NOT LISTED FOR SALE

5055 Palmetto Ave Pacifica, CA 94044

Fairmont Neighborhood

Estimated Value: $1,192,000 - $1,347,000

3 Beds
2 Baths
1,240 Sq Ft
$1,051/Sq Ft Est. Value

Last Sold November 16, 2020

Last sale price $1,128,000 $910 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,376/month

6 Days on Market

Highlights

  • Granite Countertops
  • Double Pane Windows
  • Tile Flooring
  • Westmoor High School Rated A-
  • Bathtub with Shower
  • Walk-in Shower

About This Home

As of November 2020

Beautifully refreshed and updated 3 Bedroom, 2 Full Bath home is a MUST SEE! Conveniently located, in the desirable Fairmont neighborhood, this ideal floor plan boasts new flooring and baseboards, new light fixtures throughout, double-pane windows, interior and exterior paint and new lawn with automatic sprinkler system. The open kitchen includes stainless appliances, granite countertops, new hardware on freshly painted cabinets and recessed lighting. The generous sized dining room area has sliding doors leading to low maintenance backyard. Attached 2-car garage includes extra storage cabinets and epoxy floor. Enjoy easy access to local coffee shops, Safeway, beaches and highways. Welcome home!

Last Agent to Sell the Property

Suzanne Garcia

Compass License #01985329 Listed on: 10/08/2020

Compass

Last Buyer's Agent

Glen Mitchell

KW Advisors License #01345619

KW Advisors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,253

Year Built

  • 1967

Lot Details

  • 3,999 Sq Ft Lot
  • Wood Fence
  • Sprinkler System

HOA Fees

  • $2 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,240 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Double Pane Windows
  • Dining Area
  • Crawl Space

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in Garage
  • Gas Dryer Hookup

Utilities

  • Forced Air Heating System

Community Details

  • Fairmont Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,253

Year Built

1967

Lot Details

0

HOA Fees

$2 per month

Parking

2

Listing Details

  • Zoning: R10003
  • Subclass: Single Family Home
  • Style: Ranch
  • Age: 53
  • Listing Class: Residential
  • Structure Sq Ft: 1240
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1967

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Dining Area
  • Kitchen: Countertop - Granite, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Gas, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1240
  • Stories: 1
  • Laundry: Gas Hookup, In Garage
  • Flooring: Laminate, Tile
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Shower Over Tub - 1, Stall Shower

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition, Shingle
  • Yard/Grounds: Sprinklers - Lawn
  • Fencing: Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 27
  • HOA Fee Frequency: Annually
  • HOA Exist: Yes
  • H O A Name Text: Fairmont Association

Schools

  • School District: Jefferson Union High

Lot Info

  • Lot Acres: 0.0918
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4000.00

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Nov 5, 2020
Sold by
Raffaelli Isaac and Raffaelli Jacob Lila
Bought by
Choi Jangjin and Choi Jennifer
Seller's Agent
Suzanne Garcia
Compass
Buyer's Agent
Glen Mitchell
KW Advisors
List Price
$998,000
Sold Price
$1,128,000
Premium/Discount to List
$130,000
13.03%
Current Estimated Value
$1,303,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,751
Avg. Annual Appreciation
3.04%
Original Mortgage
$902,400
Outstanding Balance
$806,663
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$494,728

Purchase Details

Closed on
Apr 9, 2015
Sold by
Raffaelli Mark J and Raffaelli Patricia H
Bought by
Raffaelli Isaac and Jacobo Raffaelli Lila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2008
Sold by
Raffaelli Mark J and Raffaelli Patricia H
Bought by
Raffaelli Mark J and Raffaelli Patricia H

Purchase Details

Closed on
Dec 9, 2005
Sold by
Marchetti Geri M and Marchetti Mark R
Bought by
Raffaelli Mark J and Raffaelli Patricia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$534,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2005
Sold by
Donovan Raymond P and Donovan Jaquelyn I
Bought by
Marchetti Mark R and Marchetti Geri M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
5.48%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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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
Choi Jangjin $1,128,000 North American Title Co Inc
Raffaelli Isaac -- Fidelity National Title Co
Raffaelli Mark J -- None Available
Raffaelli Mark J $689,000 Chicago Title Insurance Co
Marchetti Mark R $605,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choi Jangjin $902,400
Previous Owner Raffaelli Isaac J $100,000
Previous Owner Raffaelli Isaac $490,000
Previous Owner Raffaelli Isaac $488,500
Previous Owner Raffaelli Isaac $384,000
Previous Owner Raffaelli Mark J $390,459
Previous Owner Raffaelli Mark J $416,000
Previous Owner Raffaelli Mark J $534,000
Previous Owner Marchetti Mark R $121,000
Previous Owner Marchetti Mark R $484,000
Previous Owner Donovan Raymond P $225,000
Previous Owner Donovan Raymond P $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2020 11/16/20 Sold $1,128,000 +13.0% $910 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $998,000 -- $805 / 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 $15,253 $1,220,980 $757,701 $463,279
2023 $15,253 $1,173,571 $728,280 $445,291
2022 $14,334 $1,150,560 $714,000 $436,560
2021 $14,101 $1,128,000 $700,000 $428,000
2020 $9,666 $725,294 $362,647 $362,647
2019 $9,388 $711,074 $355,537 $355,537
2018 $8,921 $697,132 $348,566 $348,566
2017 $9,019 $683,464 $341,732 $341,732
2016 $8,670 $670,064 $335,032 $335,032
2015 $8,271 $630,000 $315,000 $315,000
2014 $7,629 $585,000 $292,500 $292,500
Source: Public Records

Agents Affiliated with this Home

  • Suzanne Garcia

    Seller's Agent in 2020

    Suzanne Garcia

    Compass

    (650) 924-5772

    1 in this area

    68 Total Sales

    Suzanne Garcia
    Section Image
  • Glen Mitchell

    Buyer's Agent in 2020

    Glen Mitchell

    KW Advisors

    (650) 523-9065

    1 in this area

    4 Total Sales

    Glen Mitchell
    Section Image
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Map

Source: MLSListings

MLS Number: ML81814678

MLSListings

APN: 009-604-140

California San Mateo County Pacifica 94015 Fairmont

5055 Palmetto Ave, Pacifica, CA

This home is located at 5055 Palmetto Ave, Pacifica, CA 94044 since 08 October 2020 and is currently estimated at $1,303,751, approximately $1,051 per square foot. This property was built in 1967. 5055 Palmetto Ave is a home located in San Mateo County with nearby schools including Ocean Shore Elementary School, Cabrillo Elementary School, and Linda Mar Educational Center.

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