Check Availability

185 East Homestead Road

185 East Homestead Road, Sunnyvale, CA 94087
Property in Ortega Park
Sold Aug 10, 2022
$25,000,000
$10,700,000 by Umpqua Bank
Mortgage Due Sep 01, 2052
Sold Feb 29, 1996
Transfer
$1,515,000 by American Svg Bank
Mortgage Due Mar 01, 2026
185 East Homestead Road in Sunnyvale, CA was first built in 1961 and is 63 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. 185 East Homestead Road has 25,256 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. The linear feet across the front of the lot is 2,070 ft and the linear feet between the front and back of the lot is 2,080. In total, the area measurement of the land is 43,056 square feet.

Learn more about the property and building on this page. There is a screened patio. For those who love swimming as a form of exercise, you'll be excited to find out that there is a both a pool and a spa on the property. Water for the property is sourced from a water system. For those who need parking, there is a garage. The garage is 28 sqft. There are a total of 28 available parking spaces. 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 C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 185 East Homestead Road sold most recently in Aug 2, 2022 for a total of $25,000,000. If you work out the math, that's approximately a cost of $989.86 per sqft. 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 $37,645 in taxes each year. 185 East Homestead Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $12,460,215. If we break it down further, the land itself was valued at $8,394,204. Improvements to the property, however, were assessed at a total of $4,066,011. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Multifamily
  • Floor Count: 2
  • Living Units: 28
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 28
  • Parking Space Count: 28
  • Patio Type: Patio - screened
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 43,056
  • Lot Size Depth Feet: 2,080
  • Lot Size Frontage Feet: 2,070
  • Total Building Area: 25,256
  • Gross Building Area: 25,256
  • Building Area: 25,256
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 25,256
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: ORCHARD GLEN
  • Land Acres: 0.988
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: TRACT 2541 ORCHARD GLEN BOOK 115 PAGE 14 LOT 25

Ownership

  • Current Owner : SARATOGA PLAZA LLC
  • Current Owner 2: LAWRENCE ARMS LLC
  • Previous Owner : MARTIN FAMILY 2005 TRUST
  • Owner Before Previous Owner: HENDLER SAMUEL
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Cupertino Union Elementary School District
  • Census Tract: 508203

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: 59-F2
  • Subdivision Tract Number: 2541
  • Parcel: 309-42-035
  • Lot: 25
  • Municipality: SUNNYVALE
  • Latitude: 37.338
  • Longitude: -122.029

    Address

  • Full Address: 185 E Homestead Rd
  • Address - House Number: 185
  • Street Direction: E
  • Address - Street Name: Homestead
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Sunnyvale
  • Carrier Code: C043
  • 4-Digit Zip Code: 4658
  • Zip Code: 94087

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $37,645
  • Tax Rate Code Area: 09-001

    Appraisal Valuation

  • Standard Deviation: 0.4237
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 15
  • Final Value: 2,854,867
  • High Value: 4,064,475
  • Low Value: 1,645,258

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $10,700,000
  • First Open Lien Mortgage Lender: UMPQUA BANK
  • First Open Lien Mortgage Recording Date: Aug 10, 2022
  • First Open Lien Mortgage Loan Amount: $10,700,000
  • 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: Sep 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,460,215
  • Assessed Land Value: $8,394,204
  • Assessed Improvements Value: $4,066,011

    Sales

  • Current Sale Contract Date: Aug 02, 2022
  • Current Sale Recording Date: Aug 10, 2022
  • Current Sale Transaction ID: 11894073887
  • Current Sale Price: $25,000,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25356526
  • Previous Sale Recording Date: Feb 29, 1996
  • Previous Sale Contract Date: Feb 22, 1996
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: UMPQUA BANK
  • First Mortgage Transaction Date: Aug 10, 2022
  • First Mortgage Loan Amount: $10,700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN SVG BANK
  • Previous Mortgage Transaction Date: Feb 29, 1996
  • Previous Mortgage Loan Amount: $1,515,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 01, 2026

About Ortega



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 3500 Granada Avenue, Santa Clara, CA, 95051

$3,410 /mo

  • 2 Beds
  • 2 Baths
  • 1,070 ft²
3500 Granada Avenue #383, Santa Clara, CA, 95051 Listing by Marina Playa
Unit for rent at 555 E. El Camino Real, Sunnyvale, CA, 94087

$3,357 /mo

  • 2 Beds
  • 2 Baths
  • 800 ft²
555 E. El Camino Real #The Cypress 2, Sunnyvale, CA, 94087 Listing by Equity Residential
Unit for rent at 5608 Stevens Creek Blvd., Cupertino, CA, 95014

$3,449 /mo

  • 2 Beds
  • 2 Baths
  • 1,060 ft²
5608 Stevens Creek Blvd. #2 Bedrooms C, Cupertino, CA, 95014 Listing by Equity Residential

Frequently Asked Questions

What neighborhood is 185 East Homestead Road located in?
The 185 East Homestead Road is a located in the neighborhood of Ortega Park in Ortega, Sunnyvale.
What is the average sales price for listings in 185 East Homestead Road?
The average sales price for units in 185 East Homestead Road is $0 currently.

Quantcast