NOT LISTED FOR SALE

1702 Terrace Dr Belmont, CA 94002

Antique Forest Homes Neighborhood

Estimated Value: $3,105,000 - $3,540,297

4 Beds
3 Baths
3,120 Sq Ft
$1,061/Sq Ft Est. Value

Sale Details

Date Sold: August 26, 2021

Last sale price $3,150,000 $1,010 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $20,499 / mo

13 Days on Market

Highlights

  • Wine Cellar
  • Canyon View
  • Wood Flooring
  • Ralston Intermediate School Rated A
  • Family Room with Fireplace
  • Jetted Tub in Primary Bathroom

About This Home

As of August 2021

Welcome to 1702 Terrace, a masterpiece amongst the hills of Belmont. Soaring ceilings & stunning views are only the tip of the iceberg for this expansive home. There is ample room for all with an informal living room/dining room combo; large eat-in kitchen with center island, gas cooktop, double ovens, granite countertops as well as an attached family room; full bathroom; laundry area & library on the first level. Upstairs you will find 4 bedrooms and 2 full bathrooms including the large primary suite with views, a jet tub and walk-in closet. Usable attic space could easily become a loft for many uses. The lower level showcases a 3 car garage, 600 bottle wine cellar, underground workshop & more storage. Our cherry on top is the outside space with a level yard great for parties. The spiral staircase leads to wooden steps to the upper deck where you will find majestic views, as if you are on top of the world. Great location & award winning schools complete this fantastic opportunity.

Last Agent to Sell the Property

Timothy Gilmartin

Gilmartin Group License #00841354 Listed on: 07/15/2021

Co-Listed By

Kathryn Gerhardt

Gilmartin Group License #01958832

Last Buyer's Agent

Bob Bredel

Christie's International Real Estate Sereno License #01493564

Christie's International Real Estate Sereno

Home Details

Home Type

  • Single Family

Year Built

  • 1987

Lot Details

  • 12,402 Sq Ft Lot
  • Wood Fence
  • Hillside Location
  • Back Yard

Parking

  • 3 Car Attached Garage
  • Secured Garage or Parking
  • On-Street Parking

Property Views

  • Canyon
  • Hills
  • Forest
  • Neighborhood

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Den
  • Library
  • Workshop

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating System

Home Details

Home Type

Single Family

Year Built

1987

Lot Details

0.28 Acres

Parking

3

Listing Details

  • Zoning: R10000
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 3120
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1987

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Family Room, Living Room, Wood Burning
  • Dining Room: Dining Area In Living Room, Eat In Kitchen
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Freezer, Garbage Disposal, Hood Over Range, Island, Oven - Double, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 3120
  • Stories: 2
  • Security: Secured Garage / Parking
  • Bedrooms: Walk-In Closet
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Additional Rooms: Den / Study / Office, Formal Entry, Laundry Room, Library, Office Area, Wine Cellar / Storage, Workshop
  • Fireplaces Min: 2
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Full On Ground Floor, Primary - Tub With Jets, Showers Over Tubs - 2+

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • View: Canyon, Forest / Woods, Hills, Neighborhood
  • Yard/Grounds: Back Yard, Fenced
  • Fencing: Wood

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage, On Street

Utilities

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

Lot Info

  • Lot Description: Grade - Hillside, Views
  • Lot Acres: 0.2847
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12400.00

Multi Family

  • Utilities: Public Utilities

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Aug 16, 2021
Sold by
Bought by
Seller's Agent
Timothy Gilmartin
Gilmartin Group
Buyer's Agent
Bob Bredel
Christie's International Real Estate Sereno
List Price
$2,980,000
Sold Price
$3,150,000
Premium/Discount to List
$170,000
5.7%
Current Estimated Value
$3,331,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,356
Avg. Annual Appreciation
1.02%
Original Mortgage
$2,155,000
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
0.0837%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 24, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
0.0837%
Mortgage Type
Purchase Money Mortgage
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,150,000 North American Title Co Inc
$668,000 Old Republic Title Ins Compa
-- Old Republic Title Ins Compa
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $2,155,000
Closed $1,550,000
Closed $250,000
Closed $150,000
Closed $69,000
Closed $750,000
Closed $712,000
Closed $650,000
Closed $32,000
Closed $486,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/26/2021 08/26/21 Sold $3,150,000 +5.7% $1,010 / Sq Ft
07/29/2021 07/29/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $2,980,000 -- $955 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $30,056 $2,750,000 $1,876,500 $873,500
2023 $30,056 $3,213,000 $2,193,000 $1,020,000
2022 $36,161 $3,150,000 $2,150,000 $1,000,000
2021 $12,747 $999,037 $492,700 $506,337
2020 $12,716 $988,794 $487,648 $501,146
2019 $12,491 $969,408 $478,087 $491,321
2018 $12,360 $950,401 $468,713 $481,688
2017 $12,058 $931,767 $459,523 $472,244
2016 $11,662 $913,498 $450,513 $462,985
2015 $11,518 $899,777 $443,746 $456,031
2014 $11,048 $882,153 $435,054 $447,099
Source: Public Records

Agents Affiliated with this Home

  • Timothy Gilmartin

    Seller's Agent in 2021

    Timothy Gilmartin

    Gilmartin Group

    (408) 348-5013

    2 in this area

    21 Total Sales

    Timothy Gilmartin
    Section Image
  • Kathryn Gerhardt

    Seller Co-Listing Agent in 2021

    Kathryn Gerhardt

    Gilmartin Group

    (650) 773-3595

    1 in this area

    38 Total Sales

    Kathryn Gerhardt
    Section Image
  • Bob Bredel

    Buyer's Agent in 2021

    Bob Bredel

    Christie's International Real Estate Sereno

    (650) 520-9343

    12 in this area

    175 Total Sales

    Bob Bredel
    Section Image
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Map

Source: MLSListings

MLS Number: ML81853731

MLSListings

APN: 044-331-390

California San Mateo County Belmont 94002 Antique Forest Homes

1702 Terrace Dr, Belmont, CA

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