J
Seller's Agent in 2021
Joe Velasco
Compass
1190 Adams St Redwood City, CA 94061
Palm Park NeighborhoodEstimated Value: $1,818,000 - $2,166,000
4
Beds
3
Baths
3,273
Sq Ft
$613/Sq Ft
Est. Value
Highlights
- Post and Beam
- Wood Flooring
- Washer and Dryer
- Woodside High School Rated A
- Granite Countertops
- Grass Covered Lot
About This Home
As of April 2021Set in the heart of Redwood city, this charming, 3 unit home lies in a well-maintained triplex with newly landscape side yard. Unit A is a sunlit, 2 bedroom, 1 bathroom home lined in hardwoods & freshly painted, it has a sprawling, open concept living/dining area. Appointed with granite countertops & stainless-steel appliances, a generous kitchen lies just off of the main living area. Punctuated by a marble vanity, a full bathroom offers a stall shower & sleek tile flooring. Equipped with an attached garage with washer/dryer & ample storage space, this timeless triplex is outfitted with fully fenced backyards. Tenants pay all utilities. Unit B & C are both a 1 bedroom, 1 Bath home, each having their own private garage. Situated near Whole Foods & Target, its minutes to city-bound freeways for ultimate commuter convenience. Unit A rents $3400, Unit B rents $2700, & Unit C rents $2650. Please drive by, & DO NOT disturb tenants. Floor plans will be available by Monday February 22nd.
Last Agent to Sell the Property
Joe Velasco
Compass License #01309200 Listed on: 02/16/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,321
Year Built
- 1945
Lot Details
- 5,049 Sq Ft Lot
- Grass Covered Lot
- Back Yard
Parking
- 3 Car Garage
- 3 Carport Spaces
Home Design
- Triplex
- Post and Beam
- Composition Roof
Interior Spaces
- 3,273 Sq Ft Home
- 2-Story Property
- Washer and Dryer
Kitchen
- Granite Countertops
- Tile Countertops
Flooring
- Wood
- Tile
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- 220 Volts
Listing and Financial Details
- Total Actual Rent $105,000
Community Details
Overview
Building Details
- 3 Leased Units
- Gardener Expense $600
- Insurance Expense $2,000
- Operating Expense $2,600
- Gross Income $105,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 16, 2021
Closed on
Apr 1, 2021
Sold by
Fei Jinrong Llc
Bought by
Wu George
Seller's Agent
Joe Velasco
Compass
Buyer's Agent
Chauchen Wu
BayHome Financial Corporation
List Price
$1,999,888
Sold Price
$1,808,750
Premium/Discount to List
-$191,138
-9.56%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,025
Purchase Details
Closed on
Sep 19, 2016
Sold by
Kruger Rolf and Kruger Rolf D
Bought by
Fei Jinrong Llc
Purchase Details
Closed on
Oct 7, 2010
Sold by
Kruger Johann and Kruger Ingrid
Bought by
Kruger Rolf
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.26%
Mortgage Type
Commercial
Purchase Details
Closed on
May 22, 2003
Sold by
Crowell Beverly Wheeler and Beverly Wheeler Crowell Family
Bought by
Kruger Johann and Kruger Ingrid
Purchase Details
Closed on
Jul 20, 1998
Sold by
Crowell Beverly Wheeler and Wheeler Beverly B
Bought by
Crowell Beverly Wheeler and The Beverly Wheeler Crowell Fa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
7.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 7, 1998
Sold by
Carmody Michalina and Carmody Sergius M
Bought by
Wheeler Beverly B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
7.25%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wu George | $1,809,000 | Chicago Title Company | |
| Fei Jinrong Llc | -- | None Available | |
| Kruger Rolf | -- | First American Title Company | |
| Kruger Johann | $599,000 | North American Title Company | |
| Crowell Beverly Wheeler | -- | First American Title Co | |
| Wheeler Beverly B | $365,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wu George | $301,000 | |
| Previous Owner | Kruger Rolf | $186,400 | |
| Previous Owner | Kruger Rolf | $250,000 | |
| Previous Owner | Kruger Rolf D | $200,000 | |
| Previous Owner | Crowell Beverly Wheeler | $273,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/08/2021 04/08/21 | Sold | $1,808,750 | -9.6% | $553 / Sq Ft |
| 03/15/2021 03/15/21 | Pending | -- | -- | -- |
| 02/16/2021 02/16/21 | For Sale | $1,999,888 | -- | $611 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $21,321 | $1,958,116 | $1,331,390 | $626,726 |
| 2023 | $21,321 | $1,882,083 | $1,279,692 | $602,391 |
| 2022 | $20,009 | $1,845,180 | $1,254,600 | $590,580 |
| 2021 | $8,869 | $802,809 | $508,448 | $294,361 |
| 2020 | $8,751 | $794,578 | $503,235 | $291,343 |
| 2019 | $8,719 | $778,999 | $493,368 | $285,631 |
| 2018 | $8,502 | $763,726 | $483,695 | $280,031 |
| 2017 | $8,411 | $748,752 | $474,211 | $274,541 |
| 2016 | $8,189 | $734,071 | $464,913 | $269,158 |
| 2015 | $7,884 | $723,045 | $457,930 | $265,115 |
| 2014 | $7,732 | $708,882 | $448,960 | $259,922 |
Source: Public Records
Agents Affiliated with this Home
-
-
Chauchen Wu
C
Buyer's Agent in 2021
Chauchen Wu
BayHome Financial Corporation
(408) 996-8828
1 in this area
1 Total Sale
Map
Source: MLSListings
MLS Number: ML81830009
APN: 053-121-150
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