NOT LISTED FOR SALE

2824 Devonshire Ave Redwood City, CA 94063

North Fair Oaks Neighborhood

Estimated Value: $1,702,000 - $2,120,000

6 Beds
4 Baths
3,315 Sq Ft
$569/Sq Ft Est. Value

Last Sold April 18, 2014

Last sale price $1,050,000 $317 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $11,707/month

6 Days on Market

Highlights

  • Balcony
  • Tile Flooring
  • Level Lot
  • Woodside High School Rated A

About This Home

As of April 2014

Spacious 4 unit complex in an ideal rental location. Top units are 2 beds 1 bath with oversize balconies.Lower units are 1 bed 1 bath with a private patio. Double paned windows throughout, spacious units, 2 sets of 2 car garage and plenty of parking space in front. Steady rents for over three years. Just blocks away from Atherton, main Redwood City attractions and close to public transportation.

Last Agent to Sell the Property

Alejandro Lopez

Corcoran Icon Properties License #01725292 Listed on: 03/14/2014

Corcoran Icon Properties

Last Buyer's Agent

Adolfo Sequeira Jr.

Bay East AOR License #01265649

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,441

Year Built

  • 1963

Lot Details

  • 5,271

Parking

  • Covered Parking

Home Design

  • Quadruplex
  • Slate Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,315 Sq Ft Home
  • 2-Story Property
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Balcony
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $68,400
  • The owner pays for garbage

Community Details

Overview

  • 3,315 Sq Ft Building

Building Details

  • Insurance Expense $1,724
  • Maintenance Expense $1,500
  • Other Expense $1,500
  • Utility Expense $1,680
  • Operating Expense $19,535
  • Gross Income $67,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,441

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R30S5
  • Subclass: Fourplex
  • Age: 51
  • Sale Price Per Sq Ft: 316.74
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3315
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 3315
  • Stories: 2
  • Laundry: In Garage
  • Flooring: Tile, Laminate, Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Slate
  • View: Local/Neighborhood
  • Yard/Grounds: Balcony / Patio

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: Patio - Private

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5250.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5250.00
  • Lot Size Area Min Search: 5250.00
  • Maximum Lot Size: 5250.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.60

Multi Family

  • Expense Insurance: 1724
  • Expense Maintenance: 1500
  • Expenses Other: 1500
  • Expenses Total: 19535
  • Expenses Utility: 1680
  • Expense Water Sewer: 3048
  • Income Annual Gross: 67032.00
  • Income Annual Rental: 68400
  • Income Gross Scheduled: 68400
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Insurance, Maintenance - Repair, Fee - Property Tax, Vacancy Factor, Utilities - Water
  • Owner Pays: Garbage
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric
  • Vacancy Amount: 1368
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2014
Closed on
Apr 16, 2014
Sold by
Alvarez Abel
Bought by
Drogitis Nick and Drogitis Chris
Seller's Agent
Alejandro Lopez
Corcoran Icon Properties
Buyer's Agent
Adolfo Sequeira Jr.
Bay East AOR
List Price
$998,888
Sold Price
$1,050,000
Premium/Discount to List
$51,112
5.12%
Current Estimated Value
$1,884,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$834,983
Avg. Annual Appreciation
4.95%
Original Mortgage
$787,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2005
Sold by
Medrano Ruben and Toledo Silvia
Bought by
Alvarez Abel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
1.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 2, 2005
Sold by
Medrano Ruben
Bought by
Medrano Ruben and Toledo Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
1.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 23, 2004
Sold by
Toledo Silvia
Bought by
Medrano Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$586,000
Interest Rate
7.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2003
Sold by
Medrano Ruben
Bought by
Medrano Ruben and Toledo Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 1998
Sold by
Melville Mark L and Melville Katherine M
Bought by
Medrano Ruben and Toledo Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.17%
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
Drogitis Nick $1,050,000 North American Title Co Inc
Alvarez Abel $900,000 Old Republic Title Company
Medrano Ruben -- --
Medrano Ruben -- Alliance Title
Medrano Ruben -- Commonwealth
Medrano Ruben -- Commonwealth
Medrano Ruben $400,000 Old Republic Title Ins Compa
Medrano Ruben -- Old Republic Title Ins Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drogitis Nick $778,500
Closed Drogitis Nick $787,500
Previous Owner Alvarez Abel $785,000
Previous Owner Alvarez Abel $720,000
Previous Owner Medrano Ruben $586,000
Previous Owner Medrano Ruben $450,000
Previous Owner Medrano Ruben $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2014 04/18/14 Sold $1,050,000 +5.1% $317 / Sq Ft
03/20/2014 03/20/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $998,888 -- $301 / 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 $20,441 $1,287,148 $643,574 $643,574
2023 $20,441 $1,237,168 $618,584 $618,584
2022 $19,000 $1,212,910 $606,455 $606,455
2021 $18,752 $1,189,128 $594,564 $594,564
2020 $18,457 $1,176,936 $588,468 $588,468
2019 $18,162 $1,153,860 $576,930 $576,930
2018 $17,389 $1,131,236 $565,618 $565,618
2017 $16,503 $1,109,056 $554,528 $554,528
2016 $15,997 $1,087,310 $543,655 $543,655
2015 $15,387 $1,070,978 $535,489 $535,489
2014 $14,536 $1,003,310 $501,655 $501,655
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Alejandro Lopez

    Corcoran Icon Properties

    Section Image

  • A

    Buyer's Agent in 2014

    Adolfo Sequeira Jr.

    Bay East AOR

See All Agents

Map

Source: MLSListings

MLS Number: ML81408088

MLSListings

APN: 054-282-020

California San Mateo County Redwood City 94063 North Fair Oaks

2824 Devonshire Ave, Redwood City, CA

This home is located at 2824 Devonshire Ave, Redwood City, CA 94063 since 14 March 2014 and is currently estimated at $1,884,983, approximately $568 per square foot. This property was built in 1963. 2824 Devonshire Ave is a home located in San Mateo County with nearby schools including Garfield Elementary School, John F. Kennedy Middle School, and Woodside High School.

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