NOT LISTED FOR SALE

Estimated Value: $1,509,417 - $2,027,000

8 Beds
4 Baths
2,970 Sq Ft
$606/Sq Ft Est. Value

Last Sold May 12, 2017

Last sale price $1,352,000 $455 Per Sq Ft

103 Days on Market

Highlights

  • Forced Air Heating System
  • Fenced
  • Carpet
  • Highlands Elementary School Rated A-
  • Level Lot
  • 4-minute walk to Martin Luther King Community Park

About This Home

As of May 2017

Valuable triplex in great condition and in a great neighborhood!! Property is in overall good habitable condition and well maintained. Make offer 'contingent' upon viewing. Thank you!! Please call agent for more info.

Last Agent to Sell the Property

Melissa Harris

Real Estate Ebroker Inc License #01368011 Listed on: 01/10/2017

Last Buyer's Agent

David Lobato

Corcoran Icon Properties License #01434478

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,178

Year Built

  • 1964

Lot Details

  • 7,362 Sq Ft Lot
  • Fenced
  • Level Lot

Parking

  • 2 Car Garage
  • 1 Carport Space
  • On-Street Parking

Home Design

  • Triplex
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Masonry

Interior Spaces

  • 2,970 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $18,000

Community Details

Overview

  • 2,970 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $800
  • Operating Expense $5,800
  • Gross Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,178

Year Built

1964

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0003
  • Subclass: Triplex
  • Age: 53
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2970
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 2970
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet

Exterior Features

  • Foundation: Raised
  • Roof: Composition, Shingle
  • Yard/Grounds: Fenced
  • Construction Type: Masonry, Wood

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Common Parking Area, On Street, Varies By Unit
  • Carport Min: 1

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1690
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7350.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7350.00

Rental Info

  • Existing Lease Term(s): Lease(s)
  • Gross Rent Multiplier: 83.33
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 800
  • Expenses Total: 5800
  • Income Annual Gross: 16200.00
  • Income Annual Rental: 18000
  • Income Gross Scheduled: 18000
  • Income Includes: Lease, Mgrs Unit Rental, Owners Unit Rental
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Cable Tv, Telephone, Utilities
  • Tenant Expenses: Rent Only, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2021
Sold by
Chavez Marco and Chavez Marco
Bought by
Chavez Marco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,222,000
Outstanding Balance
$1,112,133
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2018
Sold by
1350 1450 East Scotts Llc
Bought by
Chavez Marco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,874
Interest Rate
4.4%
Mortgage Type
Unknown

Purchase Details

Listed on
Jan 10, 2017
Closed on
May 11, 2017
Sold by
Times Rita Alice Haysbert and The Gladys Minor Haysbert Trus
Bought by
1350-1450 East Scotts Llc and Belmont Lot Llc
Seller's Agent
Melissa Harris
Real Estate Ebroker Inc
Buyer's Agent
David Lobato
Corcoran Icon Properties
List Price
$1,999,999
Sold Price
$1,352,000
Premium/Discount to List
-$647,999
-32.4%

Purchase Details

Closed on
Dec 20, 2005
Sold by
Haysbert Gladys M
Bought by
Haysbert Gladys Minor
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chavez Marco -- First American Title Company
Chavez Marco $1,390,000 Fidelity National Title
1350-1450 East Scotts Llc $1,352,000 Fidelity National Title Co
Haysbert Gladys Minor -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Marco $1,222,000
Closed Chavez Marco $315,874
Closed Chavez Marco $1,051,875
Previous Owner Times Rita Alice Haysbert $938,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2017 05/12/17 Sold $1,352,000 -9.9% $455 / Sq Ft
04/24/2017 04/24/17 Pending -- -- --
03/02/2017 03/02/17 Price Changed $1,500,000 -25.0% $505 / Sq Ft
01/10/2017 01/10/17 For Sale $1,999,999 -- $673 / 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 $26,178 $1,670,526 $1,198,327 $472,199
2023 $26,178 $1,605,662 $1,151,796 $453,866
2022 $25,178 $1,574,180 $1,129,213 $444,967
2021 $25,214 $1,543,315 $1,107,072 $436,243
2020 $23,692 $1,527,492 $1,095,721 $431,771
2019 $22,752 $1,497,543 $1,074,237 $423,306
2018 $19,753 $1,379,040 $1,208,700 $170,340
2017 $4,192 $149,818 $34,853 $114,965
2016 $4,487 $146,881 $34,170 $112,711
2015 $4,649 $144,675 $33,657 $111,018
2014 $4,190 $141,842 $32,998 $108,844
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81635139

MLSListings

APN: 032-213-070