NOT LISTED FOR SALE

38 W 5th Ave San Mateo, CA 94402

Baywood-Aragon Neighborhood

Estimated Value: $1,689,000 - $2,750,357

2 Beds
2 Baths
2,219 Sq Ft
$942/Sq Ft Est. Value

Last Sold December 21, 2017

Last sale price $1,801,000 $812 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $13,153/month

7 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Garage
  • 1-Story Property
  • Baywood Elementary School Rated A
  • Forced Air Heating System
  • 4-minute walk to San Mateo Central Park

About This Home

As of December 2017

Rarely available west side duplex in the heart of San Mateo. Charming 1939 vintage Duplex in original condition and well maintained. Each unit is one bedroom one bath with Grand living room with fireplace, Separate dining room. Hardwood floors throughout. Spacious kitchen. The front unit has upstairs master suite and attached one car garage with washer and dryer hookup. Back unit is one story and has a separate laundry area, backyard and detached garage. Half a block away from vibrant downtown San Mateo. Short walk to the great restaurants, movie theater, Draeger's market. Walk to Central park. Convenient access to SamTrans, CalTrain and more! Don't miss out on this rare investment opportunity!

Last Agent to Sell the Property

Fay Farzinpour

RE/MAX Gold Redwood Shores. License #01706035 Listed on: 11/14/2017

RE/MAX Gold Redwood Shores.

Last Buyer's Agent

Yanping Wang

Morgan Real Estate License #01855625

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,584

Year Built

  • 1939

Lot Details

  • 5,750

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,219 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Vinyl

Additional Features

  • 5,750 Sq Ft Lot
  • Forced Air Heating System

Community Details

Overview

  • 2,219 Sq Ft Building

Building Details

  • Insurance Expense $1,500
  • Operating Expense $9,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,584

Year Built

1939

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2219
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Living Sq Ft: 2219
  • Stories: 1
  • Flooring: Hardwood, Vinyl / Linoleum

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Acres: 0.1320
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5750.00

Rental Info

  • Existing Lease Term(s): Building Vacant

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1500
  • Expenses Total: 9400
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2017
Closed on
Dec 12, 2017
Sold by
Yoseph Joel Robert and Louise Zarhouhi Jorjrian 1998
Bought by
Yu Guang and Zhang Luyan
Seller's Agent
Fay Farzinpour
RE/MAX Gold Redwood Shores.
Buyer's Agent
Yanping Wang
Morgan Real Estate
List Price
$1,650,000
Sold Price
$1,801,000
Premium/Discount to List
$151,000
9.15%
Current Estimated Value
$2,089,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,839
Avg. Annual Appreciation
1.91%
Original Mortgage
$90,000
Outstanding Balance
$75,694
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$2,014,145

Purchase Details

Closed on
Feb 11, 1999
Sold by
Jorjorian Louise Z
Bought by
Jorjorian Louise Zarouhi and Louise Zarouhi Jorjorian 1998
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
Yu Guang $1,801,000 Old Republic Title Co
Jorjorian Louise Zarouhi -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yu Guang $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2017 12/21/17 Sold $1,801,000 +9.2% $812 / Sq Ft
11/22/2017 11/22/17 Pending -- -- --
11/14/2017 11/14/17 For Sale $1,650,000 0.0% $744 / Sq Ft
01/20/2015 01/20/15 Rented $2,300 0.0% --
01/20/2015 01/20/15 Under Contract -- -- --
01/20/2015 01/20/15 For Rent $2,300 -- --
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 $26,584 $1,760,000 $977,000 $783,000
2023 $26,584 $1,969,653 $1,093,645 $876,008
2022 $26,164 $1,931,033 $1,072,201 $858,832
2021 $25,497 $1,893,171 $1,051,178 $841,993
2020 $23,172 $1,873,760 $1,040,400 $833,360
2019 $22,230 $1,837,020 $1,020,000 $817,020
2018 $21,529 $1,801,000 $1,000,000 $801,000
2017 $2,592 $134,517 $64,394 $70,123
2016 $2,463 $131,881 $63,132 $68,749
2015 $2,681 $129,901 $62,184 $67,717
2014 $2,624 $127,357 $60,966 $66,391
Source: Public Records

Agents Affiliated with this Home

  • Fay Farzinpour

    Seller's Agent in 2017

    Fay Farzinpour

    RE/MAX

    (650) 346-8978

    5 Total Sales

    Fay Farzinpour
    Section Image

  • Y

    Buyer's Agent in 2017

    Yanping Wang

    Morgan Real Estate

  • W

    Buyer's Agent in 2015

    William Jardin

See All Agents

Map

Source: MLSListings

MLS Number: ML81684862

MLSListings

APN: 034-121-200

California San Mateo County San Mateo 94402 Baywood-Aragon

38 W 5th Ave, San Mateo, CA

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