NOT LISTED FOR SALE

41 Broadway St Redwood City, CA 94063

Friendly Acres Neighborhood

Estimated Value: $1,363,000 - $1,786,081

4 Beds
2 Baths
2,150 Sq Ft
$722/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $1,130,000 $526 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $9,752/month

35 Days on Market

Highlights

  • Forced Air Heating System
  • Carpet
  • 4-minute walk to Andrew Spinas Park
  • Sequoia High School Rated A
  • 1-Story Property

About This Home

As of June 2023

Charming duplex located just outside downtown Redwood City. Wonderful investment opportunity w instant cash flow. Great location near Hwy 101 and Hwy 84 (Woodside Rd) and super convenient for commuters. Both 2bd/1ba units are occupied by long term tenants. Rents are slightly under market and both tenants are on month to month leases. Units need updating but are in good shape. Each unit has a one car attached garage. Rear unit has a rear yard and front unit has a smaller side yard. Parking for up to 5 cars on the property in addition to the one car garages. Street parking avail as well. These duplexes on Broadway rarely come up for sale and this one will sell quickly.

Last Agent to Sell the Property

Chris Ray

Christie's International Real Estate Sereno License #01215287 Listed on: 04/29/2023

Christie's International Real Estate Sereno

Last Buyer's Agent

Chris Ray

Christie's International Real Estate Sereno License #01215287 Listed on: 04/29/2023

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,036

Year Built

  • 1960

Lot Details

  • 5,998 Sq Ft Lot

Parking

  • 2 Car Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,150 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $67,200

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,000
  • Operating Expense $4,315
  • Gross Income $67,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,036

Year Built

1960

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2150
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 2150
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.07
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expenses Total: 4315
  • Income Annual Gross: 67200.00
  • Income Annual Rental: 67200
  • Income Gross Scheduled: 67200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Tenant Expenses: All Expenses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2023
Closed on
Jun 13, 2023
Sold by
Winstead James
Bought by
Barrocas Samuel and Carrillo Teresa
Seller's Agent
Chris Ray
Christie's International Real Estate Sereno
Buyer's Agent
Chris Ray
Christie's International Real Estate Sereno
List Price
$1,349,000
Sold Price
$1,130,000
Premium/Discount to List
-$219,000
-16.23%
Views
350
Current Estimated Value
$1,552,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$422,270
Avg. Annual Appreciation
16.34%

Purchase Details

Closed on
Nov 22, 2006
Sold by
Winstead Phyllis
Bought by
Winstead James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2006
Sold by
Winstead James
Bought by
Winstead James and Winstead Phyllis

Purchase Details

Closed on
Mar 10, 2000
Sold by
Winstead Rose L Family Trust and Pakozdi Jean
Bought by
Winstead James
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
Barrocas Samuel -- Stewart Title Of California
Winstead James -- North American Title Company
Winstead James -- North American Title Company
Winstead James -- None Available
Winstead James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Winstead James $100,000
Previous Owner Winstead James $395,000
Previous Owner Winstead James $200,000
Previous Owner Winstead James $200,000
Previous Owner Winstead James $100,000
Previous Owner Winstead James $30,000
Previous Owner Winstead James $92,350
Previous Owner Winstead James $20,000
Previous Owner Winstead James $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 Sold $1,130,000 -16.2% $526 / Sq Ft
06/04/2023 06/04/23 Pending -- -- --
04/29/2023 04/29/23 For Sale $1,349,000 -- $627 / 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 $15,036 $1,175,652 $988,380 $187,272
2023 $15,036 $109,644 $23,505 $86,139
2022 $3,315 $107,495 $23,045 $84,450
2021 $3,243 $105,389 $22,594 $82,795
2020 $3,168 $104,310 $22,363 $81,947
2019 $3,103 $102,266 $21,925 $80,341
2018 $2,924 $100,262 $21,496 $78,766
2017 $2,572 $98,297 $21,075 $77,222
2016 $2,407 $96,370 $20,662 $75,708
2015 $2,306 $94,923 $20,352 $74,571
2014 $2,226 $93,065 $19,954 $73,111
Source: Public Records

Agents Affiliated with this Home

  • Chris Ray

    Seller's Agent in 2023

    Chris Ray

    Sereno Group

    (408) 202-5802

    1 in this area

    35 Total Sales

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Map

Source: MLSListings

MLS Number: ML81926429

MLSListings

APN: 055-023-150

California San Mateo County Redwood City 94063 Friendly Acres

41 Broadway St, Redwood City, CA

This home is located at 41 Broadway St, Redwood City, CA 94063 since 29 April 2023 and is currently estimated at $1,552,270, approximately $721 per square foot. This property was built in 1960. 41 Broadway St is a home located in San Mateo County with nearby schools including Taft Elementary School, John F. Kennedy Middle School, and Sequoia High School.

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