NOT LISTED FOR SALE

68 W 38th Ave Unit W San Mateo, CA 94403

Westwood Knolls Neighborhood

Estimated Value: $1,744,000 - $2,200,766

4 Beds
2 Baths
2,636 Sq Ft
$720/Sq Ft Est. Value

Last Sold November 29, 2012

Last sale price $944,000 $358 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $11,861/month

100 Days on Market

Highlights

  • Mountain View
  • Deck
  • Vinyl Flooring
  • Hillsdale High School Rated A+
  • Forced Air Heating System

About This Home

As of November 2012

Charming duplex in great location, near Hillsdale Shopping Center, 25th Ave shopping, and Sam-Trans. Great investment opportunity! 2BR/1BA units fully rented. Downstairs unit includes back yard with deck. Upstairs unit has high ceilings and a wonderful view.

Last Agent to Sell the Property

Elizabeth Avalos-Catton

Property Masters Realty Group License #01477037 Listed on: 07/02/2012

Last Buyer's Agent

Daniel Lyons

KW Advisors License #01848586

KW Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,891

Year Built

  • 1947

Lot Details

  • 5,053

Parking

  • Private Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,636 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Mountain Views
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Additional Features

  • Deck
  • Sprinkler System

Listing and Financial Details

  • Total Actual Rent $40,500
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 2,636 Sq Ft Building

Building Details

  • Gardener Expense $960
  • Insurance Expense $1,512
  • Maintenance Expense $1,800
  • Other Expense $416
  • Operating Expense $12,297
  • Gross Income $40,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,891

Year Built

1947

Lot Details

0

Listing Details

  • Zoning: R200
  • Subclass: Duplex
  • Age: 65
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 358.12
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2636
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Varies By Unit, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 2636
  • Stories: 2
  • Laundry: In Garage
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum

Exterior Features

  • Roof: Composition
  • View: Mountains, Local/Neighborhood
  • Yard/Grounds: Sprinklers - Lawn, Deck

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Spaces Per Unit - 1

Utilities

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

Condo/Co-op/Association

  • HOA Amenities: Patio - Private

Schools

  • School District: San Mateo Union High
  • Elementary School: Laurel Elementary
  • Elementary School: 652

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5035.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5035.00
  • Lot Size Area Min Search: 5035.00
  • Maximum Lot Size: 5035.00

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 24.42

Multi Family

  • Expense Insurance: 1512
  • Expense Landscape: 960
  • Expense Maintenance: 1800
  • Expenses Other: 416
  • Expenses Total: 12297
  • Income Annual Gross: 40500.00
  • Income Annual Rental: 40500
  • Income Gross Scheduled: 40500
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Maintenance - Exterminator, Insurance, Maintenance - Repair, Fee - Property Tax
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2012
Closed on
Nov 27, 2012
Sold by
Sibille Richard L and Sibille Diane K
Bought by
Sibille Richard L and Sibille Diane K
Seller's Agent
Elizabeth Avalos-Catton
Property Masters Realty Group
Buyer's Agent
Daniel Lyons
KW Advisors
List Price
$989,000
Sold Price
$944,000
Premium/Discount to List
-$45,000
-4.55%
Current Estimated Value
$1,924,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$980,531
Avg. Annual Appreciation
5.56%
Original Mortgage
$200,000
Outstanding Balance
$139,293
Interest Rate
3.33%
Mortgage Type
New Conventional
Estimated Equity
$1,736,956

Purchase Details

Closed on
Nov 22, 2010
Sold by
Gomes Frederick C
Bought by
Gomes Frederick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2007
Sold by
Gomes Frederick C
Bought by
Gomes Frederick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2006
Sold by
Gomes Frederick C
Bought by
Gomes Frederick C
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 Buyer Sale Price Title Company
Sibille Richard L -- Old Republic Title Company
Sibille Richard L $944,000 Old Republic Title Company
Gomes Frederick C -- First American Title Company
Gomes Frederick C -- None Available
Gomes Frederick C -- Financial Title Company
Gomes Frederick C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sibille Richard L $200,000
Previous Owner Gomes Frederick C $334,500
Previous Owner Gomes Frederick C $345,000
Previous Owner Gomes Frederick C $346,000
Previous Owner Gomes Fred C $443,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2012 11/29/12 Sold $944,000 -4.6% $358 / Sq Ft
10/10/2012 10/10/12 Pending -- -- --
07/02/2012 07/02/12 For Sale $989,000 -- $375 / 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 $15,891 $1,162,456 $581,228 $581,228
2023 $15,891 $1,117,318 $558,659 $558,659
2022 $14,963 $1,095,410 $547,705 $547,705
2021 $14,684 $1,073,932 $536,966 $536,966
2020 $14,120 $1,062,922 $531,461 $531,461
2019 $13,634 $1,042,082 $521,041 $521,041
2018 $12,955 $1,021,650 $510,825 $510,825
2017 $12,282 $1,001,618 $500,809 $500,809
2016 $12,111 $981,980 $490,990 $490,990
2015 $11,920 $967,230 $483,615 $483,615
2014 $11,590 $948,284 $474,142 $474,142
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2012

    Elizabeth Avalos-Catton

    Property Masters Realty Group

    (408) 688-1068

    1 Total Sale

    Section Image
  • Daniel Lyons

    Buyer's Agent in 2012

    Daniel Lyons

    KW Advisors

    (650) 892-2736

    26 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81224742

MLSListings

APN: 042-161-310

California San Mateo County San Mateo 94403 Westwood Knolls

68 W 38th Ave Unit W, San Mateo, CA

This home is located at 68 W 38th Ave Unit W, San Mateo, CA 94403 since 02 July 2012 and is currently estimated at $1,897,942, approximately $720 per square foot. This property was built in 1947. 68 W 38th Ave Unit W is a home located in San Mateo County with nearby schools including Laurel Elementary School, Abbott Middle School, and Hillsdale High School.

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