NOT LISTED FOR SALE

Estimated Value: $1,336,000 - $1,796,964

4 Beds
2 Baths
1,954 Sq Ft
$773/Sq Ft Est. Value

Last Sold August 30, 2021

Last sale price $1,260,000 $645 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $9,581/month

26 Days on Market

Highlights

  • Carpet
  • Back Yard
  • 4-minute walk to Andrew Spinas Park
  • Sequoia High School Rated A
  • 1-Story Property

About This Home

As of August 2021

Two 2 bedroom units with garages between and a side yard for rear unit. Several features recently upgraded and refurbished. Very close to the Redwood City Stanford Campus Vacant unit available to show. All major kitchen appliances are in both units. Up and coming area.

Last Agent to Sell the Property

Jim O'Connor

Terrace Associates License #00345910 Listed on: 06/27/2021

Last Buyer's Agent

Rumana Jabeen

KW Advisors License #01296366

KW Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,163

Year Built

  • 1952

Lot Details

  • 5,998 Sq Ft Lot
  • Sprinklers on Timer
  • Back Yard

Parking

  • 2 Car Garage
  • Lighted Parking
  • Assigned Parking

Home Design

  • Duplex
  • Raised Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,954 Sq Ft Home
  • 1-Story Property
  • Gas Oven

Flooring

  • Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $55,000

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,100
  • Insurance Expense $1,015
  • Maintenance Expense $1,000
  • Manager Expense $2,640
  • Other Expense $883
  • Operating Expense $12,574
  • Gross Income $54,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,163

Year Built

1952

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Style: Ranch
  • Age: 69
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Oven Range - Gas
  • Living Sq Ft: 1954
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Raised
  • Roof: Composition
  • Yard/Grounds: Back Yard, Sprinklers - Auto, Sprinklers - Lawn
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Attached Garage, Lighted Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.35
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1015
  • Expense Landscape: 1100
  • Expense Maintenance: 1000
  • Expense Management: 2640
  • Expenses Other: 883
  • Expenses Total: 12574
  • Income Annual Gross: 54450.00
  • Income Annual Rental: 55000
  • Income Gross Scheduled: 55000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Loan - Other, Maintenance, Review With Offer, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2021
Closed on
Aug 23, 2021
Sold by
Dolezal Kevin J and Mary M Dolezal Trust
Bought by
George Santosh and Abraham Elizabeth Dawn
Seller's Agent
Jim O'Connor
Terrace Associates
Buyer's Agent
Rumana Jabeen
KW Advisors
List Price
$1,349,111
Sold Price
$1,260,000
Premium/Discount to List
-$89,111
-6.61%
Current Estimated Value
$1,511,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,241
Avg. Annual Appreciation
4.66%
Original Mortgage
$844,200
Outstanding Balance
$769,832
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$741,409

Purchase Details

Closed on
Jun 16, 2021
Sold by
Dolezal Mary M
Bought by
Dolezal Kevin J

Purchase Details

Closed on
Jul 13, 2006
Sold by
Dolezal Mary M
Bought by
Dolezal Mary M
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
George Santosh $1,206,000 Chicago Title Company
Dolezal Kevin J -- --
Dolezal Mary M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open George Santosh $844,200
Previous Owner Dolezal Mary M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $1,260,000 +2.5% $645 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/23/2021 07/23/21 Price Changed $1,229,111 -8.9% $629 / Sq Ft
06/27/2021 06/27/21 For Sale $1,349,111 -- $690 / 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 $16,163 $1,279,816 $848,966 $430,850
2023 $16,163 $1,230,120 $816,000 $414,120
2022 $15,061 $1,206,000 $800,000 $406,000
2021 $6,051 $371,322 $141,449 $229,873
2020 $5,936 $367,515 $139,999 $227,516
2019 $5,862 $360,309 $137,254 $223,055
2018 $5,607 $353,245 $134,563 $218,682
2017 $5,224 $346,320 $131,925 $214,395
2016 $5,040 $339,531 $129,339 $210,192
2015 $4,838 $334,432 $127,397 $207,035
2014 $4,708 $327,882 $124,902 $202,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81851088

MLSListings

APN: 055-022-280