NOT LISTED FOR SALE

199 State St San Mateo, CA 94401

North Central Neighborhood

Estimated Value: $2,092,000 - $3,638,946

8 Beds
3 Baths
4,450 Sq Ft
$621/Sq Ft Est. Value

Last Sold May 30, 2013

Last sale price $1,767,000 $397 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $16,660/month

12 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Balcony
  • Borel Middle School Rated A-
  • Neighborhood Views
  • Building Patio

About This Home

As of May 2013

Ideal location--large home 4/2.5/2--3000sq 2 car garage---large lot over 6,900sq.ft/also below market rents on 2/1/1 units all on month to month

Last Agent to Sell the Property

Patrick Sullivan

Liberty Realty License #00687571 Listed on: 05/07/2013

Last Buyer's Agent

Peggy C. Le doux

Compass License #00716371

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1979

Lot Details

  • Sprinkler System

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 4,450 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Laundry

  • Laundry in Garage
  • Gas Dryer Hookup

Parking

  • Garage
  • Private Parking
  • Garage Door Opener
  • Guest Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $70,740
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 4,450 Sq Ft Building
  • Car Wash Area

Amenities

  • Building Patio
  • Community Barbecue Grill

Building Details

  • Gardener Expense $1,000
  • Insurance Expense $1,200
  • Operating Expense $19,017
  • Gross Income $70,740

Property Details

Home Type

Multi-Family

Year Built

1979

Lot Details

6,926 Sq Ft Lot

Listing Details

  • Zoning: RM00
  • Subclass: Triplex
  • Inspections Reports: Pest Control
  • Sale Price Per Sq Ft: 397.08
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 4450
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1979

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 4450
  • Stories: 2
  • Laundry: 220 Volt Outlet, Washer/Dryer - All Units, Gas Hookup, In Garage
  • Flooring: Carpet - Area, Wood, Hardwood, Carpet

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Sprinklers - Lawn, Balcony / Patio, Deck

Garage/Parking

  • Garage Parking Features: Gate / Door Opener, Private / Exclusive, Guest / Visitor Parking, Spaces Per Unit - 1, Off-Street Parking

Utilities

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

Condo/Co-op/Association

  • HOA Amenities: Patio - Common, Bbq Area, Car Wash Area

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6900.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6900.00
  • Lot Size Area Min Search: 6900.00
  • Maximum Lot Size: 6900.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.13

Multi Family

  • Expense Insurance: 1200
  • Expense Landscape: 1000
  • Expenses Total: 19017
  • Expense Water Sewer: 99
  • Income Annual Gross: 70740.00
  • Income Annual Rental: 70740
  • Income Gross Scheduled: 70740
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Utilities - Water
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2013
Closed on
May 24, 2013
Sold by
Stroschein Dean and Stroschein Janelle
Bought by
State & Highland Llc
Seller's Agent
Patrick Sullivan
Liberty Realty
Buyer's Agent
Peggy C. Le doux
Compass
List Price
$1,495,000
Sold Price
$1,767,000
Premium/Discount to List
$272,000
18.19%
Current Estimated Value
$2,765,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$998,237
Avg. Annual Appreciation
3.56%

Purchase Details

Closed on
Jan 7, 2010
Sold by
Stroschein Dean
Bought by
Stroschein Dean and Stroschein Janelle

Purchase Details

Closed on
Nov 17, 2004
Sold by
Welch John H and Welch Constance S
Bought by
Stroschein Dean

Purchase Details

Closed on
Jul 16, 2004
Sold by
Welch Constance Stone
Bought by
Welch John H and Welch Constance S

Purchase Details

Closed on
Nov 21, 2002
Sold by
Welch J
Bought by
Welch Constance S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2002
Sold by
Doherty Hugh and Doherty Anne
Bought by
Phillips Louise E and Welch Constance S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
State & Highland Llc $1,767,000 Old Republic Title Company
Stroschein Dean -- Old Republic Title Company
Stoschein Jannelle -- Old Republic Title Company
Stroschein Dean -- None Available
Stroschein Dean $1,410,000 First American Title Company
Welch John H -- --
Welch Constance S -- Stewart Title Of California
Phillips Louise E $1,300,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillips Louise E $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2013 05/30/13 Sold $1,767,000 +18.2% $397 / Sq Ft
05/19/2013 05/19/13 Pending -- -- --
05/07/2013 05/07/13 For Sale $1,495,000 -- $336 / Sq Ft
Source: MLSListings

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 $29,146 $2,175,922 $1,087,961 $1,087,961
2023 $29,146 $2,091,430 $1,045,715 $1,045,715
2022 $28,073 $2,050,422 $1,025,211 $1,025,211
2021 $27,530 $2,010,218 $1,005,109 $1,005,109
2020 $26,216 $1,989,606 $994,803 $994,803
2019 $25,295 $1,950,596 $975,298 $975,298
2018 $24,183 $1,912,350 $956,175 $956,175
2017 $23,134 $1,874,854 $937,427 $937,427
2016 $22,913 $1,838,094 $919,047 $919,047
2015 $22,196 $1,810,486 $905,243 $905,243
2014 $22,050 $1,775,022 $887,511 $887,511
Source: Public Records

Agents Affiliated with this Home

  • Patrick Sullivan

    Seller's Agent in 2013

    Patrick Sullivan

    Liberty Realty

    (650) 274-8284

    8 Total Sales

    Patrick Sullivan
    Section Image
  • Peggy C. Le doux

    Buyer's Agent in 2013

    Peggy C. Le doux

    Compass

    (650) 678-0515

    12 Total Sales

    Peggy C. Le doux
    Section Image
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Map

Source: MLSListings

MLS Number: ML81315528

MLSListings

APN: 032-113-160

California San Mateo County San Mateo 94401 North Central

199 State St, San Mateo, CA

Not Listed for Sale

MultiFamily

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