NOT LISTED FOR SALE

Estimated Value: $1,799,000 - $2,710,907

5 Beds
4 Baths
2,269 Sq Ft
$945/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $1,915,000 $844 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $13,545/month

112 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • 4 Car Garage
  • Highlands Elementary School Rated A-
  • Balcony
  • 4-minute walk to Martin Luther King Community Park

About This Home

As of April 2021

Located in one of San Mateo's emerging neighborhoods; this duplex which was extensively rebuilt in 1987 offers an excellent opportunity for those seeking investment or owner occupancy & income! Here are a few of the property highlights: Unit A is 2 bedroom/2 full bathroom unit; Unit B, the rear unit, is a 3 bedroom/2 full bathroom unit which was recently remodeled by the owner, both units are currently vacant, the front unit has a large unfinished basement area for storage, each unit has an assigned 2 car garage with additional off-street parking, brand new roof on the property, located in close proximity to Downtown San Mateo, shopping and transportation. New roof recently installed. 117 N. Delaware Street (duplex) is also available for sale.

Last Agent to Sell the Property

Gregory Terry

Compass License #00957651 Listed on: 11/24/2020

Compass

Co-Listed By

Tom Fanucchi

Compass License #00657467

Last Buyer's Agent

Jerry Jen

W Star Investment Inc License #01797402

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,512

Year Built

  • 1907

Lot Details

  • 5,750 Sq Ft Lot
  • Fenced
  • Level Lot
  • Sprinkler System

Parking

  • 4 Car Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,269 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Range Hood
  • Microwave
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • 220 Volts

Community Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,512

Year Built

1907

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM0004
  • Subclass: Duplex
  • Age: 113
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2269
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1907

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Stone, Countertop - Tile, Dishwasher, Exhaust Fan, Hood Over Range, Microwave, Refrigerator
  • Living Sq Ft: 2269
  • Stories: 2
  • Security: Fire Alarm
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Balcony / Patio, Fenced, Sprinklers - Lawn

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage, Detached Garage, Off-Street Parking, On Street

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling

Schools

  • School District: San Mateo Union High
  • Elementary School: Highlands Elementary
  • Middle School: Borel Middle
  • High School: San Mateo High
  • High School: 672
  • Elementary School: 640
  • Middle School: 610

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1320
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5750.00

Rental Info

  • Existing Lease Term(s): Building Vacant

Multi Family

  • Utilities: Public Utilities
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Depreciation, Fee - Property Tax, Insurance, Services - Gardener, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2020
Closed on
Apr 23, 2021
Sold by
Giustro Jack J and Giustro Eli Mary
Bought by
Wong Stephen and Wong Damon
Seller's Agent
Gregory Terry
Compass
Buyer's Agent
Jerry Jen
W Star Investment Inc
List Price
$1,950,000
Sold Price
$1,915,000
Premium/Discount to List
-$35,000
-1.79%
Current Estimated Value
$2,143,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,227
Avg. Annual Appreciation
3.32%
Original Mortgage
$1,532,000
Outstanding Balance
$1,386,384
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$823,801

Purchase Details

Closed on
Aug 18, 2020
Sold by
Giusto Michael A
Bought by
San Mateo Equity Corp

Purchase Details

Closed on
Aug 1, 2019
Sold by
Delaware Properties Llc
Bought by
Giusto Jack J and Giusto Eli Mary

Purchase Details

Closed on
Jan 10, 2015
Sold by
Giusto Jack J and Giusto Eli Mary
Bought by
Delaware Properties Llc

Purchase Details

Closed on
Dec 23, 2014
Sold by
Giusto Jack J and Giusto Irene J
Bought by
Giusto Jack J and Giusto Eli Mary

Purchase Details

Closed on
Dec 14, 2001
Sold by
Giusto Jack and Giusto Irene
Bought by
Giusto Jack J and Giusto Irene J
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wong Stephen $1,915,000 First American Title Company
San Mateo Equity Corp -- None Available
Giusto Jack J -- None Available
Delaware Properties Llc -- None Available
Giusto Jack J -- None Available
Giusto Jack J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Stephen $1,532,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2021 04/27/21 Sold $1,915,000 -1.8% $844 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
11/24/2020 11/24/20 For Sale $1,950,000 -- $859 / 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 $25,512 $2,072,855 $1,205,828 $867,027
2023 $25,512 $1,992,365 $1,159,005 $833,360
2022 $24,638 $1,953,300 $1,136,280 $817,020
2021 $16,407 $1,254,232 $675,216 $579,016
2020 $16,830 $1,175,862 $587,931 $587,931
2019 $15,812 $1,152,806 $576,403 $576,403
2018 $15,096 $1,130,202 $565,101 $565,101
2017 $14,975 $1,108,042 $554,021 $554,021
2016 $14,484 $1,086,316 $543,158 $543,158
2015 $13,810 $1,070,000 $535,000 $535,000
2014 $7,604 $530,935 $163,204 $367,731
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81821358

MLSListings

APN: 032-304-090