NOT LISTED FOR SALE

Estimated Value: $1,568,000 - $2,233,000

7 Beds
4 Baths
3,252 Sq Ft
$585/Sq Ft Est. Value

Last Sold March 01, 2013

Last sale price $950,000 $292 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $11,594/month

104 Days on Market

Highlights

  • Wood Flooring
  • Buri Buri Elementary School Rated A-
  • Level Lot

About This Home

As of March 2013

Well cared for pride of ownership building. Lower unit three bedrooms, one and one-half baths with private yard, upstairs units each two bedrooms with private balconies.

Last Agent to Sell the Property

Larry Franzella

Prudential California Realty License #00512797 Listed on: 10/05/2012

Prudential California Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,734

Year Built

  • 1960

Lot Details

  • Level Lot
  • Sprinkler System

Parking

  • Covered Parking

Home Design

  • Triplex
  • Tar and Gravel Roof
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $56,700
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, water

Community Details

Overview

  • 3 Units

Building Details

  • Gardener Expense $1,800
  • Insurance Expense $1,750
  • Maintenance Expense $2,800
  • Manager Expense $2,700
  • Utility Expense $600
  • Trash Expense $1,800
  • Operating Expense $23,765
  • Gross Income $57,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,734

Year Built

1960

Lot Details

0

Listing Details

  • Zoning: CL00
  • Subclass: Triplex
  • Age: 53
  • Inspections Reports: Pest Control, Sewer/Septic
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Stories: 2
  • Laundry: Washer/Dryer - Owned, Washer/Dryer - Owned Coin-Op, In Garage
  • Flooring: Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Tar And Gravel, Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Sprinklers - Lawn

Garage/Parking

  • Garage Parking Features: Common Parking Area, Spaces Per Unit - 1

Utilities

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

Condo/Co-op/Association

  • HOA Amenities: Patio - Private

Schools

  • School District: South San Francisco Unified

Lot Info

  • Lot Description: Grade - Level
  • Lot Location: T Intersection
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5000.00
  • Lot Size Area Min Search: 5000.00
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.98

Multi Family

  • Expense Insurance: 1750
  • Expense Landscape: 1800
  • Expense Maintenance: 2800
  • Expense Management: 2700
  • Expenses Total: 23765
  • Expenses Utility: 600
  • Expense Trash: 1800
  • Expense Water Sewer: 1600
  • Income Annual Gross: 57900.00
  • Income Annual Rental: 56700
  • Income Gross Scheduled: 57900
  • Income Includes: Laundry, Lease
  • Income Laundry: 1200
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Water, Maintenance - Laundry, Fee - License/Advertising, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Services - Sewer, Supplies
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Water
  • Tenant Expenses: Services - Gardener/Landscaping, Utilities - Gas, Utilities - Water, Utilities - Heating, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2012
Closed on
Mar 8, 2013
Sold by
Ho Steven W and Ho Christina N
Bought by
Ho Steven W and Ho Christina N
Seller's Agent
Larry Franzella
Prudential California Realty
List Price
$925,000
Sold Price
$950,000
Premium/Discount to List
$25,000
2.7%
Current Estimated Value
$1,902,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$952,499
Avg. Annual Appreciation
5.69%
Original Mortgage
$625,000
Outstanding Balance
$441,285
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$1,453,431

Purchase Details

Listed on
Oct 5, 2012
Closed on
Mar 6, 2013
Sold by
Serrata Gina and The William J Maher 1990 Trust
Bought by
Ho Steven W and Ho Christina N
Seller's Agent
Larry Franzella
Prudential California Realty
List Price
$925,000
Sold Price
$950,000
Premium/Discount to List
$25,000
2.7%

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
Outstanding Balance
$441,285
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$1,453,431

Purchase Details

Closed on
Feb 24, 2004
Sold by
Maher William J
Bought by
Maher William J and William J Maher 1990 Trust

Purchase Details

Closed on
Sep 10, 2003
Sold by
Wong Bertram and Wong Katherine H
Bought by
Maher William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 1996
Sold by
Fransen Charles L and Fransen Judy L
Bought by
Wong Bertram and Wong Katherine H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
7.25%
Source: Public Records

Range of Values:

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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
Ho Steven W -- Old Republic Title Company
Ho Steven W $950,000 Old Republic Title Company
Maher William J -- Fidelity National Title
Maher William J $875,000 Fidelity National Title Co
Wong Bertram $349,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ho Steven W $625,000
Previous Owner Maher William J $550,000
Previous Owner Wong Bertram $90,000
Previous Owner Wong Bertram $63,300
Previous Owner Wong Bertram $336,700
Previous Owner Wong Bertram $279,200
Closed Wong Bertram $52,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2013 03/01/13 Sold $950,000 +2.7% $292 / Sq Ft
01/17/2013 01/17/13 Pending -- -- --
10/05/2012 10/05/12 For Sale $925,000 -- $284 / 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 $14,734 $1,169,846 $584,923 $584,923
2023 $14,734 $1,124,420 $562,210 $562,210
2022 $13,703 $1,102,374 $551,187 $551,187
2021 $13,516 $1,080,760 $540,380 $540,380
2020 $13,343 $1,069,680 $534,840 $534,840
2019 $13,209 $1,048,706 $524,353 $524,353
2018 $12,900 $1,028,144 $514,072 $514,072
2017 $12,527 $1,007,986 $503,993 $503,993
2016 $12,210 $988,222 $494,111 $494,111
2015 $12,011 $973,378 $486,689 $486,689
2014 $11,803 $954,312 $477,156 $477,156
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81236732

MLSListings

APN: 010-263-100