Property Overview:
198 Parc Place Dr and 516 Alvarez Cmn are townhouse-style condominiums located in Milpitas, CA 95035, built in 2005 and 2007 respectively.
- 198 Parc Place Dr: 2 bedrooms, 1.5 bathrooms, 1,031 sq. ft., 2-car tandem garage.
- 516 Alvarez Cmn: 3 bedrooms, 2.5 bathrooms, 1,810 sq. ft., 2-car side-by-side garage plus bonus room.
- Both homes feature modern upgrades, granite/quartz countertops, in-unit laundry, hardwood/Pergo floors, and central A/C.
- HOA: Low monthly fees, including water and trash removal.
- Community amenities: Pool, spa, clubhouse, playground, tennis courts, basketball courts (Terra Serena community).
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 8% (lower than state average of 11.8%).
- Property crime risk: 7.9% (lower than state average of 10.8%).
- Overall crime risk is low.
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Schools:
- Top-rated nearby schools: Pearl Zanker Elementary, Rancho Milpitas Middle, Milpitas High, Anthony Spangler Elementary, Calaveras Hills.
- Average SAT score: 1015 (higher than state average of 975).
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Job Market:
- 62.2% white-collar jobs, 37.8% blue-collar jobs.
- Unemployment rate: 3.4% (lower than state average of 4.7%).
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Demographics:
- Community population: 58,229 (25% growth since 2000).
- 80% families with children.
- Largest age groups: 25-34 years (16.33%), 35-44 years (16.32%).
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Natural Disaster Risk:
- Very high earthquake risk, very low tornado risk, moderate to high flood risk.
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Weather:
- Average temperature: 45.2°F (January), 76.9°F (July).
- Average rainfall: 10.7 inches/year.
- No snowfall.
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Cost of Living:
- Median household income: $98,135.
- Average annual spending: $67,221.
Property Features:
- Modern upgrades: Granite/quartz countertops, dishwasher, washer/dryer, garbage disposal, hardwood/Pergo floors.
- Spacious layouts:
- 198 Parc Place Dr: 2-story, 2BD/1.5BA, 2-car tandem garage.
- 516 Alvarez Cmn: 3BD/2.5BA, bonus room/office, 2-car side-by-side garage.
- Move-in ready: Recently painted, carpets shampooed.
- Central A/C and heating.
- Dual pane windows, recessed lighting.
- Community amenities: Pool, spa, clubhouse, playground, tennis/basketball courts.
- Low HOA fees (includes water and trash).
- No rental restrictions (for some units).
- Safe, quiet, gated communities.
Location Benefits:
- Prime Silicon Valley location:
- Walking distance to Great Mall, VTA Light Rail, restaurants, movie theater, Home Depot, supermarkets.
- Easy access to Hwy 880/680/237 and future BART station.
- Close to major tech companies and public amenities.
- Excellent for commuters and families.
- Top-rated Milpitas schools nearby.
- Strong resale value and high demand area.