NOT LISTED FOR SALE

Estimated Value: $2,488,000 - $3,457,086

5 Beds
4 Baths
3,800 Sq Ft
$739/Sq Ft Est. Value

Last Sold April 13, 2017

Last sale price $2,100,000 $553 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $17,891/month

5 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Balcony
  • Highlands Elementary School Rated A-
  • Granite Countertops
  • 4 Car Detached Garage

About This Home

As of April 2017

Beautifully updated Laurelwood duplex with a new roof and gutters plus new exterior paint and lots of space for a new owner or tenant. The 3-2 is vacant and market rent is approx $4,200 per month. Both kitchens have been updated with Granite and newer appliances and the 2br has refaced cabinets as well. Hardwood floors or attractive laminate are in both units. Windows are double pane glass. A previous owner has opened the wall between living rooms and kitchens giving both units a modern, open feel. You can see the fireplace from the kitchens, dining and living areas. Step from the dining area of either unit through sliding glass doors to the private, spacious back patios. This property is well located, very convenient to hwy 92 with easy access to the entire bay area but, you can't hear it! A few blocks in either direction takes you to Laurelwood shopping center or Laurelwood Park. College of San Mateo is nearby as well. The low maintenance lot is irrigated by sprinklers. A must see!

Last Agent to Sell the Property

Len Moore

Vilmont Investment Prop. License #00918100 Listed on: 03/23/2017

Last Buyer's Agent

Len Moore

Vilmont Investment Prop. License #00918100 Listed on: 03/23/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,242

Year Built

  • 1965

Lot Details

  • 0.25 Acre Lot
  • Fenced
  • Mostly Level
  • Grass Covered Lot
  • Back Yard

Parking

  • 4 Car Detached Garage
  • Garage Door Opener

Home Design

  • Duplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Ceiling Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,800 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Range Hood
  • Plumbed For Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $33,600

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,075
  • Insurance Expense $1,602
  • Maintenance Expense $11,369
  • Manager Expense $99
  • Other Expense $99
  • Utility Expense $99
  • Trash Expense $99
  • Operating Expense $32,210
  • Gross Income $32,592

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,242

Year Built

1965

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Style: Contemporary, Ranch
  • Age: 52
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Ice Maker, Oven - Electric, Oven - Self Cleaning, Oven Range - Electric, Pantry, Refrigerator, Varies By Unit
  • Living Sq Ft: 3800
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Laminate, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Detached Garage, Gate / Door Opener

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.2500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10880.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10880.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 52.05
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1602
  • Expense Landscape: 1075
  • Expense Maintenance: 11369
  • Expense Management: 99
  • Expenses Other: 99
  • Expenses Total: 32210
  • Expenses Utility: 99
  • Expense Trash: 99
  • Income Annual Gross: 32592.00
  • Income Annual Rental: 33600
  • Income Gross Scheduled: 33600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Depreciation, Fee - Property Tax, Insurance, Maintenance, Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2017
Closed on
Mar 31, 2017
Sold by
Lavezzo Stephen L and Lavezzo Julie
Bought by
Connor David J O
Seller's Agent
Len Moore
Vilmont Investment Prop.
Buyer's Agent
Len Moore
Vilmont Investment Prop.
List Price
$1,749,000
Sold Price
$2,100,000
Premium/Discount to List
$351,000
20.07%
Current Estimated Value
$2,807,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$707,272
Avg. Annual Appreciation
3.29%

Purchase Details

Closed on
Sep 22, 2010
Sold by
Lavezzo Ann M and Lavezzo James J
Bought by
Lavezzo Ann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2007
Sold by
Lavezzo James J and Lavezzo Ann M
Bought by
Lavezzo James J and Lavezzo Ann M

Purchase Details

Closed on
Nov 28, 2005
Sold by
Apostolopoulos Ronald
Bought by
Lavezzo James J and Lavezzo Ann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$835,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2004
Sold by
Apostolopoulos Ron and Apostolopoulos Ronald
Bought by
Apostolopoulos Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2004
Sold by
Apostolopoulos Haralambos and Apostolopoulos Catherine A
Bought by
Apostolopoulos Ron

Purchase Details

Closed on
Jun 21, 2001
Sold by
Lanza Allen F and Lanza Valerie D
Bought by
Apostolopoulos Haralambos and Apostolopoulos Catherine A

Purchase Details

Closed on
Aug 27, 1996
Sold by
Lanza Flora M
Bought by
Lanza Flora M
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
Connor David J O $2,100,000 Old Republic Title Company
Lavezzo Ann M -- Chicago Title Company
Lavezzo James J -- North American Title Company
Lavezzo James J $1,285,000 North American Title
Apostolopoulos Ronald -- First American Title Co
Apostolopoulos Ron -- --
Apostolopoulos Haralambos $942,000 Fidelity National Title Co
Lanza Flora M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lavezzo Ann M $533,850
Previous Owner Lavezzo James J $835,000
Previous Owner Apostolopoulos Ronald $300,000
Previous Owner Apostolopoulos Haralambos $200,000
Previous Owner Lanza Allen F $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2017 04/13/17 Sold $2,100,000 +20.1% $553 / Sq Ft
03/28/2017 03/28/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $1,749,000 -- $460 / 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 $30,242 $2,437,225 $1,375,292 $1,061,933
2023 $30,242 $2,342,587 $1,321,889 $1,020,698
2022 $29,528 $2,296,655 $1,295,970 $1,000,685
2021 $29,045 $2,251,623 $1,270,559 $981,064
2020 $27,865 $2,228,536 $1,257,531 $971,005
2019 $26,936 $2,184,840 $1,232,874 $951,966
2018 $26,228 $2,142,000 $1,208,700 $933,300
2017 $18,143 $1,451,314 $725,657 $725,657
2016 $18,200 $1,422,860 $711,430 $711,430
2015 $17,336 $1,401,490 $700,745 $700,745
2014 $15,327 $1,250,000 $625,000 $625,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81643333

MLSListings

APN: 041-302-060