NOT LISTED FOR SALE

Estimated Value: $1,714,000 - $2,123,000

4 Beds
3 Baths
2,903 Sq Ft
$630/Sq Ft Est. Value

Last Sold April 09, 2020

Last sale price $1,532,175 $528 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $11,398/month

12 Days on Market

Highlights

  • Golf Course View
  • Marble Flooring
  • Double Pane Windows
  • Terra Nova High School Rated A-
  • 2 Car Detached Garage
  • Coin Laundry

About This Home

As of April 2020

Wonderful investment opportunity! Sharp Park Triplex. Downstairs is a two-bedroom and one-bath unit with updated kitchen and bath, laminate floor and bright rooms. Upstairs you will find two oversized one-bedroom and one-bath units with amazing golf course views. Average unit size is about 950 Sq Ft. Separate laundry room. 2 car garage and plenty of off-street parking. $96,900 yearly income. Just one block to the beach and directly across from the Sharp park and golf course with lots of hiking trails. Enjoy the majestic mountains, beautiful coastline, charming small town yet with San Francisco nearby. Approximately 6 miles away from the San Bruno Bart station, 20 minutes to San Francisco, 30 min to Menlo Park and 40 min drive to Palo Alto. Dont miss this amazing opportunity!

Last Agent to Sell the Property

Vicky Yu

Compass License #02002759 Listed on: 02/12/2020

Compass

Last Buyer's Agent

Angie Ni

Legend Realty & Finance Group License #01987487

Legend Realty & Finance Group

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 4,861 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Uncovered Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,903 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Golf Course Views

Flooring

  • Carpet
  • Laminate
  • Marble

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $96,900

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 2 Leased Units
  • Gardener Expense $300
  • Insurance Expense $2,000
  • Maintenance Expense $130
  • Utility Expense $1,680
  • Trash Expense $760
  • Operating Expense $22,914
  • Gross Income $97,200

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Parking

2

Listing Details

  • Zoning: R30000
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2903
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Living Sq Ft: 2903
  • Stories: 2
  • Security: Varies By Unit
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Marble

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel
  • View: Golf Course
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage, Drive Through, Off-Street Parking, Uncovered Parking

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1116
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4860.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4860.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.42
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 300
  • Expense Maintenance: 130
  • Expenses Total: 22914
  • Expenses Utility: 1680
  • Expense Trash: 760
  • Income Annual Gross: 97200.00
  • Income Annual Rental: 96900
  • Income Gross Scheduled: 97200
  • Income Includes: Laundry
  • Income Other: 300
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2020
Closed on
Mar 11, 2020
Sold by
Marianett Elim
Bought by
Saludo Nimrod and Ni Yunjie
Seller's Agent
Vicky Yu
Compass
Buyer's Agent
Angie Ni
Legend Realty & Finance Group
List Price
$1,498,888
Sold Price
$1,532,175
Premium/Discount to List
$33,287
2.22%
Current Estimated Value
$1,828,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,766
Avg. Annual Appreciation
3.14%
Original Mortgage
$919,305
Outstanding Balance
$812,623
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$1,016,318

Purchase Details

Listed on
Aug 3, 2018
Closed on
Sep 26, 2018
Sold by
Benter Carroll Dean and Tidmore Brantley Patrick
Bought by
Marianetti Elim
Seller's Agent
Craig Ackerman
Ackerman Realty Group
Buyer's Agent
Liu-Tyng Lin
Liu-Tyng Lin, Broker
List Price
$1,499,000
Sold Price
$1,454,500
Premium/Discount to List
-$44,500
-2.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.48%
Original Mortgage
$1,051,875
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 6, 2017
Closed on
Mar 13, 2017
Sold by
Paladini Mark R
Bought by
Tidmore Brantley Patrick and Benter Caroll Dean
Seller's Agent
Robert Stuckey
Fahey Properties Inc
Buyer's Agent
Craig Ackerman
Ackerman Realty Group
List Price
$1,250,000
Sold Price
$1,300,000
Premium/Discount to List
$50,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%
Original Mortgage
$565,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2008
Sold by
Benson Mark A and Benson Paul M
Bought by
Paladini Mark R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 1993
Sold by
Benson Mark A
Bought by
Benson Mark A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Saludo Nimrod $1,532,500 First American Title Company
Marianetti Elim $1,454,500 Fidelity National Title
Tidmore Brantley Patrick $1,300,000 Chicago Title Company
Paladini Mark R $850,000 Chicago Title Co
Benson Mark A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saludo Nimrod $919,305
Previous Owner Marianetti Elim $1,051,875
Previous Owner Tidmore Brantley Patrick $565,000
Previous Owner Paladini Mark R $637,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2020 04/09/20 Sold $1,532,175 +2.2% $528 / Sq Ft
02/25/2020 02/25/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $1,498,888 +3.1% $516 / Sq Ft
10/04/2018 10/04/18 Sold $1,454,500 -3.0% $501 / Sq Ft View Prior Sale
09/07/2018 09/07/18 Pending -- -- --
08/13/2018 08/13/18 For Sale $1,499,000 0.0% $516 / Sq Ft
08/08/2018 08/08/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $1,499,000 +15.3% $516 / Sq Ft
03/24/2017 03/24/17 Sold $1,300,000 +4.0% $448 / Sq Ft View Prior Sale
02/18/2017 02/18/17 Pending -- -- --
02/06/2017 02/06/17 For Sale $1,250,000 -- $431 / 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 $21,786 $1,675,653 $874,915 $800,738
2023 $21,786 $1,610,588 $840,942 $769,646
2022 $20,550 $1,579,008 $824,453 $754,555
2021 $19,370 $1,548,048 $808,288 $739,760
2020 $18,804 $1,483,590 $714,000 $769,590
2019 $18,044 $1,454,500 $700,000 $754,500
2018 $17,246 $1,326,000 $714,000 $612,000
2017 $13,311 $962,000 $481,000 $481,000
2016 $12,609 $943,138 $471,569 $471,569
2015 $12,188 $928,972 $464,486 $464,486
2014 $12,184 $910,776 $455,388 $455,388
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81782362

MLSListings

APN: 016-321-100