$1,070,000
SOLD MAY 5, 2016

1029 Pearl Ave Moss Beach, CA 94038

Moss Beach Neighborhood
7 Beds
3 Baths
3,000 Sq Ft
3,790 Sq Ft Lot

Recently Sold

$357 Per Sq Ft

3% Below List Price

60 Days on Market

About This Home

As of December 2019

Investment Opportunity on the peninsula mid-coast. Single building located on double lot parcel. Detached garage could be separate workshop or multiple care garage. Tri-level building great square footage with good income potential.

Last Agent to Sell the Property

danny dimas

Element RE License #01863442 Listed on: 01/14/2016

Element RE

Last Buyer's Agent

danny dimas

Element RE License #01863442 Listed on: 01/14/2016

Element RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,309

Year Built

  • 1900

Parking

  • 2 Car Detached Garage
  • On-Street Parking

Home Design

  • 3,000 Sq Ft Home
  • Triplex
  • Wood Shingle Roof

Additional Features

  • 3,790 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $81,600

Community Details

Overview

Building Details

  • Insurance Expense $2,000
  • Maintenance Expense $1,100
  • Manager Expense $2,400
  • Operating Expense $19,250
  • Gross Income $81,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,309

Year Built

1900

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10000
  • Subclass: Triplex
  • Age: 116
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Living Sq Ft: 3000

Exterior Features

  • Roof: Wood Shakes / Shingles

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage, On Street

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Cabrillo Unified

Lot Info

  • Lot Acres: 0.0870
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3776.65
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3776.65

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 13.48

Multi Family

  • Utilities: Natural Gas
  • Expense Insurance: 2000
  • Expense Maintenance: 1100
  • Expense Management: 2400
  • Expenses Total: 19250
  • Income Annual Gross: 81600.00
  • Income Annual Rental: 81600
  • Income Gross Scheduled: 81600
  • Meters: Master Electric, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Vacancy Factor
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2019
Closed on
Dec 26, 2019
Sold by
Cowdery Christine and Cowdery James
Bought by
Masterson Raymond Michael and Masterson Audre Catherine
Seller's Agent
Lommori Stahl Group
REMAX Gold Pacifica
Buyer's Agent
Kasey & Brooke Hinchman
David Lyng Real Estate
List Price
$1,189,000
Sold Price
$1,189,000
Current Estimated Value
$1,748,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$559,584
Avg. Annual Appreciation
7.20%
Original Mortgage
$765,600
Outstanding Balance
$680,595
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$1,067,989

Purchase Details

Listed on
Jan 14, 2016
Closed on
Apr 25, 2016
Sold by
Nishkian Vahan and Nishkian Christine
Bought by
Kestler Donald W
Seller's Agent
danny dimas
Element RE
Buyer's Agent
danny dimas
Element RE
List Price
$1,100,000
Sold Price
$1,070,000
Premium/Discount to List
-$30,000
-2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.92%
Original Mortgage
$464,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2012
Sold by
Nishkian Vahan and Nishkian Christine
Bought by
Nishkian Vahan and Nishkian Christine

Purchase Details

Closed on
Oct 9, 1996
Sold by
Patton Ronald A and Patton Donna
Bought by
Nishkian Vahan and Nishkian Ana Christine

Purchase Details

Closed on
Aug 8, 1996
Sold by
Aames Capital Corp
Bought by
Patton Ronald A and Patton Donna
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $1,189,000 North American Title Co Inc
Grant Deed -- Lawyers Title Company Of Ca
Interfamily Deed Transfer $535,000 Lawyers Title Company Of Ca
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Grant Deed $126,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $765,600 New Conventional
Closed $304,380 Credit Line Revolving
Previous Owner $464,000 New Conventional
Previous Owner $150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2019 12/31/19 Sold $1,189,000 0.0% $396 / Sq Ft
12/05/2019 12/05/19 Pending -- -- --
10/25/2019 10/25/19 For Sale $1,189,000 +11.1% $396 / Sq Ft
05/05/2016 05/05/16 Sold $1,070,000 0.0% $357 / Sq Ft
05/05/2016 05/05/16 Sold $1,070,000 -0.5% $357 / Sq Ft
03/15/2016 03/15/16 Pending -- -- --
03/15/2016 03/15/16 Pending -- -- --
02/10/2016 02/10/16 Price Changed $1,075,000 -2.3% $358 / Sq Ft
01/14/2016 01/14/16 For Sale $1,100,000 0.0% $367 / Sq Ft
11/16/2015 11/16/15 For Sale $1,100,000 -- $367 / 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 $17,309 $1,147,863 $462,937 $684,926
2023 $17,309 $1,081,660 $436,237 $645,423
2022 $18,245 $1,060,452 $427,684 $632,768
2021 $16,999 $1,039,660 $419,299 $620,361
2020 $14,044 $1,029,000 $415,000 $614,000
2019 $10,953 $755,578 $575,173 $180,405
2018 $9,873 $740,764 $563,896 $176,868
2017 $10,622 $726,240 $552,840 $173,400
2016 $2,749 $156,000 $78,000 $78,000
2015 $3,626 $153,658 $76,829 $76,829
2014 $3,200 $150,650 $75,325 $75,325
Source: Public Records

Agents Affiliated with this Home

  • Lommori Stahl Group

    Seller's Agent in 2019

    Lommori Stahl Group

    RE/MAX

    (650) 868-0461

    5 in this area

    107 Total Sales

    Lommori Stahl Group
    Section Image
  • Kasey & Brooke Hinchman

    Buyer's Agent in 2019

    Kasey & Brooke Hinchman

    David Lyng Real Estate

    (831) 239-3708

    146 Total Sales

    Kasey & Brooke Hinchman
    Section Image

  • d

    Seller's Agent in 2016

    danny dimas

    Element RE

    Section Image
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Map

Source: MLSListings

MLS Number: ML81547010

MLSListings

APN: 037-185-220

California San Mateo County Moss Beach 94038 Moss Beach

1029 Pearl Ave, Moss Beach, CA

This home is located at 1029 Pearl Ave, Moss Beach, CA 94038 and is currently priced at $1,070,000, approximately $356 per square foot. This property was built in 1900. 1029 Pearl Ave is a home located in San Mateo County with nearby schools including Farallone View Elementary School, Manuel F. Cunha Intermediate School, and Half Moon Bay High School.

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