NOT LISTED FOR SALE

Estimated Value: $1,641,000 - $2,258,761

7 Beds
2 Baths
3,531 Sq Ft
$517/Sq Ft Est. Value

Last Sold August 15, 2014

Last sale price $860,000 $244 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $11,384/month

23 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Floor Furnace
  • San Mateo High School Rated A+

About This Home

As of August 2014

Great investment opportunity for fixer upper. Close to downtown and freeway access. Addition to the back unit w/ permits. Lots of storage w/ carports and washer/dryer hookups for each of the units. Front unit is a 3/1.5 and back unit is a 4/3. To be sold AS IS. ***PLEASE DO NOT DISTURB OCCUPANTS***

Last Agent to Sell the Property

Cheryl Okuno

Compass License #01051270 Listed on: 06/24/2014

Compass

Last Buyer's Agent

Andy Gan

Prudential California Realty License #01868784

Prudential California Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,272

Lot Details

  • 8,407

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,531 Sq Ft Home
  • 2-Story Property
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Floor Furnace
  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Balcony

Listing and Financial Details

  • Total Actual Rent $58,860
  • The owner pays for garbage, hot water, water

Community Details

Overview

  • 3,531 Sq Ft Building

Building Details

  • Insurance Expense $1,155
  • Other Expense $2,000
  • Utility Expense $600
  • Trash Expense $1,145
  • Operating Expense $13,100
  • Gross Income $58,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,272

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Pest Control, Flood Zone
  • Sale Price Per Sq Ft: 243.56
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 3531
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Kitchen: Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3531
  • Stories: 2
  • Laundry: In Garage
  • Flooring: Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Carport

Utilities

  • Heating System: Wall Furnace, Floor Furnace, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8400.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 8400.00
  • Lot Size Area Min Search: 8400.00
  • Maximum Lot Size: 8400.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 11.47

Multi Family

  • Expense Insurance: 1155
  • Expenses Other: 2000
  • Expenses Total: 13100
  • Expenses Utility: 600
  • Expense Trash: 1145
  • Expense Water Sewer: 3000
  • Income Annual Gross: 58860.00
  • Income Annual Rental: 58860
  • Income Gross Scheduled: 58860
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Hot Water, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Utilities - Electric
  • Owner Pays: Garbage, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2014
Closed on
Aug 5, 2014
Sold by
Shimamoto Ronald T
Bought by
Xiong Yizhi and Zhao Tong
Seller's Agent
Cheryl Okuno
Compass
Buyer's Agent
Andy Gan
Prudential California Realty
List Price
$675,000
Sold Price
$860,000
Premium/Discount to List
$185,000
27.41%
Current Estimated Value
$1,823,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$963,940
Avg. Annual Appreciation
7.03%
Original Mortgage
$602,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 13, 2014
Sold by
Shimamoto Ronald T
Bought by
Shimamoto Ronald T

Purchase Details

Closed on
Sep 10, 2002
Sold by
Shimamoto Ronald T and Shimamoto Cherrie Y
Bought by
Shimamoto Ronald T and Shimamoto Cherrie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.29%

Purchase Details

Closed on
Aug 28, 2002
Sold by
Shimamoto Ronald T and Shimamoto Cherrie Y
Bought by
Shimamoto Ronald T and Shimamoto Cherrie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.29%

Purchase Details

Closed on
Mar 14, 2002
Sold by
Shimamoto Ronald T and Shimamoto Cherrie Y
Bought by
Shimamoto Ronald T and Shimamoto Cherrie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.99%

Purchase Details

Closed on
Mar 6, 2002
Sold by
Shimamoto Ronald T and Shimamoto Cherrie Y
Bought by
Shimamoto Ronald T and Shimamoto Cherrie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.99%

Purchase Details

Closed on
Oct 9, 2000
Sold by
Shimamoto Ronald T and Shimamoto Cherrie Y
Bought by
Shimamoto Ronald T and Shimamoto Cherrie Y

Purchase Details

Closed on
Apr 5, 1996
Sold by
Shimamoto Ronald T and Shimamoto Cherrie Y
Bought by
Shimamoto Ronald T and Shimamoto Cherrie Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
7.41%
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
Xiong Yizhi $900,000 Old Republic Title Company
Shimamoto Ronald T -- None Available
Shimamoto Ronald T -- --
Shimamoto Ronald T -- Old Republic Title Company
Shimamoto Ronald T -- --
Shimamoto Ronald T -- Old Republic Title Company
Shimamoto Ronald T -- --
Shimamoto Ronald T -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xiong Yizhi $1,092,500
Closed Xiong Yizhi $602,000
Previous Owner Shimamoto Ronald T $317,400
Previous Owner Shimamoto Ronald T $350,000
Previous Owner Shimamoto Ronald T $350,000
Previous Owner Shimamoto Ronald T $205,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2014 08/15/14 Sold $860,000 +27.4% $244 / Sq Ft
07/17/2014 07/17/14 Pending -- -- --
06/24/2014 06/24/14 For Sale $675,000 -- $191 / 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 $18,272 $1,081,657 $721,106 $360,551
2023 $18,272 $1,039,656 $693,105 $346,551
2022 $17,071 $1,019,271 $679,515 $339,756
2021 $15,268 $999,287 $666,192 $333,095
2020 $14,094 $989,042 $659,362 $329,680
2019 $13,572 $969,650 $646,434 $323,216
2018 $12,555 $950,638 $633,759 $316,879
2017 $12,160 $931,999 $621,333 $310,666
2016 $12,013 $913,725 $609,150 $304,575
2015 $11,961 $900,000 $600,000 $300,000
2014 $6,688 $262,332 $118,296 $144,036
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81422642

MLSListings

APN: 033-152-070