NOT LISTED FOR SALE

116 Hobart Ave San Mateo, CA 94402

Baywood-Aragon Neighborhood

Estimated Value: $1,908,000 - $3,698,620

4 Beds
4 Baths
2,610 Sq Ft
$1,036/Sq Ft Est. Value

Last Sold February 03, 2023

Last sale price $2,280,000 $874 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $16,709/month

84 Days on Market

Highlights

  • Wood Flooring
  • 4 Car Attached Garage
  • Washer and Dryer
  • Baywood Elementary School Rated A
  • Forced Air Heating System
  • Fenced

About This Home

As of February 2023

FANTASTIC PRICE REDUCTION! The perfect duplex design! Like 2 single family homes. Identical 1305 SF mirror image units - light & bright 2 bed plus 1 & 1/4 baths separated by two 475 SF 2 car garages. Generous 9200 SF lot in sought after community and location. Each has a front porch, large living room, wood burning fireplace, generous dining room, kitchen with eat-in area and door to porch, plus easy access to oversized two car garage with full size washer & dryer, 1/4 bath and lots of storage; bedrooms are a great size 14x16 and 14x14, hall bath with shower over tub, rear unit has huge fenced yard. Ideal for owner occupy with rental in front or rent both. Have been in the same family since built in 1952 and are in mostly original but good condition. R-3 zoned so there is potential to add square footage. (Buyer to confirm) Near award-winning schools, great shopping, Central Park, popular downtown San Mateo, Hwys 92, 101 and 280 plus the train. Tremendous potential! Amazing opportunity!

Last Agent to Sell the Property

Miriam Chirko

Coldwell Banker Realty License #01130688 Listed on: 09/29/2022

Coldwell Banker Realty

Last Buyer's Agent

Stuart Yoxsimer

Switzer Goldau & Associates License #01347904

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,086

Year Built

  • 1952

Lot Details

  • 9,200 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 4 Car Attached Garage
  • On-Street Parking

Home Design

  • Duplex
  • Raised Foundation
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,610 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $90,000

Community Details

Overview

  • 2,610 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,750
  • Insurance Expense $2,500
  • Maintenance Expense $1,750
  • Utility Expense $2,000
  • Operating Expense $13,100
  • Gross Income $90,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,086

Year Built

1952

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Age: 70
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2610
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Countertop - Formica, Garbage Disposal, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2610
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter, Raised
  • Roof: Shingle
  • Yard/Grounds: Back Yard, Fenced

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage, On Street

Utilities

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

Schools

  • School District: San Mateo Union High
  • Elementary School: Baywood Elementary
  • Middle School: Borel Middle
  • High School: Aragon High
  • High School: 602
  • Elementary School: 608
  • Middle School: 610

Lot Info

  • Lot Acres: 0.2112
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9200.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 31.11
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2500
  • Expense Landscape: 1750
  • Expense Maintenance: 1750
  • Expenses Total: 13100
  • Expenses Utility: 2000
  • Income Annual Gross: 90000.00
  • Income Annual Rental: 90000
  • Income Gross Scheduled: 90000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Gardener, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2022
Closed on
Jan 17, 2023
Sold by
Annie Dina Hook Trust
Bought by
Loo Family Trust
Seller's Agent
Miriam Chirko
Coldwell Banker Realty
Buyer's Agent
Stuart Yoxsimer
Switzer Goldau & Associates
List Price
$3,200,000
Sold Price
$2,280,000
Premium/Discount to List
-$920,000
-28.75%
Views
24
Current Estimated Value
$2,704,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,905
Avg. Annual Appreciation
7.29%
Original Mortgage
$1,300,000
Outstanding Balance
$1,260,204
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$1,485,415

Purchase Details

Closed on
Dec 18, 2018
Sold by
Hook Annie D
Bought by
Hook Annie Dina and The Annie Dina Hook Trust

Purchase Details

Closed on
Sep 15, 2004
Sold by
Gava Alma G
Bought by
Hook Annie D
Source: Public Records

Range of Values:

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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
Loo Family Trust $2,280,000 First American Title
Hook Annie Dina -- None Available
Hook Annie D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loo Family Trust $1,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2023 02/03/23 Sold $2,280,000 -18.6% $874 / Sq Ft
12/23/2022 12/23/22 Pending -- -- --
11/10/2022 11/10/22 Price Changed $2,800,000 -12.5% $1,073 / Sq Ft
09/29/2022 09/29/22 For Sale $3,200,000 -- $1,226 / 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 $29,086 $2,372,112 $1,508,580 $863,532
2023 $29,086 $2,250,000 $1,420,000 $830,000
2022 $4,627 $163,938 $57,713 $106,225
2021 $5,091 $160,725 $56,582 $104,143
2020 $4,495 $159,078 $56,002 $103,076
2019 $4,168 $155,959 $54,904 $101,055
2018 $3,166 $152,902 $53,828 $99,074
2017 $2,913 $149,905 $52,773 $97,132
2016 $3,144 $146,967 $51,739 $95,228
2015 $2,712 $144,760 $50,962 $93,798
2014 $2,805 $141,925 $49,964 $91,961
Source: Public Records

Agents Affiliated with this Home

  • Miriam Chirko

    Seller's Agent in 2023

    Miriam Chirko

    Coldwell Banker Realty

    (650) 740-3593

    7 in this area

    58 Total Sales

    Miriam Chirko
    Section Image

  • S

    Buyer's Agent in 2023

    Stuart Yoxsimer

    Switzer Goldau & Associates

    (650) 342-4314

    1 in this area

    12 Total Sales

    Stuart Yoxsimer
    Section Image
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Map

Source: MLSListings

MLS Number: ML81908882

MLSListings

APN: 034-381-060

California San Mateo County San Mateo 94402 Baywood-Aragon

116 Hobart Ave, San Mateo, CA

This home is located at 116 Hobart Ave, San Mateo, CA 94402 since 29 September 2022 and is currently estimated at $2,704,905, approximately $1,036 per square foot. This property was built in 1952. 116 Hobart Ave is a home located in San Mateo County with nearby schools including Baywood Elementary School, Borel Middle School, and Aragon High School.

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