NOT LISTED FOR SALE

308 Susie Way South San Francisco, CA 94080

Sunshine Gardens Neighborhood

Estimated Value: $1,825,341 - $2,054,000

8 Beds
8 Baths
4,767 Sq Ft
$404/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $1,575,000 $330 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $11,953/month

10 Days on Market

Highlights

  • 4 Car Attached Garage
  • Carpet
  • Heating Available
  • El Camino High School Rated A-

About This Home

As of June 2018

Fourplex building. All 4 units are identical (2 bd & 1.5 bth). Low maintenance. On site coin operated laundry. Walking distance to BART. Easy access to freeways. Close to Costco, schools and Kaiser Medical Center. Great rental location. Good quiet tenants. No vacancies. Subject to tenant rights. Tenants pay their own PG&E. Drive by only, pls do not disturb tenants.

Last Agent to Sell the Property

Helen Meng

All Bay Property Inc. License #01217292 Listed on: 04/29/2018

Last Buyer's Agent

Helen Meng

All Bay Property Inc. License #01217292 Listed on: 04/29/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,109

Year Built

  • 1968

Lot Details

  • 3,485 Sq Ft Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 4,767 Sq Ft Home
  • 3-Story Property
  • Carpet

Utilities

  • Heating Available
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $83,400

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $2,803
  • Utility Expense $3,400
  • Trash Expense $1,524
  • Operating Expense $20,857
  • Gross Income $83,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,109

Year Built

1968

Lot Details

0

Parking

4

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Age: 50
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4767
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Living Sq Ft: 4767
  • Stories: 3
  • Flooring: Carpet

Exterior Features

  • Roof: Shingle

Garage/Parking

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

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: South San Francisco Unified

Lot Info

  • Lot Acres: 0.0800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3485.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3485.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.90
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 2803
  • Expenses Total: 20857
  • Expenses Utility: 3400
  • Expense Trash: 1524
  • Income Annual Gross: 83400.00
  • Income Annual Rental: 83400
  • Income Gross Scheduled: 83400
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Utilities, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2019
Sold by
Licorice 1031 Llc
Bought by
Htike Nay Lin and The Lin H Nay Family Trust
Current Estimated Value
$1,927,835

Purchase Details

Listed on
Apr 29, 2018
Closed on
Jun 27, 2018
Sold by
Zhang Hong and Hong Zhang Trust
Bought by
Licorice 1031 Llc
Seller's Agent
Helen Meng
All Bay Property Inc.
Buyer's Agent
Helen Meng
All Bay Property Inc.
List Price
$1,660,000
Sold Price
$1,575,000
Premium/Discount to List
-$85,000
-5.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.80%
Original Mortgage
$1,380,625
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 1, 2012
Closed on
Nov 16, 2012
Sold by
Kim Ok Kyung and Kim Se Ho
Bought by
Zhang Hong
Seller's Agent
Shin Kim
Keller Williams Palo Alto
Buyer's Agent
Helen Meng
All Bay Property Inc.
List Price
$975,000
Sold Price
$950,000
Premium/Discount to List
-$25,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.47%
Original Mortgage
$570,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2003
Sold by
Balcos Emmanuel G and Balcos Ophelia G
Bought by
Kim Se Ho and Kim Ok Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$601,300
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2001
Sold by
Lau Yin
Bought by
Balcos Emmanuel G and Balcos Ophelia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$598,500
Interest Rate
7.5%

Purchase Details

Closed on
Jun 4, 2001
Sold by
Chung Choi Har
Bought by
Lau Yin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.14%

Purchase Details

Closed on
Aug 17, 2000
Sold by
Tolomeo Ong
Bought by
Lau Yin and Chung Choi Har

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
8.15%

Purchase Details

Closed on
Jan 2, 1998
Sold by
Leung Josiah K Y and Wa Tam Elizabeth Wai
Bought by
Ong Tolomeo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
7.16%

Purchase Details

Closed on
Dec 31, 1997
Sold by
Ong Matilde
Bought by
Ong Tolemeo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
7.16%
Source: Public Records

Range of Values:

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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
Htike Nay Lin -- Old Republic Title Company
Licorice 1031 Llc $1,575,000 Chicago Title Co
Zhang Hong $950,000 Chicago Title Company
Kim Se Ho $880,000 Fidelity National Title Co
Balcos Emmanuel G $798,000 Fidelity National Title Co
Lau Yin $324,000 Chicago Title Insurance Co
Lau Yin $720,000 Fidelity National Title Co
Ong Tolomeo $395,000 First American Title Co
Ong Tolemeo -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Licorice 1031 Llc $1,380,625
Previous Owner Zhang Hong $570,000
Previous Owner Kim Se Ho $601,300
Previous Owner Balcos Emmanuel G $598,500
Previous Owner Lau Yin $520,000
Previous Owner Lau Yin $540,000
Previous Owner Ong Tolomeo $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2018 06/29/18 Sold $1,575,000 -5.1% $330 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
04/29/2018 04/29/18 For Sale $1,660,000 +74.7% $348 / Sq Ft
11/27/2012 11/27/12 Sold $950,000 -2.6% $199 / Sq Ft View Prior Sale
10/12/2012 10/12/12 Pending -- -- --
08/01/2012 08/01/12 For Sale $975,000 -- $205 / 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 $22,109 $1,792,076 $768,032 $1,024,044
2023 $22,109 $1,722,489 $738,209 $984,280
2022 $20,556 $1,688,716 $723,735 $964,981
2021 $20,279 $1,655,605 $709,545 $946,060
2020 $20,022 $1,638,630 $702,270 $936,360
2019 $19,817 $1,606,500 $688,500 $918,000
2018 $13,556 $1,028,144 $514,072 $514,072
2017 $13,129 $1,007,986 $503,993 $503,993
2016 $12,742 $988,222 $494,111 $494,111
2015 $12,532 $973,378 $486,689 $486,689
2014 $12,324 $954,312 $477,156 $477,156
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2018

    Helen Meng

    All Bay Property Inc.

  • Shin Kim

    Seller's Agent in 2012

    Shin Kim

    Keller Williams Palo Alto

    (415) 407-1090

    40 Total Sales

    Shin Kim
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Map

Source: MLSListings

MLS Number: ML81703088

MLSListings

APN: 011-262-260

California San Mateo County South San Francisco 94080 Sunshine Gardens

308 Susie Way, South San Francisco, CA

This home is located at 308 Susie Way, South San Francisco, CA 94080 since 29 April 2018 and is currently estimated at $1,927,835, approximately $404 per square foot. This property was built in 1968. 308 Susie Way is a home located in San Mateo County with nearby schools including Sunshine Gardens Elementary School, Parkway Heights Middle School, and El Camino High School.

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