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40540 Las Palmas Avenue

40540 Las Palmas Avenue, Fremont, CA 94539
Property in Kimber-Gomes
Sold Nov 15, 2021
$2,100,000
$1,680,000 by Neat Loans Llc
Mortgage Due Dec 01, 2051
Local assessors in Fremont, CA have categorized 40540 Las Palmas Avenue as a residential type of property. The home was built in 1976 and is 48 years old. It was most recently renovated and altered in 1977. The property's lot size has been calculated to be 6,500 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, 4 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 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 40540 Las Palmas Avenue has a total of 2,095 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. There are 2 available parking spaces so it's a great situation for those with more than one car. 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. 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, 40540 Las Palmas Avenue sold most recently in Nov 10, 2021 for a total of $2,100,000. If you work out the math, that's approximately a cost of $1,002.39 per sqft. 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 $24,581 in taxes each year. 40540 Las Palmas Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $2,093,000. If we break it down further, the land itself was valued at $700,000. Improvements to the property, however, were assessed at a total of $1,400,000. 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: 1976
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Other
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,500
  • Total Building Area: 2,095
  • Building Area: 2,095
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,095
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT 3537
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT: 00059 BLK: 0003 TR: 3537

Ownership

  • Current Owner : SHI YAN
  • Current Owner 2: LIU WEIPING
  • Previous Owner : WESSELLS WILLIAM T
  • Previous Owner 2: WILLIAM T WESSELLS JR TRUST
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Fremont Unified School District
  • Census Tract: 442100

Geography

  • Assessors Map Reference: 91-B3
  • Subdivision Tract Number: 3537
  • Parcel: 525-106-16
  • Block: 3
  • Lot: 59
  • Municipality: CITY OF FREMONT
  • Latitude: 37.5529
  • Longitude: -121.949

    Address

  • Full Address: 40540 Las Palmas Ave
  • Address - House Number: 40540
  • Address - Street Name: Las Palmas
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Fremont
  • Carrier Code: C036
  • 4-Digit Zip Code: 3713
  • Zip Code: 94539

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $24,581
  • Tax Rate Code Area: 12-051

    Appraisal Valuation

  • Standard Deviation: 0.2151
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 70
  • Final Value: 1,979,707
  • High Value: 2,405,713
  • Low Value: 1,553,701

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,680,000
  • First Open Lien Mortgage Lender: NEAT LOANS LLC
  • First Open Lien Mortgage Recording Date: Oct 14, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,680,000
  • First Open Lien Mortgage Term: 349
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,093,000
  • Assessed Land Value: $700,000
  • Assessed Improvements Value: $1,400,000

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Nov 15, 2021
  • Current Sale Transaction ID: 11869238837
  • Current Sale Price: $2,100,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021371557

    Last Sale Mortgage

  • First Mortgage Lender: NEAT LOANS LLC
  • First Mortgage Transaction Date: Nov 15, 2021
  • First Mortgage Loan Amount: $1,680,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Mission San Jose



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Frequently Asked Questions

What neighborhood is 40540 Las Palmas Avenue located in?
The 40540 Las Palmas Avenue is a located in the neighborhood of Kimber-Gomes in Mission San Jose, Fremont.
What is the average sales price for listings in 40540 Las Palmas Avenue?
The average sales price for units in 40540 Las Palmas Avenue is $0 currently.

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