NOT LISTED FOR SALE

Estimated Value: $3,166,771

3 Beds
3 Baths
3,840 Sq Ft
$825/Sq Ft Est. Value

Sale Details

Date Sold: December 8, 2020

Last sale price $2,300,000 $599 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $20,040 / mo

71 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Washer and Dryer
  • 4 Car Attached Garage

About This Home

As of December 2020

LOVELY 2-STORY DUPLEX SITUATED BY THE MILLBRAE SPUR TRAIL. EACH UNIT IS 1920 SQ FT PER THE ARCHITECT 1 UNIT IS VACANT . PLANS ONLY 2-MINS DRIVING DISTANCE TO ALL THE CONVENIENCES IN DOWNTOWN MILLBRAE. EASY COMMUTE WITH QUICK ACCESS TO HIGHWAY 82 & 101. OPEN FLOOR PLAN WITH A SPACIOUS AND AIRY LIVING ROOM. LARGE WINDOWS THROUGHOUT. EACH MASTER BEDROOM HAS A PRIVATE BALCONY. EACH UNIT HAS A 2-CAR GARAGE.

Last Agent to Sell the Property

Stanley Lo

Green Banker Realty License #00874415 Listed on: 08/07/2020

Last Buyer's Agent

Maria Rhodes

DCP Realty- Coastwide Real Estate Inc. License #01481690

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1999

Lot Details

  • 5,998 Sq Ft Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $42,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $14,200
  • Insurance Expense $1,700
  • Maintenance Expense $100
  • Operating Expense $26,112
  • Gross Income $40,320

Property Details

Home Type

Multi-Family

Year Built

1999

Lot Details

5,998 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3840
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1999

Interior Features

  • Kitchen: Dishwasher, Microwave, Oven Range - Electric, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3840
  • Stories: 2
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage, Common Parking Area

Utilities

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

Lot Info

  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 54.50
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1700
  • Expense Landscape: 14200
  • Expense Maintenance: 100
  • Expenses Total: 26112
  • Income Annual Gross: 40320.00
  • Income Annual Rental: 42000
  • Income Gross Scheduled: 42000
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Nov 13, 2020
Sold by
Bought by
Seller's Agent
Stanley Lo
Green Banker Realty
Buyer's Agent
Maria Rhodes
DCP Realty- Coastwide Real Estate Inc.
List Price
$2,688,000
Sold Price
$2,300,000
Premium/Discount to List
-$388,000
-14.43%
Current Estimated Value
$3,166,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$866,771
Avg. Annual Appreciation
5.82%
Original Mortgage
$1,600,000
Outstanding Balance
$1,394,228
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,772,543

Purchase Details

Closed on
Jul 13, 2018
Sold by
Bought by

Purchase Details

Closed on
Sep 10, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 15, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Wfg National Title Ins Co
$2,300,000 Wfg National Title Ins Co
-- None Available
-- None Available
-- --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/08/2020 12/08/20 Sold $2,300,000 +0.5% $599 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
10/15/2020 10/15/20 Price Changed $2,288,888 -14.8% $596 / Sq Ft
08/07/2020 08/07/20 For Sale $2,688,000 -- $700 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $31,216 $2,489,591 $1,190,674 $1,298,917
2023 $31,216 $2,392,920 $1,144,440 $1,248,480
2022 $26,529 $2,346,000 $1,122,000 $1,224,000
2021 $26,307 $2,300,000 $1,100,000 $1,200,000
2020 $10,351 $882,149 $329,844 $552,305
2019 $10,112 $864,853 $323,377 $541,476
2018 $9,919 $847,896 $317,037 $530,859
2017 $9,681 $831,271 $310,821 $520,450
2016 $9,558 $814,973 $304,727 $510,246
2015 $9,494 $802,732 $300,150 $502,582
2014 $9,284 $787,009 $294,271 $492,738
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81805016

MLSListings

APN: 024-267-140

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