NOT LISTED FOR SALE

Estimated Value: $2,157,000 - $2,544,000

9 Beds
9 Baths
5,756 Sq Ft
$405/Sq Ft Est. Value

Last Sold October 28, 2020

Last sale price $1,750,000 $304 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $14,612/month

15 Days on Market

Highlights

  • Property is near a park
  • Corner Lot
  • Central Heating and Cooling System
  • Minnie Gant Elementary School Rated A
  • Laundry Room
  • 5-minute walk to Whaley Park

About This Home

As of October 2020

Great corner location. Close to amenities & parks. Front unit can be a owner's unit (2-story, 3 bedroom, 2.5 bath, dining area, fireplace & entry from 2-car garage). All units have a patio or balcony, central heat & air, dishwasher, stove, ample storage, 2-car garage with opener & washer/dryer hookups. Three of the rentals include a washer/dryer. All upper units have cathedral ceilings in the living area. Rents are below market with good upside potential. Please do not disturb tenants.

Last Agent to Sell the Property

Frank Prior

Park Estates Realty License #00514294 Listed on: 08/21/2020

Last Buyer's Agent

Frank Prior

Park Estates Realty License #00514294 Listed on: 08/21/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,152

Year Built

  • Built in 1989

Lot Details

  • 7,443 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Sprinkler System
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener

Home Design

  • Property Attached

Interior Spaces

  • 5,756 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Location

  • Property is near a park
  • Urban Location

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 57
  • Tax Tract Number 14788
  • Assessor Parcel Number 7225005001

Community Details

Overview

  • 4 Units
  • Los Altos/South Of Fwy Subdivision

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,275

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,152

Year Built

Built in 1989

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Los Altos/South of Fwy (LSF)
  • Property Type: Residential Income
  • Parcel Number: 7225005001
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 304.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 7443.00
  • Lot Size Acres: 0.1709
  • Latitude Manual: 33.79281500

Multi Family

  • Gross Income: 5275.00
  • Gross Scheduled Income: 5275.00
  • Lot Size Area: 7443.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 1
  • Rent Control: Yes

Tax Info

  • Tax Lot: 57
  • Tax Tract Number: 14788

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2020
Closed on
Sep 18, 2020
Sold by
Rhine Sandra L
Bought by
Barnes Drew T
Seller's Agent
Frank Prior
Park Estates Realty
Buyer's Agent
Frank Prior
Park Estates Realty
List Price
$1,875,000
Sold Price
$1,750,000
Premium/Discount to List
-$125,000
-6.67%
Current Estimated Value
$2,330,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$580,311
Avg. Annual Appreciation
5.49%
Original Mortgage
$1,344,000
Outstanding Balance
$1,198,695
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,072,092

Purchase Details

Closed on
Sep 22, 1993
Sold by
The Roman Catholic Archbishop Of Los Ang
Bought by
Prior Frank
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
Barnes Drew T $1,750,000 Ticor Title Company
Rhine Sandra L -- Ticor Title Company
Prior Frank $75,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnes Drew T $400,000
Open Barnes Drew T $1,344,000
Previous Owner Prior Frank E $551,250
Previous Owner Prior Frank E $717,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2020 10/28/20 Sold $1,750,000 -6.7% $304 / Sq Ft
09/05/2020 09/05/20 Pending -- -- --
08/21/2020 08/21/20 For Sale $1,875,000 -- $326 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $24,152 $1,894,254 $1,190,674 $703,580
2024 $24,152 $1,857,113 $1,167,328 $689,785
2023 $23,753 $1,820,700 $1,144,440 $676,260
2022 $22,291 $1,785,000 $1,122,000 $663,000
2021 $21,844 $1,750,000 $1,100,000 $650,000
2019 $8,978 $660,540 $149,119 $511,421
2018 $8,655 $647,590 $146,196 $501,394
2016 $7,930 $622,445 $140,520 $481,925
2015 $7,623 $613,097 $138,410 $474,687
2014 $7,583 $601,088 $135,699 $465,389
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20172020

California Regional Multiple Listing Service (CRMLS)

APN: 7225-005-001