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17235 James Lex Lane

17235 James Lex Lane, Morgan Hill, CA 95037
Property in Santa Clara
Sold Dec 29, 2023
$950,000
$6,295,000 by Iron Bridge Mortgage Fund, Llc
Mortgage Due Jan 02, 2025
Sold Aug 31, 2005
$692,500
$554,000 by Wells Fargo Bank Na
Mortgage Due Sep 01, 2035
Local assessors in Morgan Hill, CA have categorized 17235 James Lex Lane as a residential type of property. The home was built in 1983 and is 41 years old. The property's lot size has been calculated to be 8,730 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 17235 James Lex Lane has a total of 1,722 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 504 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 17235 James Lex Lane sold most recently in Dec 28, 2023 for a total of $950,000. If you work out the math, that's approximately a cost of $551.68 per sqft. Before that, the property was also sold for $692,500 in Aug 25, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,341 in taxes each year. The initial year of tax delinquency occurred in 2020. 17235 James Lex Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $909,597. If we break it down further, the land itself was valued at $409,285. Improvements to the property, however, were assessed at a total of $500,312. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 504
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,730
  • Total Building Area: 1,722
  • Gross Building Area: 1,722
  • Building Area: 1,722
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,722
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT D

Ownership

  • Current Owner : VISIONARY DEVELOPMENT LLC
  • Previous Owner : MEDRANO JOE P
  • Previous Owner 2: MEDRANO SHELBY L
  • Owner Before Previous Owner: DOWNING JONATHAN
  • Owner Before Previous Owner 2: DOWNING DANIELLE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Morgan Hill Unified School District
  • Census Tract: 512312

Zoning

  • Zoning: R1

Geography

  • Parcel: 726-07-008
  • Lot: D
  • Municipality: MORGAN HILL
  • Latitude: 37.1321
  • Longitude: -121.639

    Address

  • Full Address: 17235 James Lex Ln
  • Address - House Number: 17235
  • Address - Street Name: James Lex
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Morgan Hill
  • Carrier Code: C003
  • 4-Digit Zip Code: 4418
  • Zip Code: 95037

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,341
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 04-002

    Appraisal Valuation

  • Standard Deviation: 0.1572
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 1,308,040
  • High Value: 1,513,722
  • Low Value: 1,102,358

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $6,295,000
  • First Open Lien Mortgage Lender: IRON BRIDGE MORTGAGE FUND, LLC
  • First Open Lien Mortgage Recording Date: Dec 29, 2023
  • First Open Lien Mortgage Loan Amount: $6,295,000
  • First Open Lien Mortgage Term: 12
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Jan 02, 2025

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $909,597
  • Assessed Land Value: $409,285
  • Assessed Improvements Value: $500,312

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Transaction ID: 11918392434
  • Current Sale Price: $950,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25580944
  • Previous Sale Recording Date: Aug 31, 2005
  • Previous Sale Contract Date: Aug 25, 2005
  • Previous Sale Amount: $692,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: IRON BRIDGE MORTGAGE FUND, LLC
  • First Mortgage Transaction Date: Dec 29, 2023
  • First Mortgage Loan Amount: $6,295,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: Jan 02, 2025

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Aug 31, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $554,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Sep 01, 2035

About Morgan Hill



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Frequently Asked Questions

What neighborhood is 17235 James Lex Lane located in?
The 17235 James Lex Lane is a located in the neighborhood of Santa Clara in Morgan Hill, Morgan Hill.
What is the average sales price for listings in 17235 James Lex Lane?
The average sales price for units in 17235 James Lex Lane is $0 currently.

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