Check Availability

281 Silvera Street

281 Silvera Street, Milpitas, CA 95035
Property in Santa Clara
Sold Apr 10, 2020
$1,132,500
$1,011,000 by Loandepot.com Llc
Mortgage Due Jan 01, 2052
Sold Oct 12, 2010
$170,000
$340,000 by Amtrust Bank
Mortgage Due Nov 01, 2040
Local assessors in Milpitas, CA have categorized 281 Silvera Street as a residential type of property. The home was built in 1959 and is 65 years old. The property's lot size has been calculated to be 6,435 square feet. The linear feet between the front and back of the lot was measured at 990 ft and the front of the lot was measured at 650 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 281 Silvera Street has a total of 1,253 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 456 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. The home's a heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 281 Silvera Street sold most recently in Apr 3, 2020 for a total of $1,132,500. If you work out the math, that's approximately a cost of $903.83 per sqft. Before that, the property was also sold for $170,000 in Oct 4, 2010. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $14,038 in taxes each year. 281 Silvera Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,189,933. If we break it down further, the land itself was valued at $998,618. Improvements to the property, however, were assessed at a total of $191,315. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 456
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,435
  • Lot Size Depth Feet: 990
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,253
  • Gross Building Area: 1,253
  • Building Area: 1,253
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,253
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MILPITAS MANOR
  • Land Acres: 0.148
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MILPITAS MANOR LOT 300

Ownership

  • Current Owner : AGGARWAL ALOK
  • Current Owner 2: SINGH TARUCHHAYA
  • Previous Owner : CHEN RICHARD CHUNG KAI
  • Previous Owner 2: WANG JUN
  • Owner Before Previous Owner: CHEN ROCCO
  • Owner Before Previous Owner 2: CHEN RICHARD CHUNG KAI
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Milpitas Unified School District
  • Census Tract: 504507

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 2089
  • Parcel: 022-21-024
  • Municipality: MILPITAS
  • Latitude: 37.433
  • Longitude: -121.916

    Address

  • Full Address: 281 Silvera St
  • Address - House Number: 281
  • Address - Street Name: Silvera
  • Address - Suffix Type: St
  • State: CA
  • City Name: Milpitas
  • Carrier Code: C001
  • 4-Digit Zip Code: 4101
  • Zip Code: 95035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,038
  • Tax Rate Code Area: 12-003

    Appraisal Valuation

  • Standard Deviation: 0.2067
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 72
  • Final Value: 1,465,496
  • High Value: 1,768,449
  • Low Value: 1,162,543

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,011,000
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Dec 28, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,011,000
  • 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: Jan 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,189,933
  • Assessed Land Value: $998,618
  • Assessed Improvements Value: $191,315

    Sales

  • Current Sale Contract Date: Apr 03, 2020
  • Current Sale Recording Date: Apr 10, 2020
  • Current Sale Transaction ID: 11754226701
  • Current Sale Price: $1,132,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24452424
  • Previous Sale Recording Date: Oct 12, 2010
  • Previous Sale Contract Date: Oct 04, 2010
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Apr 10, 2020
  • First Mortgage Loan Amount: $765,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: AMTRUST BANK
  • Previous Mortgage Transaction Date: Oct 12, 2010
  • Previous Mortgage Loan Amount: $340,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2040

About Milpitas



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1206 N Abbott Ave, Milpitas, CA, 95035

$4,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,143 ft²
1206 N Abbott Ave, Milpitas, CA, 95035 Listing by Carlos Rodriguez

Frequently Asked Questions

What neighborhood is 281 Silvera Street located in?
The 281 Silvera Street is a located in the neighborhood of Santa Clara in Milpitas, Milpitas.
What is the average sales price for listings in 281 Silvera Street?
The average sales price for units in 281 Silvera Street is $0 currently.

Quantcast