NOT LISTED FOR SALE

275 Orchard Ave Redwood City, CA 94061

Redwood Oaks Neighborhood

Estimated Value: $2,304,000 - $3,372,652

5 Beds
4 Baths
4,098 Sq Ft
$656/Sq Ft Est. Value

Last Sold March 21, 2019

Last sale price $1,950,000 $476 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $16,630/month

26 Days on Market

Highlights

  • Ground Level Unit
  • Den
  • Walk-In Closet
  • Woodside High School Rated A
  • Balcony
  • Forced Air Heating System

About This Home

As of March 2019

LARGE WESTSIDE DUPLEX FOR SALE! One 3 bedroom unit with walkin closet, two full bathrooms, & an oversized 2 car garage with opener. Fireplace in family room. Patio & rear yard. Second unit has 2 bedrooms with walkin closet, two full bathrooms, a separate office or dining room & an oversized 2 car garage with opener. Very large units. No shared walls, units separated by garages. Must see! $1,995,000.

Last Agent to Sell the Property

Eric Ruxton

Terrace Associates License #00613080 Listed on: 01/31/2019

Last Buyer's Agent

Jennifer Angell

Realty World-Cities Group License #01268166

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,661

Year Built

  • 1974

Lot Details

  • 10,149 Sq Ft Lot
  • Fenced
  • Mostly Level
  • Back Yard

Parking

  • 4 Car Garage
  • Garage Door Opener
  • Off-Site Parking

Home Design

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

Interior Spaces

  • Walk-In Closet
  • 4,098 Sq Ft Home
  • 1-Story Property
  • Den
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Outdoor Features

  • Balcony
  • Barbecue Area

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $69,480

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $120
  • Insurance Expense $1,500
  • Maintenance Expense $100
  • Manager Expense $100
  • Operating Expense $4,010
  • Gross Income $68,090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,661

Year Built

1974

Lot Details

0

Parking

4

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Style: Ranch
  • Age: 45
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4098
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1974

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Formica, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric
  • Living Sq Ft: 4098
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate
  • Additional Rooms: Office Area

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener, Off-Site Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Mostly Level, Ground Floor
  • Lot Acres: 0.2330
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10150.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10150.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 28.71
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, On Pole, Public Utilities
  • Expense Insurance: 1500
  • Expense Landscape: 120
  • Expense Maintenance: 100
  • Expense Management: 100
  • Expenses Total: 4010
  • Income Annual Gross: 68090.00
  • Income Annual Rental: 69480
  • Income Gross Scheduled: 69480
  • Income Includes: Rents
  • Meters: Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Tenant Expenses: Rent Only, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2021
Sold by
Fang Miaoqing
Bought by
Fang Miaoqing and The Miaoqing Fang Living Trust
Current Estimated Value
$2,690,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,385,000
Outstanding Balance
$1,256,784
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$1,433,379

Purchase Details

Closed on
Dec 10, 2021
Sold by
Fang Miaoqing
Bought by
Miaoqing Fang Living Trust and Fang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,385,000
Outstanding Balance
$1,256,784
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$1,433,379

Purchase Details

Closed on
Mar 12, 2021
Sold by
Xie Huangming and Fang Miaoqing
Bought by
Fang Miaoqing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,407,000
Interest Rate
2.21%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 31, 2019
Closed on
Mar 8, 2019
Sold by
Anderson Linda K and The Anderson Family Trust
Bought by
Xie Huangming and Fang Miaoqing
Seller's Agent
Eric Ruxton
Terrace Associates
Buyer's Agent
Jennifer Angell
Realty World-Cities Group
List Price
$1,995,000
Sold Price
$1,950,000
Premium/Discount to List
-$45,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%
Original Mortgage
$1,462,500
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 17, 2018
Sold by
Anderson Linda K and Johnson Cindy M
Bought by
Anderson Linda K and The Anderson Family Trust
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
Fang Miaoqing -- None Available
Miaoqing Fang Living Trust -- None Listed On Document
Fang Miaoqing -- Wfg National Title Ins Co
Xie Huangming $1,950,000 First American Title Company
Anderson Linda K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fang Miaoqing $1,385,000
Previous Owner Fang Miaoqing $1,407,000
Previous Owner Xie Huangming $1,462,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2019 03/21/19 Sold $1,950,000 -2.3% $476 / Sq Ft
02/27/2019 02/27/19 Pending -- -- --
02/19/2019 02/19/19 For Sale $1,995,000 0.0% $487 / Sq Ft
02/05/2019 02/05/19 Pending -- -- --
02/02/2019 02/02/19 Price Changed $1,995,000 +2.0% $487 / Sq Ft
01/31/2019 01/31/19 For Sale $1,955,000 -- $477 / 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 $23,661 $2,175,257 $1,349,776 $825,481
2023 $23,661 $2,090,791 $1,297,363 $793,428
2022 $22,203 $2,049,796 $1,271,925 $777,871
2021 $21,987 $2,009,605 $1,246,986 $762,619
2020 $21,692 $1,989,000 $1,234,200 $754,800
2019 $2,334 $200,365 $25,871 $174,494
2018 $2,191 $196,437 $25,364 $171,073
2017 $2,167 $192,586 $24,867 $167,719
2016 $2,126 $188,811 $24,380 $164,431
2015 $2,047 $185,976 $24,014 $161,962
2014 $1,932 $182,334 $23,544 $158,790
Source: Public Records

Agents Affiliated with this Home

  • Eric Ruxton

    Seller's Agent in 2019

    Eric Ruxton

    Terrace Associates

    (650) 868-4350

    4 Total Sales

    Eric Ruxton
    Section Image

  • J

    Buyer's Agent in 2019

    Jennifer Angell

    Realty World-Cities Group

  • Benjamin Pittenger

    Buyer's Agent in 2019

    Benjamin Pittenger

    Benjamin Pittenger, Broker

    (510) 468-4278

    5 Total Sales

    Benjamin Pittenger
    Section Image

  • V

    Buyer's Agent in 2019

    Vicki Wilson

See All Agents

Map

Source: MLSListings

MLS Number: ML81737164

MLSListings

APN: 059-112-460

California San Mateo County Redwood City 94061 Redwood Oaks

275 Orchard Ave, Redwood City, CA

This home is located at 275 Orchard Ave, Redwood City, CA 94061 since 31 January 2019 and is currently estimated at $2,690,163, approximately $656 per square foot. This property was built in 1974. 275 Orchard Ave is a home located in San Mateo County with nearby schools including Henry Ford Elementary School, John F. Kennedy Middle School, and Woodside High School.

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