NOT LISTED FOR SALE

490 Lewis Ln Pacifica, CA 94044

Fairmont Neighborhood

Estimated Value: $1,756,000 - $2,064,880

8 Beds
4 Baths
3,000 Sq Ft
$640/Sq Ft Est. Value

Sale Details

Date Sold: October 18, 2013

Last sale price $1,010,000 $337 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $12,368 / mo

28 Days on Market

Highlights

  • Carpet
  • Westmoor High School Rated A-
  • 1-Story Property

About This Home

As of October 2013

2 "duplex units - total of 4 two bedroom 1 bath 2 car garage apartments; 490,492,494,496 Lewis Lane. In need of TLC - for sale by fiduciary and sold AS-IS, court confirmation required. Lots of potential, rents are below market. Now available by overbid - minimum starting bid is set at $850,000

Last Agent to Sell the Property

Mark Benson

Mark Benson,Broker License #00523978 Listed on: 07/16/2013

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.26

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Carpet

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $68,400
  • The owner pays for garbage

Community Details

Overview

  • 4 Units
  • 3,000 Sq Ft Building

Building Details

  • Insurance Expense $1,400
  • Utility Expense $150
  • Trash Expense $250
  • Operating Expense $15,196
  • Gross Income $68,400

Property Details

Home Type

Multi-Family

Lot Details

0.26 Acres

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 336.67
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Kitchen: Refrigerator
  • Living Sq Ft: 3000
  • Stories: 1
  • Laundry: Laundry - No
  • Flooring: Carpet - Area, Carpet

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11475.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 11475.00
  • Lot Size Area Min Search: 11475.00
  • Maximum Lot Size: 11475.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 11.69

Multi Family

  • Expense Insurance: 1400
  • Expenses Total: 15196
  • Expenses Utility: 150
  • Expense Trash: 250
  • Expense Water Sewer: 150
  • Income Annual Gross: 68400.00
  • Income Annual Rental: 68400
  • Income Gross Scheduled: 68400
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Insurance, Fee - Property Tax, Utilities - Water
  • Owner Pays: Garbage
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Electric

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2020
Sold by
Bought by
Current Estimated Value
$1,920,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Outstanding Balance
$868,464
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,052,006

Purchase Details

Closed on
Dec 23, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Outstanding Balance
$868,464
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,052,006

Purchase Details

Closed on
Dec 20, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Outstanding Balance
$868,464
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,052,006

Purchase Details

Closed on
Dec 28, 2015
Sold by
Bought by

Purchase Details

Closed on
Mar 27, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,890
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2013
Closed on
Oct 9, 2013
Sold by
Bought by
Seller's Agent
Mark Benson
Mark Benson,Broker
List Price
$799,500
Sold Price
$1,010,000
Premium/Discount to List
$210,500
26.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%
Original Mortgage
$757,500
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,800
Interest Rate
7.75%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$800,000 Chicago Title Company
-- Chicago Title Company
-- Chicago Title Company
-- Chicago Title Company
-- Chicago Title Company
-- Chicago Title Company
-- None Available
$1,060,000 Fidelity National Title Co
$1,010,000 Chicago Title Company
$680,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $980,000
Previous Owner $801,890
Previous Owner $757,500
Previous Owner $485,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/18/2013 10/18/13 Sold $1,010,000 +26.3% $337 / Sq Ft
08/13/2013 08/13/13 Pending -- -- --
07/16/2013 07/16/13 For Sale $799,500 -- $267 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $23,934 $1,694,595 $1,137,010 $557,585
2023 $23,934 $1,628,796 $1,092,861 $535,935
2022 $22,094 $1,596,860 $1,071,433 $525,427
2021 $21,341 $1,531,102 $885,852 $645,250
2020 $20,974 $1,515,403 $876,769 $638,634
2019 $21,422 $1,485,690 $859,578 $626,112
2018 $19,437 $1,456,560 $842,724 $613,836
2017 $19,430 $1,428,000 $826,200 $601,800
2016 $18,830 $1,097,665 $621,320 $476,345
2015 $14,564 $1,081,178 $611,988 $469,190
2014 $16,677 $1,010,000 $505,000 $505,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Mark Benson

    Mark Benson,Broker

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Map

Source: MLSListings

MLS Number: ML81325722

MLSListings

APN: 009-392-010

California San Mateo County Pacifica 94044 Fairmont

490 Lewis Ln, Pacifica, CA

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