Beautiful downstairs unit in luxury complex, move in condition & incredibly clean. Affordable dream home for 1st time buyers. Spacious floor plan, bright living room. Granite counters & stainless appliances. Well maintained condo w/ new paint, new bathroom fan & lighting. Close to Great Mall and easy access to hwy 680, 237, 880. Perfect opportunity for investors; rental income is around $1850-$1950.
CondoProperty Type
1977Year Built
$655Est. Price/Sq.Ft.
Listed by Sha-ling Cho•DRE #01381507• Coldwell Banker-The Real Estate People
Bought with Lena Zee•DRE #00916770• Intero Real Estate Services
Source:MLSListings #ML81429637
Redfin Estimate
$551,432
$81K since sold in October 2021$9,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 36.6% lower than the average sale price ($870K) of 6 comparable homes.
bridgeMLS, Bay East AOR, or Contra Costa AOR #40957803
Aug 6, 2021
Listing Removed
—
Aug 1, 2021
Price Changed
*
Jul 8, 2021
Listed
*
Public Records
Nov 14, 2014
Sold
$320,000
$380/sq ft
MLSListings #ML81429637
Nov 16, 2014
Pending
—
Nov 14, 2014
Sold
$320,000
$380/sq ft
Oct 14, 2014
Contingent
—
Sep 26, 2014
Relisted
—
Aug 22, 2014
Pending
—
Aug 14, 2014
Listed
$333,300
$396/sq ft
+5
Beautiful downstairs unit in luxury complex, move in condition & incredibly clean. Affordable dream home for 1st time buyers. Spacious floor plan, bright living room. Granite counters & stainless appliances. Well maintained condo w/ new paint, new bathroom fan & lighting. Close to Great Mall and easy access to hwy 680, 237, 880. Perfect opportunity for investors; rental income is around $1850-$1950.
MLSListings #ML81003127
Dec 22, 2010
Sold
$194,000
$230/sq ft
Jul 29, 2010
Pending
—
Jul 17, 2010
Price Changed
$189,000
$224/sq ft
Jun 9, 2010
Price Changed
$202,000
$240/sq ft
May 28, 2010
Relisted
—
May 26, 2010
Pending
—
May 26, 2010
Relisted
—
Feb 3, 2010
Pending
—
Jan 22, 2010
Listed
$212,000
$252/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,949 (+3.7%)
$240,000 + $240,000
$480,000
2024
$5,735 (+6.7%)
$249,383 + $249,383
$498,766
2023
$5,374 (−5.6%)
$244,494 + $244,494
$488,988
2022
$5,695 (+28.1%)
$225,000 + $225,000
$450,000
2021
$4,444 (+1.7%)
$235,000 + $235,000
$470,000
2020
$4,368 (+1.1%)
$177,649 + $177,649
$355,298
2019
$4,321 (+5.2%)
$175,828 + $175,828
$351,656
2018
$4,109 (+1.3%)
$172,381 + $172,381
$344,762
2017
$4,057 (+4.3%)
$165,688 + $165,688
$331,376
2016
$3,891 (+1.0%)
$165,688 + $165,688
$331,376
2015
$3,853 (+55.1%)
$162,440 + $162,440
$324,880
2014
$2,484 (+5.9%)
$141,927 + $60,825
$202,752
2012
$2,346 (−0.3%)
$141,286 + $60,551
$201,837
2011
$2,353 (−4.1%)
$129,500 + $55,500
$185,000
2010
$2,453 (−5.0%)
$135,800 + $58,200
$194,000
2009
$2,582 (−28.3%)
$147,600 + $63,400
$211,000
2008
$3,599
$228,500 + $98,000
$326,500
Tax history for 496 Dempsey Rd #198
Year
Property tax
Land + Additions
Assessment*
2025
$5,949 (+3.7%)
$240,000 + $240,000
$480,000
2024
$5,735 (+6.7%)
$249,383 + $249,383
$498,766
2023
$5,374 (−5.6%)
$244,494 + $244,494
$488,988
2022
$5,695 (+28.1%)
$225,000 + $225,000
$450,000
2021
$4,444 (+1.7%)
$235,000 + $235,000
$470,000
2020
$4,368 (+1.1%)
$177,649 + $177,649
$355,298
2019
$4,321 (+5.2%)
$175,828 + $175,828
$351,656
2018
$4,109 (+1.3%)
$172,381 + $172,381
$344,762
2017
$4,057 (+4.3%)
$165,688 + $165,688
$331,376
2016
$3,891 (+1.0%)
$165,688 + $165,688
$331,376
2015
$3,853 (+55.1%)
$162,440 + $162,440
$324,880
2014
$2,484 (+5.9%)
$141,927 + $60,825
$202,752
2012
$2,346 (−0.3%)
$141,286 + $60,551
$201,837
2011
$2,353 (−4.1%)
$129,500 + $55,500
$185,000
2010
$2,453 (−5.0%)
$135,800 + $58,200
$194,000
2009
$2,582 (−28.3%)
$147,600 + $63,400
$211,000
2008
$3,599
$228,500 + $98,000
$326,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R3
Multi-Family High Density Residential Zone
The purpose and intent of this zone is to stabilize and protect the residential characteristics of the District and to promote, insofar as compatible with the intensity of land use, a suitable environment for family life.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Multiple units
Housing-Other
Planned unit development (pud)
Property details
Interior
Room Information
# of Rooms: 5
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Rectangular Design
Construction Type: Wood
Building Construction Quality: Average
Roof Framing Type: Wood
Pool Information
Pool Type: Pool/Spa
Has Pool
Property Information
Subdivision Name: 7689 INDIAN HILLS
Living Sq. Ft: 842
Ground Floor Sq. Ft: 842
Building Sq. Ft: 842
# of Stories: 1
Legal Description: TRACT 7689
Lot Information
# of Buildings: 1
Municipality Name: MILPITAS CITY
Zoning Code: R1
County Use Description: CONDO/TOWNHOUSE
Financial
Assessor Information
Assessment Year: 2026
Tax Area: MILPITAS CITY
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 842
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1977
Year Renovated: 1977
County: Santa Clara County
APN: 08842239
Home facts updated by county records on Aug 21, 2026
With inventory increasing and prices is becoming more stable,Milpitas housing market is moving towards balance. Buyers are seeing slightly stronger,Negotiating opportunities, while demands remains high for well priced move-in Reddy homes,Rising...
affordability challenges are also pushing more interest
The Milpitas housing market remains competitive, supported by its top-rated schools, Silicon Valley location, and convenient access to I-680, I-880, and Highway 237. Well-maintained homes in desirable neighborhoods continue to attract strong buyer...
Milpitas’ summer market offers balanced opportunities. A seasonal rise in inventory gives buyers more leverage to negotiate, especially on townhomes or properties needing cosmetic updates. However, pristine, turnkey homes still face intense...
Milpitas continues to be a highly desirable South Bay market, fueled by its proximity to major tech employers, BART, and excellent commuter access. but success today depends less on market timing and more on smart pricing, strategic marketing,...
&acting decisively when the right opportunity appears