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4045 Ribbon Drive

4045 Ribbon Drive, San Jose, CA 95130
Property in San Thomas West
Sold Jun 30, 2021
$1,620,000
$1,296,000 by Citibank Na
Mortgage Due Jul 01, 2051
Sold Apr 28, 2017
$1,343,000
Buyer
Seller
$1,032,000 by Bank Of America Na
Mortgage Due May 01, 2047
4045 Ribbon Drive in San Jose, CA was first built in 1958 and is 66 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 4045 Ribbon Drive has 1,487 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 650 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 6,500 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who need parking, there is a garage. The garage is 400 sqft. There are a total of 2 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 air conditioning. As for heating, the home is utilizing a forced air unit. 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, 4045 Ribbon Drive sold most recently in Jun 21, 2021 for a total of $1,620,000. If you work out the math, that's approximately a cost of $1,089.44 per sqft. Before that, the property was also sold for $1,343,000 in Apr 25, 2017. 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 $22,349 in taxes each year. 4045 Ribbon Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,570,000. If we break it down further, the land itself was valued at $785,000. Improvements to the property, however, were assessed at a total of $785,000. The property's total assessed value has been marked as more than the total market value 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.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: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • 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: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,487
  • Gross Building Area: 988
  • Building Area: 1,487
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,487
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CLARATOGA
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT 1793 CLARATOGA BOOK 89 PAGE 54 PAGE 55 LOT 48

Ownership

  • Current Owner : YI SOONGYU
  • Current Owner 2: WANG ZHU
  • Previous Owner : WU YUNJUAN
  • Owner Before Previous Owner: XIA ALAN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Campbell Union High School District
  • Census Tract: 506605

Zoning

  • Zoning: R1-8

Geography

  • Assessors Map Reference: 65-F1
  • Subdivision Tract Number: 1793
  • Parcel: 307-29-033
  • Lot: 48
  • Municipality: SAN JOSE
  • Latitude: 37.3005
  • Longitude: -121.972

    Address

  • Full Address: 4045 Ribbon Dr
  • Address - House Number: 4045
  • Address - Street Name: Ribbon
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: San Jose
  • Carrier Code: C015
  • 4-Digit Zip Code: 1245
  • Zip Code: 95130

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,349
  • Tax Rate Code Area: 17-046

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 75
  • Final Value: 1,764,436
  • High Value: 2,098,030
  • Low Value: 1,430,842

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,296,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Jun 30, 2021
  • First Open Lien Mortgage Loan Amount: $1,296,000
  • 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: $1,570,000
  • Assessed Land Value: $785,000
  • Assessed Improvements Value: $785,000

    Sales

  • Current Sale Contract Date: Jun 21, 2021
  • Current Sale Recording Date: Jun 30, 2021
  • Current Sale Transaction ID: 11841218849
  • Current Sale Price: $1,620,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25014373
  • Previous Sale Recording Date: Apr 28, 2017
  • Previous Sale Contract Date: Apr 25, 2017
  • Previous Sale Amount: $1,343,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Jun 30, 2021
  • First Mortgage Loan Amount: $1,296,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Apr 28, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,032,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: May 01, 2047

About West Campbell



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Frequently Asked Questions

What neighborhood is 4045 Ribbon Drive located in?
The 4045 Ribbon Drive is a located in the neighborhood of San Thomas West in West Campbell, San Jose.
What is the average sales price for listings in 4045 Ribbon Drive?
The average sales price for units in 4045 Ribbon Drive is $0 currently.

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