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429 Studio Circle

429 Studio Circle, San Mateo, CA 94401
Property in North Central
Sold Aug 10, 2021
$3,700,000
$2,000,000 by First Republic Bank
Mortgage
Sold Feb 28, 2019
$3,075,000
$1,615,000 by First Republic Bank
Mortgage
429 Studio Circle in San Mateo, CA was first built in 1962 and is 62 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. There are a total of 22 rooms in the home, of which, 9 are bedrooms. In terms of bathrooms, there are a total of 7 full bathrooms. There are 7 partial bathrooms. 429 Studio Circle has 6,358 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 610 ft and the linear feet between the front and back of the lot is 1,240. In total, the area measurement of the land is 7,564 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 7 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of A. 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, 429 Studio Circle sold most recently in Jul 30, 2021 for a total of $3,700,000. If you work out the math, that's approximately a cost of $581.94 per sqft. Before that, the property was also sold for $3,075,000 in Feb 22, 2019. 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 $51,839 in taxes each year. 429 Studio Circle was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $3,700,000. If we break it down further, the land itself was valued at $2,100,000. Improvements to the property, however, were assessed at a total of $1,600,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 22
  • Bedroom Count: 9
  • Bathroom Count: 7
  • Full Bathrooms: 7
  • Partial Bathrooms: 7
  • Building Quality: A
  • Building Style: Multifamily
  • Floor Count: 2
  • Living Units: 7
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 7

    Dimensions

  • Lot Size Square Feet: 7,564
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 610
  • Total Building Area: 6,358
  • Gross Building Area: 6,358
  • Building Area: 6,358
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,358
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STUDIO PARK
  • Land Acres: 0.174
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: LOT 12 BLOCK 1 STUDIO PARK RSM 52/45 CITY OF SAN MATEO

Ownership

  • Current Owner : HE BRONTE
  • Current Owner 2: TONG ANNABELLA
  • Previous Owner : KIETTER CARY
  • Previous Owner 2: NGUYEN NGAN HA
  • Owner Before Previous Owner: HUNG VICTOR F
  • Owner Before Previous Owner 2: HUNG MARIANNE Q
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: San Mateo-Foster City Elementary School District
  • Census Tract: 606000

Geography

  • Assessors Map Reference: 29-C2
  • Parcel: 032-135-020
  • Block: 1
  • Lot: 12
  • Latitude: 37.5782
  • Longitude: -122.335

    Address

  • Full Address: 429 Studio Cir
  • Address - House Number: 429
  • Address - Street Name: Studio
  • Address - Suffix Type: Cir
  • State: CA
  • City Name: San Mateo
  • Carrier Code: C012
  • 4-Digit Zip Code: 1636
  • Zip Code: 94401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $51,839
  • Tax Rate Code Area: 12-001

    Appraisal Valuation

  • Standard Deviation: 0.4201
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 15
  • Final Value: 3,330,682
  • High Value: 4,730,197
  • Low Value: 1,931,166

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Aug 10, 2021
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,700,000
  • Assessed Land Value: $2,100,000
  • Assessed Improvements Value: $1,600,000

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 10, 2021
  • Current Sale Transaction ID: 11850671369
  • Current Sale Price: $3,700,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-117194
  • Previous Sale Recording Date: Feb 28, 2019
  • Previous Sale Contract Date: Feb 22, 2019
  • Previous Sale Amount: $3,075,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Aug 10, 2021
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: FIRST REPUBLIC BANK
  • Previous Mortgage Transaction Date: Feb 28, 2019
  • Previous Mortgage Loan Amount: $1,615,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About North Central



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Frequently Asked Questions

What neighborhood is 429 Studio Circle located in?
The 429 Studio Circle is a located in the neighborhood of North Central in North Central, San Mateo.
What is the average sales price for listings in 429 Studio Circle?
The average sales price for units in 429 Studio Circle is $0 currently.

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