$9,900,000
SOLD FEB 15, 2013

1868 Floribunda Ave Hillsborough, CA 94010

6 Beds
8 Baths
11,090 Sq Ft
2.34 Acres

Recently Sold

$893 Per Sq Ft

23% Below List Price

207 Days on Market

Highlights

  • Guest House
  • Wine Cellar
  • RV Access or Parking
  • North Hillsborough School Rated A
  • Cabana
  • Primary Bedroom Suite

About This Home

As of July 2018

Discreetly situated along the fairways of a private country club this magnificent compound presents Classic Mediterranean architecture on approximately 2.5 acres of a secured estate. The magnificent gardens are landscaped in the formal French manner surrounding the main residence, the guesthouse/office and estate manager's quarters.

Last Agent to Sell the Property

Anne Riley

Compass License #00859837 Listed on: 04/08/2012

Last Buyer's Agent

Stanley Lo

Green Banker Realty License #00874415

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $183,400

Year Built

  • Built in 1924

Lot Details

  • Security Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Zoning described as R100

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 11,090 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Central Vacuum
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Window Treatments
  • Bay Window
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Library
  • Recreation Room
  • Bonus Room
  • Solarium
  • Storage Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Room
  • Eat-In Kitchen
  • Built-In Self-Cleaning Oven
  • Indoor Grill
  • Cooktop
  • Microwave
  • Freezer
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Granite
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Sunken Shower or Bathtub
  • Maid or Guest Quarters
  • Bidet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Intercom
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • Detached Garage
  • 2 Carport Spaces
  • Garage Door Opener
  • Guest Parking
  • Off-Street Parking
  • RV Access or Parking

Pool

  • Cabana
  • In Ground Pool
  • Gas Heated Pool
  • Outdoor Pool
  • Spa
  • Pool Sweep

Outdoor Features

  • Covered Patio or Porch

Additional Homes

  • Guest House
  • Dwelling with Separate Living Area

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Well
  • Water Softener is Owned
  • Sewer Within 50 Feet
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 028-210-060

Home Details

Home Type

Single Family

Est. Annual Taxes

$183,400

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean
  • Age: 89
  • Sale Price Per Sq Ft: 892.70
  • Level Street Main: 2 or more Primary Suites, Bedroom(s)
  • Listing Class: Residential
  • Structure Sq Ft: 11090
  • Incorporated: Yes
  • Map Book Page: 728
  • Map Side Coordinate: 7
  • Map Top Coordinate: E
  • Thomas Bros Page: 728
  • Thomas Brothers: E7
  • Year Built: 1924
  • Zoning Description: R100
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Living Room, Primary Bedroom, Wood Burning, Free Standing, Gas Starter, Yes
  • Dining Room: Formal Dining Room, Breakfast Room, Breakfast Nook, Eat in Kitchen
  • Kitchen: Cooktop, Garbage Disposal, Freezer, Dishwashers - 2+, Microwave, Ovens - 2+, Oven - Self Cleaning, Trash Compactor, Refrigerators - 2+, Oven Range - Built-In, 220 Volt Outlet, Hookups - Gas
  • Living Sq Ft: 11090
  • Stories: 3
  • Security: Security Alarm - Owned, Fire Alarm, Fire System - Sprinkler, Security Fence
  • Bedrooms: Primary Suite / Retreate - 2+, Ground Floor Bedroom
  • Laundry: In Laundry Room, Dryer, Washer, 220 Volt Outlet
  • Flooring: Carpet - Area, Tile, Carpet - Wall to Wall, Granite, Hardwood, Marble
  • Additional Rooms: Bonus / Hobby Room, Library, Rec/Rumpus Room, Formal Entry, Basement - Full, Guest House, Guest Quarters, Separate Living Unit, Solarium, Wine Cellar / Storage, Storage
  • Maximum Bathrooms: 7
  • Maximum Numberof Bedrooms: 6
  • Minimum Bathrooms: 7
  • Minimum Numberof Bedrooms: 6
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Bathroom: Showers over Tubs - 2+, Tubs - 2+, Stall Shower - 2+, Sunken Tub, Tub in Primary Bedroom, Tub with Jets, Bidet

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Spa / Hot Tub, In Ground Concrete, Pool - Sweep, Cabana / Dressing Room, Heated - Gas, Pool - Yes
  • Roof: Tar and Gravel, Tile
  • Yard/Grounds: Patio(s), Patio(s)/Deck(s) - Covered, Tennis Court(s) - Possible, Sprinkler(s) - Front, Sprinkler(s) - Rear, Sprinklers - Auto, Fenced
  • Pool: Yes
  • Exterior: Stucco

Garage/Parking

  • Garage Min: 3
  • Garage Parking Features: Detached Garage, Gate / Door Opener, Guest / Visitor Parking, Off-Street Parking, RV/Boat Parking
  • Carport Min: 2

Utilities

  • Cooling System: Central AC
  • Heating System: Heating - 2+ Zones, Gas - Natural, Forced Air
  • Sewer/Septic System: Sewer or Septic Inspection Req'd, Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Window Covering(s), Double Pane Windows(s), High Ceiling, BBQ - Indoor, Vaulted Ceiling, Wet Bar, Bay Window, Built-in Vacuum

Schools

  • School District: San Mateo Union High

Lot Info

  • Parcel Number: 028-210-060
  • List Price per Sq Ft: 946.80
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 101930.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 101930.00
  • Lot Size Area Min Search: 101930.00
  • Maximum Lot Size: 101930.00
  • Map Book: Thomas Bros

Green Features

  • Energy Features: Double Pane Windows, Skylight, Skylight Tube(s)

Multi Family

  • Maximum Building Height: 3
  • Minimum Building Height: 3

MLS Schools

  • High School District Text: San Mateo Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2017
Closed on
Jun 28, 2018
Sold by
Wang Lu Frank Nong and Wang Lu Rene Yan
Bought by
Adakite 1031 Llc
Seller's Agent
Stanley Lo
Green Banker Realty
Buyer's Agent
Stanley Lo
Green Banker Realty
List Price
$19,880,000
Sold Price
$14,300,000
Premium/Discount to List
-$5,580,000
-28.07%
Current Estimated Value
$11,511,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,788,564
Avg. Annual Appreciation
-2.97%
Original Mortgage
$5,850,000
Interest Rate
4.55%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 8, 2012
Closed on
Feb 11, 2013
Sold by
1868 Floribunda Avenue Associates Llc
Bought by
Wang Lu Frank Nong and Wang Lu Rene Yan
Seller's Agent
Anne Riley
Compass
Buyer's Agent
Stanley Lo
Green Banker Realty
List Price
$12,800,000
Sold Price
$9,900,000
Premium/Discount to List
-$2,900,000
-22.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$9,900,000
Interest Rate
3.32%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 23, 2007
Sold by
Lum Leo K W
Bought by
1868 Floribunda Avenue Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,800,000
Interest Rate
7.55%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 15, 2003
Sold by
Lum Leo K W and Wong Betty
Bought by
1868 Floribunda Avenue Associates Llc

Purchase Details

Closed on
Jan 30, 1997
Sold by
Lum Leo K W and Wong Betty
Bought by
Lum Leo K W and Wong Betty

Purchase Details

Closed on
Dec 15, 1995
Sold by
Lum Leo K W
Bought by
Lum Leo K W and Wong Betty

Purchase Details

Closed on
Sep 7, 1995
Sold by
Ducato John B
Bought by
Lum Leo K W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.88%

Purchase Details

Closed on
Feb 8, 1995
Sold by
Kuechler Henry N and Kuechler Alice Christine
Bought by
Ducato John B
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $14,300,000 Chicago Title Co
Grant Deed $9,900,000 North American Title Co Inc
Grant Deed -- None Available
Grant Deed -- Fidelity National Title Co
Grant Deed -- --
Interfamily Deed Transfer -- Old Republic Title Company
Gift Deed -- --
Grant Deed $2,650,000 Old Republic Title Ins Co
Quit Claim Deed -- First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $2,500,000 Credit Line Revolving
Open $6,045,000 New Conventional
Closed $6,010,000 Adjustable Rate Mortgage/ARM
Closed $5,850,000 Adjustable Rate Mortgage/ARM
Previous Owner $9,900,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $9,800,000 Negative Amortization
Previous Owner $2,000,000 Credit Line Revolving
Previous Owner $1,750,000 Credit Line Revolving
Previous Owner $7,000,000 Unknown
Previous Owner $10,000,000 Unknown
Previous Owner $7,700,000 Credit Line Revolving
Previous Owner $2,500,000 Credit Line Revolving
Previous Owner $1,500,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2022 02/02/22 Rented $65,000 -13.3% --
02/02/2022 02/02/22 Under Contract -- -- --
02/02/2022 02/02/22 For Rent $75,000 0.0% --
07/11/2018 07/11/18 Sold $14,300,000 -10.5% $1,289 / Sq Ft
06/16/2018 06/16/18 Pending -- -- --
01/12/2018 01/12/18 Price Changed $15,980,000 -19.6% $1,441 / Sq Ft
09/05/2017 09/05/17 For Sale $19,880,000 +100.8% $1,793 / Sq Ft
02/15/2013 02/15/13 Sold $9,900,000 -5.7% $893 / Sq Ft
11/01/2012 11/01/12 Pending -- -- --
10/23/2012 10/23/12 Price Changed $10,500,000 -18.0% $947 / Sq Ft
10/01/2012 10/01/12 For Sale $12,800,000 +29.3% $1,154 / Sq Ft
10/01/2012 10/01/12 Off Market $9,900,000 -- --
04/08/2012 04/08/12 For Sale $12,800,000 -- $1,154 / 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 $183,400 $16,188,405 $9,481,910 $6,706,495
2023 $183,400 $15,559,792 $9,113,717 $6,446,075
2022 $173,193 $15,254,700 $8,935,017 $6,319,683
2021 $169,956 $14,955,590 $8,759,821 $6,195,769
2020 $167,201 $14,802,240 $8,670,000 $6,132,240
2019 $161,355 $14,300,000 $8,500,000 $5,800,000
2018 $120,936 $10,714,385 $7,467,602 $3,246,783
2017 $119,254 $10,504,300 $7,321,179 $3,183,121
2016 $116,465 $10,298,334 $7,177,627 $3,120,707
2015 $115,150 $10,143,645 $7,069,813 $3,073,832
2014 $112,356 $9,944,946 $6,931,326 $3,013,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81212843

MLSListings

APN: 028-210-060