NOT LISTED FOR SALE

Estimated Value: $1,194,000 - $2,350,135

4 Beds
4 Baths
2,948 Sq Ft
$586/Sq Ft Est. Value

Last Sold July 12, 2016

Last sale price $1,525,000 $517 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $11,563/month

80 Days on Market

Highlights

  • Contemporary Architecture
  • Floor Furnace
  • Carpet
  • Borel Middle School Rated A-

About This Home

As of July 2016

BACK ON THE MARKET. TITLE HAS BEEN CLEARED. Conveniently located near downtown San Mateo, Shopping, Highway 101 & Cal-Train. All units have one bedroom, one bathroom, living/dining room combo, kitchen & bathroom with original details, one car parking space in shared two car garages with extra storage rooms. Hook-ups in building storage area for possible coin-op washer/dryer. Owner pays water & garbage, tenant pays PG & E & cable. Approx 697 sq ft living area, built in 1947. Great upside potential. Open House Sunday, 6/12, 2:00 - 4:00, unit #4 only. Thank you for your patience!

Last Agent to Sell the Property

Jo-Ann De Rewenda

Coldwell Banker Realty License #01015410 Listed on: 03/27/2016

Coldwell Banker Realty

Last Buyer's Agent

Jocelyn Jamias

Kidder Mathews License #01098891

Kidder Mathews

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,789

Year Built

  • 1947

Lot Details

  • 5,881 Sq Ft Lot

Parking

  • 1 Car Garage
  • Off-Site Parking

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,948 Sq Ft Home
  • 2-Story Property
  • Gas Oven

Flooring

  • Carpet
  • Vinyl

Utilities

  • Floor Furnace
  • Wall Furnace
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $62,257
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $540
  • Insurance Expense $1,394
  • Maintenance Expense $4,399
  • Other Expense $1,649
  • Utility Expense $1,933
  • Trash Expense $937
  • Operating Expense $13,820
  • Gross Income $62,257

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,789

Year Built

1947

Lot Details

0

Parking

1

Listing Details

  • Zoning: R4
  • Subclass: Fourplex
  • Style: Contemporary
  • Age: 69
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2948
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Kitchen: Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2948
  • Stories: 2
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Attached Garage, Enclosed, Off-Site Parking

Utilities

  • Heating System: Floor Furnace, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: La Honda-Pescadero Unified

Lot Info

  • Lot Acres: 0.1350
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5898.02
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5898.02

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 22.09
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Gas Meters, Public Utilities
  • Expense Insurance: 1394
  • Expense Landscape: 540
  • Expense Maintenance: 4399
  • Expenses Other: 1649
  • Expenses Total: 13820
  • Expenses Utility: 1933
  • Expense Trash: 937
  • Income Annual Gross: 62257.00
  • Income Annual Rental: 62257
  • Income Gross Scheduled: 62257
  • Income Includes: Rents
  • Meters: Separate Common Area
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Miscellaneous/Other, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2016
Closed on
Jul 6, 2016
Sold by
Bryant Grant Susan Theresa
Bought by
The Robert H Lagomarsino Supplemental In and Desler Jennifer Callan
Seller's Agent
Jo-Ann De Rewenda
Coldwell Banker Realty
Buyer's Agent
Jocelyn Jamias
Kidder Mathews
List Price
$1,375,000
Sold Price
$1,525,000
Premium/Discount to List
$150,000
10.91%
Current Estimated Value
$1,727,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,784
Avg. Annual Appreciation
3.53%

Purchase Details

Closed on
Dec 23, 2011
Sold by
Bryant Anne and Bryant Anna
Bought by
Bryant Grant Susan Theresa
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
The Robert H Lagomarsino Supplemental In $1,525,000 Cornerstone Title Company
Bryant Grant Susan Theresa -- Cornerstone Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2016 07/12/16 Sold $1,525,000 +10.9% $517 / Sq Ft
06/16/2016 06/16/16 Pending -- -- --
06/10/2016 06/10/16 For Sale $1,375,000 -9.8% $466 / Sq Ft
04/24/2016 04/24/16 Off Market $1,525,000 -- --
03/27/2016 03/27/16 For Sale $1,375,000 -- $466 / 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 $25,789 $1,769,888 $1,166,387 $603,501
2023 $25,789 $1,701,163 $1,121,096 $580,067
2022 $24,274 $1,667,808 $1,099,114 $568,694
2021 $24,461 $1,635,107 $1,077,563 $557,544
2020 $22,384 $1,618,342 $1,066,514 $551,828
2019 $22,245 $1,586,610 $1,045,602 $541,008
2018 $20,458 $1,555,500 $1,025,100 $530,400
2017 $19,611 $1,525,000 $1,005,000 $520,000
2016 $3,451 $119,322 $36,673 $82,649
2015 $2,968 $117,531 $36,123 $81,408
2014 $3,724 $115,230 $35,416 $79,814
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81577117

MLSListings

APN: 034-287-020