NOT LISTED FOR SALE

2901 Flores St San Mateo, CA 94403

Beresford Park Neighborhood

Estimated Value: $1,859,000 - $2,629,424

4 Beds
2 Baths
2,387 Sq Ft
$866/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $1,750,000 $733 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $12,853/month

54 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • 1-Story Property
  • Hillsdale High School Rated A+
  • Ceiling Fan
  • 5-minute walk to East Hillsdale Park

About This Home

As of November 2023

Two impeccably maintained units in the desirable Beresford Park/Hillside Neighborhood make an incredible investment opportunity. Live in one unit and rent the second unit, or create a multi-generational space for your family's needs. The separate units feel like two private homes. 2901 Flores is a 2-Bedroom/1-Bath home with a large master bedroom with two walk-in closets, spacious dining area, an open living room and a large backyard with patio. 2903 Flores is also a 2-Bedroom/1-Bath home, featuring a fireplace, a large living room, and hardwood floors throughout. Both units feature a garage with washer/dryer hookups, separately metered water, gas, and electric meters, and large front/side yards. The property is located just one block from Hillsdale Shopping center, and CalTrain and enjoys easy access to highway 92, 101, and 280. Both units are currently VACANT and rent-ready. Easy to show.

Last Agent to Sell the Property

Nathan Gustavson

Compass License #01898316 Listed on: 08/22/2023

Compass

Co-Listed By

Cameron Foster

Cameron Foster License #00972394

Last Buyer's Agent

Rachid Atie

SC Properties License #02095614

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,085

Year Built

  • 1946

Lot Details

  • 6,660 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,387 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Washer and Dryer Hookup

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $87,600

Community Details

Overview

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $2,000
  • Other Expense $2,460
  • Operating Expense $29,309
  • Gross Income $84,972

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,085

Year Built

1946

Lot Details

0

Parking

2

Listing Details

  • Zoning: R40000
  • Subclass: Duplex
  • Age: 77
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2387
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Living Sq Ft: 2387
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Hardwood

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Fiberglass, Shingle

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1529
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6660.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6660.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 22.24

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1500
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expenses Other: 2460
  • Expenses Total: 29309
  • Income Annual Gross: 84972.00
  • Income Annual Rental: 87600
  • Income Gross Scheduled: 87600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Vacancy Factor
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2023
Closed on
Nov 7, 2023
Sold by
Gower Living Trust and Gower Bruce G
Bought by
Bortolotto Mattia and Bortolotto Nicholas
Seller's Agent
Nathan Gustavson
Compass
Buyer's Agent
Rachid Atie
SC Properties
List Price
$1,948,000
Sold Price
$1,750,000
Premium/Discount to List
-$198,000
-10.16%
Views
80
Current Estimated Value
$2,067,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,106
Avg. Annual Appreciation
9.47%
Original Mortgage
$1,225,000
Outstanding Balance
$1,203,589
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$863,517

Purchase Details

Closed on
Mar 5, 2023
Sold by
Gower Bruce G and Daniels Sarah
Bought by
Gower Living Trust and Gower

Purchase Details

Closed on
Dec 7, 2019
Sold by
Gower Brian
Bought by
Gower Brain J and Gower Bruce G

Purchase Details

Closed on
Oct 28, 2019
Sold by
Belair Davis Alice and Joan R Evans Trust
Bought by
Gower Brian

Purchase Details

Closed on
Nov 30, 1998
Sold by
Joan Evans
Bought by
Evans Joan R
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
Bortolotto Mattia $1,750,000 Wfg National Title
Gower Living Trust -- None Listed On Document
Gower Bruce G -- None Listed On Document
Gower Brain J -- None Available
Gower Brian -- None Available
Evans Joan R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bortolotto Mattia $1,225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $1,750,000 -10.2% $733 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
08/22/2023 08/22/23 For Sale $1,948,000 -- $816 / 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 $22,085 $1,785,000 $1,285,200 $499,800
2023 $22,085 $1,997,237 $1,156,295 $840,942
2022 $25,480 $1,958,076 $1,133,623 $824,453
2021 $24,968 $1,919,684 $1,111,396 $808,288
2020 $23,688 $1,900,000 $1,100,000 $800,000
2019 $5,996 $332,900 $116,510 $216,390
2018 $5,381 $326,374 $114,226 $212,148
2017 $4,834 $319,976 $111,987 $207,989
2016 $4,691 $313,703 $109,792 $203,911
2015 $4,419 $308,992 $108,143 $200,849
2014 $4,548 $302,940 $106,025 $196,915
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nathan Gustavson

    Compass

    (415) 874-5000

    2 in this area

    62 Total Sales

    Nathan Gustavson
    Section Image

  • C

    Seller Co-Listing Agent in 2023

    Cameron Foster

    Cameron Foster

    (650) 548-9660

    2 in this area

    38 Total Sales

    Cameron Foster
    Section Image
  • Rachid Atie

    Buyer's Agent in 2023

    Rachid Atie

    SC Properties

    (650) 398-0287

    1 in this area

    8 Total Sales

    Rachid Atie
    Section Image
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Map

Source: MLSListings

MLS Number: ML81939406

MLSListings

APN: 039-391-030

California San Mateo County San Mateo 94403 Beresford Park

2901 Flores St, San Mateo, CA

This home is located at 2901 Flores St, San Mateo, CA 94403 since 22 August 2023 and is currently estimated at $2,067,106, approximately $865 per square foot. This property was built in 1946. 2901 Flores St is a home located in San Mateo County with nearby schools including Beresford Elementary School, Abbott Middle School, and Hillsdale High School.

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