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481 Magnolia Lane

481 Magnolia Lane, Santa Clara, CA 95051
Property in Santa Clara
Sold Dec 02, 2021
$2,440,000
$1,760,000 by Hsbc Bank Usa
Mortgage Due Dec 01, 2051
481 Magnolia Lane in Santa Clara, CA was first built in 1960 and is 64 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 custom style. It is a single story home. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 481 Magnolia Lane has 1,749 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 1,200. In total, the area measurement of the land is 7,800 square feet.

Learn more about the property and building on this page. There is a porch and a patio. For those who need parking, there is a garage. The garage is 437 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 B. The condition of the building has been evaluated as average. As for heating, the home is utilizing a 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. The property was last sold in Nov 18, 2021 for $2,440,000. That's $1,395.08 per sqft. 481 Magnolia Lane was last assessed in 2023. The total value of the property was assessed at $2,488,800. Specifically, the land the property is located on was valued at $1,866,600. While improvements on the property were assessed at a total of $622,200. 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 $28,743. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 437
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 7,800
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,749
  • Gross Building Area: 1,749
  • Building Area: 1,749
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,749
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOREST PARK
  • Land Acres: 0.179
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT 2530 FOREST PARK BOOK 118 PAGE 24 PAGE 25 LOT 96

Ownership

  • Current Owner : ZHANG CHEN
  • Current Owner 2: LIU ZUOLIN
  • Previous Owner : CHAINE GERALD H
  • Previous Owner 2: CHAINE CATHERINE F
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Santa Clara Unified School District
  • Census Tract: 506101

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 60-E3
  • Subdivision Tract Number: 2530
  • Parcel: 293-28-033
  • Lot: 96
  • Municipality: SANTA CLARA
  • Latitude: 37.3315
  • Longitude: -121.975

    Address

  • Full Address: 481 Magnolia Ln
  • Address - House Number: 481
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Santa Clara
  • Carrier Code: C024
  • 4-Digit Zip Code: 5637
  • Zip Code: 95051

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $28,743
  • Tax Rate Code Area: 07-014

    Appraisal Valuation

  • Standard Deviation: 0.2025
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 72
  • Final Value: 2,245,486
  • High Value: 2,700,200
  • Low Value: 1,790,773

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,760,000
  • First Open Lien Mortgage Lender: HSBC BANK USA
  • First Open Lien Mortgage Recording Date: Dec 02, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,760,000
  • 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: Dec 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,488,800
  • Assessed Land Value: $1,866,600
  • Assessed Improvements Value: $622,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 18, 2021
  • Current Sale Recording Date: Dec 02, 2021
  • Current Sale Transaction ID: 11870864233
  • Current Sale Price: $2,440,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25184161

    Last Sale Mortgage

  • First Mortgage Lender: HSBC BANK USA
  • First Mortgage Transaction Date: Dec 02, 2021
  • First Mortgage Loan Amount: $1,760,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Santa Clara



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Frequently Asked Questions

What neighborhood is 481 Magnolia Lane located in?
The 481 Magnolia Lane is a located in the neighborhood of Santa Clara in Santa Clara, Santa Clara.
What is the average sales price for listings in 481 Magnolia Lane?
The average sales price for units in 481 Magnolia Lane is $0 currently.

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