1483 Mercury Court, Milpitas, California 95035, Milpitas, 95035 - 4 bed, 3 bath
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Milpitas, California 95035
This property presents a High-Potential Investment Opportunity with a List Price of $1,499,888—positioned well below the $1,561,576 Fair Market Value by 3%. This valuation gap offers $61,688 in Instant Equity. Featuring a 4-bedroom, 3-bathroom layout with an attached ADU, the home offers significant rental income potential. Despite a Condition Rating of 4, the expansive 7,500 sqft lot and proximity to top-rated Milpitas High School provide a solid foundation for value-add renovations. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1483 Mercury Court Subject | $1,499,888* List Price | 4 | 3 | 1,694 | $922 | - |
A 329 Carnegie Drive Sold | $1,285,000 | 4 | 2 | 1,273 | $1,009 | 0.1 mi |
B 1601 Big Bend Drive Sold | $1,260,000 | 3 | 2 | 1,176 | $1,071 | 0.3 mi |
C 243 S Park Victoria Dr Sold | $1,500,000 | 4 | 3 | 2,001 | $750 | 0.3 mi |
D 320 Monmouth Dr Sold | $1,290,000 | 4 | 2 | 1,154 | $1,118 | 0.1 mi |
E 300 N Park Victoria Drive Sold | $1,225,000 | 4 | 2 | 1,219 | $1,005 | 0.7 mi |
F 586 Old Evans Road Sold | $1,500,000 | 3 | 2 | 1,468 | $1,022 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955 with interior renovations (kitchen/baths) that appear to be 20-25 years old. The property is functional but dated, and the listing description explicitly calls for renovation ideas and creative vision. Additionally, the exterior wooden decking shows significant warping and potential safety issues, requiring repair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1694.
High School: Milpitas High School (9/10).
The property features an attached 1-bedroom, 1-bathroom ADU with a separate entrance, offering a versatile opportunity for rental income or multigenerational living.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The home is marketed as a project requiring creative vision and updates, which may necessitate a substantial additional investment of time and capital.
Built in 1955, the property likely requires modernization of major systems and structural elements to meet contemporary living standards and energy efficiency.
Unlock the potential of this property with your own renovation ideas and creative vision. Step inside, and youll be greeted by a spacious living room that seamlessly flows into the formal dining area. The bright open kitchen is adjacent to the laundry room. The spacious downstairs primary bedroom with an adjacent full bathroom. Upstairs, you'll find two spacious bedrooms and an updated full bathroom. The attached 1-bedroom, 1-bathroom ADU with a separate entrance is perfect for multigenerational living or buyers looking to generate rental income and build equity. Step outside and enjoy the expansive backyard with fruit trees and a charming patio, ideal for family gatherings. Great location within walking distance to highly rated schools: Alexander Rose Elementary, Rancho Milpitas Middle, and Milpitas High. Just minutes from shopping and dining at Beresford Square, along with parks, cafes, and easy access to major freeways including 680, 880, and 237. Dont miss this opportunity to create a home that fits your lifestyle in a sought-after Milpitas neighborhood.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.1 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,694 | 1,860 |
| Lot Size | 7,500 | 4,515 |
| Price | $1.50M | $1.65M |
| Price per sq ft | $885 | $931 |
| Built year | 1955 | 1977 |
| HOA | $0 | $188 |
| Days on market | 14 | 33 |
Jul 8, 2026
$1,499,888
Initial Listing