NOT LISTED FOR SALE

478 Alvarez Common Milpitas, CA 95035

Estimated Value: $993,000 - $1,219,000

2 Beds
2 Baths
1,371 Sq Ft
$794/Sq Ft Est. Value

Last Sold April 21, 2021

Last sale price $1,008,000 $735 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,077/month

6 Days on Market

Highlights

  • Private Pool
  • Gated Community
  • Clubhouse
  • Pearl Zanker Elementary School Rated A-
  • Mountain View
  • Contemporary Architecture

About This Home

As of April 2021

Quiet And Bright Corner Lot With 2 Gorgeous Bedrooms,2 Full Baths Plus Bonus Room. Newly Painted Spacious 2 Car Side By Side Garage. Ideal Location In The Heart Of Silicon Valley. Open Floor Plan-Bright & Airy. High Ceilings. Recessed Lighting. Beautiful Mountain View Through Plenty Of Arch Windows With An Abundance Of Natural Light. Bonus Room on The First Level Can Be Used As a Home Office, Playroom, Gym Or Storage.Gourmet Kitchen With Gas Stove, Microwave & Oven, Refrigerator. Dramatic High Ceilings And An Extensive Living Room With Hardwood Flooring Thru out.Dining Area With New Chandelier.Spacious Master Suite With Vaulted Ceiling,Walk-In Closet. Private Patio With BBQ And Mountain Views. Double-Pane Windows. Ceiling Sprinklers.Inside Laundry Room.Washer & Dryer Stayed.Complex has club house/pool/hot tub. John McDermott Park & Tom Evatt Park Around The Complex. Minutes From Major High Tech Companies.Great Mall,VTA/BART Easy Access to Freeway 237/880/680. This is A+. Don't Miss!!!

Last Agent to Sell the Property

Gary Yip

Bay One Realty & Financial Service Inc License #00982230 Listed on: 03/04/2021

Last Buyer's Agent

Pratima Agarwal

Realty Spin License #01899429

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $12,596

Year Built

  • 2007

Lot Details

  • 1,420 Sq Ft Lot
  • Security Fence
  • Gated Home
  • Grass Covered Lot
  • Zero Lot Line

HOA Fees

  • $320 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Guest Parking

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,371 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • Combination Dining and Living Room
  • Den
  • Bonus Room
  • Security Gate
  • Attic

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Private Pool
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat
  • Separate Meters
  • Individual Gas Meter

Community Details

Overview

  • Association fees include common area electricity, common area gas, exterior painting, insurance - common area, insurance - hazard, maintenance - common area, management fee, pool spa or tennis, recreation facility, reserves, roof
  • Compass Management Group Association
  • Greenbelt

Amenities

  • Community Barbecue Grill
  • Sauna
  • Clubhouse

Recreation

  • Community Playground
  • Community Pool

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$12,596

Year Built

2007

Lot Details

0

HOA Fees

$320 per month

Parking

2

Listing Details

  • Zoning: PUD
  • Subclass: Townhouse
  • Style: Contemporary
  • Age: 14
  • Listing Class: Residential
  • Structure Sq Ft: 1371
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 2007

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area, Dining Area In Living Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 1371
  • Stories: 2
  • Security: Security Fence
  • Bedrooms: Walk-In Closet
  • Laundry: Electricity Hookup (220V), Inside, Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Additional Rooms: Attic, Bonus / Hobby Room, Den / Study / Office, Laundry Room
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Showers Over Tubs - 2+, Tub In Primary Bedroom, Updated Bath

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Yes
  • Roof: Tile
  • View: Mountains, Neighborhood
  • Yard/Grounds: Balcony / Patio, Low Maintenance
  • Fencing: Gate
  • Pool: Community Facility, Pool - Fenced, Spa / Hot Tub
  • Construction Type: Concrete

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Common Parking Area, Guest / Visitor Parking

Utilities

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

Condo/Co-op/Association

  • Complex Name: Terra Serena Owners Association
  • HOA Fees: 320
  • HOA Amenities: Bbq Area, Club House, Community Pool, Community Security Gate, Garden / Greenbelt / Trails, Playground, Sauna / Spa / Hot Tub
  • HOA Documents: Articles Of Incorporation, Budget, Bylaws, Cc&rs, Financial Statement, Minutes, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Common Area Gas, Exterior Painting, Insurance - Common Area, Insurance - Hazard, Maintenance - Common Area, Management Fee, Pool, Spa, Or Tennis, Recreation Facility, Reserves, Roof
  • HOA Exist: Yes
  • H O A Name Text: Compass Management Group

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Security Gate, Vaulted Ceiling, Walk-In Closet

Schools

  • School District: Milpitas Unified
  • Elementary School: Pearl Zanker Elementary
  • Middle School: Rancho Milpitas Junior High
  • High School: Milpitas High
  • High School: 293
  • Elementary School: 290
  • Middle School: 283

Lot Info

  • Lot Description: Zero Lot Line
  • Lot Acres: 0.0326
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1422.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1422.00

Green Features

  • Energy Features: Double Pane Windows, Thermostat Controller

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Maximum Building Height: 2
  • Minimum Building Height: 2
  • Unit Features: Corner Unit, Unit Faces Common Area

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2021
Closed on
Apr 15, 2021
Sold by
Lee Sung Joon and Lee Eun Chin
Bought by
Dakshinamurthy Sanjay
Seller's Agent
Gary Yip
Bay One Realty & Financial Service Inc
Buyer's Agent
Pratima Agarwal
Realty Spin
List Price
$878,000
Sold Price
$1,008,000
Premium/Discount to List
$130,000
14.81%
Current Estimated Value
$1,088,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,192
Avg. Annual Appreciation
1.71%
Original Mortgage
$816,000
Outstanding Balance
$737,339
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$350,853

Purchase Details

Closed on
Dec 13, 2012
Sold by
Chin Lee Sung Joon and Chin Lee Eun
Bought by
Chin Lee Sung Joon and Chin Lee Eun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2008
Sold by
Kb Home South Bay Inc
Bought by
Chin Lee Sung Joon and Chin Lee Eun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,836
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
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
Dakshinamurthy Sanjay $1,008,000 Fidelity National Title
Chin Lee Sung Joon -- Fidelity National Title Co
Chin Lee Sung Joon $452,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dakshinamurthy Sanjay $816,000
Previous Owner Chin Lee Sung Joon $387,000
Previous Owner Chin Lee Sung Joon $406,836
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2021 04/21/21 Sold $1,008,000 +14.8% $735 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $878,000 -- $640 / 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 $12,596 $925,000 $462,500 $462,500
2024 $12,596 $1,035,000 $517,500 $517,500
2023 $12,596 $910,000 $455,000 $455,000
2022 $12,866 $1,028,160 $514,080 $514,080
2021 $7,088 $537,839 $268,920 $268,919
2020 $6,964 $532,325 $266,163 $266,162
2019 $6,878 $521,889 $260,945 $260,944
2018 $6,542 $511,657 $255,829 $255,828
2017 $6,450 $501,625 $250,813 $250,812
2016 $6,191 $491,791 $245,896 $245,895
2015 $6,122 $484,405 $242,203 $242,202
2014 $5,954 $474,917 $237,459 $237,458
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Gary Yip

    Bay One Realty & Financial Service Inc

    (408) 828-0381

    4 in this area

    44 Total Sales

    Gary Yip
    Section Image
  • Pratima Agarwal

    Buyer's Agent in 2021

    Pratima Agarwal

    Realty Spin

    (650) 394-7746

    1 in this area

    27 Total Sales

    Pratima Agarwal
    Section Image
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Map

Source: MLSListings

MLS Number: ML81832611

MLSListings

APN: 083-18-076

California Santa Clara County Milpitas 95035

478 Alvarez Common, Milpitas, CA

This home is located at 478 Alvarez Common, Milpitas, CA 95035 since 04 March 2021 and is currently estimated at $1,088,192, approximately $793 per square foot. This property was built in 2007. 478 Alvarez Common is a home located in Santa Clara County with nearby schools including Pearl Zanker Elementary School, Rancho Milpitas Middle School, and Milpitas High School.

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