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318 24th Avenue

318 24th Avenue, San Mateo, CA 94403
Property in Hacienda
Sold Feb 07, 2023
$2,314,000
$1,850,880 by Us Bank National Association
Mortgage Due Mar 01, 2053
Sold Aug 02, 2013
$850,000
$585,500 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2043
318 24th Avenue in San Mateo, CA was first built in 1940 and is 84 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 318 24th Avenue has 2,072 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. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,330. In total, the area measurement of the land is 6,650 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage underground or in the basement. The garage is 450 sqft. There are a total of 2 available parking spaces. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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, 318 24th Avenue sold most recently in Jan 24, 2023 for a total of $2,314,000. If you work out the math, that's approximately a cost of $917.53 per sqft. Before that, the property was also sold for $850,000 in Jul 25, 2013. 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 $15,043 in taxes each year. 318 24th Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,140,998. If we break it down further, the land itself was valued at $490,939. Improvements to the property, however, were assessed at a total of $650,059. The property's total assessed value has been marked as more than the total market value 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.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: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 450
  • Garage Type: Underground/basement
  • Garage Square Area: 450
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,650
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,522
  • Gross Building Area: 2,522
  • Building Area: 2,072
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,072
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SAN MATEO VILLA PARK
  • Land Acres: 0.153
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SWLY 1/2 OF LOT 14 BLOCK 6 SAN MATEO VILLA PARK RSM 12/50 51 CITY OF SAN MATEO

Ownership

  • Current Owner : ZHANG DAVID
  • Current Owner 2: WEI XINYUE
  • Previous Owner : REYNARD FAMILY TRUST
  • Owner Before Previous Owner: CHEN DAVID S
  • Owner Before Previous Owner 2: CHEN MARGARET L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: San Mateo-Foster City Elementary School District
  • Census Tract: 607400

Zoning

  • Zoning: R10006

Geography

  • Assessors Map Reference: 32-E1
  • Parcel: 039-142-340
  • Block: 6
  • Lot: 14
  • Latitude: 37.5436
  • Longitude: -122.312

    Address

  • Full Address: 318 24th Ave
  • Address - House Number: 318
  • Address - Street Name: 24th
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: San Mateo
  • Carrier Code: C012
  • 4-Digit Zip Code: 2230
  • Zip Code: 94403

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,043
  • Tax Rate Code Area: 12-001

    Appraisal Valuation

  • Standard Deviation: 0.212
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 71
  • Final Value: 2,248,734
  • High Value: 2,725,630
  • Low Value: 1,771,839

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,850,880
  • First Open Lien Mortgage Lender: US BANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Feb 07, 2023
  • First Open Lien Mortgage Loan Amount: $1,850,880
  • 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: Mar 01, 2053

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,140,998
  • Assessed Land Value: $490,939
  • Assessed Improvements Value: $650,059

    Sales

  • Current Sale Contract Date: Jan 24, 2023
  • Current Sale Recording Date: Feb 07, 2023
  • Current Sale Transaction ID: 11902386117
  • Current Sale Price: $2,314,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 5473
  • Previous Sale Recording Date: Aug 02, 2013
  • Previous Sale Contract Date: Jul 25, 2013
  • Previous Sale Amount: $850,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NATIONAL ASSOCIATION
  • First Mortgage Transaction Date: Feb 07, 2023
  • First Mortgage Loan Amount: $1,850,880
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Aug 02, 2013
  • Previous Mortgage Loan Amount: $585,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2043

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Frequently Asked Questions

What neighborhood is 318 24th Avenue located in?
The 318 24th Avenue is a located in the neighborhood of Hacienda in Beresford Park, San Mateo.
What is the average sales price for listings in 318 24th Avenue?
The average sales price for units in 318 24th Avenue is $0 currently.

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