1101 S Main Street 212, Milpitas, California 95035, Milpitas, 95035 - 2 bed, 2 bath
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Milpitas, California 95035
This Below Market Rate (BMR) Condominium is a High-Potential Investment Opportunity for qualified residents, listed at $507,604—positioned well below the $586,391 Fair Market Value by 13%. This valuation gap offers $78,787 in Instant Equity for eligible households. Boasting a Condition Rating of 3, the interior features granite countertops, stainless steel appliances, and a resort-style pool and spa. Located near BART and the 9/10 rated Milpitas High School, this home provides a premium lifestyle at an accessible entry point. It is a perfect match for income-eligible households and first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1101 S Main Street 212 Subject | $507,604* List Price | 2 | 2 | 1,015 | $578 | - |
A 284 Rio Verde Place 3 Sold | $550,000 | 2 | 1 | 882 | $624 | 1.0 mi |
B 45 Parc Place Dr Active | $475,000 List Price | 2 | 3 | 1,192 | $398 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this property is within the 10-20 year age range for a 'good' rating. It is move-in ready with updated flooring, well-maintained granite countertops, and functional stainless steel appliances. The overall condition shows minimal wear and tear, and the resort-style community amenities are in excellent shape.
High School: Milpitas High School (9/10).
Ideally situated near the Great Mall, BART, and major commute routes, providing exceptional accessibility for Bay Area professionals.
The Centria community offers premium amenities including a fitness center, pool, spa, and secure entry, enhancing the overall lifestyle value.
The 55-year BMR resale restriction and strict income/first-time buyer eligibility significantly limit the pool of potential buyers and future appreciation.
At $708 per month, the association fee is relatively high, which may impact the monthly debt-to-income ratio for qualifying buyers.
Bright and welcoming 2-bedroom, 2-bath condo in the desirable Centria community of Milpitas. Unit 212 offers an open-concept layout with natural light, granite countertops, ample cabinetry, stainless steel appliances, and seamless flow between the kitchen, dining, and living spaces. The comfortable floor plan includes a spacious primary suite, a versatile second bedroom, updated flooring, and an easy indoor-outdoor feel created by expansive windows. Enjoy resort-style amenities including secure entry, fitness center, pool, spa, playground, and BBQ areas. HOA covers water and garbage. Ideally located near The Great Mall, parks, BART, and major commute routes, this is a rare opportunity for eligible buyers to enjoy comfort, convenience, and value in a well-connected Silicon Valley location. "This Below Market Rate (BMR) property is subject to City of Milpitas resale restrictions for 55 years. Applicants must be first-time homebuyers, income-eligible, and program-qualified. It is important to review the BMR program qualifications and guidelines at before beginning the process. Applicants are required to attend a BMR Home Buyer Orientation and must register a household profile.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 1.9 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,015 | 1,032.5 | 50% |
| Lot Size | - | 556 | 42% |
| Price | $507.6K | $657.5K | 17% |
| Price per sq ft | $500 | $653 | 8% |
| Built year | 2007 | 1993 | 50% |
| HOA | $708.0 | $564 | 92% |
| Days on market | 13 | 127 | 8% |
Apr 9, 2026
$507,604
Initial Listing
Sep 10, 2013
$323,000
Public Record
Jul 15, 2008
$299,000
Public Record