NOT LISTED FOR SALE

115 Madrid St San Francisco, CA 94112

Excelsior Neighborhood

Estimated Value: $1,067,000 - $1,372,715

4 Beds
2 Baths
2,005 Sq Ft
$586/Sq Ft Est. Value

Last Sold October 03, 2023

Last sale price $950,000 $474 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,294/month

57 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Security Fence

About This Home

As of October 2023

Opportunity is knocking! Tremendous development opportunities boast at this charming tri-level Victorian duplex w/ beautiful neighborhood views! This property has incredible potential! Use your imagination to build or remodel this home & take full advantage of the coveted Excelsior neighborhood. Only a 10 minute walk from shops, restaurants, Glen Park Bart, and Canyon Market in Glen Park Village. The spacious level backyard offers a peaceful retreat w/ a fruit bearing tree. The 2,495 s/f lot currently houses two separate units, each w/ two bedrooms and one bath. Each unit has a living room w/ a beautiful view of the city! A large basement adds further to the renovation potential. The property could be converted to a large single family residence. Conveniently located in sought after Excelsior neighborhood, steps to McLaren Park, playgrounds, shops, cafes, transit lines, easy 280/101 freeway access.*Cover photo is a rendering of what the home will look like once painted as a classic SF Victorian

Last Agent to Sell the Property

LAURA BRYANT

KW Advisors License #01818707 Listed on: 06/30/2023

KW Advisors

Last Buyer's Agent

FRANK CUTHBERT

Independent Rl Est Brokers License #02033447

Property Details

Home Type

  • Multi-Family

Year Built

  • 1907

Lot Details

  • 2,496 Sq Ft Lot
  • Security Fence

Parking

  • No Garage

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,005 Sq Ft Home
  • Fireplace
  • Wood Flooring

Community Details

Overview

Building Details

  • Gardener Expense $100
  • Insurance Expense $1,675
  • Maintenance Expense $250
  • Operating Expense $3,880

Property Details

Home Type

Multi-Family

Year Built

1907

Lot Details

0

Listing Details

  • Zoning: RH1
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2005
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1907

Interior Features

  • Kitchen: Refrigerator
  • Living Sq Ft: 2005
  • Security: Security Fence
  • Flooring: Hardwood

Exterior Features

  • Foundation: Wood Frame
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Parking Features: No Garage, No Parking

Utilities

  • Heating System: Fireplace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.0573
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2495.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2495.00

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1675
  • Expense Landscape: 100
  • Expense Maintenance: 250
  • Expenses Total: 3880
  • Meters: Separate Gas
  • Number Of Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2023
Closed on
Sep 26, 2023
Sold by
Ramos Torres Maritza
Bought by
Pineda Rolando A
Seller's Agent
LAURA BRYANT
KW Advisors
Buyer's Agent
FRANK CUTHBERT
Independent Rl Est Brokers
List Price
$998,000
Sold Price
$950,000
Premium/Discount to List
-$48,000
-4.81%
Views
436
Current Estimated Value
$1,174,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,429
Avg. Annual Appreciation
9.88%
Original Mortgage
$700,000
Outstanding Balance
$686,157
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$488,272

Purchase Details

Listed on
Jun 30, 2023
Closed on
Sep 25, 2023
Sold by
Novello James C and Nove Margarette
Bought by
Pineda Rolando A
Seller's Agent
LAURA BRYANT
KW Advisors
Buyer's Agent
FRANK CUTHBERT
Independent Rl Est Brokers
List Price
$998,000
Sold Price
$950,000
Premium/Discount to List
-$48,000
-4.81%
Views
436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$686,157
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$488,272

Purchase Details

Closed on
Jul 6, 2020
Sold by
Novello James C and Novello Margarette D
Bought by
Novello James C and Novello James C

Purchase Details

Closed on
Feb 28, 2005
Sold by
Novello James C
Bought by
Novello James C and Novello Margarette D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.61%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pineda Rolando A -- Lawyers Title Company
Pineda Rolando A $950,000 Lawyers Title Company
Novello James C -- None Available
Novello James C -- Financial Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pineda Rolando A $700,000
Previous Owner Novello James C $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2023 10/03/23 Sold $950,000 -3.8% $474 / Sq Ft
08/26/2023 08/26/23 Pending -- -- --
08/25/2023 08/25/23 Price Changed $988,000 -1.0% $493 / Sq Ft
06/30/2023 06/30/23 For Sale $998,000 -- $498 / 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 $1,912 $969,000 $678,300 $290,700
2024 $1,912 $86,690 $46,176 $40,514
2023 $1,827 $84,991 $45,271 $39,720
2022 $1,768 $83,326 $44,384 $38,942
2021 $1,732 $81,693 $43,514 $38,179
2020 $1,861 $80,856 $43,068 $37,788
2019 $1,808 $79,272 $42,224 $37,048
2018 $1,744 $77,719 $41,397 $36,322
2017 $1,427 $76,196 $40,586 $35,610
2016 $1,365 $74,703 $39,791 $34,912
2015 $1,341 $73,582 $39,194 $34,388
2014 $1,309 $72,142 $38,427 $33,715
Source: Public Records

Agents Affiliated with this Home

  • LAURA BRYANT

    Seller's Agent in 2023

    LAURA BRYANT

    KW Advisors

    (650) 888-0772

    1 in this area

    133 Total Sales

    LAURA BRYANT
    Section Image
  • FRANK CUTHBERT

    Buyer's Agent in 2023

    FRANK CUTHBERT

    Independent Rl Est Brokers

    (510) 327-9941

    1 in this area

    6 Total Sales

    FRANK CUTHBERT
    Section Image
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Map

Source: MLSListings

MLS Number: ML81933091

MLSListings

APN: 5956-040

California San Francisco County San Francisco 94112 Excelsior

115 Madrid St, San Francisco, CA

Not Listed for Sale

MultiFamily

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