NOT LISTED FOR SALE

241 Harrison Ave Redwood City, CA 94062

Roosevelt Neighborhood

Estimated Value: $1,685,000 - $3,240,683

6 Beds
4 Baths
2,956 Sq Ft
$750/Sq Ft Est. Value

Last Sold September 06, 2023

Last sale price $1,550,000 $524 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $13,046/month

13 Days on Market

Highlights

  • Solar Power System
  • Sequoia High School Rated A
  • Forced Air Heating System

About This Home

As of September 2023

Fabulously located just behind Whole Foods Redwood City, this duplex is convenient to commute routes, vibrant downtown Redwood City, Sequoia High School, everything you'll ever need to enjoy the city called "Climate Best by Government Test". Both units have their own laundry. Front Unit: 1,342sf (appraisal) 3 Bed 2 Bath, single story. Rear Unit: 1,614sf (appraisal) 3 Bed 2 Bath two story!! Live in rear unit, rent out the front one and subsidize your mortgage! Family housing needed? Here's your answer. Before interest rates come down, now is the time for you to buy.

Last Agent to Sell the Property

Alfredo Mendoza

KW Advisors License #01926782 Listed on: 07/21/2023

KW Advisors

Last Buyer's Agent

Soraya Siahpolo

Intero Real Estate Services License #02190199

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,232

Year Built

  • 1917

Lot Details

  • 6,499

Home Design

  • Duplex
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,956 Sq Ft Home
  • 2-Story Property

Parking

  • 3 Parking Spaces
  • 1 Carport Space
  • No Garage
  • On-Street Parking
  • Off-Street Parking

Additional Features

  • Solar Power System
  • 6,499 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $84,000

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $600
  • Insurance Expense $2,520
  • Other Expense $700
  • Utility Expense $2,913
  • Operating Expense $17,246
  • Gross Income $83,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,232

Year Built

1917

Lot Details

0

Listing Details

  • Zoning: R4
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2956
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1917

Interior Features

  • Living Sq Ft: 2956
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Fiberglass

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: No Garage, Off-Street Parking, On Street
  • Carport Min: 1

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1492
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Green Features

  • Energy Features: Solar Power

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.04
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities, Solar
  • Expense Insurance: 2520
  • Expense Landscape: 600
  • Expenses Other: 700
  • Expenses Total: 17246
  • Expenses Utility: 2913
  • Income Annual Gross: 83160.00
  • Income Annual Rental: 84000
  • Income Gross Scheduled: 84000
  • Income Includes: Lease
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Aug 14, 2023
Sold by
Maxham Kendra Marie and Shannon Lee
Bought by
Sadooghi Iman
Seller's Agent
Alfredo Mendoza
KW Advisors
Buyer's Agent
Soraya Siahpolo
Intero Real Estate Services
List Price
$1,599,000
Sold Price
$1,550,000
Premium/Discount to List
-$49,000
-3.06%
Views
48
Current Estimated Value
$2,218,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$668,171
Avg. Annual Appreciation
18.14%
Original Mortgage
$1,240,000
Outstanding Balance
$1,208,793
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$1,009,378

Purchase Details

Closed on
Apr 13, 2021
Sold by
Maxham Kenneth Mark and Maxham Shannon Lee
Bought by
Maxham Kenneth Mark and Maxham Shannon Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2014
Sold by
Henry Elizabeth M
Bought by
Kim John H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2004
Sold by
Hammond James W and Hammond Barbara K
Bought by
Maxham Kenneth Mark and Maxham Shannon Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 1999
Sold by
Mckenney Julie A and Mckenney Addy B
Bought by
Hammond James W and Kline Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,400
Interest Rate
7.25%

Purchase Details

Closed on
Jul 25, 1996
Sold by
Dietmeier Melvin Patrick
Bought by
Mckenney Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
8.32%

Purchase Details

Closed on
Jul 22, 1996
Sold by
Sheetz Joseph M and Sheetz Carol J
Bought by
Mckenney Julie A and Mckenney Addy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
8.32%

Purchase Details

Closed on
Oct 14, 1993
Sold by
Sheetz Stanley J and Sheetz Judy M
Bought by
Sheetz Joseph M and Sheetz Carol J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
4%
Source: Public Records

Range of Values:

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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
Sadooghi Iman $1,550,000 Lawyers Title Company
Maxham Kenneth Mark -- Title Resources Guaranty Co
Kim John H -- Chicago Title Company
Maxham Kenneth Mark $725,000 Chicago Title Insurance Comp
Hammond James W $558,000 Old Republic Title Company
Mckenney Julie A -- Fidelity National Title Co
Mckenney Julie A $275,000 Fidelity National Title Co
Sheetz Joseph M -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sadooghi Iman $1,240,000
Previous Owner Maxham Kenneth Mark $630,000
Previous Owner Kim John H $570,000
Previous Owner Maxham Kenneth Mark $580,000
Previous Owner Hammond James W $446,400
Previous Owner Mckenney Julie A $190,000
Previous Owner Sheetz Joseph M $224,000
Closed Maxham Kenneth Mark $72,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2023 09/06/23 Sold $1,550,000 -3.1% $524 / Sq Ft
08/03/2023 08/03/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $1,599,000 -- $541 / 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 $17,232 $1,581,000 $790,500 $790,500
2023 $17,232 $990,756 $495,378 $495,378
2022 $10,513 $971,330 $485,665 $485,665
2021 $10,410 $952,286 $476,143 $476,143
2020 $10,270 $942,522 $471,261 $471,261
2019 $10,231 $924,042 $462,021 $462,021
2018 $9,963 $905,924 $452,962 $452,962
2017 $9,854 $888,162 $444,081 $444,081
2016 $9,688 $870,748 $435,374 $435,374
2015 $9,326 $857,670 $428,835 $428,835
2014 $9,161 $840,870 $420,435 $420,435
Source: Public Records

Agents Affiliated with this Home

  • Alfredo Mendoza

    Seller's Agent in 2023

    Alfredo Mendoza

    KW Advisors

    (650) 454-0730

    1 in this area

    21 Total Sales

    Alfredo Mendoza
    Section Image

  • S

    Buyer's Agent in 2023

    Soraya Siahpolo

    Intero Real Estate Services

    (408) 603-9519

    1 in this area

    18 Total Sales

    Soraya Siahpolo
    Section Image
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Map

Source: MLSListings

MLS Number: ML81935509

MLSListings

APN: 053-042-050

California San Mateo County Redwood City 94062 Roosevelt

241 Harrison Ave, Redwood City, CA

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