NOT LISTED FOR SALE

Estimated Value: $2,644,000 - $3,010,000

9 Beds
4 Baths
4,252 Sq Ft
$662/Sq Ft Est. Value

Last Sold June 21, 2019

Last sale price $2,323,000 $546 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $16,787/month

119 Days on Market

Highlights

  • Golf Course View
  • Traditional Architecture
  • Tile Flooring
  • Bayside Academy Rated A-
  • 3 Car Garage
  • Coin Laundry

About This Home

As of June 2019

Four units in bright sunny location overlooking Poplar Creek Golf course. Three 2/1 units and one 3/1 unit all with good sq. footage. Easy access to San Mateo/Burlingame and 101. 1 ground floor 2/1 unit has fenced yard. All leases are month to month. 3 separate, enclosed garages and 1 partially enclosed carport. Off street and on street parking. Coin operated laundry on property. Offers subject to inspection,.Drive by only. Do not disturb tenants! Building exterior freshly painted!

Last Agent to Sell the Property

Leigh Whitten

Compass License #00935947 Listed on: 01/04/2019

Last Buyer's Agent

Max Lo

Green Banker Realty License #01192824

Property Details

Home Type

  • Multi-Family

Year Built

  • 1952

Lot Details

  • 5,798 Sq Ft Lot
  • Level Lot
  • Sprinklers on Timer

Parking

  • 3 Car Garage
  • 1 Carport Space
  • Off-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Wood Frame Construction
  • Tar and Gravel Roof

Interior Spaces

  • 4,252 Sq Ft Home
  • 2-Story Property
  • Golf Course Views
  • Crawl Space
  • Electric Oven
  • Washer and Dryer

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $136,800

Community Details

Building Details

  • 4 Leased Units
  • Gardener Expense $348
  • Insurance Expense $4,400
  • Utility Expense $2,928
  • Trash Expense $1,900
  • Operating Expense $22,376
  • Gross Income $139,590

Additional Features

  • 4,252 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1952

Lot Details

5,798 Sq Ft Lot

Parking

3

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4252
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Oven Range - Electric
  • Living Sq Ft: 4252
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space
  • Roof: Tar And Gravel
  • View: Golf Course
  • Yard/Grounds: Sprinklers - Auto, Sprinklers - Lawn
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Carport, Detached Garage, Off-Street Parking
  • Carport Min: 1

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1331
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5800.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 16.66
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 4400
  • Expense Landscape: 348
  • Expenses Total: 22376
  • Expenses Utility: 2928
  • Expense Trash: 1900
  • Income Annual Gross: 139590.00
  • Income Annual Rental: 136800
  • Income Gross Scheduled: 141000
  • Income Includes: Coin Operated Equip, Laundry, Rents
  • Income Other: 4200
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Principle & Interest, Maintenance - Laundry, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
Jun 11, 2019
Sold by
Johnson Gene J
Bought by
Liu Kevin and Liu Goldie S
Seller's Agent
Leigh Whitten
Compass
Buyer's Agent
Max Lo
Green Banker Realty
List Price
$2,549,000
Sold Price
$2,323,000
Premium/Discount to List
-$226,000
-8.87%
Current Estimated Value
$2,684,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,236
Avg. Annual Appreciation
2.90%
Original Mortgage
$1,397,400
Outstanding Balance
$1,228,656
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$1,587,570

Purchase Details

Closed on
Jun 20, 2017
Sold by
Johnson Gene J and Jhonson Gene J
Bought by
Johnson Gene J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 29, 2005
Sold by
Johnson Marie M
Bought by
Johnson Gene J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 31, 1997
Sold by
Johnson Harry E
Bought by
Johnson Harry E

Purchase Details

Closed on
Mar 14, 1997
Sold by
Johnson Tammy A
Bought by
Johnson Gene J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
7.74%

Purchase Details

Closed on
Mar 13, 1997
Sold by
Kleebauer Thelma and Kleebauer A J
Bought by
Johnson Gene J and Johnson Harry E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
7.74%

Purchase Details

Closed on
Jun 10, 1996
Sold by
Home Svgs Of America
Bought by
Kleebauer J A J and Kleebauer Thelma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
8.01%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 28, 1996
Sold by
Carpenter David
Bought by
Home Svgs Of America

Purchase Details

Closed on
Jan 26, 1995
Sold by
Vassallo Frank J and Vassallo Norma M
Bought by
Carpenter David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
9.28%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Liu Kevin $2,323,000 North American Title
Johnson Gene J -- First American Title Company
Johnson Gene J -- North American Title Co
Johnson Gene J -- North American Title Co
Johnson Harry E -- --
Johnson Gene J -- Fidelity National Title Co
Johnson Gene J $482,500 Fidelity National Title Co
Kleebauer J A J $325,000 Old Republic Title Company
Home Svgs Of America $315,000 Fidelity National Title Ins
Carpenter David $390,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Kevin $1,397,400
Previous Owner Johnson Gene J $1,150,000
Previous Owner Johnson Gene J $150,000
Previous Owner Johnson Gene J $386,000
Previous Owner Kleebauer J A J $260,000
Previous Owner Carpenter David $312,000
Closed Carpenter David $39,000
Closed Johnson Gene J $48,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2019 06/21/19 Sold $2,323,000 -1.1% $546 / Sq Ft
05/04/2019 05/04/19 Pending -- -- --
04/29/2019 04/29/19 Price Changed $2,349,000 -2.1% $552 / Sq Ft
03/14/2019 03/14/19 Price Changed $2,399,000 -2.0% $564 / Sq Ft
02/14/2019 02/14/19 Price Changed $2,449,000 -3.9% $576 / Sq Ft
01/04/2019 01/04/19 For Sale $2,549,000 -- $599 / Sq Ft
Source: MLSListings

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 $35,670 $2,591,345 $1,227,068 $1,364,277
2023 $35,670 $2,490,721 $1,179,420 $1,311,301
2022 $34,095 $2,441,885 $1,156,295 $1,285,590
2021 $33,322 $2,394,006 $1,133,623 $1,260,383
2020 $31,302 $2,369,460 $1,122,000 $1,247,460
2019 $12,205 $704,450 $211,697 $492,753
2018 $11,742 $690,639 $207,547 $483,092
2017 $12,797 $677,098 $203,478 $473,620
2016 $11,231 $663,823 $199,489 $464,334
2015 $11,022 $653,853 $196,493 $457,360
2014 $10,544 $641,045 $192,644 $448,401
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81734271

MLSListings

APN: 033-081-010

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