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1305 Michael Bo Lane

1305 Michael Bo Lane, Gilroy, CA 95020
Property in Santa Clara
Sold Dec 10, 2020
$964,000
$750,000 by Loandepot.com Llc
Mortgage Due Jan 01, 2051
1305 Michael Bo Lane in Gilroy, CA was first built in 2020 and is 4 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1305 Michael Bo Lane has 3,119 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,458 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. For those who need parking, there is a garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. As for heating, the home is utilizing a forced air unit. The property was last sold in Nov 23, 2020 for $964,000. That's $309.07 per sqft. 1305 Michael Bo Lane was last assessed in 2022. The total value of the property was assessed at $982,817. Specifically, the land the property is located on was valued at $544,217. While improvements on the property were assessed at a total of $438,600. 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 $12,371. 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! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 4,458
  • Total Building Area: 3,119
  • Gross Building Area: 1,461
  • Building Area: 3,119
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 3,119
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT 10446
  • Land Acres: 0.102
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LAM BRANDON FUENTES
  • Current Owner 2: LAM TUAN J
  • Previous Owner : TRI POINTE HOMES INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • Census Tract: 512513

Zoning

  • Zoning: A140

Geography

  • Subdivision Tract Number: 10446
  • Parcel: 808-57-070
  • Municipality: GILROY
  • Latitude: 36.9877
  • Longitude: -121.587

    Address

  • Full Address: 1305 Michael Bo Ln
  • Address - House Number: 1305
  • Address - Street Name: Michael Bo
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Gilroy
  • Carrier Code: C028
  • 4-Digit Zip Code: 2718
  • Zip Code: 95020

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,371
  • Tax Rate Code Area: 02-001

    Appraisal Valuation

  • Standard Deviation: 0.1947
  • Valuation Date: May 17, 2023
  • Confidence Score: 74
  • Final Value: 1,253,536
  • High Value: 1,497,602
  • Low Value: 1,009,471

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $750,000
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Dec 10, 2020
  • First Open Lien Mortgage Loan Amount: $750,000
  • 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: Jan 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $982,817
  • Assessed Land Value: $544,217
  • Assessed Improvements Value: $438,600

    Sales

  • Current Sale Contract Date: Nov 23, 2020
  • Current Sale Recording Date: Dec 10, 2020
  • Current Sale Transaction ID: 11806387883
  • Current Sale Price: $964,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24743984

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Dec 10, 2020
  • First Mortgage Loan Amount: $750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

About Gilroy



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Property at 1305 Michael Bo Lane,

286 5th Street

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  • 2 Stories
286 5th Street, Gilroy, CA 95020

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1305 Michael Bo Lane located in?
The 1305 Michael Bo Lane is a located in the neighborhood of Santa Clara in Gilroy, Gilroy.
What is the average sales price for listings in 1305 Michael Bo Lane?
The average sales price for units in 1305 Michael Bo Lane is $0 currently.

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