NOT LISTED FOR SALE

1116 Cypress Ave San Mateo, CA 94401

North Central Neighborhood

Estimated Value: $1,370,000 - $1,829,000

4 Beds
2 Baths
2,344 Sq Ft
$709/Sq Ft Est. Value

Last Sold June 22, 2012

Last sale price $455,000 $194 Per Sq Ft

Est. 265% increase in value since last sale

Current estimated payment $9,605/month

40 Days on Market

About This Home

As of June 2012

TWO Houses on 1 lot! This Property has high potential. Great to live in one and rent the other. Great for Investment and opportunity.

Last Agent to Sell the Property

Yamin Ayesh

Re/Max Synergy Group License #01305508 Listed on: 02/24/2012

Re/Max Synergy Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,475

Year Built

  • 1938

Lot Details

  • 7,492

Parking

  • Covered Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,344 Sq Ft Home
  • Carpet

Utilities

  • No Heating
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

  • 2 Units
  • 2,344 Sq Ft Building

Building Details

  • Operating Expense $11,931
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,475

Year Built

1938

Lot Details

0

Listing Details

  • Zoning: R300
  • Subclass: Duplex
  • Age: 74
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 194.11
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2344
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1938

Interior Features

  • Living Sq Ft: 2344
  • Laundry: Laundry - No
  • Flooring: Carpet, Varies By Unit

Exterior Features

  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Common Parking Area

Utilities

  • Heating System: No Heating
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7500.00
  • Lot Size Area Min Search: 7500.00
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.94

Multi Family

  • Expenses Total: 11931
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Miscellaneous/Other
  • Tenant Expenses: Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2012
Closed on
May 7, 2012
Sold by
Stevens Bruce I
Bought by
Maher Kathleen
Seller's Agent
Yamin Ayesh
Re/Max Synergy Group
List Price
$495,000
Sold Price
$455,000
Premium/Discount to List
-$40,000
-8.08%
Current Estimated Value
$1,662,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,207,599
Avg. Annual Appreciation
10.24%
Original Mortgage
$364,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2005
Sold by
Mcglinchey Adrian
Bought by
Stevens Bruce I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,750
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 28, 1999
Sold by
Keffer Stephen H and Keffer Margaret C
Bought by
Mcglinchey Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
7.56%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 23, 1994
Sold by
Keffer Stephen H
Bought by
Keffer Stephen H and Keffer Margaret C
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
Maher Kathleen $455,000 Placer Title Company
Stevens Bruce I $985,000 Fidelity National Title
Mcglinchey Adrian $465,000 Fidelity National Title Co
Keffer Stephen H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maher Kathleen $364,000
Previous Owner Stevens Bruce I $738,750
Previous Owner Mcglinchey Adrian $372,000
Closed Mcglinchey Adrian $46,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2012 06/22/12 Sold $455,000 -8.1% $194 / Sq Ft
04/04/2012 04/04/12 Pending -- -- --
02/24/2012 02/24/12 For Sale $495,000 -- $211 / 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 $9,475 $571,492 $285,746 $285,746
2023 $9,475 $549,302 $274,651 $274,651
2022 $8,920 $538,532 $269,266 $269,266
2021 $8,709 $527,974 $263,987 $263,987
2020 $8,384 $522,562 $261,281 $261,281
2019 $7,645 $512,316 $256,158 $256,158
2018 $7,305 $502,272 $251,136 $251,136
2017 $6,525 $492,424 $246,212 $246,212
2016 $6,348 $482,770 $241,385 $241,385
2015 $6,286 $475,520 $237,760 $237,760
2014 $6,574 $466,206 $233,103 $233,103
Source: Public Records

Agents Affiliated with this Home

  • Yamin Ayesh

    Seller's Agent in 2012

    Yamin Ayesh

    RE/MAX

    (510) 755-5735

    84 Total Sales

    Yamin Ayesh
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Map

Source: MLSListings

MLS Number: ML81207118

MLSListings

APN: 033-127-140

California San Mateo County San Mateo 94401 North Central

1116 Cypress Ave, San Mateo, CA

This home is located at 1116 Cypress Ave, San Mateo, CA 94401 since 24 February 2012 and is currently estimated at $1,662,599, approximately $709 per square foot. This property was built in 1938. 1116 Cypress Ave is a home located in San Mateo County with nearby schools including Meadow Heights Elementary School, Abbott Middle School, and San Mateo High School.

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