NOT LISTED FOR SALE

Estimated Value: $1,660,000 - $1,970,000

4 Beds
4 Baths
1,420 Sq Ft
$1,297/Sq Ft Est. Value

Last Sold December 27, 2021

Last sale price $1,668,888 $1,175 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $11,546/month

8 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 1-Story Property
  • Borel Middle School Rated A-

About This Home

As of December 2021

Development opportunity along El Camino in prime location of San Mateo! House up front has new windows, living room, dining room and washer and dryer in unit. Back unit is divided with a 1 bedroom 1 bathroom full kitchen and bathroom on one side and a studio on the other side. Extra large lot that is zoned R4 with multiple possibilities. Perfect location with close proximity to downtown Burlingame, downtown San Mateo, Caltrain and 101 access.

Last Agent to Sell the Property

Julie Gilmartin

Gilmartin Group License #01983655 Listed on: 10/22/2021

Co-Listed By

Timothy Gilmartin

Gilmartin Group License #00841354

Last Buyer's Agent

Timothy Gilmartin

Gilmartin Group License #00841354

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,721

Year Built

  • 1925

Lot Details

  • 7,749

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Wood Shingle Roof
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 1,420 Sq Ft Home
  • 1-Story Property
  • Sump Pump

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Assigned Parking

Additional Features

  • 7,749 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $3,887

Community Details

Overview

  • 1,420 Sq Ft Building

Building Details

  • 2 Leased Units
  • Manager Expense $194
  • Operating Expense $194
  • Gross Income $3,887

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,721

Year Built

1925

Lot Details

0

Listing Details

  • Zoning: RM00R4
  • Subclass: Multiple Dwellings / Structures
  • Age: 96
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1420
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1925

Interior Features

  • Living Sq Ft: 1420
  • Stories: 1
  • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Roof: Tar And Gravel, Wood Shakes / Shingles
  • Construction Type: Masonry, Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces
  • Carport Min: 2

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1779
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7750.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 432.21
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Management: 194
  • Expenses Total: 194
  • Income Annual Gross: 3887.00
  • Income Annual Rental: 3887
  • Income Gross Scheduled: 3887
  • Meters: Master Gas, Separate Electric, Separate Water
  • Number Of Buildings: 2
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
Dec 7, 2021
Sold by
Christopherson Gary W
Bought by
Chung Melody
Seller's Agent
Julie Gilmartin
Gilmartin Group
Buyer's Agent
Timothy Gilmartin
Gilmartin Group
List Price
$1,680,000
Sold Price
$1,668,888
Premium/Discount to List
-$11,112
-0.66%
Current Estimated Value
$1,841,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,760
Avg. Annual Appreciation
2.61%
Original Mortgage
$1,084,000
Outstanding Balance
$1,022,308
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$819,340

Purchase Details

Closed on
Nov 2, 2014
Sold by
Christopherson Gary W
Bought by
Christopherson Gary W

Purchase Details

Closed on
Nov 15, 2013
Sold by
Christopherson Henry E
Bought by
Christopherson Henry E and Christopherson Gary W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.18%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Chung Melody $1,669,000 Lawyers Title Company
Christopherson Gary W -- None Available
Christopherson Henry E -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chung Melody $1,084,000
Previous Owner Christopherson Henry E $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2021 12/27/21 Sold $1,668,888 -0.7% $1,175 / Sq Ft
10/31/2021 10/31/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $1,680,000 -- $1,183 / 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 $21,721 $1,450,000 $968,500 $481,500
2023 $21,721 $1,433,000 $957,000 $476,000
2022 $22,235 $1,668,888 $1,115,000 $553,888
2021 $4,516 $171,052 $125,530 $45,522
2020 $4,041 $169,299 $124,243 $45,056
2019 $5,064 $165,980 $121,807 $44,173
2018 $3,317 $162,726 $119,419 $43,307
2017 $3,820 $159,536 $117,078 $42,458
2016 $2,914 $156,409 $114,783 $41,626
2015 $3,369 $154,060 $113,059 $41,001
2014 $2,677 $151,043 $110,845 $40,198
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81867867

MLSListings

APN: 032-141-270