NOT LISTED FOR SALE

487 Pine Ave Half Moon Bay, CA 94019

Estimated Value: $1,138,000 - $1,848,776

5 Beds
3 Baths
3,421 Sq Ft
$424/Sq Ft Est. Value

Last Sold November 18, 2016

Last sale price $890,000 $260 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $8,620/month

27 Days on Market

Highlights

  • 4 Car Attached Garage
  • Forced Air Heating System
  • Washer and Dryer

About This Home

As of November 2016

This coastside duplex consists of a 3bd/2ba unit and a 2bd/1ba unit. West side location and walk to the beach, coastal trail, and downtown restaurants and shops! Both units have private, 2 car garages with ample parking in the driveway. Upstairs unit has a deck with access to spacious rear yard.

Last Agent to Sell the Property

Robert Garrison

Garrison Properties License #01989778 Listed on: 09/14/2016

Last Buyer's Agent

Greg Cohn

Capital Realty Group License #00871792

Capital Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • 1977

Lot Details

  • 6,011

Parking

  • 4 Car Attached Garage
  • On-Street Parking
  • Unassigned Parking

Home Design

  • Duplex
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,421 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Disposal

Additional Features

  • 6,011 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $40,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Other Expense $460
  • Trash Expense $1,704
  • Operating Expense $9,186
  • Gross Income $40,800

Property Details

Home Type

Multi-Family

Year Built

1977

Lot Details

6,011 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R30000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3421
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Kitchen: Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3421
  • Stories: 2
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, On Street, Unassigned Spaces

Utilities

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

Lot Info

  • Lot Acres: 0.1380
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5998.21
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5998.21

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 23.28
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expenses Other: 460
  • Expenses Total: 9186
  • Expense Trash: 1704
  • Income Annual Gross: 40800.00
  • Income Annual Rental: 40800
  • Income Gross Scheduled: 40800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Loan - Mortgage, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2016
Closed on
Nov 9, 2016
Sold by
Sanchez Daniel Richard
Bought by
Liu Simon S and Liu Angela P
Seller's Agent
Robert Garrison
Garrison Properties
Buyer's Agent
Greg Cohn
Capital Realty Group
List Price
$949,950
Sold Price
$890,000
Premium/Discount to List
-$59,950
-6.31%
Current Estimated Value
$1,449,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$559,194
Avg. Annual Appreciation
5.41%
Original Mortgage
$590,000
Outstanding Balance
$473,668
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$975,526
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Liu Simon S $890,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Simon S $590,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2016 11/18/16 Sold $890,000 -6.3% $260 / Sq Ft
10/12/2016 10/12/16 Pending -- -- --
09/14/2016 09/14/16 For Sale $949,950 -- $278 / 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 $14,122 $1,032,915 $707,954 $324,961
2023 $14,122 $992,808 $680,464 $312,344
2022 $13,038 $973,342 $667,122 $306,220
2021 $12,611 $954,258 $654,042 $300,216
2020 $12,395 $944,474 $647,336 $297,138
2019 $12,230 $925,956 $634,644 $291,312
2018 $11,358 $907,800 $622,200 $285,600
2017 $11,488 $890,000 $610,000 $280,000
2016 $5,658 $387,762 $105,396 $282,366
2015 $5,823 $381,938 $103,813 $278,125
2014 $5,945 $374,457 $101,780 $272,677
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81614427

MLSListings

APN: 056-141-880

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