Santa Clara County property record for 461 Valley Way, Milpitas, CA 95035
| Property Type | Bank, Financial Building |
|---|---|
| Details | 17,610 sqft · built 1977 |
| Lot Size | 3.18 acres (138,956 sqft) |
| Owner | Company Name on File |
| Last Sale | $7,500,000 (Dec 2002) |
| Tax Bill | $18,521 (2025) |
| Flood Zone | Zone X (moderate risk) |
| APN | 022-28-022 |
| Primary APN | 022-28-022 |
|---|
| Stories | 1 Story |
|---|---|
| Building Area | 17,610 sqft Total Area |
| Fireplaces | 1 Fireplace |
| Fireplace | Fireplace |
| Elevator | Elevator |
| Year Built | Built 1977 |
|---|---|
| Effective Year Built | Effective 1977 |
| Architectural Style | Custom Design |
| Construction Type | Concrete |
| Fire Resistance | Masonry Walls, Wood Interior |
| Lot Area | 138,956 sqft |
| Cooling System | HVAC |
|---|---|
| Water Source | Well |
| Street Address | 461 VALLEY WAY |
|---|---|
| City | MILPITAS |
| State | CA |
| Zip | 95035-4105 |
| Property Category | Commercial |
| Property Type | Commercial > Office > Bank, Financial Building |
| Local Zoning Code | C2 |
| Legal Description | LOT 3 RECORDER'S BOOK 503 PAGE 29 |
| Jurisdiction | SANTA CLARA CA |
| Township / Civil Division | SAN JOSE |
| Census Block Group | 4 |
| Census Block | 4008 |
| Census Tract | 504507 |
461 Valley Way, a commercial property, is owned by a company that acquired it in March 2018 and is owner-occupied.
Source: Santa Clara County records, as of July 27, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 2440 W EL CAMINO REAL, 300, MOUNTAIN VIEW, CA 94040-1498 |
| Occupancy | Owner Occupied |
| Owner Type | Company |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Dec 20, 2002 · Amount on File |
| Deed Sale | Dec 20, 2002 · Amount on File |
| Deed Document Number | 200216698497 |
| Last Transfer Date | Mar 5, 2018 |
| Transfer Doc | 0023890269 |
| Record Updated | Oct 29, 2026 |
The 2025 property tax bill for 461 Valley Way was $18,521 with an additional exemption, up 69.2% from the year before.
Source: Santa Clara County assessment roll, as of July 27, 2026
| Type | Name |
|---|---|
| State | California |
| County | Santa Clara County |
| Municipality | Milpitas City |
| Unified School District | Milpitas Unified School District (KG - 12) |
| Year | Tax Bill | Assessed Value |
|---|---|---|
| 2026 | $7,308,026 (+2%) Land $3,952,591 Building $3,355,435 | |
| 2025 | $18,521.00 (+69.22%) Additional exemption filed | $7,164,733 Land $3,875,090 Building $3,289,643 |
| 2024 | $10,945.00 | |
| 2023 | $6,886,519 Land $3,724,616 Building $3,161,903 |
Assessed value is set for property tax purposes and is not a market price estimate.
FEMA maps place 461 Valley Way in Zone X, an area of moderate flood risk, within 500 ft of a high-risk flood zone.
Source: FEMA National Flood Hazard Layer, effective January 18, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Zone X moderate risk |
|---|---|
| 500-Year Floodplain | Yes 0.2% annual chance |
| Nearest Special Flood Hazard Area | Zone AE, within 500 ft |
| Flood Insurance Requirement | Not required lenders may require it |
| Flood Insurance Cost | Premium on File median of 98 policies |
| Community Rating System | Class 7 (15% premium discount) |
| Nearby Flood Policies | 98 in force |
| Nearby Flood Claims | 14 (1983–2022) |
| Claims Outside the SFHA | 1 of 14 |
| Most Recent Claim | Dec 2022 · Severe Winter Storms, Flooding, Landslides, And Mudslides |
| Claims by Event |
|
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Wildfire risk around 461 Valley Way is low, with a 0.01% annual chance of wildfire.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 80% of the US · lower than 88% of California |
|---|---|
| Wildfire Likelihood | 0.01% annual chance |
| Exposure | None beyond ember reach |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | CITY OF MILPITAS serves 81,915 people · EPA ID CA4310005 |
|---|---|
| Water Source | Purchased surface water from several systems |
| Last State Inspection | Nov 2025 |
| Lead | 3 ppb (2023–2025) action level 15 ppb |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | 1 last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.
Source: FCC Broadband Data Collection, based on 157 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| AT&T Fiber · Fixed Wireless in parts of the area | 5,000 / 5,000 |
| Xfinity Cable | 2,000 / 250 |
| Sail Internet Fixed Wireless | 1,000 / 200 |
| Tekify Fiber & Wireless Fixed Wireless | 425 / 80 |
| Etheric Networks Fixed Wireless | 250 / 100 |
| Ridge Wireless Fixed Wireless | 100 / 60 |
May also be available: GeoLinks, Verizon.
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