NOT LISTED FOR SALE

616 1st Ave San Mateo, CA 94401

North Central Neighborhood

Estimated Value: $1,228,000 - $2,150,919

4 Beds
4 Baths
2,450 Sq Ft
$736/Sq Ft Est. Value

Last Sold November 19, 2012

Last sale price $880,000 $359 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $12,832/month

82 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Forced Air Heating System
  • San Mateo High School Rated A+

About This Home

As of November 2012

Excellent Investment Opportunity! The original 2 bedroom, 1 bathroom home (616 1st St) has been well-maintained over the years and has the charm of a bungalow built in the 1920's. The second 2 bedroom, 1.5 bathroom home (616 1st St) was constructed in 2000 and has all of the ammenities that you would expect in a new home.

Last Agent to Sell the Property

The Elfving Group

Compass License #70013596 Listed on: 07/20/2012

Last Buyer's Agent

Hector H. Rosas

New Light Realty License #01846925

Property Details

Home Type

  • Multi-Family

Year Built

  • 1928

Lot Details

  • Sprinkler System

Parking

  • Carport

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,450 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Alarm System
  • Laundry in Garage

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $52,000
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 2 Units
  • 2,450 Sq Ft Building

Building Details

  • Gardener Expense $840
  • Maintenance Expense $2,000
  • Operating Expense $9,619
  • Gross Income $52,000

Property Details

Home Type

Multi-Family

Year Built

1928

Lot Details

0

Listing Details

  • Zoning: RM00
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Geological/Flood, Flood Zone
  • Sale Price Per Sq Ft: 359.18
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2450
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1928

Interior Features

  • Living Sq Ft: 2450
  • Stories: 2
  • Security: Security Alarm
  • Laundry: In Garage
  • Flooring: Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Sprinklers - Lawn

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Carport, Spaces Per Unit - 1

Utilities

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

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6450.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6450.00
  • Lot Size Area Min Search: 6450.00
  • Maximum Lot Size: 6450.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, 1 Year Lease
  • Gross Rent Multiplier: 17.29

Multi Family

  • Expense Landscape: 840
  • Expense Maintenance: 2000
  • Expenses Total: 9619
  • Income Annual Gross: 52000.00
  • Income Annual Rental: 52000
  • Income Gross Scheduled: 52000
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Gardener, Fee - Property Tax
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2016
Sold by
Wong Karen Qiling and Huang Kelvin
Bought by
Huang Kelvin Jia Hui and Wong Karen Qiling
Current Estimated Value
$2,233,253

Purchase Details

Listed on
Jul 20, 2012
Closed on
Oct 22, 2012
Sold by
Cvitanovic David Angelo and Cvitanovic Nicole Marie
Bought by
Wong Karen Qiling and Huang Kelvin
Seller's Agent
The Elfving Group
Compass
Buyer's Agent
Hector H. Rosas
New Light Realty
List Price
$950,000
Sold Price
$880,000
Premium/Discount to List
-$70,000
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.59%
Original Mortgage
$528,000
Outstanding Balance
$362,509
Interest Rate
3.33%
Mortgage Type
Commercial
Estimated Equity
$1,440,131

Purchase Details

Closed on
Aug 12, 2003
Sold by
Cvitanovic David A and Cvitanovic Nicole M
Bought by
Cvitanovic David Angelo and Cvitonovic Nicole Marie

Purchase Details

Closed on
Sep 11, 2000
Sold by
Cvitanovic David A and Cvitanovic David
Bought by
Cvitanovic David A and Cvitanovic Nicole M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
8.4%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 1996
Sold by
Lee Un Ju
Bought by
Cvitanovic David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,900
Interest Rate
7.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 1995
Sold by
Kreiss Forest P
Bought by
Lee Un Ju

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,800
Interest Rate
7.67%
Mortgage Type
Commercial
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
Huang Kelvin Jia Hui -- None Available
Wong Karen Qiling $880,000 Fidelity National Title Co
Cvitanovic David Angelo -- --
Cvitanovic David A -- Chicago Title Insurance Co
Cvitanovic David A $231,500 Fidelity National Title Co
Lee Un Ju $176,000 Fidelity National Title Ins
Kreiss Forest P -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Karen Qiling $528,000
Previous Owner Cvitanovic David A $495,000
Previous Owner Cvitanovic David A $219,900
Previous Owner Lee Un Ju $140,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2012 11/19/12 Sold $880,000 -7.4% $359 / Sq Ft
10/10/2012 10/10/12 Pending -- -- --
07/20/2012 07/20/12 For Sale $950,000 -- $388 / 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 $15,224 $1,083,648 $541,824 $541,824
2023 $15,224 $1,041,570 $520,785 $520,785
2022 $15,337 $1,021,148 $510,574 $510,574
2021 $14,381 $1,001,126 $500,563 $500,563
2020 $13,358 $990,862 $495,431 $495,431
2019 $13,258 $971,434 $485,717 $485,717
2018 $12,257 $952,388 $476,194 $476,194
2017 $11,485 $933,714 $466,857 $466,857
2016 $11,218 $915,406 $457,703 $457,703
2015 $11,359 $901,656 $450,828 $450,828
2014 $10,926 $883,994 $441,997 $441,997
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    The Elfving Group

    Compass

  • H

    Buyer's Agent in 2012

    Hector H. Rosas

    New Light Realty

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Map

Source: MLSListings

MLS Number: ML81227234

MLSListings

APN: 034-163-030

California San Mateo County San Mateo 94401 North Central

616 1st Ave, San Mateo, CA

Not Listed for Sale

MultiFamily

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