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550 Prada Drive

550 Prada Drive, Milpitas, CA 95035
Property in Santa Clara
Sold Jun 11, 2013
$800,000
$510,000 by Googain Inc
Mortgage Due Aug 01, 2050
Sold Jul 13, 1994
$282,000
$253,800 by Allied Bank
Mortgage Due Aug 01, 2024
Local assessors in Milpitas, CA have categorized 550 Prada Drive as a residential type of property. The home was built in 1978 and is 46 years old. The property's lot size has been calculated to be 6,510 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 620 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. 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 2 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 550 Prada Drive has a total of 2,097 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 493 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 unknown and a unknown 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 home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in May 22, 2013 for $800,000. That's $381.50 per sqft. Prior to that sales transaction, the property was also sold in Jul 7, 1994 for $282,000. 550 Prada Drive was last assessed in 2023. The total value of the property was assessed at $946,880. Specifically, the land the property is located on was valued at $591,801. While improvements on the property were assessed at a total of $355,079. 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 $11,132. 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: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 493
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,510
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 620
  • Total Building Area: 2,097
  • Gross Building Area: 1,197
  • Building Area: 2,097
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,097
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 6104
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT 6104 BOOK 413 PAGE 39 PAGE 40 LOT 11

Ownership

  • Current Owner : ZHANG MING
  • Current Owner 2: WANG HAITAO
  • Previous Owner : CAUGHEY SHIRLEY L
  • Owner Before Previous Owner: WATKINS RICHARD D
  • Owner Before Previous Owner 2: GUERRERO MARLENE E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Milpitas Unified School District
  • Census Tract: 504424

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 48-B1
  • Subdivision Tract Number: 6104
  • Parcel: 029-41-054
  • Lot: 11
  • Municipality: MILPITAS
  • Latitude: 37.4437
  • Longitude: -121.885

    Address

  • Full Address: 550 Prada Dr
  • Address - House Number: 550
  • Address - Street Name: Prada
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Milpitas
  • Carrier Code: C019
  • 4-Digit Zip Code: 4025
  • Zip Code: 95035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,132
  • Tax Rate Code Area: 12-003

    Appraisal Valuation

  • Standard Deviation: 0.1908
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 1,791,512
  • High Value: 2,133,449
  • Low Value: 1,449,574

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,000
  • First Open Lien Mortgage Lender: GOOGAIN INC
  • First Open Lien Mortgage Recording Date: Oct 13, 2020
  • First Open Lien Mortgage Loan Amount: $510,000
  • 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: Aug 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $946,880
  • Assessed Land Value: $591,801
  • Assessed Improvements Value: $355,079

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 22, 2013
  • Current Sale Recording Date: Jun 11, 2013
  • Current Sale Transaction ID: 1047668804
  • Current Sale Price: $800,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 22257444
  • Previous Sale Recording Date: Jul 13, 1994
  • Previous Sale Contract Date: Jul 07, 1994
  • Previous Sale Amount: $282,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jun 11, 2013
  • First Mortgage Loan Amount: $625,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: ALLIED BANK
  • Previous Mortgage Transaction Date: Jul 13, 1994
  • Previous Mortgage Loan Amount: $253,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Aug 01, 2024

About Milpitas



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Frequently Asked Questions

What neighborhood is 550 Prada Drive located in?
The 550 Prada Drive is a located in the neighborhood of Santa Clara in Milpitas, Milpitas.
What is the average sales price for listings in 550 Prada Drive?
The average sales price for units in 550 Prada Drive is $0 currently.

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