NOT LISTED FOR SALE

1638 Palm Ave Redwood City, CA 94061

Palm Park Neighborhood

Estimated Value: $1,728,000 - $2,481,752

4 Beds
2 Baths
2,436 Sq Ft
$806/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $1,425,000 $585 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $11,814/month

39 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Tile Countertops
  • Woodside High School Rated A
  • 2 Car Attached Garage
  • Forced Air Heating System

About This Home

As of January 2019

Great opportunity, a little TLC will make this very affordable Duplex a great place to call Home, 2 bedroom 1 bath with attached 1 car garage and 2 bedroom 1 1/2 baths, with attached 1 car garage and additional covered off street parking. Live in one unit and rent the other to help with mortgage, You could also purchase the duplex next door which is also for sale to make a family compound.

Last Agent to Sell the Property

Joe Rodden

Berkshire Hathaway HomeServices DrysdaleProperties License #00526637 Listed on: 10/07/2018

Berkshire Hathaway HomeServices DrysdaleProperties

Co-Listed By

Joanie Kay

Berkshire Hathaway HomeServices DrysdaleProperties License #00412813

Last Buyer's Agent

Alicia Nardini

Sequoia Realty Services License #01701961

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,325

Year Built

  • 1959

Lot Details

  • 7,174 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • 1 Carport Space

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,436 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Tile Countertops
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile
  • Vinyl

Utilities

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

Listing and Financial Details

  • Total Actual Rent $44,880

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1
  • Maintenance Expense $1
  • Manager Expense $1
  • Other Expense $1
  • Utility Expense $1
  • Trash Expense $1
  • Operating Expense $9,027
  • Gross Income $22,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,325

Year Built

1959

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 59
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2436
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Kitchen: Countertop - Tile
  • Living Sq Ft: 2436
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Hardwood, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage
  • Carport Min: 1

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1647
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7176.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7176.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 32.51
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Landscape: 1
  • Expense Maintenance: 1
  • Expense Management: 1
  • Expenses Other: 1
  • Expenses Total: 9027
  • Expenses Utility: 1
  • Expense Trash: 1
  • Income Annual Gross: 22440.00
  • Income Annual Rental: 44880
  • Income Gross Scheduled: 44880
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2018
Closed on
Jan 24, 2019
Sold by
Reinheimer Rose and Rose Reinheimer Gst Exempt Tru
Bought by
Butler Terri M
Seller's Agent
Joe Rodden
Berkshire Hathaway HomeServices DrysdaleProperties
Buyer's Agent
Alicia Nardini
Sequoia Realty Services
List Price
$1,499,000
Sold Price
$1,425,000
Premium/Discount to List
-$74,000
-4.94%
Current Estimated Value
$1,963,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$538,688
Avg. Annual Appreciation
4.77%
Original Mortgage
$997,500
Outstanding Balance
$885,626
Interest Rate
4.9%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,056,990

Purchase Details

Listed on
Oct 7, 2018
Closed on
Jan 18, 2019
Sold by
Butler William L
Bought by
Butler Terri M
Seller's Agent
Joe Rodden
Berkshire Hathaway HomeServices DrysdaleProperties
Buyer's Agent
Alicia Nardini
Sequoia Realty Services
List Price
$1,499,000
Sold Price
$1,425,000
Premium/Discount to List
-$74,000
-4.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$997,500
Outstanding Balance
$885,626
Interest Rate
4.9%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,056,990

Purchase Details

Closed on
Jan 27, 2017
Sold by
Tracy Peter
Bought by
Reinheimer Rose and The Rose Reinheimer Gst Exempt Trust

Purchase Details

Closed on
Aug 27, 2013
Sold by
Tracy Peter
Bought by
Tracy Peter

Purchase Details

Closed on
May 21, 2007
Sold by
Tracy Allen and Tracy Peter
Bought by
Tracy Allen and Tracy Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2005
Sold by
Farnum David W and Farnum Gary S
Bought by
Tracy Allen and Tracy Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,500
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2005
Sold by
Farnum Kathleen D
Bought by
Farnum Brian E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,500
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2005
Sold by
Farnum Carole R
Bought by
Farnum David W and Farnum Gary S

Purchase Details

Closed on
May 19, 2004
Sold by
Marozick Barbara Jean A
Bought by
Marozick Barbara J

Purchase Details

Closed on
Apr 22, 2002
Sold by
Marozick Barbara J
Bought by
Marozick Barbara Jean A
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
Butler Terri M $1,425,000 Fidelity National Title Co
Butler Terri M -- Fidelity National Title
Reinheimer Rose $120,000 None Available
Tracy Peter -- None Available
Tracy Allen -- North American Title Company
Tracy Allen -- North American Title Company
Tracy Allen -- North American Title Company
Tracy Allen $757,500 Fidelity National Title
Farnum Brian E -- Fidelity National Title
Farnum Gary S -- Fidelity National Title
Farnum David W -- Fidelity National Title
Farnum David W -- --
Marozick Barbara J -- --
Marozick Barbara Jean A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butler Terri M $997,500
Previous Owner Tracy Allen $180,000
Previous Owner Tracy Allen $527,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2019 01/25/19 Sold $1,425,000 -2.3% $585 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
11/10/2018 11/10/18 Price Changed $1,459,000 -2.7% $599 / Sq Ft
10/07/2018 10/07/18 For Sale $1,499,000 -- $615 / 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 $17,325 $1,589,609 $1,215,913 $373,696
2023 $17,325 $1,527,885 $1,168,699 $359,186
2022 $16,260 $1,497,928 $1,145,784 $352,144
2021 $16,102 $1,468,558 $1,123,318 $345,240
2020 $15,886 $1,453,500 $1,111,800 $341,700
2019 $10,924 $979,935 $600,510 $379,425
2018 $10,639 $960,722 $588,736 $371,986
2017 $9,022 $805,848 $402,924 $402,924
2016 $8,870 $790,048 $395,024 $395,024
2015 $8,539 $778,182 $389,091 $389,091
2014 $8,376 $762,940 $381,470 $381,470
Source: Public Records

Agents Affiliated with this Home

  • Joe Rodden

    Seller's Agent in 2019

    Joe Rodden

    BHHS Drysdale

    (650) 568-5508

    1 in this area

    25 Total Sales

    Joe Rodden
    Section Image

  • J

    Seller Co-Listing Agent in 2019

    Joanie Kay

    BHHS Drysdale

    Section Image

  • A

    Buyer's Agent in 2019

    Alicia Nardini

    Sequoia Realty Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81726672

MLSListings

APN: 059-181-050

California San Mateo County Redwood City 94061 Palm Park

1638 Palm Ave, Redwood City, CA

This home is located at 1638 Palm Ave, Redwood City, CA 94061 since 07 October 2018 and is currently estimated at $1,963,688, approximately $806 per square foot. This property was built in 1959. 1638 Palm 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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