Seller's Agent in 2023
Alex Lehr
Guide Real Estate
(650) 766-5500
8 in this area
237 Total Sales
248 E 40th Ave San Mateo, CA 94403
Hillsdale NeighborhoodEstimated Value: $1,799,000 - $1,897,000
3
Beds
2
Baths
1,330
Sq Ft
$1,393/Sq Ft
Est. Value
Highlights
- Solid Surface Bathroom Countertops
- Corian Countertops
- Workshop
- Ralston Intermediate School Rated A
- Neighborhood Views
- 1 Car Attached Garage
About This Home
As of November 2023Welcome to 248 E 40th Avenue. This 3-bedroom, 2-bathroom ranch-style home offers 1330 sqft of living space with new flooring throughout, a freshly painted interior and exterior, and flexible family room space off of the kitchen. Additionally, there is a convenient work shop connected to the garage, plus a detached office for you to quietly and functionally work from home. The kitchen is equipped with updated appliances and plenty of cabinet space with a view of the back yard where you'll find an outdoor kitchen and a low-maintenance patio perfect for hosting outdoor gatherings, as well as several fruit trees and raised planters for your enjoyment. Situated in the Village neighborhood of San Mateo, you'll enjoy the convenience of nearby parks, schools, shopping, and easy access to major commuter routes.
Last Buyer's Agent
Giri Tumu
Intero Real Estate Services License #01836368
Home Details
Home Type
- Single Family
Year Built
- Built in 1951
Lot Details
- 4,961 Sq Ft Lot
- Wood Fence
- Level Lot
- Back Yard
- Zoning described as R10006
Parking
- 1 Car Attached Garage
Home Design
- Slab Foundation
- Wood Frame Construction
- Wood Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 1,330 Sq Ft Home
- 1-Story Property
- Wood Burning Fireplace
- Separate Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Workshop
- Neighborhood Views
- Laundry in Garage
Kitchen
- Gas Oven
- Range Hood
- Microwave
- Corian Countertops
Flooring
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Solid Surface Bathroom Countertops
- Bathtub with Shower
- Bathtub Includes Tile Surround
- Walk-in Shower
Outdoor Features
- Shed
- Barbecue Area
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 040-198-020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 19, 2023
Closed on
Nov 21, 2023
Sold by
Gilbert Brett L and Gilbert Xuefei
Bought by
Sankarasubramanian Malavarayan and Parameswaran Vidhya
Seller's Agent
Alex Lehr
Guide Real Estate
Buyer's Agent
Giri Tumu
Intero Real Estate Services
List Price
$1,595,000
Sold Price
$1,630,000
Premium/Discount to List
$35,000
2.19%
Views
178
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,740
Avg. Annual Appreciation
5.91%
Original Mortgage
$1,304,000
Outstanding Balance
$1,281,252
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$571,488
Purchase Details
Closed on
May 18, 2019
Sold by
Gilbert Brett L and Lu Xuefei
Bought by
Gilbert Brett L and Lu Xuefei
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Apr 4, 2018
Closed on
Nov 5, 2018
Sold by
Newman Neal and Newman Tina
Bought by
Gilbert Brett L and Lu Xuefei
Seller's Agent
Austin Herman
Clay Herman Realtor, Inc.
Buyer's Agent
Phil Evans
KW Advisors
List Price
$1,348,000
Sold Price
$1,400,000
Premium/Discount to List
$52,000
3.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.93%
Original Mortgage
$900,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sankarasubramanian Malavarayan | $1,630,000 | Fidelity National Title Compan | |
| Gilbert Brett L | $9,000 | Fntg | |
| Gilbert Brett L | $1,400,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sankarasubramanian Malavarayan | $1,304,000 | |
| Previous Owner | Gilbert Brett L | $896,000 | |
| Previous Owner | Gilbert Brett L | $900,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/27/2023 11/27/23 | Sold | $1,630,000 | +2.2% | $1,226 / Sq Ft | |
| 10/27/2023 10/27/23 | Pending | -- | -- | -- | |
| 10/19/2023 10/19/23 | For Sale | $1,595,000 | +13.9% | $1,199 / Sq Ft | |
| 11/18/2018 11/18/18 | Sold | $1,400,000 | +3.9% | $1,053 / Sq Ft | View Prior Sale |
| 10/28/2018 10/28/18 | Pending | -- | -- | -- | |
| 04/04/2018 04/04/18 | For Sale | $1,348,000 | -- | $1,014 / Sq Ft |
Source: MLSListings
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 | $20,890 | $1,662,600 | $1,218,900 | $443,700 |
| 2023 | $20,890 | $1,501,080 | $1,072,201 | $428,879 |
| 2022 | $19,156 | $1,471,648 | $1,051,178 | $420,470 |
| 2021 | $19,079 | $1,442,793 | $1,030,567 | $412,226 |
| 2020 | $18,336 | $1,428,000 | $1,020,000 | $408,000 |
| 2019 | $17,604 | $1,400,000 | $1,000,000 | $400,000 |
| 2018 | $3,588 | $217,274 | $129,994 | $87,280 |
| 2017 | $3,582 | $213,016 | $127,446 | $85,570 |
| 2016 | $3,579 | $208,841 | $124,948 | $83,893 |
| 2015 | $3,654 | $205,706 | $123,072 | $82,634 |
| 2014 | $3,423 | $201,679 | $120,662 | $81,017 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Lehr
-
G
Buyer's Agent in 2023
Giri Tumu
Intero Real Estate Services
-
A
Seller's Agent in 2018
Austin Herman
Clay Herman Realtor, Inc.
-
P
Buyer's Agent in 2018
Phil Evans
KW Advisors
Map
Source: MLSListings
MLS Number: ML81945550
APN: 040-198-020
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