NOT LISTED FOR SALE

8531 Preserve Ave Newark, CA 94560

Estimated Value: $1,430,000 - $1,528,000

4 Beds
2.5 Baths
1,886 Sq Ft
$787/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $1,075,000 $570 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $9,591/month

2 Days on Market

Highlights

  • Wood Flooring
  • Open to Family Room
  • Forced Air Heating and Cooling System
  • Great Room
  • Kitchen Island
  • Water Softener is Owned

About This Home

As of September 2020

Gorgeous 3 yr old home in the sought after Banks neighborhood of Bayshores community, Newark. Features 1886 sqft of open-concept, modern living space with 4 bedrooms & 2.5 bathrooms built on a corner lot. Entrance level has living room, dining room and a gourmet kitchen, offering a large chef's center island w/ quartz counter tops, plenty of storage. Ample windows bring in plenty of natural light. Master Bedroom w/ walk-in closet, master bath w/ his & her vanities, four bedrooms, bathroom & laundry room on the upper level. Spacious loft on top floor makes for warm family room & opens up to large covered patio, perfect for entertaining. Tank-less water heater, water softener, pre-wire for electric car charger, two car attached garage & covered driveway providing 2 additional parking spaces. Minutes away from major freeways, shopping, restaurants, hiking trails, New Park Mall and only a few miles from BART Stations.

Last Listed By

Nevin Li

AEZ Investment, Inc. License #02004904 Listed on: 08/19/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,923

Year Built

  • Built in 2017

Lot Details

  • 2,095 Sq Ft Lot
  • Zoning described as R1

HOA Fees

  • $120 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,886 Sq Ft Home
  • 3-Story Property
  • Great Room
  • Dining Area
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts
  • Water Softener is Owned

Community Details

  • Association fees include insurance - common area, maintenance - common area, management fee
  • Bayshores Master Association

Listing and Financial Details

  • Assessor Parcel Number 092-0258-047

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,923

Year Built

Built in 2017

Lot Details

0

HOA Fees

$120 per month

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 3
  • Listing Class: Residential
  • Structure Sq Ft: 1886
  • Year Built: 2017
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Dishwasher, Garbage Disposal, Hood Over Range, Island with Sink, Oven - Gas, Oven Range, Pantry, Refrigerator
  • Living Sq Ft: 1886
  • Stories: 3
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Great Room
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 120
  • HOA Documents: Bylaws, CC&RS
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Insurance - Common Area, Maintenance - Common Area, Management Fee
  • H O A Name Text: Bayshores Master Association
  • H O A Exist: Yes

Schools

  • School District: Newark Unified

Lot Info

  • Parcel Number: 092-0258-047
  • Lot Acres: 0.0481
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2097.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2097.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Newark Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 15, 2020
Sold by
Zhou Yu and Yang Yuan
Bought by
Huang Zibing and Li Xinyue
Seller's Agent
Nevin Li
AEZ Investment, Inc.
Buyer's Agent
Jing Hua
Keller Williams Thrive
List Price
$1,029,000
Sold Price
$1,075,000
Premium/Discount to List
$46,000
4.47%
Total Days on Market
2
Current Estimated Value
$1,484,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,661
Avg. Annual Appreciation
6.50%
Original Mortgage
$860,000
Outstanding Balance
$770,187
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$672,122

Purchase Details

Closed on
Dec 26, 2017
Sold by
Zhou Yu and Yang Yuan
Bought by
Zhou Yu and Yang Yuan

Range of Values:

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Average Value
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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
Huang Zibing $1,075,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Zibing $860,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2020 09/21/20 Sold $1,075,000 +4.5% $570 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $1,029,000 -- $546 / 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
2024 $13,923 $1,133,790 $342,237 $798,553
2023 $13,564 $1,118,430 $335,529 $782,901
2022 $13,415 $1,089,500 $328,950 $767,550
2021 $13,076 $1,068,000 $322,500 $752,500
2020 $11,972 $971,629 $291,520 $680,109
2019 $11,800 $952,578 $285,804 $666,774
2018 $11,631 $933,900 $280,200 $653,700
2017 $2,889 $235,400 $235,400 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2020

    Nevin Li

    AEZ Investment, Inc.

    (408) 217-8700

    1 in this area

    5 Total Sales

    Nevin Li
    Section Image
  • Shawn Luo

    Seller Co-Listing Agent in 2020

    Shawn Luo

    AEZ Investment, Inc.

    (408) 329-3793

    2 in this area

    149 Total Sales

    Shawn Luo
    Section Image
  • Jing Hua

    Buyer's Agent in 2020

    Jing Hua

    Keller Williams Thrive

    (650) 391-3505

    1 in this area

    46 Total Sales

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81806900

MLSListings

APN: 092-0258-047-00

California Alameda County Newark 94560

8531 Preserve Ave, Newark, CA

Homes for Sale in Newark, CA

This home is located at 8531 Preserve Ave, Newark, CA 94560 since 19 August 2020 and is currently estimated at $1,484,661, approximately $787 per square foot. This property was built in 2017. 8531 Preserve Ave is a home located in Alameda County with nearby schools including August Schilling Elementary School, Newark Junior High School, and Newark Memorial High School.

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