NOT LISTED FOR SALE

3431 Michael Dr Redwood City, CA 94063

Friendly Acres Neighborhood

Estimated Value: $1,583,000 - $1,862,368

5 Beds
3 Baths
2,653 Sq Ft
$653/Sq Ft Est. Value

Last Sold June 20, 2013

Last sale price $801,000 $302 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $10,309/month

13 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 1-Story Property
  • Sequoia High School Rated A

About This Home

As of June 2013

Duplex Boasts Pride of Ownership! Spacious rear unit with 3bd/2ba/1car garage/sep laundry room/kitchen with SS appliances/landscaped backyard with patio/living room with fireplace/dining area leads to backyard. Front unit has 2bd/1ba/1 car garage/sep laundry room/recently remodeled kitchen/large bedrooms & closets/fenced front yard.

Last Agent to Sell the Property

Denette Bartoli

Terrace Associates License #01759625 Listed on: 05/03/2013

Last Buyer's Agent

Ayesha Sikandar

Corcoran Icon Properties License #01876156

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,988

Year Built

  • 1963

Lot Details

  • Sprinkler System

Parking

  • Private Parking

Home Design

  • Duplex
  • Tar and Gravel Roof

Interior Spaces

  • 2,653 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $2,000
  • The owner pays for garbage, water

Community Details

Overview

  • 2 Units
  • 2,653 Sq Ft Building

Building Details

  • Operating Expense $4,158
  • Gross Income $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,988

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R200
  • Subclass: Duplex
  • Age: 50
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 301.92
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2653
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 2653
  • Stories: 1
  • Laundry: 220 Volt Outlet, Laundry Area - In All Units
  • Flooring: Hardwood - Partial, Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Roof: Tar And Gravel
  • Yard/Grounds: Sprinklers - Lawn

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7150.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7150.00
  • Lot Size Area Min Search: 7150.00
  • Maximum Lot Size: 7150.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 414.50

Multi Family

  • Expenses Total: 4158
  • Income Annual Gross: 2000.00
  • Income Annual Rental: 2000
  • Income Gross Scheduled: 2000
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Insurance, Fee - Property Tax, Services - Sewer
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Services - Gardener/Landscaping, Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2013
Closed on
Jun 10, 2013
Sold by
Rien James B and Rien Kathleen V
Bought by
Csaszar Peter and Hong Oi Saeng
Seller's Agent
Denette Bartoli
Terrace Associates
Buyer's Agent
Ayesha Sikandar
Corcoran Icon Properties
List Price
$829,000
Sold Price
$801,000
Premium/Discount to List
-$28,000
-3.38%
Current Estimated Value
$1,731,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$930,842
Avg. Annual Appreciation
6.33%
Original Mortgage
$520,650
Outstanding Balance
$373,029
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$1,324,219
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
Csaszar Peter $810,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Csaszar Peter $520,650
Previous Owner Rien James B $350,000
Previous Owner Rien James B $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2013 06/20/13 Sold $801,000 -3.4% $302 / Sq Ft
05/16/2013 05/16/13 Pending -- -- --
05/03/2013 05/03/13 For Sale $829,000 -- $312 / 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 $12,988 $986,359 $701,908 $284,451
2023 $12,988 $948,059 $674,653 $273,406
2022 $12,167 $929,471 $661,425 $268,046
2021 $12,009 $911,247 $648,456 $262,791
2020 $11,815 $901,904 $641,807 $260,097
2019 $11,719 $884,221 $629,223 $254,998
2018 $11,312 $866,885 $616,886 $249,999
2017 $10,868 $849,889 $604,791 $245,098
2016 $10,589 $833,226 $592,933 $240,293
2015 $10,181 $820,711 $584,027 $236,684
2014 $9,949 $804,635 $572,587 $232,048
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Denette Bartoli

    Terrace Associates

    (650) 787-9885

    2 Total Sales

    Denette Bartoli
    Section Image
  • Ayesha Sikandar

    Buyer's Agent in 2013

    Ayesha Sikandar

    Corcoran Icon Properties

    (650) 714-9696

    1 Total Sale

    Ayesha Sikandar
    Section Image
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Map

Source: MLSListings

MLS Number: ML81314917

MLSListings

APN: 055-071-210

California San Mateo County Redwood City 94063 Friendly Acres

3431 Michael Dr, Redwood City, CA

This home is located at 3431 Michael Dr, Redwood City, CA 94063 since 03 May 2013 and is currently estimated at $1,731,842, approximately $652 per square foot. This property was built in 1963. 3431 Michael Dr is a home located in San Mateo County with nearby schools including Taft Elementary School, John F. Kennedy Middle School, and Sequoia High School.

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