NOT LISTED FOR SALE

Estimated Value: $1,126,000 - $2,219,000

6 Beds
4 Baths
3,934 Sq Ft
$447/Sq Ft Est. Value

Last Sold July 03, 2012

Last sale price $775,000 $197 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $10,355/month

144 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Community Barbecue Grill
  • Capuchino High School Rated A-
  • Skylights
  • Level Lot

About This Home

As of July 2012

WONDERFUL INVESTMENT OPPORTUNITY. 4 UNITS: TWO 2 BEDRMS/1 BATH AND TWO 1 BEDRM/1 BATH. EACH UNIT HAS A DESIGNATED PARKING SPACE/GARAGE SPACE AND STORAGE LOCKER. COIN-OP LAUNDRY GENERATES ADDITIONAL INCOME. BUILDING FULLY RENTED WITH LONG TERM TENANTS; NO VACANCIES IN THE LAST 5 YEARS.

Last Agent to Sell the Property

Keli Yu

Keli Yu, Broker License #01184445 Listed on: 01/03/2012

Last Buyer's Agent

Wilson Pan

Century 21 Realty Alliance License #01372926

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,922

Year Built

  • 1932

Lot Details

  • Level Lot

Parking

  • Covered Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 3,934 Sq Ft Home
  • Skylights
  • Neighborhood Views
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $64,800
  • The owner pays for garbage, water

Community Details

Building Details

  • Insurance Expense $1,800
  • Maintenance Expense $500
  • Trash Expense $2,400
  • Operating Expense $19,750
  • Gross Income $66,300

Additional Features

  • 3,934 Sq Ft Building
  • Community Barbecue Grill

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,922

Year Built

1932

Lot Details

0

Listing Details

  • Zoning: R-3
  • Subclass: Fourplex
  • Age: 80
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 197.00
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3934
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1932

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 3934
  • Laundry: Washer/Dryer - Owned Coin-Op, In Garage
  • Flooring: Carpet - Area, Hardwood - Partial, Tile, Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar And Gravel
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Common Parking Area, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Bbq Area

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5000.00
  • Lot Size Area Min Search: 5000.00
  • Maximum Lot Size: 5000.00

Green Features

  • Energy Features: Skylight

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.05

Multi Family

  • Expense Insurance: 1800
  • Expense Maintenance: 500
  • Expenses Total: 19750
  • Expense Trash: 2400
  • Expense Water Sewer: 6000
  • Income Annual Gross: 66300.00
  • Income Annual Rental: 64800
  • Income Gross Scheduled: 66300
  • Income Includes: Laundry, Lease
  • Income Laundry: 1500
  • Meters: Separate Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Utilities - Gas, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2012
Closed on
Jun 27, 2012
Sold by
Lau Grace J N
Bought by
Lau Burt K H
Seller's Agent
Keli Yu
Keli Yu, Broker
Buyer's Agent
Wilson Pan
Century 21 Realty Alliance
List Price
$839,000
Sold Price
$775,000
Premium/Discount to List
-$64,000
-7.63%
Current Estimated Value
$1,756,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$981,924
Avg. Annual Appreciation
6.28%
Original Mortgage
$581,250
Outstanding Balance
$403,985
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$1,330,216

Purchase Details

Listed on
Jan 3, 2012
Closed on
Jun 22, 2012
Sold by
Liu Sandy
Bought by
Lau Burt K H
Seller's Agent
Keli Yu
Keli Yu, Broker
Buyer's Agent
Wilson Pan
Century 21 Realty Alliance
List Price
$839,000
Sold Price
$775,000
Premium/Discount to List
-$64,000
-7.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Outstanding Balance
$403,985
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$1,330,216

Purchase Details

Closed on
Nov 20, 2007
Sold by
Security F S E Eighty Six Inc
Bought by
Liu Sandy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
6.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 9, 2007
Sold by
Worrall Marc M and Worrall Susan Janice
Bought by
Security F S E Eighty Six Inc

Purchase Details

Closed on
Mar 18, 2003
Sold by
Worrall Marc
Bought by
Worrall Marc M and Worrall Susan Janice

Purchase Details

Closed on
Oct 9, 2000
Sold by
Worrall Susan Janice
Bought by
Worrall Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,750
Interest Rate
7.96%
Mortgage Type
Purchase Money Mortgage
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
Lau Burt K H -- North American Title Co Inc
Lau Burt K H $775,000 North American Title Company
Liu Sandy $799,500 Commonwealth Land Title Co
Security F S E Eighty Six Inc -- None Available
Worrall Marc M -- --
Worrall Marc $605,000 Old Republic Title Company
Worrall Mark $605,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lau Burt K H $581,250
Previous Owner Liu Sandy $530,000
Previous Owner Liu Sandy $525,000
Previous Owner Liu Sandy $535,000
Previous Owner Liu Sandy $285,000
Previous Owner Worrall Marc $175,000
Previous Owner Worrall Marc $453,750
Previous Owner Worrall Mark $453,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2012 07/03/12 Sold $775,000 -7.6% $197 / Sq Ft
05/26/2012 05/26/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $839,000 -- $213 / 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 $11,922 $954,346 $477,173 $477,173
2023 $11,922 $917,290 $458,645 $458,645
2022 $10,007 $899,304 $449,652 $449,652
2021 $9,879 $881,672 $440,836 $440,836
2020 $9,786 $872,632 $436,316 $436,316
2019 $9,627 $855,522 $427,761 $427,761
2018 $9,148 $838,748 $419,374 $419,374
2017 $9,051 $822,302 $411,151 $411,151
2016 $8,871 $806,180 $403,090 $403,090
2015 $8,753 $794,072 $397,036 $397,036
2014 $8,625 $778,518 $389,259 $389,259
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81200232

MLSListings

APN: 020-383-080