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331 Spence Ave

Milpitas, CA 95035

3 bd 2 ba 1,116 sqft Built 1955 Lot 6,150 sqft single_family
Most recent sale
$1,305,000
Aug 19, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 19, 2022 Sold $1,305,000 MLS #ML81899659
Jul 9, 2022 Listed $1,200,000 MLS #ML81899659
Aug 30, 1972 Sold $24,100 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $475,254 $882,467 $1,357,721 $15,855
2024 $475,254 $882,467 $1,357,721 $15,480
2023 $421,800 $783,200 $1,205,000 $14,271
2022 $46,121 $20,868 $66,989 $980
2021 $45,217 $20,459 $65,676 $965
2020 $44,754 $20,250 $65,004 $950
2019 $43,877 $19,853 $63,730 $941
2018 $43,017 $19,464 $62,481 $902
2017 $42,174 $19,083 $61,257 $891
2016 $41,348 $18,709 $60,057 $850
2015 $40,727 $18,428 $59,155 $841
2014 $39,930 $18,068 $57,998 $801
2013 $39,750 $17,987 $57,737 $804
2012 $38,971 $17,635 $56,606 $801
2010 $37,922 $17,161 $55,083 $753
2009 $38,013 $17,202 $55,215 $670
2008 $37,268 $16,865 $54,133 $648
2007 $36,538 $16,535 $53,073 $655

Property facts

Year built
1955
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,116 sqft
Lot size
6,150 sqft
ZIP code
95035
City
Milpitas
Street
Spence Ave
Coordinates
37.42959, -121.91259

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$7,830
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 331 Spence Ave last sell?
331 Spence Ave most recently sold on Aug 19, 2022 for $1,305,000.
What is the current tax assessment for 331 Spence Ave?
The most recent total assessment for 331 Spence Ave (year 2025) is $1,357,721 with $15,855 in property tax.
How does 331 Spence Ave's assessment compare to its last sale price?
The current assessment is 4.0% above the last sale price of $1,305,000.
When was 331 Spence Ave built?
331 Spence Ave was built in 1955.
How does 331 Spence Ave compare to others on Spence Ave?
We track 3 other properties on Spence Ave. Browse the list under "Other properties on Spence Ave" to compare beds, baths, and sale history.
What are the property facts for 331 Spence Ave?
331 Spence Ave is a 3 bed, 2 bath, 1,116 sqft, 6,150 sqft lot single_family.
Is 331 Spence Ave a flip candidate?
No — 331 Spence Ave does not appear in our flips dataset.
Is 331 Spence Ave a tax-appeal candidate?
No — 331 Spence Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-4.0%
Implied 1-yr
-16.1%
2026 Q2
$1.01M
2026 Q3
$957.5K
ZIP 95035 — Median Price History + Forecast

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