NOT LISTED FOR SALE

3040 Flores St San Mateo, CA 94403

Beresford Park Neighborhood

Estimated Value: $1,966,000 - $2,824,754

4 Beds
3 Baths
1,980 Sq Ft
$1,189/Sq Ft Est. Value

Last Sold July 25, 2019

Last sale price $2,000,000 $1,010 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $14,738/month

11 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating System
  • 3-minute walk to East Hillsdale Park
  • Hillsdale High School Rated A+

About This Home

As of July 2019

Completely remodeled beautiful duplex conveniently located within walking distance to Hillsdale Caltrain & Shopping Center. Live in one unit, rent the other or generate income by renting out both. Both units have large windows and are extremely sunny and bright. They have upgraded main electric service panel, tastefully remodeled kitchens and bathrooms with permits. Main unit is 3BR/2BA and has a spacious living room with fireplace, dining room with new chandelier, large kitchen with eat-in area and stainless steel appliances including new refrigerator, spacious master suite with walk-in closet, laundry room, and 2 car garage. It is newly painted and has new modern laminate floor throughout and new ceiling lights. Second unit is 1BR/1BA and beautifully upgraded with recess light. Ample parking spaces for residents and visitors. Close to schools, parks, shops, restaurants, HWYs 101 & 92.

Last Agent to Sell the Property

Andy Gan

Berkshire Hathaway Home Services California Realty License #01868784 Listed on: 06/14/2019

Berkshire Hathaway Home Services California Realty

Last Buyer's Agent

Dennis Phan

Compass License #01934896

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,035

Year Built

  • 1940

Lot Details

  • 5,942 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,980 Sq Ft Home
  • Crawl Space

Utilities

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

Listing and Financial Details

  • Total Actual Rent $78,000

Community Details

Overview

  • 1,980 Sq Ft Building

Building Details

  • Gardener Expense $600
  • Insurance Expense $3,000
  • Maintenance Expense $1,500
  • Operating Expense $12,965
  • Gross Income $78,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,035

Year Built

1940

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10006
  • Subclass: Duplex
  • Age: 79
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 1980

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 6
  • Garage Parking Features: Attached Garage, Parking Area

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1364
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5940.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5940.00

Rental Info

  • Gross Rent Multiplier: 22.92

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3000
  • Expense Landscape: 600
  • Expense Maintenance: 1500
  • Expenses Total: 12965
  • Income Annual Gross: 78000.00
  • Income Annual Rental: 78000
  • Income Gross Scheduled: 78000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Maintenance
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2019
Closed on
Jul 13, 2019
Sold by
Chen Chang Hsia Fang and Chen Chang Su
Bought by
Chau Norman
Seller's Agent
Andy Gan
Berkshire Hathaway Home Services California Realty
Buyer's Agent
Dennis Phan
Compass
List Price
$1,788,000
Sold Price
$2,000,000
Premium/Discount to List
$212,000
11.86%
Current Estimated Value
$2,354,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,939
Avg. Annual Appreciation
2.66%

Purchase Details

Closed on
Nov 17, 1997
Sold by
Texas Commerce Bank Na
Bought by
Chen Chang Hsiao Fang and Chen Chang Su

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.12%

Purchase Details

Closed on
May 7, 1997
Sold by
Mendoza Rizalino R
Bought by
Texas Commerce Bank Na
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
Chau Norman $2,000,000 First American Title Company
Chen Chang Hsiao Fang $405,000 Old Republic Title Ins Compa
Texas Commerce Bank Na $346,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Chang Hsiao Fang $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2019 07/25/19 Sold $2,000,000 +11.9% $1,010 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $1,788,000 -- $903 / 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 $27,035 $2,187,288 $1,312,373 $874,915
2023 $27,035 $2,102,355 $1,261,413 $840,942
2022 $25,675 $2,061,133 $1,236,680 $824,453
2021 $25,406 $2,020,720 $1,212,432 $808,288
2020 $24,385 $2,000,000 $1,200,000 $800,000
2019 $8,494 $579,706 $289,853 $289,853
2018 $7,865 $568,340 $284,170 $284,170
2017 $7,528 $557,198 $278,599 $278,599
2016 $7,134 $546,274 $273,137 $273,137
2015 $6,911 $538,070 $269,035 $269,035
2014 $6,763 $527,530 $263,765 $263,765
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Andy Gan

    Berkshire Hathaway Home Services California Realty

    Section Image

  • D

    Buyer's Agent in 2019

    Dennis Phan

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81756549

MLSListings

APN: 039-397-010

California San Mateo County San Mateo 94403 Beresford Park

3040 Flores St, San Mateo, CA

This home is located at 3040 Flores St, San Mateo, CA 94403 since 14 June 2019 and is currently estimated at $2,354,939, approximately $1,189 per square foot. This property was built in 1940. 3040 Flores St is a home located in San Mateo County with nearby schools including Laurel Elementary School, Abbott Middle School, and Hillsdale High School.

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