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7030 Spumante Way

7030 Spumante Way, Gilroy, CA 95020
Property in Santa Clara
Sold Aug 26, 2021
$1,131,000
$900,000 by Lennar Mortgage Llc
Mortgage Due Sep 01, 2051
This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 7030 Spumante Way has 2,984 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. In total, the area measurement of the land is 4,113 square feet.

Learn more about the property and building on this page. 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 good. As for heating, the home is utilizing a forced air unit. 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, 7030 Spumante Way sold most recently in Aug 18, 2021 for a total of $1,131,000. If you work out the math, that's approximately a cost of $379.02 per sqft. 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 $14,127 in taxes each year. 7030 Spumante Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,130,802. If we break it down further, the land itself was valued at $620,802. Improvements to the property, however, were assessed at a total of $510,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

Building Features

Condition

New Construction
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,113
  • Total Building Area: 2,984
  • Gross Building Area: 1,462
  • Building Area: 2,984
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,984
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 10345
  • Land Acres: 0.094
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : HAMID FINNAH NAMISSA
  • Previous Owner : CALATLANTIC GROUP INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Woman as her sole & separate property

Neighborhood

  • Census Tract: 512513

Zoning

  • Zoning: ND

Geography

  • Subdivision Tract Number: 10345
  • Parcel: 808-56-063
  • Municipality: GILROY
  • Latitude: 36.9954
  • Longitude: -121.595

    Address

  • Full Address: 7030 Spumante Way
  • Address - House Number: 7030
  • Address - Street Name: Spumante
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Gilroy
  • Carrier Code: C028
  • 4-Digit Zip Code: 2756
  • Zip Code: 95020

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,127
  • Tax Rate Code Area: 02-001

    Appraisal Valuation

  • Standard Deviation: 0.2237
  • Valuation Date: May 17, 2023
  • Confidence Score: 69
  • Final Value: 1,094,202
  • High Value: 1,339,082
  • Low Value: 849,323

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $900,000
  • First Open Lien Mortgage Lender: LENNAR MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 26, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $900,000
  • 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: Sep 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,130,802
  • Assessed Land Value: $620,802
  • Assessed Improvements Value: $510,000

    Sales

  • Current Sale Contract Date: Aug 18, 2021
  • Current Sale Recording Date: Aug 26, 2021
  • Current Sale Transaction ID: 11852922191
  • Current Sale Price: $1,131,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25079156

About Gilroy



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 7030 Spumante Way located in?
The 7030 Spumante Way is a other located in the neighborhood of Santa Clara in Gilroy, Gilroy.
What is the average sales price for listings in 7030 Spumante Way?
The average sales price for units in 7030 Spumante Way is $0 currently.

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