NOT LISTED FOR SALE

1050 Main St Half Moon Bay, CA 94019

Estimated Value: $1,750,000 - $2,098,802

6 Beds
6 Baths
4,170 Sq Ft
$451/Sq Ft Est. Value

Last Sold April 17, 2024

Last sale price $1,740,000 $417 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $10,928/month

6 Days on Market

Highlights

  • Wood Flooring
  • 4 Car Attached Garage
  • Level Lot
  • Granite Countertops
  • Forced Air Heating System

About This Home

As of April 2024

Fantastic downtown income property opportunity! This spacious duplex situated on a corner lot offers two ~1600sf, 3 bedroom, 2.5 bathroom units. Both units were extensively updated in 2014 with granite counters, new paint inside and out, new carpets, hardwood floors in kitchen, stainless steel appliances. Entry way leads to light-filled living room with soaring ceiling. Kitchen includes breakfast bar and is open to family room. Separate dining room. Plenty of storage. Well-maintained and move-in ready. Separate front doors, attached 2-car garages and driveways make these units feel like completely separate homes. One has a fenced yard, both yards are landscaped. One existing tenant on month-to-month lease and would like to stay. Property is co-listed with owner who is also a CA Licensed Real Estate Broker.

Last Agent to Sell the Property

Kirsten Hagen

Compass License #01490617 Listed on: 03/28/2024

Compass

Co-Listed By

Beth Bartlett

Elizabeth Bartlett, Broker License #01159742

Last Buyer's Agent

Dave Parks

Gateway Properties License #00889699

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,984

Year Built

  • 1981

Lot Details

  • 8,803 Sq Ft Lot
  • Level Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 4,170 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

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

Listing and Financial Details

  • Total Actual Rent $87,822

Community Details

Overview

  • 4,170 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $4,530
  • Insurance Expense $1,687
  • Maintenance Expense $3,814
  • Operating Expense $22,194
  • Gross Income $87,822

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,984

Year Built

1981

Lot Details

0

Parking

4

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4170
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1981

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Microwave, Oven Range - Gas
  • Living Sq Ft: 4170
  • Stories: 2
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2021
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8804.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8804.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 19.93
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1687
  • Expense Landscape: 4530
  • Expense Maintenance: 3814
  • Expenses Total: 22194
  • Income Annual Gross: 87822.00
  • Income Annual Rental: 87822
  • Income Gross Scheduled: 87822
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Loan - Principle & Interest, Maintenance, Maintenance - Capital Improvements, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
Apr 10, 2024
Sold by
Bartlett Family Revocable Trust and Bartlett Paul H
Bought by
Steach Christina and Zanette Carla B
Seller's Agent
Kirsten Hagen
Compass
Buyer's Agent
Dave Parks
Gateway Properties
List Price
$1,750,000
Sold Price
$1,740,000
Premium/Discount to List
-$10,000
-0.57%
Views
22
Current Estimated Value
$1,881,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,201
Avg. Annual Appreciation
5.16%

Purchase Details

Listed on
Mar 28, 2024
Closed on
Apr 9, 2024
Sold by
Steach Brian
Bought by
Steach Christina
Seller's Agent
Kirsten Hagen
Compass
Buyer's Agent
Dave Parks
Gateway Properties
List Price
$1,750,000
Sold Price
$1,740,000
Premium/Discount to List
-$10,000
-0.57%
Views
22

Purchase Details

Closed on
Jan 8, 2014
Sold by
Devitt Michael R and Devitt Mary
Bought by
The Bartlett Family Revocable Trust and Bartlett Elizabeth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,050
Interest Rate
3.05%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 4, 2005
Sold by
Andreotti Julia Josephine
Bought by
Devitt Michael R and Devitt Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$743,250
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2001
Sold by
Marsh Joanne A and Andreotti Julia J
Bought by
Andreotti Julia Josephine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,500
Interest Rate
6.98%

Purchase Details

Closed on
Sep 14, 1998
Sold by
Andreotti Julie J and Holtz Joanne A
Bought by
Marsh Joanne A and Andreotti Julia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.89%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Steach Christina $1,740,000 Lawyers Title Company
Steach Christina -- Lawyers Title Company
The Bartlett Family Revocable Trust $757,000 First American Title Company
Devitt Michael R $991,000 Old Republic Title Company
Andreotti Julia Josephine -- Old Republic Title Company
Marsh Joanne A -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Bartlett Family Revocable Trust $492,050
Previous Owner Devitt Michael R $743,250
Previous Owner Andreotti Julia Josephine $363,500
Previous Owner Marsh Joanne A $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2024 04/17/24 Sold $1,740,000 -0.6% $417 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $1,750,000 -- $420 / 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 $12,984 $1,774,800 $1,152,600 $622,200
2023 $12,984 $891,935 $774,113 $117,822
2022 $11,963 $874,447 $758,935 $115,512
2021 $11,544 $857,302 $744,054 $113,248
2020 $11,328 $848,512 $736,425 $112,087
2019 $11,927 $831,876 $721,986 $109,890
2018 $11,429 $815,566 $707,830 $107,736
2017 $10,327 $799,575 $693,951 $105,624
2016 $10,383 $783,898 $680,345 $103,553
2015 $10,307 $772,124 $670,126 $101,998
2014 $9,575 $757,000 $378,500 $378,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81958564

MLSListings

APN: 064-352-310