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1700 Mills Avenue

1700 Mills Avenue, Belmont, CA 94002
Property in Central
Sold Aug 27, 2021
$2,060,000
$822,000 by General Mortgage Capital Corp
Mortgage Due Aug 01, 2036
Local assessors in Belmont, CA have categorized 1700 Mills Avenue as a residential type of property. The home was built in 1966 and is 58 years old. The property's lot size has been calculated to be 19,300 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1700 Mills Avenue has a total of 2,380 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 460 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 1700 Mills Avenue sold most recently in Aug 12, 2021 for a total of $2,060,000. If you work out the math, that's approximately a cost of $865.55 per sqft. 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 $24,187 in taxes each year. 1700 Mills Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $2,060,000. If we break it down further, the land itself was valued at $1,525,000. Improvements to the property, however, were assessed at a total of $535,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 460
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 19,300
  • Total Building Area: 2,380
  • Gross Building Area: 2,380
  • Building Area: 2,380
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,380
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BELMONT CO CLUB PROP 6
  • Land Acres: 0.443
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 63 BLOCK 82 BELMONT CO CLUB PROP 6

Ownership

  • Current Owner : LAU JIM Z
  • Current Owner 2: SAELEE CHIAO T
  • Previous Owner : STARK WILLIAM W
  • Previous Owner 2: THE OGDEN JAY LAMONT JR TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Sequoia Union High School District
  • Census Tract: 608700

Zoning

  • Zoning: R10006

Geography

  • Assessors Map Reference: 32-F3
  • Parcel: 044-102-010
  • Block: 82
  • Lot: 63
  • Latitude: 37.5263
  • Longitude: -122.295

    Address

  • Full Address: 1700 Mills Ave
  • Address - House Number: 1700
  • Address - Street Name: Mills
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Belmont
  • Carrier Code: C004
  • 4-Digit Zip Code: 1925
  • Zip Code: 94002

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $24,187
  • Tax Rate Code Area: 03-025

    Appraisal Valuation

  • Standard Deviation: 0.2091
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 71
  • Final Value: 2,345,018
  • High Value: 2,835,377
  • Low Value: 1,854,658

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $822,000
  • First Open Lien Mortgage Lender: GENERAL MORTGAGE CAPITAL CORP
  • First Open Lien Mortgage Recording Date: Aug 27, 2021
  • First Open Lien Mortgage Loan Amount: $822,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2036

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,060,000
  • Assessed Land Value: $1,525,000
  • Assessed Improvements Value: $535,000

    Sales

  • Current Sale Contract Date: Aug 12, 2021
  • Current Sale Recording Date: Aug 27, 2021
  • Current Sale Transaction ID: 11855350508
  • Current Sale Price: $2,060,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-124857

    Last Sale Mortgage

  • First Mortgage Lender: GENERAL MORTGAGE CAPITAL CORP
  • First Mortgage Transaction Date: Aug 27, 2021
  • First Mortgage Loan Amount: $822,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2036

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Frequently Asked Questions

What neighborhood is 1700 Mills Avenue located in?
The 1700 Mills Avenue is a located in the neighborhood of Central in Central, Belmont.
What is the average sales price for listings in 1700 Mills Avenue?
The average sales price for units in 1700 Mills Avenue is $0 currently.

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