

Lot Details

  • 436

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,371 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Double Pane Windows
  • Dining Area
  • Attic Fan
  • Laundry on upper level

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat

Community Details

  • Property has a Home Owners Association
  • Association fees include exterior painting, landscaping / gardening, maintenance - common area, maintenance - exterior, roof
  • Market Place Condominium Association

Listing and Financial Details

  • Assessor Parcel Number 241-44-058

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,047

Year Built

Built in 2014

Lot Details

0

Parking

2

Listing Details

  • Subclass: Condominium
  • Style: Contemporary
  • Age: 4
  • Listing Class: Residential
  • Structure Sq Ft: 1371
  • Year Built: 2014
  • Zoning Description: M1
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: Countertop - Quartz, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven Range - Gas
  • Living Sq Ft: 1371
  • Stories: 3
  • Bedrooms: Primary Suite / Retreat, Walk-in Closet
  • Laundry: Inside, Upper Floor
  • Flooring: Carpet, Laminate, Tile
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Primary - Stall Shower(s), Shower over Tub - 1, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio
  • Construction Type: Stucco, Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener, On Street

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 215
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement, Minutes, Rules & Regulations
  • Association Fees Include: Exterior Painting, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Roof
  • H O A Name Text: Market Place Condominium
  • 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: 241-44-058
  • 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

Green Features

  • Energy Features: Attic Fan, Double Pane Windows, Thermostat Controller

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: East Side Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2020
Sold by
Tom Philip and Tom Jocelyn
Bought by
Tom Deanna
Current Estimated Value
$1,055,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 15, 2018
Closed on
Feb 11, 2019
Sold by
Mendoza Octavious A and Mendoza Judy A
Bought by
Tom Deanna and Tom Philip
Seller's Agent
Alana Lam
Intero Real Estate Services
Buyer's Agent
Alana Lam
Intero Real Estate Services
List Price
$875,000
Sold Price
$865,000
Premium/Discount to List
-$10,000
-1.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.02%
Original Mortgage
$484,350
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Tom Deanna $297,000 First American Title Ins Co
Tom Deanna $865,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tom Deanna $450,000
Previous Owner Tom Deanna $484,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2019 02/19/19 Sold $865,000 -1.1% $631 / Sq Ft
01/17/2019 01/17/19 Pending -- -- --
01/08/2019 01/08/19 Price Changed $875,000 0.0% $638 / Sq Ft
01/08/2019 01/08/19 For Sale $875,000 +1.2% $638 / Sq Ft
12/28/2018 12/28/18 Off Market $865,000 -- --
11/15/2018 11/15/18 For Sale $908,000 -- $662 / 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
2025 $13,047 $949,600 $474,800 $474,800
2024 $13,047 $930,982 $465,491 $465,491
2023 $12,838 $912,728 $456,364 $456,364
2022 $12,793 $894,832 $447,416 $447,416
2021 $12,585 $891,440 $445,720 $445,720
2020 $12,203 $882,300 $441,150 $441,150
2019 $8,833 $635,654 $317,827 $317,827
2018 $8,709 $623,192 $311,596 $311,596
2017 $8,764 $610,974 $305,487 $305,487
2016 $8,422 $598,996 $299,498 $299,498
2015 $8,327 $590,000 $295,000 $295,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81731277

MLSListings

APN: 241-44-058