NOT LISTED FOR SALE

477 Cypress Ave Half Moon Bay, CA 94019

Estimated Value: $1,282,000 - $1,646,529

5 Beds
3 Baths
2,328 Sq Ft
$603/Sq Ft Est. Value

Last Sold December 24, 2014

Last sale price $688,500 $296 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $8,273/month

14 Days on Market

Highlights

  • Wood Flooring
  • Heating Available
  • 1-Story Property
  • Neighborhood Views

About This Home

As of December 2014

Ideal home AND income property. Duplex features a 3 bedroom/ 2 bath unit with new carpets and paint; and a well maintained 2 bedroom/ 1 bath unit. Each unit boasts a one car garage with laundry hook-ups and separate fenced front and backyards. Great west-side location close to shops, the ocean, coastal trail, park & downtown. Live in one side and receive rental income from the other!

Last Agent to Sell the Property

Devon Page

Coldwell Banker Realty License #01920119 Listed on: 11/10/2014

Coldwell Banker Realty

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 6,490

Home Design

  • Duplex
  • Ceiling Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,328 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • Private Parking
  • Off-Street Parking

Utilities

  • Heating Available
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $37,200
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 2,328 Sq Ft Building

Building Details

  • Insurance Expense $893
  • Operating Expense $6,083
  • Gross Income $37,200

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Listing Details

  • Zoning: R300
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2328
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 2328
  • Stories: 1
  • Laundry: Laundry Area - In All Units, In Garage
  • Flooring: Hardwood - Partial, Carpet - Wall To Wall, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Off-Street Parking

Utilities

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

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6500.00
  • Lot Size Area Min Search: 6500.00
  • Maximum Lot Size: 6500.00

Green Features

  • Energy Features: Ceiling Insulation

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.79

Multi Family

  • Expense Insurance: 893
  • Expenses Total: 6083
  • Income Annual Gross: 37200.00
  • Income Annual Rental: 37200
  • Income Gross Scheduled: 37200
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2014
Closed on
Dec 12, 2014
Sold by
Pharo Thomas Alan
Bought by
Jobson Keith B and Jobson Emilie P
Seller's Agent
Devon Page
Coldwell Banker Realty
Buyer's Agent
RECIP
Out of Area Office
List Price
$699,000
Sold Price
$688,500
Premium/Discount to List
-$10,500
-1.5%
Current Estimated Value
$1,403,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$715,132
Avg. Annual Appreciation
6.62%
Original Mortgage
$481,950
Outstanding Balance
$367,571
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$1,036,061

Purchase Details

Closed on
Aug 28, 2014
Sold by
Pharo Thomas Alan and Pharo Allyn
Bought by
Pharo Thomas Alan
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
Jobson Keith B $688,500 North American Title Co Inc
Pharo Thomas Alan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jobson Keith B $481,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2014 12/24/14 Sold $688,500 -1.5% $296 / Sq Ft
11/24/2014 11/24/14 Pending -- -- --
11/10/2014 11/10/14 For Sale $699,000 -- $300 / 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 $11,817 $827,462 $413,731 $413,731
2023 $11,817 $795,332 $397,666 $397,666
2022 $10,845 $779,738 $389,869 $389,869
2021 $10,445 $764,450 $382,225 $382,225
2020 $10,228 $756,612 $378,306 $378,306
2019 $9,843 $741,778 $370,889 $370,889
2018 $9,249 $727,234 $363,617 $363,617
2017 $9,097 $712,976 $356,488 $356,488
2016 $8,962 $698,998 $349,499 $349,499
2015 $8,953 $688,500 $344,250 $344,250
2014 $5,190 $221,972 $62,145 $159,827
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Devon Page

    Coldwell Banker Realty

    Section Image

  • R

    Buyer's Agent in 2014

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81439880

MLSListings

APN: 056-141-620

California San Mateo County Half Moon Bay 94019

477 Cypress Ave, Half Moon Bay, CA

Not Listed for Sale

MultiFamily

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