NOT LISTED FOR SALE

Estimated Value: $1,863,577 - $2,208,000

6 Beds
-- Bath
3,910 Sq Ft
$518/Sq Ft Est. Value

Last Sold April 24, 2014

Last sale price $975,000 $249 Per Sq Ft

160 Days on Market

Highlights

  • Ocean View
  • Deck
  • Forced Air Heating System
  • Westmoor High School Rated A-
  • Balcony
  • Laundry Facilities

About This Home

As of April 2014

Ocean view, freestanding owners unit....other two units(duplex) to the back of the property.....Very nice wood sided units, all with two car garages. Fireplaces, extra storage, high ceilings and other amenities....all units on month to month lease/with upside in rents...extra large lot

Last Agent to Sell the Property

Vince Armando

Armando Investment License #00609541 Listed on: 10/15/2013

Last Buyer's Agent

Rob Reynolds

RE/MAX Gold Redwood Shores. License #00933235

RE/MAX Gold Redwood Shores.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,767

Year Built

  • 1988

Lot Details

  • 0.27

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 3,910 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Parking

  • Garage
  • Private Parking
  • Garage Door Opener

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $64,200
  • The owner pays for garbage, water

Community Details

Overview

  • 3 Units
  • 3,910 Sq Ft Building

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $1,600
  • Trash Expense $1,500
  • Operating Expense $13,132
  • Gross Income $65,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,767

Year Built

1988

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Age: 26
  • Sale Price Per Sq Ft: 249.36
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 3910
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1988

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Varies By Unit, Microwave, Oven Range
  • Living Sq Ft: 3910
  • Stories: 2
  • Laundry: Washer/Dryer - Owned Coin-Op, Community Facility
  • Flooring: Carpet - Area, Carpet

Exterior Features

  • Roof: Composition
  • View: Ocean
  • Yard/Grounds: Balcony / Patio, Deck

Garage/Parking

  • Garage Parking Features: Gate / Door Opener, Private / Exclusive, Spaces Per Unit - 1

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Jefferson Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12283.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 12283.00
  • Lot Size Area Min Search: 12283.00
  • Maximum Lot Size: 12283.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.24
  • Min Rent2 Bed1 Bath: 1700

Multi Family

  • Expense Insurance: 1600
  • Expenses Total: 13132
  • Expense Trash: 1500
  • Expense Water Sewer: 1800
  • Income Annual Gross: 65400.00
  • Income Annual Rental: 64200
  • Income Gross Scheduled: 65400
  • Income Includes: Laundry, Lease
  • Income Laundry: 1200
  • Maximum Building Height: 2
  • Maximum Rent2 Bed1 Bath: 2100
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Fee - Property Tax, Services - Sewer
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2016
Sold by
Meagher Monica and Tanza Monica
Bought by
Meagher Monica and Meagher Jarl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Outstanding Balance
$550,974
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 15, 2013
Closed on
Apr 7, 2014
Sold by
510 Lewis Lane Llc
Bought by
Tanza Monica
Seller's Agent
Vince Armando
Armando Investment
Buyer's Agent
Rob Reynolds
RE/MAX Gold Redwood Shores.
List Price
$997,000
Sold Price
$975,000
Premium/Discount to List
-$22,000
-2.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,250
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2013
Sold by
Jamason Ellen E and Rotandaro Roseann
Bought by
510 Lewis Lane Llc

Purchase Details

Closed on
Jun 26, 2012
Sold by
Schenck Michelle M
Bought by
Jamason Ellen E and Rotandaro Roseann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2006
Sold by
Mcfarland William E
Bought by
Schenck Michelle M

Purchase Details

Closed on
Jul 28, 1998
Sold by
Mcfarland William E
Bought by
Mcfarland William E

Purchase Details

Closed on
Apr 26, 1996
Sold by
Jung Leong and Jung Grace F
Bought by
Mcfarland William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.82%
Source: Public Records

Range of Values:

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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
Meagher Monica $570,000 First American Title Company
Tanza Monica $975,000 Fidelity National Title Co
510 Lewis Lane Llc -- Fidelity National Title Co
Jamason Ellen E $760,000 Fidelity National Title Co
Schenck Michelle M -- None Available
Mcfarland William E -- --
Mcfarland William E $315,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meagher Monica $685,000
Closed Tanza Monica $701,250
Previous Owner Jamason Ellen E $570,000
Previous Owner Mcfarland William $120,000
Previous Owner Schenek Joseph $200,000
Previous Owner Mcfarland William E $260,000
Previous Owner Mcfarland William E $262,500
Previous Owner Mcfarland William E $262,500
Previous Owner Mcfarland William E $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2014 04/24/14 Sold $975,000 -2.2% $249 / Sq Ft
03/24/2014 03/24/14 Pending -- -- --
10/15/2013 10/15/13 For Sale $997,000 -- $255 / 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 $16,767 $1,195,204 $597,602 $597,602
2023 $16,767 $1,148,796 $574,398 $574,398
2022 $13,681 $1,126,272 $563,136 $563,136
2021 $13,552 $1,104,190 $552,095 $552,095
2020 $13,809 $1,092,868 $546,434 $546,434
2019 $14,297 $1,071,440 $535,720 $535,720
2018 $13,430 $1,050,432 $525,216 $525,216
2017 $13,019 $1,029,836 $514,918 $514,918
2016 $13,202 $1,009,644 $504,822 $504,822
2015 $13,207 $994,480 $497,240 $497,240
2014 $12,317 $763,450 $381,725 $381,725
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81337891

MLSListings

APN: 009-392-030