NOT LISTED FOR SALE

262 Alvarez Common Milpitas, CA 95035

Estimated Value: $1,469,000 - $1,732,000

3 Beds
2.5 Baths
1,770 Sq Ft
$884/Sq Ft Est. Value

Last Sold November 18, 2016

Last sale price $920,000 $520 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $9,243/month

32 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Open to Family Room
  • Pearl Zanker Elementary School Rated A-
  • Mediterranean Architecture
  • 5-minute walk to John McDermott Park

About This Home

As of November 2016

Stunning 3 Bedrooms + Bonus room detached single family home in the highly sought after Viento at Terra Serena.Bright,Open & Airy Floor Plan.High Ceiling Entrance.Fresh Interior Painting Throughout.Spacious Living Room and Dining Area.Gourmet Kitchen With Granite Countertops. Stainless Steel Appliances, Microwave, Gas Cooktops .Large Master Suite. Recessed Lighting. Inside Laundry Area.Dual Pane Windows. Copper Plumbing.Two Zones Central Air Conditioning and heater.Two car garage (not tandem). Community pool, Club house, Tennis/basketball courts, Walking trail & Parks. Convenient Location: Easy Access to Freeways 237/880/680, Shopping Center, and Major High Tech Companies - CISCO, Future Google and Apple Campus in N. San Jose. Close to New BART Station. Top Rated Milpitas Schools! Move In Condition.Don't Miss!!!

Last Agent to Sell the Property

Frank Liu

RE/MAX Gold License #00991680 Listed on: 09/29/2016

RE/MAX Gold

Last Buyer's Agent

Frank Liu

RE/MAX Gold License #00991680

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 1,481 Sq Ft Lot
  • Zoning described as R1

Parking

  • 2 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,770 Sq Ft Home
  • 2-Story Property
  • Fireplace With Gas Starter
  • Family or Dining Combination

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Pool

  • Private Pool

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 086-57-098

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area electricity, common area gas, insurance - common area, maintenance - common area, pool spa or tennis, recreation facility
  • Terra Serena Owners Association

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean
  • Listing Class: Residential
  • Structure Sq Ft: 1770
  • Year Built: 2006
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo, Separate Family Room
  • Fireplace: Gas Starter
  • Dining Room: Dining Area in Family Room, Eat in Kitchen
  • Kitchen: Dishwasher, Garbage Disposal, Hookups - Gas, Pantry
  • Living Sq Ft: 1770
  • Stories: 2
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Shower and Tub, Stall Shower, Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Community Facility
  • Roof: Tile
  • Pool: Yes

Garage/Parking

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

Utilities

  • Cooling System: Central AC
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer Connected, Sewer in Street

Condo/Co-op/Association

  • HOA Fees: 125
  • HOA Amenities: BBQ Area, Club House, Community Pool, Playground
  • Association Fees Include: Common Area Electricity, Common Area Gas, Insurance - Common Area, Maintenance - Common Area, Pool, Spa, or Tennis, Recreation Facility
  • H O A Name Text: Terra Serena Owners Association
  • H O A Exist: Yes

Schools

  • High School: 293

Lot Info

  • Parcel Number: 086-57-098
  • Lot Acres: 0.0340
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1494.11
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1494.11

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Milpitas Unified
  • Elementary School Text: Pearl Zanker 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
Sep 29, 2016
Closed on
Nov 14, 2016
Sold by
Duan Zhan and Peng Anrong
Bought by
Shi Jun
Seller's Agent
Frank Liu
RE/MAX Gold
Buyer's Agent
Frank Liu
RE/MAX Gold
List Price
$899,000
Sold Price
$920,000
Premium/Discount to List
$21,000
2.34%
Current Estimated Value
$1,565,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$645,454
Avg. Annual Appreciation
5.99%
Original Mortgage
$395,000
Outstanding Balance
$187,123
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$1,378,331

Purchase Details

Closed on
Dec 4, 2008
Sold by
Kb Home South Bay Inc
Bought by
Duan Zhan and Peng Anrong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,975
Interest Rate
6.47%
Mortgage Type
FHA
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
Shi Jun $920,000 Fidelity National Title Co
Duan Zhan $600,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shi Jun $395,000
Previous Owner Duan Zhan $579,975
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2016 11/18/16 Sold $920,000 +2.3% $520 / Sq Ft
11/01/2016 11/01/16 Pending -- -- --
09/29/2016 09/29/16 For Sale $899,000 -- $508 / 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 $12,774 $1,067,735 $580,292 $487,443
2024 $12,774 $1,046,800 $568,914 $477,886
2023 $12,724 $1,026,275 $557,759 $468,516
2022 $12,647 $1,006,153 $546,823 $459,330
2021 $12,447 $986,425 $536,101 $450,324
2020 $12,229 $976,311 $530,604 $445,707
2019 $12,082 $957,168 $520,200 $436,968
2018 $11,478 $938,400 $510,000 $428,400
2017 $11,321 $920,000 $500,000 $420,000
2016 $8,047 $652,689 $391,614 $261,075
2015 $7,958 $642,886 $385,732 $257,154
2014 $7,746 $630,294 $378,177 $252,117
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2016

    Frank Liu

    RE/MAX

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Map

Source: MLSListings

MLS Number: ML81630556

MLSListings

APN: 083-16-098

California Santa Clara County Milpitas 95035

262 Alvarez Common, Milpitas, CA

Not Listed for Sale

Detached

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