NOT LISTED FOR SALE

1113 Oliver St Redwood City, CA 94061

Roosevelt Neighborhood

Estimated Value: $1,623,000 - $2,251,436

5 Beds
3 Baths
2,450 Sq Ft
$743/Sq Ft Est. Value

Last Sold March 22, 2022

Last sale price $1,500,000 $612 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $11,150/month

10 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 3-minute walk to Red Morton Park
  • Woodside High School Rated A

About This Home

As of March 2022

Prime west side 3br/2bath/2car garage home with attached 2/1 (1115 Oliver). Located just steps to Red Morton Park! Live in one and rent the other!! 1113 rented for $3995, 1115 is rented for $2575 month to month. Please do not disturb tenant.

Last Agent to Sell the Property

George Chopoff

RE/MAX Gold Redwood Shores. License #01007920 Listed on: 02/26/2022

RE/MAX Gold Redwood Shores.

Last Buyer's Agent

Yan Yan Xie

Goodview Financial & Real Estate License #02085409

Goodview Financial & Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,349

Year Built

  • 1939

Lot Details

  • 5,489

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • 2,450 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $51,600

Community Details

Overview

  • 2 Units
  • 2,450 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $500
  • Insurance Expense $1,200
  • Operating Expense $11,473
  • Gross Income $51,084

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,349

Year Built

1939

Lot Details

0

Parking

2

Listing Details

  • Zoning: R200
  • Subclass: Duplex
  • Age: 83
  • Listing Class: Residential Income (2-4 Units)
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2450
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Kitchen: Refrigerator
  • Living Sq Ft: 2450
  • Flooring: Hardwood, Carpet

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Off-Street Parking

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 34.84
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 500
  • Expenses Total: 11473
  • Income Annual Gross: 51084.00
  • Income Annual Rental: 51600
  • Income Gross Scheduled: 51600
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Electric, Services - Trash Removal
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2022
Closed on
Mar 21, 2022
Sold by
Invest In Units 1 Llc
Bought by
Xu Xinghua and Liu Shufen
Seller's Agent
George Chopoff
RE/MAX Gold Redwood Shores.
Buyer's Agent
Yan Yan Xie
Goodview Financial & Real Estate
List Price
$1,798,000
Sold Price
$1,500,000
Premium/Discount to List
-$298,000
-16.57%
Current Estimated Value
$1,821,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,359
Avg. Annual Appreciation
5.44%

Purchase Details

Closed on
Dec 1, 2009
Sold by
Driker Gregory
Bought by
Invest In Units #1 Llc

Purchase Details

Closed on
Nov 24, 2009
Sold by
Parker Shawn Allan
Bought by
Driker Gregory

Purchase Details

Closed on
Jul 20, 2005
Sold by
Albrecht Glenn R and Devaux Brigitte
Bought by
Parker Shawn Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,950
Interest Rate
1.25%
Mortgage Type
Negative Amortization
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
Xu Xinghua $1,500,000 Chicago Title
Invest In Units #1 Llc -- Chicago Title Company
Driker Gregory $700,000 Chicago Title Company
Parker Shawn Allan -- Chicago Title Company
Parker Shawn Allan $899,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parker Shawn Allan $649,950
Previous Owner Albrecht Glenn R $379,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2022 03/22/22 Sold $1,500,000 -16.6% $612 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
02/26/2022 02/26/22 For Sale $1,798,000 -- $734 / 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 $17,349 $1,591,812 $1,061,208 $530,604
2023 $17,349 $1,530,000 $1,020,000 $510,000
2022 $9,297 $851,446 $425,723 $425,723
2021 $9,207 $834,752 $417,376 $417,376
2020 $9,084 $826,194 $413,097 $413,097
2019 $9,051 $809,996 $404,998 $404,998
2018 $8,816 $794,114 $397,057 $397,057
2017 $8,721 $778,544 $389,272 $389,272
2016 $8,573 $763,280 $381,640 $381,640
2015 $8,253 $751,816 $375,908 $375,908
2014 $8,096 $737,090 $368,545 $368,545
Source: Public Records

Agents Affiliated with this Home

  • George Chopoff

    Seller's Agent in 2022

    George Chopoff

    RE/MAX

    (650) 743-4865

    1 in this area

    38 Total Sales

    George Chopoff
    Section Image
  • Yan Yan Xie

    Buyer's Agent in 2022

    Yan Yan Xie

    Goodview Financial & Real Estate

    (408) 621-9920

    1 in this area

    21 Total Sales

    Yan Yan Xie
    Section Image
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Map

Source: MLSListings

MLS Number: ML81880026

MLSListings

APN: 058-222-270

California San Mateo County Redwood City 94061 Roosevelt

1113 Oliver St, Redwood City, CA

This home is located at 1113 Oliver St, Redwood City, CA 94061 since 26 February 2022 and is currently estimated at $1,821,359, approximately $743 per square foot. This property was built in 1939. 1113 Oliver St is a home located in San Mateo County with nearby schools including Roosevelt Elementary School, John F. Kennedy Middle School, and Woodside High School.

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