NOT LISTED FOR SALE

65 Spruce St Millbrae, CA 94030

Estimated Value: $2,661,000 - $4,098,000

9 Beds
7 Baths
5,613 Sq Ft
$607/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2015

Last sale price $2,300,000 $410 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $21,356 / mo

74 Days on Market

Highlights

  • 6 Car Attached Garage
  • Forced Air Heating System
  • Carpet
  • Taylor Middle School Rated A-

About This Home

As of June 2015

Rare opportunity 3 units income property in Millbrae. Each unit has individual electric, water and gas meters. Very good rental income. #65 extended in 1989 with 3bd/3ba/living room/dinning room. #67 & #69 built in 1989 both are 3bd/2ba/living room/dinning room. Each unit with 2 cars side by side parking. Walking distance to downtown and shopping.

Last Agent to Sell the Property

Robin Liu

Century 21 Realty Alliance License #01329730 Listed on: 02/20/2015

Last Buyer's Agent

Suzan J. Gogol

Coldwell Banker Realty License #01496584

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1989

Lot Details

  • 7,492

Parking

  • 6 Car Attached Garage

Home Design

  • Triplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,613 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Sump Pump

Additional Features

  • 7,492 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $114,600

Community Details

Overview

  • 5,613 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $720
  • Operating Expense $13,258
  • Gross Income $114,600

Property Details

Home Type

Multi-Family

Year Built

1989

Lot Details

7,492 Sq Ft Lot

Parking

6

Listing Details

  • Zoning: R20000
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5613
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1989

Interior Features

  • Living Sq Ft: 5613
  • Stories: 2
  • Flooring: Carpet

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 6
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Acres: 0.1720
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.07
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Landscape: 720
  • Expenses Total: 13258
  • Income Annual Gross: 114600.00
  • Income Annual Rental: 114600
  • Income Gross Scheduled: 114600
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2015
Sold by
Bought by
Current Estimated Value
$3,409,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 2006
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,300,000 Fidelity National Title Co
-- Chicago Title Company
$1,030,000 Chicago Title Company
-- None Available
-- None Available
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,000,000
Previous Owner $600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/30/2015 06/30/15 Sold $2,300,000 0.0% $410 / Sq Ft
05/05/2015 05/05/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $2,300,000 -- $410 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $35,292 $2,764,246 $1,382,123 $1,382,123
2023 $35,292 $2,656,908 $1,328,454 $1,328,454
2022 $29,509 $2,604,812 $1,302,406 $1,302,406
2021 $29,144 $2,553,738 $1,276,869 $1,276,869
2020 $28,666 $2,527,554 $1,263,777 $1,263,777
2019 $27,982 $2,477,996 $1,238,998 $1,238,998
2018 $27,429 $2,429,408 $1,214,704 $1,214,704
2017 $26,928 $2,381,774 $1,190,887 $1,190,887
2016 $26,597 $2,335,074 $1,167,537 $1,167,537
2015 $12,826 $1,097,982 $548,991 $548,991
2014 $12,538 $1,076,476 $538,238 $538,238
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Robin Liu

    Century 21 Realty Alliance

  • S

    Buyer's Agent in 2015

    Suzan J. Gogol

    Coldwell Banker Realty

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Map

Source: MLSListings

MLS Number: ML81451668

MLSListings

APN: 021-302-340

California San Mateo County Millbrae 94030

65 Spruce St, Millbrae, CA

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