NOT LISTED FOR SALE

50 Spruce St Millbrae, CA 94030

Estimated Value: $1,675,746 - $1,930,000

5 Beds
3 Baths
2,315 Sq Ft
$774/Sq Ft Est. Value

Last Sold July 22, 2014

Last sale price $915,000 $395 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $10,661/month

8 Days on Market

Highlights

  • Carpet
  • Taylor Middle School Rated A-
  • 1-Story Property

About This Home

As of July 2014

A great opportunity for investor /owner occupied , 2 units ,3bedroom 1.5 bath & 2 bedroom & 1 bath ,in the heart of Silicon Valley , great rental property.Potential for $4800 rent monthly Please don't disturb the tenants, ,Owner lives in one unit .

Last Agent to Sell the Property

Hank Farzaneh

Intero Real Estate Services License #01773549 Listed on: 06/03/2014

Intero Real Estate Services

Last Buyer's Agent

Barclay Yee

Global Realty License #01060795

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 5,009

Parking

  • Covered Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,315 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Disposal
  • Laundry in Garage

Utilities

  • Heating System Uses Natural Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $1,300

Community Details

Overview

  • 2,315 Sq Ft Building

Building Details

  • Insurance Expense $100
  • Operating Expense $4,977
  • Gross Income $1,300

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Sale Price Per Sq Ft: 395.25
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2315
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Garbage Disposal, Varies By Unit, Refrigerator
  • Living Sq Ft: 2315
  • Stories: 1
  • Laundry: In Garage
  • Flooring: Carpet - Area, Carpet

Exterior Features

  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Common Parking Area

Utilities

  • Heating System: Gas - Natural
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5000.00
  • Lot Size Area Min Search: 5000.00
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): More Than 1 Yr
  • Gross Rent Multiplier: 653.85

Multi Family

  • Expense Insurance: 100
  • Expenses Total: 4977
  • Income Annual Gross: 1300.00
  • Income Annual Rental: 1300
  • Income Gross Scheduled: 1300
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Miscellaneous/Other
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2024
Sold by
Lin Pengchao and Li Xueqing
Bought by
Lin Family Trust and Lin
Current Estimated Value
$1,791,437

Purchase Details

Listed on
Jun 3, 2014
Closed on
Jul 15, 2014
Sold by
Sanchez Juanita M
Bought by
Lin Pengchao and Li Xueqing
Seller's Agent
Hank Farzaneh
Intero Real Estate Services
Buyer's Agent
Barclay Yee
Global Realty
List Price
$849,999
Sold Price
$915,000
Premium/Discount to List
$65,001
7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%
Original Mortgage
$485,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2010
Sold by
Sanchez Juanita M
Bought by
Sanchez Richard M

Purchase Details

Closed on
Sep 15, 1999
Sold by
Martinson Juanita
Bought by
Martinson Juanita and Sanchez Juanita

Purchase Details

Closed on
Nov 25, 1998
Sold by
Martinson Juanita D and Sanchez Richard M
Bought by
Martinson Juanita D and Sanchez Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,532
Interest Rate
6.86%

Purchase Details

Closed on
Nov 20, 1998
Sold by
Martinson Juanita
Bought by
Martinson Juanita and Sanchez Juanita D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,532
Interest Rate
6.86%

Purchase Details

Closed on
Sep 16, 1998
Sold by
Martinson Juanita
Bought by
Martinson Juanita D
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
Lin Family Trust -- None Listed On Document
Lin Pengchao $915,000 First American Title Company
Sanchez Richard M -- None Available
Martinson Juanita -- --
Martinson Juanita D -- First American Title Co
Martinson Juanita -- --
Martinson Juanita D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lin Pengchao $485,000
Previous Owner Martinson Juanita D $251,532
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2014 07/22/14 Sold $915,000 +7.6% $395 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
06/03/2014 06/03/14 For Sale $849,999 -- $367 / 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 $15,296 $1,099,682 $549,841 $549,841
2023 $15,296 $1,056,982 $528,491 $528,491
2022 $12,048 $1,036,258 $518,129 $518,129
2021 $11,915 $1,015,940 $507,970 $507,970
2020 $11,725 $1,005,524 $502,762 $502,762
2019 $11,453 $985,808 $492,904 $492,904
2018 $11,233 $966,480 $483,240 $483,240
2017 $10,975 $947,530 $473,765 $473,765
2016 $10,836 $928,952 $464,476 $464,476
2015 $10,764 $915,000 $457,500 $457,500
2014 $5,028 $409,203 $119,570 $289,633
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2014

    Hank Farzaneh

    Intero Real Estate Services

    Section Image

  • B

    Buyer's Agent in 2014

    Barclay Yee

    Global Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81419515

MLSListings

APN: 021-301-290

California San Mateo County Millbrae 94030

50 Spruce St, Millbrae, CA

Not Listed for Sale

MultiFamily

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