NOT LISTED FOR SALE

Estimated Value: $2,128,000 - $2,627,000

4 Beds
3 Baths
2,493 Sq Ft
$935/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2015

Last sale price $1,790,000 $718 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $14,628 / mo

11 Days on Market

Highlights

  • Fireplace
  • 2 Car Attached Garage
  • Paved or Partially Paved Lot
  • Green Hills Elementary School Rated A-
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of July 2015

RARE FIND !! In the heart of downtown Millbrae. First time on market in ages. SPACIOUS Two Bedroom unit with very LARGE Kitchen and breakfast area. Look at the square footage and compare. All on one level. Laundry facilities. Almost single-family living. Income shown are market. No rent control. Long-time wonderful tenants, please be considerate. Walk to Trader Joe's, Walgreens, best schools. No better location. Trust sale,no court hearing required. OPEN HOUSE 6/7, Sunday, 2-4:00PM. Offers due 6/13.

Last Agent to Sell the Property

Theresa Chalmers

Mainstreet Properties License #00641123 Listed on: 06/04/2015

Last Buyer's Agent

Mike Bohnert

Coldwell Banker Realty License #01325031

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1952

Lot Details

  • 8,146 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,493 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Crawl Space
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $69,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $960
  • Insurance Expense $1,500
  • Maintenance Expense $200
  • Operating Expense $8,230
  • Gross Income $69,600

Property Details

Home Type

Multi-Family

Year Built

1952

Lot Details

8,146 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R30000
  • Subclass: Duplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2493
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 2493
  • Stories: 1
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space, Wood Frame
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Common Parking Area, Off-Street Parking, Room For Oversized Vehicle

Utilities

  • Heating System: Central Forced Air - Gas, Fireplace
  • Sewer/Septic System: Sewer Connected

Schools

  • High School: 659

Lot Info

  • Lot Description: Grade - Level, Paved
  • Lot Acres: 0.1870
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8160.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8160.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease Agreement - Written, Less Than 1 Yr
  • Gross Rent Multiplier: 26.58
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1500
  • Expense Landscape: 960
  • Expense Maintenance: 200
  • Expenses Total: 8230
  • Income Annual Gross: 69600.00
  • Income Annual Rental: 69600
  • Income Gross Scheduled: 69600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener
  • Tenant Expenses: All Expenses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2015
Closed on
Jul 9, 2015
Sold by
Lovan Joan E and Muscardini Michael C
Bought by
Lin Shih Jul
Seller's Agent
Theresa Chalmers
Mainstreet Properties
Buyer's Agent
Mike Bohnert
Coldwell Banker Realty
List Price
$1,850,000
Sold Price
$1,790,000
Premium/Discount to List
-$60,000
-3.24%
Current Estimated Value
$2,293,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,784
Avg. Annual Appreciation
2.45%
Original Mortgage
$800,000
Outstanding Balance
$623,138
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$1,707,383

Purchase Details

Closed on
Dec 16, 1994
Sold by
Alchera Aldo A and Alchera Gloria D
Bought by
Cook Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
9.27%
Source: Public Records
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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
Lin Shih Jul $1,795,000 North American Title Co Inc
Cook Theresa $194,000 Stewart Title
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
Open Lin Shih Jul $800,000
Previous Owner Cook Theresa $94,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2015 07/15/15 Sold $1,790,000 -3.2% $718 / Sq Ft
06/15/2015 06/15/15 Pending -- -- --
06/04/2015 06/04/15 For Sale $1,850,000 -- $742 / Sq Ft
Source: MLSListings

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 $26,283 $2,124,908 $1,062,454 $1,062,454
2023 $26,283 $2,042,398 $1,021,199 $1,021,199
2022 $22,787 $2,002,352 $1,001,176 $1,001,176
2021 $22,531 $1,963,092 $981,546 $981,546
2020 $22,163 $1,942,964 $971,482 $971,482
2019 $21,638 $1,904,868 $952,434 $952,434
2018 $21,213 $1,867,518 $933,759 $933,759
2017 $20,805 $1,830,900 $915,450 $915,450
2016 $20,548 $1,795,000 $897,500 $897,500
2015 $5,693 $466,466 $156,304 $310,162
2014 $5,570 $457,330 $153,243 $304,087
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81469017

MLSListings

APN: 021-352-230

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