NOT LISTED FOR SALE

1925 Cadence Ln Milpitas, CA 95035

Central San Jose Industral Area Neighborhood

Estimated Value: $1,037,000 - $1,429,000

2 Beds
2.5 Baths
1,393 Sq Ft
$853/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $950,004 $682 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,357/month

27 Days on Market

Highlights

  • 2 Car Attached Garage
  • Tandem Parking
  • Combination Dining and Living Room
  • Mabel Mattos Elementary School Rated A
  • Central Air
  • 3-minute walk to Augustus Rathbone Park

About This Home

As of October 2018

Luxury and lovely 2 bedroom corner unit in Velocity at Pace by Awarding Winning Trumark Homes. Bright living space with a south-facing deck and gourmet kitchen: quartz counter top and center island with sink, stainless steel appliances. Luxury master bedroom with walk in closet. Dual pane windows. Central A/C & Heating with multi-zone control. Excellent location with private entrance. Prime transit-oriented location! Walking distance to Great Mall, VTA light rail station and upcoming Milpitas BART Station. Short commute to many tech companies. Easy access to Hwy 880/237/680 and San Jose International Airport, Ranch 99, H-mart, Costco. It is assigned to Mabel Mattos New elementary school and New Park, Great School District & Huge potentials (buyer to verify eligibility)

Last Agent to Sell the Property

Chloe Mei

Keller Williams Thrive License #01936459 Listed on: 09/04/2018

Keller Williams Thrive

Last Buyer's Agent

Amar Realtor

Keller Williams Palo Alto License #01889230

Keller Williams Palo Alto

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2015

Lot Details

  • 649 Sq Ft Lot

HOA Fees

  • $348 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Tandem Parking

Home Design

  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,393 Sq Ft Home
  • 3-Story Property
  • Combination Dining and Living Room
  • Washer and Dryer

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • Association fees include common area electricity, garbage, insurance - structure, maintenance - common area, maintenance - exterior
  • Velocity At Pace & Momentum At Pace HOA

Listing and Financial Details

  • Assessor Parcel Number 086-82-073

Townhouse Details

Home Type

Townhome

Year Built

Built in 2015

Lot Details

0

HOA Fees

$348 per month

Parking

2

Listing Details

  • Subclass: Townhouse
  • Listing Class: Residential
  • Structure Sq Ft: 1393
  • Year Built: 2015
  • Zoning Description: R3
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area in Living Room
  • Living Sq Ft: 1393
  • Stories: 3
  • Laundry: Washer / Dryer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Tandem Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 348
  • HOA Documents: Articles of Incorporation, Bylaws, CC&RS, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Garbage, Insurance - Structure, Maintenance - Common Area, Maintenance - Exterior
  • H O A Name Text: Velocity At Pace & Momentum At Pace HOA
  • H O A Exist: Yes

Lot Info

  • Parcel Number: 086-82-073
  • Lot Acres: 0.0149
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 648.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 648.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Milpitas Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2021
Sold by
Gaonkar Nitin Guninath and Banarse Aditi Ram
Bought by
Gaonkar Nitin Gurunath and Banarse Aditi Ram
Current Estimated Value
$1,134,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$736,000
Outstanding Balance
$660,107
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$527,460

Purchase Details

Listed on
Sep 4, 2018
Closed on
Oct 18, 2018
Sold by
Iyer Vijay S and Ramasubramaniam Kalyani A
Bought by
Gaonkar Nitin Gurunath and Banarse Aditi Ram
Seller's Agent
Chloe Mei
Keller Williams Thrive
Buyer's Agent
Amar Realtor
Keller Williams Palo Alto
List Price
$949,000
Sold Price
$950,004
Premium/Discount to List
$1,004
0.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.14%
Original Mortgage
$760,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2015
Sold by
Contour Trade Zone Llc
Bought by
Iyer Vijay S and Ramasubramaniam Kalyani A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,244
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gaonkar Nitin Gurunath -- Mortgage Connect
Gaonkar Nitin Gurunath $950,500 First American Title Co
Iyer Vijay S $694,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaonkar Nitin Gurunath $736,000
Closed Gaonkar Nitin Gurunath $760,000
Previous Owner Iyer Vijay S $555,244
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2018 10/19/18 Sold $950,004 +0.1% $682 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $949,000 -- $681 / 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 $12,922 $1,059,742 $529,871 $529,871
2024 $12,922 $1,038,964 $519,482 $519,482
2023 $12,860 $1,018,594 $509,297 $509,297
2022 $12,765 $998,622 $499,311 $499,311
2021 $12,495 $974,000 $487,000 $487,000
2020 $11,617 $908,000 $454,000 $454,000
2019 $12,181 $950,004 $475,002 $475,002
2018 $9,090 $722,094 $361,018 $361,076
2017 $8,967 $707,937 $353,940 $353,997
2016 $8,623 $694,056 $347,000 $347,056
2015 $1,585 $120,612 $120,612 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Chloe Mei

    Keller Williams Thrive

    Section Image
  • Amar Realtor

    Buyer's Agent in 2018

    Amar Realtor

    Keller Williams Palo Alto

    (650) 686-2627

    238 Total Sales

    Amar Realtor
    Section Image
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Map

Source: MLSListings

MLS Number: ML81721701

MLSListings

APN: 086-82-073

California Santa Clara County Milpitas 95035 Central San Jose Industral Area

1925 Cadence Ln, Milpitas, CA

Not Listed for Sale

Townhouses

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