NOT LISTED FOR SALE

21650 Rainbow Ct Cupertino, CA 95014

McClellan Neighborhood

Estimated Value: $4,289,000 - $5,401,744

0.9 Acre
$5,360,049 Price per Acre
39,191 Sq Ft Lot

Last Sold December 09, 2020

Last sale price $1,850,000 $460 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $27,983/month

151 Days on Market

Highlights

  • Panoramic View
  • 0.9 Acre Lot
  • Wood Fence
  • Blue Hills Elementary School Rated A-

About This Lot

As of December 2020

Nestled within the scenic landscape of the quiet & private prestigious Cupertino neighborhood, this gorgeous property with unobstructed stunning views presents the perfect opportunity for developers or buyers wanting to build their dream home. All of the key work has been completed & ready for permits for 5028sf w/3 levels, 425sf garage plus 750sf ADU. Architectural, civil, soils and structural engineering are all completed and available to buyers. Ready for permits or buyers can change their plans with their renowned architect. Utilities & sewer avail! Lot cleared and site ready to build! Nearby golf courses, sports clubs & nature preserves, close to shopping, dining and popular bike/hike trails at Fremont Older Preserve. Commuters enjoy easy access to Hwy 85, 280 & all commutes. Nationally ranked schools: Regnart, Kennedy Middle, and Monta Vista High and walking/biking distance from De Anza College.

Last Agent to Sell the Property

Lynn Burnett North

Compass License #01490039 Listed on: 06/25/2020

Compass

Last Buyer's Agent

John Jenkins

Compass License #01291177

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $32,889

Lot Details

  • 0.9 Acre Lot
  • Wood Fence
  • Chain Link Fence
  • Mostly Level

Property Views

  • Panoramic
  • City Lights
  • Hills

Outdoor Features

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$32,889

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Present Use: Residential, Single Family, Vacant
  • Development Status: Building Plans Filed, Building Site Cleared, Have Building Plans, Recorded Parcel Map, Site Plan Approved, Subdivision - Not Possible
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City Lights, Hills, Panoramic
  • Fencing: Chain Link, Wood

Utilities

  • Sewer/Septic System: Sewer - Public, Sewer Available

Schools

  • School District: Fremont Union High
  • Elementary School: William Regnart Elementary
  • Middle School: John F. Kennedy Middle
  • High School: Monta Vista High
  • High School: 260
  • Elementary School: 97
  • Middle School: 84

Lot Info

  • Lot Description: Grade - Mostly Level, Regular, Surveyed, Views
  • Lot Acres: 0.8997
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 39192.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 39192.00
  • Parcel Access: City Street, Private Road - Share Access

Multi Family

  • Utilities: Electricity - Available At Street, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2025
Sold by
Subramanian Family 2013 Trust and Subramanian Vijay V
Bought by
Subramanian Family 2013 Trust and Subramanian
Current Estimated Value
$4,822,436

Purchase Details

Closed on
Nov 8, 2021
Sold by
Subramanian 2013 Family Trust
Bought by
City Of Cupertino

Purchase Details

Listed on
Jun 25, 2020
Closed on
Dec 2, 2020
Sold by
Barniv Zuri M and Barniv Michal
Bought by
Subramanian Vijay V and Subramanian Swarna P
Seller's Agent
Lynn Burnett North
Compass
Buyer's Agent
John Jenkins
Compass
List Price
$2,498,000
Sold Price
$1,850,000
Premium/Discount to List
-$648,000
-25.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.69%

Purchase Details

Listed on
Apr 12, 2017
Closed on
Jul 20, 2017
Sold by
Zanotti David M and Zanotti Colleen
Bought by
Barniv Zuri M and Barniv Michal
Seller's Agent
Kerry Williams
Coldwell Banker Realty
Buyer's Agent
Rebecca Yen
Coldwell Banker Realty
List Price
$3,000,000
Sold Price
$2,350,000
Premium/Discount to List
-$650,000
-21.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.97%
Original Mortgage
$750,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 7, 2002
Sold by
Zanotti David M
Bought by
Zanotti David M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Subramanian Family 2013 Trust -- None Listed On Document
City Of Cupertino -- None Listed On Document
Subramanian Vijay V $1,850,000 First American Title Company
Barniv Zuri M $2,350,000 Cornerstone Title Company
Zanotti David M -- Cornerstone Title Company
Zanotti David M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barniv Zuri M $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/09/2020 12/09/20 Sold $1,850,000 -19.5% $460 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
10/15/2020 10/15/20 Price Changed $2,298,000 -4.2% $571 / Sq Ft
07/19/2020 07/19/20 Price Changed $2,398,000 -2.0% $596 / Sq Ft
07/14/2020 07/14/20 Price Changed $2,448,000 -2.0% $608 / Sq Ft
06/25/2020 06/25/20 For Sale $2,498,000 +6.3% $621 / Sq Ft
08/18/2017 08/18/17 Sold $2,350,000 -21.7% $584 / Sq Ft View Prior Sale
07/05/2017 07/05/17 Pending -- -- --
04/12/2017 04/12/17 For Sale $3,000,000 -- $745 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $32,889 $3,702,498 $2,002,498 $1,700,000
2024 $32,889 $2,700,254 $1,963,234 $737,020
2023 $32,889 $2,351,880 $1,924,740 $427,140
2022 $23,195 $1,887,000 $1,887,000 $0
2021 $22,955 $1,850,000 $1,850,000 $0
2020 $30,007 $2,444,940 $2,444,940 $0
2019 $29,199 $2,397,000 $2,397,000 $0
2018 $28,540 $2,350,000 $2,350,000 $0
2017 $9,308 $701,669 $267,865 $433,804
2016 $9,002 $687,912 $262,613 $425,299
2015 $8,922 $677,580 $258,669 $418,911
2014 $8,688 $664,309 $253,603 $410,706
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lynn Burnett North

    Compass

    Section Image

  • J

    Buyer's Agent in 2020

    John Jenkins

    Compass

    Section Image

  • K

    Seller's Agent in 2017

    Kerry Williams

    Coldwell Banker Realty

    Section Image
  • Rebecca Yen

    Buyer's Agent in 2017

    Rebecca Yen

    Coldwell Banker Realty

    (408) 768-1478

    19 in this area

    69 Total Sales

    Rebecca Yen
    Section Image
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Map

Source: MLSListings

MLS Number: ML81798013

MLSListings

APN: 366-38-007

California Santa Clara County Cupertino 95014 McClellan

21650 Rainbow Ct, Cupertino, CA

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