NOT LISTED FOR SALE

431 Willow Ave Half Moon Bay, CA 94019

Estimated Value: $2,509,000 - $3,058,000

11 Beds
8 Baths
7,808 Sq Ft
$368/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $2,200,000 $282 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $18,595/month

2 Days on Market

Highlights

  • Ocean View
  • Forced Air Heating System
  • Carpet
  • Secured Garage or Parking

About This Home

As of October 2018

Here it is - the fourplex you've been looking for! It has three 3-bedroom, 2-bathroom units and one 2-bedroom, 2-bathroom unit. The roof was replaced in March 2017. Top that off with the fact that all four units have upper balconies that allow an ocean view to Pillar Point. The ground floor attached garage has 8 parking stalls and laundry facilities. Right off of Hiway 1, this property is close to downtown Half Moon Bay and to local beaches.

Last Agent to Sell the Property

Michael Colar

Coldwell Banker Realty License #00607079 Listed on: 09/17/2018

Coldwell Banker Realty

Co-Listed By

Linda Young Colar

Coldwell Banker Realty License #01718710

Last Buyer's Agent

Dharmbir Singh

Bay Area Homes & Loans Inc License #01728122

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,264

Year Built

  • 1990

Lot Details

  • 7,501 Sq Ft Lot

Parking

  • 8 Car Garage
  • Garage Door Opener
  • Secured Garage or Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,808 Sq Ft Home
  • 3-Story Property
  • Ocean Views
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $134,400

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $3,450
  • Insurance Expense $5,236
  • Maintenance Expense $9,233
  • Manager Expense $13,023
  • Other Expense $1,098
  • Utility Expense $6,600
  • Trash Expense $4,200
  • Operating Expense $60,737
  • Gross Income $131,590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,264

Year Built

1990

Lot Details

0

Parking

8

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Age: 28
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 7808
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1990

Interior Features

  • Living Sq Ft: 7808
  • Stories: 3
  • Security: Fire Alarm, Secured Garage / Parking
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Ocean

Garage/Parking

  • Garage Spaces: 8
  • Garage Parking Features: Attached Garage, Drive Through, Gate / Door Opener

Utilities

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

Schools

  • School District: Cabrillo Unified

Lot Info

  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.74
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 5236
  • Expense Landscape: 3450
  • Expense Maintenance: 9233
  • Expense Management: 13023
  • Expenses Other: 1098
  • Expenses Total: 60737
  • Expenses Utility: 6600
  • Expense Trash: 4200
  • Income Annual Gross: 131590.00
  • Income Annual Rental: 134400
  • Income Gross Scheduled: 135660
  • Income Includes: Laundry
  • Income Other: 1260
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Miscellaneous/Other, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2021
Sold by
Sf & Associates Llc
Bought by
Singh Gursharan
Current Estimated Value
$2,919,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,194,146
Outstanding Balance
$1,096,014
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,730,762

Purchase Details

Closed on
Dec 31, 2018
Sold by
Singh Gursharan
Bought by
Sf & Associates Llc

Purchase Details

Listed on
Sep 17, 2018
Closed on
Oct 18, 2018
Sold by
Singh Gurinder
Bought by
Singh Gursharan
Seller's Agent
Michael Colar
Coldwell Banker Realty
Buyer's Agent
Dharmbir Singh
Bay Area Homes & Loans Inc
List Price
$2,000,000
Sold Price
$2,200,000
Premium/Discount to List
$200,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.73%
Original Mortgage
$125,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 2, 2000
Sold by
Blanda Rose J
Bought by
Browne Cynthia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,300
Interest Rate
8.3%

Purchase Details

Closed on
Feb 17, 1998
Sold by
Workman David M H
Bought by
Blanda Rose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.9%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 21, 1997
Sold by
Eisner Jessica Deborah
Bought by
Workman David M H
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
Singh Gursharan -- Amrock Llc
Sf & Associates Llc -- None Available
Singh Gursharan -- Chicago Title Co
Singh Gursharan $2,200,000 Chicago Title Co
Browne Cynthia K $949,000 Fidelity National Title Co
Blanda Rose J $700,000 First American Title Co
Workman David M H -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Gursharan $1,194,146
Previous Owner Singh Gursharan $125,000
Previous Owner Browne Cynthia K $812,500
Previous Owner Browne Cynthia K $664,300
Previous Owner Blanda Rose J $31,000
Previous Owner Blanda Rose J $50,000
Previous Owner Blanda Rose J $120,000
Previous Owner Blanda Rose J $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2018 10/19/18 Sold $2,200,000 +10.0% $282 / Sq Ft
09/20/2018 09/20/18 Pending -- -- --
09/17/2018 09/17/18 For Sale $2,000,000 -- $256 / 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 $32,264 $2,454,138 $780,861 $1,673,277
2023 $32,264 $2,358,842 $750,540 $1,608,302
2022 $29,938 $2,312,591 $735,824 $1,576,767
2021 $28,985 $2,267,247 $721,397 $1,545,850
2020 $28,553 $2,244,000 $714,000 $1,530,000
2019 $28,321 $2,200,000 $700,000 $1,500,000
2018 $17,325 $1,281,903 $540,318 $741,585
2017 $16,907 $1,256,769 $529,724 $727,045
2016 $18,887 $1,232,128 $519,338 $712,790
2015 $17,751 $1,213,622 $511,538 $702,084
2014 $16,822 $1,189,850 $501,518 $688,332
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Michael Colar

    Coldwell Banker Realty

    (408) 888-5816

    17 Total Sales

    Section Image
  • Linda Young Colar

    Seller Co-Listing Agent in 2018

    Linda Young Colar

    Coldwell Banker Realty

    (408) 930-4074

    22 Total Sales

    Section Image

  • D

    Buyer's Agent in 2018

    Dharmbir Singh

    Bay Area Homes & Loans Inc

See All Agents

Map

Source: MLSListings

MLS Number: ML81723906

MLSListings

APN: 056-142-130

California San Mateo County Half Moon Bay 94019

431 Willow Ave, Half Moon Bay, CA

This home is located at 431 Willow Ave, Half Moon Bay, CA 94019 since 17 September 2018 and is currently estimated at $2,871,260, approximately $367 per square foot. This property was built in 1990. 431 Willow Ave is a home located in San Mateo County with nearby schools including Alvin S. Hatch Elementary School, Manuel F. Cunha Intermediate School, and Half Moon Bay High School.

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