NOT LISTED FOR SALE

Estimated Value: $2,489,000 - $3,260,181

5 Beds
4 Baths
3,862 Sq Ft
$714/Sq Ft Est. Value

Last Sold November 09, 2016

Last sale price $1,855,000 $480 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $16,393/month

8 Days on Market

Highlights

  • Tile Flooring
  • Forced Air Heating System
  • 1-Story Property
  • Highlands Elementary School Rated A-
  • Washer and Dryer

About This Home

As of November 2016

NEW LISTING! Fabulous duplex in sought after Laurelwood. Spacious 3bd/2ba and 2bd/2ba. Both units enjoy fireplaces, 2 car garages, laundry room and private backyard patios all on one level. Great opportunity for investors, owner occupied, scale down buyers and parents or children. Close to shopping. This is one you will not want to miss.

Last Agent to Sell the Property

Janice Woods

Compass License #00816718 Listed on: 10/10/2016

Last Buyer's Agent

Nora S. Noryko

Corcoran Icon Properties License #00686293

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,618

Year Built

  • 1969

Lot Details

  • 7,492 Sq Ft Lot

Parking

  • 4 Car Garage
  • Garage Door Opener

Home Design

  • Duplex

Interior Spaces

  • 3,862 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $98,400

Community Details

Overview

Building Details

  • Gardener Expense $1,800
  • Insurance Expense $1,500
  • Maintenance Expense $500
  • Trash Expense $600
  • Operating Expense $7,600
  • Gross Income $98,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,618

Year Built

1969

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Style: Ranch
  • Age: 47
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3862
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Refrigerator
  • Living Sq Ft: 3862
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Tile

Garage/Parking

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

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1720
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7501.03
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7501.03

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 17.23

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1500
  • Expense Landscape: 1800
  • Expense Maintenance: 500
  • Expenses Total: 7600
  • Expense Trash: 600
  • Income Annual Gross: 98400.00
  • Income Annual Rental: 98400
  • Income Gross Scheduled: 98400
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2016
Closed on
Nov 8, 2016
Sold by
Molinari Linda and Vinal Kate
Bought by
Noryko Michael W and Noryko Nora S
Seller's Agent
Janice Woods
Compass
Buyer's Agent
Nora S. Noryko
Corcoran Icon Properties
List Price
$1,695,000
Sold Price
$1,855,000
Premium/Discount to List
$160,000
9.44%
Current Estimated Value
$2,588,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$733,994

Purchase Details

Closed on
May 1, 2006
Sold by
Belluomini Agnes
Bought by
Belluomini Agnes
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
Noryko Michael W $1,855,000 Lawyers Title Company
Belluomini Agnes -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2016 11/09/16 Sold $1,855,000 +9.4% $480 / Sq Ft
10/19/2016 10/19/16 Pending -- -- --
10/10/2016 10/10/16 For Sale $1,695,000 -- $439 / 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 $26,618 $2,152,881 $1,340,474 $812,407
2023 $26,618 $2,069,284 $1,288,423 $780,861
2022 $26,255 $2,028,710 $1,263,160 $765,550
2021 $25,219 $1,988,933 $1,238,393 $750,540
2020 $24,967 $1,968,540 $1,225,695 $742,845
2019 $24,308 $1,929,942 $1,201,662 $728,280
2018 $23,054 $1,892,100 $1,178,100 $714,000
2017 $22,304 $1,855,000 $1,155,000 $700,000
2016 $3,118 $163,204 $37,297 $125,907
2015 $2,217 $160,753 $36,737 $124,016
2014 $2,111 $157,605 $36,018 $121,587
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81627825

MLSListings

APN: 041-304-140