NOT LISTED FOR SALE

450 Cascadita Terrace Milpitas, CA 95035

Estimated Value: $876,000 - $1,107,000

2 Beds
2.5 Baths
1,165 Sq Ft
$821/Sq Ft Est. Value

Last Sold September 25, 2012

Last sale price $370,000 $318 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $5,451/month

4 Days on Market

Highlights

  • Primary Bedroom Suite
  • Sauna
  • High Ceiling
  • Marshall Pomeroy Elementary School Rated A
  • End Unit
  • 4-minute walk to Dixon Landing Park

About This Home

As of September 2012

Well maintained, bright and airy townhome with high ceilings located close to easy freeway access. 2 bedrooms, each having their own bathrooms, balcony for BBQs, nice open floor plan. 2-car tandem garage with plenty of visitor parking. Pool/spa/children's play area. Low HOA dues of $150/mo. Milpitas Unified. Regular Sale.

Last Agent to Sell the Property

Jennifer Fisser

Zip Realty Inc License #00807651 Listed on: 07/27/2012

Last Buyer's Agent

Katherine Cipielewski

Zip Realty Inc License #01200227

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,331

Year Built

  • Built in 1992

Lot Details

  • End Unit

Parking

  • 2 Car Attached Garage
  • Tandem Parking
  • Guest Parking

Home Design

  • Slab Foundation
  • Clay Roof

Interior Spaces

  • 1,165 Sq Ft Home
  • High Ceiling
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Bathtub with Shower

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 022-47-012

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include landscaping / gardening, pool spa or tennis, management fee, reserves, roof, common area electricity, common area gas, exterior painting, insurance - common area

Amenities

  • Community Barbecue Grill
  • Sauna

Recreation

  • Community Playground
  • Community Pool

Security

  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,331

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Subclass: Townhouse
  • Sale Price Per Sq Ft: 317.60
  • Level Street Main: 2 or more Primary Suites
  • Listing Class: Residential
  • Structure Sq Ft: 1165
  • Barclay Horizontal: 36
  • Barclays Page: 16
  • Incorporated: Yes
  • Map Book Page: 793
  • Map Book Page Secondary: 16
  • Map Side Coordinate: 4
  • Map Side Coordinate Secondary: 84
  • Map Top Coordinate: J
  • Map Top Coordinate Secondary: 36
  • Thomas Bros Page: 793
  • Thomas Brothers: J4
  • Year Built: 1992
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Yes, Gas Log
  • Dining Room: Dining Area in Living Room, No Informal Dining Room
  • Kitchen: Dishwasher, Cooktop, Garbage Disposal, Refrigerator, Microwave, Oven - Built-In
  • Living Sq Ft: 1165
  • Security: Fire System - Sprinkler
  • Bedrooms: Primary Suite / Retreate - 2+
  • Laundry: In Garage, Dryer, Washer
  • Flooring: Tile, Carpet - Wall to Wall
  • Maximum Bathrooms: 3
  • Minimum Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Showers over Tubs - 2+, Tub in Primary Bedroom, Tubs - 2+, No Stall Shower

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Clay

Garage/Parking

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

Utilities

  • Cooling System: Central AC
  • Heating System: Forced Air, Gas

Condo/Co-op/Association

  • HOA Fees: 150
  • HOA Amenities: Playground, Community Pool, BBQ Area, Sauna / Spa / Hot Tub
  • HOA Documents: Articles of Incorporation, Bylaws, Budget, Financial Statement, Rules & Regulations
  • Association Fees Include: Landscaping / Gardening, Pool, Spa, or Tennis, Management Fee, Reserves, Roof, Common Area Electricity, Common Area Gas, Exterior Painting, Insurance - Common Area
  • Levels In Unit: 3
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Window Covering(s), Double Pane Windows(s), High Ceiling, Balcony/Patio

Lot Info

  • Parcel Number: 022-47-012
  • List Price per Sq Ft: 309.01
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 435.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 435.00
  • Lot Size Area Min Search: 435.00
  • Maximum Lot Size: 435.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Maximum Building Height: 3
  • Minimum Building Height: 1
  • Unit Features: End Unit

MLS Schools

  • High School District Text: Milpitas Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2012
Closed on
Sep 12, 2012
Sold by
Kolstad Mark A
Bought by
Arain Muzammil Arshad and Arain Huma Sharif
Seller's Agent
Jennifer Fisser
Zip Realty Inc
Buyer's Agent
Katherine Cipielewski
Zip Realty Inc
List Price
$360,000
Sold Price
$370,000
Premium/Discount to List
$10,000
2.78%
Current Estimated Value
$956,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$586,492
Avg. Annual Appreciation
7.53%
Original Mortgage
$296,000
Outstanding Balance
$204,626
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$751,866

Purchase Details

Closed on
Aug 25, 2003
Sold by
Kolstad Mark A and Kolstad John E
Bought by
Kolstad Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 1997
Sold by
Hammons Linhardt Sally J
Bought by
Kolstad Mark A and Kolstad John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.62%
Source: Public Records

Range of Values:

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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
Arain Muzammil Arshad $370,000 First American Title Company
Kolstad Mark A $60,000 Financial Title Company
Kolstad Mark A $197,500 Fidelity National Title Co
Kolstad Mark A -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arain Muzammil Arshad $296,000
Previous Owner Kolstad Mark A $120,000
Previous Owner Kolstad Mark A $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2012 09/25/12 Sold $370,000 +2.8% $318 / Sq Ft
07/31/2012 07/31/12 Pending -- -- --
07/27/2012 07/27/12 For Sale $360,000 -- $309 / 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 $5,331 $455,616 $227,808 $227,808
2024 $5,331 $446,684 $223,342 $223,342
2023 $5,315 $437,926 $218,963 $218,963
2022 $5,298 $429,340 $214,670 $214,670
2021 $5,223 $420,922 $210,461 $210,461
2020 $5,133 $416,606 $208,303 $208,303
2019 $5,076 $408,438 $204,219 $204,219
2018 $4,825 $400,430 $200,215 $200,215
2017 $4,765 $392,580 $196,290 $196,290
2016 $4,571 $384,884 $192,442 $192,442
2015 $4,525 $379,104 $189,552 $189,552
2014 $4,397 $371,678 $185,839 $185,839
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jennifer Fisser

    Zip Realty Inc

  • K

    Buyer's Agent in 2012

    Katherine Cipielewski

    Zip Realty Inc

See All Agents

Map

Source: MLSListings

MLS Number: ML81228272

MLSListings

APN: 022-47-012

California Santa Clara County Milpitas 95035

450 Cascadita Terrace, Milpitas, CA

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