NOT LISTED FOR SALE

185 Redwood Ave Redwood City, CA 94061

Palm Park Neighborhood

Estimated Value: $1,418,000 - $1,907,311

4 Beds
3 Baths
1,560 Sq Ft
$1,059/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $1,400,000 $897 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $10,354/month

41 Days on Market

Highlights

  • Granite Countertops
  • 2 Car Detached Garage
  • Coin Laundry
  • Woodside High School Rated A
  • Tile Flooring
  • 1-Story Property

About This Home

As of June 2022

This duplex is quite the gem either as an investment or as an owner-occupied property. The two units in the main building are both two bedroom/one bath units that have been completely remodeled with permits and have new kitchens, bathrooms, flooring, double-pane windows and more. There is also a fully functional, one bedroom/one bath unit permitted as an Office that is attached to the two-car garage. The kitchens in the two-bedroom units have all been upgraded with granite counters, new cabinetry, and appliances including dishwashers. The bathrooms of both units have also been completely remodeled with new tubs, toilets, counters, vanity and fixtures flooring, new paint, blinds and light fixtures. The garage addition which is permitted as an office has also been remodeled with a fully functional kitchen, bathroom, flooring, paint, double-pane windows. Kitchen is an unpermitted addition. Electricity for this unit is metered with the unit at 187. This is a prime Peninsula location!

Last Agent to Sell the Property

Michael Shields

SiliconValley MultiFamilyGroup License #01327546 Listed on: 02/27/2022

Last Buyer's Agent

Jingmei Gao

Intero Real Estate Services License #02161111

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,201

Year Built

  • 1951

Lot Details

  • 5,502 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Oven
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Corian Countertops
  • Disposal

Flooring

  • Laminate
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $61,200

Community Details

Building Details

  • 1 Leased Unit
  • Gardener Expense $960
  • Insurance Expense $1,100
  • Maintenance Expense $800
  • Utility Expense $5,000
  • Operating Expense $24,123
  • Gross Income $63,360

Additional Features

  • 1,560 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,201

Year Built

1951

Lot Details

0

Parking

2

Listing Details

  • Zoning: R40000
  • Subclass: Duplex
  • Age: 71
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1560
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Kitchen: Countertop - Granite, Countertop - Solid Surface / Corian, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Electric
  • Living Sq Ft: 1560
  • Stories: 1
  • Laundry: Coin Operated
  • Flooring: Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Shingle
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Schools

  • School District: Sequoia Union High
  • Elementary School: Henry Ford Elementary
  • Middle School: John F. Kennedy Middle
  • High School: Woodside High
  • High School: 684
  • Elementary School: 639
  • Middle School: 646

Lot Info

  • Lot Acres: 0.1263
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5500.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 23.60
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1100
  • Expense Landscape: 960
  • Expense Maintenance: 800
  • Expenses Total: 24123
  • Expenses Utility: 5000
  • Income Annual Gross: 63360.00
  • Income Annual Rental: 61200
  • Income Gross Scheduled: 63360
  • Income Includes: Laundry
  • Income Other: 2160
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2022
Sold by
Jones Mary L
Bought by
Jones Ryan P
Current Estimated Value
$1,652,578

Purchase Details

Closed on
Aug 6, 2014
Sold by
Jones Ryan P and Jones Mary L
Bought by
Jones Ryan P and Tran Tram Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Jones Ryan P and Jones Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2010
Sold by
Melgoza Angelina and Mendoza Jose Heriberto
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Mar 29, 2007
Sold by
Melgoza Angelina and Silva Maria Guadalupe
Bought by
Melgoza Angelina and Mendoza Jose Heriberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.86%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 19, 2004
Sold by
Mendoza Uriel
Bought by
Barajas Maria G Silva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2004
Sold by
Frederick Roseann
Bought by
Melgoza Angelina and Barajas Maria G Silva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 23, 1999
Sold by
Frederick Walter S
Bought by
Frederick Roseann

Purchase Details

Closed on
Jul 19, 1994
Sold by
Frederick Roseann and Frederick Walter S
Bought by
Frederick Roseann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
8.53%

Purchase Details

Closed on
Jun 30, 1994
Sold by
Frederick Roseann
Bought by
Frederick Roseann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
8.53%
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
Jones Ryan P -- None Listed On Document
Jones Ryan P -- First American Title Company
Jones Ryan P $450,000 Lawyers Title
Hsbc Bank Usa National Association $485,000 Accommodation
Melgoza Angelina -- Chicago Title Company
Barajas Maria G Silva -- Old Republic Title Company
Melgoza Angelina $735,000 Old Republic Title Company
Frederick Roseann -- --
Frederick Roseann -- --
Frederick Roseann -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Ryan P $400,000
Previous Owner Jones Ryan P $307,000
Previous Owner Melgoza Angelina $85,000
Previous Owner Melgoza Angelina $680,000
Previous Owner Melgoza Angelina $475,000
Previous Owner Frederick Roseann $256,000
Closed Melgoza Angelina $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $1,400,000 -6.4% $897 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
02/27/2022 02/27/22 For Sale $1,495,000 -- $958 / 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 $16,201 $1,485,691 $1,061,208 $424,483
2023 $16,201 $1,428,000 $1,020,000 $408,000
2022 $5,978 $543,268 $271,634 $271,634
2021 $5,921 $532,616 $266,308 $266,308
2020 $5,842 $527,156 $263,578 $263,578
2019 $5,821 $516,820 $258,410 $258,410
2018 $5,671 $506,688 $253,344 $253,344
2017 $5,610 $496,754 $248,377 $248,377
2016 $5,505 $487,014 $243,507 $243,507
2015 $5,301 $479,700 $239,850 $239,850
2014 $5,200 $470,304 $235,152 $235,152
Source: Public Records

Agents Affiliated with this Home

  • Michael Shields

    Seller's Agent in 2022

    Michael Shields

    SiliconValley MultiFamilyGroup

    (408) 356-1900

    1 in this area

    37 Total Sales

    Michael Shields
    Section Image

  • J

    Buyer's Agent in 2022

    Jingmei Gao

    Intero Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81880098

MLSListings

APN: 053-282-080

California San Mateo County Redwood City 94061 Palm Park

185 Redwood Ave, Redwood City, CA

This home is located at 185 Redwood Ave, Redwood City, CA 94061 since 27 February 2022 and is currently estimated at $1,652,578, approximately $1,059 per square foot. This property was built in 1951. 185 Redwood 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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