NOT LISTED FOR SALE

440 Laurel Ave Half Moon Bay, CA 94019

Estimated Value: $1,241,000 - $2,036,510

4 Beds
4 Baths
3,460 Sq Ft
$463/Sq Ft Est. Value

Last Sold July 30, 2013

Last sale price $780,000 $225 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $9,204/month

18 Days on Market

Highlights

  • Neighborhood Views
  • Carpet
  • Heating Available
  • Level Lot

About This Home

As of July 2013

Great multi-family duplex on the westside of H-1 in the Pilarcitos Park neighborhood. Listing includes 442 Laurel Ave. and has two separate parcels.Each unit has backyard and two car garage, nice sized kitchens, family/dining area, separate living room w/ access to rear yards. Two bedrooms and 1 full bath upstairs. Great central location near downtown, restaurants, stores, beaches and more!

Last Agent to Sell the Property

Nathan Serdy

Compass License #70000822 Listed on: 06/03/2013

Compass

Last Buyer's Agent

Gordon D. Robertson

Robertson Properties License #01347025

Property Details

Home Type

  • Multi-Family

Year Built

  • 1983

Lot Details

  • Level Lot

Parking

  • Private Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 3,460 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Dishwasher

Utilities

  • Heating Available
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $25,200

Community Details

Overview

  • 3,460 Sq Ft Building

Building Details

  • Gardener Expense $600
  • Insurance Expense $1,200
  • Maintenance Expense $400
  • Other Expense $1,150
  • Utility Expense $1,560
  • Trash Expense $840
  • Operating Expense $15,311
  • Gross Income $25,200

Property Details

Home Type

Multi-Family

Year Built

1983

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 225.43
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 3460
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1983

Interior Features

  • Kitchen: Dishwasher, Oven Range, Refrigerator
  • Living Sq Ft: 3460
  • Stories: 2
  • Laundry: Laundry Area - In Unit
  • Flooring: Carpet

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

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

Schools

  • High School: 1035

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 3000.00
  • Lot Size Area Min Search: 3000.00
  • Maximum Lot Size: 3000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 33.69

Multi Family

  • Expense Insurance: 1200
  • Expense Landscape: 600
  • Expense Maintenance: 400
  • Expenses Other: 1150
  • Expenses Total: 15311
  • Expenses Utility: 1560
  • Expense Trash: 840
  • Expense Water Sewer: 960
  • Income Annual Gross: 25200.00
  • Income Annual Rental: 25200
  • Income Gross Scheduled: 25200
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Fee - Property Tax
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2015
Sold by
Motamed Soheil and Canning Rachel
Bought by
Motamed/Canning 2015 Living Trust and Canning Rachel
Current Estimated Value
$1,600,628

Purchase Details

Listed on
Jun 3, 2013
Closed on
Jul 24, 2013
Sold by
Aboud Judith and Aboud Anna
Bought by
Motamed Soheil and Canning Rachel
Seller's Agent
Nathan Serdy
Compass
Buyer's Agent
Gordon D. Robertson
Robertson Properties
List Price
$849,000
Sold Price
$780,000
Premium/Discount to List
-$69,000
-8.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.90%
Original Mortgage
$477,750
Outstanding Balance
$348,274
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$1,252,354

Purchase Details

Closed on
Apr 11, 2007
Sold by
Cunha Ronald E and Cunha Nancy M
Bought by
Aboud Judith and Aboud Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
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
Motamed/Canning 2015 Living Trust -- None Available
Motamed Soheil $780,000 North American Title Co Inc
Aboud Judith $999,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Motamed Soheil $477,750
Previous Owner Aboud Judith $612,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2013 07/30/13 Sold $780,000 -8.1% $225 / Sq Ft
06/21/2013 06/21/13 Pending -- -- --
06/03/2013 06/03/13 For Sale $849,000 -- $245 / 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 $10,699 $717,121 $239,039 $478,082
2023 $10,699 $689,275 $229,757 $459,518
2022 $9,778 $675,760 $225,252 $450,508
2021 $9,399 $662,511 $220,836 $441,675
2020 $9,183 $655,719 $218,572 $437,147
2019 $9,733 $642,863 $214,287 $428,576
2018 $8,169 $630,259 $210,086 $420,173
2017 $8,096 $617,902 $205,967 $411,935
2016 $8,006 $605,787 $201,929 $403,858
2015 $7,878 $596,688 $198,896 $397,792
2014 $7,668 $780,000 $390,000 $390,000
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2013

    Nathan Serdy

    Compass

    Section Image

  • G

    Buyer's Agent in 2013

    Gordon D. Robertson

    Robertson Properties

See All Agents

Map

Source: MLSListings

MLS Number: ML81319238

MLSListings

APN: 056-144-050

California San Mateo County Half Moon Bay 94019

440 Laurel Ave, Half Moon Bay, CA

Not Listed for Sale

MultiFamily

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