NOT LISTED FOR SALE

430 Pine Ave Half Moon Bay, CA 94019

Estimated Value: $1,586,000 - $2,155,000

7 Beds
4 Baths
3,234 Sq Ft
$569/Sq Ft Est. Value

Last Sold February 22, 2013

Last sale price $800,000 $247 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $10,821/month

134 Days on Market

Highlights

  • Ocean View
  • Forced Air Heating System
  • 5-minute walk to Ocean View Park
  • Community Barbecue Grill
  • Carpet

About This Home

As of February 2013

Attractive 3 unit building west of Hwy 1. Each unit has a 1-car garage plus a 1-car carport. Each unit has its own separate laundry room. Large common storage area. Common fenced yard, great for BBQ's! Buyer took the property as-is, with no credits for deferred maintenance.

Last Agent to Sell the Property

David Worden

Windward Commercial Real Estate Services License #00622628 Listed on: 09/10/2012

Last Buyer's Agent

Jimmy Yang

Property Invest & Management License #00951695

Property Details

Home Type

  • Multi-Family

Year Built

  • 1987

Lot Details

  • 6,011

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 3,234 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Ocean Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $65,400
  • The owner pays for water
  • Month-to-Month Lease Term

Community Details

Building Details

  • Gardener Expense $1,080
  • Insurance Expense $2,093
  • Maintenance Expense $4,637
  • Other Expense $500
  • Utility Expense $3,012
  • Operating Expense $22,125
  • Gross Income $65,400

Additional Features

  • 3,234 Sq Ft Building
  • Community Barbecue Grill

Property Details

Home Type

Multi-Family

Year Built

1987

Lot Details

0

Listing Details

  • Zoning: R300
  • Subclass: Triplex
  • Inspections Reports: Pest Control, Property Inspection, Roof
  • Sale Price Per Sq Ft: 247.37
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 3234
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1987

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3234
  • Stories: 2
  • Laundry: Laundry Area - In All Units
  • Flooring: Carpet

Exterior Features

  • Roof: Composition
  • View: Ocean

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Spaces Per Unit - 1, Off-Street Parking, Carport

Utilities

  • Heating System: Central Forced Air, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Bbq Area

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6000.00
  • Lot Size Area Min Search: 6000.00
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month, 1 Year Lease
  • Gross Rent Multiplier: 13.69

Multi Family

  • Expense Insurance: 2093
  • Expense Landscape: 1080
  • Expense Maintenance: 4637
  • Expenses Other: 500
  • Expenses Total: 22125
  • Expenses Utility: 3012
  • Income Annual Gross: 65400.00
  • Income Annual Rental: 65400
  • Income Gross Scheduled: 65400
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water, Services - Trash Removal, Services - Gardener, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Water
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2012
Closed on
Feb 15, 2013
Sold by
Roma Patricia and Touchatt Charles
Bought by
Wang Hongbing and Xie Sha
Seller's Agent
David Worden
Windward Commercial Real Estate Services
Buyer's Agent
Jimmy Yang
Property Invest & Management
List Price
$895,000
Sold Price
$800,000
Premium/Discount to List
-$95,000
-10.61%
Current Estimated Value
$1,841,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,041,667
Avg. Annual Appreciation
6.66%
Original Mortgage
$560,000
Outstanding Balance
$390,565
Interest Rate
3.36%
Mortgage Type
New Conventional
Estimated Equity
$1,451,102

Purchase Details

Closed on
Feb 25, 2007
Sold by
Roma Patricia
Bought by
Roma Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.21%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wang Hongbing $800,000 First American Title Company
Roma Patricia -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Hongbing $560,000
Previous Owner Roma Patricia $640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2013 02/22/13 Sold $800,000 -10.6% $247 / Sq Ft
01/22/2013 01/22/13 Pending -- -- --
09/10/2012 09/10/12 For Sale $895,000 -- $277 / Sq Ft
Source: MLSListings

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 $14,973 $985,128 $591,079 $394,049
2023 $14,973 $946,877 $568,128 $378,749
2022 $13,635 $928,312 $556,989 $371,323
2021 $13,085 $910,111 $546,068 $364,043
2020 $12,761 $900,780 $540,469 $360,311
2019 $13,107 $883,119 $529,872 $353,247
2018 $12,503 $865,804 $519,483 $346,321
2017 $12,436 $848,829 $509,298 $339,531
2016 $12,351 $832,186 $499,312 $332,874
2015 $12,363 $819,686 $491,812 $327,874
2014 $13,128 $803,631 $482,179 $321,452
Source: Public Records

Agents Affiliated with this Home

  • David Worden

    Seller's Agent in 2013

    David Worden

    Windward Commercial Real Estate Services

    (650) 989-2132

    2 Total Sales

    David Worden
    Section Image

  • J

    Buyer's Agent in 2013

    Jimmy Yang

    Property Invest & Management

    (408) 656-6085

    4 Total Sales

    Jimmy Yang
    Section Image
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Map

Source: MLSListings

MLS Number: ML81233582

MLSListings

APN: 056-145-010

California San Mateo County Half Moon Bay 94019

430 Pine Ave, Half Moon Bay, CA

Not Listed for Sale

MultiFamily

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