NOT LISTED FOR SALE

1103 A&B Madison Ave Redwood City, CA 94061

Centennial Neighborhood
5 Beds
5 Baths
3,660 Sq Ft
0.25 Acres

Last Sold January 25, 2022

Last sale price $2,650,000 $724 Per Sq Ft

107 Days on Market

Highlights

  • 0.25 Acre Lot
  • Vaulted Ceiling
  • Wood Flooring
  • Sequoia High School Rated A
  • Traditional Architecture
  • 2-minute walk to Mezes Park

About This Home

As of January 2022

Spacious townhouse-style duplex. Custom-built, multi-family investment property. Front Unit A: 2,000+ SF, 2 stories, 3 BD, 3 BA, formal dining room, spacious living room with high ceilings and fireplace, dramatic staircase, skylights, and sky-high windows for ample natural light. All-electric kitchen with pantry. Wood floors and carpeting. Delightful patio, perfect for BBQs and entertaining. 2-car extra large attached garage. Back Unit B: 1,500+ SF, single level, 2 BD, 2 BA, formal dining room, spacious living room with high ceilings and fireplace, and expansive sliding doors accessing the private wrap-around patio. 2-car attached garage, skylights, updated kitchen, and baths, sizable and private outdoor patio area. There is an additional 2-car garage for a total of three 2-car garages. Short distance to Red Morton Park. These units feel more like single-family homes. Ideal for multi-generational living. Very clean; all reports in.

Last Agent to Sell the Property

Mary Ficklin

Compass License #00522273 Listed on: 08/25/2021

Compass

Last Buyer's Agent

Louis Lee

CENTURY 21 Masters License #01727770

CENTURY 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • 1990

Lot Details

  • 0.25 Acre Lot
  • Fenced
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 6 Car Garage
  • Garage Door Opener

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • Walk-In Closet
  • 3,660 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights in Kitchen
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Self-Cleaning Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $108,600

Community Details

Overview

Building Details

  • Gardener Expense $2,890
  • Insurance Expense $4,965
  • Maintenance Expense $5,000
  • Other Expense $226
  • Utility Expense $1,500
  • Operating Expense $22,145
  • Gross Income $108,600

Property Details

Home Type

Multi-Family

Year Built

1990

Lot Details

0

Parking

6

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Traditional
  • Age: 31
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3660
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1990

Interior Features

  • Kitchen: Appliances - Vary By Unit, Cooktop - Electric, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Gas, Hookups - Ice Maker, Island, Microwave, Oven - Self Cleaning, Refrigerator, Skylight
  • Living Sq Ft: 3660
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab, Crawl Space, Sealed Crawlspace
  • Roof: Shingle
  • Yard/Grounds: Fenced, Low Maintenance, Sprinklers - Auto
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 6
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Vaulted Ceiling, Walk-In Closet

Schools

  • School District: Sequoia Union High
  • Elementary School: Roy Cloud Elementary
  • Middle School: John F. Kennedy Middle
  • High School: Sequoia High
  • High School: 674
  • Elementary School: 622
  • Middle School: 646

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.2521
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10981.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10981.00

Green Features

  • Energy Features: Skylight

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 25.64

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 4965
  • Expense Landscape: 2890
  • Expense Maintenance: 5000
  • Expenses Other: 226
  • Expenses Total: 22145
  • Expenses Utility: 1500
  • Income Annual Gross: 108600.00
  • Income Annual Rental: 108600
  • Income Gross Scheduled: 108600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Exterminator, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2022 01/25/22 Sold $2,650,000 -4.8% $724 / Sq Ft
12/11/2021 12/11/21 Pending -- -- --
12/05/2021 12/05/21 Price Changed $2,785,000 -3.1% $761 / Sq Ft
10/15/2021 10/15/21 Price Changed $2,875,000 -2.5% $786 / Sq Ft
10/05/2021 10/05/21 Price Changed $2,950,000 -3.2% $806 / Sq Ft
08/25/2021 08/25/21 For Sale $3,049,000 -- $833 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mary Ficklin

    Compass

    (650) 454-0112

    1 in this area

    9 Total Sales

    Section Image

  • L

    Buyer's Agent in 2022

    Louis Lee

    CENTURY 21 Masters

    (408) 725-4000

    1 in this area

    8 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81860008

MLSListings

California San Mateo County Redwood City 94061 Centennial

1103 A&B Madison Ave, Redwood City, CA

This home is located at 1103 A&B Madison Ave, Redwood City, CA 94061 since 25 August 2021. This property was built in 1990. 1103 A&B Madison Ave is a home located in San Mateo County with nearby schools including Clifford School, John F. Kennedy Middle School, and Sequoia High School.

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