NOT LISTED FOR SALE

Estimated Value: $2,236,000 - $2,524,438

8 Beds
4 Baths
4,560 Sq Ft
$531/Sq Ft Est. Value

Sale Details

Date Sold: January 17, 2025

Last sale price $2,450,000 $537 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $15,563 / mo

2 Days on Market

Highlights

  • Contemporary Architecture
  • Park or Greenbelt View
  • Forced Air Heating System
  • Borel Middle School Rated A-
  • Granite Countertops
  • 2-minute walk to San Mateo Central Park

About This Home

As of January 2025

Fantastic location adjacent to Central Park & walkable to all of the cafes, restaurants, shops the vibrant San Mateo downtown has to offer! Has not been on the market in many years! Two story building with all 2 BR 1 BA units- 2 down & 2 up. Each unit has a Carport & small storage area. Community coin operated washer & dryer. Gas forced air heat in each unit.

Last Agent to Sell the Property

Michelle Glaubert

Coldwell Banker Realty License #00646669 Listed on: 12/24/2024

Coldwell Banker Realty

Last Buyer's Agent

John Chow

W Star Investment Inc License #01159034

Property Details

Home Type

  • Multi-Family

Year Built

  • 1955

Lot Details

  • 6,342 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage
  • 1 Carport Space
  • Off-Street Parking

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Raised Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,560 Sq Ft Home
  • 2-Story Property
  • Park or Greenbelt Views
  • Crawl Space

Kitchen

  • Electric Oven
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $86,280

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Insurance Expense $3,200
  • Maintenance Expense $1,315
  • Manager Expense $6,750
  • Trash Expense $221
  • Operating Expense $19,333
  • Gross Income $86,280

Property Details

Home Type

Multi-Family

Year Built

1955

Lot Details

6,342 Sq Ft Lot

Parking

1

Listing Details

  • Zoning: quad
  • Subclass: Fourplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4560
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Garbage Disposal, Oven Range - Electric, Refrigerator, Varies By Unit
  • Living Sq Ft: 4560
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space, Raised
  • Roof: Composition
  • View: Park
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Carport, Off-Street Parking
  • Carport Min: 1

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1456
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6344.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6344.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 26.95
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3200
  • Expense Maintenance: 1315
  • Expense Management: 6750
  • Expenses Total: 19333
  • Expense Trash: 221
  • Income Annual Gross: 86280.00
  • Income Annual Rental: 86280
  • Income Gross Scheduled: 86280
  • Income Includes: Laundry
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance - Laundry, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 24, 2024
Closed on
Jan 7, 2025
Sold by
Welch Nancy and Barattino Dominic
Bought by
Stacey Ho Trust and Ho
Seller's Agent
Michelle Glaubert
Coldwell Banker Realty
Buyer's Agent
John Chow
W Star Investment Inc
List Price
$2,325,000
Sold Price
$2,450,000
Premium/Discount to List
$125,000
5.38%
Views
3
Current Estimated Value
$2,419,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,890
Avg. Annual Appreciation
-0.99%

Purchase Details

Closed on
May 19, 2024
Sold by
Damele Family Trust and Barattino Dominic
Bought by
Barattino Dominic and Welch Nancy

Purchase Details

Closed on
Jul 20, 2022
Sold by
Damele Family Trust
Bought by
Damele Family Trust
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
Stacey Ho Trust $2,450,000 Old Republic Title
Barattino Dominic -- None Listed On Document
Damele Family Trust -- Anderson Yazdi Hwang Minton Ho
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2025 01/17/25 Sold $2,450,000 +5.4% $537 / Sq Ft
12/27/2024 12/27/24 Pending -- -- --
12/24/2024 12/24/24 For Sale $2,325,000 -- $510 / 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 $33,901 $2,330,496 $1,248,480 $1,082,016
2023 $33,901 $2,240,000 $1,200,000 $1,040,000
2022 $7,847 $180,663 $73,219 $107,444
2021 $7,864 $177,122 $71,784 $105,338
2020 $7,081 $175,306 $71,048 $104,258
2019 $5,830 $171,869 $69,655 $102,214
2018 $5,231 $168,500 $68,290 $100,210
2017 $4,416 $165,197 $66,951 $98,246
2016 $3,585 $161,959 $65,639 $96,320
2015 $3,595 $159,528 $64,654 $94,874
2014 $4,130 $156,404 $63,388 $93,016
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81988962

MLSListings

APN: 034-194-070

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