Score
0Milpitas, CA
173 Summerwind Dr
4K
4 beds
3 baths
1,886 sqft
4 bd • 3 ba • 1,886 sf
This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$4,340
Price/Sq.Ft
$2
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Ideal Location: The property's location in Milpitas, CA, places it in the heart of Silicon Valley, near major tech employers and transportation networks. This makes it attractive for tech professionals and those seeking a convenient location.
• Good Size for Families: With 4 bedrooms and 3 bathrooms, the property provides ample space for growing families and individuals who require extra living and storage space. The 1,886 sqft is a decent size for the area.
• Strong Rental Income Potential: The estimated rental rate for a 4-bedroom home in Milpitas is $4100/month, indicating a strong rental income potential for investors. This can provide a good return on investment and help offset mortgage costs.
• High Median Income Area: The median income in Milpitas is $149,223, suggesting a relatively affluent community. This can lead to consistent demand for housing and potentially higher property values over time.
• Proximity to Amenities: Milpitas offers various shopping, dining, and recreational options, making it a convenient place to live. The location provides easy access to major freeways and public transportation.
The Bad
• Unrealistic Listing Price: The listing price of $4,340 is clearly a placeholder and not reflective of the actual market value. The price per sqft of $2.30 is also highly unrealistic for Milpitas.
• Lack of Property Details: There is no property description or room details available, making it difficult to assess the property's condition, features, and layout. This lack of transparency is concerning.
• No Utility Information: The absence of utility information makes it difficult to estimate monthly expenses and evaluate the efficiency of the property's systems.
• High Competition: The limited inventory and high demand in Milpitas mean buyers will likely face intense competition and may need to make offers quickly and potentially over the asking price. This can be stressful and financially demanding for buyers.
• Potential for High Initial Costs: Based on market conditions, buyers should expect to pay substantially more than the listing price. The lack of detail on the property also means that initial repair and upgrade costs could be high.
The Ugly
• Potential for Significant Hidden Costs: The lack of property description, room details, and utility information makes it impossible to determine the property's actual condition. This could lead to unexpected repair and maintenance costs that could be substantial. Buyers should factor in an additional 5-10% of the property value for potential repairs and upgrades.
• High Property Taxes: As a result of the high home values in Milpitas, initial property taxes on a new purchase will be significant, adding to the overall monthly cost. Buyers must factor in this significant cost into their budget.
• Earthquake and Flood Risk: Milpitas is located in an area prone to earthquakes and some parts are in flood zones. Buyers must obtain appropriate insurance and take necessary precautions, which can increase the overall cost of ownership. Earthquake insurance is a necessary but costly addition to home ownership costs in this area.
• Aircraft Noise Potential: The property's proximity to San Jose International Airport could lead to significant aircraft noise, which can impact the quality of life. This is a major concern for noise-sensitive individuals and should be taken into account before purchasing.
• Market Volatility and Overbidding: The market's heavy reliance on the tech industry can lead to market volatility, and the limited inventory and high demand often lead to overbidding, making it challenging for buyers to secure a property at a reasonable price. This can be a very stressful and expensive process.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Growing Families: The 4-bedroom, 3-bathroom layout is ideal for families needing ample living space, and the close proximity to schools in Milpitas makes it an attractive option for families with children.
• Tech Professionals: Given Milpitas's location in Silicon Valley, this property is well-suited for tech professionals seeking a home near major employers, with the added benefit of easy access to transportation networks.
• Long-Term Investors: While the price per square foot is slightly higher than the market average, the property's strong rental income potential (estimated $4100/month) and location in a high-demand area make it a solid long-term investment. Assuming a 6% cap rate, this property could generate $31,248 annually, making it attractive for investors.
• Buyers Seeking a Central Location: The property's location in Milpitas provides easy access to major freeways, public transportation, and various shopping and dining options, making it suitable for individuals who value convenience and accessibility.
Not For
• First-Time Homebuyers with Limited Budgets: Due to the high cost of real estate in Milpitas and the likelihood of having to pay above the asking price, this property may not be suitable for first-time homebuyers with limited financial resources, as the down payment and monthly mortgage payments will be substantial.
• Buyers Seeking a Low-Maintenance Property: Given that there is no description of the property's age or condition, it's possible that there will be a need for repairs and upgrades. Buyers seeking a turnkey property may find this property challenging.
• Individuals Sensitive to Noise: The proximity to San Jose International Airport could mean potential aircraft noise, making this property unsuitable for noise-sensitive individuals.
• Buyers Seeking a Quiet Rural Setting: Milpitas is a densely populated area with significant development and traffic, making it unsuitable for those seeking a quiet or rural environment.
Demographics
Area Median Income
$149,223
Property History
Price History
Ownership Timeline
$0Cash Purchase
Apr 14, 2015Prasanth Pala, Ragaranjani PalaPrasanth Pala & Ragaranji Pala Revocable, Ragaranjani Pala
Intrafamily Transfer
Non-Arm's Length Transactions
$640,000Financed
Oct 26, 2009Cartus Financial CorporationPrasanth Pala, Ragaranjani Pala
Corporation Deed
Standard Sale (Purchase/Resales)
$48,000Cash Purchase
Aug 17, 2009Jasbir K Dulai, Parminder S DulaiCartus Financial Corporation
Grant Deed
Standard Sale (Purchase/Resales)
$0Financed
Apr 6, 2006Parminder S Dulai, Jasbir K DulaiJasbir K Dulai, Parminder S Dulai
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Aug 2, 2005Parminder S Dulai, Jasbir K DulaiParminder S Dulai, Jasbir K Dulai
Intrafamily Transfer
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$2,170
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$4,340
Price/sqft
$2
Layout
4 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,771,854
99.8%
Your price is 99.8% below average
Median Price
$1,700,000
99.7%
Based on 6 recent sales
Price per Sq.Ft
$927
99.8%
Your price is 99.8% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 12 Jacklin Place, Milpitas, CA 95035 | $1,515,000 | 1,937 | 3 | 3 | $78233888.7% | 11/1/2024 |
| 29 Jason Drive, Milpitas, CA 95035 | $1,700,000 | 1,688 | 4 | 3 | $1,00743665.2% | 10/16/2024 |
| 49216 Tulip Terrace, Fremont, CA 94539 | $1,960,000 | 1,956 | 4 | 3 | $1,00243445.1% | 9/4/2024 |
| 777 Erie Circle, Milpitas, CA 95035 | $1,530,625 | 1,860 | 4 | 3 | $82335660.8% | 8/21/2024 |
| 249 Pescadero Court, Milpitas, CA 95035 | $1,625,500 | 1,773 | 4 | 3 | $91739741.0% | 8/13/2024 |
| 500 Altamont Drive, Milpitas, CA 95035 | $2,300,000 | 2,230 | 4 | 3 | $1,03144720.3% | 8/14/2024 |
12 Jacklin Place, Milpitas, CA 95035
Price: $1,515,000
Sq.Ft: 1,937
Beds/Baths: 3/3
$/Sq.Ft:
$78233888.7%
Sale Date: 11/1/2024
29 Jason Drive, Milpitas, CA 95035
Price: $1,700,000
Sq.Ft: 1,688
Beds/Baths: 4/3
$/Sq.Ft:
$1,00743665.2%
Sale Date: 10/16/2024
49216 Tulip Terrace, Fremont, CA 94539
Price: $1,960,000
Sq.Ft: 1,956
Beds/Baths: 4/3
$/Sq.Ft:
$1,00243445.1%
Sale Date: 9/4/2024
777 Erie Circle, Milpitas, CA 95035
Price: $1,530,625
Sq.Ft: 1,860
Beds/Baths: 4/3
$/Sq.Ft:
$82335660.8%
Sale Date: 8/21/2024
249 Pescadero Court, Milpitas, CA 95035
Price: $1,625,500
Sq.Ft: 1,773
Beds/Baths: 4/3
$/Sq.Ft:
$91739741.0%
Sale Date: 8/13/2024
500 Altamont Drive, Milpitas, CA 95035
Price: $2,300,000
Sq.Ft: 2,230
Beds/Baths: 4/3
$/Sq.Ft:
$1,03144720.3%
Sale Date: 8/14/2024
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