NOT LISTED FOR SALE

Estimated Value: $1,604,000 - $2,367,864

5 Beds
4 Baths
2,110 Sq Ft
$865/Sq Ft Est. Value

Last Sold June 22, 2016

Last sale price $1,275,000 $604 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $11,616/month

114 Days on Market

Highlights

  • Granite Countertops
  • Tile Flooring
  • Level Lot
  • Baywood Elementary School Rated A
  • Forced Air Heating System
  • 2-minute walk to Martin Luther King Community Park

About This Home

As of June 2016

Fantastic Duplex Property. Two separate homes on one lot. Rear unit like brand new, front unit remodeled, but in need of cosmetic improvements. Both units lease ... front unit is on m/m and the rear unit has a one year lease. Both homes exteriors will be painted by 4/10/2016.

Last Agent to Sell the Property

Terry Michaud

Heritage Realty License #00365928 Listed on: 12/29/2015

Last Buyer's Agent

Wendy Chen

First National Realty License #01009036

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,333

Year Built

  • 1938

Lot Details

  • 6,447 Sq Ft Lot
  • Level Lot

Parking

  • 3 Car Garage
  • On-Street Parking

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,110 Sq Ft Home
  • 2-Story Property

Kitchen

  • Granite Countertops
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Community Details

  • 2,110 Sq Ft Building
  • 1 Leased Unit

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,333

Year Built

1938

Lot Details

0

Parking

3

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 77
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2110
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1938

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Ceramic, Countertop - Granite, Garbage Disposal, Refrigerator
  • Living Sq Ft: 2110
  • Stories: 2
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Available

Schools

  • School District: San Mateo Union High
  • Elementary School: College Park Elementary
  • Middle School: Bayside Middle
  • High School: San Mateo High
  • High School: 672
  • Elementary School: 1045
  • Middle School: 607

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1480
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6450.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6450.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2015
Closed on
Jun 29, 2016
Sold by
Rafiee Tari Harleen L and Rafiee Tari Nazem D
Bought by
Jung Myron and Jung Alan
Seller's Agent
Terry Michaud
Heritage Realty
Buyer's Agent
Wendy Chen
First National Realty
List Price
$1,275,000
Sold Price
$1,275,000
Current Estimated Value
$1,824,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$549,466
Avg. Annual Appreciation
3.98%

Purchase Details

Closed on
Apr 20, 2010
Sold by
Rafiee Tari Harleen L
Bought by
Rafiee Tari Harleen L and Rafiee Tari Nazem D

Purchase Details

Closed on
Jun 8, 2006
Sold by
Rafiee Tari Nazem D
Bought by
Rafiee Tari Harleen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.95%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 7, 2006
Sold by
Rafiee Tari Harleen L and Harleen L Gladney Living Trust
Bought by
Rafiee Tari Harleen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.95%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 10, 2000
Sold by
Gladney Harleen L
Bought by
Gladney Harleen L and The Harleen L Gladney Living T

Purchase Details

Closed on
Sep 15, 1995
Sold by
Gladney Harleen L and Gladney Harleen
Bought by
Gladney Harleen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.12%
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
Jung Myron $1,275,000 North American Title Co Inc
Rafiee Tari Harleen L -- None Available
Rafiee Tari Harleen L -- North American Title Company
Rafiee Tari Harleen L -- North American Title Company
Gladney Harleen L -- --
Gladney Harleen L -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rafiee Tari Harleen L $650,000
Previous Owner Rafiee Tari Harleen L $650,000
Previous Owner Gladney Harleen L $450,000
Previous Owner Gladney Harleen L $216,000
Previous Owner Gladney Harleen L $195,000
Previous Owner Gladney Harleen L $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2016 06/22/16 Sold $1,275,000 +37959.7% $604 / Sq Ft
04/22/2016 04/22/16 Pending -- -- --
02/10/2016 02/10/16 Rented $3,350 -4.3% --
02/06/2016 02/06/16 For Rent $3,500 0.0% --
12/29/2015 12/29/15 For Sale $1,275,000 -- $604 / 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 $20,333 $1,479,741 $783,393 $696,348
2023 $20,333 $1,422,283 $752,974 $669,309
2022 $19,297 $1,394,396 $738,210 $656,186
2021 $18,871 $1,367,056 $723,736 $643,320
2020 $17,567 $1,353,039 $716,315 $636,724
2019 $17,260 $1,326,510 $702,270 $624,240
2018 $16,538 $1,300,500 $688,500 $612,000
2017 $15,797 $1,275,000 $675,000 $600,000
2016 $2,532 $105,268 $15,514 $89,754
2015 $2,251 $103,687 $15,281 $88,406
2014 $2,276 $101,657 $14,982 $86,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81545670

MLSListings

APN: 033-065-210