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5060 Graves Avenue

5060 Graves Avenue, San Jose, CA 95129
Property in Country Lane
Sold Dec 06, 2021
$1,570,000
$1,237,160 by Googain Inc
Mortgage Due Jan 01, 2052
Sold Jul 10, 2017
$1,376,000
$976,000 by Stanford Fcu
Mortgage Due Aug 01, 2047
Local assessors in San Jose, CA have categorized 5060 Graves Avenue as a residential type of property. The home was built in 2006 and is 18 years old. The property's lot size has been calculated to be 1,000 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 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 are 3 full bathrooms. There are also 3 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 5060 Graves Avenue has a total of 1,850 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 492 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a porch and a 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 - B. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. 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, 5060 Graves Avenue sold most recently in Dec 2, 2021 for a total of $1,570,000. If you work out the math, that's approximately a cost of $848.65 per sqft. Before that, the property was also sold for $1,376,000 in Jul 5, 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 $21,053 in taxes each year. 5060 Graves Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,420,000. If we break it down further, the land itself was valued at $710,000. Improvements to the property, however, were assessed at a total of $710,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Condo
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 492
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 1,000
  • Total Building Area: 1,850
  • Gross Building Area: 1,017
  • Building Area: 1,850
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,850
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 9605-SIENA SARATOGA PH 4
  • Land Acres: 0.023
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT 9605

Ownership

  • Current Owner : LAI MICHAEL ANDREW
  • Current Owner 2: CHEN YEN LIN
  • Previous Owner : GUAN XIMENG
  • Previous Owner 2: CHEN CAN
  • Owner Before Previous Owner: WU DIANA
  • Owner Before Previous Owner 2: WU CHRISTINE
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Campbell Union High School District
  • Census Tract: 506202

Zoning

  • Zoning: C3

Geography

  • Subdivision Tract Number: 9605
  • Parcel: 381-38-126
  • Lot: 4
  • Municipality: SAN JOSE
  • Latitude: 37.2941
  • Longitude: -121.991

    Address

  • Full Address: 5060 Graves Ave
  • Address - House Number: 5060
  • Address - Street Name: Graves
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: San Jose
  • Carrier Code: C029
  • 4-Digit Zip Code: 5126
  • Zip Code: 95129

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,053
  • Tax Rate Code Area: 17-046

    Appraisal Valuation

  • Standard Deviation: 0.1871
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 75
  • Final Value: 1,562,397
  • High Value: 1,854,776
  • Low Value: 1,270,019

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,237,160
  • First Open Lien Mortgage Lender: GOOGAIN INC
  • First Open Lien Mortgage Recording Date: Dec 06, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,237,160
  • 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: Jan 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,420,000
  • Assessed Land Value: $710,000
  • Assessed Improvements Value: $710,000

    Sales

  • Current Sale Contract Date: Dec 02, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Transaction ID: 11872968264
  • Current Sale Price: $1,570,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25186431
  • Previous Sale Recording Date: Jul 10, 2017
  • Previous Sale Contract Date: Jul 05, 2017
  • Previous Sale Amount: $1,376,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: GOOGAIN INC
  • First Mortgage Transaction Date: Dec 06, 2021
  • First Mortgage Loan Amount: $1,237,160
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: STANFORD FCU
  • Previous Mortgage Transaction Date: Jul 10, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $976,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Aug 01, 2047

About West Valley



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 5060 Graves Avenue located in?
The 5060 Graves Avenue is a located in the neighborhood of Country Lane in West Valley, San Jose.
What is the average sales price for listings in 5060 Graves Avenue?
The average sales price for units in 5060 Graves Avenue is $0 currently.

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