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8531 Preserve Avenue

8531 Preserve Avenue, Newark, CA 94560
Property in Newark
Sold Sep 21, 2020
$1,075,000
$860,000 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2050
8531 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. 8531 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 2,097 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. The property was last sold in Sep 15, 2020 for $1,075,000. That's $569.99 per sqft. 8531 Preserve Avenue was last assessed in 2022. The total value of the property was assessed at $1,089,500. Specifically, the land the property is located on was valued at $328,950. While improvements on the property were assessed at a total of $767,550. 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 $13,415. 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: 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: 2,097
  • 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: 0.048
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT: 00057 BLK: TR: 8085

Ownership

  • Current Owner : HUANG ZIBING
  • Current Owner 2: LI XINYUE
  • Previous Owner : ZHOU YU
  • Previous Owner 2: YANG YUAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Subdivision Tract Number: 8085
  • Parcel: 92-258-47
  • Municipality: CITY OF NEWARK
  • Latitude: 37.5179
  • Longitude: -122.049

    Address

  • Full Address: 8531 Preserve Ave
  • Address - House Number: 8531
  • 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: $13,415
  • Tax Rate Code Area: 11-010

    Appraisal Valuation

  • Standard Deviation: 0.1986
  • Valuation Date: Nov 09, 2022
  • Confidence Score: 73
  • Final Value: 1,404,699
  • High Value: 1,683,703
  • Low Value: 1,125,694

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $860,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 21, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $860,000
  • 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: Oct 01, 2050

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,089,500
  • Assessed Land Value: $328,950
  • Assessed Improvements Value: $767,550

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2020
  • Current Sale Recording Date: Sep 21, 2020
  • Current Sale Transaction ID: 11801795403
  • Current Sale Price: $1,075,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020239275

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 21, 2020
  • First Mortgage Loan Amount: $860,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Newark



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Frequently Asked Questions

What neighborhood is 8531 Preserve Avenue located in?
The 8531 Preserve Avenue is a located in the neighborhood of Newark in Newark, Newark.
What is the average sales price for listings in 8531 Preserve Avenue?
The average sales price for units in 8531 Preserve Avenue is $0 currently.

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