NOT LISTED FOR SALE

57 28th Ave San Mateo, CA 94403

Beresford Park Neighborhood

Estimated Value: $1,848,000 - $2,036,000

5 Beds
3 Baths
2,485 Sq Ft
$797/Sq Ft Est. Value

Last Sold November 06, 2023

Last sale price $1,850,000 $744 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $12,571/month

106 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Washer and Dryer
  • Hillsdale High School Rated A+
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of November 2023

Great Income Property or Live in one and have the tenants pay the mortgage! Best Location Westside San Mateo Triplex in Turnkey Condition. Upgrades include Double Pane Windows, Refinished Hardwood Floors and Remodeled Kitchens and Bathrooms. Great Floorplan with two 2/1 Houses with attached indvidual Garages and Laundry. Third unit is above the garage. No common walls besides garages. Back unit has nice private fenced in yard. Walk to Train, ECR, 25th Ave and Hillsdale Mall. Gross Rent $99,888. Inspections / Reports / Disclosures upon request. - Showing Tuesday October 3 3-4PM Call Chad for appointment.

Last Agent to Sell the Property

Charles Krakow

Krakow Company License #01031528 Listed on: 06/23/2023

Last Buyer's Agent

Susan Chong

Compass License #01210685

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,205

Year Built

  • 1948

Lot Details

  • 6,451 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,485 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer

Flooring

  • Wood
  • Vinyl

Utilities

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

Listing and Financial Details

  • Total Actual Rent $99,888

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $600
  • Insurance Expense $2,212
  • Maintenance Expense $1,000
  • Manager Expense $6,000
  • Other Expense $87
  • Utility Expense $1,674
  • Trash Expense $802
  • Operating Expense $26,994
  • Gross Income $96,891

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,205

Year Built

1948

Lot Details

0

Parking

2

Listing Details

  • Zoning: R40000
  • Subclass: Triplex
  • Age: 75
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2485
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Living Sq Ft: 2485
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1481
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6450.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6450.00

Rental Info

  • Existing Lease Term(s): Lease(s)
  • Gross Rent Multiplier: 18.91
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2212
  • Expense Landscape: 600
  • Expense Maintenance: 1000
  • Expense Management: 6000
  • Expenses Other: 87
  • Expenses Total: 26994
  • Expenses Utility: 1674
  • Expense Trash: 802
  • Income Annual Gross: 96891.00
  • Income Annual Rental: 99888
  • Income Gross Scheduled: 99888
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Services - Gardener, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2023
Closed on
Nov 6, 2023
Sold by
Tam Vanessa
Bought by
Vanessa S Tam Living Trust and Tam
Seller's Agent
Charles Krakow
Krakow Company
Buyer's Agent
Susan Chong
Compass
List Price
$1,995,000
Sold Price
$1,850,000
Premium/Discount to List
-$145,000
-7.27%
Views
151
Current Estimated Value
$1,980,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,946
Avg. Annual Appreciation
3.34%
Original Mortgage
$650,000
Outstanding Balance
$637,971
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$1,332,010

Purchase Details

Listed on
Jun 23, 2023
Closed on
Oct 25, 2023
Sold by
Elpers Mark and Elpers Jeannette Noel
Bought by
Tam Vanessa
Seller's Agent
Charles Krakow
Krakow Company
Buyer's Agent
Susan Chong
Compass
List Price
$1,995,000
Sold Price
$1,850,000
Premium/Discount to List
-$145,000
-7.27%
Views
151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$637,971
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$1,332,010

Purchase Details

Closed on
Nov 9, 2020
Sold by
Elpers Mark
Bought by
Elpers Mark and Sutton Jeannette Noel

Purchase Details

Closed on
Apr 18, 2013
Sold by
Elpers Mark and Schmelzel Lisa
Bought by
Elpers Mark

Purchase Details

Closed on
Sep 22, 2011
Sold by
Ores Randall W
Bought by
Elpers Mark and Schmelzel Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2010
Sold by
Ores Randall W and Ores Benjamin G
Bought by
Ores Randall W
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
Vanessa S Tam Living Trust -- None Listed On Document
Tam Vanessa $1,850,000 Lawyers Title Company
Elpers Mark -- None Available
Elpers Mark -- None Available
Elpers Mark $800,000 Fidelity National Title Co
Ores Randall W -- None Available
Ores Randall W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tam Vanessa $650,000
Previous Owner Elpers Mark $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2023 11/06/23 Sold $1,850,000 -2.1% $744 / Sq Ft
10/08/2023 10/08/23 Pending -- -- --
08/29/2023 08/29/23 Price Changed $1,889,000 -5.3% $760 / Sq Ft
06/23/2023 06/23/23 For Sale $1,995,000 -- $803 / 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 $25,205 $1,887,000 $1,173,000 $714,000
2023 $25,205 $965,818 $482,909 $482,909
2022 $14,619 $946,882 $473,441 $473,441
2021 $15,086 $928,316 $464,158 $464,158
2020 $13,676 $918,798 $459,399 $459,399
2019 $12,579 $900,784 $450,392 $450,392
2018 $12,135 $883,122 $441,561 $441,561
2017 $10,851 $865,806 $432,903 $432,903
2016 $10,520 $848,830 $424,415 $424,415
2015 $10,953 $836,080 $418,040 $418,040
2014 $10,773 $819,704 $409,852 $409,852
Source: Public Records

Agents Affiliated with this Home

  • Charles Krakow

    Seller's Agent in 2023

    Charles Krakow

    Krakow Company

    (650) 344-4876

    1 in this area

    24 Total Sales

    Charles Krakow
    Section Image
  • Susan Chong

    Buyer's Agent in 2023

    Susan Chong

    Compass

    (650) 773-7296

    1 in this area

    47 Total Sales

    Susan Chong
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81932933

MLSListings

APN: 039-384-150

California San Mateo County San Mateo 94403 Beresford Park

57 28th Ave, San Mateo, CA

This home is located at 57 28th Ave, San Mateo, CA 94403 since 23 June 2023 and is currently estimated at $1,980,946, approximately $797 per square foot. This property was built in 1948. 57 28th Ave is a home located in San Mateo County with nearby schools including Beresford Elementary School, Abbott Middle School, and Hillsdale High School.

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