$1,925,000
SOLD OCT 16, 2024
3 Beds
2 Baths
1,812 Sq Ft
5,001 Sq Ft Lot

Recently Sold

$1,062 Per Sq Ft

1% Above List Price

45 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • 2 Car Detached Garage
  • Baywood Elementary School Rated A
  • Golf Cart Garage
  • Washer and Dryer

About This Home

As of October 2024

TURNKEY duplex, great for owner occupied or investor! Great opportunity to own a duplex in the desirable Homestead neighborhood in San Mateo. First unit is an updated 2 bedroom, 1 bath and second unit is 1 bedroom 1 bath. Roof, electrical, plumbing, heating, windows, etc all recently updated. Terrific commute access, award-winning Baywood schools.

Last Agent to Sell the Property

Michael Warren

Compass License #01968537 Listed on: 08/12/2024

Compass

Last Buyer's Agent

Nick Kontonis

Makras Real Estate License #01220769

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,853

Year Built

  • 1943

Lot Details

  • 5,001 Sq Ft Lot
  • Level Lot
  • Back Yard

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Golf Cart Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,812 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Utilities

  • Wall Furnace
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $74,856
  • Month-to-Month Lease Term

Community Details

Overview

  • 1,812 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $180
  • Insurance Expense $400
  • Operating Expense $17,580
  • Gross Income $74,856

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,853

Year Built

1943

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Style: Traditional
  • Age: 81
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1812
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1943

Interior Features

  • Kitchen: Cooktop - Gas, Dishwasher, Exhaust Fan, Oven - Gas, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1812
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage, Gate / Door Opener, Golf Cart

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High
  • Elementary School: Baywood Elementary
  • Middle School: Borel Middle
  • High School: Aragon High
  • High School: 602
  • Elementary School: 608
  • Middle School: 610

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 25.36
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 400
  • Expense Landscape: 180
  • Expenses Total: 17580
  • Income Annual Gross: 74856.00
  • Income Annual Rental: 74856
  • Income Gross Scheduled: 74856
  • Income Includes: Rents
  • Meters: Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2024
Closed on
Oct 7, 2024
Sold by
Warren Michael L and Warren Christina
Bought by
Fotinos Anthony J and Fotinos Irene J
Seller's Agent
Michael Warren
Compass
Buyer's Agent
Nick Kontonis
Makras Real Estate
List Price
$1,900,000
Sold Price
$1,925,000
Premium/Discount to List
$25,000
1.32%
Views
23
Current Estimated Value
$1,952,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,087
Avg. Annual Appreciation
1.86%

Purchase Details

Closed on
Mar 13, 2015
Sold by
Jadallah Janine
Bought by
Jadallah Janine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,750
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 5, 2014
Sold by
Mcentee Breda E
Bought by
Mogannam David and Jadallaha Janine

Purchase Details

Closed on
May 6, 2004
Sold by
Mcentee Breda E
Bought by
Mcentee Breda E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2000
Sold by
Mcentee Breda E
Bought by
Mcentee Breda E
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,925,000 First American Title
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed $975,000 Old Republic Title Company
Interfamily Deed Transfer -- First American Title Co
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $580,000 New Conventional
Previous Owner $230,000 Future Advance Clause Open End Mortgage
Previous Owner $633,750 Adjustable Rate Mortgage/ARM
Previous Owner $100,000 Credit Line Revolving
Previous Owner $300,000 Purchase Money Mortgage
Previous Owner $250,000 Unknown
Previous Owner $170,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2024 10/16/24 Sold $1,925,000 +1.4% $1,062 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
08/12/2024 08/12/24 Price Changed $1,898,000 -0.1% $1,047 / Sq Ft
08/12/2024 08/12/24 For Sale $1,900,000 +11.8% $1,049 / Sq Ft
05/27/2022 05/27/22 Sold $1,700,000 0.0% $938 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $1,700,000 -- $938 / 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 $22,853 $1,925,000 $1,630,000 $295,000
2023 $22,853 $1,734,000 $1,326,000 $408,000
2022 $15,800 $1,104,210 $552,105 $552,105
2021 $15,262 $1,082,560 $541,280 $541,280
2020 $14,461 $1,071,460 $535,730 $535,730
2019 $13,669 $1,050,452 $525,226 $525,226
2018 $13,003 $1,029,856 $514,928 $514,928
2017 $12,269 $1,009,664 $504,832 $504,832
2016 $12,265 $989,868 $494,934 $494,934
2015 $11,736 $975,000 $487,500 $487,500
2014 $2,398 $87,333 $29,987 $57,346
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81976412

MLSListings

APN: 034-412-050