NOT LISTED FOR SALE

312 San Jose Ave Millbrae, CA 94030

Estimated Value: $1,640,000 - $1,893,000

4 Beds
2 Baths
2,174 Sq Ft
$808/Sq Ft Est. Value

Last Sold June 07, 2016

Last sale price $1,225,000 $563 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $10,788/month

7 Days on Market

Highlights

  • 1 Car Detached Garage
  • Washer and Dryer
  • 1-Story Property
  • Taylor Middle School Rated A-

About This Home

As of June 2016

Great Investment opportunity! Two homes in one lot, each unit features 2 bedrooms one bath. The unit in 312 San Jose Ave has been completely remodeled.Large kitchen with brand new appliances. In unit washer and dryer.. Seperate small Yard. Well located for easy commute, shopping. Children park nearby, plus Millbrae schools.

Last Agent to Sell the Property

Mijgon Ferozy

EXP Realty of California, Inc License #01342283 Listed on: 05/16/2016

EXP Realty of California, Inc

Last Buyer's Agent

Frank Cooke

Better Homes and Gardens Real Estate JFF License #00902691

Better Homes and Gardens Real Estate JFF

Property Details

Home Type

  • Multi-Family

Year Built

  • 1953

Lot Details

  • 4,008 Sq Ft Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,174 Sq Ft Home
  • 1-Story Property
  • Oven or Range
  • Washer and Dryer

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $55,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Operating Expense $18,000
  • Gross Income $54,684

Property Details

Home Type

Multi-Family

Year Built

1953

Lot Details

0

Parking

1

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2174
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1953

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 2174
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Lot Info

  • Lot Acres: 0.0920
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4000.00

Rental Info

  • Existing Lease Term(s): Lease(s)
  • Gross Rent Multiplier: 19.71
  • Number Of Leased: 2

Multi Family

  • Expenses Total: 18000
  • Income Annual Gross: 54684.00
  • Income Annual Rental: 55800
  • Income Gross Scheduled: 55800
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2016
Closed on
Jun 3, 2016
Sold by
Sm Tran Ii Llc
Bought by
Hoeck Kenneth F
Seller's Agent
Mijgon Ferozy
EXP Realty of California, Inc
Buyer's Agent
Frank Cooke
Better Homes and Gardens Real Estate JFF
List Price
$1,100,000
Sold Price
$1,225,000
Premium/Discount to List
$125,000
11.36%
Current Estimated Value
$1,757,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$532,507
Avg. Annual Appreciation
3.81%
Original Mortgage
$442,000
Outstanding Balance
$352,012
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$1,405,495

Purchase Details

Listed on
Jun 2, 2014
Closed on
Jun 18, 2014
Sold by
Mirabella Frank J
Bought by
S M Tran Ii Llc
Seller's Agent
Margaret Galante
Compass
Buyer's Agent
Mijgon Ferozy
EXP Realty of California, Inc
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.38%

Purchase Details

Listed on
Jun 2, 2014
Closed on
Jun 16, 2014
Sold by
Mirabella Martha A
Bought by
Mirabella Frank J
Seller's Agent
Margaret Galante
Compass
Buyer's Agent
Mijgon Ferozy
EXP Realty of California, Inc
List Price
$850,000
Sold Price
$850,000

Purchase Details

Closed on
Oct 20, 2011
Sold by
Mirabella Martha A and Mirabella Frank J
Bought by
Mirabella Frank J and Mirabella Martha A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2011
Sold by
Mirabella Maria
Bought by
Mirabella Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 1998
Sold by
Clifford John E and Demartini Clifford Patricia Ann
Bought by
Mirabella Frank J and Mirabella Frank J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
6.95%

Purchase Details

Closed on
Jul 27, 1998
Sold by
Clifford John E and Clifford Pat D
Bought by
Clifford John E and Demartini Clifford Patricia Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
6.95%

Purchase Details

Closed on
May 27, 1998
Sold by
George Denis and George Georgiana D
Bought by
Clifford John E and Clifford Pat D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,600
Interest Rate
5.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hoeck Kenneth F $1,225,000 Fidelity National Title Co
S M Tran Ii Llc $850,000 Old Republic Title Company
Mirabella Frank J -- Old Republic Title Company
Mirabella Frank J -- North American Title Co Inc
Mirabella Frank -- North American Title Co Inc
Mirabella Frank J $349,000 North American Title Insuran
Clifford John E -- North American Title Insuran
Clifford John E $297,000 North American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoeck Kenneth F $442,000
Previous Owner Mirabella Frank $231,000
Previous Owner Mirabella Frank J $279,200
Previous Owner Clifford John E $237,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/07/2016 06/07/16 Sold $1,225,000 +11.4% $563 / Sq Ft
05/24/2016 05/24/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $1,100,000 +29.4% $506 / Sq Ft
06/20/2014 06/20/14 Sold $850,000 0.0% $391 / Sq Ft View Prior Sale
06/10/2014 06/10/14 Pending -- -- --
06/02/2014 06/02/14 For Sale $850,000 -- $391 / 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 $19,943 $1,450,144 $1,118,685 $331,459
2023 $19,943 $1,393,835 $1,075,246 $318,589
2022 $15,719 $1,366,506 $1,054,163 $312,343
2021 $15,544 $1,339,713 $1,033,494 $306,219
2020 $15,293 $1,325,977 $1,022,897 $303,080
2019 $14,934 $1,299,979 $1,002,841 $297,138
2018 $14,644 $1,274,490 $983,178 $291,312
2017 $14,335 $1,249,500 $963,900 $285,600
2016 $10,289 $880,202 $440,101 $440,101
2015 $10,221 $866,982 $433,491 $433,491
2014 $5,446 $446,315 $134,275 $312,040
Source: Public Records

Agents Affiliated with this Home

  • Mijgon Ferozy

    Seller's Agent in 2016

    Mijgon Ferozy

    EXP Realty of California, Inc

    (650) 285-9474

    4 Total Sales

    Mijgon Ferozy
    Section Image

  • F

    Buyer's Agent in 2016

    Frank Cooke

    Better Homes and Gardens Real Estate JFF

    Section Image

  • M

    Seller's Agent in 2014

    Margaret Galante

    Compass

See All Agents

Map

Source: MLSListings

MLS Number: ML81585851

MLSListings

APN: 021-304-090

California San Mateo County Millbrae 94030

312 San Jose Ave, Millbrae, CA

Not Listed for Sale

MultiFamily

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