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22076 Rae Lane

22076 Rae Lane, Cupertino, CA 95014
Property in Santa Clara
Sold Jun 04, 2021
$3,400,000
$2,550,000 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2051
Sold Jul 23, 1999
$825,000
$618,750 by Downey S/l
Mortgage Due Aug 01, 2029
22076 Rae Lane 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 1971 and is 53 years old. The home has a total of 10 rooms. 4 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, 22076 Rae Lane has 2,883 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 1,020 ft and across the front of the lot is 760 ft. The area measurement of the land has been determined as 8,000 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 420 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 screened 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. The property was last sold in Jun 2, 2021 for $3,400,000. That's $1,179.33 per sqft. Prior to that sales transaction, the property was also sold in Jul 19, 1999 for $825,000. 22076 Rae Lane was last assessed in 2023. The total value of the property was assessed at $2,970,000. Specifically, the land the property is located on was valued at $2,376,000. While improvements on the property were assessed at a total of $594,000. 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 $41,804. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • 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: 420
  • Parking Space Count: 2
  • Patio Type: Patio - screened
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 760
  • Total Building Area: 2,883
  • Gross Building Area: 2,257
  • Building Area: 2,883
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,883
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 4790
  • Land Acres: 0.184
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT 4790 BOOK 263 PAGE 9 LOT 1

Ownership

  • Current Owner : XU JINGJING
  • Current Owner 2: HUANG HE
  • Previous Owner : LEE KEIBOCK
  • Previous Owner 2: LEE MINAE
  • Owner Before Previous Owner: MELBYE ROBERT L AND SHERRY H TRUSTEE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Cupertino Union Elementary School District
  • Census Tract: 507702

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 59-D5
  • Subdivision Tract Number: 4790
  • Parcel: 356-07-028
  • Lot: 1
  • Municipality: CUPERTINO
  • Latitude: 37.3115
  • Longitude: -122.061

    Address

  • Full Address: 22076 Rae Ln
  • Address - House Number: 22076
  • Address - Street Name: Rae
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Cupertino
  • Carrier Code: C025
  • 4-Digit Zip Code: 4031
  • Zip Code: 95014

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $41,804
  • Tax Rate Code Area: 13-026

    Appraisal Valuation

  • Standard Deviation: 0.2027
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 72
  • Final Value: 3,734,209
  • High Value: 4,491,225
  • Low Value: 2,977,194

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,550,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jun 04, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,550,000
  • 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

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,970,000
  • Assessed Land Value: $2,376,000
  • Assessed Improvements Value: $594,000

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jun 04, 2021
  • Current Sale Transaction ID: 11837118123
  • Current Sale Price: $3,400,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24985699
  • Previous Sale Recording Date: Jul 23, 1999
  • Previous Sale Contract Date: Jul 19, 1999
  • Previous Sale Amount: $825,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jun 04, 2021
  • First Mortgage Loan Amount: $2,550,000
  • 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: DOWNEY S/L
  • Previous Mortgage Transaction Date: Jul 23, 1999
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $618,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2029

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 22076 Rae Lane located in?
The 22076 Rae Lane is a located in the neighborhood of Santa Clara in Cupertino, Cupertino.
What is the average sales price for listings in 22076 Rae Lane?
The average sales price for units in 22076 Rae Lane is $0 currently.

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