RENTED NOV 12, 2025

7150 Rainbow Dr Unit 42 San Jose, CA 95129

Calabazas Neighborhood

Estimated Value: $760,827 - $968,000

2 Beds
1.5 Baths
1,050 Sq Ft
$816/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $760,000 $724 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,204/month

Highlights

  • Private Pool
  • Guest Parking
  • Heating Available
  • Nelson S. Dilworth Elementary School Rated A-
  • Dining Area

About This Home

As of November 2025

A unique top-floor corner two-story 2 bedroom, 1.5 bathroom condo with in-unit laundry located in the tranquil Cupertino Creekside community near multiple parks and shops/restaurants along S De Anza Blvd. The private patio and all windows have views of the park-like community space that is surrounded by trees, just a few steps away. A bridge leads you to a tree-lined community pool that provides the perfect oasis setting for relaxing. There's also a well-equipped gym, game room and lots of reservable community space for private events. The unit has one garage parking space and an additional area for storage. Long-term tenants are preferred. Including property management, water and garbage.

Last Agent to Rent the Property

Olivia Wong

Coldwell Banker Realty License #02057114 Listed on: 10/20/2025

Coldwell Banker Realty

Co-Listed By

Ivy Liang

Coldwell Banker Realty License #02045256

Last Renter's Agent

Olivia Wong

Coldwell Banker Realty License #02057114 Listed on: 10/20/2025

Coldwell Banker Realty

Property Details

Home Type

  • Apartment

Year Built

  • 1964

Lot Details

  • 436

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Guest Parking
  • On-Street Parking

Interior Spaces

  • 1,050 Sq Ft Home
  • 2-Story Property
  • Dining Area

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • Private Pool
  • Heating Available

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Security Deposit $3,050
  • Property Available on 10/20/25
  • Rent includes hot water, laundry facilities, pool/spa, sewer, water
  • 3-Month Minimum Lease Term

Property Details

Home Type

Apartment

Year Built

1964

Lot Details

436 Sq Ft Lot

Parking

1

Rental Info

  • Available: 10/20/2025
  • Lease Terms: Credit Report Required, Deposit Required
  • Minimum Lease Months: 3
  • Rent Includes: Hot Water, Laundry Facilities, Pool/Spa, Sewer, Water
  • Security Deposit: 3050

Listing Details

  • Subclass: Apartment/Condo For Rent
  • Listing Class: Residential Lease/Rental
  • Structure Sq Ft: 1050
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area
  • Living Sq Ft: 1050
  • Stories: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Pool Description: Yes

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Covered Parking, Gate / Door Opener, Guest / Visitor Parking, On Street, Parking Area

Utilities

  • Heating System: Electric

Condo/Co-op/Association

  • HOA Exist: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2022
Closed on
Sep 29, 2022
Sold by
Chacon Martha
Bought by
Tao Jun and Wang Min
Seller's Agent
Kenan Jue
Redfin
Buyer's Agent
JIA LI
Gemstone Estate, Inc.
List Price
$699,000
Sold Price
$760,000
Premium/Discount to List
$61,000
8.73%
Views
11
Current Estimated Value
$856,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,707
Avg. Annual Appreciation
3.62%
Original Mortgage
$532,000
Outstanding Balance
$514,996
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$341,711

Purchase Details

Closed on
Jan 28, 1998
Sold by
Tellep Daniel M and Tellep Patricia T
Bought by
Chacon Martha

Purchase Details

Closed on
Jan 29, 1997
Sold by
Tellop Daniel M and Tellep Patricia T
Bought by
Chacon Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 16, 1996
Sold by
Cupertino Property Inc
Bought by
Tellep Daniel M and Tellep Patricia T
Source: Public Records
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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
Tao Jun $760,000 Fidelity National Title
Chacon Martha -- --
Chacon Martha $80,000 Stewart Title
Tellep Daniel M $160,000 Santa Clara Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tao Jun $532,000
Previous Owner Chacon Martha $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2025 11/12/25 Rented $3,050 0.0% --
11/11/2025 11/11/25 Under Contract -- -- --
10/20/2025 10/20/25 For Rent $3,050 0.0% --
02/04/2025 02/04/25 Off Market $760,000 -- --
10/21/2022 10/21/22 Sold $760,000 +8.7% $724 / Sq Ft View Prior Sale
09/28/2022 09/28/22 Pending -- -- --
09/15/2022 09/15/22 For Sale $699,000 -- $666 / Sq Ft
Source: MLSListings

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 $9,653 $790,704 $395,352 $395,352
2024 $9,653 $775,200 $387,600 $387,600
2023 $9,557 $760,000 $380,000 $380,000
2022 $4,181 $283,654 $111,202 $172,452
2021 $4,119 $278,093 $109,022 $169,071
2020 $4,070 $275,243 $107,905 $167,338
2019 $3,996 $269,847 $105,790 $164,057
2018 $3,895 $264,557 $103,716 $160,841
2017 $3,875 $259,371 $101,683 $157,688
2016 $3,754 $254,287 $99,690 $154,597
2015 $3,722 $250,468 $98,193 $152,275
2014 $3,592 $245,563 $96,270 $149,293
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML82025396

MLSListings

APN: 372-37-042

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