NOT LISTED FOR SALE

1568 Union Ave Redwood City, CA 94061

Palm Park Neighborhood

Estimated Value: $2,047,000 - $3,077,000

7 Beds
5 Baths
3,870 Sq Ft
$675/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $1,608,750 $416 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $15,496/month

Highlights

  • RV Access or Parking
  • Neighborhood Views
  • Guest Parking
  • Woodside High School Rated A
  • Tile Flooring
  • Forced Air Heating System

About This Home

As of September 2014

Entered for comp only. Original condition.

Last Agent to Sell the Property

Laura Bertolacci

Golden Gate Sotheby's International Realty License #00868180 Listed on: 09/30/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,591

Year Built

  • 1971

Lot Details

  • Level Lot

Home Design

  • Triplex
  • Ceiling Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,870 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Parking

  • Private Parking
  • Guest Parking
  • RV Access or Parking

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $81,540

Community Details

Overview

  • 3 Units
  • 3,870 Sq Ft Building

Building Details

  • Gardener Expense $150
  • Maintenance Expense $300
  • Other Expense $150
  • Operating Expense $4,974
  • Gross Income $81,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,591

Year Built

1971

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Triplex
  • Age: 43
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Pool, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 415.70
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 3870
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1971

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 3870
  • Stories: 2
  • Laundry: In Some Units
  • Flooring: Tile, Carpet - Wall To Wall, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Guest / Visitor Parking, Rv/Boat Parking, Spaces Per Unit - 1

Utilities

  • Heating System: Central Forced Air
  • 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: 10780.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 10780.00
  • Lot Size Area Min Search: 10780.00
  • Maximum Lot Size: 10780.00

Green Features

  • Energy Features: Ceiling Insulation

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.62

Multi Family

  • Expense Landscape: 150
  • Expense Maintenance: 300
  • Expenses Other: 150
  • Expenses Total: 4974
  • Income Annual Gross: 81540.00
  • Income Annual Rental: 81540
  • Income Gross Scheduled: 81540
  • Maximum Building Height: 2
  • Meters: Separate Electric
  • Minimum Building Height: 2
  • Number Of Buildings: 3
  • Operating Expenses Include: Services - Gardener, Maintenance - Pool/Spa
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2014
Closed on
Sep 24, 2014
Sold by
Mcmanus John P and Mcmanus Debra W
Bought by
Perez Clara Luisa
Seller's Agent
Laura Bertolacci
Golden Gate Sotheby's International Realty
List Price
$1,600,000
Sold Price
$1,608,750
Premium/Discount to List
$8,750
0.55%
Current Estimated Value
$2,611,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,002,914
Avg. Annual Appreciation
4.47%
Original Mortgage
$500,000
Outstanding Balance
$382,074
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$2,229,590

Purchase Details

Closed on
Aug 9, 2011
Sold by
Mcmanus John P
Bought by
Mcmanus John P and Mcmanus Debra W

Purchase Details

Closed on
Dec 6, 2010
Sold by
Mcmanus John P and Mcgrath Michele D
Bought by
Mcmanus John P

Purchase Details

Closed on
Oct 30, 2009
Sold by
Mcmanus Anita D and Mcmanus John P
Bought by
Mcmanus Anita D and Mcmanus John P

Purchase Details

Closed on
Nov 5, 2003
Sold by
Mcmanus Harold J and Mcmanus Anita D
Bought by
Mcmanus Harold J and Mcmanus Anita D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2003
Sold by
Mcmanus Harold J and Mcmanus Anita D
Bought by
Mcmanus Harold J and Mcmanus Anita D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2001
Sold by
Mcmanus Harold J and Mcmanus Anita D
Bought by
Mcmanus Harold J and Mcmanus Anita D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.57%

Purchase Details

Closed on
Apr 16, 1996
Sold by
Mcmanus Harold J and Mcmanus Anita D
Bought by
Mcmanus Harold J and Mcmanus Anita D
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
Perez Clara Luisa $1,609,000 Fidelity National Title Co
Mcmanus John P -- None Available
Mcmanus John P -- None Available
Mcmanus John P -- None Available
Mcmanus Anita D -- None Available
Mcmanus Harold J -- --
Mcmanus Harold J -- Old Republic Title Company
Mcmanus Harold J -- Stewart Title
Mcmanus Harold J -- Stewart Title
Mcmanus Harold J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Clara Luisa $500,000
Previous Owner Mcmanus Harold J $322,700
Previous Owner Mcmanus Harold J $332,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2014 09/30/14 Sold $1,608,750 +0.5% $416 / Sq Ft
09/30/2014 09/30/14 Pending -- -- --
09/30/2014 09/30/14 For Sale $1,600,000 -- $413 / 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 $21,591 $1,983,042 $991,521 $991,521
2023 $21,591 $1,906,040 $953,020 $953,020
2022 $20,262 $1,868,668 $934,334 $934,334
2021 $20,065 $1,832,028 $916,014 $916,014
2020 $19,795 $1,813,244 $906,622 $906,622
2019 $19,723 $1,777,692 $888,846 $888,846
2018 $19,206 $1,742,836 $871,418 $871,418
2017 $18,998 $1,708,664 $854,332 $854,332
2016 $18,708 $1,675,162 $837,581 $837,581
2015 $18,008 $1,650,000 $825,000 $825,000
2014 $4,401 $395,768 $31,080 $364,688
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Laura Bertolacci

    Golden Gate Sotheby's International Realty

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Map

Source: MLSListings

MLS Number: ML81435450

MLSListings

APN: 059-072-540

California San Mateo County Redwood City 94061 Palm Park

1568 Union Ave, Redwood City, CA

This home is located at 1568 Union Ave, Redwood City, CA 94061 since 30 September 2014 and is currently estimated at $2,611,664, approximately $674 per square foot. This property was built in 1971. 1568 Union Ave is a home located in San Mateo County with nearby schools including Henry Ford Elementary School, John F. Kennedy Middle School, and Woodside High School.

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