NOT LISTED FOR SALE

Estimated Value: $1,812,000 - $2,386,236

4 Beds
2 Baths
1,598 Sq Ft
$1,269/Sq Ft Est. Value

Last Sold December 05, 2022

Last sale price $1,788,000 $1,119 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $12,830/month

65 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Laundry Room
  • Washington Elementary School Rated A
  • 2 Car Detached Garage
  • 4-minute walk to Washington Park

About This Home

As of December 2022

Classic 1922 Clapboard Bungalow with location, potential, and additional income. Just blocks from the Avenue at the corner of Bayswater and Arundel. Currently configured as a duplex with two bedrooms and one bathroom per unit. Live in one and rent one for additional income ($3000 per month). Hardwood floors, updated eat-in kitchens, updated bathrooms.Washer and Dryer, per unit. Large unfinished basement for storage. Includes architectural drawings for approximately 600 ft expansion to one unit by building out the unfinished basement to result in a 2 - story unit with 4 bedrooms (2 suites) and 3 bathrooms. The other unit would remain as an attached ADU with 2 bedrooms and 1 bathroom with downstairs storage. Separate utility meters and detached two car garage. Please note, seller has always lived in one unit and rented the other unit since purchase of the property.

Last Agent to Sell the Property

MaryAnn Teixeira

Compass License #01518767 Listed on: 08/26/2022

Compass

Last Buyer's Agent

Justin Bautista

Newmark Cornish & Carey License #01268331

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,734

Year Built

  • 1922

Lot Details

  • 5,001 Sq Ft Lot
  • Level Lot
  • Drought Tolerant Landscaping
  • Grass Covered Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Craftsman Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,598 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating System
  • Thermostat
  • Separate Meters
  • Individual Gas Meter
  • Tankless Water Heater

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

Building Details

  • Insurance Expense $913
  • Maintenance Expense $330
  • Manager Expense $1,900
  • Operating Expense $25,833
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,734

Year Built

1922

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10006
  • Subclass: Duplex
  • Style: Craftsman
  • Age: 100
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1598
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1922

Interior Features

  • Kitchen: Countertop - Laminate, Countertop - Stone, Dishwasher, Garbage Disposal, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1598
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Drought Tolerant Plants, Low Maintenance
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Green Features

  • Energy Features: Energy Star Appliances, Tankless Water Heater, Thermostat Controller

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 50.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 913
  • Expense Maintenance: 330
  • Expense Management: 1900
  • Expenses Total: 25833
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Meters: Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Maintenance - Repair
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Nov 28, 2022
Sold by
Kelly N Leong Revocable Trust
Bought by
Spence James
Seller's Agent
MaryAnn Teixeira
Compass
Buyer's Agent
Justin Bautista
Newmark Cornish & Carey
List Price
$1,900,000
Sold Price
$1,788,000
Premium/Discount to List
-$112,000
-5.89%
Views
24
Current Estimated Value
$2,027,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,559
Original Mortgage
$1,072,800
Outstanding Balance
$1,034,663
Interest Rate
5.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 26, 2022
Closed on
Nov 8, 2022
Sold by
Powers Brian Timothy
Bought by
Powers Elizabeth
Seller's Agent
MaryAnn Teixeira
Compass
Buyer's Agent
Justin Bautista
Newmark Cornish & Carey
List Price
$1,900,000
Sold Price
$1,788,000
Premium/Discount to List
-$112,000
-5.89%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,072,800
Outstanding Balance
$1,034,663
Interest Rate
5.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2018
Sold by
Bayswater Holding Llc
Bought by
Leong Kelly N and The Kelly N Leong Revocable Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2009
Sold by
Reynolds Mark and Reynolds Jacqueline
Bought by
Bayswater Holdings Llc

Purchase Details

Closed on
Dec 10, 2001
Sold by
Reynolds Mark and Reynolds Jacqueline
Bought by
Reynolds Mark and Reynolds Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.39%

Purchase Details

Closed on
Aug 17, 1999
Sold by
Ingwersen James C & M W Trs
Bought by
Reynolds Mark and Reynolds Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,500
Interest Rate
8.12%
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
Spence James $1,788,000 Doma Title
Powers Elizabeth -- North American Title
Powers Elizabeth -- North American Title
Leong Kelly N $1,850,000 North American Title Co Inc
Bayswater Holdings Llc -- None Available
Reynolds Mark -- Fidelity National Title Co
Reynolds Mark $465,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spence James $1,072,800
Closed Powers Elizabeth $1,072,800
Previous Owner Leong Kelly N $1,050,000
Previous Owner Reynolds Mark $324,500
Previous Owner Reynolds Mark $326,000
Previous Owner Reynolds Mark $328,000
Previous Owner Reynolds Mark $325,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2022 12/05/22 Sold $1,788,000 -0.7% $1,119 / Sq Ft
10/30/2022 10/30/22 Pending -- -- --
10/10/2022 10/10/22 Price Changed $1,800,000 -5.3% $1,126 / Sq Ft
08/26/2022 08/26/22 For Sale $1,900,000 -- $1,189 / 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 $20,734 $1,860,235 $1,456,560 $403,675
2023 $20,734 $1,788,000 $1,400,000 $388,000
2022 $22,656 $1,983,572 $1,608,302 $375,270
2021 $22,690 $1,944,679 $1,576,767 $367,912
2020 $22,219 $1,924,740 $1,560,600 $364,140
2019 $21,724 $1,887,000 $1,530,000 $357,000
2018 $7,518 $628,110 $314,055 $314,055
2017 $7,463 $615,796 $307,898 $307,898
2016 $7,189 $603,722 $301,861 $301,861
2015 $7,157 $594,654 $297,327 $297,327
2014 $7,056 $583,006 $291,503 $291,503
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81905379

MLSListings

APN: 029-271-080