NOT LISTED FOR SALE

Estimated Value: $1,509,000 - $1,990,859

4 Beds
2 Baths
2,270 Sq Ft
$737/Sq Ft Est. Value

Last Sold April 21, 2022

Last sale price $1,525,000 $672 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,568/month

10 Days on Market

Highlights

  • 2 Car Attached Garage
  • Sequoia High School Rated A
  • 1-Story Property

About This Home

As of April 2022

Amazing Investment Opportunity in Redwood City both units are remodeled, close to Shopping center schools, parks, and transportation. this duplex sits on a 6,650 square feet lot, the combined units size is 2,270 square feet. Both units offer a 2 bedroom, 1 bath, and 1 car attached garage each, Must see. Both units are tenant-occupied, Front unit one year lease and Back unit month to month.

Last Agent to Sell the Property

Hossein Djalali

Coldwell Banker Realty License #01215831 Listed on: 03/28/2022

Coldwell Banker Realty

Last Buyer's Agent

Diane Wilson

Intero Real Estate Services License #01316429

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,826

Year Built

  • 1961

Lot Details

  • 6,652

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,270 Sq Ft Home
  • 1-Story Property

Additional Features

  • 6,652 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $67,200
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,000
  • Operating Expense $19,000
  • Gross Income $65,184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,826

Year Built

1961

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2270
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 2270
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1527
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6650.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6650.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 23.78
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expenses Total: 19000
  • Income Annual Gross: 65184.00
  • Income Annual Rental: 67200
  • Income Gross Scheduled: 67200
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Loan - Mortgage
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2016
Sold by
Gharavi Soraya
Bought by
Kass Michael and Gharavi Soraya
Current Estimated Value
$1,673,465

Purchase Details

Listed on
Sep 19, 2012
Closed on
Nov 5, 2012
Sold by
Bank Of America N A
Bought by
Gharavi Soraya
Seller's Agent
Rochelle Rivera
GMDE Holdings, Inc.
Buyer's Agent
Hossein Djalali
Coldwell Banker
List Price
$509,900
Sold Price
$535,000
Premium/Discount to List
$25,100
4.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.14%

Purchase Details

Closed on
May 10, 2012
Sold by
Kumaran Chandra and Kumaran Maureen Jehan
Bought by
Bank Of America N A

Purchase Details

Closed on
Apr 27, 2005
Sold by
Scattini Jerrold Peter and Scattini Janice M
Bought by
Kumaran Chandra and Kumaran Maureen Jehan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
2.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 16, 2003
Sold by
Mitchell David and Mitchell Karen
Bought by
Mitchell Karen M and Mitchell David C

Purchase Details

Closed on
Jul 2, 2002
Sold by
Scattini Jerrold Peter and Scattini Janice M
Bought by
Scattini Jerrold Peter and Scattini Janice

Purchase Details

Closed on
Jan 15, 2002
Sold by
Scattini Jerrold Peter
Bought by
Scattini Jerrold Peter and Scattini Janice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,900
Interest Rate
7.11%

Purchase Details

Closed on
Dec 31, 1998
Sold by
Scattini Janice M
Bought by
Scattini Jerrold P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.5%

Purchase Details

Closed on
Nov 30, 1998
Sold by
Fleet Real Estate Funding Corp
Bought by
Mitchell David and Mitchell Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.5%

Purchase Details

Closed on
Apr 2, 1998
Sold by
Craig Ontiveros and Ontiveros Sue
Bought by
Fleet Real Estate Funding Corp

Purchase Details

Closed on
Jul 11, 1995
Sold by
Ontiveros Kymberley
Bought by
Ontiveros Craig

Purchase Details

Closed on
Jan 9, 1995
Sold by
Ontiveros Craig and Ontiveros Kimberley
Bought by
Ontiveros Craig and Ontiveros Kymberley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
9.29%

Purchase Details

Closed on
Jul 25, 1994
Sold by
Ontiveros Sue and Ontiveros Craig
Bought by
Ontiveros Craig and Ontiveros Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
7.25%
Source: Public Records

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
Kass Michael -- None Available
Gharavi Soraya $535,000 First American Title Company
Bank Of America N A $515,250 Landsafe Title
Kumaran Chandra $720,000 Alliance Title
Mitchell Karen M -- --
Scattini Jerrold Peter -- --
Scattini Jerrold Peter -- Old Republic Title Company
Scattini Jerrold P -- North American Title Insuran
Mitchell David $290,000 North American Title Insuran
Fleet Real Estate Funding Corp $225,000 Fidelity National Title Ins
Ontiveros Craig -- --
Ontiveros Craig -- Northwestern Title Company
Ontiveros Craig -- Fidelity National Title Ins
Ontiveros Craig -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kass Michael $395,000
Previous Owner Kumaran Chandra $576,000
Previous Owner Mitchell David $385,000
Previous Owner Scattini Jerrold Peter $384,900
Previous Owner Mitchell David $232,000
Previous Owner Ontiveros Craig $30,000
Previous Owner Ontiveros Craig $217,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2022 04/21/22 Sold $1,525,000 -4.6% $672 / Sq Ft
04/08/2022 04/08/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $1,598,000 +198.7% $704 / Sq Ft
11/15/2012 11/15/12 Sold $535,000 +4.9% $236 / Sq Ft
10/05/2012 10/05/12 Pending -- -- --
09/19/2012 09/19/12 For Sale $509,900 -- $225 / 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
2025 $19,826 $1,618,342 $1,061,208 $557,134
2023 $19,826 $1,555,500 $1,020,000 $535,500
2022 $8,843 $620,806 $310,403 $310,403
2021 $8,718 $608,634 $304,317 $304,317
2020 $8,568 $602,394 $301,197 $301,197
2019 $8,484 $590,584 $295,292 $295,292
2018 $8,162 $579,004 $289,502 $289,502
2017 $7,753 $567,652 $283,826 $283,826
2016 $7,516 $556,522 $278,261 $278,261
2015 $7,224 $548,164 $274,082 $274,082
2014 $7,049 $537,428 $268,714 $268,714
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81884221

MLSListings

APN: 055-042-390