NOT LISTED FOR SALE

1155 Beech St East Palo Alto, CA 94303

Estimated Value: $1,232,000 - $1,467,775

5 Beds
4 Baths
2,340 Sq Ft
$563/Sq Ft Est. Value

Last Sold October 15, 2014

Last sale price $673,000 $288 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $7,898/month

86 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • 1-Story Property
  • Menlo-Atherton High School Rated A
  • Level Lot

About This Home

As of October 2014

Terrific Investment opportunity! East Palo Alto on the Rise! Duplex with two separate entrances. Current income $2,100 for front unit, rented on month-to month. Property is fully fenced for privacy. Both units have newer paint, and some new appliances. Unique income property on 10,850 SQFT lot. Great income with potential to expand. Gardenlike setting in private rear yard. AS IS

Last Agent to Sell the Property

Galina Plizga

New Light Realty License #01372469 Listed on: 06/16/2014

Last Buyer's Agent

Michelle Japhet

Intero Real Estate Services License #01879895

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,250

Year Built

  • 1960

Lot Details

  • Level Lot
  • Sprinkler System

Parking

  • Carport

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,340 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Eco-Friendly Details

  • Energy-Efficient Insulation

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $3,850
  • The owner pays for garbage, water

Community Details

Overview

  • 2,340 Sq Ft Building

Building Details

  • Insurance Expense $1,233
  • Trash Expense $50
  • Operating Expense $7,547
  • Gross Income $3,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,250

Year Built

1960

Lot Details

0

Listing Details

  • Zoning: R1002
  • Subclass: Duplex
  • Age: 54
  • Sale Price Per Sq Ft: 287.61
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2340
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: Garbage Disposal, Varies By Unit, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 2340
  • Stories: 1
  • Laundry: 220 Volt Outlet, Washer/Dryer - All Units
  • Flooring: Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • View: Local/Neighborhood
  • Yard/Grounds: Sprinklers - Lawn

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Carport

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10850.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 10850.00
  • Lot Size Area Min Search: 10850.00
  • Maximum Lot Size: 10850.00

Green Features

  • Energy Features: Insulated Water Heater, Low Flow Shower, Low Flow Toilet, Insulation - Per Owner

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 174.81

Multi Family

  • Expense Insurance: 1233
  • Expenses Total: 7547
  • Expense Trash: 50
  • Expense Water Sewer: 120
  • Income Annual Gross: 3850.00
  • Income Annual Rental: 3850
  • Income Gross Scheduled: 3850
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Services - Sewer
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2014
Closed on
Sep 19, 2014
Sold by
Perry James Michael
Bought by
Japhet Michelle
Seller's Agent
Galina Plizga
New Light Realty
Buyer's Agent
Michelle Japhet
Intero Real Estate Services
List Price
$700,000
Sold Price
$673,000
Premium/Discount to List
-$27,000
-3.86%
Current Estimated Value
$1,316,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$643,694
Avg. Annual Appreciation
6.28%
Original Mortgage
$417,000
Outstanding Balance
$318,532
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$998,162

Purchase Details

Closed on
Sep 20, 2005
Sold by
Willingham Clifford D and Willingham Theresa
Bought by
Willingham Clifford D and Willingham Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 1999
Sold by
Taylor Winston
Bought by
Willingham Clifford D and Bartoszynki Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
7.5%
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
Japhet Michelle -- Chicago Title Company
Japhet Michelle $673,000 Chicago Title Company
Willingham Clifford D -- Financial Title Company
Willingham Clifford D $294,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Japhet Michelle $417,000
Previous Owner Willingham Clifford D $394,000
Previous Owner Willingham Clifford D $235,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2014 10/15/14 Sold $673,000 -3.9% $288 / Sq Ft
09/10/2014 09/10/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $700,000 -- $299 / 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 $11,250 $808,834 $508,377 $300,457
2023 $11,250 $777,428 $488,637 $288,791
2022 $10,443 $762,185 $479,056 $283,129
2021 $10,240 $747,241 $469,663 $277,578
2020 $10,099 $739,580 $464,848 $274,732
2019 $9,527 $725,080 $455,734 $269,346
2018 $9,342 $710,864 $446,799 $264,065
2017 $9,013 $696,927 $438,039 $258,888
2016 $8,793 $683,262 $429,450 $253,812
2015 $8,860 $673,000 $423,000 $250,000
2014 $6,188 $432,804 $184,301 $248,503
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81421406

MLSListings

APN: 063-384-460