NOT LISTED FOR SALE

516 Alvarez Common Milpitas, CA 95035

Estimated Value: $1,171,000 - $1,283,956

3 Beds
2.5 Baths
1,810 Sq Ft
$689/Sq Ft Est. Value

Last Sold August 28, 2024

Last sale price $1,255,000 $693 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,095/month

21 Days on Market

Highlights

  • Private Pool
  • Gated Community
  • Wood Flooring
  • Pearl Zanker Elementary School Rated A-
  • Clubhouse
  • Sauna

About This Home

As of August 2024

North-West Townhome inside a safe, gated and low HOA Terra Serena community. This generously appointed home features 1,810 SqFt living size, 3 bedrooms and 2.5 bathrooms plus a bonus room that can be used as an office downstairs. The bright and expansive living room is filled with lots of natural light, perfect for family gatherings, dual pane windows throughout. This modern kitchen boasts a brand new quartz island and countertops, abundant storage, freshly repainted cabinets, and a new sink and stove. Master suite with walk-in-closet and dual sink master bath. In-unit laundry room and 2 car side-by-side garage. Amenities including pool, spa, clubhouse, Children's Playground, tennis courts and basketball courts. Very close to the Great Mall, restaurants, and supermarkets. Easy commute being close to all freeways 237,880, 680, and BART. Don't miss this rare opportunity to own this beautiful home. Top rated Milpitas schools!

Last Agent to Sell the Property

Thao Dang

Block Change Real Estate License #70013767 Listed on: 07/10/2024

Block Change Real Estate

Co-Listed By

Peggy Wang

Block Change Real Estate License #02081527

Last Buyer's Agent

Yulia Goyal

VIP Premier Realty License #02200834

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2007

Lot Details

  • 436

HOA Fees

  • $423 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,810 Sq Ft Home
  • 2-Story Property
  • Dining Area
  • Washer and Dryer

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Private Pool
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 083-18-071

Community Details

Overview

  • Association fees include exterior painting, landscaping / gardening, management fee, pool spa or tennis, roof, security service, common area electricity, insurance - common area, common area gas, maintenance - common area
  • Terra Serena Association
  • Built by Terra Serena

Amenities

  • Community Barbecue Grill
  • Sauna
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Year Built

Built in 2007

Lot Details

0

HOA Fees

$423 per month

Parking

2

Listing Details

  • Subclass: Townhouse
  • Listing Class: Residential
  • Structure Sq Ft: 1810
  • Complex Name: Terra Serena
  • Incorporated: Yes
  • Year Built: 2007
  • Zoning Description: PUD
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area
  • Living Sq Ft: 1810
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Laminate, Carpet, Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

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: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 423
  • HOA Amenities: Club House, BBQ Area, Community Pool, Community Security Gate, Sauna / Spa / Hot Tub, Tennis Court / Facility
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Exterior Painting, Landscaping / Gardening, Management Fee, Pool, Spa, or Tennis, Roof, Security Service, Common Area Electricity, Insurance - Common Area, Common Area Gas, Maintenance - Common Area
  • H O A Name Text: Terra Serena
  • H O A Exist: Yes

Schools

  • High School: 293

Lot Info

  • Parcel Number: 083-18-071

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
Jul 10, 2024
Closed on
Aug 23, 2024
Sold by
Mara Sumanth Kumar and Mara Poonam
Bought by
Goel Nayan and Lonkar Grusha
Seller's Agent
Thao Dang
Block Change Real Estate
Buyer's Agent
Yulia Goyal
VIP Premier Realty
List Price
$1,268,000
Sold Price
$1,255,000
Premium/Discount to List
-$13,000
-1.03%
Views
17
Current Estimated Value
$1,246,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,261
Avg. Annual Appreciation
-0.49%
Original Mortgage
$1,105,000
Outstanding Balance
$1,092,255
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$154,484

Purchase Details

Closed on
Oct 12, 2020
Sold by
Chandran Ramesh and Chandran Sasikala Parvathyraj
Bought by
Mara Sumanth Kumar and Mara Poonam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$852,000
Interest Rate
2.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2015
Sold by
Vishwanathan Prem and Balasubramanian Divya
Bought by
Chandran Ramesh and Chandran Sasikala Parvathyraj

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 2, 2008
Sold by
Kb Home South Bay Inc
Bought by
Vishwanathan Prem and Balasubramanian Divya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Goel Nayan $1,255,000 Wfg National Title Insurance C
Mara Sumanth Kumar $1,065,000 Fidelity National Title
Chandran Ramesh $820,000 Old Republic Title Company
Vishwanathan Prem $505,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goel Nayan $1,105,000
Previous Owner Mara Sumanth Kumar $852,000
Previous Owner Chandran Ramesh $656,000
Previous Owner Vishwanathan Prem $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2024 08/28/24 Sold $1,255,000 -1.0% $693 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
07/10/2024 07/10/24 For Sale $1,268,000 -- $701 / 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 $13,683 $1,255,000 $627,500 $627,500
2024 $13,683 $1,130,186 $565,093 $565,093
2023 $13,683 $1,108,026 $554,013 $554,013
2022 $13,552 $1,086,300 $543,150 $543,150
2021 $13,340 $1,065,000 $532,500 $532,500
2020 $11,147 $887,592 $443,796 $443,796
2019 $11,012 $870,190 $435,095 $435,095
2018 $10,462 $853,128 $426,564 $426,564
2017 $10,319 $836,400 $418,200 $418,200
2016 $9,906 $820,000 $410,000 $410,000
2015 $6,687 $541,094 $324,657 $216,437
2014 $6,504 $530,496 $318,298 $212,198
Source: Public Records

Agents Affiliated with this Home

  • Thao Dang

    Seller's Agent in 2024

    Thao Dang

    Block Change Real Estate

    (408) 972-1367

    4 in this area

    194 Total Sales

    Thao Dang
    Section Image
  • Peggy Wang

    Seller Co-Listing Agent in 2024

    Peggy Wang

    Block Change Real Estate

    (408) 850-6900

    1 in this area

    38 Total Sales

    Peggy Wang
    Section Image

  • Y

    Buyer's Agent in 2024

    Yulia Goyal

    VIP Premier Realty

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81972597

MLSListings

APN: 083-18-071

California Santa Clara County Milpitas 95035

516 Alvarez Common, Milpitas, CA

Not Listed for Sale

Townhouses

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