NOT LISTED FOR SALE

1631 Kansas St Redwood City, CA 94061

Palm Park Neighborhood

Estimated Value: $2,056,000 - $3,249,049

5 Beds
5 Baths
4,098 Sq Ft
$593/Sq Ft Est. Value

Last Sold August 13, 2018

Last sale price $2,000,000 $488 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $15,257/month

7 Days on Market

About This Home

As of August 2018

1631-1633 Kansas Street is a stunning duplex located in thriving Redwood City, CA. The unit configuration includes a large (3) bedroom (2.5) bathroom owners unit with a private enclosed back yard and a spacious (2) bedroom (2) bathroom unit with a private patio and separate balcony. Each unit has its own designated two (2) car parking garage spacious open floor plans, walk-in closets and in-unit washers and dryers. The two-bedroom/two-bathroom upstairs unit has a private patio and separate balcony, dual pane windows and the interiors have been remodeled with new flooring, new paint, new bathroom counter tops and stainless steel appliances. The ground floor three-bedroom/two and one-half-bathroom unit contains a large backyard, hardwood flooring and was recently updated with new carpeting and new interior paint. * Unit number 1633 is currently vacant. Market rent was used for scheduled income.

Last Agent to Sell the Property

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 07/09/2018

Co-Listed By

Adam Levin

Marcus & Millichap License #01462752

Last Buyer's Agent

Adam Levin

Marcus & Millichap License #01462752

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,264

Year Built

  • 1985

Lot Details

  • 7,871 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 4,098 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $92,400

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $2,400
  • Insurance Expense $1,075
  • Maintenance Expense $1,500
  • Other Expense $1,000
  • Operating Expense $27,053
  • Gross Income $89,628

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,264

Year Built

1985

Lot Details

0

Parking

4

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 33
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4098
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Living Sq Ft: 4098
  • Stories: 2

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Flat / Low Pitch

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1807
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7872.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7872.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 20.54
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1075
  • Expense Landscape: 2400
  • Expense Maintenance: 1500
  • Expenses Other: 1000
  • Expenses Total: 27053
  • Income Annual Gross: 89628.00
  • Income Annual Rental: 92400
  • Income Gross Scheduled: 92400
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2019
Sold by
Ruder William H and Ruder Katherine
Bought by
Ruder William H and Ruder Katherine T
Current Estimated Value
$2,429,012

Purchase Details

Listed on
Jul 9, 2018
Closed on
Jul 27, 2018
Sold by
Caplan John and Reisinger Bryna
Bought by
Ruder William H and Ruder Katherine
Seller's Agent
Robert Johnston
Marcus & Millichap
Buyer's Agent
Adam Levin
Marcus & Millichap
List Price
$1,898,000
Sold Price
$2,000,000
Premium/Discount to List
$102,000
5.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.47%
Original Mortgage
$1,500,000
Interest Rate
3.55%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 19, 2016
Sold by
Caplan Helen B
Bought by
Caplan Helen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.44%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 25, 2009
Sold by
Caplan Helen B
Bought by
Caplan Helen B

Purchase Details

Closed on
Nov 5, 2002
Sold by
Caplan Helen B
Bought by
Caplan Helen

Purchase Details

Closed on
Feb 28, 1995
Sold by
Caplan Julian and Caplan Helen B
Bought by
Caplan Julian and Caplan Helen B
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
Ruder William H -- None Available
Ruder William H $2,000,000 North American Title Co
Caplan Helen B -- Old Republic Title Company
Caplan Helen B -- None Available
Caplan Helen -- --
Caplan Julian -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fa William $1,500,000
Closed Ruder William H $1,500,000
Previous Owner Caplan Helen B $300,000
Previous Owner Caplan Helen B $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2018 08/13/18 Sold $2,000,000 +5.4% $488 / Sq Ft
07/17/2018 07/17/18 Pending -- -- --
07/09/2018 07/09/18 For Sale $1,898,000 -- $463 / 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 $24,264 $2,115,000 $1,465,000 $650,000
2023 $24,264 $2,144,400 $1,484,998 $659,402
2022 $22,769 $2,102,354 $1,455,881 $646,473
2021 $22,548 $2,061,133 $1,427,335 $633,798
2020 $22,244 $2,040,000 $1,412,700 $627,300
2019 $22,163 $2,000,000 $1,385,000 $615,000
2018 $6,670 $598,023 $178,510 $419,513
2017 $6,599 $586,298 $175,010 $411,288
2016 $6,480 $574,803 $171,579 $403,224
2015 $6,239 $566,170 $169,002 $397,168
2014 $6,120 $555,081 $165,692 $389,389
Source: Public Records

Agents Affiliated with this Home

  • Robert Johnston

    Seller's Agent in 2018

    Robert Johnston

    Marcus & Millichap

    (510) 304-8077

    4 in this area

    137 Total Sales

    Robert Johnston
    Section Image
  • Adam Levin

    Seller Co-Listing Agent in 2018

    Adam Levin

    Marcus & Millichap

    (650) 391-1782

    2 in this area

    99 Total Sales

    Adam Levin
    Section Image
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Map

Source: MLSListings

MLS Number: ML81713573

MLSListings

APN: 059-192-180

California San Mateo County Redwood City 94061 Palm Park

1631 Kansas St, Redwood City, CA

This home is located at 1631 Kansas St, Redwood City, CA 94061 since 09 July 2018 and is currently estimated at $2,429,012, approximately $592 per square foot. This property was built in 1985. 1631 Kansas 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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