NOT LISTED FOR SALE

650 1st Ave San Mateo, CA 94401

North Central Neighborhood

Estimated Value: $1,631,000 - $2,175,767

4 Beds
2 Baths
2,308 Sq Ft
$854/Sq Ft Est. Value

Last Sold November 22, 2015

Last sale price $1,325,000 $574 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $12,445/month

11 Days on Market

Highlights

  • 2 Car Attached Garage
  • 4-minute walk to San Mateo
  • 1-Story Property
  • San Mateo High School Rated A+

About This Home

As of November 2015

This recently updated and remodeled charming duplex is situated in a cul-de-sac location and walking distance to both downtown San Mateo & Burlingame. 2-2BR/1BA units, has spacious living rooms, new carpet, updated kitchens w/granite countertops, stainless sinks, dishwashers, custom cabinets in kitchens and bathrooms, each w/garage, washer/dryer, backyard, new roof/gutters and paint. Fantastic location to walk to great schools, mass transit, close to major freeways, Central Park, shopping and fine dining.

Last Agent to Sell the Property

Leon D'Aquino

Intero Real Estate Services License #01931214 Listed on: 11/05/2015

Intero Real Estate Services

Last Buyer's Agent

Wahib Costandi

Costandi, Wahib License #00657740

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,464

Year Built

  • 1972

Lot Details

  • 5,053

Parking

  • 2 Car Attached Garage
  • On-Street Parking
  • Uncovered Parking

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,308 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $48,600

Community Details

Overview

Building Details

  • Gardener Expense $35
  • Insurance Expense $1,136
  • Maintenance Expense $500
  • Operating Expense $7,671
  • Gross Income $48,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,464

Year Built

1972

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0003
  • Subclass: Duplex
  • Age: 43
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2308
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Living Sq Ft: 2308
  • Stories: 1

Exterior Features

  • Foundation: Crawl Space, Pillars / Posts / Piers, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, On Street, Uncovered Parking

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5040.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5040.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 24.59

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1136
  • Expense Landscape: 35
  • Expense Maintenance: 500
  • Expenses Total: 7671
  • Income Annual Gross: 48600.00
  • Income Annual Rental: 48600
  • Income Gross Scheduled: 48600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Loan - Mortgage, Maintenance - Repair
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2021
Sold by
Massad Shadi Samer and Massad Rhaed Samer
Bought by
Massad Shadi Samer and Massad Rhaed Samer
Current Estimated Value
$1,970,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Outstanding Balance
$613,329
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,357,593

Purchase Details

Listed on
Nov 5, 2015
Closed on
Dec 10, 2015
Sold by
Mistry Kiran M and Mistry Jayant M
Bought by
Massad Shadi Samer and Massad Rhaed Samer
Seller's Agent
Leon D'Aquino
Intero Real Estate Services
Buyer's Agent
Wahib Costandi
Costandi, Wahib
List Price
$1,195,000
Sold Price
$1,325,000
Premium/Discount to List
$130,000
10.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.14%
Original Mortgage
$795,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2006
Sold by
Mistry Jayant M and Mistry Sita J
Bought by
Mistry Jayant M and Mistry Sita J

Purchase Details

Closed on
Nov 3, 1993
Sold by
Mistry Jayshree K
Bought by
Mistry Kiran M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
7.2%
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
Massad Shadi Samer -- Chicago Title Company
Massad Shadi Samer -- Chicago Title Company
Massad Shadi Samer $1,325,000 Old Republic Title Company
Mistry Jayant M -- None Available
Mistry Kiran M -- North American Title Company
Mistry Kiran M -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massad Shadi Samer $680,000
Closed Massad Shadi Samer $795,000
Previous Owner Mistry Kiran M $163,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2015 11/22/15 Sold $1,325,000 +10.9% $574 / Sq Ft
11/17/2015 11/17/15 Pending -- -- --
11/05/2015 11/05/15 For Sale $1,195,000 -- $518 / 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 $21,464 $1,568,527 $947,036 $621,491
2023 $21,464 $1,507,620 $910,262 $597,358
2022 $20,362 $1,478,060 $892,414 $585,646
2021 $20,138 $1,449,079 $874,916 $574,163
2020 $19,210 $1,434,221 $865,945 $568,276
2019 $19,385 $1,406,100 $848,966 $557,134
2018 $17,771 $1,378,530 $832,320 $546,210
2017 $17,548 $1,351,500 $816,000 $535,500
2016 $16,214 $1,325,000 $800,000 $525,000
2015 $5,974 $380,255 $114,070 $266,185
2014 -- $372,807 $111,836 $260,971
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Leon D'Aquino

    Intero Real Estate Services

    Section Image

  • W

    Buyer's Agent in 2015

    Wahib Costandi

    Costandi, Wahib

See All Agents

Map

Source: MLSListings

MLS Number: ML81521615

MLSListings

APN: 034-163-060

California San Mateo County San Mateo 94401 North Central

650 1st Ave, San Mateo, CA

This home is located at 650 1st Ave, San Mateo, CA 94401 since 05 November 2015 and is currently estimated at $1,970,922, approximately $853 per square foot. This property was built in 1972. 650 1st Ave is a home located in San Mateo County with nearby schools including Laurel Elementary School, Abbott Middle School, and San Mateo High School.

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