$1,710,000
SOLD APR 8, 2025

655 Middle Rd Belmont, CA 94002

Antique Forest Homes Neighborhood
4 Beds
4 Baths
3,360 Sq Ft
6,421 Sq Ft Lot

Recently Sold

$509 Per Sq Ft

12% Below List Price

25 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • Fireplace
  • Ralston Intermediate School Rated A
  • 3 Car Detached Garage
  • Tile Countertops

About This Home

As of April 2025

Excellent West side location; close to top Belmont Restaurants(6th and Ralston) and walking distance to Belmont Train Station. Features highly rated Belmont schools. Owners unit with Bay View, Fireplace, cove ceilings, and breakfast nook. All units have a one car garage and one additional one site parking.

Last Agent to Sell the Property

Vince Armando

Armando Investment License #00609541 Listed on: 02/13/2025

Last Buyer's Agent

Donny Suh

SYL Realty License #02004626

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,197

Year Built

  • 1932

Parking

  • 3 Car Detached Garage
  • Assigned Parking

Home Design

  • Triplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,360 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Bay Views
  • Laundry Room

Kitchen

  • Built-In Oven
  • Electric Oven
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Barbecue Area
  • 6,421 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $84,960

Community Details

Building Details

  • 3 Leased Units
  • Insurance Expense $2,200
  • Utility Expense $1,080
  • Operating Expense $28,280
  • Gross Income $87,160

Additional Features

  • 3,360 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,197

Year Built

1932

Lot Details

0

Parking

3

Listing Details

  • Zoning: R10006
  • Subclass: Triplex
  • Age: 93
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3360
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1932

Interior Features

  • Kitchen: Countertop - Tile, Dishwasher, Garbage Disposal, Microwave, Oven Range - Built-In, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3360
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Hardwood, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Bay
  • Yard/Grounds: Bbq Area
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces, Attached Garage, Detached Garage

Utilities

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

Schools

  • School District: Sequoia Union High
  • Middle School: Ralston Intermediate
  • Middle School: 669

Lot Info

  • Lot Acres: 0.1474
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6420.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6420.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.59
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 2200
  • Expenses Total: 28280
  • Expenses Utility: 1080
  • Income Annual Gross: 87160.00
  • Income Annual Rental: 84960
  • Income Gross Scheduled: 87160
  • Income Includes: Coin Operated Equip, Lease
  • Income Other: 2200
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2025
Closed on
Mar 28, 2025
Sold by
Robert John Russell Revocable Trust and Russell Robert J
Bought by
Regan James Francis and Luo Zixi
Seller's Agent
Vince Armando
Armando Investment
Buyer's Agent
Donny Suh
SYL Realty
List Price
$1,950,000
Sold Price
$1,710,000
Premium/Discount to List
-$240,000
-12.31%
Views
55
Current Estimated Value
$1,743,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,939
Avg. Annual Appreciation
5.17%
Original Mortgage
$1,368,000
Outstanding Balance
$1,362,385
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$381,554

Purchase Details

Closed on
Nov 22, 2024
Sold by
Robert John Russell Revocable Trust and Russell Robert John
Bought by
Robert John Russell Revocable Trust and Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2001
Sold by
Russell Robert J
Bought by
Russell Robert John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,750
Interest Rate
7.54%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 1998
Sold by
Russell Family Trust and Robert J
Bought by
Russell Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 1996
Sold by
Russell Jenifer R
Bought by
Russell Robert J
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 Type Sale Price Title Company
Grant Deed $1,710,000 Fidelity National Title Compan
Grant Deed -- Fidelity National Title Compan
Grant Deed -- Fidelity National Title Compan
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,368,000 New Conventional
Previous Owner $650,000 New Conventional
Previous Owner $350,000 Commercial
Previous Owner $717,500 Negative Amortization
Previous Owner $682,000 Commercial
Previous Owner $738,750 Commercial
Previous Owner $455,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Sold $1,710,000 -4.7% $509 / Sq Ft
03/11/2025 03/11/25 Pending -- -- --
03/03/2025 03/03/25 Price Changed $1,795,000 -5.3% $534 / Sq Ft
03/03/2025 03/03/25 Price Changed $1,895,000 -2.8% $564 / Sq Ft
02/13/2025 02/13/25 For Sale $1,950,000 0.0% $580 / Sq Ft
10/08/2024 10/08/24 Off Market $2,095 -- --
08/01/2024 08/01/24 For Rent $2,095 -- --
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 $7,197 $310,845 $88,800 $222,045
2023 $7,197 $298,776 $85,352 $213,424
2022 $7,882 $292,919 $83,679 $209,240
2021 $7,715 $287,177 $82,039 $205,138
2020 $7,397 $284,233 $81,198 $203,035
2019 $6,872 $278,660 $79,606 $199,054
2018 $6,394 $273,197 $78,046 $195,151
2017 $6,064 $267,841 $76,516 $191,325
2016 $5,726 $262,590 $75,016 $187,574
2015 $5,732 $258,647 $73,890 $184,757
2014 $4,866 $253,581 $72,443 $181,138
Source: Public Records

Agents Affiliated with this Home

  • Vince Armando

    Seller's Agent in 2025

    Vince Armando

    Armando Investment

    (415) 860-4527

    2 in this area

    29 Total Sales

    Vince Armando
    Section Image

  • D

    Buyer's Agent in 2025

    Donny Suh

    SYL Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81993917

MLSListings

APN: 044-222-030

California San Mateo County Belmont 94002 Antique Forest Homes

655 Middle Rd, Belmont, CA

This home is located at 655 Middle Rd, Belmont, CA 94002 and is currently priced at $1,710,000, approximately $508 per square foot. This property was built in 1932. 655 Middle Rd is a home located in San Mateo County with nearby schools including Ralston Intermediate School, Carlmont High School, and Hanlin Academy.

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