NOT LISTED FOR SALE

Estimated Value: $1,839,000 - $2,048,780

5 Beds
3 Baths
2,638 Sq Ft
$733/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $1,720,000 $652 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $11,105/month

143 Days on Market

Highlights

  • Forced Air Heating System
  • Parkside Montessori (PK-8) Rated A
  • 1-Story Property

About This Home

As of January 2024

Tucked in the water adjacent community of Los Prados, in San Mateo, CA, this well maintained duplex offers a functional investment for either a primary residence, or for expanding any real estate portfolio. 3314 Los Prados St has 2 beds, 1 bath, & is currently tenant- occupied. 3312 Los Prados St has 3 beds, 2 baths, & is currently vacant & ready to be called home. Thoughtfully updated, each unit showcases charming details, an abundance of natural light, & functional floor plan. Owner/tenant can each enjoy complete privacy. Both units enter into the foyer & open to a large living room. Sliding glass doors lead to the yard, a sanctuary for basking in the sun or growing bountiful veggies. The kitchen/dining room are easily accessible from the living room, great for enjoying nights cooking w/ family. Close to parks, tennis courts, playground, waterfront walking trails, Wholefoods, the Benjamin Franklin buildings, & the 101, this San Mateo location glistens w/ amenities & convenience.

Last Agent to Sell the Property

Alisa Ruiz-Johnson

Christie's International Real Estate Sereno License #00901508 Listed on: 07/14/2023

Christie's International Real Estate Sereno

Last Buyer's Agent

Jose Yee

DCP Realty License #00806295

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,829

Year Built

  • 1960

Lot Details

  • 5,998

Home Design

  • Duplex
  • Rolled or Hot Mop Roof

Interior Spaces

  • 2,638 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Additional Features

  • 5,998 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $34,800

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $100
  • Insurance Expense $2,000
  • Maintenance Expense $1,000
  • Manager Expense $200
  • Operating Expense $15,000
  • Gross Income $33,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,829

Year Built

1960

Lot Details

0

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2638
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 2638
  • Stories: 1

Exterior Features

  • Foundation: Crawl Space
  • Roof: Rolled Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Off-Street Parking

Utilities

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

Lot Info

  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Lease(s)
  • Gross Rent Multiplier: 51.72
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 100
  • Expense Maintenance: 1000
  • Expense Management: 200
  • Expenses Total: 15000
  • Income Annual Gross: 33060.00
  • Income Annual Rental: 34800
  • Income Gross Scheduled: 34800
  • Income Includes: Lease
  • Number Of Buildings: 1
  • Tenant Expenses: Services - Trash Removal, Utilities - Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Dec 5, 2023
Sold by
Bready Family Lp
Bought by
Chen Guanghong and Zhao Lingyan
Seller's Agent
Alisa Ruiz-Johnson
Christie's International Real Estate Sereno
Buyer's Agent
Jose Yee
DCP Realty
List Price
$1,800,000
Sold Price
$1,720,000
Premium/Discount to List
-$80,000
-4.44%
Views
169
Current Estimated Value
$1,933,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,195
Avg. Annual Appreciation
6.67%
Original Mortgage
$700,000
Outstanding Balance
$649,095
Interest Rate
6.56%
Mortgage Type
New Conventional
Estimated Equity
$1,284,100
Source: Public Records

Range of Values:

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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
Chen Guanghong $1,720,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Guanghong $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2024 01/08/24 Sold $1,720,000 -4.4% $652 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
07/14/2023 07/14/23 For Sale $1,800,000 -- $682 / 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 $11,829 $1,754,400 $1,183,200 $571,200
2023 $11,829 $738,844 $369,422 $369,422
2022 $11,709 $724,358 $362,179 $362,179
2021 $11,614 $710,156 $355,078 $355,078
2020 $10,650 $702,876 $351,438 $351,438
2019 $10,775 $689,096 $344,548 $344,548
2018 $9,759 $675,586 $337,793 $337,793
2017 $9,705 $662,340 $331,170 $331,170
2016 $9,412 $649,354 $324,677 $324,677
2015 $9,060 $639,602 $319,801 $319,801
2014 $8,683 $627,074 $313,537 $313,537
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81934607

MLSListings

APN: 040-412-030