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342 Elwood Avenue

342 Elwood Avenue, Oakland, CA 94610
Property in Grand Lake
Sold May 28, 2021
$1,750,000
$1,400,000 by American Pacific Mortgage Corp
Mortgage Due Jun 01, 2051
Sold Oct 14, 2016
$1,425,000
$855,000 by First Republic Bank
Mortgage Due Nov 01, 2046
Local assessors in Oakland, CA have categorized 342 Elwood Avenue as a residential type of property. The home was built in 1919 and is 105 years old. It was most recently renovated and altered in 1926. The property's lot size has been calculated to be 4,428 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 7 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 2 full bathrooms. There are also 3 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 342 Elwood Avenue has a total of 1,744 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. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 roof that is made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source and it is being fueled with gas. 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. Based on our sources, 342 Elwood Avenue was last sold in May 5, 2021 for $1,750,000. According to our calculations, that's $1,003.44 per sqft. Prior to that sales transaction, the property was sold for $1,425,000 in Oct 10, 2016. Current property owners are expected to pay $26,249 in taxes per year. The property on 342 Elwood Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,785,000. To break that down further, the land itself was valued at $535,500. While improvements to the property were assessed at a total of $1,249,500. 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. 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.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: 1919
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Other
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 860
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,428
  • Total Building Area: 1,744
  • Gross Building Area: 860
  • Building Area: 1,744
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,744
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: A J SNYDERS PIEDMONT TERRACE
  • Land Acres: 0.102
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: LOT: 00008 BLK: AR: 0010 PAGE: 0827

Ownership

  • Current Owner : MOLONY ROBERT ANDREW
  • Current Owner 2: SADEGHI SARA JAMBOR
  • Previous Owner : RECORD CHRIS
  • Previous Owner 2: SALONEN INGALIS
  • Owner Before Previous Owner: KISSACK TERENCE S
  • Owner Before Previous Owner 2: THE TERENCE KISSACK REVOCABLE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Oakland Unified School District
  • Census Tract: 403900

Zoning

  • Zoning: R30

Geography

  • Assessors Map Reference: 9-D3
  • Parcel: 10-827-8
  • Lot: 92
  • Municipality: CITY OF OAKLAND
  • Latitude: 37.8156
  • Longitude: -122.248

    Address

  • Full Address: 342 Elwood Ave
  • Address - House Number: 342
  • Address - Street Name: Elwood
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Oakland
  • Carrier Code: C005
  • 4-Digit Zip Code: 1939
  • Zip Code: 94610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,249
  • Tax Rate Code Area: 17-001

    Appraisal Valuation

  • Standard Deviation: 0.2011
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 73
  • Final Value: 1,602,609
  • High Value: 1,924,985
  • Low Value: 1,280,233

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,400,000
  • First Open Lien Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 28, 2021
  • First Open Lien Mortgage Loan Amount: $1,400,000
  • 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: Jun 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,785,000
  • Assessed Land Value: $535,500
  • Assessed Improvements Value: $1,249,500

    Sales

  • Current Sale Contract Date: May 05, 2021
  • Current Sale Recording Date: May 28, 2021
  • Current Sale Transaction ID: 11837685834
  • Current Sale Price: $1,750,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021199678
  • Previous Sale Recording Date: Oct 14, 2016
  • Previous Sale Contract Date: Oct 10, 2016
  • Previous Sale Amount: $1,425,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Mortgage Transaction Date: May 28, 2021
  • First Mortgage Loan Amount: $1,400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST REPUBLIC BANK
  • Previous Mortgage Transaction Date: Oct 14, 2016
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $855,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Nov 01, 2046

About Lower Hills District



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Frequently Asked Questions

What neighborhood is 342 Elwood Avenue located in?
The 342 Elwood Avenue is a located in the neighborhood of Grand Lake in Lower Hills District, Oakland.
What is the average sales price for listings in 342 Elwood Avenue?
The average sales price for units in 342 Elwood Avenue is $0 currently.

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