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2850 55th Avenue

2850 55th Avenue, Oakland, CA 94605
Property in Maxwell Park
Refi Oct 18, 2019
Transfer
$1,011,000 by American Pacific Mortgage
Mortgage
Local assessors in Oakland, CA have categorized 2850 55th Avenue as a residential type of property. The home was built in 1927 and is 97 years old. The property's lot size has been calculated to be 3,432 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a style that we are currently unable to determine. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 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 is one full bathroom. There are also 2 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 2850 55th Avenue has a total of 1,462 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. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $2,107 in taxes per year. The property on 2850 55th Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $49,372. To break that down further, the land itself was valued at $27,724. While improvements to the property were assessed at a total of $28,648. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Other
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,432
  • Total Building Area: 1,462
  • Building Area: 1,462
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,462
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORMANDY GARDEN
  • Land Acres: 0.079
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: LOT: 00003 BLK: AR: 0038 PAGE: 3171

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Oakland Unified School District
  • Census Tract: 407700

Geography

  • Assessors Map Reference: 12-D3
  • Parcel: 38-3171-3
  • Lot: 2
  • Municipality: CITY OF OAKLAND
  • Latitude: 37.7759
  • Longitude: -122.191

    Address

  • Full Address: 2850 55th Ave
  • Address - House Number: 2850
  • Address - Street Name: 55th
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Oakland
  • Carrier Code: C061
  • 4-Digit Zip Code: 1158
  • Zip Code: 94605

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,107
  • Tax Rate Code Area: 17-001

    Appraisal Valuation

  • Standard Deviation: 0.2111
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 71
  • Final Value: 687,165
  • High Value: 832,263
  • Low Value: 542,067

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,011,000
  • First Open Lien Mortgage Lender: AMERICAN PACIFIC MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 18, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,011,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,372
  • Assessed Land Value: $27,724
  • Assessed Improvements Value: $28,648

    Exemptions

  • Homeowner Exemption: Yes

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Frequently Asked Questions

What neighborhood is 2850 55th Avenue located in?
The 2850 55th Avenue is a located in the neighborhood of Maxwell Park in Central East Oakland, Oakland.
What is the average sales price for listings in 2850 55th Avenue?
The average sales price for units in 2850 55th Avenue is $0 currently.

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