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2520 Read Avenue

2520 Read Avenue, Belmont, CA 94002
Property in Cipriani
Sold Jul 22, 2021
$2,100,000
$879,000 by Us Bank National Association
Mortgage Due Feb 01, 2053
Sold Dec 13, 2016
$690,000
2520 Read Avenue in Belmont, CA was first built in 1956 and is 68 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2520 Read Avenue has 1,320 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 5,000 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage underground or in the basement. The garage is 670 sqft. There are a total of 2 available parking spaces. As for heating, the home is utilizing a central heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2520 Read Avenue was last sold in Jul 21, 2021 for $2,100,000. According to our calculations, that's $1,055.28 per sqft. Prior to that sales transaction, the property was sold for $690,000 in Nov 22, 2016. Current property owners are expected to pay $16,429 in taxes per year. The property on 2520 Read Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,335,000. To break that down further, the land itself was valued at $1,335,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 670
  • Garage Type: Underground/basement
  • Garage Square Area: 670
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,990
  • Gross Building Area: 1,990
  • Building Area: 1,320
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,320
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BELMONT COUNTRY CLUB PROP
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 11 BLK 44 BELMONT COUNTRY CLUB PROP NO 2 RSM 12/13 TO 17 CITY OF BELMONT

Ownership

  • Current Owner : NIU KUN
  • Current Owner 2: JIN DANQING
  • Previous Owner : LI MICHAEL
  • Previous Owner 2: SU HELEN
  • Owner Before Previous Owner: LI MICHAEL
  • Owner Before Previous Owner 2: SU HELEN
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Sequoia Union High School District
  • Census Tract: 608800

Geography

  • Parcel: 044-032-320
  • Block: 44
  • Lot: 11
  • Latitude: 37.5157
  • Longitude: -122.302

    Address

  • Full Address: 2520 Read Ave
  • Address - House Number: 2520
  • Address - Street Name: Read
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Belmont
  • Carrier Code: C005
  • 4-Digit Zip Code: 1518
  • Zip Code: 94002

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,429
  • Tax Rate Code Area: 03-025

    Appraisal Valuation

  • Standard Deviation: 0.2114
  • Valuation Date: Mar 29, 2023
  • Confidence Score: 71
  • Final Value: 2,117,547
  • High Value: 2,565,392
  • Low Value: 1,669,702

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $879,000
  • First Open Lien Mortgage Lender: US BANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Feb 01, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $879,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2053

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,335,000
  • Assessed Land Value: $1,335,000

    Sales

  • Current Sale Contract Date: Jul 21, 2021
  • Current Sale Recording Date: Jul 22, 2021
  • Current Sale Transaction ID: 11846253367
  • Current Sale Price: $2,100,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-109132
  • Previous Sale Recording Date: Dec 13, 2016
  • Previous Sale Contract Date: Nov 22, 2016
  • Previous Sale Amount: $690,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: LI FAMILY TRUST
  • First Mortgage Transaction Date: Jul 22, 2021
  • First Mortgage Loan Amount: $800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Cipriani



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Frequently Asked Questions

What neighborhood is 2520 Read Avenue located in?
The 2520 Read Avenue is a located in the neighborhood of Cipriani in Cipriani, Belmont.
What is the average sales price for listings in 2520 Read Avenue?
The average sales price for units in 2520 Read Avenue is $0 currently.

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