NOT LISTED FOR SALE

243 Rainbow Place Unit 81 Milpitas, CA 95035

Estimated Value: $1,309,704 - $1,427,000

4 Beds
3.5 Baths
1,764 Sq Ft
$766/Sq Ft Est. Value

Last Sold October 25, 2016

Last sale price $850,000 $482 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $8,097/month

14 Days on Market

Highlights

  • Clubhouse
  • Community Pool
  • 2 Car Attached Garage
  • Mabel Mattos Elementary School Rated A
  • Open to Family Room
  • Community Playground

About This Home

As of October 2016

Gorgeous townhome in very desirable area. Best location in the community with largest floor plan 4/BR/3.5 BA, 2 suits, 2 car side-by side garage. Gourmet kitchen, granite countertops, maple cabinet. Bright & Airy. Community has a beautiful swimming pool with SPAs, club house, playground. Near to popular Great Mall shops, restaurants, theater, Home Depot, park and public transportation systems, VTA & future bart station. Easy access to 680, 880, 237.

Last Agent to Sell the Property

Roxane Chiang

Giant Realty Inc. License #01241072 Listed on: 08/26/2016

Last Buyer's Agent

Judy Cheng

Coldwell Banker The Professional Group License #01408993

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,198

Year Built

  • Built in 2000

Lot Details

  • 1,525

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,764 Sq Ft Home
  • 3-Story Property
  • Fireplace With Gas Starter
  • Dining Area
  • Open to Family Room
  • Washer and Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms

Additional Features

  • 1,525 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 086-50-050

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include maintenance - common area, management fee, pool spa or tennis
  • Parc Metro Association
  • The community has rules related to parking rules

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,198

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Subclass: Townhouse
  • Restrictions: Age - No Restrictions, Parking Restrictions
  • Age: 16
  • Listing Class: Residential
  • Structure Sq Ft: 1764
  • Year Built: 2000
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Starter
  • Dining Room: Dining Area
  • Living Sq Ft: 1764
  • Stories: 3
  • Laundry: Washer / Dryer
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 240
  • HOA Amenities: Club House, Community Pool, Playground
  • Association Fees Include: Maintenance - Common Area, Management Fee, Pool, Spa, or Tennis
  • H O A Name Text: Parc Metro
  • H O A Exist: Yes

Schools

  • School District: Milpitas Unified

Lot Info

  • Parcel Number: 086-50-050
  • Lot Acres: 0.0350
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1512.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1512.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Milpitas Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2016
Closed on
Oct 18, 2016
Sold by
Chou Hsiao Yi and Lee Li Chun
Bought by
Xu Bing and Hu Jiani
Seller's Agent
Roxane Chiang
Giant Realty Inc.
Buyer's Agent
Judy Cheng
Coldwell Banker The Professional Group
List Price
$848,000
Sold Price
$850,000
Premium/Discount to List
$2,000
0.24%
Current Estimated Value
$1,351,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$501,176
Avg. Annual Appreciation
5.32%
Original Mortgage
$400,000
Outstanding Balance
$320,471
Interest Rate
3.44%
Mortgage Type
New Conventional
Estimated Equity
$1,030,705

Purchase Details

Closed on
Feb 27, 2008
Sold by
Chou Hsiao Yi
Bought by
Chou Hsiao Yi and Lee Li Chun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2004
Sold by
Kung Jeremiah and Kung Robert A
Bought by
Chou Hsiao Yi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2002
Sold by
Kung Jeremiah
Bought by
Kung Jeremiah and Kung Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Interest Rate
5.95%

Purchase Details

Closed on
May 13, 2002
Sold by
Kung Jeremiah
Bought by
Kung Jeremiah and Kung Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
7.13%

Purchase Details

Closed on
May 10, 2002
Sold by
Kung Robert A and Kung Lola
Bought by
Kung Jeremiah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
7.13%

Purchase Details

Closed on
Jul 13, 2001
Sold by
Rgcclpo Development Co Llc
Bought by
Kung Robert A and Kung Lola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

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Average Value
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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
Xu Bing $850,000 Fidelity National Title Co
Chou Hsiao Yi -- Chicago Title Co
Chou Hsiao Yi $580,000 Stewart Title Of California
Kung Jeremiah -- Stewart Title Of California
Kung Jeremiah $109,000 American Title Company
Kung Jeremiah $141,500 American Title Insurance Co
Kung Jeremiah -- --
Kung Jeremiah -- New Century Title
Kung Robert A $582,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xu Bing $400,000
Previous Owner Chou Hsiao Yi $300,000
Previous Owner Chou Hsiao Yi $175,000
Previous Owner Kung Jeremiah $283,000
Previous Owner Kung Jeremiah $284,000
Previous Owner Kung Robert A $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2016 10/25/16 Sold $850,000 +0.2% $482 / Sq Ft
09/10/2016 09/10/16 Pending -- -- --
08/26/2016 08/26/16 For Sale $848,000 -- $481 / 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 $11,198 $986,490 $493,245 $493,245
2024 $11,198 $967,148 $483,574 $483,574
2023 $11,163 $948,186 $474,093 $474,093
2022 $11,118 $929,596 $464,798 $464,798
2021 $10,957 $911,370 $455,685 $455,685
2020 $10,766 $902,026 $451,013 $451,013
2019 $10,641 $884,340 $442,170 $442,170
2018 $10,101 $867,000 $433,500 $433,500
2017 $9,971 $850,000 $425,000 $425,000
2016 $7,944 $682,938 $409,765 $273,173
2015 $7,865 $672,680 $403,610 $269,070
2014 $7,654 $659,504 $395,704 $263,800
Source: Public Records

Agents Affiliated with this Home

  • Roxane Chiang

    Seller's Agent in 2016

    Roxane Chiang

    Giant Realty Inc.

    (408) 988-0888

    13 Total Sales

    Roxane Chiang
    Section Image

  • J

    Buyer's Agent in 2016

    Judy Cheng

    Coldwell Banker The Professional Group

See All Agents

Map

Source: MLSListings

MLS Number: ML81611714

MLSListings

APN: 086-50-050

California Santa Clara County Milpitas 95035

243 Rainbow Place Unit 81, Milpitas, CA

This home is located at 243 Rainbow Place Unit 81, Milpitas, CA 95035 since 26 August 2016 and is currently estimated at $1,351,176, approximately $765 per square foot. This property was built in 2000. 243 Rainbow Place Unit 81 is a home located in Santa Clara County with nearby schools including Mabel Mattos Elementary School, Rancho Milpitas Middle School, and Milpitas High School.

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