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295 Rio Verde Place 4, Milpitas, California 95035, Milpitas, 95035 - 3 bed, 1 bath

295 Rio Verde Place 4, Milpitas, California 95035 home-pic-0
ACTIVE$695,000
295 Rio Verde Place 4, Milpitas, California 95035
3Beds
1Bath
1,050Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Middle School: Thomas Russell Middle School (9/10). High School: Milpitas High School (9/10).
Top Cons:
Tenant-Occupied with Lease Restrictions: The property is currently tenant-occupied, and the existing lease will transfer to the new owner without immediate rent adjustment for the lease period, which may limit options for owner-occupants or investors seeking immediate market-rate rental income.

Compared to the nearby listings

Price:$695.0K vs avg $700.0K ($-5,000)47%
Size:1,050 sqft vs avg 1,050 sqft50%
Price/sqft:$662 vs avg $66647%

More Insights

Built in 1971 (54 years old).
Condition: This property has undergone extensive recent renovations, with many key components being 'brand new' (laminated floors, recessed lights, shower, wall, vanity, closet doors, interior paint, custom closet). The kitchen was remodeled 5 years ago and features modern white shaker cabinets, dark countertops, subway tile backsplash, and stainless steel appliances, all in excellent condition. The bathroom is 'brand new' with contemporary fixtures and finishes. Dual-pane windows are also 5 years old. Despite the 1971 build year of the building, the unit itself presents as virtually new and meets current quality standards, aligning perfectly with the 'extensively renovated within 5 years' criteria for an 'excellent' rating.
Year Built
1971
Close
-
List price
$695K
Original List price
$695K
Price/Sqft
$662
HOA
$603
Days on market
-
Sold On
-
MLS number
ML82017943
Home ConditionExcellent
Features
View-

About this home

Welcome to NorthEast facing on Rarely found 3 bedroom affordable condo in convenient location Remodeled with *Brand new laminated floors, * Brand new recessed lights * Brand new Shower, wall, vanity *Brand new closet doors * Custom closet *Brand new interior paint * Remodeled kitchen (5yrold) * Dual pane windows (5ys old) *Included ceiling fans/lights * Refrigerator *Stove & Oven *Dish washer *Microwave *1-car garage, 1-car driveway parking space,1 extra storage room, plenty of parking in community* Laundry in building shared w/ 3 neighbors *Upstairs unit w/ nice view, secured & privacy *Community pool & playground/park *Good schools: score 8/9/9 *Walking distance to shops, good restaurants *Near Milpitas Square, McCarthy Ranch, Great Mall, BART station *Easy access to Hwy 237,880,680,101*Short commute to many tech companies, close to San Jose Airport *HOA covers water bill *NOT in flood zone * NOTE * * This property can be sold as Tenant occupied and tenant will be transferred to new owner with no change in rent for the lease period * It is best suitable for smaller family with 2-3 members in family. HOA covers hot and cold water and garbage. . Owner has plan to sell this property with Tenants.

Nearby schools

7/10
Anthony Spangler Elementary School
Public,•K-6•0.4mi
9/10
Thomas Russell Middle School
Public,•7-8•2.1mi
9/10
Milpitas High School
Public,•9-12•1.9mi
Condition Rating
Excellent
This property has undergone extensive recent renovations, with many key components being 'brand new' (laminated floors, recessed lights, shower, wall, vanity, closet doors, interior paint, custom closet). The kitchen was remodeled 5 years ago and features modern white shaker cabinets, dark countertops, subway tile backsplash, and stainless steel appliances, all in excellent condition. The bathroom is 'brand new' with contemporary fixtures and finishes. Dual-pane windows are also 5 years old. Despite the 1971 build year of the building, the unit itself presents as virtually new and meets current quality standards, aligning perfectly with the 'extensively renovated within 5 years' criteria for an 'excellent' rating.
Pros & Cons

Pros

Great Schools: Middle School: Thomas Russell Middle School (9/10). High School: Milpitas High School (9/10).
Extensive Recent Upgrades: The condo boasts significant recent renovations including brand new laminated floors, recessed lights, shower, vanity, closet doors, interior paint, and a custom closet. Additionally, the kitchen was remodeled 5 years ago, and dual-pane windows were installed, offering a modern and move-in ready living space.
Prime Location & Accessibility: Strategically located with walking distance to shops and restaurants, close proximity to major retail hubs (Milpitas Square, McCarthy Ranch, Great Mall), BART station, and easy access to multiple freeways (237, 880, 680, 101), making it ideal for tech commutes and travel via San Jose Airport.
Top-Rated School District: The property is situated within a highly-regarded school district, featuring schools with impressive ratings (8/9/9), which is a significant draw for families.
Valuable Community Amenities & HOA Inclusions: Residents benefit from community amenities such as a pool and playground/park. The HOA covers hot/cold water and garbage, reducing monthly living expenses and adding value.
Ample Parking & Storage: The unit includes a dedicated 1-car garage, a 1-car driveway parking space, and an additional storage room, complemented by plenty of community parking, addressing common urban parking challenges.

Cons

Tenant-Occupied with Lease Restrictions: The property is currently tenant-occupied, and the existing lease will transfer to the new owner without immediate rent adjustment for the lease period, which may limit options for owner-occupants or investors seeking immediate market-rate rental income.
Shared Laundry Facilities: Laundry services are shared with three other neighbors in the building, which may be less convenient compared to properties with in-unit laundry.
Building Age (1971): While the interior has seen extensive updates, the building itself was constructed in 1971. This could imply older infrastructure in common areas or potential for future maintenance assessments, despite current renovations within the unit.

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