NOT LISTED FOR SALE

Estimated Value: $2,181,000 - $2,525,476

4 Beds
2 Baths
2,418 Sq Ft
$964/Sq Ft Est. Value

Last Sold July 11, 2012

Last sale price $879,000 $364 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $13,598/month

9 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Forced Air Heating System
  • Arundel Elementary School Rated A

About This Home

As of July 2012

Beautifully remodeled duplex! Each unit provides the following remodeled kitchens with wood cabinets, granite counters, refrigerators, stoves and dishwashers. Double pane windows, central forced air and washer dryers. Private 1 car garages with parking in front of each garage. 1 unit has a gas fireplace, parquet floors, the other unit has hardwood floor through out.

Last Agent to Sell the Property

Cynthia Smith

Compass License #01349837 Listed on: 05/17/2012

Compass

Last Buyer's Agent

Dennis Pantano

Pantano Properties License #00545078

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,862

Year Built

  • 1951

Lot Details

  • 6,098

Home Design

  • 2,418 Sq Ft Home
  • Duplex
  • Ceiling Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Parking

  • Garage
  • Private Parking
  • Garage Door Opener

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Deck

Listing and Financial Details

  • Total Actual Rent $46,440
  • The owner pays for services - gardener/landscaping, water

Community Details

Overview

  • 2,418 Sq Ft Building

Building Details

  • Gardener Expense $2,100
  • Insurance Expense $1,430
  • Maintenance Expense $3,077
  • Other Expense $150
  • Operating Expense $12,446
  • Gross Income $46,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,862

Year Built

1951

Lot Details

0

Listing Details

  • Zoning: R300
  • Subclass: Duplex
  • Age: 61
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 363.52
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2418
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 2418
  • Laundry: Washer/Dryer - All Units, Washer/Dryer - Owned
  • Flooring: Tile, Hardwood

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Gate / Door Opener, Private / Exclusive, Spaces Per Unit - 1

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • School District: Sequoia Union High
  • Elementary School: Arundel Elementary
  • Middle School: Tierra Linda Middle
  • High School: Carlmont High
  • High School: 617
  • Elementary School: 603
  • Middle School: 1044

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6426.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6426.00
  • Lot Size Area Min Search: 6426.00
  • Maximum Lot Size: 6426.00

Green Features

  • Energy Features: Ceiling Insulation, Walls Insulated

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.85
  • Min Rent2 Bed1 Bath: 1885

Multi Family

  • Expense Insurance: 1430
  • Expense Landscape: 2100
  • Expense Maintenance: 3077
  • Expenses Other: 150
  • Expenses Total: 12446
  • Expense Water Sewer: 430
  • Income Annual Gross: 46440.00
  • Income Annual Rental: 46440
  • Income Gross Scheduled: 46440
  • Income Includes: Lease
  • Maximum Rent2 Bed1 Bath: 1980
  • Maximum Size2 Bed1 Bath: 1209
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric, Services - Trash Removal
  • Min Size2 Bed1 Bath: 1209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2018
Sold by
Serrato Albert A and Serrato Claire
Bought by
Serrato Albert A and Serrato Claire M
Current Estimated Value
$2,331,119

Purchase Details

Listed on
May 17, 2012
Closed on
Jun 25, 2012
Sold by
Fantham Dean Francis and Fantham Yvette Gorostiague
Bought by
Serrato Albert A and Serrato Claire
Seller's Agent
Cynthia Smith
Compass
Buyer's Agent
Dennis Pantano
Pantano Properties
List Price
$829,000
Sold Price
$879,000
Premium/Discount to List
$50,000
6.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.63%
Original Mortgage
$533,000
Outstanding Balance
$227,653
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$2,103,467

Purchase Details

Closed on
Oct 11, 2011
Sold by
Fantham Dean Francis and Fantham Yvette Gorostiague
Bought by
Fantham Dean Francis and Fantham Yvette Gorostiague

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2011
Sold by
Fantham Dean and Fantham Yvette
Bought by
Fantham Dean Francis and Fantham Yvette Gorostiague

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2009
Sold by
Fantham Dean Francis and Fantham Yvette Gorostiague
Bought by
Fantham Dean Francis and Fantham Yvette Gorostiague

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2005
Sold by
Fantham Dean Francis and Fantham Yvette Gorostiague
Bought by
Fantham Dean Francis and Fantham Yvette Gorostiague

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2004
Sold by
Fantham Dean Francis and Fantham Yvette Gorostiague
Bought by
Fantham Dean Francis and Fantham Yvette Gorostiague

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2004
Sold by
Fantham Yvette Gorostiague and Fantham Dean F
Bought by
Fantham Dean Francis and Fantham Yvette Gorostiague

Purchase Details

Closed on
Oct 16, 2001
Sold by
Fantham Yvette Gorostiague and Gorotiague Yvette J
Bought by
Fantham Dean F and Fantham Yvette Gorostiague

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,900
Interest Rate
6.87%

Purchase Details

Closed on
Apr 26, 1996
Sold by
The Verl Ethel Moe Living Trust and Moe Frank Lee
Bought by
Gorostiague Yvette J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.82%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 22, 1996
Sold by
Yates Wayne A
Bought by
Gorostiague Yvette J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.82%
Mortgage Type
Balloon
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
Serrato Albert A -- None Available
Serrato Albert A $879,000 Fidelity National Title Co
Fantham Dean Francis -- First American Title Company
Fantham Dean Francis -- First American Title Company
Fantham Dean Francis -- Fidelity National Title Co
Fantham Dean Francis -- Accommodation
Fantham Dean Francis -- --
Fantham Dean Francis -- Fidelity National Title
Fantham Dean Francis -- --
Fantham Dean F -- Fidelity National Title Co
Gorostiague Yvette J $310,000 North American Title Co
Gorostiague Yvette J -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Serrato Albert A $533,000
Previous Owner Fantham Dean Francis $263,000
Previous Owner Fantham Dean Francis $300,000
Previous Owner Fantham Dean Francis $341,000
Previous Owner Fantham Dean F $351,900
Previous Owner Gorostiague Yvette J $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2012 07/11/12 Sold $879,000 +6.0% $364 / Sq Ft
05/26/2012 05/26/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $829,000 -- $343 / 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 $14,862 $1,082,412 $541,206 $541,206
2023 $14,862 $1,040,384 $520,192 $520,192
2022 $14,023 $1,019,986 $509,993 $509,993
2021 $13,795 $999,988 $499,994 $499,994
2020 $13,609 $989,736 $494,868 $494,868
2019 $13,339 $970,330 $485,165 $485,165
2018 $12,987 $951,304 $475,652 $475,652
2017 $12,787 $932,652 $466,326 $466,326
2016 $12,496 $914,366 $457,183 $457,183
2015 $12,457 $900,632 $450,316 $450,316
2014 $12,042 $882,990 $441,495 $441,495
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81218771

MLSListings

APN: 045-313-120