NOT LISTED FOR SALE

551 Craig Rd Hillsborough, CA 94010

Carolands Neighborhood

Estimated Value: $7,671,000 - $8,057,985

5 Beds
5.5 Baths
5,101 Sq Ft
$1,537/Sq Ft Est. Value

Last Sold March 08, 2016

Last sale price $5,800,000 $1,137 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $49,479/month

24 Days on Market

Highlights

  • Marble Flooring
  • Marble Countertops
  • Breakfast Room
  • West Hillsborough Rated A+
  • Den
  • Breakfast Bar

About This Home

As of March 2016

STUNNING TWO STORY TRADITIONAL FRENCH STYLE HOME LOCATED ON THE BEST STREET IN THE DESIRABLE CAROLANDS AREA. 5 BEDROOMS, 5.5 BATHS. BREATHTAKING SAN FRANCISCO VIEWS. HUGE LEVEL REAR YARD WITH A LUSH LAWN AREA, OUTDOOR KITCHEN, AND FIRE PIT. GOURMET KITCHEN WITH ADJOINING FAMILY ROOM, LARGE WALK IN PANTRY. OVERSIZED THREE CAR GARAGE. HOME IS APPROXIMATELY 5100 SQ.FT. PLUS AN ADDITIONAL 3000 SQ.FT. OF FINISHED STORAGE.

Last Agent to Sell the Property

Kurt Steil

Miller / Steil Properties License #00624142 Listed on: 01/16/2016

Last Buyer's Agent

Joanne Norris

Compass License #00851745

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $82,085

Year Built

  • Built in 2014

Lot Details

  • 0.53 Acre Lot
  • Zoning described as R1

Parking

  • 3 Car Garage
  • Electric Vehicle Home Charger
  • Electric Gate
  • Off-Street Parking

Home Design

  • Wood Frame Construction
  • Slate Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,101 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Formal Entry
  • Separate Family Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Library
  • Washer and Dryer
  • Finished Basement

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Self-Cleaning Oven
  • Range Hood
  • Dishwasher
  • Marble Countertops
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 030-023-080

Home Details

Home Type

Single Family

Est. Annual Taxes

$82,085

Year Built

Built in 2014

Lot Details

0

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Age: 2
  • Listing Class: Residential
  • Structure Sq Ft: 5101
  • Incorporated: Yes
  • Year Built: 2014
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Burning
  • Dining Room: Breakfast Bar, Breakfast Room, Formal Dining Room, Skylight
  • Kitchen: Countertop - Marble, Dishwasher, Garbage Disposal, Hood Over Range, Oven - Self Cleaning, Oven Range - Gas, Pantry, Refrigerator
  • Living Sq Ft: 5101
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Marble, Tile
  • Additional Rooms: Basement - Finished, Den / Study / Office, Formal Entry, Library, Office Area, Storage
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Slate
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage, Drive Through, Electric Car Hookup, Electric Gate, Off-Street Parking

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Parcel Number: 030-023-080
  • Lot Acres: 0.5340
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 23250.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 23250.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: San Mateo Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2016
Closed on
Mar 2, 2016
Sold by
Orr David Mattes and Orr Katy
Bought by
Sgere Family 2008 Trust and Dutton Segre Marcy
Seller's Agent
Kurt Steil
Miller / Steil Properties
Buyer's Agent
Joanne Norris
Compass
List Price
$5,995,000
Sold Price
$5,800,000
Premium/Discount to List
-$195,000
-3.25%
Current Estimated Value
$7,840,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,040,746
Avg. Annual Appreciation
3.23%
Original Mortgage
$4,350,000
Outstanding Balance
$3,315,975
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,524,771

Purchase Details

Listed on
Feb 8, 2015
Closed on
Feb 24, 2015
Sold by
Ommi Capital Partners Llc
Bought by
Orr Family Trust and Orr Katy
Seller's Agent
Phil Chen
KW Advisors
Buyer's Agent
Nancy Field
Coldwell Banker Realty
List Price
$5,575,000
Sold Price
$5,378,000
Premium/Discount to List
-$197,000
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.61%
Original Mortgage
$1,100,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 21, 2014
Closed on
Oct 24, 2014
Sold by
Li Walter C
Bought by
Omni Capital Partners Llc
Seller's Agent
Phil Chen
KW Advisors
Buyer's Agent
Phil Chen
KW Advisors
List Price
$5,298,000
Sold Price
$5,000,000
Premium/Discount to List
-$298,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.71%
Original Mortgage
$3,475,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2009
Sold by
Li Richard W
Bought by
Li Walter C

Purchase Details

Closed on
Jul 15, 2004
Sold by
Li Richard W
Bought by
Li Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2002
Sold by
Li Richard W
Bought by
Li Richard W

Purchase Details

Closed on
Nov 6, 2002
Sold by
Li Walter C and Li Richard W
Bought by
Li Richard W

Purchase Details

Closed on
Nov 15, 1995
Sold by
Smith Craig P and Smith Virginia P
Bought by
Li Walter C and Li Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
7.42%

Purchase Details

Closed on
Mar 23, 1995
Sold by
Smith Craig P and Smith Virginia P
Bought by
Smith Craig P and Smith Virginia P
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
Sgere Family 2008 Trust $5,800,000 Fidelity National Title Co
Orr Family Trust $5,378,000 Chicago Title Company
Omni Capital Partners Llc $5,000,000 Fidelity National Title Co
Li Walter C -- None Available
Li Richard W -- Stewart Title Of California
Li Richard W -- Stewart Title Of California
Li Richard W -- --
Li Richard W -- --
Li Walter C $695,000 First American Title Co
Smith Craig P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sgere Family 2008 Trust $4,350,000
Previous Owner Orr Family Trust $1,100,000
Previous Owner Omni Capital Partners Llc $3,475,000
Previous Owner Li Walter C $1,950,000
Previous Owner Li Walter C $2,550,000
Previous Owner Li Walter C $950,000
Previous Owner Li Richard W $990,000
Previous Owner Li Walter C $445,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2016 03/08/16 Sold $5,800,000 -3.3% $1,137 / Sq Ft
02/10/2016 02/10/16 Pending -- -- --
01/16/2016 01/16/16 For Sale $5,995,000 +11.5% $1,175 / Sq Ft
02/27/2015 02/27/15 Sold $5,378,000 -3.5% $1,054 / Sq Ft
02/10/2015 02/10/15 Pending -- -- --
02/08/2015 02/08/15 For Sale $5,575,000 +11.5% $1,093 / Sq Ft
10/31/2014 10/31/14 Sold $5,000,000 -5.6% $980 / Sq Ft
10/27/2014 10/27/14 Pending -- -- --
07/21/2014 07/21/14 For Sale $5,298,000 -- $1,039 / 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 $82,085 $6,957,043 $3,939,676 $3,017,367
2023 $82,085 $6,686,896 $3,786,695 $2,900,201
2022 $77,489 $6,555,782 $3,712,447 $2,843,335
2021 $75,965 $6,427,239 $3,639,654 $2,787,585
2020 $74,688 $6,361,337 $3,602,334 $2,759,003
2019 $73,041 $6,236,605 $3,531,700 $2,704,905
2018 $70,936 $6,114,319 $3,462,451 $2,651,868
2017 $69,740 $5,980,000 $3,394,560 $2,585,440
2016 $63,716 $5,460,014 $2,730,007 $2,730,007
2015 $58,750 $5,000,000 $2,500,000 $2,500,000
2014 $15,933 $1,120,925 $470,925 $650,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kurt Steil

    Miller / Steil Properties

  • J

    Buyer's Agent in 2016

    Joanne Norris

    Compass

  • P

    Seller's Agent in 2015

    Phil Chen

    KW Advisors

    Section Image

  • N

    Buyer's Agent in 2015

    Nancy Field

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81547259

MLSListings

APN: 030-023-080

California San Mateo County Hillsborough 94010 Carolands

551 Craig Rd, Hillsborough, CA

This home is located at 551 Craig Rd, Hillsborough, CA 94010 since 16 January 2016 and is currently estimated at $7,840,746, approximately $1,537 per square foot. This property was built in 2014. 551 Craig Rd is a home located in San Mateo County with nearby schools including West Hillsborough, Crocker Middle School, and Burlingame High School.

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