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843 Balboa Lane

843 Balboa Lane, San Mateo, CA 94404
Property in Islands
Sold Oct 02, 2020
$1,130,000
$904,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2050
Sold Feb 25, 2003
$529,000
$423,200 by Bank Of America Na
Mortgage Due Mar 01, 2033
Local assessors in San Mateo, CA have categorized 843 Balboa Lane as a residential type of property. The home was built in 1975 and is 49 years old. The property's lot size has been calculated to be 305,463 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 843 Balboa Lane has a total of 1,490 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 843 Balboa Lane was last sold in Sep 23, 2020 for $1,130,000. According to our calculations, that's $758.39 per sqft. Prior to that sales transaction, the property was sold for $529,000 in Feb 10, 2003. Current property owners are expected to pay $13,760 in taxes per year. The property on 843 Balboa Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,152,600. To break that down further, the land itself was valued at $345,780. While improvements to the property were assessed at a total of $806,820. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Condo
  • Floor Count: 1
  • Living Units: 246
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 305,463
  • Total Building Area: 1,490
  • Gross Building Area: 1,490
  • Building Area: 1,490
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,490
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FOSTER CITY NGBD
  • Land Acres: 7.013
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT 16 FOSTER CITY NGBD NO 5 TR NO 35-75 RSM 87/12-22

Ownership

  • Current Owner : HE BIN
  • Current Owner 2: GAO YA
  • Previous Owner : PEARSON GERALD G
  • Previous Owner 2: PEARSON VIVIAN L
  • Owner Before Previous Owner: POTTS KEVIN E
  • Owner Before Previous Owner 2: POTTS KRISTIN M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: San Mateo-Foster City Elementary School District
  • Census Tract: 608002

Zoning

  • Zoning: RMR3PD

Geography

  • Assessors Map Reference: 29-C6
  • Subdivision Tract Number: 35-75
  • Parcel: 105-850-160
  • Lot: I
  • Latitude: 37.5528
  • Longitude: -122.271

    Address

  • Full Address: 843 Balboa Ln
  • Address - House Number: 843
  • Address - Street Name: Balboa
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Foster City
  • Carrier Code: C020
  • 4-Digit Zip Code: 2931
  • Zip Code: 94404

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,760
  • Tax Rate Code Area: 20-007

    Appraisal Valuation

  • Standard Deviation: 0.1999
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 73
  • Final Value: 1,200,635
  • High Value: 1,440,716
  • Low Value: 960,554

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $904,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Oct 02, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $904,000
  • 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: Nov 01, 2050

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,152,600
  • Assessed Land Value: $345,780
  • Assessed Improvements Value: $806,820

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 23, 2020
  • Current Sale Recording Date: Oct 02, 2020
  • Current Sale Transaction ID: 11794887123
  • Current Sale Price: $1,130,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020-105591
  • Previous Sale Recording Date: Feb 25, 2003
  • Previous Sale Contract Date: Feb 10, 2003
  • Previous Sale Amount: $529,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Oct 02, 2020
  • First Mortgage Loan Amount: $904,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Feb 25, 2003
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $423,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Mar 01, 2033

About Neighborhood 5



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Frequently Asked Questions

What neighborhood is 843 Balboa Lane located in?
The 843 Balboa Lane is a located in the neighborhood of Islands in Neighborhood 5, San Mateo.
What is the average sales price for listings in 843 Balboa Lane?
The average sales price for units in 843 Balboa Lane is $0 currently.

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