NOT LISTED FOR SALE

Estimated Value: $1,455,000 - $1,876,000

4 Beds
2 Baths
2,272 Sq Ft
$756/Sq Ft Est. Value

Last Sold April 24, 2015

Last sale price $975,000 $429 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $10,639/month

37 Days on Market

Highlights

  • Wood Flooring
  • Victorian Architecture
  • Laundry Room
  • Highlands Elementary School Rated A-
  • Stone Countertops
  • 3-minute walk to Martin Luther King Community Park

About This Home

As of April 2015

(DUPLEX) 2 units located walking distance to Downtown San Mateo. (LOWER) unit is vacant with 2 bedrooms, 1 bath, formal dining room, separate family room, spacious bedrooms and laundry closet. High ceilings and freshly painted. Updated kitchen with all new stainless steel appliances. (TOP) unit is tenant occupied on month to month rental. 2 bedrooms, 1 bath. Centrally located units close to restaurants, shopping and entertainment. Minutes from downtown San Francisco and Silicon Valley.

Last Agent to Sell the Property

Jaime Gonzalez

Gonzalez Properties License #01126649 Listed on: 02/25/2015

Last Buyer's Agent

Maria Lopez-Okano

Gonzalez Properties License #00963871

Gonzalez Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,431

Year Built

  • 1907

Lot Details

  • 5,750 Sq Ft Lot

Home Design

  • Duplex
  • Victorian Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,272 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Separate Meters
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $52,800

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,600
  • Operating Expense $9,700
  • Gross Income $50,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,431

Year Built

1907

Lot Details

0

Listing Details

  • Zoning: RM0004
  • Subclass: Duplex
  • Style: Victorian
  • Age: 108
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2272
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1907

Interior Features

  • Kitchen: Countertop - Stone, Dishwasher, Garbage Disposal, Oven Range - Gas
  • Living Sq Ft: 2272
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Hardwood, Laminate, Tile
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: No Garage

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected, Sewer In Street

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1320
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5750.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.82
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1600
  • Expenses Total: 9700
  • Income Annual Gross: 50160.00
  • Income Annual Rental: 52800
  • Income Gross Scheduled: 52800
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Tax, Insurance, Vacancy Factor
  • Tenant Expenses: Services - Gardener/Landscaping
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 4, 2020
Sold by
Tsai Mary C and Martinez Donnamarie
Bought by
Martinez Donnamarie and Tsai Mary C
Current Estimated Value
$1,716,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$363,834
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,352,684

Purchase Details

Listed on
Feb 25, 2015
Closed on
Apr 8, 2015
Sold by
Working Dirt Llc
Bought by
Tsai Mary C and Martinez Donnamarie
Seller's Agent
Jaime Gonzalez
Gonzalez Properties
Buyer's Agent
Maria Lopez-Okano
Gonzalez Properties
List Price
$888,000
Sold Price
$975,000
Premium/Discount to List
$87,000
9.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%
Original Mortgage
$500,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2014
Sold by
Working Dirt R2 Llc
Bought by
Working Dirt Llc

Purchase Details

Closed on
Jul 31, 2013
Sold by
Working Dirt Llc
Bought by
Working Dirt R2 Llc

Purchase Details

Closed on
Feb 14, 2013
Sold by
Maximo Management Inc
Bought by
Working Dirt Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
3.53%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 2, 2013
Sold by
Tronoff Maritza
Bought by
Maximo Management Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
3.53%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 8, 2005
Sold by
Reynolds Gloria F and Reynolds Trust
Bought by
Pinel Tronoff Maritza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 5, 2003
Sold by
Reynolds Gloria F
Bought by
Reynolds Gloria F and The Reynolds Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2002
Sold by
Reynolds Gloria F
Bought by
The Reynolds Trust
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
Martinez Donnamarie -- Chicago Title Company
Tsai Mary C $975,000 Chicago Title Company
Working Dirt Llc -- None Available
Working Dirt R2 Llc -- None Available
Working Dirt Llc $590,000 None Available
Maximo Management Inc $552,000 None Available
Pinel Tronoff Maritza $850,000 Alliance Title
Reynolds Gloria F -- --
Reynolds Gloria -- Old Republic Title Company
The Reynolds Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Donnamarie $450,000
Previous Owner Tsai Mary C $500,000
Previous Owner Working Dirt R2 Llc $150,000
Previous Owner Working Dirt R2 Llc $380,000
Previous Owner Working Dirt Llc $472,000
Previous Owner Pinel Tronoff Maritza $650,000
Previous Owner Reynolds Gloria $400,000
Previous Owner Reynolds Gloria F $353,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2015 04/24/15 Sold $975,000 +9.8% $429 / Sq Ft
04/03/2015 04/03/15 Pending -- -- --
02/25/2015 02/25/15 For Sale $888,000 -- $391 / 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 $15,431 $1,184,307 $585,897 $598,410
2023 $15,431 $1,138,322 $563,147 $575,175
2022 $14,778 $1,116,003 $552,105 $563,898
2021 $14,432 $1,094,122 $541,280 $552,842
2020 $13,987 $1,082,904 $535,730 $547,174
2019 $13,539 $1,061,672 $525,226 $536,446
2018 $12,971 $1,040,856 $514,928 $525,928
2017 $11,865 $1,009,664 $504,832 $504,832
2016 $11,730 $989,868 $494,934 $494,934
2015 $9,082 $676,242 $338,121 $338,121
2014 $8,848 $662,996 $331,498 $331,498
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81452419

MLSListings

APN: 032-304-200