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503 Edgecliff Way

503 Edgecliff Way, Redwood City, CA 94062
Property in Emerald Hills
Sold Dec 14, 2020
$2,125,000
$1,700,000 by Flagstar Bank Fsb
Mortgage Due Jan 01, 2051
Sold Aug 16, 2013
$1,285,000
$685,000 by Citibank Na
Mortgage Due Sep 01, 2043
503 Edgecliff Way 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 1989 and is 35 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 503 Edgecliff Way has 3,100 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 1,210 ft and across the front of the lot is 640 ft. The area measurement of the land has been determined as 7,744 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a contemporary 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 460 sqft. According to our sources, there are a total of 2 available parking spaces. The roof of the building is made of tile. 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. The property was last sold in Dec 7, 2020 for $2,125,000. That's $685.48 per sqft. Prior to that sales transaction, the property was also sold in Aug 11, 2013 for $1,285,000. 503 Edgecliff Way was last assessed in 2022. The total value of the property was assessed at $2,167,500. Specifically, the land the property is located on was valued at $1,530,000. While improvements on the property were assessed at a total of $637,500. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $25,104. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Contemporary
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 460
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,744
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 640
  • Total Building Area: 3,100
  • Gross Building Area: 3,100
  • Building Area: 3,100
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,100
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLANDS OF EMERALD LAKE
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 5 BLOCK 501 HIGHLANDS OF EMERALD LAKE NO 5 RSM 15/15 16 17 18

Ownership

  • Current Owner : PATEL ROMA BHANU
  • Current Owner 2: KUMAR SANKET
  • Previous Owner : BROOJENI KOUROSH KHALILI
  • Previous Owner 2: BROOJENI SOHEILA KHALILI
  • Owner Before Previous Owner: SUGGS MICHAEL
  • Owner Before Previous Owner 2: SUGGS SHIRLEY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Sequoia Union High School District
  • Census Tract: 611100

Zoning

  • Zoning: RH0S18

Geography

  • Assessors Map Reference: 36-C5
  • Parcel: 068-191-180
  • Block: 501
  • Lot: 5
  • Latitude: 37.4585
  • Longitude: -122.263

    Address

  • Full Address: 503 Edgecliff Way
  • Address - House Number: 503
  • Address - Street Name: Edgecliff
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Emerald Hills
  • Carrier Code: C019
  • 4-Digit Zip Code: 3450
  • Zip Code: 94062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $25,104
  • Tax Rate Code Area: 73-047

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 70
  • Final Value: 2,713,640
  • High Value: 3,304,062
  • Low Value: 2,123,218

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,700,000
  • First Open Lien Mortgage Lender: FLAGSTAR BANK FSB
  • First Open Lien Mortgage Recording Date: Dec 14, 2020
  • First Open Lien Mortgage Loan Amount: $1,700,000
  • 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: Jan 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,167,500
  • Assessed Land Value: $1,530,000
  • Assessed Improvements Value: $637,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 07, 2020
  • Current Sale Recording Date: Dec 14, 2020
  • Current Sale Transaction ID: 11812615937
  • Current Sale Price: $2,125,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020-144951
  • Previous Sale Recording Date: Aug 16, 2013
  • Previous Sale Contract Date: Aug 11, 2013
  • Previous Sale Amount: $1,285,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FLAGSTAR BANK FSB
  • First Mortgage Transaction Date: Dec 14, 2020
  • First Mortgage Loan Amount: $1,700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK NA
  • Previous Mortgage Transaction Date: Aug 16, 2013
  • Previous Mortgage Loan Amount: $685,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2043

About Emerald Lake Hills



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 503 Edgecliff Way located in?
The 503 Edgecliff Way is a located in the neighborhood of Emerald Hills in Emerald Lake Hills, Redwood City.
What is the average sales price for listings in 503 Edgecliff Way?
The average sales price for units in 503 Edgecliff Way is $0 currently.

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