NOT LISTED FOR SALE

881 Towne Dr Milpitas, CA 95035

Estimated Value: $1,076,556 - $1,377,000

3 Beds
3.5 Baths
1,404 Sq Ft
$826/Sq Ft Est. Value

Last Sold April 08, 2016

Last sale price $790,000 $563 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $6,849/month

5 Days on Market

Highlights

  • Private Pool
  • 2 Car Attached Garage
  • Open Floorplan
  • Mabel Mattos Elementary School Rated A
  • Forced Air Heating and Cooling System
  • Gas Fireplace

About This Home

As of April 2016

Bright & beautiful 3 bedroom & 3.5 bath townhome located in the heart of the Silicon Valley. Total 3 suites. Corner end unit. Walking distance to Light Rail, Bus, Great Mall, Cinema, restaurants and shops., 2 Car Garage , beautiful playgrounds, club house, swimming pool,hot tub. laundry room in unit. Attached 2-car garage. Fwy 880/680/237.

Last Agent to Sell the Property

Gary Lin

Shellwood Investment License #01302409 Listed on: 02/26/2016

Last Buyer's Agent

Srinivasa Myneni

Legacy Real Estate & Assoc. License #01953963

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2000

Lot Details

  • 2,265

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,404 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Open Floorplan

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Private Pool
  • 2,265 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 086-50-074

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area electricity, common area gas, exterior painting, insurance - common area, landscaping / gardening, maintenance - common area, maintenance - exterior, pool spa or tennis
  • Parc Metropolitan HOA

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Year Built

Built in 2000

Lot Details

2,265 Sq Ft Lot

Parking

2

Listing Details

  • Subclass: Townhouse
  • Listing Class: Residential
  • Structure Sq Ft: 1404
  • Year Built: 2000
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning
  • Dining Room: Dining Area in Family Room, Dining Area in Living Room
  • Living Sq Ft: 1404
  • Stories: 3
  • Full Bathrooms: 3
  • 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 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
  • Association Fees Include: Common Area Electricity, Common Area Gas, Exterior Painting, Insurance - Common Area, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Pool, Spa, or Tennis
  • H O A Name Text: Parc Metropolitan HOA
  • H O A Exist: Yes

Lot Info

  • Parcel Number: 086-50-074
  • Lot Acres: 0.0520
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2279.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2279.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Milpitas Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2017
Sold by
Mahalingam Kalyanasundaram and Rajaraman Kalyani
Bought by
Mahalingam Kalyanasundaram and Rajaraman Kalyani
Current Estimated Value
$1,159,889

Purchase Details

Listed on
Feb 26, 2016
Closed on
Mar 23, 2016
Sold by
Chen Tien Min and Pan Yi Jen
Bought by
Mahalingam Kalyanasundaram and Rajaraman Kalyani
Seller's Agent
Gary Lin
Shellwood Investment
Buyer's Agent
Srinivasa Myneni
Legacy Real Estate & Assoc.
List Price
$749,000
Sold Price
$790,000
Premium/Discount to List
$41,000
5.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.95%
Original Mortgage
$459,000
Outstanding Balance
$364,019
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$795,870

Purchase Details

Closed on
Apr 12, 2010
Sold by
Zhang Wei
Bought by
Chen Tien Min and Pan Yi Jen

Purchase Details

Closed on
Apr 6, 2006
Sold by
Desai Dilan R and Desai Tanya B
Bought by
Zhang Wei

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
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2004
Sold by
Mi Susanna H
Bought by
Desai Dilan R and Desai Tanya B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,800
Interest Rate
3.24%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 26, 2002
Sold by
Rgcclpo Development Co Llc
Bought by
Mi Susanna H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.8%

Purchase Details

Closed on
Feb 22, 2002
Sold by
Chan Paul
Bought by
Mi Susanna H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mahalingam Kalyanasundaram -- None Available
Mahalingam Kalyanasundaram $790,000 First American Title Company
Chen Tien Min $432,000 Chicago Title Company
Zhang Wei $635,000 Chicago Title Company Cu
Desai Dilan R $466,000 Fidelity National Title Ins
Mi Susanna H $415,000 North American Title Co
Mi Susanna H -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahalingam Kalyanasundaram $459,000
Previous Owner Zhang Wei $417,000
Previous Owner Desai Dilan R $372,800
Previous Owner Mi Susanna H $300,700
Closed Mi Susanna H $72,800
Closed Desai Dilan R $46,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2016 04/08/16 Sold $790,000 +5.5% $563 / Sq Ft
03/03/2016 03/03/16 Pending -- -- --
02/26/2016 02/26/16 For Sale $749,000 -- $533 / Sq Ft
Source: MLSListings

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 $10,703 $935,192 $467,596 $467,596
2024 $10,703 $916,856 $458,428 $458,428
2023 $10,671 $898,880 $449,440 $449,440
2022 $10,630 $881,256 $440,628 $440,628
2021 $10,478 $863,978 $431,989 $431,989
2020 $10,296 $855,120 $427,560 $427,560
2019 $10,178 $838,354 $419,177 $419,177
2018 $9,664 $821,916 $410,958 $410,958
2017 $9,541 $805,800 $402,900 $402,900
2016 $5,546 $471,051 $259,078 $211,973
2015 $5,491 $463,976 $255,187 $208,789
2014 $5,339 $454,889 $250,189 $204,700
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Gary Lin

    Shellwood Investment

    (408) 398-2575

    15 Total Sales

    Gary Lin
    Section Image

  • S

    Buyer's Agent in 2016

    Srinivasa Myneni

    Legacy Real Estate & Assoc.

    (415) 640-5406

    21 Total Sales

    Srinivasa Myneni
    Section Image
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Map

Source: MLSListings

MLS Number: ML81562478

MLSListings

APN: 086-50-074

California Santa Clara County Milpitas 95035

881 Towne Dr, Milpitas, CA

Not Listed for Sale

Townhouses

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