NOT LISTED FOR SALE

1637 Mercado Way San Jose, CA 95131

Estimated Value: $1,293,000 - $1,540,000

4 Beds
3.5 Baths
2,004 Sq Ft
$709/Sq Ft Est. Value

Last Sold April 11, 2024

Last sale price $1,505,000 $751 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $9,031/month

5 Days on Market

Highlights

  • Primary Bedroom Suite
  • Main Floor Bedroom
  • Open to Family Room
  • Vinci Park Elementary School Rated A-
  • Quartz Countertops
  • Bathtub

About This Home

As of April 2024

Dont miss this gorgeous End Unit Townhouse w/Planned Unit Development in the highly desirable Berryessa crossing neighborhood. Built in 2014, open concept floor plan with many windows bringing in tons of natural light. Upgrade kitchen with new quartz countertop and breakfast bar, new backsplash, new flooring, walk-in pantry. New recessed lights, pendent lighting on living room and dinning area. New laminate flooring on first floor. New remodeled primary suite features double sink vanity and large walk-in closet. One bedroom with full bathroom on the ground floor, perfect for rent income or guests. Freshly painted with designer picked color, two zone central heating & AC, double pane windows, attached two car side by side garage and much more. Walking distance to Safeway, CVS etc. in Market Park plaza, and close to BART station, golf course, Townsend park. Easy access to highway 101, 880 & 680 and short commute to Google, Amazon, Apple campus etc. Low HOA of only $214/month!

Last Agent to Sell the Property

Jin Zong

KW Santa Clara Valley Inc License #02050545 Listed on: 03/13/2024

KW Santa Clara Valley Inc

Last Buyer's Agent

Huaiting Wu

KW Santa Clara Valley Inc License #02095689

KW Santa Clara Valley Inc

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $13,015

Year Built

  • Built in 2014

Lot Details

  • 1,699

HOA Fees

  • $214 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,004 Sq Ft Home
  • 3-Story Property
  • Family or Dining Combination
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Built-In Oven
  • Gas Cooktop
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Bathtub

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Separate Meters
  • Individual Gas Meter

Community Details

  • Association fees include common area electricity, exterior painting, insurance - common area, maintenance - common area, reserves, roof
  • Mercado Way Owners Association

Listing and Financial Details

  • Assessor Parcel Number 241-43-074

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$13,015

Year Built

Built in 2014

Lot Details

0

HOA Fees

$214 per month

Parking

2

Listing Details

  • Subclass: Townhouse
  • Age: 10
  • Listing Class: Residential
  • Structure Sq Ft: 2004
  • Year Built: 2014
  • Zoning Description: APD
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area in Family Room
  • Kitchen: Cooktop - Gas, Countertop - Quartz, Dishwasher, Garbage Disposal, Oven - Built-In, Pantry, Refrigerator
  • Living Sq Ft: 2004
  • Stories: 3
  • Bedrooms: Ground Floor Bedroom, Primary Suite / Retreat, Walk-in Closet
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Full on Ground Floor, Tub in Primary Bedroom

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 214
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Exterior Painting, Insurance - Common Area, Maintenance - Common Area, Reserves, Roof
  • H O A Name Text: Mercado Way Owners Association
  • H O A Exist: Yes

Schools

  • School District: East Side Union High

Lot Info

  • Parcel Number: 241-43-074

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities

MLS Schools

  • High School District Text: East Side Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
Apr 2, 2024
Sold by
Mou Ming and Shi Ai
Bought by
Lin Chia Wei and Lee Pei Chen
Seller's Agent
Jin Zong
KW Santa Clara Valley Inc
Buyer's Agent
Huaiting Wu
KW Santa Clara Valley Inc
List Price
$1,398,800
Sold Price
$1,505,000
Premium/Discount to List
$106,200
7.59%
Views
44
Current Estimated Value
$1,421,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$83,239
Avg. Annual Appreciation
-4.01%
Original Mortgage
$750,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2014
Sold by
Kb Home South Bay Inc
Bought by
Mou Ming and Shi Ai

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
4.16%
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
Lin Chia Wei $1,505,000 Fidelity National Title Compan
Mou Ming $772,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Chia Wei $1,000,000
Closed Lin Chia Wei $750,000
Previous Owner Mou Ming $353,000
Previous Owner Mou Ming $414,000
Previous Owner Mou Ming $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2024 04/11/24 Sold $1,505,000 +7.6% $751 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $1,398,800 -- $698 / 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 $13,015 $1,535,100 $767,550 $767,550
2024 $13,015 $909,331 $454,813 $454,518
2023 $12,793 $891,502 $445,896 $445,606
2022 $12,748 $874,022 $437,153 $436,869
2021 $12,352 $856,885 $428,582 $428,303
2020 $11,982 $848,100 $424,188 $423,912
2019 $11,530 $831,471 $415,871 $415,600
2018 $11,374 $815,168 $407,717 $407,451
2017 $11,453 $799,185 $399,723 $399,462
2016 $11,002 $783,516 $391,886 $391,630
2015 $10,877 $771,748 $386,000 $385,748
2014 $1,799 $125,000 $125,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Jin Zong

    Seller's Agent in 2024

    Jin Zong

    KW Santa Clara Valley Inc

    (510) 585-5784

    54 Total Sales

    Jin Zong
    Section Image
  • Huaiting Wu

    Buyer's Agent in 2024

    Huaiting Wu

    KW Santa Clara Valley Inc

    (650) 727-7381

    36 Total Sales

    Huaiting Wu
    Section Image
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Map

Source: MLSListings

MLS Number: ML81956437

MLSListings

APN: 241-43-074

California Santa Clara County San Jose 95131

1637 Mercado Way, San Jose, CA

This home is located at 1637 Mercado Way, San Jose, CA 95131 since 13 March 2024 and is currently estimated at $1,421,761, approximately $709 per square foot. This property was built in 2014. 1637 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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