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1075 Milky Way

1075 Milky Way, Cupertino, CA 95014
Property in Santa Clara
Sold Mar 02, 2023
$3,260,000
$2,749,750 by Jpmorgan Chase Bank, National
Mortgage Due Apr 01, 2053
1075 Milky Way has been categorized by the local assessors in Cupertino, CA as a residential type of property. The building on the property was first built in 1977 and is 47 years old. The home has a total of 10 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1075 Milky Way has 2,568 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 820 ft and across the front of the lot is 850 ft. The area measurement of the land has been determined as 6,970 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 564 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1075 Milky Way was last sold in Feb 24, 2023 for $3,260,000. According to our calculations, that's $1,269.47 per sqft. Current property owners are expected to pay $3,922 in taxes per year. The property on 1075 Milky Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $249,328. To break that down further, the land itself was valued at $66,817. While improvements to the property were assessed at a total of $182,511. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 564
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 820
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,568
  • Gross Building Area: 1,391
  • Building Area: 2,568
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,568
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 1

Ownership

  • Current Owner : LI BAOLEI
  • Current Owner 2: LI CONGCONG
  • Previous Owner : GWENDOLYN ZAMLICH 2008 REVOCABLE TRUST
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Cupertino Union Elementary School District
  • Census Tract: 507808

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 59-E6
  • Parcel: 362-18-041
  • Lot: 1
  • Municipality: CUPERTINO
  • Latitude: 37.307
  • Longitude: -122.045

    Address

  • Full Address: 1075 Milky Way
  • Address - House Number: 1075
  • Address - Street Name: Milky
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Cupertino
  • Carrier Code: C007
  • 4-Digit Zip Code: 5008
  • Zip Code: 95014

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,922
  • Tax Rate Code Area: 13-070

    Appraisal Valuation

  • Standard Deviation: 0.1939
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 74
  • Final Value: 3,355,805
  • High Value: 4,006,519
  • Low Value: 2,705,091

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,749,750
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK, NATIONAL
  • First Open Lien Mortgage Recording Date: Mar 02, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,749,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $249,328
  • Assessed Land Value: $66,817
  • Assessed Improvements Value: $182,511

    Sales

  • Current Sale Contract Date: Feb 24, 2023
  • Current Sale Recording Date: Mar 02, 2023
  • Current Sale Transaction ID: 11902575529
  • Current Sale Price: $3,260,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25444144

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK, NATIONAL
  • First Mortgage Transaction Date: Mar 02, 2023
  • First Mortgage Loan Amount: $2,749,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 1075 Milky Way located in?
The 1075 Milky Way is a located in the neighborhood of Santa Clara in Cupertino, Cupertino.
What is the average sales price for listings in 1075 Milky Way?
The average sales price for units in 1075 Milky Way is $0 currently.

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