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2801 Highgate Ave
Belmont, CA

2801 Highgate Ave

3.4M
4 bd • 3 ba • 2,930 sf

This analysis was generated by artificial intelligence on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 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, 1997
Song Sim LauderPeter Lauder
Intrafamily Transfer
Non-Arm's Length Transactions
$625,000Financed
Nov 12, 1997
Lauber Peter & EstelaStephen N Potter, Michelle Busch Potter
Individual Deed
Standard Sale (Purchase/Resales)

Market Insights

Real-time analysis of the local housing market

January 2025
Seller's Market

This is currently a competitive market for buyers in 94002. Homes are selling quickly and often above asking price, so be prepared to act fast and make strong offers.

$2,259,000
$1/sqft
13.0%
Change from last month
Your price: $3.4M (+53%)
Your price/sqft: $1,176/sqft (+117542%)
26
7 sold last month
73.3%
Change from last month
29 days
Average for homes in this area
42.5%
Change from last month

Sale Price Distribution

Last month
1
Over Asking
homes
5
At Asking
homes
1
Under Asking
homes
Total: 7 homes sold

If you're buying a home in 94002, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.

Sale Time Distribution

Last month
5
Under 30 Days
homes
Your property
1
30-90 Days
homes
1
Over 90 Days
homes
Total: 7 homes sold

Many homes in 94002 are selling fast, if you're buying plan to act quickly.

Risk Assessment

Safety Analysis

61/100
Good

Based on data from Belmont Police Department

Total Crime Rate
512.0
per 100,000 residents
Violent Crime Rate
151.5
per 100,000 residents
Property Crime Rate
354.0
per 100,000 residents

Crime Rate Comparison

Recent Crime Trends

2022
Violent Crimes
144
Property Crimes
379
2023
Violent Crimes
159
10.4%
Property Crimes
342
9.8%

Risk Analysis

• **Earthquake Risk:** Belmont's location near the San Andreas Fault presents a significant risk of earthquakes, potentially leading to property damage and financial loss. Earthquake insurance is highly recommended but can be expensive. • **Wildfire Risk:** Belmont is located in an area prone to wildfires, which can result in property damage and increased insurance premiums. Homeowners should take precautions to mitigate fire risk. • **High Cost of Living:** The high price per square foot ($1176.42) and overall property values make Belmont an expensive place to live. Buyers should carefully consider their budget and long-term financial goals. • **Crime Rate Fluctuations:** While crime rates are generally low, there has been a slight increase in violent crimes from 2022 to 2023 (144 to 159 incidents). Buyers should stay informed about local crime trends and take necessary precautions. • **Lack of Specific Property Details:** The absence of property features and room details in the listing makes it difficult to assess the property's condition and suitability. Buyers should conduct a thorough inspection before making an offer.

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Schools

Showing top 5 of 10 schools

Carlmont High School

PublicGrades 9-12
9/10
High
2,216 students

Ralston Intermediate School

PublicGrades 6-8
9/10
Middle
1,150 students

Fox Elementary School

PublicGrades K-5
8/10
Elementary
491 students

Cipriani Elementary School

PublicGrades K-5
8/10
Elementary
441 students

Sandpiper Elementary School

PublicGrades K-6
8/10
Elementary
617 students

Financials

Monthly Costs
Market Rent (4 bed)

$4,700

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$3,446,900
Price/sqft
$1,176
Layout
4 bd3 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

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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