Why is your value of a home in Santa Clara, ca so much higher than the public record?

Profile picture for Drjudya
You say a house at 3281 El Sobrante St. Is worth 700,000+, while the public record says it is worth only 126,000?
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April 06 2011 - Santa Clara
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Profile picture for Mills Realty
Public records in California show the assessed value.  This is the purchase value plus up to 3% in appreciation a year.  This in no way is the market value of a property.  If the property you inquired about was last sold in the 60's it would have had a much greater appreciation than the tax value hence the massive difference.
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April 06 2011
 

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