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8523 Preserve Avenue

8523 Preserve Avenue, Newark, CA 94560
House in Newark
Sold Jan 10, 2020
$990,000
$869,430 by Patelco Cu
Mortgage Due Dec 01, 2051
Sold Aug 18, 2017
$831,000
$655,992 by Jpmorgan Chase Bank Na
Mortgage Due Sep 01, 2047
8523 Preserve Avenue in Newark, CA was first built in 2017 and is 7 years old. This has been categorized as a residential property type. There are a total of 3 floors. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 8523 Preserve Avenue has 1,886 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 2,150 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 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. 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, 8523 Preserve Avenue sold most recently in Jan 6, 2020 for a total of $990,000. If you work out the math, that's approximately a cost of $524.92 per sqft. Before that, the property was also sold for $831,000 in Jul 19, 2017. 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 $12,610 in taxes each year. 8523 Preserve Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,020,253. If we break it down further, the land itself was valued at $288,556. Improvements to the property, however, were assessed at a total of $731,697. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

Exterior

Stucco Exterior

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 3
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,150
  • Total Building Area: 1,886
  • Building Area: 1,886
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,886
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 8085
  • Land Acres: 0.049
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT: 00058 BLK: TR: 8085

Ownership

  • Current Owner : GOURISETTY VENKATESH
  • Current Owner 2: KATAKAM SRUTHI
  • Previous Owner : BESEVIC DRAGAN
  • Owner Before Previous Owner: WILLIAM LYON HOMES INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Newark Unified School District
  • Census Tract: 444302

Geography

  • Subdivision Tract Number: 8085
  • Parcel: 92-258-48
  • Municipality: CITY OF NEWARK
  • Latitude: 37.518
  • Longitude: -122.049

    Address

  • Full Address: 8523 Preserve Ave
  • Address - House Number: 8523
  • Address - Street Name: Preserve
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Newark
  • Carrier Code: C008
  • 4-Digit Zip Code: 3485
  • Zip Code: 94560

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,610
  • Tax Rate Code Area: 11-010

    Appraisal Valuation

  • Standard Deviation: 0.1972
  • Valuation Date: Nov 09, 2022
  • Confidence Score: 73
  • Final Value: 1,421,432
  • High Value: 1,701,752
  • Low Value: 1,141,113

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $869,430
  • First Open Lien Mortgage Lender: PATELCO CU
  • First Open Lien Mortgage Recording Date: Nov 16, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $869,430
  • 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, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,020,253
  • Assessed Land Value: $288,556
  • Assessed Improvements Value: $731,697

    Sales

  • Current Sale Contract Date: Jan 06, 2020
  • Current Sale Recording Date: Jan 10, 2020
  • Current Sale Transaction ID: 11737505142
  • Current Sale Price: $990,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020006113
  • Previous Sale Recording Date: Aug 18, 2017
  • Previous Sale Contract Date: Jul 19, 2017
  • Previous Sale Amount: $831,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PATELCO CU
  • First Mortgage Transaction Date: Jan 10, 2020
  • First Mortgage Loan Amount: $792,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Aug 18, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $655,992
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Sep 01, 2047

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Listing by Manager

Frequently Asked Questions

What neighborhood is 8523 Preserve Avenue located in?
The 8523 Preserve Avenue is a house located in the neighborhood of Newark in Newark, Newark.
What is the average sales price for listings in 8523 Preserve Avenue?
The average sales price for units in 8523 Preserve Avenue is $0 currently.

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