NOT LISTED FOR SALE

408 Terrace Way San Mateo, CA 94403

Beresford Park Neighborhood

Estimated Value: $2,234,000 - $2,389,000

3 Beds
2 Baths
1,370 Sq Ft
$1,676/Sq Ft Est. Value

Last Sold March 28, 2022

Last sale price $2,425,000 $1,770 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $14,586/month

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Forced Air Heating System
  • Hillsdale High School Rated A+
  • 1 Car Attached Garage
  • 4-minute walk to Beresford Park

About This Home

As of March 2022

Beautifully remodeled and upgraded home on one of San Mateo's most desirable streets! Remodeled kitchen, two remodeled bathrooms, refinished hardwood flooring, fresh interior paint, an expansive sun-deck (perfect for entertaining and outdoor Summer meals), recent hardscape / landscape - exquisitely designed in a trendy - contemporary style, raised bed veggie gardens and so much more. The perfect intersection of the modern home and old world charm!

Last Agent to Sell the Property

Philip Watson

Christie's International Real Estate Sereno License #00605221 Listed on: 03/28/2022

Christie's International Real Estate Sereno

Last Buyer's Agent

Casey Sternsmith

Compass License #01733080

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,103

Year Built

  • 1942

Lot Details

  • 4,940 Sq Ft Lot
  • Back Yard Fenced

Parking

  • 1 Car Attached Garage

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,370 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,103

Year Built

1942

Lot Details

0

Parking

1

Listing Details

  • Zoning: R10006
  • Subclass: Single Family Home
  • Age: 80
  • Listing Class: Residential
  • Structure Sq Ft: 1370
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1942

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Formal Dining Room
  • Fireplace: Yes
  • Living Sq Ft: 1370
  • Stories: 1
  • Flooring: Hardwood
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Fencing: Fenced Back

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1134
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4941.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4941.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2022
Closed on
Mar 22, 2022
Sold by
Cronkhite Shaindlin Living Trust
Bought by
Tully Sarah and Young Ian S
Seller's Agent
Philip Watson
Christie's International Real Estate Sereno
Buyer's Agent
Casey Sternsmith
Compass
List Price
$1,998,000
Sold Price
$2,425,000
Premium/Discount to List
$427,000
21.37%
Current Estimated Value
$2,295,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$129,416
Avg. Annual Appreciation
-1.58%
Original Mortgage
$1,888,000
Outstanding Balance
$1,774,785
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$520,799

Purchase Details

Closed on
Mar 11, 2013
Sold by
Shaindlin Daniel R and Cronkhite Kendal
Bought by
Shaindlin Daniel R and Cronkhite Kendal

Purchase Details

Closed on
Nov 10, 2004
Sold by
Colella Family Partners
Bought by
Cronkhite Kendal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,200
Interest Rate
3.72%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 5, 2004
Sold by
Shaindlin Daniel R
Bought by
Cronkhite Kendal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,200
Interest Rate
3.72%
Mortgage Type
Negative Amortization
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
Tully Sarah $2,425,000 Lawyers Title
Shaindlin Daniel R -- None Available
Shaindlin Daniel R -- None Available
Cronkhite Kendal $719,000 North American Title Company
Cronkhite Kendal -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tully Sarah $1,888,000
Previous Owner Cronkhite Kendal $575,200
Closed Cronkhite Kendal $71,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2022 03/28/22 Sold $2,425,000 +21.4% $1,770 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $1,998,000 -- $1,458 / 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 $26,103 $2,150,000 $1,586,000 $564,000
2023 $26,103 $2,000,000 $1,475,000 $525,000
2022 $13,792 $1,013,566 $472,203 $541,363
2021 $13,262 $993,694 $462,945 $530,749
2020 $13,331 $983,507 $458,199 $525,308
2019 $12,225 $964,224 $449,215 $515,009
2018 $12,176 $945,318 $440,407 $504,911
2017 $11,303 $926,784 $431,772 $495,012
2016 $10,538 $846,612 $423,306 $423,306
2015 $10,211 $833,896 $416,948 $416,948
2014 $9,920 $817,562 $408,781 $408,781
Source: Public Records

Agents Affiliated with this Home

  • Philip Watson

    Seller's Agent in 2022

    Philip Watson

    Sereno Group

    (650) 274-5187

    9 in this area

    155 Total Sales

    Philip Watson
    Section Image
  • Casey Sternsmith

    Buyer's Agent in 2022

    Casey Sternsmith

    Compass

    (650) 678-5455

    26 in this area

    318 Total Sales

    Casey Sternsmith
    Section Image
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Map

Source: MLSListings

MLS Number: ML81884263

MLSListings

APN: 039-316-110

California San Mateo County San Mateo 94403 Beresford Park

408 Terrace Way, San Mateo, CA

This home is located at 408 Terrace Way, San Mateo, CA 94403 since 28 March 2022 and is currently estimated at $2,295,584, approximately $1,675 per square foot. This property was built in 1942. 408 Terrace Way is a home located in San Mateo County with nearby schools including Beresford Elementary School, Abbott Middle School, and Hillsdale High School.

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