NOT LISTED FOR SALE

1961 Lee Way Milpitas, CA 95035

Estimated Value: $1,170,000 - $1,506,000

3 Beds
3.5 Baths
1,640 Sq Ft
$815/Sq Ft Est. Value

Last Sold March 11, 2022

Last sale price $1,425,000 $869 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $8,660/month

5 Days on Market

Highlights

  • Primary Bedroom Suite
  • Main Floor Bedroom
  • Granite Countertops
  • Mabel Mattos Elementary School Rated A
  • Solid Surface Bathroom Countertops
  • 2 Car Attached Garage

About This Home

As of March 2022

7 year new! Rarely available floorplan with LOW $240 HOA! No neighbors above or below. Bright and airy with open concept layout. Modern kitchen with large island that leads to open balcony, plus an additional powder room for guests. Spacious kitchen features gorgeous granite countertop, full tiled backslash, ample cabinet space, stainless steel appliances. 3 master suites. Dual suites on top floor. Grand master has double vanity, spacious shower & a large walk in closet. Junior master also has a walk-in closet & tub. One suite w/ shower downstairs, perfect for in-laws, office or renting out. Upgrades include undermount bathroom sinks with stone surface, newly installed wood floor, water softener, fresh interior paint etc. Walking distance to Mabel Mattos elementary school. EZ access to I-680 & I-880. Minutes to Milpitas BART station, Trader Joe, Great Mall, 99 Ranch, H-Mart. All the convenience you could ask for!! (Buyers to verify with school attendance directly) PUD for better rate!

Last Agent to Sell the Property

Alex Aung

Home Solutions Realty License #01435381 Listed on: 02/03/2022

Last Buyer's Agent

Marian Zheng

Morgan Real Estate License #02085264

Morgan Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $15,962

Year Built

  • 2013

Lot Details

  • 1,285 Sq Ft Lot

HOA Fees

  • $240 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Guest Parking

Home Design

  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,640 Sq Ft Home
  • 3-Story Property
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Solid Surface Bathroom Countertops
  • Stone Countertops In Bathroom
  • Bidet
  • Dual Sinks
  • Bathtub with Shower
  • Walk-in Shower

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Water Softener is Owned

Community Details

Overview

  • Association fees include common area electricity, exterior painting, insurance - structure, landscaping / gardening, maintenance - common area, roof
  • Harmony Association

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$15,962

Year Built

2013

Lot Details

0

HOA Fees

$240 per month

Parking

2

Listing Details

  • Zoning: R3-TO
  • Subclass: Townhouse
  • Restrictions: Pets - Allowed, Pets - Rules
  • Age: 9
  • Listing Class: Residential
  • Structure Sq Ft: 1640
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 2013

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area In Living Room, Eat In Kitchen
  • Kitchen: Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Island, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1640
  • Stories: 3
  • Bedrooms: Ground Floor Bedroom, Primary Suite / Retreate - 2+, Walk-In Closet
  • Flooring: Carpet, Laminate, Tile
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Bidet, Double Sinks, Primary - Stall Shower(s), Shower And Tub, Solid Surface, Stall Shower - 2+, Stone, Tub, Updated Bath

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Guest / Visitor Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 240
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Exterior Painting, Insurance - Structure, Landscaping / Gardening, Maintenance - Common Area, Roof
  • HOA Exist: Yes
  • H O A Name Text: Harmony

Schools

  • School District: Milpitas Unified
  • Elementary School: Mabel Mattos Elementary
  • Middle School: Rancho Milpitas Junior High
  • High School: Milpitas High
  • High School: 293
  • Elementary School: 37494
  • Middle School: 283

Lot Info

  • Lot Acres: 0.0295
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1287.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1287.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2022
Closed on
Feb 28, 2022
Sold by
Sukriti Living Trust
Bought by
Chandramouli Aravind and Manohara Soundarya
Seller's Agent
Alex Aung
Home Solutions Realty
Buyer's Agent
Marian Zheng
Morgan Real Estate
List Price
$1,199,000
Sold Price
$1,425,000
Premium/Discount to List
$226,000
18.85%
Current Estimated Value
$1,337,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$87,680
Avg. Annual Appreciation
-1.75%
Original Mortgage
$1,088,000
Outstanding Balance
$1,003,892
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$333,428

Purchase Details

Closed on
Sep 23, 2021
Sold by
Savla Sumit Hasmukh and Nagda Kirti Chandrakant
Bought by
Savla Sumit Hasmukh and Nagda Kirti Chandrakant

Purchase Details

Closed on
Feb 2, 2015
Sold by
D R Horton Bay Inc
Bought by
Savla Sumit Hasmukh and Nagda Kirti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,312
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Chandramouli Aravind $1,425,000 Orange Coast Title
Savla Sumit Hasmukh -- None Available
Savla Sumit Hasmukh $740,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chandramouli Aravind $1,088,000
Previous Owner Savla Sumit Hasmukh $592,312
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2022 03/11/22 Sold $1,425,000 +18.8% $869 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $1,199,000 -- $731 / 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 $15,962 $1,220,000 $610,000 $610,000
2024 $15,962 $1,305,000 $652,500 $652,500
2023 $15,665 $1,260,000 $630,000 $630,000
2022 $10,875 $838,506 $419,146 $419,360
2021 $10,693 $822,066 $410,928 $411,138
2020 $10,506 $813,638 $406,715 $406,923
2019 $10,374 $797,686 $398,741 $398,945
2018 $9,859 $782,046 $390,923 $391,123
2017 $9,726 $766,712 $383,258 $383,454
2016 $9,338 $751,680 $375,744 $375,936
2015 $1,736 $81,515 $81,515 $0
2014 $1,095 $79,919 $79,919 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Alex Aung

    Home Solutions Realty

    (408) 646-4622

    3 in this area

    74 Total Sales

    Alex Aung
    Section Image

  • M

    Buyer's Agent in 2022

    Marian Zheng

    Morgan Real Estate

    Section Image
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Map

Source: MLSListings

MLS Number: ML81876956

MLSListings

APN: 086-72-003

California Santa Clara County Milpitas 95035

1961 Lee Way, Milpitas, CA

This home is located at 1961 Lee Way, Milpitas, CA 95035 since 03 February 2022 and is currently estimated at $1,337,320, approximately $815 per square foot. This property was built in 2013. 1961 Lee Way is a home located in Santa Clara County with nearby schools including Mabel Mattos Elementary School, Alexander Rose Elementary School, and Rancho Milpitas Middle School.

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