NOT LISTED FOR SALE

1247 Howard Ave San Carlos, CA 94070

El Sereno Corte Neighborhood

Estimated Value: $2,091,000 - $3,032,000

4 Beds
3 Baths
2,457 Sq Ft
$1,004/Sq Ft Est. Value

Last Sold April 18, 2013

Last sale price $1,200,000 $488 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $15,127/month

17 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 1-Story Property
  • White Oaks Elementary School Rated A

About This Home

As of April 2013

Wonderful investment opportunity. Two 1/1 units & one 2/1 unit with frplc Some units updated. New roof, newly landscaped with pavers, new perimeter fence. Dual pane windows (past five years) One of the units has new wall furnace. New water heaters. Hdwd under carpet. Coin op ldry rm. 2/1 unit has own backyard. Great westside loc. easy access to transportation and walk downtown

Last Agent to Sell the Property

Lisa Susnow

Intero Real Estate Services License #01100629 Listed on: 02/22/2013

Last Buyer's Agent

Jessica Chung Yau

Corcoran Icon Properties License #01406732

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,485

Year Built

  • 1957

Lot Details

  • Level Lot

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,457 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $60,000
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 2,457 Sq Ft Building

Building Details

  • Gardener Expense $1,560
  • Insurance Expense $1,074
  • Utility Expense $405
  • Operating Expense $15,422
  • Gross Income $59,746

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,485

Year Built

1957

Lot Details

0

Listing Details

  • Zoning: R300
  • Subclass: Triplex
  • Age: 56
  • Inspections Reports: Fault Zone, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 488.40
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 2457
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 2457
  • Stories: 1
  • Laundry: Washer/Dryer - Leased Coin-Op, Washer/Dryer - Owned Coin-Op
  • Flooring: Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Common Parking Area, Off-Street Parking, Carport, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Private, Bbq Area

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4720.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 4720.00
  • Lot Size Area Min Search: 4720.00
  • Maximum Lot Size: 4720.00

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 20.71

Multi Family

  • Expense Insurance: 1074
  • Expense Landscape: 1560
  • Expenses Total: 15422
  • Expenses Utility: 405
  • Expense Water Sewer: 1138
  • Income Annual Gross: 59746.00
  • Income Annual Rental: 60000
  • Income Gross Scheduled: 60349
  • Income Includes: Laundry
  • Income Laundry: 349
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Services - Trash Removal, Utilities - Gas, Insurance, Fee - Property Tax, Utilities - Electric
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Services - Trash Removal
  • Vacancy Amount: 603
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2013
Closed on
Apr 10, 2013
Sold by
Galatolo Mark A and Galatolo Norma J
Bought by
Fong Michael Lee and Fong Frances R
Seller's Agent
Lisa Susnow
Intero Real Estate Services
Buyer's Agent
Jessica Chung Yau
Corcoran Icon Properties
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Current Estimated Value
$2,467,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,267,644
Avg. Annual Appreciation
6.00%
Original Mortgage
$900,000
Outstanding Balance
$640,778
Interest Rate
3.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,826,866

Purchase Details

Closed on
Jun 3, 2004
Sold by
Moran James Michael and Moran Norma J
Bought by
Galatolo Mark A and Galatolo Norma J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,850
Interest Rate
5.99%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 17, 1996
Sold by
Derynck Rik M and Cools Liliane P
Bought by
Moran James Michael and Moran Norma J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
7.5%
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
Fong Michael Lee $1,200,000 Fidelity National Title Co
Galatolo Mark A $837,500 Old Republic Title Company
Moran James Michael $355,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fong Michael Lee $900,000
Previous Owner Galatolo Mark A $584,850
Previous Owner Moran James Michael $20,000
Previous Owner Moran James Michael $100,000
Previous Owner Moran James Michael $284,000
Closed Moran James Michael $35,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2013 04/18/13 Sold $1,200,000 -4.0% $488 / Sq Ft
03/11/2013 03/11/13 Pending -- -- --
02/22/2013 02/22/13 For Sale $1,250,000 -- $509 / 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 $20,485 $1,477,703 $554,138 $923,565
2023 $20,485 $1,420,323 $532,621 $887,702
2022 $19,331 $1,392,475 $522,178 $870,297
2021 $19,004 $1,365,173 $511,940 $853,233
2020 $18,738 $1,351,176 $506,691 $844,485
2019 $18,389 $1,324,683 $496,756 $827,927
2018 $17,913 $1,298,710 $487,016 $811,694
2017 $17,627 $1,273,246 $477,467 $795,779
2016 $17,223 $1,248,281 $468,105 $780,176
2015 $17,169 $1,229,532 $461,074 $768,458
2014 $16,602 $1,205,448 $452,043 $753,405
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Lisa Susnow

    Intero Real Estate Services

    Section Image

  • J

    Buyer's Agent in 2013

    Jessica Chung Yau

    Corcoran Icon Properties

    Section Image
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Map

Source: MLSListings

MLS Number: ML81305343

MLSListings

APN: 051-333-110

California San Mateo County San Carlos 94070 El Sereno Corte

1247 Howard Ave, San Carlos, CA

This home is located at 1247 Howard Ave, San Carlos, CA 94070 since 22 February 2013 and is currently estimated at $2,467,644, approximately $1,004 per square foot. This property was built in 1957. 1247 Howard Ave is a home located in San Mateo County with nearby schools including White Oaks Elementary School, Central Middle School, and Sequoia High School.

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