NOT LISTED FOR SALE

513 Carlos Ave Redwood City, CA 94061

Redwood Oaks Neighborhood

Estimated Value: $1,775,000 - $2,321,634

4 Beds
2 Baths
2,184 Sq Ft
$890/Sq Ft Est. Value

Last Sold September 07, 2018

Last sale price $1,500,000 $687 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $11,783/month

9 Days on Market

Highlights

  • Mountain View
  • Traditional Architecture
  • 2 Car Attached Garage
  • Woodside High School Rated A
  • Wood Flooring
  • Laundry Room

About This Home

As of September 2018

Welcome to 513 Carlos Ave & 201 Roble Ave in Excellent Redwood City Location bordering Atherton. West of El Camino, Location, Location, Location! This pride of ownership duplex hasn't been sold since early 1960's and is perfect for the savvy investor looking to maximize return and have steady tenants. Or live on one side and rent the other for great income. Easy income producing units and highly desirable. The best is the two units do not share common walls, on a fabulous corner lot location with a great street, each have a one car garage and backyard area, laundry etc. Very close to all shopping, El Camino, Cal train, VTA, freeways 84/101/280, schools, parks, downtown bustling Redwood City and much more. Come check out this great duplex, once in a lifetime opportunity.

Last Agent to Sell the Property

Daniel Ebrahemi

Intero Real Estate Services License #01841480 Listed on: 08/03/2018

Intero Real Estate Services

Last Buyer's Agent

Daniel Ebrahemi

Intero Real Estate Services License #01841480 Listed on: 08/03/2018

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,230

Year Built

  • 1949

Lot Details

  • 5,301 Sq Ft Lot
  • Security Fence

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces
  • On-Street Parking
  • Off-Site Parking

Home Design

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

Interior Spaces

  • 2,184 Sq Ft Home
  • 1-Story Property
  • Storage Room
  • Mountain Views

Flooring

  • Wood
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

  • 2,184 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,000
  • Insurance Expense $1,000
  • Maintenance Expense $1,000
  • Other Expense $200
  • Utility Expense $150
  • Trash Expense $100
  • Operating Expense $4,591
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,230

Year Built

1949

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Style: Ranch, Traditional
  • Age: 69
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2184
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Kitchen: 220 Volt Outlet, Appliances - Vary By Unit
  • Living Sq Ft: 2184
  • Stories: 1
  • Security: Security Fence
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Hardwood, Tile
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Mountains
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Site Parking, On Street
  • Carport Min: 2

Utilities

  • Cooling System: Window / Wall Unit
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1217
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5300.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5300.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 41.67
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expense Landscape: 1000
  • Expense Maintenance: 1000
  • Expenses Other: 200
  • Expenses Total: 4591
  • Expenses Utility: 150
  • Expense Trash: 100
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Income Includes: Storage Area
  • Meters: Separate Other
  • Number Of Buildings: 2
  • Tenant Expenses: All Expenses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2018
Sold by
Fu Ernestine
Bought by
Fu Ernestine and The Fu 2018 Revocable Living T
Current Estimated Value
$1,943,659

Purchase Details

Listed on
Aug 3, 2018
Closed on
Aug 30, 2018
Sold by
Cirina Joseph F and Cirina Mary L
Bought by
Fu Ernestine
Seller's Agent
Daniel Ebrahemi
Intero Real Estate Services
Buyer's Agent
Daniel Ebrahemi
Intero Real Estate Services
List Price
$1,500,000
Sold Price
$1,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.31%
Original Mortgage
$1,100,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 1996
Sold by
Cirina Joseph F and Cirina Mary L
Bought by
Cirina Joseph F and Cirina Mary Lou
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
Fu Ernestine -- None Available
Fu Ernestine $1,500,000 Lawyers Title Co
Cirina Joseph F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fu Ernestine $1,050,000
Closed Fu Ernestine $1,076,500
Closed Fu Ernestine $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2018 09/07/18 Sold $1,500,000 0.0% $687 / Sq Ft
08/13/2018 08/13/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $1,500,000 -- $687 / 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 $18,230 $1,673,273 $1,171,292 $501,981
2023 $18,230 $1,608,300 $1,125,810 $482,490
2022 $17,109 $1,576,766 $1,103,736 $473,030
2021 $16,943 $1,545,850 $1,082,095 $463,755
2020 $16,715 $1,530,000 $1,071,000 $459,000
2019 $16,654 $1,500,000 $1,050,000 $450,000
2018 $1,198 $97,904 $26,940 $70,964
2017 $1,186 $95,985 $26,412 $69,573
2016 $1,141 $94,104 $25,895 $68,209
2015 $1,102 $92,692 $25,507 $67,185
2014 $1,082 $90,877 $25,008 $65,869
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Daniel Ebrahemi

    Intero Real Estate Services

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Map

Source: MLSListings

MLS Number: ML81717436

MLSListings

APN: 059-122-010

California San Mateo County Redwood City 94061 Redwood Oaks

513 Carlos Ave, Redwood City, CA

This home is located at 513 Carlos Ave, Redwood City, CA 94061 since 03 August 2018 and is currently estimated at $1,943,659, approximately $889 per square foot. This property was built in 1949. 513 Carlos Ave is a home located in San Mateo County with nearby schools including Henry Ford Elementary School, John F. Kennedy Middle School, and Woodside High School.

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