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527 Sunset Way

527 Sunset Way, Redwood City, CA 94062
Sold Nov 17, 2020
$2,635,000
$2,000,000 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2050
Sold Oct 31, 2019
$2,450,000
$1,715,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2049
527 Sunset Way in Redwood City, CA was first built in 1930 and is 94 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 contemporary style. It is a single story home. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 527 Sunset Way has 2,700 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. In total, the area measurement of the land is 17,500 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage underground or in the basement. The garage is 780 sqft. There is one available parking space. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 527 Sunset Way sold most recently in Nov 12, 2020 for a total of $2,635,000. If you work out the math, that's approximately a cost of $757.18 per sqft. Before that, the property was also sold for $2,450,000 in Oct 14, 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 $30,782 in taxes each year. 527 Sunset Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $2,687,700. If we break it down further, the land itself was valued at $1,871,700. Improvements to the property, however, were assessed at a total of $816,000. The property's total assessed value has been marked as more than the total market value 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.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.

Building Features

Parking

Attached Garage
Open Parking
Oversized Parking
Tandem Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Style: Contemporary
  • Exterior Walls Type: Wood
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 780
  • Garage Type: Underground/basement
  • Garage Square Area: 780
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 17,500
  • Total Building Area: 3,480
  • Gross Building Area: 3,480
  • Building Area: 2,700
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,700
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HIGHLANDS OF EMERALD LAKE
  • Land Acres: 0.402
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOTS 40 41 BLOCK 505 HIGHLANDS OF EMERALD LAKE NO 5 RSM 15/ 15 16 17 18

Ownership

  • Current Owner : RENNA MATTHEW
  • Current Owner 2: RENNA LESLEY MONTESI
  • Previous Owner : BANERJEE KUNAL
  • Previous Owner 2: BARRAK TUSHAR
  • Owner Before Previous Owner: ABELLA ESTEBAN M
  • Owner Before Previous Owner 2: THE ABELLA FAMILY 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-B5
  • Parcel: 068-153-110
  • Block: 505
  • Lot: 40
  • Latitude: 37.4608
  • Longitude: -122.272

    Address

  • Full Address: 527 Sunset Way
  • Address - House Number: 527
  • Address - Street Name: Sunset
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Emerald Hills
  • Carrier Code: C025
  • 4-Digit Zip Code: 4027
  • Zip Code: 94062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $30,782
  • Tax Rate Code Area: 73-047

    Appraisal Valuation

  • Standard Deviation: 0.2216
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 69
  • Final Value: 2,821,721
  • High Value: 3,447,196
  • Low Value: 2,196,246

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Nov 17, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • 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: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,687,700
  • Assessed Land Value: $1,871,700
  • Assessed Improvements Value: $816,000

    Sales

  • Current Sale Contract Date: Nov 12, 2020
  • Current Sale Recording Date: Nov 17, 2020
  • Current Sale Transaction ID: 11806497817
  • Current Sale Price: $2,635,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020-129626
  • Previous Sale Recording Date: Oct 31, 2019
  • Previous Sale Contract Date: Oct 14, 2019
  • Previous Sale Amount: $2,450,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Nov 17, 2020
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Oct 31, 2019
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,715,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2049

About Emerald Lake Hills



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Frequently Asked Questions

What neighborhood is 527 Sunset Way located in?
The 527 Sunset Way is a house located in the neighborhood of Emerald Hills in Emerald Lake Hills, Redwood City.
What is the average sales price for listings in 527 Sunset Way?
The average sales price for units in 527 Sunset Way is $0 currently.

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