$14,300,000
SOLD JUL 11, 2018

1868 Floribunda Ave Hillsborough, CA 94010

6 Beds
10 Baths
11,090 Sq Ft
2.34 Acres

Recently Sold

$1,289 Per Sq Ft

28% Below List Price

283 Days on Market

Highlights

  • Guest House
  • Solar Heated In Ground Pool
  • 2.34 Acre Lot
  • North Hillsborough School Rated A
  • Granite Flooring
  • French Architecture

About This Home

As of July 2018

A TRULY MAGNIFICENT ESTATE LOCATED IN LOWER HILLSBOROUGH SITUATED ON A 2.5 ACRE LOT. FEATURING A LUXURIOUS MASTER SUITE, ROYAL LIVING ROOM, 2 STORY KITCHEN PLUS 2ND KITCHEN FOR DAILY COOKING, 4 BUILDINGS TOTAL, MAIN HOUSE PLUS GUEST HOUSE, PLUS MAN CAVE BUILDING, PLUS POOL HOUSE AND FINALLY A HOBBY BUILDING. THERE IS A POND AND A BOCCE BALL AREA. THERE IS A PANORAMIC VIEW OF GOLF COURSE A GOURMET KITCHEN, A SPARKLING POOL WITH POOL HOUSE, 7 CAR DETACHED GARAGE, AND EXQUISITE CRAFTSMANSHIP THROUGHOUT.!

Last Agent to Sell the Property

Stanley Lo

Green Banker Realty License #00874415 Listed on: 09/05/2017

Last Buyer's Agent

Stanley Lo

Green Banker Realty License #00874415 Listed on: 09/05/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $183,400

Year Built

  • Built in 1924

Lot Details

  • 2.34 Acre Lot
  • Security Fence
  • Level Lot
  • Sprinklers on Timer
  • Back Yard
  • Zoning described as R10025

Parking

  • 7 Car Detached Garage
  • Garage Door Opener

Home Design

  • French Architecture
  • Foundation Moisture Barrier
  • Ceiling Insulation
  • Slate Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 11,090 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • 3 Fireplaces
  • Fireplace With Gas Starter
  • Separate Family Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Attic Fan
  • Washer and Dryer Hookup

Kitchen

  • Built-In Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Sustainable
  • Granite
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Bidet
  • Low Flow Toliet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Steam Shower
  • Garden Bath
  • Walk-in Shower

Home Security

  • Intercom
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Solar Heated In Ground Pool
  • Balcony

Utilities

  • Central Air
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter
  • Cable TV Available

Additional Features

  • Air Purifier
  • Guest House

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

Parking

7

Listing Details

  • Subclass: Single Family Home
  • Style: French
  • Age: 93
  • Listing Class: Residential
  • Structure Sq Ft: 11090
  • Incorporated: Yes
  • Year Built: 1924
  • Zoning Description: R10025
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Starter
  • Dining Room: Breakfast Room, Formal Dining Room
  • Kitchen: Cooktop - Gas, Dishwasher, Freezer, Garbage Disposal, Hookups - Gas, Microwave, Oven - Built-In, Oven - Self Cleaning, Oven Range - Built-In, Pantry, Refrigerator, Trash Compactor
  • Living Sq Ft: 11090
  • Stories: 2
  • Security: Fire Alarm, Fire System - Sprinkler, Security Fence
  • Laundry: Hookups Only
  • Flooring: Granite, Hardwood, Marble, Sustainable Materials
  • Additional Rooms: Bonus / Hobby Room, Den / Study / Office, Guest House
  • Fireplaces Min: 3
  • Maximum Numberof Bedrooms: 6
  • Minimum Numberof Bedrooms: 6
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Bathroom: Bidet, Shower and Tub, Stall Shower, Steam Shower, Sunken / Garden Tub, Tub, Tub with Jets
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Foundation Moisture Barrier
  • Pool Description: Heated - Solar, Pool - In Ground
  • Roof: Slate
  • Yard/Grounds: Back Yard, Balcony / Patio, Sprinklers - Auto
  • Pool: Yes
  • Fencing: Fenced
  • Construction Type: Reclaimed Materials

Garage/Parking

  • Garage Spaces: 7
  • Garage Max: 7
  • Garage Min: 7
  • Garage Parking Features: Detached Garage, Gate / Door Opener

Utilities

  • Cooling System: Central AC
  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Air Purifier, Wet Bar

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 028-210-060
  • Lot Acres: 2.3400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 101930.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 101930.00

Green Features

  • Energy Features: Attic Fan, Ceiling Insulation, Energy Star Appliances, Low Flow Toilet

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

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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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 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: ML81676493

MLSListings

APN: 028-210-060