NOT LISTED FOR SALE

700 1st Ave San Mateo, CA 94401

North Central Neighborhood

Estimated Value: $1,188,000 - $1,816,000

4 Beds
2 Baths
2,065 Sq Ft
$744/Sq Ft Est. Value

Last Sold May 30, 2012

Last sale price $535,000 $259 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $8,980/month

54 Days on Market

Highlights

  • Wall to Wall Carpet
  • San Mateo High School Rated A+
  • 4-minute walk to San Mateo

About This Home

As of May 2012

2 2-bedroom 1 bath units. Good location near Downtown San Mateo with easy access to 101. Both units are tenant occupied. Rear unit has been remodeled. Good tenants.

Last Agent to Sell the Property

Cecilia Wong

Century 21 Baldini Realty License #01184359 Listed on: 02/28/2012

Last Buyer's Agent

Anthony Peterson

AMP Properties Inc. License #01244916

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 4,182

Parking

  • Private Parking

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Oven or Range
  • Wall to Wall Carpet

Listing and Financial Details

  • Total Actual Rent $38,400

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $999
  • Maintenance Expense $999
  • Operating Expense $6,581
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Listing Details

  • Zoning: RM003
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Laundry: Laundry - No
  • Flooring: Carpet - Wall To Wall

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Location: Court
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4200.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 4200.00
  • Lot Size Area Min Search: 4200.00
  • Maximum Lot Size: 4200.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.97

Multi Family

  • Expense Insurance: 999
  • Expense Maintenance: 999
  • Expenses Total: 6581
  • Income Annual Gross: 38400.00
  • Income Annual Rental: 38400
  • Income Gross Scheduled: 38400
  • Income Includes: Lease
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2012
Closed on
May 24, 2012
Sold by
Cheang Kit Fo and Wang Li Hua
Bought by
Uccelli Janice M
Seller's Agent
Cecilia Wong
Century 21 Baldini Realty
Buyer's Agent
Anthony Peterson
AMP Properties Inc.
List Price
$575,000
Sold Price
$535,000
Premium/Discount to List
-$40,000
-6.96%
Current Estimated Value
$1,536,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,001,472
Avg. Annual Appreciation
8.05%
Original Mortgage
$428,000
Outstanding Balance
$297,927
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$1,238,545

Purchase Details

Closed on
Sep 20, 2002
Sold by
Cheang Kit Fo
Bought by
Cheang Kit Fo and Wang Li Hua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.22%

Purchase Details

Closed on
Nov 21, 1997
Sold by
Chow Hom Kit Wu and Ling Ginny
Bought by
Cheang Kit Fo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,800
Interest Rate
6.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Uccelli Janice M $535,000 Fidelity National Title Co
Cheang Kit Fo -- Chicago Title Insurance Comp
Cheang Kit Fo $281,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uccelli Janice M $428,000
Previous Owner Cheang Kit Fo $230,000
Previous Owner Cheang Kit Fo $224,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2012 05/30/12 Sold $535,000 -7.0% $259 / Sq Ft
04/22/2012 04/22/12 Pending -- -- --
02/28/2012 02/28/12 For Sale $575,000 -- $278 / 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 $11,354 $671,978 $335,989 $335,989
2023 $11,354 $645,886 $322,943 $322,943
2022 $10,968 $633,222 $316,611 $316,611
2021 $10,836 $620,806 $310,403 $310,403
2020 $10,269 $614,442 $307,221 $307,221
2019 $9,278 $602,396 $301,198 $301,198
2018 $8,612 $590,586 $295,293 $295,293
2017 $7,952 $579,006 $289,503 $289,503
2016 $7,560 $567,654 $283,827 $283,827
2015 $7,070 $559,128 $279,564 $279,564
2014 $7,470 $548,176 $274,088 $274,088
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Cecilia Wong

    Century 21 Baldini Realty

  • A

    Buyer's Agent in 2012

    Anthony Peterson

    AMP Properties Inc.

See All Agents

Map

Source: MLSListings

MLS Number: ML81207591

MLSListings

APN: 034-163-070

California San Mateo County San Mateo 94401 North Central

700 1st Ave, San Mateo, CA

Not Listed for Sale

MultiFamily

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