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1059 Melrose Avenue

1059 Melrose Avenue, Alameda, CA 94502
Property in Bay Farm Island
Sold Feb 14, 2013
$415,000
$115,000 by Victoria Financial Corp
Mortgage Due Mar 01, 2043
Sold Nov 17, 2009
$400,000
$300,000 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2039
1059 Melrose Avenue in Alameda, CA was first built in 1973 and is 51 years old. Although, the building on the property was most recently renovated and altered in 1974. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a custom style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1059 Melrose Avenue has 1,760 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 1,896 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. 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, 1059 Melrose Avenue sold most recently in Feb 5, 2013 for a total of $415,000. If you work out the math, that's approximately a cost of $235.80 per sqft. Before that, the property was also sold for $400,000 in Nov 6, 2009. 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 $7,799 in taxes each year. 1059 Melrose Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $481,553. If we break it down further, the land itself was valued at $144,466. Improvements to the property, however, were assessed at a total of $337,087. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1973
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,896
  • Total Building Area: 1,760
  • Building Area: 1,760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,760
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GARDEN ISLE
  • Land Acres: 0.044
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LOT: 00104 BLK: 0001 TR: 3422

Ownership

  • Current Owner : WANG JOSHUA
  • Current Owner 2: WANG PIN PIN JACQUELIN
  • Previous Owner : KIM STEVEN S
  • Previous Owner 2: KIM EUNICE B
  • Owner Before Previous Owner: KOO JAY H
  • Owner Before Previous Owner 2: KOO MIJONG L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Alameda City Unified School District
  • Census Tract: 428301

Geography

  • Assessors Map Reference: 21-E4
  • Subdivision Tract Number: 3422
  • Parcel: 74-1075-127
  • Block: 1
  • Lot: 104
  • Municipality: CITY OF ALAMEDA
  • Latitude: 37.7325
  • Longitude: -122.236

    Address

  • Full Address: 1059 Melrose Ave
  • Legal Unit: 1
  • Address - House Number: 1059
  • Address - Street Name: Melrose
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Alameda
  • Carrier Code: C038
  • 4-Digit Zip Code: 7067
  • Zip Code: 94502

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,799
  • Tax Rate Code Area: 21-000

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 73
  • Final Value: 1,021,181
  • High Value: 1,221,553
  • Low Value: 820,810

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $115,000
  • First Open Lien Mortgage Lender: VICTORIA FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Feb 14, 2013
  • First Open Lien Mortgage Loan Amount: $115,000
  • 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: Mar 01, 2043

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $481,553
  • Assessed Land Value: $144,466
  • Assessed Improvements Value: $337,087

    Sales

  • Current Sale Contract Date: Feb 05, 2013
  • Current Sale Recording Date: Feb 14, 2013
  • Current Sale Transaction ID: 1030824088
  • Current Sale Price: $415,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2013064134
  • Previous Sale Recording Date: Nov 17, 2009
  • Previous Sale Contract Date: Nov 06, 2009
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: VICTORIA FINANCIAL CORP
  • First Mortgage Transaction Date: Feb 14, 2013
  • First Mortgage Loan Amount: $115,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Nov 17, 2009
  • Previous Mortgage Loan Amount: $300,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2039

About Bay Farm Island



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Frequently Asked Questions

What neighborhood is 1059 Melrose Avenue located in?
The 1059 Melrose Avenue is a located in the neighborhood of Bay Farm Island in Bay Farm Island, Alameda.
What is the average sales price for listings in 1059 Melrose Avenue?
The average sales price for units in 1059 Melrose Avenue is $0 currently.

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