NOT LISTED FOR SALE

148 Roosevelt Ave Redwood City, CA 94061

Roosevelt Neighborhood

Estimated Value: $1,658,000 - $1,986,000

5 Beds
4 Baths
2,676 Sq Ft
$666/Sq Ft Est. Value

Last Sold December 27, 2013

Last sale price $1,011,110 $378 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $10,814/month

9 Days on Market

Highlights

  • Level Lot
  • Carpet
  • 1-Story Property
  • Sequoia High School Rated A

About This Home

As of December 2013

Prime opportunity to own an investment property on the peninsula! Room for rent adjustments. Units are separately metered for gas & electric. Each 1-BR unit has own washer/dryer hook-ups and water heaters. Seller has upgraded property and made repairs to roof, plumbing and ventilation. Purchase this property separately or with neighboring property located at 162 Roosevelt Ave MLS#81340072

Last Agent to Sell the Property

Jeri Richardson-Daines

Sequoia Realty Services License #01461819 Listed on: 11/05/2013

Last Buyer's Agent

Timothy Gilmartin

Gilmartin Group License #00841354

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,556

Year Built

  • 1950

Lot Details

  • Level Lot

Parking

  • Carport

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 2,676 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $60,900
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 2,676 Sq Ft Building

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $2,000
  • Maintenance Expense $1,070
  • Manager Expense $1,780
  • Operating Expense $23,208
  • Gross Income $60,291

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,556

Year Built

1950

Lot Details

0

Listing Details

  • Zoning: R4
  • Subclass: Fourplex
  • Age: 63
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 377.84
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2676
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 2676
  • Stories: 1
  • Laundry: In Some Units
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

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

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7470.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7470.00
  • Lot Size Area Min Search: 7470.00
  • Maximum Lot Size: 7470.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.75

Multi Family

  • Expense Insurance: 2000
  • Expense Landscape: 1200
  • Expense Maintenance: 1070
  • Expense Management: 1780
  • Expenses Total: 23208
  • Expense Water Sewer: 11000
  • Income Annual Gross: 60291.00
  • Income Annual Rental: 60900
  • Income Gross Scheduled: 60900
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric
  • Vacancy Amount: 609
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2018
Sold by
Yee Karen S and Louie Steven F
Bought by
Yee Karen S and Louie Steven F
Current Estimated Value
$1,777,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$972,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 5, 2013
Closed on
Dec 11, 2013
Sold by
Sequoia Realty Services
Bought by
Yee Karen S and Louie Steven F
Seller's Agent
Jeri Richardson-Daines
Sequoia Realty Services
Buyer's Agent
Timothy Gilmartin
Gilmartin Group
List Price
$1,020,000
Sold Price
$1,011,110
Premium/Discount to List
-$8,890
-0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%
Original Mortgage
$950,000
Interest Rate
4.32%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 19, 2013
Sold by
Hansen Jens and Hansen Margit H
Bought by
Sequoia Realty Services

Purchase Details

Closed on
Dec 18, 1996
Sold by
Jens Hansen and Jens Margit H
Bought by
Hansen Jens and Hansen Margit H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,700
Interest Rate
7.1%

Purchase Details

Closed on
May 16, 1995
Sold by
Hansen Jens and Hansen Margit H
Bought by
Hansen Jens and Hansen Margit H

Purchase Details

Closed on
Apr 4, 1995
Sold by
Hansen Jens and Hansen Margit H
Bought by
Hansen Jens and Hansen Margit H
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
Yee Karen S -- Old Republic Title Co
Yee Karen S -- Old Republic Title Co
Yee Karen S $2,275,000 North American Title Co Inc
Sequoia Realty Services $1,701,000 Fidelity National Title Co
Hansen Jens -- Fidelity National Title Co
Hansen Jens -- --
Hansen Jens -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yee Karen S $957,500
Closed Yee Karen S $972,000
Closed Yee Karen S $950,000
Previous Owner Hansen Jens $126,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2013 12/27/13 Sold $1,011,110 -0.9% $378 / Sq Ft
11/14/2013 11/14/13 Pending -- -- --
11/05/2013 11/05/13 For Sale $1,020,000 -- $381 / 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 $13,556 $1,239,473 $919,393 $320,080
2023 $13,556 $1,191,344 $883,693 $307,651
2022 $12,725 $1,167,985 $866,366 $301,619
2021 $12,602 $1,145,084 $849,379 $295,705
2020 $12,433 $1,133,343 $840,670 $292,673
2019 $12,388 $1,111,122 $824,187 $286,935
2018 $12,065 $1,089,336 $808,027 $281,309
2017 $11,935 $1,067,978 $792,184 $275,794
2016 $11,742 $1,047,038 $776,651 $270,387
2015 $11,305 $1,031,311 $764,985 $266,326
2014 $11,088 $1,011,110 $750,000 $261,110
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jeri Richardson-Daines

    Sequoia Realty Services

    Section Image
  • Timothy Gilmartin

    Buyer's Agent in 2013

    Timothy Gilmartin

    Gilmartin Group

    (408) 348-5013

    22 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81340070

MLSListings

APN: 053-094-150

California San Mateo County Redwood City 94061 Roosevelt

148 Roosevelt Ave, Redwood City, CA

This home is located at 148 Roosevelt Ave, Redwood City, CA 94061 since 05 November 2013 and is currently estimated at $1,783,000, approximately $666 per square foot. This property was built in 1950. 148 Roosevelt Ave is a home located in San Mateo County with nearby schools including Roosevelt Elementary School, John F. Kennedy Middle School, and Sequoia High School.

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