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7698 Rainbow Drive

7698 Rainbow Drive, Cupertino, CA 95014
Property in Santa Clara
Sold Jul 19, 2013
$2,000,000
$1,400,000 by Hsbc Bank Usa
Mortgage Due Aug 01, 2043
Sold Jun 24, 2003
$725,000
$507,500 by Mit Lending
Mortgage Due Jul 01, 2033
7698 Rainbow Drive in Cupertino, CA was first built in 2007 and is 17 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. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 7698 Rainbow Drive has 2,730 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 750 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 7,500 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 513 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 Jul 12, 2013 for $2,000,000. That's $732.60 per sqft. Prior to that sales transaction, the property was also sold in Jun 13, 2003 for $725,000. 7698 Rainbow Drive was last assessed in 2023. The total value of the property was assessed at $2,356,515. Specifically, the land the property is located on was valued at $1,552,944. While improvements on the property were assessed at a total of $803,571. 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 $28,210. 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. 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: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 513
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,730
  • Gross Building Area: 2,160
  • Building Area: 2,730
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,730
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPRINGARDEN
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT 2014 SPRINGARDEN BOOK 93 PAGE 29 LOT 64

Ownership

  • Current Owner : WU XIAOCHUN
  • Current Owner 2: JIANG ZHENG
  • Previous Owner : CHAN HENRY C
  • Previous Owner 2: CHAN SOPHIA W
  • Owner Before Previous Owner: YEUNG FRANCIS W
  • Owner Before Previous Owner 2: YEUNG AURORA M
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Cupertino Union Elementary School District
  • Census Tract: 507808

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 64-F1
  • Subdivision Tract Number: 2014
  • Parcel: 366-11-028
  • Lot: 64
  • Municipality: CUPERTINO
  • Latitude: 37.3004
  • Longitude: -122.04

    Address

  • Full Address: 7698 Rainbow Dr
  • Address - House Number: 7698
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Cupertino
  • Carrier Code: C074
  • 4-Digit Zip Code: 5247
  • Zip Code: 95014

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $28,210
  • Tax Rate Code Area: 13-002

    Appraisal Valuation

  • Standard Deviation: 0.2027
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 72
  • Final Value: 3,617,714
  • High Value: 4,351,113
  • Low Value: 2,884,315

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,400,000
  • First Open Lien Mortgage Lender: HSBC BANK USA
  • First Open Lien Mortgage Recording Date: Jul 19, 2013
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2043

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,356,515
  • Assessed Land Value: $1,552,944
  • Assessed Improvements Value: $803,571

    Sales

  • Current Sale Contract Date: Jul 12, 2013
  • Current Sale Recording Date: Jul 19, 2013
  • Current Sale Transaction ID: 1048050560
  • Current Sale Price: $2,000,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 22308296
  • Previous Sale Recording Date: Jun 24, 2003
  • Previous Sale Contract Date: Jun 13, 2003
  • Previous Sale Amount: $725,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: HSBC BANK USA
  • First Mortgage Transaction Date: Jul 19, 2013
  • First Mortgage Loan Amount: $1,400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Aug 01, 2043

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MIT LENDING
  • Previous Mortgage Transaction Date: Jun 24, 2003
  • Previous Mortgage Loan Amount: $507,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2033

About Cupertino



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Frequently Asked Questions

What neighborhood is 7698 Rainbow Drive located in?
The 7698 Rainbow Drive is a located in the neighborhood of Santa Clara in Cupertino, Cupertino.
What is the average sales price for listings in 7698 Rainbow Drive?
The average sales price for units in 7698 Rainbow Drive is $0 currently.

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