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1625 Delano Street 23 — Milpitas — 3 Beds • 3 Baths • 1,530 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

+57 more

$1,080,000

62 DOM

$706/sqft3 bd3 ba1,530 sqftHOA ~691/mo

Call

1625 Delano St 23 Milpitas, CA 95035

Seller offering credit for 1 year of HOA paid for buyer! A rare incentive that adds incredible value for you! Welcome to this luxurious condominium nestled in Milpitas' sought-after Somont community. This stunning home boasts 3 bedrooms, 2.5 bathrooms around 1,530 SqFt of living space. The home's modern architecture and designer accents are evident throughout. The open-concept floor plan boasts high ceilings, large windows with tons of sunlight, hardwood flooring and a spacious balcony. The chef's kitchen is a highlight, featuring a large island, white cabinets, quartz countertops and top-tier appliances. The large primary suite includes a walk-in closet and a double vanity in the primary bathroom. Additional features include a side by side two car garage, in unit laundry room, tankless water heater. The HOA covers garbage expenses, and the community offers a park, playground and guest parking. This home is located in a prime Milpitas location, near the Great Mall, Trader Joe's, Ranch 99, freeways, and the BART station, making it incredibly convenient. Great schools with private schools Stratford nearby as well. Don't miss out on this Move-in ready home.

MLS ML82034409

(408) 850-6900 (Office) 650-888-9776 (Cell) arielchenhomes@gmail.com

Est. payment

$7,592/mo

Principal & interestTaxesInsuranceHOA

$5,461$1,125$315$691

Down %

Rate %

Years

Down payment: $216,000 · Total cost: $2,181,984

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$7,592/mo

Principal & interest: $5,461
Est. property tax: $1,125
Est. insurance: $315
HOA (normalized / mo): $691
Down payment: $216,000

Est. gross rent$4,500/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-3,092/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.