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417 Palomar Drive

417 Palomar Drive, Redwood City, CA 94062
Property in Palomar Park
Sold May 05, 2016
$1,810,000
$1,105,000 by First Choice Loan Services Inc
Mortgage Due May 01, 2046
Sold Nov 30, 2012
$1,000,000
$800,000 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2042
417 Palomar Drive has been categorized by the local assessors in Redwood City, CA as a residential type of property. The building on the property was first built in 1937 and is 87 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 417 Palomar Drive has 1,690 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 11,832 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Tudor style.

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 360 sqft. According to our sources, there is one available parking space. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The roof of the building is made of wood shake/ shingles. The exterior walls of the building are made of stucco. 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. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 417 Palomar Drive sold most recently in Apr 22, 2016 for a total of $1,810,000. If you work out the math, that's approximately a cost of $1,071.01 per sqft. Before that, the property was also sold for $1,000,000 in Nov 27, 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 $21,790 in taxes each year. 417 Palomar Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $2,019,084. If we break it down further, the land itself was valued at $1,667,698. Improvements to the property, however, were assessed at a total of $351,386. 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: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Tudor
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 11,832
  • Total Building Area: 1,690
  • Gross Building Area: 1,690
  • Building Area: 1,690
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,690
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PALOMAR PARK AMENDED MAP
  • Land Acres: 0.272
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NELY 25 FT OF LOT 26 BLOCK 2 LOT 27 BLOCK 2 LESS REAR TRIANGPTN PALOMAR PARK AMENDED MAP RSM 16/49 50 51

Ownership

  • Current Owner : YU MICHELLE
  • Current Owner 2: MONTEVIRGEN ANTHONY
  • Previous Owner : CHOE JONATHAN C
  • Previous Owner 2: CHOE CAROLINE L
  • Owner Before Previous Owner: SANIELEVICI SERGIO A
  • Owner Before Previous Owner 2: SANIELEVICI LUCIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Sequoia Union High School District
  • Census Tract: 609603

Zoning

  • Zoning: R10025

Geography

  • Assessors Map Reference: 36-C3
  • Parcel: 051-053-150
  • Block: 2
  • Lot: 26,27
  • Latitude: 37.4796
  • Longitude: -122.266

    Address

  • Full Address: 417 Palomar Dr
  • Address - House Number: 417
  • Address - Street Name: Palomar
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Redwood City
  • Carrier Code: C006
  • 4-Digit Zip Code: 3228
  • Zip Code: 94062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,790
  • Tax Rate Code Area: 73-033

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 69
  • Final Value: 2,624,270
  • High Value: 3,213,684
  • Low Value: 2,034,856

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,105,000
  • First Open Lien Mortgage Lender: FIRST CHOICE LOAN SERVICES INC
  • First Open Lien Mortgage Recording Date: May 05, 2016
  • First Open Lien Mortgage Loan Amount: $1,105,000
  • 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: May 01, 2046

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,019,084
  • Assessed Land Value: $1,667,698
  • Assessed Improvements Value: $351,386

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 22, 2016
  • Current Sale Recording Date: May 05, 2016
  • Current Sale Transaction ID: 1576498095
  • Current Sale Price: $1,810,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2016-042135
  • Previous Sale Recording Date: Nov 30, 2012
  • Previous Sale Contract Date: Nov 27, 2012
  • Previous Sale Amount: $1,000,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CHOICE LOAN SERVICES INC
  • First Mortgage Transaction Date: May 05, 2016
  • First Mortgage Loan Amount: $1,105,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Nov 30, 2012
  • Previous Mortgage Loan Amount: $800,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2042

About Palomar Park



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Frequently Asked Questions

What neighborhood is 417 Palomar Drive located in?
The 417 Palomar Drive is a located in the neighborhood of Palomar Park in Palomar Park, Redwood City.
What is the average sales price for listings in 417 Palomar Drive?
The average sales price for units in 417 Palomar Drive is $0 currently.

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