NOT LISTED FOR SALE

175 Pilarcitos Ave Half Moon Bay, CA 94019

Estimated Value: $1,573,000 - $2,597,917

6 Beds
6 Baths
3,732 Sq Ft
$496/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $1,455,000 $390 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $11,708/month

45 Days on Market

Highlights

  • City Lights View
  • High Ceiling
  • Balcony
  • Deck
  • Corian Countertops
  • Walk-In Closet

About This Home

As of March 2022

The pinnacle of multi-family living is here on Pilarcitos! This legacy property has been in the family since it's inception and is now available for your personal occupancy or investment! Each unit has 3 beds with 2.5 baths plus 2 car garages. Located on a corner lot within walking distance to Half Moon Bay's best beaches! Live in one and create an Airbnb or a vacation rental for the other! So many options are available. The units are currently tenant occupied so please do not disturb them...We have two pre-designated showing times that we would love to have you see the interior of these super spacious units. By the way, each unit has its own private backyard which borders a Creekside setting! There are no excuses for missing this rare opportunity to an amazing property right here in the heart of Half Moon Bay!

Last Agent to Sell the Property

Alex Lehr

Guide Real Estate License #00867442 Listed on: 01/14/2022

Guide Real Estate

Last Buyer's Agent

Juliette Kulda

KW Advisors License #70010081

KW Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,507

Year Built

  • 1984

Lot Details

  • 8,699 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

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

Interior Spaces

  • Walk-In Closet
  • 3,732 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • City Lights Views

Kitchen

  • Oven or Range
  • Range Hood
  • Dishwasher
  • Corian Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $52,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $2,000
  • Maintenance Expense $3,000
  • Operating Expense $25,625
  • Gross Income $52,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,507

Year Built

1984

Lot Details

0

Parking

2

Listing Details

  • Zoning: R30000
  • Subclass: Duplex
  • Age: 38
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3732
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1984

Interior Features

  • Kitchen: Countertop - Solid Surface / Corian, Dishwasher, Hood Over Range, Oven Range, Pantry, Refrigerator
  • Living Sq Ft: 3732
  • Stories: 2
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • View: City Lights
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet

Schools

  • School District: Cabrillo Unified
  • Elementary School: Alvin S. Hatch Elementary
  • Middle School: Manuel F. Cunha Intermediate
  • High School: Half Moon Bay High
  • High School: 1035
  • Elementary School: 601
  • Middle School: 654

Lot Info

  • Lot Description: Grade - Level, Regular
  • Lot Acres: 0.1997
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8700.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8700.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 28.31
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Maintenance: 3000
  • Expenses Total: 25625
  • Income Annual Gross: 52800.00
  • Income Annual Rental: 52800
  • Income Gross Scheduled: 52800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
Mar 23, 2022
Sold by
Croaro David J
Bought by
Lincoln Kristy A and Ashley Patrick R
Seller's Agent
Alex Lehr
Guide Real Estate
Buyer's Agent
Juliette Kulda
KW Advisors
List Price
$1,595,000
Sold Price
$1,455,000
Premium/Discount to List
-$140,000
-8.78%
Current Estimated Value
$1,850,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,229
Avg. Annual Appreciation
7.15%
Original Mortgage
$1,091,250
Outstanding Balance
$1,027,562
Interest Rate
4.16%
Estimated Equity
$815,155

Purchase Details

Closed on
Oct 27, 2016
Sold by
Croaro David J
Bought by
Croaro David J and Croaro Gina A
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
Lincoln Kristy A $1,455,000 Lawyers Title
Croaro David J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ashley Patrick R $0
Open Lincoln Kristy A $1,091,250
Previous Owner Croaro David J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $1,455,000 -2.7% $390 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/17/2022 02/17/22 Price Changed $1,495,000 -6.3% $401 / Sq Ft
01/14/2022 01/14/22 For Sale $1,595,000 -- $427 / 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 $19,507 $1,544,057 $689,785 $854,272
2023 $19,507 $1,484,100 $663,000 $821,100
2022 $12,968 $965,806 $482,903 $482,903
2021 $12,530 $946,870 $473,435 $473,435
2020 $12,314 $937,162 $468,581 $468,581
2019 $12,619 $918,788 $459,394 $459,394
2018 $12,054 $900,774 $450,387 $450,387
2017 $11,849 $883,112 $441,556 $441,556
2016 $11,626 $865,798 $432,899 $432,899
2015 $11,327 $852,794 $426,397 $426,397
2014 $11,444 $836,090 $418,045 $418,045
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81874590

MLSListings

APN: 056-141-940