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322 Silvio Lane

322 Silvio Lane, Novato, CA 94947
Property in Midwest Novato
Sold Oct 12, 2021
$515,000
$499,550 by Dignified Home Loans
Mortgage Due Nov 01, 2051
Sold Apr 30, 2012
$220,000
Local assessors in Novato, CA have categorized 322 Silvio Lane as a residential type of property. The home was built in 1977 and is 47 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 3,450 square feet. 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 0 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 is also a partial bathroom. If we look only at the heated or air conditioned part of the building, then 322 Silvio Lane has a total of 903 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 220 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 frame 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 - B. The building has a roof that is made of wood shake/ shingles. Lots of wood siding 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. 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, 322 Silvio Lane sold most recently in Oct 7, 2021 for a total of $515,000. If you work out the math, that's approximately a cost of $570.32 per sqft. Before that, the property was also sold for $220,000 in Apr 23, 2012. 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 $6,830 in taxes each year. The initial year of tax delinquency occurred in 2021. 322 Silvio Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $525,300. If we break it down further, the land itself was valued at $193,800. Improvements to the property, however, were assessed at a total of $331,500. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1977
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Wood shake/ shingles
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 220
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,450
  • Total Building Area: 903
  • Gross Building Area: 903
  • Building Area: 903
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 903
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CHEDA RANCH 01
  • Land Acres: 0.079
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: CHEDA RANCH UN 1 UN 4 BLK 00022 MAP 000016 00059

Ownership

  • Current Owner : MARTINEZ HENRY
  • Current Owner 2: MARTINEZ JULIA P
  • Previous Owner : JENKINS KENNETH J
  • Previous Owner 2: JENKINS LAURA L
  • Owner Before Previous Owner: MAHER KAREN F
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Novato Unified School District
  • Census Tract: 104102

Geography

  • Subdivision Tract Number: 1
  • Parcel: 152-060-88
  • Block: 22
  • Lot: 1,2
  • Municipality: NOVATO
  • Latitude: 38.0795
  • Longitude: -122.553

    Address

  • Full Address: 322 Silvio Ln
  • Address - House Number: 322
  • Address - Street Name: Silvio
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Novato
  • Carrier Code: C031
  • 4-Digit Zip Code: 5128
  • Zip Code: 94947

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,830
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 10-025

    Appraisal Valuation

  • Standard Deviation: 0.2494
  • Valuation Date: Jul 19, 2023
  • Confidence Score: 64
  • Final Value: 503,729
  • High Value: 629,364
  • Low Value: 378,093

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $509,541
  • First Open Lien Mortgage Lender: DIGNIFIED HOME LOANS
  • First Open Lien Mortgage Recording Date: Oct 12, 2021
  • First Open Lien Mortgage Loan Amount: $499,550
  • 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: Nov 01, 2051
  • Second Open Lien Mortgage Lender: BROADVIEW MORTGAGE
  • Second Open Lien Mortgage Recording Date: Oct 12, 2021
  • Second Open Lien Mortgage Loan Amount: $9,991
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $525,300
  • Assessed Land Value: $193,800
  • Assessed Improvements Value: $331,500

    Sales

  • Current Sale Contract Date: Oct 07, 2021
  • Current Sale Recording Date: Oct 12, 2021
  • Current Sale Transaction ID: 11859855313
  • Current Sale Price: $515,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0062600
  • Previous Sale Recording Date: Apr 30, 2012
  • Previous Sale Contract Date: Apr 23, 2012
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: DIGNIFIED HOME LOANS
  • First Mortgage Transaction Date: Oct 12, 2021
  • First Mortgage Loan Amount: $499,550
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

About Midwest Novato



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Frequently Asked Questions

What neighborhood is 322 Silvio Lane located in?
The 322 Silvio Lane is a located in the neighborhood of Midwest Novato in Midwest Novato, Novato.
What is the average sales price for listings in 322 Silvio Lane?
The average sales price for units in 322 Silvio Lane is $0 currently.

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