NOT LISTED FOR SALE

225 9th Ave Unit 325 San Mateo, CA 94401

Downtown San Mateo Neighborhood

Estimated Value: $1,280,000 - $1,683,000

2 Beds
2 Baths
1,693 Sq Ft
$672/mo HOA Fee

Last Sold February 01, 2018

Last sale price $1,360,000 $803 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $10,560/month

100 Days on Market

Highlights

  • Fitness Center
  • Unit is on the top floor
  • 1.19 Acre Lot
  • Borel Middle School Rated A-
  • Primary Bedroom Suite
  • Wood Flooring

About This Home

As of February 2018

Stunning SF-style top floor 2 Bedroom suites + loft, 2 bath Townhouse-style condo in the heart of downtown San Mateo! Dramatic 19 foot ceilings. Largest 2 Bedroom floor plan in the building! Elegantly appointed with new engineered hardwood flooring, new paint & designer finishes throughout. Fully equipped Chef's kitchen with granite countertops & SS appliances. Master bedroom suite on 2nd level featuring walk-in closets & luxuriously appointed spa-like bathroom with marble floors, marble-tile shower & a separate tub. Fireplace in living room. Loft/family room/office on 2nd level. In-unit Laundry room with washer & dryer. Central AC & Heating. Approx. 65 sq.ft. bonus walk-in closet/storage on 2nd level NOT included in unit sq.ft. 2 deeded spots in gated underground garage with extra storage cabinets. Gym. Courtyards with fountains & cascading waterfalls. Ideal location next to central park, downtown shopping & fine dining. Walk to Caltrain station. A true move-in-ready must see home!

Last Agent to Sell the Property

Abe Matar

Landmark Real Estate Services License #01417693 Listed on: 01/17/2018

Last Buyer's Agent

Abe Matar

Landmark Real Estate Services License #01417693 Listed on: 01/17/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,002

Year Built

  • Built in 2006

Lot Details

  • 1.19

HOA Fees

  • $672 Monthly HOA Fees

Parking

  • 2 Carport Spaces
  • Subterranean Parking
  • Garage Door Opener
  • Secured Garage or Parking

Home Design

  • Flat Roof Shape
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,693 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Gas Log Fireplace
  • Double Pane Windows
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Intercom

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Location

  • Unit is on the top floor

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 123-540-440

Community Details

Overview

  • Association fees include common area electricity, common area gas, decks, exterior painting, garbage, hot water, insurance, landscaping / gardening, maintenance - common area, management fee, reserves, roof, water / sewer
  • 55 Units
  • Nazareth Plaza HOA
  • Built by Nazareth Plaza

Amenities

  • Trash Chute
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$19,002

Year Built

Built in 2006

Lot Details

0

HOA Fees

$672 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Restrictions: Pets - Number Restrictions, Pets - Rules
  • Age: 12
  • Listing Class: Residential
  • Maximum Unit Floor Number: 3
  • Max Numberof Unitsin Building: 54
  • Min Numberof Unitsin Complex: 55
  • Structure Sq Ft: 1693
  • Complex Name: Nazareth Plaza
  • Year Built: 2006
  • Zoning Description: Condo
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Log, Living Room
  • Dining Room: Dining Area, No Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Exhaust Fan, Garbage Disposal, Microwave, Oven - Built-In, Refrigerator
  • Living Sq Ft: 1693
  • Stories: 2
  • Security: Secured Garage / Parking
  • Bedrooms: Ground Floor Bedroom, Primary Suite / Retreat, Walk-in Closet
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Den / Study / Office
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Full on Ground Floor, Primary - Stall Shower(s), Shower and Tub, Shower over Tub - 1, Tile, Tub in Primary Bedroom
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Flat / Low Pitch
  • Construction Type: Concrete, Steel

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Gate / Door Opener, Underground Parking
  • Carport Min: 2

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 672
  • HOA Amenities: Elevator, Gym / Exercise Facility, Trash Chute
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Common Area Gas, Decks, Exterior Painting, Garbage, Hot Water, Insurance, Landscaping / Gardening, Maintenance - Common Area, Management Fee, Reserves, Roof, Water / Sewer
  • H O A Name Text: Nazareth Plaza HOA
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-in Closet

Schools

  • School District: San Mateo Union High

Lot Info

  • Parcel Number: 123-540-440
  • Lot Acres: 1.1899
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 51834.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 51834.00

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 4
  • Minimum Building Height: 4
  • Unit Features: Top Floor or Penthouse, Unit Faces Common Area

MLS Schools

  • High School District Text: San Mateo Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2018
Closed on
Feb 1, 2018
Sold by
Sitaram Anant and Murthi Aysswarya
Bought by
Setty Prem and Setty Sreemala
Seller's Agent
Abe Matar
Landmark Real Estate Services
Buyer's Agent
Abe Matar
Landmark Real Estate Services
List Price
$1,295,000
Sold Price
$1,360,000
Premium/Discount to List
$65,000
5.02%
Current Estimated Value
$1,524,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,033
Avg. Annual Appreciation
0.79%

Purchase Details

Closed on
Nov 5, 2016
Sold by
Divakaruni Ajit
Bought by
Sitaram Anant and Murthi Aysswarya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$954,292
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 16, 2015
Closed on
Mar 2, 2016
Sold by
Chou David Kai Ying and Chou Kathy Chien
Bought by
Sitaram Anant and Murthi Aysswarya
Seller's Agent
rephina louie
Berkshire Hathaway HomeServices DrysdaleProperties
Buyer's Agent
Sue Walsh
Compass
List Price
$1,238,888
Sold Price
$1,220,000
Premium/Discount to List
-$18,888
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.79%
Original Mortgage
$966,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 29, 2006
Sold by
Nazareth Plaza Llc
Bought by
Chou David Kai Ying and Chou Kathy Chien

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Setty Prem $1,360,000 Fidelity National Title Co
Sitaram Anant -- None Available
Sitaram Anant $1,220,000 Fidelity National Title Co
Chou David Kai Ying $939,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sitaram Anant $125,000
Previous Owner Sitaram Anant $954,292
Previous Owner Sitaram Anant $966,000
Previous Owner Chou Kathy Chien $417,000
Previous Owner Chou David K $323,000
Previous Owner Chou David Kai Ying $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2018 02/01/18 Sold $1,360,000 +5.0% $803 / Sq Ft
01/24/2018 01/24/18 Pending -- -- --
10/15/2017 10/15/17 For Sale $1,295,000 +6.1% $765 / Sq Ft
03/11/2016 03/11/16 Sold $1,220,000 -1.5% $721 / Sq Ft
02/09/2016 02/09/16 Pending -- -- --
01/28/2016 01/28/16 Price Changed $1,238,000 -0.1% $731 / Sq Ft
11/30/2015 11/30/15 For Sale $1,238,888 +1.5% $732 / Sq Ft
11/23/2015 11/23/15 Off Market $1,220,000 -- --
11/08/2015 11/08/15 For Sale $1,255,000 0.0% $741 / Sq Ft
11/02/2015 11/02/15 Pending -- -- --
10/07/2015 10/07/15 Price Changed $1,255,000 +14.1% $741 / Sq Ft
09/16/2015 09/16/15 For Sale $1,100,000 -- $650 / 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 $19,002 $1,547,443 $466,508 $1,080,935
2023 $19,002 $1,487,356 $448,394 $1,038,962
2022 $18,418 $1,458,193 $439,602 $1,018,591
2021 $18,176 $1,429,602 $430,983 $998,619
2020 $17,595 $1,414,944 $426,564 $988,380
2019 $16,951 $1,387,200 $418,200 $969,000
2018 $15,251 $1,269,287 $380,786 $888,501
2017 $14,707 $1,244,400 $373,320 $871,080
2016 $12,987 $1,083,980 $325,192 $758,788
2015 $11,743 $970,000 $290,500 $679,500
2014 $10,228 $850,000 $254,500 $595,500
Source: Public Records

Agents Affiliated with this Home

  • Abe Matar

    Seller's Agent in 2018

    Abe Matar

    Landmark Real Estate Services

    (650) 670-0890

    4 in this area

    40 Total Sales

    Section Image

  • r

    Seller's Agent in 2016

    rephina louie

    BHHS Drysdale

    Section Image

  • S

    Buyer's Agent in 2016

    Sue Walsh

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81689218

MLSListings

APN: 123-540-440

California San Mateo County San Mateo 94401 Downtown San Mateo

225 9th Ave Unit 325, San Mateo, CA

This home is located at 225 9th Ave Unit 325, San Mateo, CA 94401 since 17 January 2018 and is currently estimated at $1,529,308, approximately $903 per square foot. This property was built in 2006. 225 9th Ave Unit 325 is a home located in San Mateo County with nearby schools including Sunnybrae Elementary School, Borel Middle School, and Aragon High School.

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