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262 Lynn Avenue

262 Lynn Avenue, Milpitas, CA 95035
Property in Santa Clara
Sold Mar 03, 2020
$720,000
$330,000 by Oaktree Funding Corp
Mortgage Due Mar 01, 2050
Sold Dec 30, 2005
$428,000
Seller
$300,000 by Wells Fargo Bank Na
Mortgage Due Jan 01, 2036
Local assessors in Milpitas, CA have categorized 262 Lynn Avenue as a residential type of property. The home was built in 1970 and is 54 years old. The property's lot size has been calculated to be 816 square feet. The linear feet between the front and back of the lot was measured at 510 ft and the front of the lot was measured at 160 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 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 is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 262 Lynn Avenue has a total of 1,146 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 166 sqft. Do you like to entertain? The home has both a porch and a screened patio 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 building has a roof that is made of wood shake/ shingles. Lots of stucco were used in the construction of the exterior walls of the home. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 262 Lynn Avenue was last sold in Feb 20, 2020 for $720,000. According to our calculations, that's $628.27 per sqft. Prior to that sales transaction, the property was sold for $428,000 in Dec 23, 2005. Current property owners are expected to pay $8,893 in taxes per year. The property on 262 Lynn Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $675,000. To break that down further, the land itself was valued at $337,500. While improvements to the property were assessed at a total of $337,500. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 166
  • Parking Space Count: 0
  • Patio Type: Patio - screened
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 816
  • Lot Size Depth Feet: 510
  • Lot Size Frontage Feet: 160
  • Total Building Area: 1,146
  • Gross Building Area: 522
  • Building Area: 1,146
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,146
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LYNN PARK TWNHS
  • Land Acres: 0.019
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT 4809 LYNN PARK TOWNHOUSES BOOK 265 PAGE 4 LOT 21

Ownership

  • Current Owner : HUYNH PHUNG THI KIM
  • Previous Owner : LI HUI
  • Previous Owner 2: LUAN JUN
  • Owner Before Previous Owner: PHAN TUAN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Milpitas Unified School District
  • Census Tract: 504412

Zoning

  • Zoning: R3S

Geography

  • Assessors Map Reference: 48-B2
  • Subdivision Tract Number: 4809
  • Parcel: 029-23-065
  • Lot: 21
  • Municipality: MILPITAS
  • Latitude: 37.4412
  • Longitude: -121.879

    Address

  • Full Address: 262 Lynn Ave
  • Address - House Number: 262
  • Address - Street Name: Lynn
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Milpitas
  • Carrier Code: C044
  • 4-Digit Zip Code: 4748
  • Zip Code: 95035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,893
  • Tax Rate Code Area: 12-003

    Appraisal Valuation

  • Standard Deviation: 0.1904
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 74
  • Final Value: 835,695
  • High Value: 994,843
  • Low Value: 676,548

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $330,000
  • First Open Lien Mortgage Lender: OAKTREE FUNDING CORP
  • First Open Lien Mortgage Recording Date: Mar 03, 2020
  • First Open Lien Mortgage Loan Amount: $330,000
  • 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: Mar 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $675,000
  • Assessed Land Value: $337,500
  • Assessed Improvements Value: $337,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 20, 2020
  • Current Sale Recording Date: Mar 03, 2020
  • Current Sale Transaction ID: 11743876777
  • Current Sale Price: $720,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24419818
  • Previous Sale Recording Date: Dec 30, 2005
  • Previous Sale Contract Date: Dec 23, 2005
  • Previous Sale Amount: $428,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: OAKTREE FUNDING CORP
  • First Mortgage Transaction Date: Mar 03, 2020
  • First Mortgage Loan Amount: $330,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Dec 30, 2005
  • Previous Mortgage Loan Amount: $300,000
  • 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: Jan 01, 2036

About Milpitas



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Frequently Asked Questions

What neighborhood is 262 Lynn Avenue located in?
The 262 Lynn Avenue is a located in the neighborhood of Santa Clara in Milpitas, Milpitas.
What is the average sales price for listings in 262 Lynn Avenue?
The average sales price for units in 262 Lynn Avenue is $0 currently.

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