Sold Mar 26, 2004
$680,000
Seller
$544,000
by Henry D Luce
Mortgage Due Mar 26, 2034
503 Madison Avenue 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 1947 and is 77 years old.
The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms.
Residents will have access to one full bathroom.
There is one partial bathroom in the home.
The linear feet between the front and back of the lot is 1,300 ft and across the front of the lot is 450 ft.
The area measurement of the land has been determined as 5,850 square feet.
Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily 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 250 sqft. According to our sources, there are a total of 3 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 503 Madison Avenue was last sold in Mar 18, 2004 for $680,000. According to our calculations, that's $596.49 per sqft. Current property owners are expected to pay $9,939 in taxes per year. The property on 503 Madison Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $911,040. To break that down further, the land itself was valued at $455,520. While improvements to the property were assessed at a total of $455,520. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.
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 250 sqft. According to our sources, there are a total of 3 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 503 Madison Avenue was last sold in Mar 18, 2004 for $680,000. According to our calculations, that's $596.49 per sqft. Current property owners are expected to pay $9,939 in taxes per year. The property on 503 Madison Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $911,040. To break that down further, the land itself was valued at $455,520. While improvements to the property were assessed at a total of $455,520. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.
This property description is generated based on publicly available data.
503 Madison Avenue, Redwood City, CA 94061
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