NOT LISTED FOR SALE

Estimated Value: $2,462,000 - $3,002,675

5 Beds
4 Baths
5,251 Sq Ft
$522/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $2,388,000 $455 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $16,946/month

10 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Guest Parking
  • Woodside High School Rated A
  • 3 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of March 2021

Rarely available, completely updated Triplex perfect for owner-occupant or investors in the heart of sunny Redwood City. Situated on a quiet cul-de-sac on the West side of RC. Close to shopping, recreation, transportation, Atherton & Downtown Menlo Park. The entire property has been recently renovated including modernizations throughout and brand new interior and exterior paint. MAIN HOME: Includes three oversized bedrooms, two updated baths, remodeled open- concept kitchen, breakfast area and family room with fireplace will sure be a great entertainment and gathering place. The spacious living room is large and has a fireplace, elegant hardwood floors throughout, attached two car garage. SECOND UNIT: An oversized apartment includes two Bedrooms, including a master, remodeled baths, new kitchen, beautiful outdoor deck and a one car garage. THIRD UNIT: A remodeled and cozy studio apartment. Perfect for single or young couples but could function seamlessly as a home office or gym.

Last Agent to Sell the Property

Mouna Kayed

Compass License #01226294 Listed on: 01/13/2021

Compass

Last Buyer's Agent

Elina Lee

Compass License #01376276

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,101

Year Built

  • 1966

Lot Details

  • 7,501

Parking

  • 3 Car Attached Garage
  • Guest Parking

Home Design

  • Triplex
  • Tile Roof
  • Composition Roof

Interior Spaces

  • 5,251 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Crawl Space
  • Alarm System
  • Washer and Dryer

Kitchen

  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Granite Countertops

Additional Features

  • 7,501 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $127,200

Community Details

Overview

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Utility Expense $5,400
  • Trash Expense $1,200
  • Operating Expense $17,200
  • Gross Income $127,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,101

Year Built

1966

Lot Details

0

Parking

3

Listing Details

  • Zoning: R20000
  • Subclass: Triplex
  • Age: 55
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5251
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Kitchen: Countertop - Granite, Hood Over Range, Microwave, Oven - Self Cleaning, Pantry, Refrigerator
  • Living Sq Ft: 5251
  • Stories: 1
  • Security: Security Alarm
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Hardwood

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition, Tile

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Guest / Visitor Parking, Parking Area, Room For Oversized Vehicle

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7503.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7503.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 18.77

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2400
  • Expense Landscape: 1200
  • Expenses Total: 17200
  • Expenses Utility: 5400
  • Expense Trash: 1200
  • Income Annual Gross: 127200.00
  • Income Annual Rental: 127200
  • Income Gross Scheduled: 127200
  • Income Includes: Owners Unit Rental
  • Meters: Master Gas, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Loan - Principle & Interest
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2023
Sold by
Au Family Blessings Llc
Bought by
Kenneth Chiming Au And Jessie Fungyee Au Fami
Current Estimated Value
$2,741,169

Purchase Details

Closed on
May 26, 2021
Sold by
Au Kenneth Chiming and Au Jessie Fungyee
Bought by
Au Family Blessings Llc

Purchase Details

Listed on
Jan 13, 2021
Closed on
Mar 4, 2021
Sold by
Singh Satendra P and Singh Indra K
Bought by
Au Kenneth Chiming and Au Jessie Fungyee
Seller's Agent
Mouna Kayed
Compass
Buyer's Agent
Elina Lee
Compass
List Price
$2,388,000
Sold Price
$2,388,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.12%
Original Mortgage
$1,388,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2002
Sold by
Singh Satendra P and Singh Indra K
Bought by
Singh Satendra P and Singh Indra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.52%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 20, 1998
Sold by
Chaudhary Hira M
Bought by
Singh Satendra P and Singh Indra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
7.12%

Purchase Details

Closed on
Aug 3, 1995
Sold by
Harvey Whitney Raymond and Harvey Ernestine Claire
Bought by
Singh Satendra P and Singh Indra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.63%
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
Kenneth Chiming Au And Jessie Fungyee Au Fami -- --
Au Family Blessings Llc -- None Available
Au Kenneth Chiming $2,388,000 North American Title Co Inc
Singh Satendra P -- --
Singh Satendra P -- --
Singh Satendra P -- Chicago Title Insurance Co
Singh Satendra P $469,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Au Kenneth Chiming $1,388,000
Previous Owner Singh Indra K $150,000
Previous Owner Singh Indra K $628,000
Previous Owner Singh Satendra P $123,000
Previous Owner Singh Satendra P $616,000
Previous Owner Singh Satendra P $600,000
Previous Owner Singh Satendra P $40,000
Previous Owner Singh Satendra P $456,000
Previous Owner Singh Satendra P $25,000
Previous Owner Singh Satendra P $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $2,388,000 0.0% $455 / Sq Ft
01/24/2021 01/24/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $2,388,000 -- $455 / 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 $28,101 $2,584,845 $1,558,701 $1,026,144
2023 $28,101 $2,484,475 $1,498,176 $986,299
2022 $26,370 $2,435,760 $1,468,800 $966,960
2021 $7,890 $719,780 $215,927 $503,853
2020 $7,784 $712,400 $213,713 $498,687
2019 $7,754 $698,432 $209,523 $488,909
2018 $7,552 $684,738 $205,415 $479,323
2017 $7,469 $671,313 $201,388 $469,925
2016 $7,337 $658,151 $197,440 $460,711
2015 $7,063 $648,266 $194,475 $453,791
2014 $6,927 $635,568 $190,666 $444,902
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81825597

MLSListings

APN: 059-125-120