NOT LISTED FOR SALE

690 Spruce St Half Moon Bay, CA 94019

Estimated Value: $1,586,000 - $2,209,944

5 Beds
4 Baths
2,622 Sq Ft
$683/Sq Ft Est. Value

Last Sold February 09, 2023

Last sale price $1,500,000 $572 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $11,029/month

111 Days on Market

Highlights

  • Deck
  • Beamed Ceilings
  • 4 Car Attached Garage
  • Vaulted Ceiling
  • Balcony
  • Tandem Parking

About This Home

As of February 2023

Rare to find duplex in downtown Half Moon Bay. Great separation between units. 690 Spruce - 2 Bedrooms / 2 Bathrooms | ~1,000 sq ft | Open Beam Vaulted Ceilings | Large Living Room | Dining Area | New Luxury Vinyl Flooring | New Carpet | Freshly Painted Interior | Private Deck | Storage Space | 2 Car Garage | Washer/Dryer Hookups | Central Heating | 692 Spruce - 3 bedrooms / 2 bathrooms | 2 Levels | ~1,600 sq ft | Bedroom & Full Bathroom on Ground Floor | Open Concept Living Room / Dining Room | Large Fenced Yard | Extra Space for RV | Open Beam Vaulted Ceilings | Access to garage from inside | New Luxury Vinyl Flooring | New Carpet | Freshly Painted Interior | 2 Car Garage | Washer/Dryer in Garage | Central Heating - Perfect for an investor looking for an income property. Short Term Rental Potential. Live in one and rent out the other, or multi-generational living. Separately metered for gas, water and electric. Located just off Main Street, a short walk to the heart of downtown.

Last Agent to Sell the Property

Mark Weisbarth

Ocean Element Real Estate License #01943900 Listed on: 10/07/2022

Co-Listed By

Jerome Brolan

Ocean Element Real Estate License #01023833

Last Buyer's Agent

Michael Salmiery

Millennium Flats, Inc. License #01509688

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,841

Year Built

  • 1991

Lot Details

  • 6,821 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Parking

  • 4 Car Attached Garage
  • Tandem Parking
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 2,622 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Storage Room
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Balcony
  • Deck
  • Shed

Utilities

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

Listing and Financial Details

  • Total Actual Rent $86,400

Community Details

Overview

Building Details

  • Gardener Expense $1,000
  • Insurance Expense $4,000
  • Trash Expense $480
  • Operating Expense $20,980
  • Gross Income $89,496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,841

Year Built

1991

Lot Details

0

Parking

4

Listing Details

  • Zoning: R10000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2622
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1991

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2622
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Fenced, Storage Shed / Structure

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street, Parking Area, Room For Oversized Vehicle, Tandem Parking, Uncovered Parking

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Open Beam Ceiling, Vaulted Ceiling, Walk-In Closet

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1566
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6820.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6820.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 17.13

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 4000
  • Expense Landscape: 1000
  • Expenses Total: 20980
  • Expense Trash: 480
  • Income Annual Gross: 89496.00
  • Income Annual Rental: 86400
  • Income Gross Scheduled: 90400
  • Income Includes: Rents
  • Income Other: 4000
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Feb 6, 2023
Sold by
Alfred Perruquet Enterprises
Bought by
Marchi Peter D and Marchi Sherry
Seller's Agent
Mark Weisbarth
Ocean Element Real Estate
Buyer's Agent
Michael Salmiery
Millennium Flats, Inc.
List Price
$1,699,000
Sold Price
$1,500,000
Premium/Discount to List
-$199,000
-11.71%
Views
77
Current Estimated Value
$1,791,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,236
Avg. Annual Appreciation
6.74%
Source: Public Records

Range of Values:

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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
Marchi Peter D $1,500,000 First American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2023 02/09/23 Sold $1,500,000 -11.7% $572 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
10/07/2022 10/07/22 For Sale $1,699,000 -- $648 / 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 $19,841 $1,560,600 $884,340 $676,260
2023 $19,841 $440,269 $79,674 $360,595
2022 $7,101 $431,637 $78,112 $353,525
2021 $6,771 $423,175 $76,581 $346,594
2020 $6,555 $418,837 $75,796 $343,041
2019 $7,000 $410,625 $74,310 $336,315
2018 $7,191 $402,574 $72,853 $329,721
2017 $6,606 $394,681 $71,425 $323,256
2016 $6,578 $386,943 $70,025 $316,918
2015 $6,441 $381,132 $68,974 $312,158
2014 $6,059 $373,667 $67,623 $306,044
Source: Public Records

Agents Affiliated with this Home

  • Mark Weisbarth

    Seller's Agent in 2023

    Mark Weisbarth

    Ocean Element Real Estate

    (650) 868-6783

    12 in this area

    37 Total Sales

    Mark Weisbarth
    Section Image
  • Jerome Brolan

    Seller Co-Listing Agent in 2023

    Jerome Brolan

    Ocean Element Real Estate

    (650) 455-4904

    1 in this area

    5 Total Sales

    Jerome Brolan
    Section Image
  • Michael Salmiery

    Buyer's Agent in 2023

    Michael Salmiery

    Millennium Flats, Inc.

    (408) 910-5169

    1 in this area

    15 Total Sales

    Michael Salmiery
    Section Image
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Map

Source: MLSListings

MLS Number: ML81915429

MLSListings

APN: 064-271-200

California San Mateo County Half Moon Bay 94019

690 Spruce St, Half Moon Bay, CA

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