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2832 Summit Street

2832 Summit Street, Oakland, CA 94609
Property in Pill Hill
Sold Nov 12, 2021
$1,375,000
$1,031,250 by Home Point Financial Corporati
Mortgage Due Dec 01, 2051
Local assessors in Oakland, CA have categorized 2832 Summit Street as a residential type of property. The home was built in 1945 and is 79 years old. The property's lot size has been calculated to be 3,962 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 8 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 5 full bathrooms. There are also 5 partial bathrooms. This is a 3 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 2832 Summit Street has a total of 3,656 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. There are 6 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - 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, 2832 Summit Street sold most recently in Nov 3, 2021 for a total of $1,375,000. If you work out the math, that's approximately a cost of $376.09 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 $21,585 in taxes each year. 2832 Summit Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,375,000. If we break it down further, the land itself was valued at $412,500. Improvements to the property, however, were assessed at a total of $962,500. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 8
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Triplex
  • Floor Count: 3
  • Living Units: 3
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 6

    Dimensions

  • Lot Size Square Feet: 3,962
  • Total Building Area: 3,656
  • Gross Building Area: 3,656
  • Building Area: 3,656
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,656
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BORLAND PROP
  • Land Acres: 0.091
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: LOT: 00017 BLK: AR: 0009 PAGE: 0687

Ownership

  • Current Owner : XU ZHE
  • Current Owner 2: LIU FEI
  • Previous Owner : COHEN ALAN R
  • Previous Owner 2: COHEN FAMILY TRUST
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Oakland Unified School District
  • Census Tract: 401300

Geography

  • Assessors Map Reference: 9-B2
  • Parcel: 9-687-17
  • Lot: 14&15
  • Municipality: CITY OF OAKLAND
  • Latitude: 37.8172
  • Longitude: -122.265

    Address

  • Full Address: 2832 Summit St
  • Address - House Number: 2832
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: CA
  • City Name: Oakland
  • Carrier Code: C019
  • 4-Digit Zip Code: 3650
  • Zip Code: 94609

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,585
  • Tax Rate Code Area: 17-042

    Appraisal Valuation

  • Standard Deviation: 0.0929
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 91
  • Final Value: 1,823,061
  • High Value: 1,992,536
  • Low Value: 1,653,587

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,031,250
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: Nov 12, 2021
  • First Open Lien Mortgage Loan Amount: $1,031,250
  • 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: Dec 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,375,000
  • Assessed Land Value: $412,500
  • Assessed Improvements Value: $962,500

    Sales

  • Current Sale Contract Date: Nov 03, 2021
  • Current Sale Recording Date: Nov 12, 2021
  • Current Sale Transaction ID: 11869155690
  • Current Sale Price: $1,375,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021370710

    Last Sale Mortgage

  • First Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Mortgage Transaction Date: Nov 12, 2021
  • First Mortgage Loan Amount: $1,031,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

About Central Oakland



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Frequently Asked Questions

What neighborhood is 2832 Summit Street located in?
The 2832 Summit Street is a located in the neighborhood of Pill Hill in Central Oakland, Oakland.
What is the average sales price for listings in 2832 Summit Street?
The average sales price for units in 2832 Summit Street is $0 currently.

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