NOT LISTED FOR SALE

406 Terra Mesa Way Milpitas, CA 95035

Estimated Value: $1,206,000 - $1,299,000

3 Beds
2.5 Baths
1,547 Sq Ft
$814/Sq Ft Est. Value

Last Sold July 09, 2024

Last sale price $1,275,000 $824 Per Sq Ft

Current estimated payment $8,231/month

5 Days on Market

Highlights

  • Private Pool
  • Formal Dining Room
  • Eat-In Kitchen
  • Marshall Pomeroy Elementary School Rated A
  • Fireplace
  • 3-minute walk to Dixon Landing Park

About This Home

As of July 2024

Location! Location! Location! Welcome to this bright corner-end property with an open floor plan and soaring ceilings. Natural light floods the spacious rooms, creating a warm and inviting atmosphere. Entertain guests in the formal living room, contemporary kitchen, and formal dining room. The large bedrooms provide a peaceful retreat, and the bright bathroom features a double vanity and oversized shower. With an attached 2-car garage and guest parking, convenience is at your doorstep. Dixon Landing Park (11 acres), adjacent to the property, offers playgrounds, basketball and tennis courts, BBQ areas, trails, and greenbelt spaces. Commuters will appreciate the easy freeway access, proximity to shopping, schools, the Great Mall (11 mins), and the upcoming Bart station (10 mins). Top-rated schools complete this exceptional home! Dont miss this!!! Buyer to verify all information

Last Agent to Sell the Property

Michael Peng Li

Goodview Financial & Real Estate License #01996871 Listed on: 06/06/2024

Goodview Financial & Real Estate

Last Buyer's Agent

Latief Bazaz

Alliance Bay Realty License #01405118

Alliance Bay Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,974

Year Built

  • Built in 1992

Lot Details

  • 958

HOA Fees

  • $240 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,547 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Separate Family Room
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven

Bedrooms and Bathrooms

  • 3 Bedrooms

Pool

  • Private Pool

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 022-45-008

Community Details

Overview

  • Association fees include common area electricity, insurance - common area, maintenance - common area, pool spa or tennis, roof
  • California Landing Villas Association

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,974

Year Built

Built in 1992

Lot Details

0

HOA Fees

$240 per month

Parking

2

Listing Details

  • Subclass: Townhouse
  • Age: 32
  • Listing Class: Residential
  • Structure Sq Ft: 1547
  • Year Built: 1992
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: Separate Family Room
  • Dining Room: Eat in Kitchen, Formal Dining Room
  • Kitchen: Oven - Gas
  • Living Sq Ft: 1547
  • Stories: 3
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 240
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Insurance - Common Area, Maintenance - Common Area, Pool, Spa, or Tennis, Roof
  • H O A Name Text: California Landing Villas Association
  • H O A Exist: Yes

Schools

  • School District: Milpitas Unified
  • Elementary School: Marshall Pomeroy Elementary
  • Middle School: Thomas Russell Junior High
  • High School: Milpitas High
  • High School: 293
  • Elementary School: 282
  • Middle School: 291

Lot Info

  • Parcel Number: 022-45-008

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Jul 5, 2024
Sold by
Wang Xingchun
Bought by
Surisetty Gowri Pavan Prakas and Surisetty Leena
Seller's Agent
Michael Peng Li
Goodview Financial & Real Estate
Buyer's Agent
Latief Bazaz
Alliance Bay Realty
List Price
$1,098,888
Sold Price
$1,275,000
Premium/Discount to List
$176,112
16.03%
Views
24
Current Estimated Value
$1,277,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,307
Avg. Annual Appreciation
-1.12%
Original Mortgage
$892,500
Outstanding Balance
$882,042
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$377,503

Purchase Details

Closed on
Oct 4, 2018
Sold by
Ferris Erik N and Ferris Yasuko
Bought by
Wang Xingchun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2007
Sold by
Thompson Stephen James
Bought by
Ferris Erik N and Ferris Yasuko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2007
Sold by
Thompson Stephen
Bought by
Thompson Stephen James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2002
Sold by
Yuen Paul C
Bought by
Thompson Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.06%

Purchase Details

Closed on
Nov 13, 1997
Sold by
Yuen Paul C
Bought by
Yuen Paul C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.31%
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
Surisetty Gowri Pavan Prakas $1,275,000 First American Title
Wang Xingchun $940,000 Cornerstone Title Co
Ferris Erik N $635,000 Alliance Title Company
Thompson Stephen James -- Stewart Title Of Ca Inc
Thompson Stephen $455,000 Commonwealth Land Title
Yuen Paul C -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Surisetty Gowri Pavan Prakas $892,500
Previous Owner Wang Kingchun $406,000
Previous Owner Wang Xingchun $421,512
Previous Owner Wang Xingchun $426,000
Previous Owner Wang Xingchun $450,000
Previous Owner Ferris Erik N $100,000
Previous Owner Ferris Erik N $356,024
Previous Owner Ferris Erik N $412,000
Previous Owner Ferris Erik N $412,000
Previous Owner Ferris Erik N $435,000
Previous Owner Thompson Stephen James $137,500
Previous Owner Thompson Stephen J $305,000
Previous Owner Thompson Stephen $360,000
Previous Owner Yuen Paul C $75,000
Previous Owner Yuen Paul C $170,000
Closed Thompson Stephen $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2024 07/09/24 Sold $1,275,000 +16.0% $824 / Sq Ft
06/12/2024 06/12/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $1,098,888 -- $710 / 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 $11,974 $1,028,024 $514,012 $514,012
2023 $11,938 $1,007,868 $503,934 $503,934
2022 $11,891 $988,106 $494,053 $494,053
2021 $11,356 $938,000 $469,000 $469,000
2020 $10,047 $834,000 $417,000 $417,000
2019 $11,385 $940,000 $470,000 $470,000
2018 $8,812 $747,704 $373,852 $373,852
2017 $8,700 $733,044 $366,522 $366,522
2016 $8,270 $718,672 $359,336 $359,336
2015 $7,152 $617,000 $308,500 $308,500
2014 $6,913 $601,000 $300,500 $300,500
Source: Public Records

Agents Affiliated with this Home

  • Michael Peng Li

    Seller's Agent in 2024

    Michael Peng Li

    Goodview Financial & Real Estate

    (415) 559-7255

    3 in this area

    27 Total Sales

    Section Image

  • L

    Buyer's Agent in 2024

    Latief Bazaz

    Alliance Bay Realty

    (510) 742-6600

    4 in this area

    38 Total Sales

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Map

Source: MLSListings

MLS Number: ML81968626

MLSListings

APN: 022-45-008

California Santa Clara County Milpitas 95035

406 Terra Mesa Way, Milpitas, CA

This home is located at 406 Terra Mesa Way, Milpitas, CA 95035 since 06 June 2024 and is currently estimated at $1,259,545, approximately $814 per square foot. This property was built in 1992. 406 Terra Mesa 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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