NOT LISTED FOR SALE

3715 Colegrove St San Mateo, CA 94403

Westwood Knolls Neighborhood

Estimated Value: $1,706,000 - $2,012,285

4 Beds
2 Baths
2,354 Sq Ft
$766/Sq Ft Est. Value

Last Sold April 17, 2024

Last sale price $1,750,000 $743 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $10,352/month

7 Days on Market

Highlights

  • Floor Furnace
  • Hillsdale High School Rated A+
  • 1-Story Property

About This Home

As of April 2024

Rare opportunity to purchase a charming duplex nestled in a delightful San Mateo neighborhood west of the El Camino and conveniently located near many amenities! This gem is just minutes away from the bustling Hillsdale Mall, 37th Ave. with restaurants & shops, plus the Hillsdale Caltrain Station. Each unit features a spacious living room with a wood burning fireplace, 2 bedrooms, 1 bathroom, a single car garage and a driveway. Additionally, each side has a private enclosed backyard; perfect for outdoor relaxation and entertainment. The combined living space is 2,354 sqft. according to county records and the units are mirror copies of each other. The building sits on a 5,035 sqft. flat lot. Unit 3715 is occupied by stable long-term tenants paying $2,750/unit/month plus all utilities. The 3717 side is currently vacant.

Last Agent to Sell the Property

Mark Martinho

Vabrato License #01372898 Listed on: 02/29/2024

Co-Listed By

Vivienne Kelvin

Vabrato License #01909927

Last Buyer's Agent

Johnson Woo

Maxreal License #01352325

Maxreal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,713

Year Built

  • 1947

Lot Details

  • 5,036

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,354 Sq Ft Home
  • 1-Story Property

Additional Features

  • 5,036 Sq Ft Lot
  • Floor Furnace

Listing and Financial Details

  • Total Actual Rent $66,000

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,800
  • Insurance Expense $2,000
  • Operating Expense $21,800
  • Gross Income $62,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,713

Year Built

1947

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 77
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2354
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Living Sq Ft: 2354
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Parking Area

Utilities

  • Heating System: Floor Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1156
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5035.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5035.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.65
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 1800
  • Expenses Total: 21800
  • Income Annual Gross: 62700.00
  • Income Annual Rental: 66000
  • Income Gross Scheduled: 66000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Exterminator, Services - Gardener
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2024
Closed on
Mar 16, 2024
Sold by
Mootz 1988 Survivors Trust and Mootz 1988 Exemption Trust
Bought by
Xiang Weina and Tseng Hsiao-Jung
Seller's Agent
Mark Martinho
Vabrato
Buyer's Agent
Johnson Woo
Maxreal
List Price
$1,495,000
Sold Price
$1,750,000
Premium/Discount to List
$255,000
17.06%
Views
28
Current Estimated Value
$1,803,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,321
Avg. Annual Appreciation
-3.22%
Original Mortgage
$1,400,000
Outstanding Balance
$1,378,426
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$298,141

Purchase Details

Closed on
Aug 9, 2019
Sold by
Mootz Peter J
Bought by
Mootz Yvonne M and Mootz 1988 Survivor S Trust

Purchase Details

Closed on
Jan 11, 2001
Sold by
Mootz Yvonne M
Bought by
Mootz Peter J

Purchase Details

Closed on
Nov 30, 2000
Sold by
Mootz Yvonne M
Bought by
Mootz Yvonne M
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
Xiang Weina $1,750,000 Stewart Title Of California
Mootz Yvonne M $22,500 None Available
Mootz Peter J -- --
Mootz Yvonne M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xiang Weina $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2024 04/17/24 Sold $1,750,000 +17.1% $743 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $1,495,000 -- $635 / 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 $4,713 $1,785,000 $1,111,800 $673,200
2023 $4,713 $117,557 $34,174 $83,383
2022 $4,215 $115,253 $33,504 $81,749
2021 $4,696 $112,995 $32,848 $80,147
2020 $3,922 $111,838 $32,512 $79,326
2019 $3,318 $109,646 $31,875 $77,771
2018 $2,984 $107,497 $31,250 $76,247
2017 $2,514 $105,390 $30,638 $74,752
2016 $2,390 $103,325 $30,038 $73,287
2015 $2,123 $101,774 $29,587 $72,187
2014 $1,938 $99,781 $29,008 $70,773
Source: Public Records

Agents Affiliated with this Home

  • Mark Martinho

    Seller's Agent in 2024

    Mark Martinho

    Vabrato

    (650) 346-1595

    4 in this area

    87 Total Sales

    Section Image
  • Vivienne Kelvin

    Seller Co-Listing Agent in 2024

    Vivienne Kelvin

    Vabrato

    (650) 291-7241

    4 in this area

    88 Total Sales

    Section Image
  • Johnson Woo

    Buyer's Agent in 2024

    Johnson Woo

    Maxreal

    (408) 816-7083

    1 in this area

    27 Total Sales

    Section Image

  • I

    Buyer Co-Listing Agent in 2024

    Irawaty Yang

    Maxreal

    (408) 621-9920

    1 in this area

    5 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81955880

MLSListings

APN: 042-161-320

California San Mateo County San Mateo 94403 Westwood Knolls

3715 Colegrove St, San Mateo, CA

This home is located at 3715 Colegrove St, San Mateo, CA 94403 since 29 February 2024 and is currently estimated at $1,803,321, approximately $766 per square foot. This property was built in 1947. 3715 Colegrove St is a home located in San Mateo County with nearby schools including Laurel Elementary School, Abbott Middle School, and Hillsdale High School.

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