NOT LISTED FOR SALE

3470 Glendora Dr San Mateo, CA 94403

San Mateo Knolls Neighborhood

Estimated Value: $2,888,000 - $3,704,522

6 Beds
4 Baths
4,625 Sq Ft
$671/Sq Ft Est. Value

Last Sold December 19, 2023

Last sale price $2,680,000 $579 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $19,038/month

10 Days on Market

Highlights

  • Mountain View
  • Vaulted Ceiling
  • 4 Car Attached Garage
  • Highlands Elementary School Rated A-
  • Granite Countertops
  • 1-minute walk to Laurelwood Park

About This Home

As of December 2023

Compass Commercial is pleased to present 1401 Cherrywood & 3470 Glendora Drive, quite possibly the most LUXURIOUS duplex in the City of San Mateo. Located on a massive 12,125 square foot corner lot directly across from Laurelwood Park, this exceptionally well-maintained property offers an excellent opportunity for homeownership, investment, or both. Featuring two separate units, one-unit facing Glendora and the other facing Cherrywood, both units truly have that Single Family Home feel. Each unit is a 3-Bedroom/2-Bathroom with roughly 1,900 square feet of livable space and a 445 square foot two-car garage, at a total square footage per county record of 4,625 square feet. Both units have had extensive renovations as you can see in the photo gallery. Each units is separately metered for all utilities including separate water meters, and both units have in-unit washer/dryers, operating fireplaces, stainless steel appliances and private spacious backyards.

Last Agent to Sell the Property

Nathan Gustavson

Compass License #01898316 Listed on: 11/13/2023

Compass

Co-Listed By

Cameron Foster

Cameron Foster License #00972394

Last Buyer's Agent

Delia Fei

Compass License #01217572

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,255

Year Built

  • 1977

Lot Details

  • 0.28 Acre Lot

Parking

  • 4 Car Attached Garage

Property Views

  • Mountain
  • Park or Greenbelt

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,625 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Fire and Smoke Detector
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

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

Listing and Financial Details

  • Total Actual Rent $119,880

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,660
  • Insurance Expense $2,500
  • Maintenance Expense $7,518
  • Other Expense $4,347
  • Operating Expense $46,785
  • Gross Income $116,284

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,255

Year Built

1977

Lot Details

0

Parking

4

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 46
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4625
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven - Electric, Pantry, Refrigerator, Varies By Unit
  • Living Sq Ft: 4625
  • Stories: 1
  • Security: Fire Alarm
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Shingle
  • View: Mountains, Park

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Schools

  • School District: San Mateo Union High
  • Elementary School: Highlands Elementary
  • Middle School: Abbott Middle
  • High School: Hillsdale High
  • High School: 641
  • Elementary School: 640
  • Middle School: 600

Lot Info

  • Lot Acres: 0.2784
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12125.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12125.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 22.73
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2500
  • Expense Landscape: 1660
  • Expense Maintenance: 7518
  • Expenses Other: 4347
  • Expenses Total: 46785
  • Income Annual Gross: 116284.00
  • Income Annual Rental: 119880
  • Income Gross Scheduled: 119880
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2001
Sold by
Gustafson Ventures Llc
Bought by
Weiguo Zhen And Qing Lu Trust and Lu
Current Estimated Value
$3,101,631
Source: Public Records

Range of Values:

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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
Weiguo Zhen And Qing Lu Trust $2,680,000 First American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2023 12/19/23 Sold $2,680,000 -1.7% $579 / Sq Ft
11/24/2023 11/24/23 Pending -- -- --
11/13/2023 11/13/23 For Sale $2,725,000 -- $589 / 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 $33,255 $2,733,600 $1,387,200 $1,346,400
2023 $33,255 $293,079 $53,265 $239,814
2022 $6,371 $287,333 $52,221 $235,112
2021 $5,896 $281,700 $51,198 $230,502
2020 $5,969 $278,813 $50,674 $228,139
2019 $5,479 $273,347 $49,681 $223,666
2018 $5,243 $267,988 $48,707 $219,281
2017 $5,133 $262,734 $47,752 $214,982
2016 $4,818 $257,583 $46,816 $210,767
2015 $5,001 $253,715 $46,113 $207,602
2014 $4,826 $248,746 $45,210 $203,536
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nathan Gustavson

    Compass

    (415) 874-5000

    4 in this area

    60 Total Sales

    Nathan Gustavson
    Section Image

  • C

    Seller Co-Listing Agent in 2023

    Cameron Foster

    Cameron Foster

    (650) 548-9660

    4 in this area

    38 Total Sales

    Cameron Foster
    Section Image
  • Delia Fei

    Buyer's Agent in 2023

    Delia Fei

    Compass

    (650) 269-3422

    1 in this area

    49 Total Sales

    Delia Fei
    Section Image
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Map

Source: MLSListings

MLS Number: ML81947845

MLSListings

APN: 041-512-210

California San Mateo County San Mateo 94403 San Mateo Knolls

3470 Glendora Dr, San Mateo, CA

This home is located at 3470 Glendora Dr, San Mateo, CA 94403 since 13 November 2023 and is currently estimated at $3,101,631, approximately $670 per square foot. This property was built in 1977. 3470 Glendora Dr is a home located in San Mateo County with nearby schools including Highlands Elementary School, Abbott Middle School, and Hillsdale High School.

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