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8527 Magnolia Way

8527 Magnolia Way, Gilroy, CA 95020
Property in Santa Clara
Sold Jul 19, 2017
$641,500
$680,000 by Broker Solutions Inc
Mortgage Due Aug 01, 2051
Sold May 04, 2012
$310,000
$302,141 by Wcs Lending Llc
Mortgage Due Jun 01, 2042
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8527 Magnolia Way has been categorized by the local assessors in Gilroy, CA as a residential type of property. The building on the property was first built in 2006 and is 18 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 8527 Magnolia Way has 1,570 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,484 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a custom style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. Finally, the property is currently sourcing its water from a well system. 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, 8527 Magnolia Way sold most recently in Jul 13, 2017 for a total of $641,500. If you work out the math, that's approximately a cost of $408.60 per sqft. Before that, the property was also sold for $310,000 in May 2, 2012. 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 $8,607 in taxes each year. 8527 Magnolia Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $701,273. If we break it down further, the land itself was valued at $355,434. Improvements to the property, however, were assessed at a total of $345,839. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 3,484
  • Total Building Area: 1,570
  • Gross Building Area: 807
  • Building Area: 1,570
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,570
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: 9511 WALNUT PARK
  • Land Acres: 0.08
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT 9511 LOT 6

Ownership

  • Current Owner : JIMMY KAY SAHR NIANIE
  • Current Owner 2: JIMMY KAY ROCEL RODRIGUEZ
  • Previous Owner : ROMERO MAREL
  • Previous Owner 2: ROMERO DAYRAMITZA
  • Owner Before Previous Owner: CAMPOS GEORGIA Y
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gilroy Unified School District
  • Census Tract: 512505

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 9511
  • Parcel: 790-20-098
  • Lot: 6
  • Municipality: GILROY
  • Latitude: 37.0184
  • Longitude: -121.591

    Address

  • Full Address: 8527 Magnolia Way
  • Address - House Number: 8527
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Gilroy
  • Carrier Code: C011
  • 4-Digit Zip Code: 3308
  • Zip Code: 95020

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,607
  • Tax Rate Code Area: 02-001

    Appraisal Valuation

  • Standard Deviation: 0.2034
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 72
  • Final Value: 951,421
  • High Value: 1,144,980
  • Low Value: 757,862

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $680,000
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Jul 28, 2021
  • First Open Lien Mortgage Loan Amount: $680,000
  • 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, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $701,273
  • Assessed Land Value: $355,434
  • Assessed Improvements Value: $345,839

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 13, 2017
  • Current Sale Recording Date: Jul 19, 2017
  • Current Sale Transaction ID: 1590025765
  • Current Sale Price: $641,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 23701028
  • Previous Sale Recording Date: May 04, 2012
  • Previous Sale Contract Date: May 02, 2012
  • Previous Sale Amount: $310,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jul 19, 2017
  • First Mortgage Loan Amount: $629,612
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: WCS LENDING LLC
  • Previous Mortgage Transaction Date: May 04, 2012
  • Previous Mortgage Loan Amount: $302,141
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2042

About Gilroy



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 8527 Magnolia Way located in?
The 8527 Magnolia Way is a located in the neighborhood of Santa Clara in Gilroy, Gilroy.
What is the average sales price for listings in 8527 Magnolia Way?
The average sales price for units in 8527 Magnolia Way is $0 currently.

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