NOT LISTED FOR SALE

Estimated Value: $1,482,078 - $1,790,000

6 Beds
3 Baths
2,695 Sq Ft
$603/Sq Ft Est. Value

Last Sold August 16, 2013

Last sale price $725,000 $269 Per Sq Ft

5 Days on Market

Highlights

  • Floor Furnace
  • Laundry Facilities
  • Carpet
  • Sequoia High School Rated A
  • Level Lot

About This Home

As of August 2013

Property: 3 BR 1 BA house in front built 1912. Duplex in back: lower 1 BR 1 BA unit with patio and upper 2 BR 1 BA unit built in 1959.3 Car carport structure in between. Large 7,000 lot.Triplex centrally located in Redwood City near Sequoia Station and downtown.Triplex is older and in need of repairs and updating(fixer upper).Good opportunity for investor or Contractor

Last Agent to Sell the Property

Norman Goldau

Switzer Goldau & Associates License #00827976 Listed on: 07/20/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,752

Year Built

  • 1912

Lot Details

  • 7,013

Parking

  • Carport

Home Design

  • Triplex
  • Ceiling Insulation
  • Shingle Roof
  • Wood Shingle Roof
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,695 Sq Ft Home
  • 2-Story Property
  • Oven or Range
  • Gas Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Utilities

  • Floor Furnace
  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $47,640
  • The owner pays for garbage, water

Community Details

Overview

  • 3 Units
  • 2,695 Sq Ft Building

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $900
  • Maintenance Expense $1,500
  • Trash Expense $1,800
  • Operating Expense $17,288
  • Gross Income $48,248

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,752

Year Built

1912

Lot Details

0

Listing Details

  • Zoning: R-3
  • Subclass: Triplex
  • Age: 101
  • Inspections Reports: Fault Zone, Geological/Flood, Flood Zone
  • Sale Price Per Sq Ft: 269.02
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 2695
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1912

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 2695
  • Stories: 2
  • Laundry: 220 Volt Outlet, Washer/Dryer - Owned Coin-Op, Community Facility, Gas Hookup
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle, Tar And Gravel, Wood Shakes / Shingles
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Carport, Spaces Per Unit - 1

Utilities

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

Condo/Co-op/Association

  • HOA Amenities: Patio - Private, Bbq Area

Association/Amenities

  • Amenities Miscellaneous: Storage Locker

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7000.00
  • Lot Size Area Min Search: 7000.00
  • Maximum Lot Size: 7000.00

Green Features

  • Energy Features: Ceiling Insulation, Walls Insulated

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.06

Multi Family

  • Expense Insurance: 900
  • Expense Maintenance: 1500
  • Expenses Total: 17288
  • Expense Trash: 1800
  • Expense Water Sewer: 4100
  • Income Annual Gross: 48248.00
  • Income Annual Rental: 47640
  • Income Gross Scheduled: 49740
  • Income Includes: Laundry, Lease
  • Income Laundry: 2100
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Insurance, Maintenance - Laundry, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor, Utilities - Electric
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric
  • Vacancy Amount: 1492
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2013
Closed on
Aug 7, 2013
Sold by
Goldau Ernest and Goldau Trudy J
Bought by
Chu Kenneth L and Leung Lisa J
Seller's Agent
Norman Goldau
Switzer Goldau & Associates
List Price
$799,000
Sold Price
$725,000
Premium/Discount to List
-$74,000
-9.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,500
Interest Rate
4.28%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 2, 1996
Sold by
Ernest Goldau
Bought by
Goldau Ernest and Goldau Trudy J
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
Chu Kenneth L $725,000 Cornerstone Title Company
Goldau Ernest -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Kenneth L $550,000
Closed Chu Kenneth L $611,000
Closed Chu Kenneth L $507,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2013 08/16/13 Sold $725,000 -9.3% $269 / Sq Ft
07/25/2013 07/25/13 Pending -- -- --
07/20/2013 07/20/13 For Sale $799,000 -- $296 / 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 $9,752 $888,739 $735,512 $153,227
2023 $9,752 $854,230 $706,952 $147,278
2022 $9,156 $837,482 $693,091 $144,391
2021 $9,068 $821,061 $679,501 $141,560
2020 $8,947 $812,643 $672,534 $140,109
2019 $8,914 $796,710 $659,348 $137,362
2018 $8,692 $781,089 $646,420 $134,669
2017 $8,599 $765,775 $633,746 $132,029
2016 $8,452 $750,761 $621,320 $129,441
2015 $8,138 $739,485 $611,988 $127,497
2014 $7,983 $725,000 $600,000 $125,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81326394

MLSListings

APN: 053-045-130