NOT LISTED FOR SALE

242 Arbor Way Milpitas, CA 95035

Estimated Value: $691,000 - $792,000

2 Beds
2 Baths
924 Sq Ft
$325/mo HOA Fee

Last Sold November 20, 2019

Last sale price $644,000 $697 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,897/month

13 Days on Market

Highlights

  • Private Pool
  • Vaulted Ceiling
  • 1 Car Detached Garage
  • Marshall Pomeroy Elementary School Rated A
  • Balcony
  • Bathtub with Shower

About This Home

As of November 2019

Incredible and rare opportunity to own this wonderful top floor end-unit condo. Charming split-level two bedroom, two bathroom home has been updated with new carpet, new vinyl wood flooring in kitchen and bathrooms and freshly painted throughout. The vaulted ceilings allow for ample natural light in the living room and dining areas. Extend your living space with private patio overlooking the garden courtyard. Spacious one-car garage, with room for storage, and additional assigned parking space. In-unit washer and dryer. Close proximity to highways 880, 680 and 237. Welcome home! Offers kindly due Monday, 10/21 by 2:00 PM.

Last Agent to Sell the Property

Suzanne Garcia

Compass License #01985329 Listed on: 10/09/2019

Compass

Last Buyer's Agent

Yaning Li

Real Estate eBroker Inc License #02083193

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,117

Year Built

  • 1992

Lot Details

  • 967

HOA Fees

  • $325 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Assigned Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 924 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Outdoor Features

  • Private Pool
  • Balcony

Utilities

  • Forced Air Heating and Cooling System

Community Details

Overview

  • Association fees include common area electricity, garbage, landscaping / gardening, maintenance - common area, maintenance - exterior
  • 48 Units
  • Fountain Square HOA

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,117

Year Built

1992

Lot Details

0

HOA Fees

$325 per month

Parking

1

Listing Details

  • Zoning: R1
  • Subclass: Condominium
  • Age: 27
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Min Numberof Unitsin Complex: 48
  • Structure Sq Ft: 924
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1992

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining Area
  • Kitchen: Countertop - Tile, Dishwasher, Microwave, Oven Range - Electric
  • Fireplace: Yes
  • Living Sq Ft: 924
  • Stories: 1
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Shower And Tub

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Yes
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio
  • Pool: Community Facility, Pool - In Ground

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Assigned Spaces, Detached Garage

Utilities

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

Condo/Co-op/Association

  • Complex Name: Fountain Square
  • HOA Fees: 325
  • HOA Amenities: Community Pool
  • HOA Documents: Articles Of Incorporation, Budget, Bylaws, Cc&rs, Financial Statement, Minutes, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Garbage, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior
  • HOA Exist: Yes
  • H O A Name Text: Fountain Square HOA

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling

Schools

  • School District: Milpitas Unified

Lot Info

  • Lot Acres: 0.0222
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 968.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 968.00

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 2
  • Minimum Building Height: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2019
Closed on
Nov 9, 2019
Sold by
Okubo Kazumasa and Okubo Chidori
Bought by
Li Yinglong and Zhang Qian
Seller's Agent
Suzanne Garcia
Compass
Buyer's Agent
Yaning Li
Real Estate eBroker Inc
List Price
$598,000
Sold Price
$644,000
Premium/Discount to List
$46,000
7.69%
Current Estimated Value
$711,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,576
Avg. Annual Appreciation
1.94%
Original Mortgage
$508,500
Outstanding Balance
$450,214
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$268,767

Purchase Details

Closed on
May 13, 2004
Sold by
Okubo Kazumasa and Okubo Chidori
Bought by
Okubo Kazumasa and Okubo Chidori

Purchase Details

Closed on
Sep 23, 1993
Sold by
Wilson Development Inc
Bought by
Okubo Kazumasa and Okubo Chidori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,800
Interest Rate
7.13%
Source: Public Records

Range of Values:

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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
Li Yinglong $644,000 North American Title
Okubo Kazumasa -- --
Okubo Kazumasa $154,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Yinglong $508,500
Previous Owner Okubo Kazumasa $107,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2019 11/20/19 Sold $644,000 +7.7% $697 / Sq Ft
10/23/2019 10/23/19 Pending -- -- --
10/09/2019 10/09/19 For Sale $598,000 -- $647 / 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
2024 $8,117 $690,492 $345,246 $345,246
2023 $7,721 $645,000 $322,500 $322,500
2022 $8,063 $663,682 $331,841 $331,841
2021 $7,948 $650,670 $325,335 $325,335
2020 $7,810 $644,000 $322,000 $322,000
2019 $3,014 $234,618 $114,261 $120,357
2018 $2,869 $230,019 $112,021 $117,998
2017 $2,834 $225,510 $109,825 $115,685
2016 $2,717 $221,089 $107,672 $113,417
2015 $2,690 $217,769 $106,055 $111,714
2014 $2,607 $213,504 $103,978 $109,526
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Suzanne Garcia

    Compass

    Section Image

  • Y

    Buyer's Agent in 2019

    Yaning Li

    Real Estate eBroker Inc

See All Agents

Map

Source: MLSListings

MLS Number: ML81771724

MLSListings

APN: 026-29-042

California Santa Clara County Milpitas 95035

242 Arbor Way, Milpitas, CA

This home is located at 242 Arbor Way, Milpitas, CA 95035 since 09 October 2019 and is currently estimated at $751,640, approximately $813 per square foot. This property was built in 1992. 242 Arbor Way is a home located in Santa Clara County with nearby schools including Marshall Pomeroy Elementary School, Thomas Russell Middle School, and Milpitas High School.

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