NOT LISTED FOR SALE

Estimated Value: $1,117,000 - $1,406,000

4 Beds
3 Baths
2,500 Sq Ft
$512/Sq Ft Est. Value

Last Sold July 12, 2017

Last sale price $895,000 $358 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,115/month

18 Days on Market

Highlights

  • Contemporary Architecture
  • Forced Air Heating System
  • Level Lot
  • Westmoor High School Rated A-
  • Washer and Dryer
  • Carpet

About This Home

As of July 2017

Legal Duplex unit with separate meters. Ideal for family with rental income. Upstairs unit consists of 3 bedrooms and 2 full baths, living-dining room combo. Downstairs unit is 1 bedroom and 1 full bathroom with living - dining combo. Total rent is currently $44,000 per year which maybe below market value. Tenants are long time residents on month to month lease for both units. Private gated entrance for resident parking. Showings will be through multiple open houses.

Last Agent to Sell the Property

Donald Kung

RE/MAX Gold Redwood Shores. License #00995981 Listed on: 05/12/2017

RE/MAX Gold Redwood Shores.

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,670

Year Built

  • 1976

Lot Details

  • 2,483 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Range Hood

Flooring

  • Carpet
  • Vinyl

Utilities

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

Listing and Financial Details

  • Total Actual Rent $44,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,500
  • Other Expense $50
  • Operating Expense $10,350
  • Gross Income $44,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,670

Year Built

1976

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10000
  • Subclass: Duplex
  • Style: Contemporary
  • Age: 41
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2500
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Interior Features

  • Kitchen: 220 Volt Outlet, Hood Over Range, Oven - Electric
  • Living Sq Ft: 2500
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener, Off-Street Parking

Utilities

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

Condo/Co-op/Association

  • Complex Name: Victorian Commons
  • HOA Fees: 50
  • HOA Exist: Yes

Schools

  • School District: Jefferson Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.0570
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.82
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1500
  • Expenses Other: 50
  • Expenses Total: 10350
  • Income Annual Gross: 44400.00
  • Income Annual Rental: 44400
  • Income Gross Scheduled: 44400
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2017
Closed on
Jul 6, 2017
Sold by
Melnick Philip
Bought by
Oum Howard and Ly Lana Uyen
Seller's Agent
Donald Kung
RE/MAX Gold Redwood Shores.
Buyer's Agent
RECIP
Out of Area Office
List Price
$880,000
Sold Price
$895,000
Premium/Discount to List
$15,000
1.7%
Current Estimated Value
$1,280,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,394
Avg. Annual Appreciation
4.67%
Original Mortgage
$626,500
Outstanding Balance
$523,873
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$772,109

Purchase Details

Closed on
Feb 7, 1998
Sold by
Victorian Homes
Bought by
Melnick Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,500
Interest Rate
7.07%
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
Oum Howard $895,000 Wfg National Title Ins Co
Melnick Philip $355,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oum Howard $626,500
Previous Owner Melnick Philip $248,500
Closed Melnick Philip $17,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2017 07/12/17 Sold $895,000 +1.7% $358 / Sq Ft
05/31/2017 05/31/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $880,000 -- $352 / 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 $13,670 $1,018,351 $483,574 $534,777
2023 $13,670 $978,810 $464,798 $514,012
2022 $14,351 $959,619 $455,685 $503,934
2021 $13,872 $940,803 $446,750 $494,053
2020 $12,953 $931,158 $442,170 $488,988
2019 $12,288 $912,900 $433,500 $479,400
2018 $12,348 $895,000 $425,000 $470,000
2017 $7,482 $488,402 $244,201 $244,201
2016 $6,895 $478,826 $239,413 $239,413
2015 $7,059 $471,634 $235,817 $235,817
2014 $6,560 $462,396 $231,198 $231,198
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81651339

MLSListings

APN: 006-452-260