NOT LISTED FOR SALE

201 Redwood Ave Redwood City, CA 94061

Palm Park Neighborhood

Estimated Value: $1,658,000 - $2,207,337

4 Beds
3 Baths
2,306 Sq Ft
$793/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $1,630,000 $707 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $11,535/month

74 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Washer and Dryer
  • 1-Story Property
  • Woodside High School Rated A

About This Home

As of August 2021

PRICED REDUCED! 201 & 203 Redwood Avenue is a fully renovated Duplex Property ideal for an Investor looking to acquire a Turnkey asset with excellent income or an Owner-Occupier eager to purchase a move-in ready home and enjoy supplemental income from the other unit. The property sits on a 5,500 SF Lot with 2,306 SF of rentable space. The complex is comprised of (1) Two-Bedroom/ One & ½ Bath Home and (1) Two-Bedroom/ One-Bath Home. They are separated by garages (no shared walls) creating a true private home experience. Both Homes have benefitted recently from extensive modern renovations throughout including Quartz Countertops, Stainless Steel Appliances, Hardwood Flooring, Double-Paned Windows and Brand New HVAC Systems with Central Air Conditioning. Both Homes have private in-unit washers & dryers owned by the Landlord.

Last Agent to Sell the Property

Matthew Thomson

Newmark Cornish & Carey License #01471708 Listed on: 05/20/2021

Newmark Cornish & Carey

Last Buyer's Agent

Rumana Jabeen

KW Advisors License #01296366

KW Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,841

Year Built

  • 1954

Lot Details

  • 5,502

Parking

  • 2 Car Garage

Home Design

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

Interior Spaces

  • 2,306 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Additional Features

  • 5,502 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $76,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,440
  • Insurance Expense $1,888
  • Maintenance Expense $800
  • Utility Expense $3,949
  • Operating Expense $25,872
  • Gross Income $76,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,841

Year Built

1954

Lot Details

0

Parking

2

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Age: 67
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2306
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Living Sq Ft: 2306
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Sequoia Union High

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): Less Than 1 Yr
  • Gross Rent Multiplier: 21.22
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1888
  • Expense Landscape: 1440
  • Expense Maintenance: 800
  • Expenses Total: 25872
  • Expenses Utility: 3949
  • Income Annual Gross: 76800.00
  • Income Annual Rental: 76800
  • Income Gross Scheduled: 76800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Aug 19, 2021
Sold by
Putnam Cheryl and Cheryl Putnam 2020 Trust
Bought by
Chandrasekaran Balasubramanian and Krishnan Anupama
Seller's Agent
Matthew Thomson
Newmark Cornish & Carey
Buyer's Agent
Rumana Jabeen
KW Advisors
List Price
$1,680,000
Sold Price
$1,630,000
Premium/Discount to List
-$50,000
-2.98%
Current Estimated Value
$1,828,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,834
Avg. Annual Appreciation
3.50%
Original Mortgage
$1,222,500
Outstanding Balance
$1,117,222
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$752,271

Purchase Details

Closed on
Aug 26, 2020
Sold by
Putnam Cheryl
Bought by
Putnam Cheryl and Cheryl Putnam 200 Revocbale Tr

Purchase Details

Closed on
May 24, 2018
Sold by
Putnam Joseph D and The Joseph D Putnam Trust
Bought by
Putnam Cheryl

Purchase Details

Closed on
Nov 1, 2017
Sold by
Putnam Joseph D
Bought by
Putnam Cheryl

Purchase Details

Closed on
Nov 1, 2013
Sold by
Lynch Kelly J
Bought by
201 Redwood Avenue Llc

Purchase Details

Closed on
Sep 17, 2012
Sold by
Lynch Kelly J
Bought by
Lynch Kelly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Lynch Kelly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
5.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2010
Sold by
Gildo Norma and Gonzalez Ameyra Hernandez
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Oct 7, 2005
Sold by
Anaya Arnold
Bought by
Gildo Norma and Gonzalez Ameyra Hernandez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.67%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 16, 2004
Sold by
Anaya Esperanza
Bought by
Anaya Arnold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,000
Interest Rate
5.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2000
Sold by
Firpo Raymond A
Bought by
Anaya Arnold and Anaya Esperanza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
8.25%
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
Chandrasekaran Balasubramanian $1,630,000 Chicago Title Company
Putnam Cheryl -- None Available
Putnam Cheryl -- None Available
Putnam Cheryl -- None Available
Putnam Joseph D -- None Available
201 Redwood Avenue Llc $788,000 First American Title Company
Lynch Kelly J -- Old Republic Title Company
Lynch Kelly J $596,000 First American Title Company
Hsbc Bank Usa National Association $512,100 First American Title Ins Co
Gildo Norma $805,000 Chicago Title Co
Anaya Arnold -- Ticor Title
Anaya Arnold $600,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chandrasekaran Balasubramanian $1,222,500
Previous Owner Putnam Cheryl $210,650
Previous Owner Putnam Cheryl $255,900
Previous Owner Lynch Kelly J $380,000
Previous Owner Lynch Kelly J $396,000
Previous Owner Gildo Norma $150,000
Previous Owner Gildo Norma $644,000
Previous Owner Anaya Arnold $567,000
Previous Owner Anaya Arnold $499,999
Previous Owner Anaya Arnold $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $1,630,000 0.0% $707 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/20/2021 07/20/21 Price Changed $1,629,550 -3.0% $707 / Sq Ft
05/20/2021 05/20/21 For Sale $1,680,000 -- $729 / 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 $18,841 $1,729,768 $1,231,001 $498,767
2023 $18,841 $1,662,600 $1,183,200 $479,400
2022 $17,682 $1,630,000 $1,160,000 $470,000
2021 $17,836 $1,634,998 $1,126,999 $507,999
2020 $18,057 $1,660,785 $1,145,185 $515,600
2019 $17,989 $1,628,222 $1,122,731 $505,491
2018 $11,164 $1,012,598 $759,014 $253,584
2017 $9,333 $832,318 $665,433 $166,885
2016 $9,177 $815,999 $652,386 $163,613
2015 $8,836 $803,743 $642,587 $161,156
2014 $8,667 $788,000 $630,000 $158,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Matthew Thomson

    Newmark Cornish & Carey

    Section Image
  • Rumana Jabeen

    Buyer's Agent in 2021

    Rumana Jabeen

    KW Advisors

    (650) 743-4503

    1 in this area

    134 Total Sales

    Rumana Jabeen
    Section Image
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Map

Source: MLSListings

MLS Number: ML81844800

MLSListings

APN: 053-282-050

California San Mateo County Redwood City 94061 Palm Park

201 Redwood Ave, Redwood City, CA

This home is located at 201 Redwood Ave, Redwood City, CA 94061 since 20 May 2021 and is currently estimated at $1,828,834, approximately $793 per square foot. This property was built in 1954. 201 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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