NOT LISTED FOR SALE

575 Prospect St San Carlos, CA 94070

Cordes Neighborhood

Estimated Value: $1,631,313

1 Bed
2 Baths
1,684 Sq Ft
$969/Sq Ft Est. Value

Last Sold October 19, 2022

Last sale price $1,500,000 $891 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $10,439/month

34 Days on Market

About This Home

As of October 2022

Original mixed-use commercial building with office space on the ground floor (approx. 1000 sq. ft) that will be renovated into a vanilla shell and a studio apartment (approx. 684 sq. ft) on the second floor. Great location in walking distance to Down Town San Carlos, Cal train, restaurants, parks, library, and highly rated schools. Perfect opportunity for buyers looking for a fixer-upper or a redevelopment.

Last Agent to Sell the Property

John Paye

Sean Freeberg License #01174204 Listed on: 08/03/2022

Co-Listed By

Beverly Robinson

Sean Freeberg License #01996342

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,818

Year Built

  • 1965

Lot Details

  • 5,702 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 1,684 Sq Ft Home
  • 2-Story Property

Community Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,818

Year Built

1965

Lot Details

0

Listing Details

  • Zoning: R40000
  • Subclass: Multiple Dwellings / Structures
  • Age: 57
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1684
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Living Sq Ft: 1684
  • Stories: 2

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar And Gravel

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Parking Area

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1309
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5704.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5704.00

Rental Info

  • Existing Lease Term(s): Building Vacant

Multi Family

  • Utilities: Public Utilities
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Oct 14, 2022
Sold by
Isca Assets 32 Llc
Bought by
575 Prospect Llc
Seller's Agent
John Paye
Sean Freeberg
List Price
$1,990,000
Sold Price
$1,500,000
Premium/Discount to List
-$490,000
-24.62%
Current Estimated Value
$1,631,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,313
Avg. Annual Appreciation
2.99%
Original Mortgage
$850,000
Outstanding Balance
$819,126
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$812,187

Purchase Details

Closed on
Dec 29, 2014
Sold by
Parisis Christos
Bought by
Isca Assets 32 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Interest Rate
3.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 2014
Sold by
Giotinis Michael C and Giotinis Athia M
Bought by
Parisis Christos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Interest Rate
3.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 2014
Sold by
Scattini Jerrold Peter and Scattini Janice
Bought by
Giotinis Michael C and Giotinis Athia M

Purchase Details

Closed on
Jul 8, 2008
Sold by
Vavken Werner G and Leddy Linda Ann
Bought by
Scattini Jerrold Peter and Scattini Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$854,000
Interest Rate
6.41%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
575 Prospect Llc $1,500,000 Old Republic Title
Isca Assets 32 Llc $1,769,000 North American Title Company
Parisis Christos $1,252,000 North American Title Co Inc
Giotinis Michael C $1,925,000 Old Republic Title Company
Scattini Jerrold Peter $1,220,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 575 Prospect Llc $850,000
Previous Owner Isca Assets 32 Llc $1,230,000
Previous Owner Isca Assets 32 Llc $1,540,000
Previous Owner Isca Assets 32 Llc $1,840,000
Previous Owner Isca Assets 32 Llc $1,840,000
Previous Owner Isca Assets 32 Llc $300,000
Previous Owner Isca Assets 32 Llc $1,312,500
Previous Owner Parisis Christos $1,252,000
Previous Owner Scattini Jerrold Peter $315,000
Previous Owner Scattini Jerrold Peter $854,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2022 10/19/22 Sold $1,500,000 -16.2% $891 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
08/22/2022 08/22/22 Price Changed $1,790,000 -10.1% $1,063 / Sq Ft
08/03/2022 08/03/22 For Sale $1,990,000 -- $1,182 / 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 $18,818 $1,560,600 $1,477,368 $83,232
2023 $18,818 $1,500,000 $1,420,000 $80,000
2022 $23,540 $2,003,100 $1,925,299 $77,801
2021 $23,249 $1,963,825 $1,887,549 $76,276
2020 $23,037 $1,943,689 $1,868,195 $75,494
2019 $27,602 $1,905,578 $1,831,564 $74,014
2018 $22,573 $1,868,214 $1,795,651 $72,563
2017 $22,080 $1,831,584 $1,760,443 $71,141
2016 $21,545 $1,795,672 $1,725,925 $69,747
2015 $22,267 $1,758,700 $1,700,000 $58,700
2014 $8,620 $493,729 $283,632 $210,097
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    John Paye

    Sean Freeberg

    Section Image
  • Beverly Robinson

    Seller Co-Listing Agent in 2022

    Beverly Robinson

    Sean Freeberg

    (559) 473-5158

    2 in this area

    28 Total Sales

    Beverly Robinson
    Section Image
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Map

Source: MLSListings

MLS Number: ML81879643

MLSListings

APN: 050-034-120

California San Mateo County San Carlos 94070 Cordes

575 Prospect St, San Carlos, CA

This home is located at 575 Prospect St, San Carlos, CA 94070 since 03 August 2022 and is currently estimated at $1,631,313, approximately $968 per square foot. This property was built in 1965. 575 Prospect St is a home located in San Mateo County with nearby schools including Arundel Elementary School, Tierra Linda Middle School, and Carlmont High School.

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