NOT LISTED FOR SALE

Estimated Value: $2,347,000 - $3,151,120

4 Beds
4 Baths
4,033 Sq Ft
$647/Sq Ft Est. Value

Last Sold August 14, 2013

Last sale price $1,400,000 $347 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $16,928/month

5 Days on Market

Highlights

  • Forced Air Zoned Heating System
  • Highlands Elementary School Rated A-
  • Carpet

About This Home

As of August 2013

Great looking Laurelwood duplex located at the corner of Glendora and Overland, just steps from the Laurelwood Shopping Center. The identical side-by-side units feature a large 2 bed/ 2 bath living area on the second floor, above the private & attached 2-car garages and separate laundry rooms. Both enjoy an eat-in kitchen, fireplace, private yard.

Last Agent to Sell the Property

Suheil Sahouria

Bruce H. Bean, Broker License #01408008 Listed on: 08/01/2013

Last Buyer's Agent

Bob Guglielmi

SC Properties License #00642075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,073

Year Built

  • 1964

Lot Details

  • 6,621

Parking

  • Private Parking

Home Design

  • Duplex
  • Slab Foundation
  • Ceiling Insulation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,033 Sq Ft Home
  • 2-Story Property
  • Carpet

Kitchen

  • Oven or Range
  • Dishwasher

Utilities

  • Forced Air Zoned Heating System
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $72,000
  • The owner pays for garbage, services - gardener/landscaping

Community Details

Overview

  • 4,033 Sq Ft Building

Building Details

  • Gardener Expense $750
  • Insurance Expense $1,800
  • Maintenance Expense $1,000
  • Operating Expense $20,232
  • Gross Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,073

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Duplex
  • Age: 49
  • Inspections Reports: Fault Zone, Pest Control, Flood Zone
  • Sale Price Per Sq Ft: 347.14
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 4033
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Dishwasher, Oven Range, Refrigerator
  • Living Sq Ft: 4033
  • Stories: 2
  • Laundry: Washer/Dryer - All Units, Laundry Area - In Unit
  • Flooring: Carpet

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle, Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Spaces Per Unit - 1

Utilities

  • Heating System: Heating - 2+ Zones, Central Forced Air, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6500.00
  • Lot Size Area Min Search: 6500.00
  • Maximum Lot Size: 6500.00

Green Features

  • Energy Features: Ceiling Insulation

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.10

Multi Family

  • Expense Insurance: 1800
  • Expense Landscape: 750
  • Expense Maintenance: 1000
  • Expenses Total: 20232
  • Income Annual Gross: 72000.00
  • Income Annual Rental: 72000
  • Income Gross Scheduled: 72000
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Insurance, Maintenance - Repair, Fee - Property Tax
  • Owner Pays: Garbage, Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2013
Closed on
Aug 9, 2013
Sold by
Beck Robert N
Bought by
Monfredlini James J and Monfredlini Lee Ann
Seller's Agent
Suheil Sahouria
Bruce H. Bean, Broker
Buyer's Agent
Bob Guglielmi
SC Properties
List Price
$1,375,000
Sold Price
$1,400,000
Premium/Discount to List
$25,000
1.82%
Current Estimated Value
$2,755,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,355,785

Purchase Details

Closed on
Dec 13, 2007
Sold by
Beck Margaret K
Bought by
Beck Robert N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
6.21%
Mortgage Type
Negative Amortization
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
Monfredlini James J $1,400,000 Old Republic Title Company
Beck Robert N -- Chicago Title Co
Beck Robert N -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beck Robert N $715,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2013 08/14/13 Sold $1,400,000 +1.8% $347 / Sq Ft
08/06/2013 08/06/13 Pending -- -- --
08/01/2013 08/01/13 For Sale $1,375,000 -- $341 / 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 $22,073 $1,716,200 $858,100 $858,100
2023 $22,073 $1,649,560 $824,780 $824,780
2022 $21,604 $1,617,216 $808,608 $808,608
2021 $21,295 $1,585,506 $792,753 $792,753
2020 $20,320 $1,569,250 $784,625 $784,625
2019 $19,832 $1,538,482 $769,241 $769,241
2018 $18,915 $1,508,316 $754,158 $754,158
2017 $18,896 $1,478,742 $739,371 $739,371
2016 $18,243 $1,449,748 $724,874 $724,874
2015 $17,594 $1,427,972 $713,986 $713,986
2014 $16,587 $1,400,000 $700,000 $700,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81327976

MLSListings

APN: 041-302-010