NOT LISTED FOR SALE

491 Pine Ave Half Moon Bay, CA 94019

Half Moon Bay Area

Estimated Value: $1,221,000 - $2,008,785

5 Beds
3 Baths
3,620 Sq Ft
$437/Sq Ft Est. Value

Sale Details

Date Sold: June 6, 2016

Last sale price $885,000 $244 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $9,787 / mo

209 Days on Market

Highlights

  • Deck
  • Kennel or Dog Run
  • Washer and Dryer
  • Secured Garage or Parking
  • Forced Air Heating System
  • Fenced

About This Home

As of June 2016

This spacious duplex, 3bd/1.5ba and 2bd/1ba, has 2 garage units, decks and fenced front/back yard. Walking distance to beaches, schools, downtown restaurants and shops. Strong demand and limited supply for local apartment units has created low vacancy/rising rents environment. New owner can add value by renovating and re-tenanting. This property is attractively priced below recent sales comps. 100% occupied at below market rents. Market rent estimates: 3bd/1.5ba: $3100-$2900. 2bd/1ba:$2300-$2100.

Last Agent to Sell the Property

Randy Kinghorn

Kinghorn Commercial Properties License #01743580 Listed on: 10/08/2015

Last Buyer's Agent

Randy Kinghorn

Kinghorn Commercial Properties License #01743580 Listed on: 10/08/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • 1977

Lot Details

  • Kennel or Dog Run
  • Fenced
  • Back Yard

Parking

  • 4 Car Garage
  • Secured Garage or Parking
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,620 Sq Ft Home
  • 2-Story Property
  • Electric Oven
  • Washer and Dryer

Flooring

  • Carpet
  • Vinyl

Additional Features

  • Deck
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $46,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Operating Expense $14,975
  • Gross Income $46,800

Property Details

Home Type

Multi-Family

Year Built

1977

Lot Details

6,011 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R-3
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3620
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Kitchen: Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3620
  • Stories: 2
  • Security: Secured Garage / Parking
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Deck, Dog Run / Kennel, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Covered Parking, Off-Street Parking, On Street

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Description: Regular
  • 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): Month To Month
  • Gross Rent Multiplier: 19.62
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 14975
  • Income Annual Gross: 46800.00
  • Income Annual Rental: 46800
  • Income Gross Scheduled: 46800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

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

Listed on
Oct 8, 2015
Closed on
May 31, 2016
Sold by
Bought by
Seller's Agent
Randy Kinghorn
Kinghorn Commercial Properties
Buyer's Agent
Randy Kinghorn
Kinghorn Commercial Properties
List Price
$975,000
Sold Price
$885,000
Premium/Discount to List
-$90,000
-9.23%
Current Estimated Value
$1,582,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$697,446
Avg. Annual Appreciation
5.92%

Purchase Details

Listed on
Oct 8, 2015
Closed on
May 26, 2016
Sold by
Bought by
Seller's Agent
Randy Kinghorn
Kinghorn Commercial Properties
Buyer's Agent
Randy Kinghorn
Kinghorn Commercial Properties
List Price
$975,000
Sold Price
$885,000
Premium/Discount to List
-$90,000
-9.23%

Purchase Details

Closed on
Aug 2, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 2008
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
$531,250
Interest Rate
0.0541%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
$442,500 North American Title Co Inc
$885,000 North American Title Co Inc
-- None Available
$625,000 Old Republic Title Company
-- --
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
Previous Owner $487,500
Previous Owner $531,250
Previous Owner $116,000
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
06/06/2016 06/06/16 Sold $885,000 -9.2% $244 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
10/08/2015 10/08/15 For Sale $975,000 -- $269 / 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 $14,281 $1,047,653 $769,465 $278,188
2023 $14,281 $1,006,974 $739,587 $267,387
2022 $13,203 $987,231 $725,086 $262,145
2021 $12,761 $967,874 $710,869 $257,005
2020 $12,545 $957,950 $703,580 $254,370
2019 $12,046 $939,168 $689,785 $249,383
2018 $13,279 $920,754 $676,260 $244,494
2017 $11,225 $902,700 $663,000 $239,700
2016 $10,691 $693,482 $346,741 $346,741
2015 $10,303 $683,066 $341,533 $341,533
2014 $10,437 $669,686 $334,843 $334,843
Source: Public Records

Agents Affiliated with this Home

  • Randy Kinghorn

    Seller's Agent in 2016

    Randy Kinghorn

    Kinghorn Commercial Properties

    (650) 918-4388

    11 Total Sales

    Randy Kinghorn
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81518137

MLSListings

APN: 056-141-890

California San Mateo County Half Moon Bay 94019

491 Pine Ave, Half Moon Bay, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2026 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.