Score
0Belmont, CA
2801 Highgate Ave
3.4M
4 beds
3 baths
2,930 sqft
4 bd • 3 ba • 2,930 sf
This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$3,446,900
Price/Sq.Ft
$1,176
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Belmont has a relatively high safety score of 61/100, indicating a generally safe area. This is a positive attribute for families and individuals concerned about safety.
• Both violent and property crime rates are significantly lower than state and national averages. Violent crime is -52.6% vs state and -56.6% vs national. Property crime is -42.0% vs state and -30.4% vs national.
• Specific crime types like robbery and motor vehicle theft are also significantly lower than state and national averages, indicating a secure environment.
• Belmont has a high median income of $175,694, suggesting a prosperous community with good schools and amenities. This is attractive to affluent buyers.
• The rental market is strong, with 4-bedroom homes renting for approximately $4,700 per month. This indicates a desirable area for renters, which can be attractive to investors.
The Bad
• The price per square foot is very high at $1176.42. This is significantly above the national average and even higher than many other parts of the Bay Area. This could indicate overpricing or a highly desirable location within Belmont.
• Lack of property description and features makes it difficult to assess the true value and condition. A buyer would need to do significant due diligence to understand what they are paying for.
• The age of the property is unknown. This is a significant issue as older homes may have hidden problems (foundation, plumbing, electrical) that can be costly to repair.
• While crime rates are low compared to state and national averages, there was an increase in violent crimes from 2022 to 2023 (144 to 159 incidents). This, while a small change, might be concerning to some buyers.
The Ugly
• The lack of information about the property's age, features, and condition is a major concern. A buyer is essentially flying blind, which significantly increases the risk of unexpected problems and costs.
• Despite lower crime rates overall, any increase in violent crime (even a small one) can be a red flag. Buyers should investigate the specific types of violent crime and their locations to assess the true risk.
• The high price per square foot ($1176.42) may not be justified if the property has underlying issues or is not significantly better than comparable properties in the area. A thorough appraisal is essential.
• No utility information is available. Buyers won't know the typical utility costs which is important to consider when purchasing a property.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• High-income individuals or families seeking a home in a safe, suburban environment with good schools and access to amenities. The median income in Belmont is $175,694, suggesting the area is attractive to affluent buyers.
• Individuals who value safety and are willing to pay a premium for it. Belmont's violent and property crime rates are significantly lower than state and national averages, making it an appealing choice for safety-conscious buyers.
• Investors considering rental properties, particularly those targeting high-end renters. The rental rates for 4-bedroom homes in Belmont average $4,700 per month, indicating a strong rental market.
• Buyers looking for a home with relatively low crime rates. Belmont's crime rates are significantly lower than both state and national averages. For example, violent crime is -52.6% vs the state average and -56.6% vs the national average.
Not For
• Buyers on a tight budget may find Belmont unaffordable due to the high price per square foot ($1176.42) and overall property values. The median income in Belmont is $175,694, suggesting the area is geared towards higher-income individuals.
• Individuals sensitive to earthquake risk may want to consider other locations. Belmont is situated near the San Andreas Fault, which poses a significant seismic threat.
• Buyers seeking a vibrant nightlife or extensive entertainment options may find Belmont lacking compared to larger cities. It's primarily a suburban residential area.
• Those who prefer lower property taxes. Belmont's property taxes are higher than the national average, increasing the overall cost of homeownership.
Demographics
Area Median Income
$175,694
Property History
Price History
Ownership Timeline
$0Cash Purchase
Nov 13, 1997Song Sim LauderPeter Lauder
Intrafamily Transfer
Non-Arm's Length Transactions
$625,000Financed
Nov 12, 1997Lauber Peter & EstelaStephen N Potter, Michelle Busch Potter
Individual Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
7.0/10
GoodMiddle
6.7/10
GoodHigh
8.0/10
ExcellentFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$2,370
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$3,446,900
Price/sqft
$1,176
Layout
4 bd•3 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$3,283,333
5.0%
Your price is 5.0% above average
Median Price
$3,600,000
4.3%
Based on 6 recent sales
Price per Sq.Ft
$1,275
7.7%
Your price is 7.7% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 3602 Reposo Way, Belmont, CA 94002 | $3,450,000 | 2,663 | 4 | 3 | $1,29610.1% | 1/27/2025 |
| 2904 Hallmark Drive, Belmont, CA 94002 | $3,700,000 | 2,520 | 4 | 3 | $1,46824.8% | 1/31/2025 |
| 2007B Notre Dame Avenue, Belmont, CA 94002 | $3,600,000 | 2,580 | 4 | 3 | $1,39518.6% | 1/19/2025 |
| 2007 Notre Dame Avenue, Belmont, CA 94002 | $3,600,000 | 2,580 | 4 | 3 | $1,39518.6% | 1/19/2025 |
| 1737 Terrace Drive, Belmont, CA 94002 | $2,300,000 | 2,420 | 3 | 3 | $95019.2% | 2/6/2025 |
| 844 Overlook Court, San Mateo, CA 94403 | $3,050,000 | 2,660 | 4 | 3 | $1,1472.5% | 12/31/2024 |
3602 Reposo Way, Belmont, CA 94002
Price: $3,450,000
Sq.Ft: 2,663
Beds/Baths: 4/3
$/Sq.Ft:
$1,29610.1%
Sale Date: 1/27/2025
2904 Hallmark Drive, Belmont, CA 94002
Price: $3,700,000
Sq.Ft: 2,520
Beds/Baths: 4/3
$/Sq.Ft:
$1,46824.8%
Sale Date: 1/31/2025
2007B Notre Dame Avenue, Belmont, CA 94002
Price: $3,600,000
Sq.Ft: 2,580
Beds/Baths: 4/3
$/Sq.Ft:
$1,39518.6%
Sale Date: 1/19/2025
2007 Notre Dame Avenue, Belmont, CA 94002
Price: $3,600,000
Sq.Ft: 2,580
Beds/Baths: 4/3
$/Sq.Ft:
$1,39518.6%
Sale Date: 1/19/2025
1737 Terrace Drive, Belmont, CA 94002
Price: $2,300,000
Sq.Ft: 2,420
Beds/Baths: 3/3
$/Sq.Ft:
$95019.2%
Sale Date: 2/6/2025
844 Overlook Court, San Mateo, CA 94403
Price: $3,050,000
Sq.Ft: 2,660
Beds/Baths: 4/3
$/Sq.Ft:
$1,1472.5%
Sale Date: 12/31/2024
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