NOT LISTED FOR SALE

461 State St San Mateo, CA 94401

North Central Neighborhood

Estimated Value: $1,911,000 - $3,084,727

4 Beds
4 Baths
2,760 Sq Ft
$911/Sq Ft Est. Value

Last Sold June 17, 2019

Last sale price $2,190,000 $793 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $15,969/month

18 Days on Market

Highlights

  • Enclosed Parking
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Borel Middle School Rated A-

About This Home

As of June 2019

This incredible property consists of two townhouse style units with mirror image floor plans with identical levels of upgraded finishes. Both units have been extensively remodeled with permitted plans utilizing licensed contractors. Improvements include remodeled/upgraded bathrooms and a new second bath in each unit. New remodeled kitchens with all new cabinetry, fixtures, appliances and lighting. Structural modifications performed in both units resulting in the creation of open concept floor plans in main living areas. New heating and air conditioning systems including new ductwork in both units. New waterproof, engineered flooring in both units with lifetime warranty for wear and moisture damage. New landscaping throughout the property & automatic irrigation. New redwood decks off of main living areas in both units overlooking landscaped private yards. New perimeter redwood fencing and gates. Media Room/Den with prewired built-ins for AV. A must be seen duplex.

Last Agent to Sell the Property

Steve Zirelli

Cornish & Carey Commercial License #01929245 Listed on: 04/01/2019

Last Buyer's Agent

Disen Cai

KW Advisors License #01928373

KW Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • 1946

Lot Details

  • 6,299

Parking

  • 2 Car Garage
  • Enclosed Parking
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,760 Sq Ft Home
  • 1-Story Property

Additional Features

  • 6,299 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $110,400

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,200
  • Insurance Expense $1,100
  • Utility Expense $1,412
  • Operating Expense $32,135
  • Gross Income $104,880

Property Details

Home Type

Multi-Family

Year Built

1946

Lot Details

6,299 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2760
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Living Sq Ft: 2760
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Enclosed, Off-Street Parking, On Street

Utilities

  • Cooling System: Central Ac
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1446
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6300.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6300.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.72
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1100
  • Expense Landscape: 1200
  • Expenses Total: 32135
  • Expenses Utility: 1412
  • Income Annual Gross: 104880.00
  • Income Annual Rental: 110400
  • Income Gross Scheduled: 110400
  • Meters: Master Water, Separate Electric, Separate Gas
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2019
Closed on
Jun 12, 2019
Sold by
Bowdle William J and See Thomas E
Bought by
Suen Baron C and Suen Fanny S
Seller's Agent
Steve Zirelli
Cornish & Carey Commercial
Buyer's Agent
Disen Cai
KW Advisors
List Price
$2,398,000
Sold Price
$2,190,000
Premium/Discount to List
-$208,000
-8.67%
Current Estimated Value
$2,515,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,432
Avg. Annual Appreciation
2.06%

Purchase Details

Closed on
Oct 27, 2017
Sold by
Bowdie William J and See Thomas E
Bought by
Bowdle William J and See Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 25, 2017
Closed on
Feb 24, 2017
Sold by
Schissel Margaret H
Bought by
Bowdle William J and See Thomas E
Seller's Agent
Steve Zirelli
Cornish & Carey Commercial
Buyer's Agent
RECIP
Out of Area Office
List Price
$1,268,000
Sold Price
$1,400,000
Premium/Discount to List
$132,000
10.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.67%
Original Mortgage
$1,052,000
Interest Rate
7.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 7, 2010
Sold by
Schissel Margaret H and Schissel Robert
Bought by
Schissel Robert P and Schissel Margaret H
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
Suen Baron C $2,190,000 First American Title Company
Bowdle William J -- Chicago Title Company
Bowdle William J $1,400,000 First American Title Company
Schissel Robert P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bowdle William J $1,260,000
Previous Owner Bowdle William J $1,052,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/17/2019 06/17/19 Sold $2,190,000 -8.7% $793 / Sq Ft
04/20/2019 04/20/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $2,398,000 0.0% $869 / Sq Ft
01/07/2018 01/07/18 Rented $4,200 0.0% --
01/07/2018 01/07/18 Under Contract -- -- --
12/06/2017 12/06/17 For Rent $4,200 0.0% --
02/28/2017 02/28/17 Sold $1,400,000 +10.4% $507 / Sq Ft View Prior Sale
01/27/2017 01/27/17 Pending -- -- --
01/25/2017 01/25/17 For Sale $1,268,000 -- $459 / 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 $30,339 $2,442,982 $1,338,620 $1,104,362
2023 $30,339 $2,348,120 $1,286,641 $1,061,479
2022 $28,796 $2,302,079 $1,261,413 $1,040,666
2021 $28,929 $2,256,941 $1,236,680 $1,020,261
2020 $27,846 $2,233,800 $1,224,000 $1,009,800
2019 $18,753 $1,490,220 $832,320 $657,900
2018 $17,939 $1,461,000 $816,000 $645,000
2017 $4,415 $316,842 $142,800 $174,042
2016 $5,308 $310,630 $140,000 $170,630
2015 $4,937 $305,965 $137,898 $168,067
2014 $5,962 $299,972 $135,197 $164,775
Source: Public Records

Agents Affiliated with this Home

  • Steve Zirelli

    Seller's Agent in 2019

    Steve Zirelli

    Cornish & Carey Commercial

    (650) 688-8508

    2 in this area

    40 Total Sales

    Steve Zirelli
    Section Image
  • Disen Cai

    Buyer's Agent in 2019

    Disen Cai

    KW Advisors

    (650) 622-2156

    10 in this area

    328 Total Sales

    Disen Cai
    Section Image

  • T

    Seller's Agent in 2018

    Terry Michaud

    Heritage Realty

    (650) 286-1558

    23 Total Sales

    Terry Michaud
    Section Image

  • R

    Buyer's Agent in 2017

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81744924

MLSListings

APN: 032-131-220

California San Mateo County San Mateo 94401 North Central

461 State St, San Mateo, CA

Not Listed for Sale

MultiFamily

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