NOT LISTED FOR SALE

689 3rd Ave San Bruno, CA 94066

Belle Air Park Neighborhood

Estimated Value: $1,708,521 - $1,986,000

4 Beds
3 Baths
2,517 Sq Ft
$740/Sq Ft Est. Value

Last Sold August 22, 2017

Last sale price $1,325,000 $526 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $11,281/month

27 Days on Market

Highlights

  • Floor Furnace
  • Washer and Dryer
  • 1-Story Property
  • Capuchino High School Rated A-

About This Home

As of August 2017

This is a great investment property a single family home and a duplex side by side. House is 3BR 1BA with updated kitchen separate dining room fireplace in living room. Duplex consist of 1br 1ba upstairs totally remodeled in 2016 and a studio apartment down stairs ( not a legal unit) Greats rents and tenants are on month to month.

Last Agent to Sell the Property

JR Moreno

JR's Realty 2000 License #00975226 Listed on: 06/23/2017

Last Buyer's Agent

Chris Sabido

Corcoran Icon Properties License #01712312

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • 1943

Lot Details

  • 5,001 Sq Ft Lot

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,517 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Utilities

  • Floor Furnace
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $76,140

Community Details

Overview

  • 2,517 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,310
  • Operating Expense $10,228
  • Gross Income $76,140

Property Details

Home Type

Multi-Family

Year Built

1943

Lot Details

0

Parking

1

Listing Details

  • Zoning: R10006
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2517
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1943

Interior Features

  • Living Sq Ft: 2517
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Floor Furnace, Wall Furnace
  • Sewer/Septic System: Sewer In Street

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.37
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1310
  • Expense Landscape: 600
  • Expenses Total: 10228
  • Income Annual Gross: 76140.00
  • Income Annual Rental: 76140
  • Income Gross Scheduled: 76140
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2017
Closed on
Aug 1, 2017
Sold by
Moreno Philip L
Bought by
Mousa Adham
Seller's Agent
JR Moreno
JR's Realty 2000
Buyer's Agent
Chris Sabido
Corcoran Icon Properties
List Price
$1,450,000
Sold Price
$1,325,000
Premium/Discount to List
-$125,000
-8.62%
Current Estimated Value
$1,828,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,165
Avg. Annual Appreciation
4.15%

Purchase Details

Closed on
May 19, 2004
Sold by
Brophy John Downs
Bought by
Moreno Philip L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2002
Sold by
Westmore Rebecca M
Bought by
Brophy John Downs

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.84%
Mortgage Type
Commercial
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
Mousa Adham $1,325,000 Old Republic Title Company
Moreno Philip L $630,000 Old Republic Title Company
Brophy John Downs -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moreno Philip L $450,000
Previous Owner Brophy John Downs $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2017 08/22/17 Sold $1,325,000 -5.3% $526 / Sq Ft
07/21/2017 07/21/17 Pending -- -- --
07/14/2017 07/14/17 Price Changed $1,399,000 -3.5% $556 / Sq Ft
06/23/2017 06/23/17 For Sale $1,450,000 -- $576 / 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 $20,420 $1,507,618 $1,126,449 $381,169
2023 $20,420 $1,449,077 $1,082,708 $366,369
2022 $15,743 $1,420,665 $1,061,479 $359,186
2021 $15,542 $1,392,810 $1,040,666 $352,144
2020 $15,396 $1,378,530 $1,029,996 $348,534
2019 $15,144 $1,351,500 $1,009,800 $341,700
2018 $14,389 $1,325,000 $990,000 $335,000
2017 $8,489 $771,782 $385,891 $385,891
2016 $8,319 $756,650 $378,325 $378,325
2015 $8,209 $745,286 $372,643 $372,643
2014 $6,654 $600,000 $300,000 $300,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    JR Moreno

    JR's Realty 2000

  • C

    Buyer's Agent in 2017

    Chris Sabido

    Corcoran Icon Properties

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Map

Source: MLSListings

MLS Number: ML81667423

MLSListings

APN: 020-195-010

California San Mateo County San Bruno 94066 Belle Air Park

689 3rd Ave, San Bruno, CA

Not Listed for Sale

MultiFamily

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