NOT LISTED FOR SALE

3467 Michael Dr Redwood City, CA 94063

Friendly Acres Neighborhood

Estimated Value: $1,590,000 - $2,183,960

5 Beds
4 Baths
1,973 Sq Ft
$912/Sq Ft Est. Value

Last Sold November 23, 2021

Last sale price $1,630,000 $826 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $11,685/month

3 Days on Market

Highlights

  • Granite Countertops
  • Double Pane Windows
  • Forced Air Heating System
  • Sequoia High School Rated A
  • Tile Flooring
  • Security Fence

About This Home

As of November 2021

Duplex in ideal Redwood City location available now! You can feel the great condition property is in the minute you step inside. Ample updated kitchens with granite counter tops. Large driveways fit 4 car on one side and 6 cars on the other side. 2 car attached garage for one side and 1 car attached garage for the other side. Roof about 10 years old. Newer central heating for more efficiency and comfort during winter. Very nice laminate and tile flooring.

Last Agent to Sell the Property

Gerardo Aguilar

1 Team Realtors License #01161508 Listed on: 10/25/2021

Last Buyer's Agent

Xiaozhu Kang

Compass License #01999507

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,031

Year Built

  • 1974

Lot Details

  • 5,981 Sq Ft Lot
  • Security Fence

Parking

  • 3 Car Garage
  • Uncovered Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,973 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $90,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,000
  • Trash Expense $100
  • Operating Expense $21,100
  • Gross Income $89,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,031

Year Built

1974

Lot Details

0

Parking

3

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 47
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1974

Interior Features

  • Kitchen: Countertop - Granite
  • Living Sq Ft: 1973
  • Stories: 1
  • Security: Security Fence
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 10
  • Garage Parking Features: Attached Garage, Room For Oversized Vehicle, Uncovered Parking

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1373
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5980.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5980.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.33
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1000
  • Expenses Total: 21100
  • Expense Trash: 100
  • Income Annual Gross: 89100.00
  • Income Annual Rental: 90000
  • Income Gross Scheduled: 90000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Tenant Expenses: All Expenses, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2021
Closed on
Nov 17, 2021
Sold by
Sanchez Francisco and Sanchez Marta
Bought by
Zhu Chaoqun and Zhu Qi
Seller's Agent
Gerardo Aguilar
1 Team Realtors
Buyer's Agent
Xiaozhu Kang
Compass
List Price
$1,650,000
Sold Price
$1,630,000
Premium/Discount to List
-$20,000
-1.21%
Current Estimated Value
$1,798,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,490
Avg. Annual Appreciation
2.26%
Original Mortgage
$1,222,500
Outstanding Balance
$1,127,244
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$642,310

Purchase Details

Closed on
Aug 16, 2006
Sold by
Sanchez Marta and Sanchez Francisco
Bought by
Sanchez Francisco and Sanchez Marta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2004
Sold by
Sanchez Luz Elena
Bought by
Sanchez Francisco and Sanchez Marta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2003
Sold by
Sanchez Francisco
Bought by
Sanchez Marta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
5.98%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 19, 2002
Sold by
Sanchez Javier
Bought by
Sanchez Javier and Sanchez Luz Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,000
Interest Rate
5.54%

Purchase Details

Closed on
Mar 16, 1998
Sold by
Sanchez Luz Elena
Bought by
Sanchez Javier

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
7.02%
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
Zhu Chaoqun $1,630,000 Chicago Title Company
Sanchez Francisco -- Financial Title Company
Sanchez Francisco -- Financial Title Company
Sanchez Marta -- Placer Title Company
Sanchez Luz Elena -- Placer Title Company
Sanchez Javier -- Fidelity National Title
Sanchez Javier -- Old Republic Title Ins Compa
Sanchez Francisco $319,500 Old Republic Title Ins Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhu Chaoqun $1,222,500
Previous Owner Sanchez Francisco $800,000
Previous Owner Sanchez Francisco $657,000
Previous Owner Sanchez Francisco $559,450
Previous Owner Sanchez Francisco $577,482
Previous Owner Sanchez Francisco $610,000
Previous Owner Sanchez Francisco $562,500
Previous Owner Sanchez Marta $455,000
Previous Owner Sanchez Francisco $298,000
Previous Owner Sanchez Francisco $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2021 11/23/21 Sold $1,630,000 -1.2% $826 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $1,650,000 -- $836 / 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 $21,031 $1,729,768 $1,379,570 $350,198
2023 $21,031 $1,662,600 $1,326,000 $336,600
2022 $19,712 $1,630,000 $1,300,000 $330,000
2021 $7,216 $470,555 $141,162 $329,393
2020 $7,086 $465,731 $139,715 $326,016
2019 $7,007 $456,600 $136,976 $319,624
2018 $6,725 $447,648 $134,291 $313,357
2017 $6,331 $438,871 $131,658 $307,213
2016 $6,114 $430,267 $129,077 $301,190
2015 $5,875 $423,805 $127,139 $296,666
2014 $5,726 $415,504 $124,649 $290,855
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Gerardo Aguilar

    1 Team Realtors

    Section Image

  • X

    Buyer's Agent in 2021

    Xiaozhu Kang

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81867119

MLSListings

APN: 055-071-340

California San Mateo County Redwood City 94063 Friendly Acres

3467 Michael Dr, Redwood City, CA

This home is located at 3467 Michael Dr, Redwood City, CA 94063 since 25 October 2021 and is currently estimated at $1,798,490, approximately $911 per square foot. This property was built in 1974. 3467 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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