NOT LISTED FOR SALE

Estimated Value: $1,657,000 - $2,192,064

2 Beds
2 Baths
2,047 Sq Ft
$887/Sq Ft Est. Value

Last Sold January 07, 2015

Last sale price $885,000 $432 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $10,799/month

7 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Level Lot
  • Hillsdale High School Rated A+
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of January 2015

Same owner for 40 years | Both units are identical - large 1 bed 1 baths with hardwood floors | Both have private backyards with access through kitchen | Each has 1 car attached garage | Rents are low - long term tenants | Absolutely do not crash | One unit has gas forced air heat with furnace in garage - the other has a floor furnace ( gas )

Last Agent to Sell the Property

Steven Mogavero

RE/MAX Gold Redwood Shores. License #00992473 Listed on: 10/21/2014

Last Buyer's Agent

Tony Gabb

RE/MAX Gold Redwood Shores. License #00931565

RE/MAX Gold Redwood Shores.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,428

Year Built

  • 1948

Lot Details

  • 5,140

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 2,047 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Neighborhood Views
  • Disposal

Parking

  • Private Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $52,800

Community Details

Overview

  • 2,047 Sq Ft Building

Building Details

  • Insurance Expense $1,000
  • Maintenance Expense $1,000
  • Operating Expense $4,304
  • Gross Income $51,216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,428

Year Built

1948

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Duplex
  • Age: 66
  • Inspections Reports: Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2047
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Kitchen: Garbage Disposal, Varies By Unit, Refrigerator
  • Living Sq Ft: 2047
  • Stories: 1
  • Laundry: Laundry - No
  • Flooring: Hardwood

Exterior Features

  • Foundation: Post And Pier
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Off-Street Parking, Spaces Per Unit - 1

Utilities

  • Heating System: Central Forced Air, Floor Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5124.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5124.00
  • Lot Size Area Min Search: 5124.00
  • Maximum Lot Size: 5124.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.10
  • Min Rent1 Bed1 Bath: 2000

Multi Family

  • Expense Insurance: 1000
  • Expense Maintenance: 1000
  • Expenses Total: 4304
  • Income Annual Gross: 51216.00
  • Income Annual Rental: 52800
  • Income Gross Scheduled: 52800
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Maximum Rent1 Bed1 Bath: 2250
  • Maximum Size1 Bed1 Bath: 1000
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance - Repair, Fee - Property Tax, Vacancy Factor
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal
  • Vacancy Amount: 1584
  • Vacancy Factor: 3
  • Min Size1 Bed1 Bath: 900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2014
Closed on
Dec 31, 2014
Sold by
Natoli Joseph Robert and Natoli Marie Lucille
Bought by
Parnham Family Trust and Parnham Linda Raye
Seller's Agent
Steven Mogavero
RE/MAX Gold Redwood Shores.
Buyer's Agent
Tony Gabb
RE/MAX Gold Redwood Shores.
List Price
$849,888
Sold Price
$885,000
Premium/Discount to List
$35,112
4.13%
Current Estimated Value
$1,815,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$930,516
Avg. Annual Appreciation
6.88%
Original Mortgage
$625,500
Outstanding Balance
$480,516
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,335,000

Purchase Details

Closed on
Sep 9, 1996
Sold by
Natoli Joseph R
Bought by
Natoli Joseph Robert and Natoli Marie Lucille
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
Parnham Family Trust $885,000 Old Republic Title Company
Natoli Joseph Robert -- --
Natoli Joseph Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parnham Family Trust $625,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2015 01/07/15 Sold $885,000 +4.1% $432 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
10/21/2014 10/21/14 For Sale $849,888 -- $415 / 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 $14,428 $1,063,624 $531,812 $531,812
2023 $14,428 $1,022,324 $511,162 $511,162
2022 $13,881 $1,002,280 $501,140 $501,140
2021 $13,585 $982,628 $491,314 $491,314
2020 $12,986 $972,554 $486,277 $486,277
2019 $12,430 $953,486 $476,743 $476,743
2018 $11,784 $934,792 $467,396 $467,396
2017 $11,137 $916,464 $458,232 $458,232
2016 $10,937 $898,496 $449,248 $449,248
2015 $1,990 $93,389 $38,738 $54,651
2014 $2,384 $91,561 $37,980 $53,581
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81437917

MLSListings

APN: 039-382-200