2562 Somerset Dr Belmont, CA 94002
Belmont Woods Neighborhood
4
Beds
2.5
Baths
2,210
Sq Ft
7,768
Sq Ft Lot
Highlights
- Updated Kitchen
- Fireplace in Kitchen
- Wood Flooring
- Ralston Intermediate School Rated A
- Contemporary Architecture
- No HOA
About This Home
As of August 2025Welcome to this stunning Belmont height, the most desirable neighborhood with flat lot and bay view, fully renovated home. Thoughtfully remodeled in 2023, this 4-bedroom, 2.5-bathroom residence offers a rare blend of luxury, functionality, and energy efficiency—all in a prime location near Hallmark Park, Waterdog Lake, and scenic hiking trails. Excellent schools. Highlights of the Renovation Include: Structural & Mechanical New Presidential TL roof with new plywood All new gutters New electrical subpanel (PG&E upgrade application in process) New ducts, furnace, and water heater Copper plumbing throughout Security system with 6 fiber-optic cameras and hard drive Anderson energy-efficient windows throughout New sliding door off the kitchen Interior Features Raised living room floor for a seamless, level layout (no more sunken area!) Smooth finish walls throughout Custom built-in shelving in the living room Fully renovated garage with new insulation, drywall, and space for 3 cars New lighting fixtures throughout the home All bathroom walls are sound insulated Garage floor is coated with epoxy coating Pet wash station for added convenience Kitchen with raised ceilings, all-new high-end appliances, and modern finishes Master bathroom with heated floors for ultimate comfort
Last Agent to Sell the Property
John Chen
License #01989871 Listed on: 07/11/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,339
Year Built
- Built in 1975
Lot Details
- 7,768 Sq Ft Lot
- Back Yard
Parking
- 3 Car Attached Garage
- Garage Door Opener
Home Design
- Contemporary Architecture
- Traditional Architecture
- Frame Construction
- Shingle Roof
- Wood Siding
- Shingle Siding
Interior Spaces
- 1-Story Property
- Brick Fireplace
- Double Pane Windows
- Dining Room with Fireplace
- Stacked Washer and Dryer
Kitchen
- Updated Kitchen
- Gas Range
- Microwave
- Dishwasher
- Fireplace in Kitchen
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- Gravity Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 045461050
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2025
Closed on
Jul 29, 2025
Sold by
Chan Kelvin K
Bought by
Cao And Yan Family Trust and Cao
Seller's Agent
John Chen
Buyer's Agent
Bill O''Leary
Compass
List Price
$345
Sold Price
$3,860,000
Premium/Discount to List
$3,859,655
1118740.58%
Total Days on Market
6
Views
15
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-97.64%
Original Mortgage
$2,860,000
Outstanding Balance
$2,860,000
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$109,951
Purchase Details
Closed on
Dec 1, 2023
Sold by
Liu Pearl
Bought by
Chan Kelvin K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.38%
Mortgage Type
Construction
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,860,000 | Chicago Title Company | |
| Grant Deed | $1,550,000 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,860,000 | New Conventional | |
| Previous Owner | $700,000 | Credit Line Revolving | |
| Previous Owner | $1,000,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Sold | $3,860,000 | +1118740.6% | $1,747 / Sq Ft |
| 07/17/2025 07/17/25 | Pending | -- | -- | -- |
| 07/11/2025 07/11/25 | For Sale | $345 | -- | $0 / Sq Ft |
Source: Bay East Association of REALTORS®
Tax History Compared to Growth
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 | $7,339 | $2,958,000 | $2,346,000 | $612,000 |
| 2023 | $7,339 | $467,403 | $187,807 | $279,596 |
| 2022 | $6,682 | $458,239 | $184,125 | $274,114 |
| 2021 | $6,514 | $449,255 | $180,515 | $268,740 |
| 2020 | $6,517 | $444,650 | $178,665 | $265,985 |
| 2019 | $6,786 | $435,932 | $175,162 | $260,770 |
| 2018 | $6,362 | $427,385 | $171,728 | $255,657 |
| 2017 | $6,009 | $419,006 | $168,361 | $250,645 |
| 2016 | $6,042 | $410,791 | $165,060 | $245,731 |
| 2015 | $5,614 | $404,621 | $162,581 | $242,040 |
| 2014 | $5,397 | $396,696 | $159,397 | $237,299 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2025
John Chen
-
Bill O''Leary
B
Buyer's Agent in 2025
Bill O''Leary
Compass
(650) 375-1111
2 Total Sales
Map
Source: Bay East Association of REALTORS®
MLS Number: 41104598
APN: 045-461-050
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