NOT LISTED FOR SALE

245 Tramway Dr Milpitas, CA 95035

Estimated Value: $2,212,610 - $2,496,000

4 Beds
3 Baths
2,496 Sq Ft
$929/Sq Ft Est. Value

Last Sold October 09, 2015

Last sale price $1,300,000 $521 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $13,494/month

5 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Granite Countertops
  • Curtner Elementary School Rated A
  • Solid Surface Bathroom Countertops
  • 3-minute walk to Hidden Lake Park

About This Home

As of October 2015

Great schools and a great commute location. Recently remodeled. Vaulted ceilings, hardwood floors in Living and Formal dinging. Gourmet kitchen has new granite counter tops, new tile floor, new dish washer, new double sinks, new faucet, new cook top and new tile floor. Recessed lighting, built-in cabinets, hardwood flooring in Family room. Updated master bathroom with new stall shower, new vanity top and new tile floor. New exterior paint. Central A/C, Dual pane windows. Concrete tile roof. Shapel Built

Last Agent to Sell the Property

Serena Fu

Excel Realty License #01272743 Listed on: 09/02/2015

Excel Realty

Last Buyer's Agent

Tommy Tsai

Fortunus Real Estate Investmen License #01327939

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • 5,227 Sq Ft Lot
  • Sprinkler System
  • Back Yard

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 2,496 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Double Pane Windows
  • Separate Family Room
  • Formal Dining Room

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Split Bathroom
  • 3 Full Bathrooms
  • Solid Surface Bathroom Countertops
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number 028-15-118

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 2496
  • Incorporated: Yes
  • Year Built: 1986
  • Zoning Description: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Breakfast Nook, Formal Dining Room
  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Granite, Dishwasher, Garbage Disposal, Hood Over Range, Microwave, Oven - Built-In, Pantry
  • Living Sq Ft: 2496
  • Stories: 2
  • Laundry: Hookup - Washer/Dryer
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Additional Rooms: Laundry Room
  • Fireplaces Min: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Shower and Tub, Solid Surface, Split Bath, Stall Shower, Tile, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tile
  • Yard/Grounds: Back Yard, Balcony / Patio, Sprinklers - Lawn

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling, Walk-in Closet

Schools

  • High School: 293

Lot Info

  • Lot Description: Regular, Staked Boundary
  • Parcel Number: 028-15-118
  • Lot Acres: 0.1200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5227.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5227.00

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Milpitas Unified
  • Elementary School Text: Curtner Elementary
  • High School Text: Milpitas High
  • Middle School Text: Thomas Russell Junior High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2020
Sold by
Lai Kang-Wei and Lai Wei-Jung
Bought by
Lai And Chang Family Trust and Lai
Current Estimated Value
$2,318,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,500
Outstanding Balance
$505,650
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,813,003

Purchase Details

Closed on
Sep 24, 2020
Sold by
Lai And Chang Family Trust and Lai Kang-Wei
Bought by
Lai Kang-Wei and Chang Wei-Jung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,500
Outstanding Balance
$505,650
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,813,003

Purchase Details

Closed on
Sep 23, 2020
Sold by
Lai Kang Wei and Chang Wei Jung
Bought by
Lai Kang Wei and Chang Wei Jung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,500
Outstanding Balance
$505,650
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,813,003

Purchase Details

Closed on
Jan 14, 2017
Sold by
Lai Kangwei and Chang Weijung
Bought by
Lai Kang Wei and Chang Wei Jung

Purchase Details

Listed on
Sep 2, 2015
Closed on
Oct 15, 2015
Sold by
Lee Chung Kun and Teng Te Shu
Bought by
Lai Kangwei and Chang Weijung
Seller's Agent
Serena Fu
Excel Realty
Buyer's Agent
Tommy Tsai
Fortunus Real Estate Investmen
List Price
$1,080,000
Sold Price
$1,300,000
Premium/Discount to List
$220,000
20.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.77%
Original Mortgage
$877,500
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 7, 2006
Sold by
Lee Chung Kun and Teng Te Shu
Bought by
Lee Chung Kun and Teng Te Shu

Purchase Details

Closed on
May 14, 1997
Sold by
Yaw Cheng Rong and Wern Mei
Bought by
Lee Chung Kun and Teng Te Shu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
8.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lai And Chang Family Trust -- Lai Kang-Wei
Lai Kang-Wei -- Wfg National Title
Lai Kang Wei -- None Available
Lai Kang Wei -- Wfg National Title Ins Co
Lai Kang Wei -- None Available
Lai Kangwei $1,300,000 Fidelity National Title Co
Lee Chung Kun -- None Available
Lee Chung Kun -- None Available
Lee Chung Kun $400,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lai Kang-Wei $568,500
Closed Lai Kang Wei $568,500
Previous Owner Lai Kangwei $877,500
Previous Owner Lee Chung Kun $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2015 10/09/15 Sold $1,300,000 +20.4% $521 / Sq Ft
09/08/2015 09/08/15 Pending -- -- --
09/02/2015 09/02/15 For Sale $1,080,000 -- $433 / 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 $17,431 $1,538,932 $947,036 $591,896
2024 $17,431 $1,508,758 $928,467 $580,291
2023 $17,376 $1,479,175 $910,262 $568,913
2022 $17,301 $1,450,172 $892,414 $557,758
2021 $17,049 $1,421,738 $874,916 $546,822
2020 $16,751 $1,407,161 $865,945 $541,216
2019 $16,556 $1,379,570 $848,966 $530,604
2018 $15,712 $1,352,520 $832,320 $520,200
2017 $15,508 $1,326,000 $816,000 $510,000
2016 $14,884 $1,300,000 $800,000 $500,000
2015 $6,333 $542,051 $243,923 $298,128
2014 $6,159 $531,434 $239,145 $292,289
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Serena Fu

    Excel Realty

    (510) 579-3897

    7 Total Sales

    Serena Fu
    Section Image

  • T

    Buyer's Agent in 2015

    Tommy Tsai

    Fortunus Real Estate Investmen

    (408) 262-8999

    1 in this area

    13 Total Sales

    Tommy Tsai
    Section Image
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Map

Source: MLSListings

MLS Number: ML81512870

MLSListings

APN: 028-15-118

California Santa Clara County Milpitas 95035

245 Tramway Dr, Milpitas, CA

Not Listed for Sale

Detached

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