NOT LISTED FOR SALE

562 28th Ave San Francisco, CA 94121

Central Richmond Neighborhood

Estimated Value: $2,116,000 - $3,852,373

3 Beds
2 Baths
1,600 Sq Ft
$1,873/Sq Ft Est. Value

Sale Details

Date Sold: February 8, 2018

Last sale price $1,925,000 $1,203 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $18,304 / mo

154 Days on Market

About This Home

As of February 2018

Prime Central Richmond Development Opportunity. Calling all developers, contractors, builders and investors! Existing 2 story single family home on a -/+ 4,800 sq.ft lot. Plans have been submitted to build a four story GREEN building of 6 new modern condominiums totaling approx 7,300 sq.ft of living space and with a gross 12,900 sq.ft. The proposed plans combine a mix of two and three bedrooms units with in-unit washer/dryer, 6 parking spaces, bike parking, storage shed, and elevator. Located in the coveted Richmond District, investors can develop to rent or sell as a 6 condominiums. It's centrally located and walking distance to restaurants, public transits, Golden Gate Park, and many more.

Last Agent to Sell the Property

Rachel Wong

Prime Metropolis Prop., Inc. License #DRE #01392069 Listed on: 08/21/2017

Last Buyer's Agent

Anna Karpie

KW Bay Area Living License #01224612

KW Bay Area Living

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 4,795 Sq Ft Lot
  • Property is zoned RM-1

Interior Spaces

  • 2 Full Bathrooms
  • 1,600 Sq Ft Home
  • 2-Story Property

Listing and Financial Details

  • Assessor Parcel Number 1517022

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

4,795 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Stories: 2
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: 2
  • Full Bathrooms: 2
  • Price Per Square Foot: 1203.13
  • Square Footage: 1600.00

Garage/Parking

  • Parking Features: CARP

Utilities

  • Water Source: Public

Lot Info

  • Assessor Parcel Number: 1517022
  • Lot Features: Shape Regular
  • Lot Size Acres: 0.1101
  • Lot Size Sq Ft: 4795.00
  • Lot Size Units: SqFt
  • Price Per Acre: 17484105.36
  • Zoning: RM-1

MLS Schools

  • School District County: San Francisco

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2017
Closed on
Feb 2, 2018
Sold by
T And T Real Estate Development Llc
Bought by
Jakon Investment Group Lp
Seller's Agent
Rachel Wong
Prime Metropolis Prop., Inc.
Buyer's Agent
Anna Karpie
KW Bay Area Living
List Price
$1,925,000
Sold Price
$1,925,000
Current Estimated Value
$2,997,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,072,343
Avg. Annual Appreciation
5.57%
Original Mortgage
$975,000
Outstanding Balance
$820,705
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,176,638

Purchase Details

Closed on
Sep 11, 2017
Sold by
T & T Real Estate Development Llc
Bought by
T & T Real Estate Development Llc

Purchase Details

Closed on
Jun 17, 2015
Sold by
Choy Pamela J Fong
Bought by
T&T Real Estate Development Inc

Purchase Details

Closed on
Jul 19, 1991
Sold by
Fong Raymond A and Fong Jeanette
Bought by
Fong Raymond A and Fong Jeanette
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jakon Investment Group Lp $1,925,000 First American Title Co
T & T Real Estate Development Llc -- First American Title Company
T&T Real Estate Development Inc $1,629,000 Fidelity National Title Co
Fong Raymond A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jakon Investment Group Lp $975,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2018 02/08/18 Sold $1,925,000 0.0% $1,203 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
08/21/2017 08/21/17 For Sale $1,925,000 -- $1,203 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $25,944 $3,280,803 $2,080,803 $1,200,000
2024 $25,944 $2,147,369 $2,040,003 $107,366
2023 $25,560 $2,105,264 $2,000,003 $105,261
2022 $25,082 $2,063,986 $1,960,788 $103,198
2021 $24,641 $2,023,517 $1,922,342 $101,175
2020 $24,793 $2,002,769 $1,902,631 $100,138
2019 $23,892 $1,963,500 $1,865,325 $98,175
2018 $20,407 $1,694,602 $1,186,222 $508,380
2017 $19,868 $1,661,375 $1,162,963 $498,412
2016 $19,559 $1,628,800 $1,140,160 $488,640
2015 $1,117 $72,233 $40,727 $31,506
2014 $828 $70,819 $39,930 $30,889
Source: Public Records

Agents Affiliated with this Home

  • Rachel Wong

    Seller's Agent in 2018

    Rachel Wong

    Prime Metropolis Prop., Inc.

    (415) 968-4139

    31 Total Sales

    Rachel Wong
    Section Image

  • A

    Buyer's Agent in 2018

    Anna Karpie

    KW Bay Area Living

    Section Image
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Map

Source: San Francisco Association of REALTORS®

MLS Number: 461582

San Francisco Association of REALTORS®

APN: 1517-022

California San Francisco County San Francisco 94121 Central Richmond

562 28th Ave, San Francisco, CA

Not Listed for Sale

Detached

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