NOT LISTED FOR SALE

1363 Palos Verdes Dr San Mateo, CA 94403

San Mateo Knolls Neighborhood

Estimated Value: $2,449,000 - $3,231,852

4 Beds
4 Baths
3,810 Sq Ft
$705/Sq Ft Est. Value

Last Sold December 02, 2016

Last sale price $2,030,000 $533 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $17,645/month

62 Days on Market

Highlights

  • Forced Air Heating System
  • Washer and Dryer
  • 1-Story Property
  • Highlands Elementary School Rated A-
  • Carpet

About This Home

As of December 2016

Open House Saturday 9/24 from 1:30PM to 4:30PM .Duplex in desirable Laurelwood Neighborhood with million dollar view. Each unit has a living room with fire place and gorgeous view. Inviting, charming and income producing makes this property perfect for family, extended family and investors. This duplex is mid-way between San Francisco and San Jose close to a wide range of world class education, medical and social amenities.

Last Agent to Sell the Property

Mijgon Ferozy

eXp Realty of California License #01342283 Listed on: 08/26/2016

eXp Realty of California

Last Buyer's Agent

Satwinder Mangat

Arches Realty License #01202735

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,771

Year Built

  • 1964

Lot Details

  • 8,451 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 3,810 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Community Details

Overview

Building Details

  • Insurance Expense $2,300
  • Maintenance Expense $80
  • Operating Expense $23,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,771

Year Built

1964

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 52
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3810
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 3810
  • Stories: 1
  • Laundry: Hookups Only, Washer/Dryer - Some Units
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1940
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8437.57
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8437.57

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2300
  • Expense Maintenance: 80
  • Expenses Total: 23120
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2016
Closed on
Nov 21, 2016
Sold by
S M Tran Llc
Bought by
Mahal Mehar S and Mahal Inderjit K
Seller's Agent
Mijgon Ferozy
eXp Realty of California
Buyer's Agent
Satwinder Mangat
Arches Realty
List Price
$2,250,000
Sold Price
$2,030,000
Premium/Discount to List
-$220,000
-9.78%
Current Estimated Value
$2,784,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$754,722
Avg. Annual Appreciation
3.38%
Original Mortgage
$1,326,500
Outstanding Balance
$1,076,759
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$1,632,128

Purchase Details

Closed on
Jun 2, 2014
Sold by
Scully Michael J and Scully Nancy A
Bought by
Sm Tran Llc

Purchase Details

Closed on
May 20, 2002
Sold by
Allara Raymond J and Allara Janet C
Bought by
Scully Michael J and Scully Nancy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
7%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 20, 2000
Sold by
Allara Raymond J & Janet C Trs
Bought by
Allara Raymond J and Allara Janet C
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
Mahal Mehar S $2,030,000 Old Republic Title Company
Sm Tran Llc $1,730,000 Old Republic Title Company
Scully Michael J $880,000 First American Title Co
Allara Raymond J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahal Mehar S $1,326,500
Previous Owner Scully Michael J $399,500
Previous Owner Scully Michael J $404,000
Previous Owner Scully Michael J $477,000
Previous Owner Scully Michael J $475,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2016 12/02/16 Sold $2,030,000 -9.8% $533 / Sq Ft
10/28/2016 10/28/16 Pending -- -- --
08/26/2016 08/26/16 For Sale $2,250,000 -- $591 / 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 $28,771 $2,355,985 $1,195,401 $1,160,584
2023 $28,771 $2,264,501 $1,148,983 $1,115,518
2022 $29,025 $2,220,100 $1,126,454 $1,093,646
2021 $27,908 $2,176,569 $1,104,367 $1,072,202
2020 $26,478 $2,154,252 $1,093,044 $1,061,208
2019 $25,711 $2,112,012 $1,071,612 $1,040,400
2018 $24,743 $2,070,600 $1,050,600 $1,020,000
2017 $23,423 $2,030,000 $1,030,000 $1,000,000
2016 $21,452 $1,791,472 $895,736 $895,736
2015 $20,740 $1,764,564 $882,282 $882,282
2014 $12,939 $1,060,492 $711,014 $349,478
Source: Public Records

Agents Affiliated with this Home

  • Mijgon Ferozy

    Seller's Agent in 2016

    Mijgon Ferozy

    eXp Realty of California

    (650) 285-9474

    4 Total Sales

    Section Image

  • S

    Buyer's Agent in 2016

    Satwinder Mangat

    Arches Realty

    (408) 659-8201

    Section Image
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Map

Source: MLSListings

MLS Number: ML81611819

MLSListings

APN: 041-311-060

California San Mateo County San Mateo 94403 San Mateo Knolls

1363 Palos Verdes Dr, San Mateo, CA

This home is located at 1363 Palos Verdes Dr, San Mateo, CA 94403 since 26 August 2016 and is currently estimated at $2,684,463, approximately $704 per square foot. This property was built in 1964. 1363 Palos Verdes Dr is a home located in San Mateo County with nearby schools including Highlands Elementary School, Abbott Middle School, and Hillsdale High School.

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