NOT LISTED FOR SALE

162 Summit Way San Francisco, CA 94132

Stonestown/Parkmerced Neighborhood

Estimated Value: $1,314,000 - $1,380,000

3 Beds
2 Baths
1,839 Sq Ft
958 Sq Ft Lot

Last Sold July 14, 2017

Last sale price $1,230,000 $669 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,365/month

12 Days on Market

Highlights

  • High Ceiling
  • Open to Family Room
  • Walk-In Closet
  • Stone Countertops
  • 2 Car Attached Garage
  • 3-minute walk to Dog Agility Park

About This Home

As of July 2017

The Summit 800, 2 story condo, just like a house. A2 model's condo features 3 bedrooms and 2.5 bathrooms and 2 attached garage. Recently built in 2016, Fully upgraded, Located in a new development by Lake Merced, Including dog park and playground for kids. Also easy access to the 280 freeway, and close to Daly City Bart Station.

Last Agent to Sell the Property

Raymond Lam

The Source Real Estate Company License #01904060 Listed on: 06/02/2017

Last Buyer's Agent

Raymond Lam

The Source Real Estate Company License #01904060 Listed on: 06/02/2017

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2016

Lot Details

  • 958

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 1,839 Sq Ft Home
  • High Ceiling
  • Combination Dining and Living Room
  • Washer and Dryer Hookup

Kitchen

  • Open to Family Room
  • Gas Cooktop
  • Stone Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 7331-170

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area electricity, maintenance - common area, maintenance - exterior
  • 145 Units
  • Summit 800 Association
  • Built by Summit 800

Recreation

  • Community Playground

Pet Policy

  • Dogs and Cats Allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Subclass: Condominium
  • Restrictions: Pets - Allowed, Pets - Cats Permitted, Pets - Dogs Permitted
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 145
  • Structure Sq Ft: 1839
  • Complex Name: Summit 800
  • Year Built: 2016
  • Zoning Description: condominium
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area in Living Room
  • Kitchen: Cooktop - Gas, Countertop - Stone
  • Living Sq Ft: 1839
  • Security: Fire System - Sprinkler
  • Laundry: Hookup - Washer/Dryer
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar and Gravel

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 249
  • HOA Amenities: Playground
  • Association Fees Include: Common Area Electricity, Maintenance - Common Area, Maintenance - Exterior
  • H O A Name Text: summit 800
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-in Closet

Lot Info

  • Parcel Number: 7331-170

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities

MLS Schools

  • High School District Text: San Francisco Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2017
Closed on
Jun 29, 2017
Sold by
Chen Qiong Ying
Bought by
Tse Ben and Lee Herlen Ip
Seller's Agent
Raymond Lam
The Source Real Estate Company
Buyer's Agent
Raymond Lam
The Source Real Estate Company
List Price
$1,200,000
Sold Price
$1,230,000
Premium/Discount to List
$30,000
2.5%
Current Estimated Value
$1,341,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,606
Avg. Annual Appreciation
1.02%
Original Mortgage
$700,000
Outstanding Balance
$581,422
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$760,184

Purchase Details

Closed on
Nov 2, 2015
Sold by
Rcs Brotherhood Way Llc
Bought by
Chen Qiong Ying

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$747,828
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tse Ben $1,230,000 Old Republic Title Company
Chen Qiong Ying $1,151,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tse Ben $700,000
Previous Owner Chen Qiong Ying $747,828
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2017 07/14/17 Sold $1,230,000 -1.6% $669 / Sq Ft
06/15/2017 06/15/17 Pending -- -- --
06/10/2017 06/10/17 Price Changed $1,250,000 +4.2% $680 / Sq Ft
06/02/2017 06/02/17 For Sale $1,200,000 -- $653 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,780 $1,399,520 $699,760 $699,760
2024 $16,780 $1,372,080 $686,040 $686,040
2023 $16,526 $1,345,180 $672,590 $672,590
2022 $16,208 $1,318,804 $659,402 $659,402
2021 $15,920 $1,292,948 $646,474 $646,474
2020 $16,043 $1,279,692 $639,846 $639,846
2019 $15,443 $1,254,600 $627,300 $627,300
2018 $14,922 $1,230,000 $615,000 $615,000
2017 $14,149 $1,173,515 $704,109 $469,406
2016 $1,849 $150,111 $141,159 $8,952
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Raymond Lam

    The Source Real Estate Company

See All Agents

Map

Source: MLSListings

MLS Number: ML81654281

MLSListings

APN: 7331-170

California San Francisco County San Francisco 94132 Stonestown/Parkmerced

162 Summit Way, San Francisco, CA

Not Listed for Sale

Condos

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