NOT LISTED FOR SALE

1508 Jefferson Ave Redwood City, CA 94062

Roosevelt Neighborhood

Estimated Value: $1,339,000 - $2,034,000

2 Beds
2 Baths
1,980 Sq Ft
$862/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $1,060,000 $535 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $10,135/month

9 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Floor Furnace
  • Sequoia High School Rated A
  • Ceiling Fan
  • Washer and Dryer

About This Home

As of November 2020

This 1936 Duplex is as cute as can be ! Two split level units with attached garages. These units have had long term tenants for many years. Ready for a new owner and new tenants or live in one and collect income from the other. The location is A+. Close proximity to Whole Foods, Sequoia Station, Downtown Redwood City and all it has to offer, and transportation and recreation. Perfect location for convenient, easy living.

Last Agent to Sell the Property

Heather Hansen

Compass License #01059256 Listed on: 09/28/2020

Compass

Last Buyer's Agent

Mark Palermo

Compass License #01469372

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,540

Year Built

  • 1936

Lot Details

  • 4,748 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Flat Roof Shape
  • Wood Frame Construction
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,980 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Washer and Dryer

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $25,250

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,440
  • Insurance Expense $1,749
  • Operating Expense $4,317
  • Gross Income $25,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,540

Year Built

1936

Lot Details

0

Parking

2

Listing Details

  • Zoning: r-2
  • Subclass: Duplex
  • Age: 84
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1936

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 1980
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Flat / Low Pitch, Tile
  • Construction Type: Wood Frame

Garage/Parking

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

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Floor Furnace, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1090
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4750.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 39.52
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1749
  • Expense Landscape: 1440
  • Expenses Total: 4317
  • Income Annual Gross: 25250.00
  • Income Annual Rental: 25250
  • Income Gross Scheduled: 25250
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Oct 28, 2020
Sold by
Deaton Trust
Bought by
Ding Jian and Zhang Ying
Seller's Agent
Heather Hansen
Compass
Buyer's Agent
Mark Palermo
Compass
List Price
$998,000
Sold Price
$1,060,000
Premium/Discount to List
$62,000
6.21%
Current Estimated Value
$1,706,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$646,169
Avg. Annual Appreciation
10.29%
Original Mortgage
$689,000
Outstanding Balance
$612,336
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$1,093,833

Purchase Details

Closed on
Jul 24, 2009
Sold by
Deaton Kathleen
Bought by
Deaton Kathleen and Deaton Bruce
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
Ding Jian $1,060,000 Old Republic Title
Deaton Kathleen -- None Available
Deaton Kathleen -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ding Jian $689,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $1,060,000 +6.2% $535 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $998,000 -- $504 / 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 $12,540 $1,147,376 $909,242 $238,134
2023 $12,540 $1,102,824 $873,936 $228,888
2022 $11,772 $1,081,200 $856,800 $224,400
2021 $11,658 $1,060,000 $840,000 $220,000
2020 $1,131 $92,664 $39,193 $53,471
2019 $1,128 $90,848 $38,425 $52,423
2018 $1,120 $89,068 $37,672 $51,396
2017 $1,109 $87,323 $36,934 $50,389
2016 $1,066 $85,611 $36,210 $49,401
2015 $1,030 $84,326 $35,667 $48,659
2014 $1,012 $82,675 $34,969 $47,706
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2020

    Heather Hansen

    Compass

    Section Image

  • M

    Buyer's Agent in 2020

    Mark Palermo

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81813153

MLSListings

APN: 053-032-220

California San Mateo County Redwood City 94061 Roosevelt

1508 Jefferson Ave, Redwood City, CA

This home is located at 1508 Jefferson Ave, Redwood City, CA 94062 since 28 September 2020 and is currently estimated at $1,706,169, approximately $861 per square foot. This property was built in 1936. 1508 Jefferson Ave is a home located in San Mateo County with nearby schools including Clifford School, John F. Kennedy Middle School, and Sequoia High School.

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