See Home Value
$1,710,000 - $2,088,000
House - Off Market

418 Summit DR

REDWOOD CITY, CA 94062
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1750 Sqft
Sold Jan 10, 2024
$1,500,000
$650,000 by Rocket Mortgage Llc
Mortgage Due Feb 01, 2054

About This Property

Bring your vision to this fantastic and rare opportunity in Emerald Hills. This property has four bedrooms, 2 upstairs and 2 downstairs, with 2 full baths. It also features a living and dining area, as well as a large eat-in kitchen with updated stainless steel electric appliances. The property is situated on a spacious corner lot, offering the potential for expansion. Additionally, you can enjoy exceptional views of the city from the deck. This property is perfect for contractors, as it provides various possibilities, from remodeling to rebuilding. It emits a unique ambiance, making it ideal for constructing your dream home, with the possibility of an Accessory Dwelling Unit (ADU). Nestled in the hills, it is conveniently located near Handleys' Rock, Emerald Lake Country Club, and the Community Shopping area, making it an excellent choice for convenience and outdoor experiences. The possibilities are open to either repairing the original structure or starting anew with a fresh design.

The manager has listed the unit size as 1750 square feet.
Unit Size
1,750Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$1,085
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1942

Price History

Date / Event Date Event Price
Jan 10, 2024 Sold to Carla Schoof, John Mahoney $1,500,000
Sold to Carla Schoof, John Mahoney
Dec 17, 2023 No longer available -
No longer available
Dec 12, 2023 In contract -
In contract
Nov 30, 2023 Relisted $1,899,000
Relisted
Nov 8, 2023 In contract -
In contract
Show More

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 490
  • Garage Type: Underground/basement
  • Garage Square Area: 490
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,309
  • Lot Size Depth Feet: 67,840
  • Lot Size Frontage Feet: 67,840
  • Total Building Area: 2,240
  • Gross Building Area: 2,240
  • Building Area: 1,750
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,750
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARCEL MAP LANDS OF REA
  • Land Acres: 0.283
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PARCEL 1 .282 AC MOL PARCEL MAP VOL 64/44-45

Ownership

  • Current Owner : MAHONEY JOHN
  • Current Owner 2: SCHOOF CARLA
  • Previous Owner : DAVID ROSS 2005 TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Sequoia Union High School District
  • Census Tract: 609700

Zoning

  • Zoning: RH0S18

Geography

  • Assessors Map Reference: 36-C4
  • Parcel: 057-143-310
  • Block: 3
  • Latitude: 37.4692
  • Longitude: -122.265

    Address

  • Full Address: 418 Summit Dr
  • Address - House Number: 418
  • Address - Street Name: Summit
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Emerald Hills
  • Carrier Code: C031
  • 4-Digit Zip Code: 3362
  • Zip Code: 94062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,716
  • Tax Rate Code Area: 73-046

    Appraisal Valuation

  • Standard Deviation: 0.0851
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 93
  • Final Value: 1,872,605
  • High Value: 2,032,108
  • Low Value: 1,713,102

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $650,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 10, 2024
  • First Open Lien Mortgage Loan Amount: $650,000
  • 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: Feb 01, 2054

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $645,858
  • Assessed Land Value: $322,929
  • Assessed Improvements Value: $322,929

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Jan 10, 2024
  • Current Sale Transaction ID: 11919886906
  • Current Sale Price: $1,500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 1434

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Jan 10, 2024
  • First Mortgage Loan Amount: $650,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2054



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Emerald Lake Hills


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Nearby Rentals

Unit for rent at 3386 Melendy Drive, San Carlos, CA, 94070

$6,495 /mo

  • 4 Beds
  • 3 Baths
3386 Melendy Drive #3386 Melendy Drive, San Carlos, CA, 94070 Listing by Manager


Frequently Asked Questions

When was property at 418 Summit Drive built and last sold?
The property at 418 Summit Drive was built in 1942 and last sold on Dec 28, 2023 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 418 Summit Drive is $1,908,069.
What are some comparable homes to 418 Summit Drive?
There are currently no comparable homes to 418 Summit Drive.

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