NOT LISTED FOR SALE

Estimated Value: $1,560,017 - $1,843,000

5 Beds
3 Baths
3,603 Sq Ft
$472/Sq Ft Est. Value

Last Sold August 11, 2015

Last sale price $1,000,000 $278 Per Sq Ft

7 Days on Market

About This Home

As of August 2015

Excellent Opportunity for investors or owner occupants! Conveniently located near Main Street/ Broadway, Superior Court, Caltrain/public transportation and freeway access! There are 2 separate buildings that consist one single family home w/3 Br. 1 Ba and two 1Br. 1 Ba units over 3 garages with ample storage space. A great investment property in a fast developing area of Redwood City !

Last Agent to Sell the Property

Doris Ling

Century 21 Realty Alliance License #01226441 Listed on: 07/08/2015

Last Buyer's Agent

Doris Ling

Century 21 Realty Alliance License #01226441 Listed on: 07/08/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,944

Year Built

  • 1926

Lot Details

  • 4,835

Parking

  • 3 Car Garage

Home Design

  • 3,603 Sq Ft Home
  • Triplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Utilities

  • Wall Furnace
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $59,760

Community Details

Overview

  • 3,603 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gross Income $57,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,944

Year Built

1926

Lot Details

0

Parking

3

Listing Details

  • Zoning: r3
  • Subclass: Triplex
  • Age: 89
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3603
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1926

Interior Features

  • Living Sq Ft: 3603

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Jefferson Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4950.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4950.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.73
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Gas Meters, Public Utilities
  • Income Annual Gross: 57370.00
  • Income Annual Rental: 59760
  • Income Gross Scheduled: 59760
  • Income Includes: Rents
  • Meters: Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance - Repair, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Vacancy Factor: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2015
Closed on
Aug 9, 2015
Sold by
Salgado Edwin Fernando
Bought by
Chen Robin and Chen Violet
Seller's Agent
Doris Ling
Century 21 Realty Alliance
Buyer's Agent
Doris Ling
Century 21 Realty Alliance
List Price
$1,000,000
Sold Price
$1,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2005
Sold by
Gonzalez Luis Oswaldo Rivas
Bought by
Salgado Susana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
5.61%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 1, 2005
Sold by
Arguero Felix Carlos and Arguero Olga
Bought by
Salgado Susana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
5.61%
Mortgage Type
Stand Alone First
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
Chen Robin $1,000,000 Old Republic Title Company
Salgado Susana -- Chicago Title Co
Salgado Susana $925,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Robin $765,600
Closed Chen Robin $650,000
Previous Owner Salgado Susana R $643,000
Previous Owner Salgado Susana $625,000
Previous Owner Salgado Susana $625,000
Previous Owner Arguero Felix Carlos $295,500
Previous Owner Arguero Felix Carlos $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2015 08/11/15 Sold $1,000,000 0.0% $278 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
07/08/2015 07/08/15 For Sale $1,000,000 -- $278 / 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 $12,944 $1,183,792 $591,896 $591,896
2023 $12,944 $1,137,826 $568,913 $568,913
2022 $12,151 $1,115,516 $557,758 $557,758
2021 $12,033 $1,093,644 $546,822 $546,822
2020 $11,872 $1,082,432 $541,216 $541,216
2019 $11,828 $1,061,208 $530,604 $530,604
2018 $11,520 $1,040,400 $520,200 $520,200
2017 $11,396 $1,020,000 $510,000 $510,000
2016 $11,211 $1,000,000 $500,000 $500,000
2015 $8,443 $768,456 $384,228 $384,228
2014 $8,282 $753,404 $376,702 $376,702
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81484102

MLSListings

APN: 053-165-080