NOT LISTED FOR SALE

1582 Gordon St Redwood City, CA 94061

Palm Park Neighborhood

Estimated Value: $1,770,000 - $2,840,821

5 Beds
4 Baths
2,780 Sq Ft
$796/Sq Ft Est. Value

Last Sold November 05, 2014

Last sale price $1,355,000 $487 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $13,506/month

12 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Level Lot
  • Woodside High School Rated A

About This Home

As of November 2014

Pride of ownership townhouse-style duplex in WRC. Live in one & rent the other, or rent out both. Front unit has 2 beds+loft, 2 baths, front yard, private side yard & 2 car garage. Back unit has 3 beds & 2 baths, beautifully landscaped back yard, fruit trees & A/C. Fireplace, dual pane windows, Spanish tile, hardwood flrs, bedroom on 1st level, vaulted ceilings. EZ access to shopping, 101 & 280.

Last Agent to Sell the Property

Abe Matar

Landmark Real Estate Services License #01417693 Listed on: 10/16/2014

Last Buyer's Agent

Sally Tzeng

Intero Real Estate Services License #01099960

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,745

Year Built

  • 1987

Lot Details

  • Level Lot

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,780 Sq Ft Home
  • 2-Story Property
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Parking

  • Garage
  • Private Parking
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $63,600
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 2 Units
  • 2,780 Sq Ft Building

Building Details

  • Insurance Expense $1,000
  • Operating Expense $11,264
  • Gross Income $63,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,745

Year Built

1987

Lot Details

0

Listing Details

  • Zoning: R2000
  • Subclass: Duplex
  • Age: 27
  • Inspections Reports: Fault Zone, Pest Control, Property Inspection, Roof, Flood Zone
  • Sale Price Per Sq Ft: 487.41
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2780
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1987

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 2780
  • Stories: 2
  • Laundry: Laundry Area - In All Units, In Garage
  • Flooring: Tile, Carpet - Wall To Wall, Hardwood, Carpet

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Gate / Door Opener, Private / Exclusive, Spaces Per Unit - 1, Rv/Boat Parking

Utilities

  • Cooling System: Central Ac
  • 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: 7680.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7680.00
  • Lot Size Area Min Search: 7680.00
  • Maximum Lot Size: 7680.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.41

Multi Family

  • Expense Insurance: 1000
  • Expenses Total: 11264
  • Income Annual Gross: 63600.00
  • Income Annual Rental: 63600
  • Income Gross Scheduled: 63600
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Gardener, Services - Trash Removal, Insurance, Services - Sewer, Utilities - Water
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2014
Closed on
Nov 4, 2014
Sold by
Bahribek Leo E
Bought by
The Tsai Family Trust and Li Weihung
Seller's Agent
Abe Matar
Landmark Real Estate Services
Buyer's Agent
Sally Tzeng
Intero Real Estate Services
List Price
$1,298,000
Sold Price
$1,355,000
Premium/Discount to List
$57,000
4.39%
Current Estimated Value
$2,211,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$856,705
Avg. Annual Appreciation
4.62%

Purchase Details

Closed on
Nov 18, 2010
Sold by
Bahribek Leo E and Shino Wuilat T
Bought by
Bahribek Leo E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2003
Sold by
Banuazizi Mohsen
Bought by
Bahribek Leo E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 1996
Sold by
Eric Howard Kevin and Lynn Howard Debra
Bought by
Banuazizi Mohsen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
8.09%
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
The Tsai Family Trust $1,355,000 Chicago Title Company
Bahribek Leo E -- North American Title Co Inc
Bahribek Leo E $855,000 American Title
Banuazizi Mohsen $420,000 Old Republic Title Company
Howard Kevin Eric -- Old Republic Title Company
Penn Debra Lynn -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bahribek Leo E $605,000
Previous Owner Bahribek Leo E $622,500
Previous Owner Bahribek Leo E $106,000
Previous Owner Bahribek Leo E $668,500
Previous Owner Bahribek Leo E $665,000
Previous Owner Banuazizi Mohsen $90,000
Previous Owner Banuazizi Mohsen $246,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2014 11/05/14 Sold $1,355,000 +4.4% $487 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
10/16/2014 10/16/14 For Sale $1,298,000 -- $467 / 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 $17,745 $1,628,494 $814,247 $814,247
2023 $17,745 $1,565,260 $782,630 $782,630
2022 $16,654 $1,534,570 $767,285 $767,285
2021 $16,493 $1,504,482 $752,241 $752,241
2020 $16,271 $1,489,056 $744,528 $744,528
2019 $16,211 $1,459,860 $729,930 $729,930
2018 $15,787 $1,431,236 $715,618 $715,618
2017 $15,616 $1,403,174 $701,587 $701,587
2016 $15,373 $1,375,662 $687,831 $687,831
2015 $14,798 $1,355,000 $677,500 $677,500
2014 $10,783 $991,651 $579,914 $411,737
Source: Public Records

Agents Affiliated with this Home

  • Abe Matar

    Seller's Agent in 2014

    Abe Matar

    Landmark Real Estate Services

    (650) 670-0890

    40 Total Sales

    Abe Matar
    Section Image

  • S

    Buyer's Agent in 2014

    Sally Tzeng

    Intero Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81437344

MLSListings

APN: 059-081-760

California San Mateo County Redwood City 94061 Palm Park

1582 Gordon St, Redwood City, CA

This home is located at 1582 Gordon St, Redwood City, CA 94061 since 16 October 2014 and is currently estimated at $2,211,705, approximately $795 per square foot. This property was built in 1987. 1582 Gordon St 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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