$1,794,000
SOLD SEP 3, 2024
3 Beds
3 Baths
2,360 Sq Ft
5,345 Sq Ft Lot

Recently Sold

$760 Per Sq Ft

10% Below List Price

73 Days on Market

Highlights

  • Forced Air Heating System
  • Carpet
  • 1-Story Property
  • Hillsdale High School Rated A+

About This Home

As of September 2024

Welcome to 3915 Colegrove Street, a charming duplex in San Mateo's heart. This recently renovated property offers a unique opportunity with two distinct units, perfect for investors or those seeking a multi-family living arrangement. The larger unit boasts two spacious bedrooms and two luxurious bathrooms, providing ample space for comfortable living. A well-appointed kitchen with modern appliances opens to a cozy living area, ideal for entertaining guests or simply unwinding after a long day. Step outside to discover a beautiful courtyard where lush greenery and vibrant flowers create a serene, relaxing oasis. Adjacent to the main unit, the second unit features one bedroom and one bathroom, offering a private retreat for guests, in-laws, or rental income potential. With its own separate entrance and thoughtful layout, this unit provides flexibility and convenience. For added convenience, this property includes two garages, providing secure parking and additional storage space for residents. Whether you're a savvy investor looking to capitalize on rental income or a homeowner seeking supplemental revenue, this duplex offers endless possibilities.

Last Agent to Sell the Property

Denise Laugesen

KW Advisors License #70010005 Listed on: 05/30/2024

KW Advisors

Last Buyer's Agent

Derek Yeung

DCY Realty License #01125924

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,032

Year Built

  • 1942

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Tar and Gravel Roof

Interior Spaces

  • 2,360 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Additional Features

  • 5,345 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $86,040

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $150
  • Insurance Expense $217
  • Utility Expense $150
  • Trash Expense $95
  • Operating Expense $22,612
  • Gross Income $86,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,032

Year Built

1942

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 82
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2360
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1942

Interior Features

  • Living Sq Ft: 2360
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle, Tar And Gravel

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Attached Garage, Carport, On Street
  • Carport Min: 2

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1227
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5346.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5346.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 22.02
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 217
  • Expense Landscape: 150
  • Expenses Total: 22612
  • Expenses Utility: 150
  • Expense Trash: 95
  • Income Annual Gross: 86040.00
  • Income Annual Rental: 86040
  • Income Gross Scheduled: 86040
  • Income Includes: Rents
  • Meters: Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Aug 12, 2024
Sold by
Bobbie Lince Revocable Trust and Lince Bobbie
Bought by
Derek Chun Yeung Trust and Yeung
Seller's Agent
Denise Laugesen
KW Advisors
Buyer's Agent
Derek Yeung
DCY Realty
List Price
$1,998,000
Sold Price
$1,794,000
Premium/Discount to List
-$204,000
-10.21%
Views
20
Current Estimated Value
$1,867,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,874
Avg. Annual Appreciation
6.14%

Purchase Details

Closed on
Mar 29, 2021
Sold by
Lince Bobbie
Bought by
Lince Bobbie and Bobbie Lince Revocable Trust

Purchase Details

Closed on
Oct 1, 2019
Sold by
Lince Edward
Bought by
Lince Bobbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2019
Sold by
Ratto Busa Janice E
Bought by
Lince Bobbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 1998
Sold by
Ratto Richard R and Ratto Beverly J
Bought by
Ratto Richard R and Ratto Beverly J
Source: Public Records

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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 Type Sale Price Title Company
Grant Deed $1,794,000 Stewart Title Of California
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Lawyers Title Company
Grant Deed $1,950,000 Lawyers Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $650,000 New Conventional
Previous Owner $1,408,000 New Conventional
Previous Owner $1,365,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2024 09/03/24 Sold $1,794,000 -5.3% $760 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
07/31/2024 07/31/24 Price Changed $1,895,000 -5.2% $803 / Sq Ft
05/30/2024 05/30/24 For Sale $1,998,000 -- $847 / 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 $27,032 $1,794,000 $1,350,000 $444,000
2023 $27,032 $2,049,796 $1,156,295 $893,501
2022 $25,782 $2,009,605 $1,133,623 $875,982
2021 $25,080 $1,970,202 $1,111,396 $858,806
2020 $24,403 $1,950,000 $1,100,000 $850,000
2019 $3,057 $130,240 $27,478 $102,762
2018 $2,617 $127,688 $26,940 $100,748
2017 $2,388 $125,185 $26,412 $98,773
2016 $1,662 $122,732 $25,895 $96,837
2015 $1,828 $120,890 $25,507 $95,383
2014 $1,631 $118,523 $25,008 $93,515
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81967755

MLSListings

APN: 042-163-130