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1611 Mercado Way

1611 Mercado Way, San Jose, CA 95131
Property in Berryessa
Sold Sep 17, 2021
$1,115,000
$800,000 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2051
Sold Oct 24, 2018
$920,000
$400,000 by Provident Funding Associates L
Mortgage Due Nov 01, 2033
1611 Mercado Way has been categorized by the local assessors in San Jose, CA as a residential type of property. The building on the property was first built in 2014 and is 10 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 1611 Mercado Way has 1,481 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 1,700 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. The property was last sold in Sep 15, 2021 for $1,115,000. That's $752.87 per sqft. Prior to that sales transaction, the property was also sold in Oct 19, 2018 for $920,000. 1611 Mercado Way was last assessed in 2023. The total value of the property was assessed at $970,000. Specifically, the land the property is located on was valued at $485,000. While improvements on the property were assessed at a total of $485,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $15,842. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Floor Count: 3
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 1,700
  • Total Building Area: 1,481
  • Gross Building Area: 171
  • Building Area: 1,481
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,481
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT 10160
  • Land Acres: 0.039
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT 10160 LOT 70

Ownership

  • Current Owner : CAO LIANG
  • Previous Owner : LIU MAN KIN
  • Previous Owner 2: CHIU WAI KI
  • Owner Before Previous Owner: FU TIANYU
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Berryessa Union Elementary School District
  • Census Tract: 504311

Zoning

  • Zoning: APD

Geography

  • Subdivision Tract Number: 10160
  • Parcel: 241-43-070
  • Lot: 70
  • Municipality: SAN JOSE
  • Latitude: 37.3728
  • Longitude: -121.879

    Address

  • Full Address: 1611 Mercado Way
  • Address - House Number: 1611
  • Address - Street Name: Mercado
  • Address - Suffix Type: Way
  • State: CA
  • City Name: San Jose
  • Carrier Code: C040
  • 4-Digit Zip Code: 4013
  • Zip Code: 95131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,842
  • Tax Rate Code Area: 17-010

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 75
  • Final Value: 1,074,731
  • High Value: 1,273,736
  • Low Value: 875,727

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $800,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 17, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $800,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $970,000
  • Assessed Land Value: $485,000
  • Assessed Improvements Value: $485,000

    Sales

  • Current Sale Contract Date: Sep 15, 2021
  • Current Sale Recording Date: Sep 17, 2021
  • Current Sale Transaction ID: 11855908411
  • Current Sale Price: $1,115,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25104372
  • Previous Sale Recording Date: Oct 24, 2018
  • Previous Sale Contract Date: Oct 19, 2018
  • Previous Sale Amount: $920,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 17, 2021
  • First Mortgage Loan Amount: $800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: PROVIDENT FUNDING ASSOCIATES L
  • Previous Mortgage Transaction Date: Oct 24, 2018
  • Previous Mortgage Loan Amount: $400,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2033

About Berryessa



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 1611 Mercado Way located in?
The 1611 Mercado Way is a located in the neighborhood of Berryessa in Berryessa, San Jose.
What is the average sales price for listings in 1611 Mercado Way?
The average sales price for units in 1611 Mercado Way is $0 currently.

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