NOT LISTED FOR SALE

1236 Howard Ave San Carlos, CA 94070

El Sereno Corte Neighborhood

Estimated Value: $1,863,000 - $2,111,000

3 Beds
2 Baths
1,430 Sq Ft
$1,381/Sq Ft Est. Value

Last Sold March 18, 2013

Last sale price $855,000 $598 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $11,983/month

5 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 1-Story Property
  • Brittan Acres Elementary School Rated A

About This Home

As of March 2013

Options, Options, Options... This 2 bedroom 1 bath with 1 bedroom and 1 bath detached cottage offers a variety of options for a potential buyer. Perfect as an in-law or extended family unit, rental income to off-set mortgage, or purchase an income property.

Last Agent to Sell the Property

Mike Cunningham

Michael Cunningham, Broker License #01334001 Listed on: 02/11/2013

Last Buyer's Agent

Ling But

Giant Realty Inc. License #01321692

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,955

Year Built

  • 1945

Lot Details

  • Level Lot

Home Design

  • Duplex
  • Slab Foundation
  • Ceiling Insulation
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Oven or Range

Flooring

  • Wood
  • Tile

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $3,675
  • The owner pays for services - gardener/landscaping, water

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Insurance Expense $120
  • Maintenance Expense $100
  • Operating Expense $7,568
  • Gross Income $3,675

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,955

Year Built

1945

Lot Details

0

Listing Details

  • Zoning: R400
  • Subclass: Duplex
  • Age: 68
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1945

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Stories: 1
  • Laundry: Washer/Dryer - All Units, Washer/Dryer - Owned
  • Flooring: Tile, Hardwood

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Perimeter And Slab, Concrete Slab
  • Roof: Tar And Gravel, Composition

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - <1

Utilities

  • Heating System: Wall Furnace, Electric
  • 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: 5200.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5200.00
  • Lot Size Area Min Search: 5200.00
  • Maximum Lot Size: 5200.00

Green Features

  • Energy Features: Ceiling Insulation

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 210.88

Multi Family

  • Expense Insurance: 120
  • Expense Maintenance: 100
  • Expenses Total: 7568
  • Expense Water Sewer: 75
  • Income Annual Gross: 3675.00
  • Income Annual Rental: 3675
  • Income Gross Scheduled: 3675
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Gardener, Utilities - Water, Insurance, Maintenance - Repair
  • Owner Pays: Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2013
Closed on
Mar 14, 2013
Sold by
Cunningham Michael F and Cunningham Lana D
Bought by
Katagiri Hiroe
Seller's Agent
Mike Cunningham
Michael Cunningham, Broker
Buyer's Agent
Ling But
Giant Realty Inc.
List Price
$775,000
Sold Price
$855,000
Premium/Discount to List
$80,000
10.32%
Current Estimated Value
$1,974,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,119,425
Avg. Annual Appreciation
6.94%
Original Mortgage
$405,000
Outstanding Balance
$287,630
Interest Rate
3.53%
Mortgage Type
Commercial
Estimated Equity
$1,686,795

Purchase Details

Closed on
Sep 9, 2003
Sold by
Cunningham Lana
Bought by
Cunningham Michael F and Cunningham Lana D

Purchase Details

Closed on
Dec 11, 2001
Sold by
Cunningham Michael F
Bought by
Cunningham Lana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 1999
Sold by
Marcelle Joseph
Bought by
Joseph Marcelle
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Katagiri Hiroe $855,000 Chicago Title Company
Cunningham Michael F -- --
Cunningham Lana -- Fidelity National Title Co
Cunningham Lana $515,000 Fidelity National Title Co
Joseph Marcelle -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katagiri Hiroe $405,000
Previous Owner Cunningham Michael F $390,000
Previous Owner Cunningham Lana $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2013 03/18/13 Sold $855,000 +10.3% $598 / Sq Ft
02/16/2013 02/16/13 Pending -- -- --
02/11/2013 02/11/13 For Sale $775,000 -- $542 / 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 $14,955 $1,098,116 $886,621 $211,495
2023 $14,955 $1,055,478 $852,194 $203,284
2022 $14,107 $1,034,784 $835,485 $199,299
2021 $13,876 $1,014,495 $819,103 $195,392
2020 $13,689 $1,004,095 $810,705 $193,390
2019 $13,417 $984,408 $794,809 $189,599
2018 $13,051 $965,107 $779,225 $185,882
2017 $12,849 $946,185 $763,947 $182,238
2016 $12,123 $889,398 $748,968 $140,430
2015 $12,083 $876,039 $737,718 $138,321
2014 $11,674 $858,880 $723,268 $135,612
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Mike Cunningham

    Michael Cunningham, Broker

    (650) 444-8995

    7 Total Sales

    Mike Cunningham
    Section Image
  • Ling But

    Buyer's Agent in 2013

    Ling But

    Giant Realty Inc.

    (408) 420-2213

    12 Total Sales

    Ling But
    Section Image
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Map

Source: MLSListings

MLS Number: ML81304128

MLSListings

APN: 051-335-150

California San Mateo County San Carlos 94070 El Sereno Corte

1236 Howard Ave, San Carlos, CA

This home is located at 1236 Howard Ave, San Carlos, CA 94070 since 11 February 2013 and is currently estimated at $1,974,425, approximately $1,380 per square foot. This property was built in 1945. 1236 Howard Ave is a home located in San Mateo County with nearby schools including Brittan Acres Elementary School, Central Middle School, and Sequoia High School.

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