NOT LISTED FOR SALE

68 Mateo Ave Millbrae, CA 94030

Downtown Millbrae Neighborhood

Estimated Value: $1,640,000 - $3,054,000

6 Beds
3 Baths
4,738 Sq Ft
$524/Sq Ft Est. Value

Last Sold October 28, 2014

Last sale price $1,449,500 $306 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $14,973/month

9 Days on Market

Highlights

  • Wood Flooring
  • Guest Parking
  • Forced Air Heating System
  • Taylor Middle School Rated A-

About This Home

As of October 2014

Absolutely fantastic owner-user or investor opportunity. 68 Mateo Ave. the original unit circa 1930 a split level 2bd/1ba with a beautiful updated kitchen. On the lower level is a perfect bonus family room or office and laundry area plus one car garage. 72 Mateo Ave. is circa 1970's mol. Its a 4bd/2ba with a spacious living room with fireplace and an updated Kit/2ba. Combined units sf 4,738sf.

Last Agent to Sell the Property

Lou Realyvasquez

Compass License #00771468 Listed on: 09/05/2014

Compass

Last Buyer's Agent

Lou Realyvasquez

Compass License #00771468 Listed on: 09/05/2014

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1930

Lot Details

  • 5,009

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,738 Sq Ft Home
  • 2-Story Property
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • Garage
  • Garage Door Opener
  • Guest Parking

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $5,000
  • The owner pays for garbage, services - gardener/landscaping

Community Details

Overview

  • 4,738 Sq Ft Building

Building Details

  • Operating Expense $2,955
  • Gross Income $5,000

Property Details

Home Type

Multi-Family

Year Built

1930

Lot Details

0

Listing Details

  • Zoning: R200
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Geological/Flood, Flood Zone
  • Sale Price Per Sq Ft: 305.93
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 4738
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 4738
  • Stories: 2
  • Laundry: Washer/Dryer - All Units, Washer/Dryer - Owned, Laundry Area - In All Units, In Garage
  • Flooring: Hardwood - Partial, Tile, Vinyl / Linoleum

Exterior Features

  • Roof: Shingle, Composition

Garage/Parking

  • Garage Parking Features: Gate / Door Opener, Guest / Visitor Parking

Utilities

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

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5000.00
  • Lot Size Area Min Search: 5000.00
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 289.90

Multi Family

  • Expenses Total: 2955
  • Income Annual Gross: 5000.00
  • Income Annual Rental: 5000
  • Income Gross Scheduled: 5000
  • Maximum Building Height: 2
  • Meters: Separate Electric
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Gas, Cable Tv
  • Owner Pays: Garbage, Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2014
Closed on
Oct 15, 2014
Sold by
Mengotti Catherine and Staffaroni Gino M
Bought by
Kuang Alice and Kuang Michael
Seller's Agent
Lou Realyvasquez
Compass
Buyer's Agent
Lou Realyvasquez
Compass
List Price
$1,449,500
Sold Price
$1,449,500
Current Estimated Value
$2,484,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,035,018
Avg. Annual Appreciation
4.94%
Original Mortgage
$1,014,650
Outstanding Balance
$755,833
Interest Rate
3.35%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,728,685

Purchase Details

Closed on
May 1, 2014
Sold by
Mengotti Catherine
Bought by
Mengotti Catherine and Staffaroni Gino M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
4.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2013
Sold by
Mengotti Catherine
Bought by
Mengotti Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2008
Sold by
Mengotti Catherine and Staffaroni Gino M
Bought by
Mengotti Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2007
Sold by
Staffaroni James J
Bought by
Mengotti Catherine and Staffaroni Gino M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.16%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 21, 2006
Sold by
Mengotti Catherine and Mengotti Enrica
Bought by
Mengotti Catherine and Staffaroni Gino M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.16%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 2, 2001
Sold by
Mengotti Enrica
Bought by
Mengotti Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
6.62%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 19, 1998
Sold by
Mengotti E
Bought by
Mengotti Catherine and Staffaroni Gino Antonio
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kuang Alice $1,449,500 First American Title Company
Mengotti Catherine $156,500 Old Republic Title Company
Mengotti Catherine -- Old Republic Title Company
Mengotti Catherine -- Fidelity National Title Co
Mengotti Catherine -- Alliance Title Company
Mengotti Catherine -- Alliance Title Company
Mengotti Catherine -- Bridgespan Title Company
Mengotti Catherine -- Bridgespan Title Company
Mengotti Catherine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kuang Alice $1,014,650
Previous Owner Mengotti Catherine $378,000
Previous Owner Mengotti Catherine $220,000
Previous Owner Mengotti Catherine $100,000
Previous Owner Mengotti Catherine $550,000
Previous Owner Mengotti Catherine $550,000
Previous Owner Mengotti Catherine $137,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2014 10/28/14 Sold $1,449,500 0.0% $306 / Sq Ft
09/14/2014 09/14/14 Pending -- -- --
09/05/2014 09/05/14 For Sale $1,449,500 -- $306 / 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 $23,456 $1,742,074 $871,037 $871,037
2023 $23,456 $1,674,428 $837,214 $837,214
2022 $18,777 $1,641,598 $820,799 $820,799
2021 $18,567 $1,609,410 $804,705 $804,705
2020 $18,265 $1,592,908 $796,454 $796,454
2019 $17,835 $1,561,676 $780,838 $780,838
2018 $17,486 $1,531,056 $765,528 $765,528
2017 $17,134 $1,501,036 $750,518 $750,518
2016 $16,921 $1,471,604 $735,802 $735,802
2015 $16,807 $1,449,500 $724,750 $724,750
2014 $3,009 $235,555 $23,540 $212,015
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Lou Realyvasquez

    Compass

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Map

Source: MLSListings

MLS Number: ML81432297

MLSListings

APN: 021-312-010

California San Mateo County Millbrae 94030 Downtown Millbrae

68 Mateo Ave, Millbrae, CA

Not Listed for Sale

MultiFamily

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