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408 Middle Road

408 Middle Road, Belmont, CA 94002
Property in Central
Sold Oct 05, 2021
$2,200,000
$1,760,000 by Citibank Na
Mortgage Due Nov 01, 2051
408 Middle Road has been categorized by the local assessors in Belmont, CA as a residential type of property. The building on the property was first built in 1955 and is 69 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 408 Middle Road has 1,610 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 870 ft and across the front of the lot is 820 ft. The area measurement of the land has been determined as 7,134 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 500 sqft. According to our sources, there are a total of 2 available parking spaces. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it 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, 408 Middle Road sold most recently in Sep 28, 2021 for a total of $2,200,000. If you work out the math, that's approximately a cost of $1,366.46 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 $25,044 in taxes each year. 408 Middle Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $2,200,000. If we break it down further, the land itself was valued at $1,950,000. Improvements to the property, however, were assessed at a total of $250,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 500
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,134
  • Lot Size Depth Feet: 870
  • Lot Size Frontage Feet: 820
  • Total Building Area: 1,610
  • Gross Building Area: 1,610
  • Building Area: 1,610
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,610
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VOELKER TERRACE
  • Land Acres: 0.164
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 5 VOELKER TERRACE RSM 40/31 CITY OF BELMONT

Ownership

  • Current Owner : HONG TAO
  • Current Owner 2: XU SHUXIN
  • Previous Owner : OLSEN MICHAEL R
  • Previous Owner 2: OLSEN JENNIFER A
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Sequoia Union High School District
  • Census Tract: 608700

Zoning

  • Zoning: R10010

Geography

  • Assessors Map Reference: 33-A3
  • Parcel: 044-191-040
  • Lot: 5
  • Latitude: 37.5234
  • Longitude: -122.285

    Address

  • Full Address: 408 Middle Rd
  • Address - House Number: 408
  • Address - Street Name: Middle
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Belmont
  • Carrier Code: C013
  • 4-Digit Zip Code: 2129
  • Zip Code: 94002

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $25,044
  • Tax Rate Code Area: 03-025

    Appraisal Valuation

  • Standard Deviation: 0.2136
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 70
  • Final Value: 2,223,606
  • High Value: 2,698,760
  • Low Value: 1,748,453

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,760,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Oct 05, 2021
  • First Open Lien Mortgage Loan Amount: $1,760,000
  • 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: Nov 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,200,000
  • Assessed Land Value: $1,950,000
  • Assessed Improvements Value: $250,000

    Sales

  • Current Sale Contract Date: Sep 28, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Transaction ID: 11860034840
  • Current Sale Price: $2,200,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-141437

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Oct 05, 2021
  • First Mortgage Loan Amount: $1,760,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

About Central



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Frequently Asked Questions

What neighborhood is 408 Middle Road located in?
The 408 Middle Road is a located in the neighborhood of Central in Central, Belmont.
What is the average sales price for listings in 408 Middle Road?
The average sales price for units in 408 Middle Road is $0 currently.

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