217 Madison Ave Redwood City, CA 94061
Roosevelt NeighborhoodEstimated payment $12,386/month
Total Views
191
8
Beds
5
Baths
3,783
Sq Ft
$555
Price per Sq Ft
Highlights
- Solar Power System
- City View
- 3 Car Detached Garage
- Sequoia High School Rated A
- French Architecture
- Coin Laundry
About This Home
Large and Prestigious Multi Unit Residential Building in very Convenient Location: walk to Whole Foods, Starbucks and Redwood City Downtown entertainment, Shops and Restaurants, Bus and Train Station nearby. Value of 3 Garages plus extra storage space, Coin Laundry Room, Two 2 Bedroom apartments Plus a Spacious 4 Bedroom 3 Bathroom ground floor Unit big enough for extended family and friends- The large ground floor unit Produces 2 Rent payments and the upstairs Two 2 Bedroom Units Produces 2 more Rent payments! A Very Good annual gross income.. And there is Solar on the Roof; Save$ Big Time! Here you can have good income and a place you may arrange to stay, if needed. A Great first Investment!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,594
Year Built
- 1969
Parking
- 3 Car Detached Garage
- Garage Door Opener
Home Design
- Triplex
- French Architecture
- Wood Frame Construction
- Rolled or Hot Mop Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,783 Sq Ft Home
- 2-Story Property
- City Views
- Electric Oven
- Washer and Dryer
Utilities
- Vented Exhaust Fan
- Heating System Uses Gas
- Separate Meters
- 220 Volts
- Individual Gas Meter
Additional Features
- Solar Power System
- 5,201 Sq Ft Lot
Listing and Financial Details
Community Details
Building Details
- 3 Leased Units
- Insurance Expense $3,431
- Maintenance Expense $5,000
- Other Expense $600
- Utility Expense $3,000
- Trash Expense $9,600
- Operating Expense $33,225
- Gross Income $126,783
Additional Features
- 3,783 Sq Ft Building
- Coin Laundry
Map
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Home Values in the Area
Average Home Value in this Area
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 | $11,594 | $1,059,016 | $529,508 | $529,508 |
| 2023 | $11,594 | $1,017,896 | $508,948 | $508,948 |
| 2022 | $10,884 | $997,938 | $498,969 | $498,969 |
| 2021 | $10,779 | $978,372 | $489,186 | $489,186 |
| 2020 | $10,635 | $968,340 | $484,170 | $484,170 |
| 2019 | $10,596 | $949,354 | $474,677 | $474,677 |
| 2018 | $10,329 | $930,740 | $465,370 | $465,370 |
| 2017 | $10,218 | $912,492 | $456,246 | $456,246 |
| 2016 | $10,050 | $894,600 | $447,300 | $447,300 |
| 2015 | $9,676 | $881,164 | $440,582 | $440,582 |
| 2014 | $9,491 | $863,904 | $431,952 | $431,952 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | For Sale | $2,100,000 | -- | $555 / Sq Ft |
Source: MLSListings
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | $860,000 | Chicago Title Company | |
| Grant Deed | $850,000 | Fidelity National Title | |
| Grant Deed | $730,000 | Fidelity | |
| Interfamily Deed Transfer | -- | Fidelity | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $815,650 | New Conventional | |
| Closed | $765,000 | New Conventional | |
| Closed | $676,200 | New Conventional | |
| Closed | $670,000 | New Conventional | |
| Closed | $645,000 | New Conventional | |
| Previous Owner | $646,750 | Unknown | |
| Previous Owner | $637,500 | Purchase Money Mortgage | |
| Previous Owner | $547,500 | Stand Alone First | |
| Closed | $42,500 | No Value Available |
Source: Public Records
Similar Homes in Redwood City, CA
Source: MLSListings
MLS Number: ML82013379
APN: 053-062-090
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