NOT LISTED FOR SALE

59 Hermosa Ave Millbrae, CA 94030

Downtown Millbrae Neighborhood

Estimated Value: $2,535,000 - $3,168,000

6 Beds
6 Baths
3,825 Sq Ft
$724/Sq Ft Est. Value

Last Sold November 13, 2014

Last sale price $1,510,000 $395 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $16,624/month

8 Days on Market

Highlights

  • Forced Air Heating System
  • Taylor Middle School Rated A-
  • Carpet

About This Home

As of November 2014

Great triplex. A Must see. Open Sunday 11/2/2014 1 - 4 pm

Last Agent to Sell the Property

Dan E. Rogers

Ed Rogers Realtors, Inc. License #00514247 Listed on: 10/29/2014

Last Buyer's Agent

George Lai

Far East Realty License #00986068

Property Details

Home Type

  • Multi-Family

Year Built

  • 1987

Lot Details

  • 7,405

Parking

  • Private Parking

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 3,825 Sq Ft Home
  • 2-Story Property
  • Carpet

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $37,800
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 3,825 Sq Ft Building

Building Details

  • Gardener Expense $1,700
  • Maintenance Expense $1,500
  • Manager Expense $2,860
  • Operating Expense $10,590
  • Gross Income $37,422

Property Details

Home Type

Multi-Family

Year Built

1987

Lot Details

0

Listing Details

  • Zoning: R200
  • Subclass: Triplex
  • Inspections Reports: Geological/Flood, Pest Control, Sewer/Septic
  • Sale Price Per Sq Ft: 394.77
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 3825
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1987

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3825
  • Stories: 2
  • Laundry: Laundry Area - In Unit
  • Flooring: Carpet

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • High School: 659

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7400.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7400.00
  • Lot Size Area Min Search: 7400.00
  • Maximum Lot Size: 7400.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 39.68

Multi Family

  • Expense Landscape: 1700
  • Expense Maintenance: 1500
  • Expense Management: 2860
  • Expenses Total: 10590
  • Income Annual Gross: 37422.00
  • Income Annual Rental: 37800
  • Income Gross Scheduled: 37800
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Fee - Property Management, Fee - Property Tax
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Electric, Services - Trash Removal
  • Vacancy Amount: 378
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2014
Closed on
Nov 10, 2014
Sold by
Condrin Electric Inc
Bought by
The Chow Family Trust and Chow Pei Qiong Yu
Seller's Agent
Dan E. Rogers
Ed Rogers Realtors, Inc.
Buyer's Agent
George Lai
Far East Realty
List Price
$1,500,000
Sold Price
$1,510,000
Premium/Discount to List
$10,000
0.67%
Current Estimated Value
$2,769,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,259,679
Avg. Annual Appreciation
5.59%

Purchase Details

Closed on
May 14, 2012
Sold by
Condrin John P and Condrin Arleen M
Bought by
Condrin Electric Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2012
Sold by
Condrin Electric Inc
Bought by
Condrin John P and Condrin Arleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2006
Sold by
Condrin John P and Condrin Arleen M
Bought by
Condrin Electric Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
6.04%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 1, 2002
Sold by
Condrin John P and Condrin Arleen M
Bought by
Condrin Electric Inc

Purchase Details

Closed on
Oct 2, 2002
Sold by
Condrin Electric Inc
Bought by
Condrin John P and Condrin Arleen M

Purchase Details

Closed on
Feb 15, 1999
Sold by
Condrin John P and Condrin Arleen M
Bought by
Condrin Electric Inc

Purchase Details

Closed on
Sep 9, 1998
Sold by
Condrin Electric Inc
Bought by
Condrin John P and Condrin Arleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,300
Interest Rate
6.71%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Chow Family Trust $1,510,000 Old Republic Title Company
Condrin Electric Inc -- None Available
Condrin John P -- Fidelity National Title Co
Condrin Electric Inc -- None Available
Condrin John P -- Fidelity National Title Co
Condrin Electric Inc -- --
Condrin John P -- Fidelity National Title Co
Condrin Electric Inc -- --
Condrin John P -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Condrin John P $303,000
Previous Owner Condrin John P $330,000
Previous Owner Condrin John P $351,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2014 11/13/14 Sold $1,510,000 +0.7% $395 / Sq Ft
11/06/2014 11/06/14 Pending -- -- --
10/29/2014 10/29/14 For Sale $1,500,000 -- $392 / 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 $25,876 $1,814,784 $907,392 $907,392
2023 $25,876 $1,744,314 $872,157 $872,157
2022 $19,564 $1,710,112 $855,056 $855,056
2021 $19,312 $1,676,582 $838,291 $838,291
2020 $18,999 $1,659,392 $829,696 $829,696
2019 $18,550 $1,626,856 $813,428 $813,428
2018 $18,187 $1,594,958 $797,479 $797,479
2017 $17,825 $1,563,686 $781,843 $781,843
2016 $17,603 $1,533,026 $766,513 $766,513
2015 $17,484 $1,510,000 $755,000 $755,000
2014 $5,363 $439,557 $81,214 $358,343
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Dan E. Rogers

    Ed Rogers Realtors, Inc.

  • G

    Buyer's Agent in 2014

    George Lai

    Far East Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81438962

MLSListings

APN: 021-313-050

California San Mateo County Millbrae 94030 Downtown Millbrae

59 Hermosa Ave, Millbrae, CA

Not Listed for Sale

MultiFamily

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