NOT LISTED FOR SALE

Estimated Value: $2,322,000 - $3,170,946

5 Beds
4 Baths
3,597 Sq Ft
$746/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $2,200,000 $612 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $16,476/month

1 Day on Market

Highlights

  • 4 Car Attached Garage
  • Carpet
  • 1-Story Property
  • Brewer Island Elementary School Rated A

About This Home

As of October 2018

Rare investment opportunity. DUPLEX! #645 is a 2 bed/2 bath units with approximately 1140 square feet. Unit #647 is a 3 bedroom/2 bath unit with approximately $1400 square feet. Ample two-car garages with washer/dryers. Excellent Foster City schools complete the opportunity. Professionally managed, this property currently generates rents of $7200 per month. Do not disturb tenants. Buyers are encouraged to verify square footage.

Last Agent to Sell the Property

Dino Virella

Compass License #01911161 Listed on: 09/04/2018

Compass

Last Buyer's Agent

Zarine Batliwalla

Corcoran Icon Properties License #01096437

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,229

Year Built

  • 1963

Lot Details

  • 8,159 Sq Ft Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,597 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Laminate

Utilities

  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $86,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,000
  • Maintenance Expense $2,000
  • Manager Expense $4,200
  • Operating Expense $12,200
  • Gross Income $82,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,229

Year Built

1963

Lot Details

0

Parking

4

Listing Details

  • Zoning: R10008
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3597
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 3597
  • Stories: 1
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1873
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8160.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8160.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 21.98
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas, Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expense Management: 4200
  • Expenses Total: 12200
  • Income Annual Gross: 82080.00
  • Income Annual Rental: 86400
  • Income Gross Scheduled: 86400
  • Income Includes: Lease
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Professional Services
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2021
Sold by
Doctor Sasha and Doctor Lauren Jenna
Bought by
Sasha And Lauren Doctor Trust and Doctor
Current Estimated Value
$2,684,987

Purchase Details

Closed on
Aug 28, 2020
Sold by
Doctor Katy F and Doctor Firoze
Bought by
Firoze And Katy Doctor Trust and Doctor

Purchase Details

Closed on
Aug 18, 2020
Sold by
Doctor Firoze and Doctor Katy Firoze
Bought by
Doctor Sasha and Doctor Lauren Jenna

Purchase Details

Listed on
Sep 4, 2018
Closed on
Sep 25, 2018
Sold by
Biagini Marc and Biagini Lydia
Bought by
Doctor Firoze and Doctor Katy F
Seller's Agent
Dino Virella
Compass
Buyer's Agent
Zarine Batliwalla
Corcoran Icon Properties
List Price
$1,899,000
Sold Price
$2,200,000
Premium/Discount to List
$301,000
15.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.86%
Original Mortgage
$1,320,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 1, 2016
Sold by
Lunardi George
Bought by
Lunardi George and Biagini Lydia

Purchase Details

Closed on
Dec 27, 2002
Sold by
Lunardi George
Bought by
Lunardi George

Purchase Details

Closed on
Jan 16, 1996
Sold by
Lunardi George
Bought by
Lunardi George

Purchase Details

Closed on
Oct 7, 1994
Sold by
Lunardi George
Bought by
Lunardi George
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
Sasha And Lauren Doctor Trust -- Ferguson Donald
Firoze And Katy Doctor Trust -- None Listed On Document
Doctor Sasha -- None Available
Doctor Firoze $2,200,000 Fidelity National Title Co
Lunardi George -- None Available
Lunardi George -- --
Lunardi George -- --
Lunardi George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Doctor Firoze $1,320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2018 10/05/18 Sold $2,200,000 +15.9% $612 / Sq Ft
09/06/2018 09/06/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $1,899,000 0.0% $528 / Sq Ft
02/25/2014 02/25/14 Rented $2,800 0.0% --
02/25/2014 02/25/14 Under Contract -- -- --
02/09/2014 02/09/14 For Rent $2,800 -- --
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 $28,229 $2,454,137 $1,628,656 $825,481
2023 $28,229 $2,358,842 $1,565,414 $793,428
2022 $27,301 $2,312,591 $1,534,720 $777,871
2021 $26,960 $2,267,247 $1,504,628 $762,619
2020 $26,218 $2,244,000 $1,489,200 $754,800
2019 $24,831 $2,200,000 $1,460,000 $740,000
2018 $5,091 $446,094 $133,820 $312,274
2017 $5,033 $437,348 $131,197 $306,151
2016 $5,131 $428,774 $128,625 $300,149
2015 $5,011 $422,334 $126,693 $295,641
2014 $4,884 $414,062 $124,212 $289,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81721536

MLSListings

APN: 094-041-240