NOT LISTED FOR SALE

2916 Curtis Ave Redwood City, CA 94063

North Fair Oaks Neighborhood

Estimated Value: $1,825,000 - $2,186,000

7 Beds
4 Baths
4,292 Sq Ft
$465/Sq Ft Est. Value

Last Sold May 05, 2017

Last sale price $1,530,000 $356 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $12,924/month

14 Days on Market

Highlights

  • 4 Car Attached Garage
  • Secured Garage or Parking
  • Coin Laundry
  • Woodside High School Rated A
  • Storage Room
  • Level Lot

About This Home

As of May 2017

First time on the market in over 40+ years and was built in the year of 1971. 4 units in an up and coming neighborhood in Redwood City. Located just off Woodside Road between Costco and 5th Ave. north of Menlo Park and the booming Silicon Valley. Includes large units and some have been updated. Hugh garage parking with separate storage closets. There is also a separate laundry room with a coin-op washer and dryer. All units have separate utility service meters for each unit. Total square feet is 4,292 per county records. Close to shopping, restaurants, markets, downtown, hwys 101 and 280. Don't miss this great opportunity!

Last Agent to Sell the Property

Clifford Wong

Corcoran Icon Properties License #01037055 Listed on: 03/24/2017

Last Buyer's Agent

Jim ONeil

Sotheby's International Realty License #01501936

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,727

Year Built

  • 1971

Lot Details

  • 5,009 Sq Ft Lot
  • Level Lot

Parking

  • 4 Car Attached Garage
  • Secured Garage or Parking

Home Design

  • Quadruplex
  • Bituthene Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,292 Sq Ft Home
  • 2-Story Property
  • Storage Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $59,532

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 2 Leased Units
  • Insurance Expense $2,551
  • Maintenance Expense $3,600
  • Other Expense $1,320
  • Utility Expense $960
  • Operating Expense $29,056
  • Gross Income $60,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,727

Year Built

1971

Lot Details

0

Parking

4

Listing Details

  • Zoning: R300S5
  • Subclass: Fourplex
  • Age: 46
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4292
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1971

Interior Features

  • Kitchen: Cooktop - Electric, Exhaust Fan, Garbage Disposal, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 4292
  • Stories: 2
  • Security: Secured Garage / Parking
  • Laundry: Coin Operated
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Bituthene

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1150
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Less Than 1 Yr
  • Gross Rent Multiplier: 27.38
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2551
  • Expense Maintenance: 3600
  • Expenses Other: 1320
  • Expenses Total: 29056
  • Expenses Utility: 960
  • Income Annual Gross: 60252.00
  • Income Annual Rental: 59532
  • Income Gross Scheduled: 60252
  • Income Includes: Laundry
  • Income Other: 720
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Hot Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2017
Closed on
May 2, 2017
Sold by
Ward Sheila D
Bought by
Lopez Virginia and Lopez David
Seller's Agent
Clifford Wong
Corcoran Icon Properties
Buyer's Agent
Jim ONeil
Sotheby's International Realty
List Price
$1,650,000
Sold Price
$1,530,000
Premium/Discount to List
-$120,000
-7.27%
Current Estimated Value
$1,993,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$463,874
Avg. Annual Appreciation
3.22%
Original Mortgage
$918,000
Outstanding Balance
$778,350
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,215,524

Purchase Details

Closed on
Feb 6, 1996
Sold by
Watson Earl and Watson Jean
Bought by
Watson Earl and Watson Jean
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
Lopez Virginia $1,530,000 Fidelity National Title Co
Watson Earl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Virginia $918,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2017 05/05/17 Sold $1,530,000 -7.3% $356 / Sq Ft
04/08/2017 04/08/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $1,650,000 -- $384 / 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 $25,727 $1,775,691 $1,160,584 $615,107
2023 $25,727 $1,706,741 $1,115,518 $591,223
2022 $23,958 $1,673,277 $1,093,646 $579,631
2021 $23,662 $1,640,468 $1,072,202 $568,266
2020 $23,300 $1,623,648 $1,061,208 $562,440
2019 $22,987 $1,591,812 $1,040,400 $551,412
2018 $22,087 $1,560,600 $1,020,000 $540,600
2017 $5,822 $141,488 $34,402 $107,086
2016 $5,463 $138,715 $33,728 $104,987
2015 $5,250 $136,632 $33,222 $103,410
2014 $5,101 $133,957 $32,572 $101,385
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Clifford Wong

    Corcoran Icon Properties

  • J

    Buyer's Agent in 2017

    Jim ONeil

    Sotheby's International Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81643867

MLSListings

APN: 054-203-080

California San Mateo County Redwood City 94063 North Fair Oaks

2916 Curtis Ave, Redwood City, CA

This home is located at 2916 Curtis Ave, Redwood City, CA 94063 since 24 March 2017 and is currently estimated at $1,993,874, approximately $464 per square foot. This property was built in 1971. 2916 Curtis 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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