Seller's Agent in 2023
Cole Simpson
Marcus & Millichap
(650) 888-7696
2 in this area
20 Total Sales
42 Oak Ave Redwood City, CA 94061
Palm Park NeighborhoodEstimated Value: $1,757,000 - $1,967,596
3
Beds
3
Baths
2,401
Sq Ft
$775/Sq Ft
Est. Value
Highlights
- Fireplace
- Woodside High School Rated A
- 1-Story Property
About This Home
As of December 202342-46 Oakwood Dr is a stunning 3-unit investment opportunity located in the thriving city of Redwood City, California. Situated on an 8,307-square-foot parcel of land, the subject property was originally constructed in 1949 and has a gross building area of approximately 2,401 square feet. The subject property offers its tenants beautifully designed two-bedroom and one-bedroom floor plans. 42-46 Oakwood Dr has seen recent capital improvements in two of the units including quartz countertops, stainless steel appliances, and hardwood flooring. Additionally, the subject property features a shared brick courtyard, two covered carports with additional on-site parking, a shared storage space, and individual water heaters. 42-46 Oakwood Dr also offers potential value-add opportunities with approved development plans for three ADUs. These ADUs would double the number of units on the property, offering both two-bedroom and one-bedroom floor plans.
Last Agent to Sell the Property
Marcus & Millichap License #02016525 Listed on: 10/19/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,945
Year Built
- 1949
Lot Details
- 8,307
Parking
- 2 Carport Spaces
Home Design
- Triplex
- Wood Frame Construction
- Shingle Roof
Interior Spaces
- 2,401 Sq Ft Home
- 1-Story Property
- Fireplace
Additional Features
- 8,307 Sq Ft Lot
- Wall Furnace
Listing and Financial Details
- Total Actual Rent $91,740
Community Details
Overview
- 2,401 Sq Ft Building
Building Details
- 2 Leased Units
- Gardener Expense $1,200
- Insurance Expense $1,958
- Maintenance Expense $1,500
- Trash Expense $2,100
- Operating Expense $26,790
- Gross Income $92,014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 19, 2023
Closed on
Dec 1, 2023
Sold by
Kao Chien-Wen
Bought by
Lin Christopher
Seller's Agent
Cole Simpson
Marcus & Millichap
Buyer's Agent
Kimberly Carter
Coldwell Banker Realty
List Price
$1,895,000
Sold Price
$1,795,000
Premium/Discount to List
-$100,000
-5.28%
Views
46
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,649
Avg. Annual Appreciation
2.02%
Purchase Details
Listed on
Jul 12, 2021
Closed on
Sep 20, 2021
Sold by
Sullivan Mary E and Sullivan Jack F
Bought by
Oakwood Redwood Llc
Seller's Agent
Brett Barron
Capital Realty Group
Buyer's Agent
Brett Barron
Capital Realty Group
List Price
$1,950,000
Sold Price
$1,730,625
Premium/Discount to List
-$219,375
-11.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.67%
Original Mortgage
$1,189,250
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 27, 2012
Sold by
Sullivan Mary E
Bought by
Sullivan Mary E
Purchase Details
Closed on
Nov 17, 1989
Sold by
Sullivan Jack F and Sullivan Mary E
Bought by
Sullivan Jack F and Sullivan Mary E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lin Christopher | -- | First American Title | |
| Kao Chien-Wen | -- | First American Title | |
| Sophie Z Trust | $1,795,000 | First American Title | |
| Oakwood Redwood Llc | $1,731,000 | Chicago Title Company | |
| Sullivan Mary E | -- | None Available | |
| Sullivan Jack F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Oakwood Redwood Llc | $1,189,250 | |
| Previous Owner | Sullivan Jack F | $149,801 | |
| Previous Owner | Sullivan Jack F | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/11/2023 12/11/23 | Sold | $1,795,000 | 0.0% | $748 / Sq Ft |
| 11/05/2023 11/05/23 | Price Changed | $1,795,000 | -5.3% | $748 / Sq Ft |
| 10/19/2023 10/19/23 | For Sale | $1,895,000 | +9.5% | $789 / Sq Ft |
| 09/29/2021 09/29/21 | Sold | $1,730,625 | -11.3% | $721 / Sq Ft |
| 08/25/2021 08/25/21 | Pending | -- | -- | -- |
| 07/12/2021 07/12/21 | For Sale | $1,950,000 | -- | $812 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $19,945 | $1,862,900 | $1,336,200 | $526,700 |
| 2023 | $19,945 | $1,765,620 | $1,377,000 | $388,620 |
| 2022 | $18,779 | $1,731,000 | $1,350,000 | $381,000 |
| 2021 | $1,742 | $146,799 | $54,363 | $92,436 |
| 2020 | $1,721 | $145,295 | $53,806 | $91,489 |
| 2019 | $1,715 | $142,447 | $52,751 | $89,696 |
| 2018 | $1,673 | $139,655 | $51,717 | $87,938 |
| 2017 | $1,657 | $136,917 | $50,703 | $86,214 |
| 2016 | $1,606 | $134,233 | $49,709 | $84,524 |
| 2015 | $1,550 | $132,218 | $48,963 | $83,255 |
| 2014 | $1,522 | $129,629 | $48,004 | $81,625 |
Source: Public Records
Agents Affiliated with this Home
-
Cole Simpson
-
Robert Johnston
Seller Co-Listing Agent in 2023
Robert Johnston
Marcus & Millichap
(510) 304-8077
4 in this area
137 Total Sales
-
Kimberly Carter
Buyer's Agent in 2023
Kimberly Carter
Coldwell Banker Realty
(650) 208-5516
1 in this area
9 Total Sales
-
Brett Barron
Seller's Agent in 2021
Brett Barron
Capital Realty Group
(650) 342-0373
2 in this area
42 Total Sales
-
M
Seller Co-Listing Agent in 2021
Michael Silva
Capital Realty Group
Map
Source: MLSListings
MLS Number: ML81945554
APN: 059-171-060
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