NOT LISTED FOR SALE

1980 Pace Way Milpitas, CA 95035

Central San Jose Industral Area Neighborhood

Estimated Value: $1,010,000 - $1,142,000

2 Beds
2 Baths
1,504 Sq Ft
1,830 Sq Ft Lot

Last Sold July 13, 2016

Last sale price $750,000 $499 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $6,442/month

8 Days on Market

Highlights

  • City View
  • Deck
  • High Ceiling
  • Mabel Mattos Elementary School Rated A
  • Contemporary Architecture
  • 5-minute walk to Augustus Rathbone Park

About This Home

As of July 2016

Gorgeous 1 Year new Penthouse style top floor 2bd/2Ba Condo ,rare corner end location / most popular plan 5 , Velocity built by Trumark Home. Featuring Soaring high ceiling, east foot hill view from living rm, all modern amenities including energy saving AC/Furnace/Humidity control fans/fire alarms/usb port equipped power outlets/Recessed lights / SS appliances / window blinds/ surrounded by large double pane windows w/ S. Direction for ample natural lights. Spacious Mater & Guest suites / Convenient laundry location same floor / Near by GreatMall /Newly building BART station / Easy Freeway access to 880 & 680 /This beautiful condo will not last so please call Philip for more detail and scheduling private tours.

Last Agent to Sell the Property

Philip Kim

Century 21 MM License #01916627 Listed on: 05/31/2016

Century 21 MM

Last Buyer's Agent

Robert Garcia

Acquire Inc. License #01408257

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2015

Lot Details

  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 2 Car Garage
  • Tandem Parking
  • Secured Garage or Parking
  • Guest Parking

Property Views

  • City
  • Hills

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Ceiling Insulation
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,504 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Double Pane Windows
  • Combination Dining and Living Room
  • Storage Room
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Stone Countertops In Bathroom
  • Granite Bathroom Countertops
  • Dual Sinks
  • Low Flow Toliet
  • Bathtub with Shower
  • Walk-in Shower
  • Low Flow Shower

Home Security

Eco-Friendly Details

  • Energy-Efficient HVAC
  • ENERGY STAR/CFL/LED Lights

Outdoor Features

  • Deck
  • Barbecue Area

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 086-82-040

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area electricity, common area gas, exterior painting, garbage, insurance, insurance - common area, insurance - hazard, reserves
  • Velocity HOA

Amenities

  • Courtyard

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2015

Lot Details

0

Parking

2

Listing Details

  • Subclass: Condominium
  • Style: Contemporary
  • Listing Class: Residential
  • Structure Sq Ft: 1504
  • Year Built: 2015
  • Zoning Description: R3
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Dining Room: Breakfast Bar, Dining Area in Living Room, Eat in Kitchen, No Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Island with Sink, Microwave, Oven - Self Cleaning, Pantry, Refrigerator
  • Living Sq Ft: 1504
  • Stories: 3
  • Security: Fire Alarm, Fire System - Sprinkler, Secured Garage / Parking
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Storage
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Granite, Shower and Tub, Stall Shower, Stone

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Tile
  • View: City, Hills
  • Yard/Grounds: BBQ Area, Courtyard, Deck, Low Maintenance, Sprinklers - Auto
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Guest / Visitor Parking, Tandem Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-in Closet

Condo/Co-op/Association

  • HOA Fees: 335
  • Association Fees Include: Common Area Electricity, Common Area Gas, Exterior Painting, Garbage, Insurance, Insurance - Common Area, Insurance - Hazard, Reserves
  • H O A Name Text: Velocity HOA
  • H O A Exist: Yes

Schools

  • High School: 293

Lot Info

  • Parcel Number: 086-82-040
  • Lot Acres: 0.0420
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1825.16
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1825.16
  • Soil: Unknown

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Energy Star Appliances, Energy Star HVAC, Energy Star Lighting, Low Flow Shower, Low Flow Toilet, Tankless Water Heater, Thermostat Controller

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Milpitas Unified
  • Elementary School Text: Robert Randall Elementary
  • High School Text: Milpitas High
  • Middle School Text: Rancho Milpitas Junior High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2016
Closed on
Jun 21, 2016
Sold by
Yoon Joo Y
Bought by
Lee Jason
Seller's Agent
Philip Kim
Century 21 MM
Buyer's Agent
Robert Garcia
Acquire Inc.
List Price
$699,000
Sold Price
$750,000
Premium/Discount to List
$51,000
7.3%
Current Estimated Value
$1,062,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,093
Avg. Annual Appreciation
3.74%
Original Mortgage
$422,000
Outstanding Balance
$325,089
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$737,004

Purchase Details

Closed on
Mar 13, 2015
Sold by
Contour Trade Zone Llc
Bought by
Yoon Joo Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.54%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lee Jason $750,000 Old Republic Title Company
Yoon Joo Y $594,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Jason $422,000
Previous Owner Yoon Joo Y $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2016 07/13/16 Sold $750,000 +7.3% $499 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $699,000 -- $465 / 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 $10,722 $870,434 $435,217 $435,217
2024 $10,722 $853,368 $426,684 $426,684
2023 $10,664 $836,636 $418,318 $418,318
2022 $10,577 $820,232 $410,116 $410,116
2021 $10,398 $804,150 $402,075 $402,075
2020 $10,215 $795,906 $397,953 $397,953
2019 $10,085 $780,300 $390,150 $390,150
2018 $9,583 $765,000 $382,500 $382,500
2017 $9,453 $750,000 $375,000 $375,000
2016 $7,572 $602,587 $304,575 $298,012
2015 $2,487 $147,285 $147,285 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Philip Kim

    Century 21 MM

    Section Image
  • Robert Garcia

    Buyer's Agent in 2016

    Robert Garcia

    Acquire Inc.

    (408) 455-4007

    125 Total Sales

    Robert Garcia
    Section Image
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Map

Source: MLSListings

MLS Number: ML81586356

MLSListings

APN: 086-82-040

California Santa Clara County Milpitas 95035 Central San Jose Industral Area

1980 Pace Way, Milpitas, CA

Not Listed for Sale

Condos

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