NOT LISTED FOR SALE

445 Pine Ave Half Moon Bay, CA 94019

Estimated Value: $1,323,000 - $2,223,803

5 Beds
3 Baths
2,602 Sq Ft
$630/Sq Ft Est. Value

Last Sold September 10, 2015

Last sale price $1,100,000 $423 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $9,987/month

29 Days on Market

Highlights

  • Ocean View
  • 2 Car Attached Garage
  • Forced Air Heating System

About This Home

As of September 2015

Duplex located on corner of Jenna Lane and Pine Ave - a multi-million dollar neighborhood! Easy walk to beach, coastal trail and downtown Half Moon Bay. 3 bedrooms 2 bath private 2 car garage plus 2 bedroom 1 bath private 2 car garage. Washer & dryer in each unit, wood burning fireplace in each unit, ocean view from upstairs unit, newer carpet upstairs. Recent exterior paint!!!

Last Agent to Sell the Property

Robert McCahon

Coldwell Banker Realty License #00890589 Listed on: 07/13/2015

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1977

Lot Details

  • 6,011

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,602 Sq Ft Home
  • 2-Story Property
  • Ocean Views

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $62,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $550
  • Insurance Expense $1,400
  • Maintenance Expense $2,439
  • Operating Expense $18,590
  • Gross Income $61,152

Property Details

Home Type

Multi-Family

Year Built

1977

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2602
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Living Sq Ft: 2602
  • Stories: 2

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 18.43
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1400
  • Expense Landscape: 550
  • Expense Maintenance: 2439
  • Expenses Total: 18590
  • Income Annual Gross: 61152.00
  • Income Annual Rental: 62400
  • Income Gross Scheduled: 62400
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
Sf & Associates Llc
Bought by
Singh Gursharan
Current Estimated Value
$1,639,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Outstanding Balance
$627,849
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,012,102

Purchase Details

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

Purchase Details

Listed on
Jul 13, 2015
Closed on
Aug 27, 2015
Sold by
Henderson Paul M and Henderson Leea G
Bought by
Singh Gursharan
Seller's Agent
Robert McCahon
Coldwell Banker Realty
Buyer's Agent
RECIP
Out of Area Office
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.95%
Original Mortgage
$770,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2015
Closed on
Aug 18, 2015
Sold by
Singh Gurinder
Bought by
Singh Gursharan
Seller's Agent
Robert McCahon
Coldwell Banker Realty
Buyer's Agent
RECIP
Out of Area Office
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2007
Sold by
Henderson Paul M and Henderson Leea G
Bought by
Henderson Paul M and Henderson Leea G

Purchase Details

Closed on
Dec 9, 2004
Sold by
Jacobson Mark and Adre Nanette U
Bought by
Henderson Paul M and Hernderson Leea G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$676,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2001
Sold by
Jacobson Ivan L and Jacobson Katharine Berson
Bought by
Jacobson Mark and Jacobson Nanette U
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
Singh Gursharan -- Amrock Llc
Sf & Associates Llc -- None Available
Singh Gursharan $1,100,000 Old Republic Title Company
Singh Gursharan -- Old Republic Title Company
Henderson Paul M -- None Available
Henderson Paul M $845,000 North American Title Company
Jacobson Mark -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Gursharan $690,000
Previous Owner Singh Gursharan $770,000
Previous Owner Henderson Paul M $676,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2015 09/10/15 Sold $1,100,000 -4.3% $423 / Sq Ft
08/11/2015 08/11/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $1,150,000 -- $442 / 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 $17,040 $1,302,172 $651,086 $651,086
2023 $17,040 $1,251,608 $625,804 $625,804
2022 $15,841 $1,227,068 $613,534 $613,534
2021 $15,350 $1,203,008 $601,504 $601,504
2020 $15,134 $1,190,674 $595,337 $595,337
2019 $14,755 $1,167,328 $583,664 $583,664
2018 $13,834 $1,144,440 $572,220 $572,220
2017 $13,768 $1,122,000 $561,000 $561,000
2016 $13,784 $1,100,000 $550,000 $550,000
2015 $10,857 $862,000 $431,000 $431,000
2014 $8,812 $690,000 $345,000 $345,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Robert McCahon

    Coldwell Banker Realty

  • R

    Buyer's Agent in 2015

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81484794

MLSListings

APN: 056-144-140

California San Mateo County Half Moon Bay 94019

445 Pine Ave, Half Moon Bay, CA

Not Listed for Sale

MultiFamily

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