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1263 Gingerwood Drive

1263 Gingerwood Drive, Milpitas, CA 95035
House in Santa Clara
Sold Jun 11, 2021
$1,340,000
$1,072,000 by First Technology Federal Cu
Mortgage Due Jul 01, 2051
Sold Feb 19, 2016
$915,000
$732,000 by Wells Fargo Bank Na
Mortgage Due Mar 01, 2046
1263 Gingerwood Drive has been categorized by the local assessors in Milpitas, CA as a residential type of property. The building on the property was first built in 1991 and is 33 years old. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1263 Gingerwood Drive has 1,615 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,220 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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 421 sqft. According to our sources, there are a total of 2 available parking spaces. Love to swim? You'll be excited to find out that there is a pool on the property. 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. The property was last sold in Jun 8, 2021 for $1,340,000. That's $829.72 per sqft. Prior to that sales transaction, the property was also sold in Feb 10, 2016 for $915,000. 1263 Gingerwood Drive was last assessed in 2023. The total value of the property was assessed at $1,394,135. Specifically, the land the property is located on was valued at $906,188. While improvements on the property were assessed at a total of $487,947. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $16,400. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 421
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 3,220
  • Total Building Area: 1,615
  • Gross Building Area: 779
  • Building Area: 1,615
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,615
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 8303 CALIFORNIA LNDG
  • Land Acres: 0.074
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SHARMA DEBABRATA
  • Current Owner 2: GOSWAMI GAYATRI
  • Previous Owner : KHANDEKAR SAMEER P
  • Previous Owner 2: BHASKARAN SARITHA
  • Owner Before Previous Owner: MALEGAONKAR ASHUTOSH ARWIND
  • Owner Before Previous Owner 2: MALEGAONKAR MEDHA ASHUTOSH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Santa Clara Unified School District
  • Census Tract: 504506

Zoning

  • Zoning: R1

Geography

  • Parcel: 022-42-149
  • Municipality: MILPITAS
  • Latitude: 37.449
  • Longitude: -121.914

    Address

  • Full Address: 1263 Gingerwood Dr
  • Address - House Number: 1263
  • Address - Street Name: Gingerwood
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Milpitas
  • Carrier Code: C046
  • 4-Digit Zip Code: 2429
  • Zip Code: 95035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,400
  • Tax Rate Code Area: 12-003

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 1,458,602
  • High Value: 1,757,439
  • Low Value: 1,159,765

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,206,000
  • First Open Lien Mortgage Lender: FIRST TECHNOLOGY FEDERAL CU
  • First Open Lien Mortgage Recording Date: Jun 11, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,072,000
  • 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: Jul 01, 2051
  • Second Open Lien Mortgage Lender: FIRST TECHNOLOGY FEDERAL CU
  • Second Open Lien Mortgage Recording Date: Jun 11, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $134,000
  • Second Open Lien Mortgage Term: 299
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jun 25, 2046

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,394,135
  • Assessed Land Value: $906,188
  • Assessed Improvements Value: $487,947

    Sales

  • Current Sale Contract Date: Jun 08, 2021
  • Current Sale Recording Date: Jun 11, 2021
  • Current Sale Transaction ID: 11838920737
  • Current Sale Price: $1,340,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24993321
  • Previous Sale Recording Date: Feb 19, 2016
  • Previous Sale Contract Date: Feb 10, 2016
  • Previous Sale Amount: $915,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST TECHNOLOGY FEDERAL CU
  • First Mortgage Transaction Date: Jun 11, 2021
  • First Mortgage Loan Amount: $1,072,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Feb 19, 2016
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $732,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Mar 01, 2046

About Milpitas



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Frequently Asked Questions

What neighborhood is 1263 Gingerwood Drive located in?
The 1263 Gingerwood Drive is a house located in the neighborhood of Santa Clara in Milpitas, Milpitas.
What is the average sales price for listings in 1263 Gingerwood Drive?
The average sales price for units in 1263 Gingerwood Drive is $1,349,888 , or $836/sqft. currently.

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