NOT LISTED FOR SALE

1186 Davis St Redwood City, CA 94061

Palm Park Neighborhood

Estimated Value: $1,435,000 - $1,724,341

2 Beds
1 Bath
1,885 Sq Ft
$823/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $1,130,000 $599 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $9,388/month

5 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Washer and Dryer
  • Woodside High School Rated A
  • Floor Furnace
  • 4-minute walk to Hawes Park

About This Home

As of September 2019

First time investors dream west side duplex close to downtown Redwood City. Front unit is 1br/1ba approximately 650 sqft with attached garage with washer/dryer. Back unit is 1br/1ba approximately 750 sqft with garage, washer/dryer and private yard. Property has been upgraded with dual pane windows and new roof in 2016.

Last Agent to Sell the Property

Richard Freedman

Intero Real Estate Services License #00931857 Listed on: 08/09/2019

Last Buyer's Agent

Alex Lehr

Guide Real Estate License #00867442

Guide Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,497

Year Built

  • 1951

Lot Details

  • 4,330 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,885 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Flooring

  • Wood
  • Tile
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $54,000

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,000
  • Utility Expense $3,600
  • Operating Expense $10,351
  • Gross Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,497

Year Built

1951

Lot Details

0

Parking

2

Listing Details

  • Zoning: R4
  • Subclass: Duplex
  • Age: 68
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Living Sq Ft: 1885
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Floor Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.0994
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4332.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4332.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 18.52
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1000
  • Expenses Total: 10351
  • Expenses Utility: 3600
  • Income Annual Gross: 54000.00
  • Income Annual Rental: 54000
  • Income Gross Scheduled: 54000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Utilities - Water
  • Tenant Expenses: Services - Gardener/Landscaping, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2019
Closed on
Sep 6, 2019
Sold by
Venner Lorraine R and Venner Jason P
Bought by
Opfer Jeffrey Roy and Roy E Opfer Revocable Trust
Seller's Agent
Richard Freedman
Intero Real Estate Services
Buyer's Agent
Alex Lehr
Guide Real Estate
List Price
$999,999
Sold Price
$1,130,000
Premium/Discount to List
$130,001
13%
Current Estimated Value
$1,550,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,835
Avg. Annual Appreciation
5.13%
Original Mortgage
$205,000
Outstanding Balance
$180,347
Interest Rate
3.6%
Mortgage Type
Construction
Estimated Equity
$1,343,652

Purchase Details

Closed on
Dec 4, 2001
Sold by
Rutherford Joseph D and Rutherford Nancy May
Bought by
Venner Jason P and Venner Lorraine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.57%
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
Opfer Jeffrey Roy $1,130,000 North American Title Co Inc
Venner Jason P $400,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Opfer Jeffrey Roy $205,000
Previous Owner Venner Jason P $304,000
Previous Owner Venner Jason P $304,000
Previous Owner Venner Lorraine R $307,463
Previous Owner Venner Lorraine R $315,000
Previous Owner Venner Jason P $80,000
Previous Owner Venner Jason P $280,000
Previous Owner Venner Jason P $115,000
Previous Owner Venner Jason P $280,000
Previous Owner Venner Jason P $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2019 09/27/19 Sold $1,130,000 +13.0% $599 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $999,999 -- $531 / 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 $13,497 $1,235,816 $1,028,025 $207,791
2023 $13,497 $1,187,829 $988,106 $199,723
2022 $12,669 $1,164,539 $968,732 $195,807
2021 $12,546 $1,141,706 $949,738 $191,968
2020 $12,378 $1,130,000 $940,000 $190,000
2019 $5,886 $529,710 $317,828 $211,882
2018 $5,751 $519,325 $311,597 $207,728
2017 $5,688 $509,143 $305,488 $203,655
2016 $5,580 $499,161 $299,499 $199,662
2015 $5,374 $491,664 $295,001 $196,663
2014 $5,270 $482,034 $289,223 $192,811
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Richard Freedman

    Intero Real Estate Services

  • Alex Lehr

    Buyer's Agent in 2019

    Alex Lehr

    Guide Real Estate

    (650) 766-5500

    1 in this area

    231 Total Sales

    Alex Lehr
    Section Image

  • S

    Buyer's Agent in 2019

    Sam Clemons

    Combined Los Angeles Westside, Multiple Listing Services

See All Agents

Map

Source: MLSListings

MLS Number: ML81764061

MLSListings

APN: 053-111-170

California San Mateo County Redwood City 94061 Palm Park

1186 Davis St, Redwood City, CA

This home is located at 1186 Davis St, Redwood City, CA 94061 since 09 August 2019 and is currently estimated at $1,550,835, approximately $822 per square foot. This property was built in 1951. 1186 Davis St is a home located in San Mateo County with nearby schools including Roosevelt Elementary School, John F. Kennedy Middle School, and Woodside High School.

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