NOT LISTED FOR SALE

35 Madrone Ave South San Francisco, CA 94080

Downtown South San Francis Neighborhood

Estimated Value: $1,398,000 - $1,814,769

4 Beds
2 Baths
3,215 Sq Ft
$493/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $1,280,000 $398 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $10,263/month

13 Days on Market

Highlights

  • Forced Air Heating System
  • South San Francisco High School Rated A-
  • Carpet

About This Home

As of February 2020

Duplex in excellent condition and great location. Each unit is a two bedroom and full bath with a one car garage. New class "A" fire rated fiberglass shingle roof installed May 2018, New forced air furnace installed January 2018, two new circuit breaker panels installed June 2018 and 50 gallon water heater replace in April 2019. Tenants currently on a month to month.

Last Agent to Sell the Property

Berta Tovar

Omarshall, Inc License #00614088 Listed on: 02/10/2020

Last Buyer's Agent

Rick Lei

Compass License #01885039

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,510

Year Built

  • 1959

Lot Details

  • 5,001

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Shingle Roof
  • Fiberglass Roof

Interior Spaces

  • 3,215 Sq Ft Home
  • 2-Story Property
  • Carpet

Additional Features

  • 5,001 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $63,300

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $540
  • Insurance Expense $900
  • Maintenance Expense $1,745
  • Manager Expense $3,726
  • Operating Expense $9,285
  • Gross Income $63,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,510

Year Built

1959

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3215
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 3215
  • Stories: 2
  • Flooring: Carpet

Exterior Features

  • Roof: Fiberglass, Shingle

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: South San Francisco Unified

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.35
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 900
  • Expense Landscape: 540
  • Expense Maintenance: 1745
  • Expense Management: 3726
  • Expenses Total: 9285
  • Income Annual Gross: 63300.00
  • Income Annual Rental: 63300
  • Income Gross Scheduled: 63300
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2020
Closed on
Feb 25, 2020
Sold by
Camilleri Joseph Francisco and The Camilleri Family Trust
Bought by
Wu Xin and Du Yiwen
Seller's Agent
Berta Tovar
Omarshall, Inc
Buyer's Agent
Rick Lei
Compass
List Price
$1,225,000
Sold Price
$1,280,000
Premium/Discount to List
$55,000
4.49%
Current Estimated Value
$1,585,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,192
Avg. Annual Appreciation
5.49%

Purchase Details

Closed on
Mar 20, 2006
Sold by
Camilleri Joseph and Camilleri Imelda
Bought by
Camilleri Joseph and Camilleri Imelda
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wu Xin $1,280,000 Fidelity National Title Co
Camilleri Joseph -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $1,280,000 +4.5% $398 / Sq Ft
02/24/2020 02/24/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $1,225,000 -- $381 / 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 $19,510 $1,809,903 $874,915 $934,988
2023 $19,510 $1,627,506 $840,942 $786,564
2022 $15,281 $1,319,124 $824,453 $494,671
2021 $15,082 $1,293,260 $808,288 $484,972
2020 $2,385 $95,689 $33,611 $62,078
2019 $2,373 $93,813 $32,952 $60,861
2018 $2,323 $91,974 $32,306 $59,668
2017 $2,196 $90,172 $31,673 $58,499
2016 $2,036 $88,404 $31,052 $57,352
2015 $2,000 $87,077 $30,586 $56,491
2014 $1,981 $85,372 $29,987 $55,385
Source: Public Records

Agents Affiliated with this Home

  • Berta Tovar

    Seller's Agent in 2020

    Berta Tovar

    Omarshall, Inc

    (650) 873-6844

    44 Total Sales

    Berta Tovar
    Section Image

  • R

    Buyer's Agent in 2020

    Rick Lei

    Compass

See All Agents

Map

Source: MLSListings

MLS Number: ML81782122

MLSListings

APN: 012-084-050

California San Mateo County South San Francisco 94080 Downtown South San Francis

35 Madrone Ave, South San Francisco, CA

This home is located at 35 Madrone Ave, South San Francisco, CA 94080 since 10 February 2020 and is currently estimated at $1,585,192, approximately $493 per square foot. This property was built in 1959. 35 Madrone Ave is a home located in San Mateo County with nearby schools including Martin Elementary School, Parkway Heights Middle School, and South San Francisco High School.

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