NOT LISTED FOR SALE

44 E 41st Place San Mateo, CA 94403

Hillsdale Neighborhood

Estimated Value: $1,483,000 - $1,809,553

2 Beds
4 Baths
2,148 Sq Ft
$758/Sq Ft Est. Value

Last Sold February 24, 2015

Last sale price $1,100,000 $512 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $10,232/month

9 Days on Market

Highlights

  • Contemporary Architecture
  • Tile Flooring
  • Level Lot
  • George Hall Elementary School Rated A
  • Coin Laundry

About This Home

As of February 2015

Great niche market opportunity for scarce smaller apartments in high demand with excellent upside potential. Every unit has a private patio or deck and there is a large shared yard in the back offering lots of flexible use options ..... game area - organic gardening - shared barbecue area, etc. Property can benefit from upgrades throughout, Easy to upgrade one unit at a time to maintain cash flow while upgrading. Ideal for owner occupant looking for additional income and tax shelter.

Last Agent to Sell the Property

Claire Haggarty

N B T Realty Service License #01069886 Listed on: 01/26/2015

Last Buyer's Agent

Jack Hirsch CCIM

Realty World-Hirsch & Assoc. License #01243560

Realty World-Hirsch & Assoc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • Level Lot

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction

Interior Spaces

  • 2,148 Sq Ft Home
  • 2-Story Property
  • Gas Oven

Flooring

  • Carpet
  • Tile

Parking

  • 4 Carport Spaces
  • On-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Community Sewer or Septic

Listing and Financial Details

  • Total Actual Rent $52,800

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $650
  • Insurance Expense $2,000
  • Maintenance Expense $500
  • Other Expense $100
  • Utility Expense $600
  • Trash Expense $600
  • Operating Expense $12,304
  • Gross Income $52,800

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Listing Details

  • Zoning: R4
  • Subclass: Fourplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2148
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Kitchen: Oven Range - Gas
  • Living Sq Ft: 2148
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: Covered Parking, On Street
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Community Sewer / Septic

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7384.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7384.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.67
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2000
  • Expense Landscape: 650
  • Expense Maintenance: 500
  • Expenses Other: 100
  • Expenses Total: 12304
  • Expenses Utility: 600
  • Expense Trash: 600
  • Income Annual Gross: 52800.00
  • Income Annual Rental: 52800
  • Income Gross Scheduled: 52800
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Cable Tv, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2024
Sold by
Dlaa Properties Llc
Bought by
Rubinchik Laura M
Current Estimated Value
$1,629,138

Purchase Details

Closed on
Aug 22, 2017
Sold by
Rubinchik Dale W and Rubinchik Laura M
Bought by
Dlaa Properties Llc

Purchase Details

Listed on
Jan 26, 2015
Closed on
Feb 20, 2015
Sold by
Demattei Douglas
Bought by
Rubinchik Dale W and Rubinchik Laura M
Seller's Agent
Claire Haggarty
N B T Realty Service
Buyer's Agent
Jack Hirsch CCIM
Realty World-Hirsch & Assoc.
List Price
$880,000
Sold Price
$1,100,000
Premium/Discount to List
$220,000
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
3.64%
Original Mortgage
$801,950
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2001
Sold by
Demattei Edmond A
Bought by
Demattei Edmond A

Purchase Details

Closed on
Mar 7, 1996
Sold by
Demattei Edmond A and Demattei Janet T
Bought by
Demattei Edmond A and Demattei Janet T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rubinchik Laura M -- None Listed On Document
Dlaa Properties Llc -- None Available
Rubinchik Dale W $1,100,000 North American Title Co Inc
Demattei Edmond A -- --
Demattei Edmond A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rubinchik Dale W $801,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2015 02/24/15 Sold $1,100,000 +25.0% $512 / Sq Ft
02/04/2015 02/04/15 Pending -- -- --
01/26/2015 01/26/15 For Sale $880,000 -- $410 / 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 $19,032 $1,322,024 $661,012 $661,012
2023 $19,032 $1,270,690 $635,345 $635,345
2022 $19,336 $1,245,776 $622,888 $622,888
2021 $18,524 $1,221,350 $610,675 $610,675
2020 $21,909 $1,208,828 $604,414 $604,414
2019 $18,001 $1,185,126 $592,563 $592,563
2018 $16,010 $1,161,890 $580,945 $580,945
2017 $13,997 $1,139,108 $569,554 $569,554
2016 $14,030 $1,116,774 $558,387 $558,387
2015 $13,508 $1,100,000 $550,000 $550,000
2014 $7,854 $597,008 $179,096 $417,912
Source: Public Records

Agents Affiliated with this Home

  • Claire Haggarty

    Seller's Agent in 2015

    Claire Haggarty

    N B T Realty Service

    (650) 678-0571

    12 Total Sales

    Claire Haggarty
    Section Image
  • Jack Hirsch CCIM

    Buyer's Agent in 2015

    Jack Hirsch CCIM

    Realty World-Hirsch & Assoc.

    (650) 365-1888

    28 Total Sales

    Jack Hirsch CCIM
    Section Image
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Map

Source: MLSListings

MLS Number: ML81448154

MLSListings

APN: 040-073-020

California San Mateo County San Mateo 94403 Hillsdale

44 E 41st Place, San Mateo, CA

Not Listed for Sale

MultiFamily

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