NOT LISTED FOR SALE

514 S Eldorado St San Mateo, CA 94402

Downtown San Mateo Neighborhood

Estimated Value: $1,820,000 - $2,488,164

4 Beds
3 Baths
2,990 Sq Ft
$700/Sq Ft Est. Value

Last Sold November 02, 2017

Last sale price $1,610,000 $538 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $12,764/month

12 Days on Market

Highlights

  • Marble Countertops
  • High Ceiling
  • Balcony
  • Borel Middle School Rated A-
  • Beamed Ceilings
  • 2 Car Attached Garage

About This Home

As of November 2017

Duplex within walking distance to downtown San Mateo. Great investment property; Live in one and rent out the other. First floor: 2 bedrooms, 1 bath, laundry room with W/D hookups. 2nd floor: 3 Bedrooms (one being a master), 2 Bathrooms & Open beam ceilings. 2 Car Garage with laundry room with W/D hook-ups for upstairs unit. Fireplace & dishwasher in each unit. Spacious backyard patio. Long driveway for tandem parking. Gas and Electric Separately metered - Water and Trash billed together

Last Agent to Sell the Property

Chris Eckert

KW Advisors License #01456626 Listed on: 09/18/2017

KW Advisors

Co-Listed By

Lutfallah Khoury

KW Advisors License #01777936

Last Buyer's Agent

Steven Wu

W Star Investment Inc License #01265269

Property Details

Home Type

  • Multi-Family

Year Built

  • 1927

Lot Details

  • 4,561 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Ceiling Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,990 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling

Kitchen

  • Dishwasher
  • Marble Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $84,000

Community Details

Overview

Building Details

  • Insurance Expense $2,000
  • Utility Expense $1,080
  • Trash Expense $520
  • Operating Expense $19,000
  • Gross Income $84,000

Property Details

Home Type

Multi-Family

Year Built

1927

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2990
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1927

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Marble, Dishwasher
  • Living Sq Ft: 2990
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio, Bbq Area, Fenced

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Open Beam Ceiling

Schools

  • High School: 602

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1047
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4560.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4560.00

Green Features

  • Energy Features: Ceiling Insulation

Rental Info

  • Gross Rent Multiplier: 15.48

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2000
  • Expenses Total: 19000
  • Expenses Utility: 1080
  • Expense Trash: 520
  • Income Annual Gross: 84000.00
  • Income Annual Rental: 84000
  • Income Gross Scheduled: 84000
  • Income Includes: Lease, Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2017
Closed on
Dec 29, 2017
Sold by
Jen Bobby Y and Jen Roxanne Tan
Bought by
Jen Bobby Y and Jen Roxanne T
Seller's Agent
Chris Eckert
KW Advisors
Buyer's Agent
Steven Wu
W Star Investment Inc
List Price
$1,300,000
Sold Price
$1,610,000
Premium/Discount to List
$310,000
23.85%
Current Estimated Value
$2,092,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$482,291
Avg. Annual Appreciation
3.24%

Purchase Details

Listed on
Sep 18, 2017
Closed on
Oct 17, 2017
Sold by
Palma Enrique B and Decastro Jeanna P
Bought by
Jen Bobby Y and Jen Jean Roxanne
Seller's Agent
Chris Eckert
KW Advisors
Buyer's Agent
Steven Wu
W Star Investment Inc
List Price
$1,300,000
Sold Price
$1,610,000
Premium/Discount to List
$310,000
23.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,207,500
Outstanding Balance
$1,008,873
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$1,083,418

Purchase Details

Listed on
Sep 18, 2017
Closed on
Sep 12, 2017
Sold by
Palma Mirla M
Bought by
Palma Enrique B
Seller's Agent
Chris Eckert
KW Advisors
Buyer's Agent
Steven Wu
W Star Investment Inc
List Price
$1,300,000
Sold Price
$1,610,000
Premium/Discount to List
$310,000
23.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,207,500
Outstanding Balance
$1,008,873
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$1,083,418

Purchase Details

Closed on
May 20, 2015
Sold by
Palma Rolendia B
Bought by
Palma Enrique B and Decastro Jeanne P

Purchase Details

Closed on
Jan 5, 2013
Sold by
Palma Enrique B
Bought by
Palma Enrique B and Palma Rolendia B

Purchase Details

Closed on
Apr 3, 2007
Sold by
Decastro Jeanne P
Bought by
Palma Enrique B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Interest Rate
8.62%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 19, 1998
Sold by
Naify Marc J
Bought by
Pons Luis J and Pons Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jen Bobby Y -- None Available
Jen Bobby Y $1,610,000 First American Title Company
Palma Enrique B -- First American Title Company
Palma Enrique B -- None Available
Palma Enrique B -- None Available
Palma Enrique B -- None Available
Palma Enrique B $396,000 Alliance Title Company
Pons Luis J $489,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jen Bobby Y $1,207,500
Previous Owner Palma Enrique B $792,000
Previous Owner Pons Luis J $359,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2017 11/02/17 Sold $1,610,000 +23.8% $538 / Sq Ft
10/01/2017 10/01/17 Pending -- -- --
09/18/2017 09/18/17 For Sale $1,300,000 -- $435 / 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 $23,183 $1,831,901 $1,365,393 $466,508
2023 $23,183 $1,760,768 $1,312,374 $448,394
2022 $22,764 $1,726,244 $1,286,642 $439,602
2021 $22,237 $1,692,397 $1,261,414 $430,983
2020 $21,248 $1,675,044 $1,248,480 $426,564
2019 $20,646 $1,642,200 $1,224,000 $418,200
2018 $19,803 $1,610,000 $1,200,000 $410,000
2017 $14,226 $1,142,858 $571,429 $571,429
2016 $15,486 $1,120,450 $560,225 $560,225
2015 $13,701 $1,050,000 $525,000 $525,000
2014 $11,908 $900,000 $450,000 $450,000
Source: Public Records

Agents Affiliated with this Home

  • Chris Eckert

    Seller's Agent in 2017

    Chris Eckert

    KW Advisors

    (650) 627-3799

    14 in this area

    116 Total Sales

    Chris Eckert
    Section Image

  • L

    Seller Co-Listing Agent in 2017

    Lutfallah Khoury

    KW Advisors

    Section Image
  • Steven Wu

    Buyer's Agent in 2017

    Steven Wu

    W Star Investment Inc

    (408) 821-7678

    20 Total Sales

    Steven Wu
    Section Image
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Map

Source: MLSListings

MLS Number: ML81678313

MLSListings

APN: 033-283-070

California San Mateo County San Mateo 94402 Downtown San Mateo

514 S Eldorado St, San Mateo, CA

Not Listed for Sale

MultiFamily

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