NOT LISTED FOR SALE

1648 Palm Ave Redwood City, CA 94061

Palm Park Neighborhood

Estimated Value: $1,598,000 - $2,431,433

-- Bed
2 Baths
2,308 Sq Ft
$825/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $1,415,000 $613 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $11,815/month

39 Days on Market

Highlights

  • Forced Air Heating System
  • Woodside High School Rated A
  • 1-Story Property

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 attached 1 car garage and 2 bedroom 1 baths, attached 1 car garage and. Live in one unit and rent the other to help with mortgage, The duplex next door is also for sale and you could create 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

  • $17,204

Year Built

  • 1959

Lot Details

  • 7,174

Parking

  • 2 Car Garage

Home Design

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

Interior Spaces

  • 2,308 Sq Ft Home
  • 1-Story Property

Additional Features

  • 7,174 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $45,540

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gross Income $45,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,204

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: 2308
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 2308
  • Stories: 1

Exterior Features

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

Garage/Parking

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

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • 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: 31.82
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Income Annual Gross: 45540.00
  • Income Annual Rental: 45540
  • Income Gross Scheduled: 45540
  • Income Includes: Rents
  • Meters: Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2018
Closed on
Jan 14, 2019
Sold by
Reinheimer Rose and The Rose Reinheimer Gst Exempt
Bought by
Butler Realty Llc
Seller's Agent
Joe Rodden
Berkshire Hathaway HomeServices DrysdaleProperties
Buyer's Agent
Alicia Nardini
Sequoia Realty Services
List Price
$1,488,000
Sold Price
$1,415,000
Premium/Discount to List
-$73,000
-4.91%
Current Estimated Value
$1,905,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$490,108
Avg. Annual Appreciation
4.74%
Original Mortgage
$849,000
Interest Rate
4.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 27, 2017
Sold by
Tracy Peter
Bought by
Reinheinier 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
Sep 1, 2000
Sold by
Tracy Allen and Tracy Peter
Bought by
Tracy Allen and Tracy Peter

Purchase Details

Closed on
Dec 5, 1997
Sold by
Allen Tracy and Allen Elisa M
Bought by
Tracy Allen and Tracy Elisa M
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 Realty Llc $1,415,000 Fidelity National Title Co
Reinheinier Rose $101,500 None Available
Tracy Peter -- None Available
Tracy Allen -- --
Tracy Allen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butler Realty Llc $849,000
Closed Butler Realty Llc $849,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2019 01/25/19 Sold $1,415,000 -2.3% $613 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
11/10/2018 11/10/18 Price Changed $1,449,000 -2.6% $628 / Sq Ft
10/07/2018 10/07/18 For Sale $1,488,000 -- $645 / 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 $17,204 $1,578,454 $1,215,913 $362,541
2023 $17,204 $1,517,163 $1,168,699 $348,464
2022 $16,147 $1,487,416 $1,145,784 $341,632
2021 $15,990 $1,458,252 $1,123,318 $334,934
2020 $15,775 $1,443,300 $1,111,800 $331,500
2019 $6,963 $620,445 $391,351 $229,094
2018 $6,782 $608,280 $383,678 $224,602
2017 $4,304 $378,481 $168,212 $210,269
2016 $4,217 $371,061 $164,914 $206,147
2015 $4,062 $365,488 $162,437 $203,051
2014 $3,985 $358,330 $159,256 $199,074
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
See All Agents

Map

Source: MLSListings

MLS Number: ML81726671

MLSListings

APN: 059-181-060

California San Mateo County Redwood City 94061 Palm Park

1648 Palm Ave, Redwood City, CA

This home is located at 1648 Palm Ave, Redwood City, CA 94061 since 07 October 2018 and is currently estimated at $1,905,108, approximately $825 per square foot. This property was built in 1959. 1648 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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