NOT LISTED FOR SALE

111 Northumberland Ave Redwood City, CA 94063

Redwood Village Neighborhood

Estimated Value: $1,130,000 - $1,240,546

8 Beds
4 Baths
2,280 Sq Ft
$513/Sq Ft Est. Value

Last Sold May 18, 2021

Last sale price $1,500,000 $658 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $7,238/month

10 Days on Market

Highlights

  • Level Lot
  • Woodside High School Rated A
  • 1-Story Property

About This Home

As of May 2021

First time to hit the market in over 45 years; this is an amazing investment opportunity to own a 4-plex in desirable Redwood City. Two separate duplex structures on one lot; each of the 4 units offer 2 bedrooms, 1 bathroom, and is assigned two parking spaces located at the front of the property. All four units are occupied with good standing long-term tenants. Tenants enjoy a spacious shared outdoor patio. Each unit has a separate meter for electricity and gas. Easy access to HWY 101, downtown Redwood City shops, and restaurants. Call today for additional information or showing options. Please do not disturb tenants.

Last Agent to Sell the Property

Noah Hurchanik

Coldwell Banker Realty License #01767102 Listed on: 04/06/2021

Coldwell Banker Realty

Last Buyer's Agent

Michael Pierce

Prodesse Property Group License #01190465

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,114

Year Built

  • 1959

Lot Details

  • 5,550 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Raised Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,280 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Assigned Parking

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $55,440

Community Details

Overview

  • 2,280 Sq Ft Building

Building Details

  • 4 Leased Units
  • Insurance Expense $2,500
  • Utility Expense $2,500
  • Trash Expense $2,000
  • Operating Expense $21,600
  • Gross Income $54,331

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,114

Year Built

1959

Lot Details

0

Listing Details

  • Zoning: R300S5
  • Subclass: Fourplex
  • Age: 62
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2280
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 2280
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space, Raised
  • Roof: Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Assigned Spaces, Uncovered Parking

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level, Regular
  • Lot Acres: 0.1274
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5550.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5550.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 27.96
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Expense Insurance: 2500
  • Expenses Total: 21600
  • Expenses Utility: 2500
  • Expense Trash: 2000
  • Income Annual Gross: 54331.00
  • Income Annual Rental: 55440
  • Income Gross Scheduled: 55440
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2021
Closed on
Apr 27, 2021
Sold by
111 Northcumberland Llc
Bought by
St Francis Center Of Redwood City
Seller's Agent
Noah Hurchanik
Coldwell Banker Realty
Buyer's Agent
Michael Pierce
Prodesse Property Group
List Price
$1,549,888
Sold Price
$1,500,000
Premium/Discount to List
-$49,888
-3.22%
Current Estimated Value
$1,168,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$331,113
Avg. Annual Appreciation
-7.47%

Purchase Details

Closed on
Dec 21, 1999
Sold by
Walker Gerald B and Walker Teresa J
Bought by
Walker Gerald B
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
St Francis Center Of Redwood City $1,500,000 Lawyers Title Company
Walker Gerald B -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2021 05/18/21 Sold $1,500,000 -3.2% $658 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $1,549,888 -- $680 / 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 $12,114 $811,822 $746,877 $64,945
2023 $12,114 $780,300 $717,876 $62,424
2022 $11,281 $765,000 $703,800 $61,200
2021 $4,170 $110,977 $12,777 $98,200
2020 $4,093 $109,840 $12,646 $97,194
2019 $3,965 $107,688 $12,399 $95,289
2018 $3,724 $105,577 $12,156 $93,421
2017 $3,336 $103,508 $11,918 $91,590
2016 $3,136 $101,480 $11,685 $89,795
2015 $3,016 $99,957 $11,510 $88,447
2014 $2,935 $98,000 $11,285 $86,715
Source: Public Records

Agents Affiliated with this Home

  • Noah Hurchanik

    Seller's Agent in 2021

    Noah Hurchanik

    Coldwell Banker Realty

    (650) 743-2126

    4 in this area

    32 Total Sales

    Noah Hurchanik
    Section Image
  • Michael Pierce

    Buyer's Agent in 2021

    Michael Pierce

    Prodesse Property Group

    (650) 430-9661

    3 in this area

    22 Total Sales

    Michael Pierce
    Section Image
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Map

Source: MLSListings

MLS Number: ML81837631

MLSListings

APN: 054-261-100

California San Mateo County Redwood City 94063 Redwood Village

111 Northumberland Ave, Redwood City, CA

This home is located at 111 Northumberland Ave, Redwood City, CA 94063 since 06 April 2021 and is currently estimated at $1,168,887, approximately $512 per square foot. This property was built in 1959. 111 Northumberland Ave is a home located in San Mateo County with nearby schools including Garfield Elementary School, John F. Kennedy Middle School, and Woodside High School.

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