NOT LISTED FOR SALE

11 E 41st Place San Mateo, CA 94403

Hillsdale Neighborhood

Estimated Value: $1,943,000 - $2,388,000

4 Beds
4 Baths
2,880 Sq Ft
$748/Sq Ft Est. Value

Last Sold August 05, 2018

Last sale price $1,900,000 $660 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $14,234/month

9 Days on Market

About This Home

As of August 2018

11 EAST 41ST PLACE is strategically located in one of the healthiest and thriving sub-markets in the Bay Area. San Mateo County is home to several major Fortune 500 companies including Facebook, Oracle & Genentech. Less than 1 mile to Hillsdale Caltrain. 11 EAST 41ST PLACE is in close proximity to the downtown areas of San Mateo and Hillsdale offering several attractive amenities including restaurants, boutique shopping, coffee shops, high-end grocers like Mollie Stones and Draegers, Cinemark Theaters and Central Park.

Last Agent to Sell the Property

Steve Zirelli

Cornish & Carey Commercial License #01929245 Listed on: 06/06/2018

Co-Listed By

Brian Henry

Newmark Cornish & Carey License #01385537

Last Buyer's Agent

Cameron Foster

Cameron Foster License #00972394

Cameron Foster

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,189

Year Built

  • 1957

Lot Details

  • 6,255 Sq Ft Lot

Parking

  • 3 Carport Spaces

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $68,694

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,375
  • Insurance Expense $2,186
  • Maintenance Expense $999
  • Manager Expense $3,580
  • Other Expense $85
  • Utility Expense $2,677
  • Trash Expense $1,105
  • Operating Expense $34,406
  • Gross Income $67,564

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,189

Year Built

1957

Lot Details

0

Listing Details

  • Zoning: Multi-Family
  • Subclass: Fourplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2880
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Living Sq Ft: 2880
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 3

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1436
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6256.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6256.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 25.81
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2186
  • Expense Landscape: 1375
  • Expense Maintenance: 999
  • Expense Management: 3580
  • Expenses Other: 85
  • Expenses Total: 34406
  • Expenses Utility: 2677
  • Expense Trash: 1105
  • Income Annual Gross: 67564.00
  • Income Annual Rental: 68694
  • Income Gross Scheduled: 69654
  • Income Includes: Coin Operated Equip
  • Income Other: 960
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Gardener, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2019
Sold by
Jones Stephen P and Woodfall Jones Allcia C
Bought by
Jones Stephen P and Woodfall Jones Alicia C
Current Estimated Value
$2,154,831

Purchase Details

Listed on
Jun 6, 2018
Closed on
Jul 9, 2018
Sold by
Schewettman H Aln H and Schewettman Judith L
Bought by
Jones Stephen P and Jones Alicia Woodfalt
Seller's Agent
Steve Zirelli
Cornish & Carey Commercial
Buyer's Agent
Cameron Foster
Cameron Foster
List Price
$1,798,000
Sold Price
$1,900,000
Premium/Discount to List
$102,000
5.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.79%
Original Mortgage
$1,235,000
Interest Rate
4.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 20, 2003
Sold by
Smith Todd L and Smith Cecelia S
Bought by
Smith Todd I and Smith Cecelia S

Purchase Details

Closed on
Jun 16, 2000
Sold by
Schwettman H Alan and Schwettman Judith L
Bought by
Schwettman H Alan and Schwettman Judith L
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 Buyer Sale Price Title Company
Jones Stephen P -- None Available
Jones Stephen P $1,900,000 Lawyers Title Co
Smith Todd I -- --
Schwettman H Alan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Stephen P $1,277,000
Closed Jones Stephen P $1,235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2018 08/05/18 Sold $1,900,000 +5.7% $660 / Sq Ft
06/16/2018 06/16/18 Pending -- -- --
06/06/2018 06/06/18 For Sale $1,798,000 -- $624 / 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 $30,189 $2,119,481 $1,227,068 $892,413
2023 $30,189 $2,037,180 $1,179,420 $857,760
2022 $28,558 $1,997,237 $1,156,295 $840,942
2021 $27,703 $1,958,076 $1,133,623 $824,453
2020 $27,330 $1,938,000 $1,122,000 $816,000
2019 $24,525 $1,900,000 $1,100,000 $800,000
2018 $4,861 $161,501 $46,678 $114,823
2017 $3,880 $158,335 $45,763 $112,572
2016 $4,052 $155,231 $44,866 $110,365
2015 $3,579 $152,901 $44,193 $108,708
2014 $3,476 $149,907 $43,328 $106,579
Source: Public Records

Agents Affiliated with this Home

  • Steve Zirelli

    Seller's Agent in 2018

    Steve Zirelli

    Cornish & Carey Commercial

    (650) 688-8508

    36 Total Sales

    Steve Zirelli
    Section Image
  • Brian Henry

    Seller Co-Listing Agent in 2018

    Brian Henry

    Newmark Cornish & Carey

    (650) 688-8507

    23 Total Sales

    Brian Henry
    Section Image

  • C

    Buyer's Agent in 2018

    Cameron Foster

    Cameron Foster

    (650) 548-9660

    2 in this area

    38 Total Sales

    Cameron Foster
    Section Image
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Map

Source: MLSListings

MLS Number: ML81708995

MLSListings

APN: 040-073-090

California San Mateo County San Mateo 94403 Hillsdale

11 E 41st Place, San Mateo, CA

This home is located at 11 E 41st Place, San Mateo, CA 94403 since 06 June 2018 and is currently estimated at $2,154,831, approximately $748 per square foot. This property was built in 1957. 11 E 41st Place is a home located in San Mateo County with nearby schools including George Hall Elementary School, Abbott Middle School, and Hillsdale High School.

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