NOT LISTED FOR SALE

416 Jackson Ave Redwood City, CA 94061

Roosevelt Neighborhood

Estimated Value: $1,927,000 - $2,650,739

7 Beds
5 Baths
3,880 Sq Ft
$620/Sq Ft Est. Value

Last Sold February 06, 2024

Last sale price $2,420,000 $624 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $14,816/month

76 Days on Market

About This Home

As of February 2024

Situated on a 5,200 square foot parcel of land, the subject property was originally constructed in 1968 and features a gross building area of approximately 3,880 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans including recessed lighting, granite countertops, in-unit W/D, stainless steel appliances, and new individually metered electrical throughout. Along with a new roof completed in 2023, the subject property provides property amenities such as private carport parking and a private balcony or patio for each unit. 416 Jackson Ave lies within close proximity to many of the nation's top tech employers including Box Inc., Google, Oracle, Electronic Arts Inc., Stanford, Facebook, Visa, and Sony as well as many others. In addition to nearby employers, the subject property is also located within walking distance to Whole Foods Market(0.2mi and Downtown Redwood City(0.5mi), home to a myriad of high-end shopping, dining, and entertainment options.

Last Agent to Sell the Property

Cole Simpson

Marcus & Millichap License #02016525 Listed on: 10/20/2023

Co-Listed By

Robert Johnston

Marcus & Millichap License #01853816

Last Buyer's Agent

Hailey Chang

Compass License #01061862

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,887

Year Built

  • 1968

Lot Details

  • 5,201

Parking

  • 4 Car Detached Garage

Home Design

  • Quadruplex
  • Mansard Roof Shape
  • Wood Frame Construction

Interior Spaces

  • 3,880 Sq Ft Home
  • 2-Story Property

Additional Features

  • 5,201 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $147,360

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,833
  • Maintenance Expense $1,400
  • Trash Expense $1,580
  • Operating Expense $33,315
  • Gross Income $142,939

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,887

Year Built

1968

Lot Details

0

Parking

4

Listing Details

  • Zoning: R-4
  • Subclass: Fourplex
  • Age: 55
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3880
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Living Sq Ft: 3880
  • Stories: 2

Exterior Features

  • Foundation: Wood Frame
  • Roof: Mansard

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1194
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5200.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 16.63
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1833
  • Expense Landscape: 1200
  • Expense Maintenance: 1400
  • Expenses Total: 33315
  • Expense Trash: 1580
  • Income Annual Gross: 142939.00
  • Income Annual Rental: 147360
  • Income Gross Scheduled: 147360
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Trash Removal
  • Tenant Expenses: Rent Only
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Jan 30, 2024
Sold by
Stockbridge Park Llc
Bought by
Chang Family Trust and Chang
Seller's Agent
Cole Simpson
Marcus & Millichap
Buyer's Agent
Hailey Chang
Compass
List Price
$2,680,000
Sold Price
$2,420,000
Premium/Discount to List
-$260,000
-9.7%
Views
83
Current Estimated Value
$2,405,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,315
Avg. Annual Appreciation
-0.41%
Original Mortgage
$640,000
Interest Rate
6.61%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 12, 2021
Sold by
John And Patricia Sullivan Family Lp
Bought by
Stockbridge Park Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$984,750
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2007
Sold by
Bellack John R and Bellack Mary J
Bought by
The John & Patricia Sullivan Family Lp

Purchase Details

Closed on
Jul 17, 2003
Sold by
Bellack John R and Bellack Mary J
Bought by
Bellack John R and Bellack Mary J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2000
Sold by
John Bellack and John Mary J
Bought by
Bellack John R and Bellack Mary J

Purchase Details

Closed on
May 18, 1998
Sold by
Dallal Louis J
Bought by
Bellack John and Bellack Mary J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,300
Interest Rate
7.07%
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
Chang Family Trust $2,420,000 First American Title
Stockbridge Park Llc $1,515,000 Chicago Title Company
The John & Patricia Sullivan Family Lp $1,080,000 First American Title Ins Co
Bellack John R -- First American Title Company
Bellack John R -- First American Title Company
Bellack John R -- --
Bellack John R -- --
Bellack John $462,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chang Family Trust $950,000
Closed Chang Family Trust $640,000
Previous Owner Stockbridge Park Llc $1,800,000
Previous Owner Stockbridge Park Llc $984,750
Previous Owner Bellack John R $434,000
Previous Owner Bellack John $351,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2024 02/06/24 Sold $2,420,000 -1.2% $624 / Sq Ft
11/02/2023 11/02/23 Price Changed $2,450,000 -8.6% $631 / Sq Ft
10/20/2023 10/20/23 For Sale $2,680,000 -- $691 / 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 $17,887 $2,517,768 $873,936 $1,643,832
2023 $17,887 $1,576,206 $1,154,844 $421,362
2022 $16,789 $1,545,300 $1,132,200 $413,100
2021 $14,687 $1,336,767 $866,425 $470,342
2020 $14,490 $1,323,061 $857,541 $465,520
2019 $14,437 $1,297,120 $840,727 $456,393
2018 $14,060 $1,271,688 $824,243 $447,445
2017 $13,908 $1,246,754 $808,082 $438,672
2016 $13,689 $1,222,309 $792,238 $430,071
2015 $13,178 $1,203,949 $780,338 $423,611
2014 $12,925 $1,180,367 $765,053 $415,314
Source: Public Records

Agents Affiliated with this Home

  • Cole Simpson

    Seller's Agent in 2024

    Cole Simpson

    Marcus & Millichap

    (650) 888-7696

    2 in this area

    20 Total Sales

    Cole Simpson
    Section Image
  • Robert Johnston

    Seller Co-Listing Agent in 2024

    Robert Johnston

    Marcus & Millichap

    (510) 304-8077

    7 in this area

    137 Total Sales

    Robert Johnston
    Section Image
  • Hailey Chang

    Buyer's Agent in 2024

    Hailey Chang

    Compass

    (408) 391-6552

    1 in this area

    20 Total Sales

    Hailey Chang
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81945672

MLSListings

APN: 053-036-140

California San Mateo County Redwood City 94061 Roosevelt

416 Jackson Ave, Redwood City, CA

This home is located at 416 Jackson Ave, Redwood City, CA 94061 since 20 October 2023 and is currently estimated at $2,405,685, approximately $620 per square foot. This property was built in 1968. 416 Jackson Ave is a home located in San Mateo County with nearby schools including Roosevelt Elementary School, John F. Kennedy Middle School, and Sequoia High School.

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