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2925 Somerset Place

2925 Somerset Place, San Marino, CA 91108
House in San Marino
Sold Oct 31, 2018
$1,688,000
$1,097,200 by Sterling Bank & Trust Fsb
Mortgage Due Nov 01, 2048
Sold May 22, 2015
$1,780,000
Buyer
Local assessors in San Marino, CA have categorized 2925 Somerset Place as a residential type of property. The home was built in 1961 and is 63 years old. The property's lot size has been calculated to be 6,843 square feet. The linear feet between the front and back of the lot was measured at 1,370 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 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 3 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 2925 Somerset Place has a total of 2,149 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. There is only one available parking space, so if you need more, you may need to find some alternatives. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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. The building has a gable style roof that was made of wood shake/ shingles. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Sep 18, 2018 for $1,688,000. That's $785.48 per sqft. Prior to that sales transaction, the property was also sold in May 7, 2015 for $1,780,000. 2925 Somerset Place was last assessed in 2023. The total value of the property was assessed at $1,809,874. Specifically, the land the property is located on was valued at $1,404,047. While improvements on the property were assessed at a total of $405,827. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $21,362. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Colonial
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 6,843
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,149
  • Building Area: 2,149
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,149
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 8169
  • Land Acres: 0.157
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 8169 S 111.5 FT OF W 3 FT OF E 50 FT AND E 47 FT OF LOT/SEC 11

Ownership

  • Current Owner : LI JIE
  • Current Owner 2: LI SHARON XIAO
  • Previous Owner : YU JING
  • Owner Before Previous Owner: CHIEN CHEN FONG
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: San Marino Unified School District
  • Census Tract: 464200

Zoning

  • Zoning: SOR109

Geography

  • Assessors Map Reference: 37-E1
  • Subdivision Tract Number: 8169
  • Parcel: 5333-026-018
  • Lot: 11
  • Municipality: EAST /SN MRNO S HUNTG
  • Latitude: 34.116
  • Longitude: -118.093

    Address

  • Full Address: 2925 Somerset Pl
  • Address - House Number: 2925
  • Address - Street Name: Somerset
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: San Marino
  • Carrier Code: C012
  • 4-Digit Zip Code: 3035
  • Zip Code: 91108

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,362
  • Tax Rate Code Area: 08-541

    Appraisal Valuation

  • Standard Deviation: 0.2228
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 2,060,541
  • High Value: 2,519,789
  • Low Value: 1,601,294

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,034,200
  • First Open Lien Mortgage Lender: STERLING BANK & TRUST FSB
  • First Open Lien Mortgage Recording Date: Oct 31, 2018
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,097,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2048
  • Second Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • Second Open Lien Mortgage Recording Date: Dec 22, 2021
  • Second Open Lien Mortgage Loan Amount: $937,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,809,874
  • Assessed Land Value: $1,404,047
  • Assessed Improvements Value: $405,827

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 18, 2018
  • Current Sale Recording Date: Oct 31, 2018
  • Current Sale Transaction ID: 11527969685
  • Current Sale Price: $1,688,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 18-1103277
  • Previous Sale Recording Date: May 22, 2015
  • Previous Sale Contract Date: May 07, 2015
  • Previous Sale Amount: $1,780,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: STERLING BANK & TRUST FSB
  • First Mortgage Transaction Date: Oct 31, 2018
  • First Mortgage Loan Amount: $1,097,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Nov 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About San Marino



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Frequently Asked Questions

What neighborhood is 2925 Somerset Place located in?
The 2925 Somerset Place is a house located in the neighborhood of San Marino in San Marino, San Marino.
What is the average sales price for listings in 2925 Somerset Place?
The average sales price for units in 2925 Somerset Place is $0 currently.

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