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1162 Bismarck Lane

1162 Bismarck Lane, Alameda, CA 94502
Property in Bay Farm Island
Sold Feb 09, 2021
$910,000
$809,100 by General Mortgage Capital Corp
Mortgage Due Mar 01, 2051
Sold Sep 17, 2014
$550,500
$440,000 by International City Mortgage In
Mortgage Due Oct 01, 2044
1162 Bismarck Lane has been categorized by the local assessors in Alameda, CA as a residential type of property. The building on the property was first built in 1970 and is 54 years old. However, we must point out that the home was most recently renovated and altered in 1971. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1162 Bismarck Lane has 1,766 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 1,694 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a custom style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. 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, 1162 Bismarck Lane sold most recently in Jan 26, 2021 for a total of $910,000. If you work out the math, that's approximately a cost of $515.29 per sqft. Before that, the property was also sold for $550,500 in Sep 11, 2014. 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 $13,040 in taxes each year. 1162 Bismarck Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $928,200. If we break it down further, the land itself was valued at $278,460. Improvements to the property, however, were assessed at a total of $649,740. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1970
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • 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: 2

    Dimensions

  • Lot Size Square Feet: 1,694
  • Total Building Area: 1,766
  • Building Area: 1,766
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,766
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.039
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LOT: 00076 BLK: 0003 TR: 3106

Ownership

  • Current Owner : WANG CALVIN
  • Current Owner 2: XU JING
  • Previous Owner : CROGAN VIRGINIA
  • Previous Owner 2: CROGAN ROBERT
  • Owner Before Previous Owner: MARLOWE PATRICIA F
  • Owner Before Previous Owner 2: THE CHARLES & PATRICIA MARLOWE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

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

Geography

  • Assessors Map Reference: 21-D4
  • Subdivision Tract Number: 3106
  • Parcel: 74-1076-76
  • Lot: 76
  • Municipality: CITY OF ALAMEDA
  • Latitude: 37.7307
  • Longitude: -122.241

    Address

  • Full Address: 1162 Bismarck Ln
  • Address - House Number: 1162
  • Address - Street Name: Bismarck
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Alameda
  • Carrier Code: C085
  • 4-Digit Zip Code: 6962
  • Zip Code: 94502

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,040
  • Tax Rate Code Area: 21-000

    Appraisal Valuation

  • Standard Deviation: 0.1971
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 73
  • Final Value: 1,091,904
  • High Value: 1,307,181
  • Low Value: 876,627

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $809,100
  • First Open Lien Mortgage Lender: GENERAL MORTGAGE CAPITAL CORP
  • First Open Lien Mortgage Recording Date: Feb 09, 2021
  • First Open Lien Mortgage Loan Amount: $809,100
  • 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, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $928,200
  • Assessed Land Value: $278,460
  • Assessed Improvements Value: $649,740

    Sales

  • Current Sale Contract Date: Jan 26, 2021
  • Current Sale Recording Date: Feb 09, 2021
  • Current Sale Transaction ID: 11824972261
  • Current Sale Price: $910,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021057820
  • Previous Sale Recording Date: Sep 17, 2014
  • Previous Sale Contract Date: Sep 11, 2014
  • Previous Sale Amount: $550,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: GENERAL MORTGAGE CAPITAL CORP
  • First Mortgage Transaction Date: Feb 09, 2021
  • First Mortgage Loan Amount: $809,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: INTERNATIONAL CITY MORTGAGE IN
  • Previous Mortgage Transaction Date: Sep 17, 2014
  • Previous Mortgage Loan Amount: $440,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2044

About Bay Farm Island



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 1162 Bismarck Lane located in?
The 1162 Bismarck Lane is a located in the neighborhood of Bay Farm Island in Bay Farm Island, Alameda.
What is the average sales price for listings in 1162 Bismarck Lane?
The average sales price for units in 1162 Bismarck Lane is $0 currently.

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