NOT LISTED FOR SALE

716 Prospect Row San Mateo, CA 94401

North Central Neighborhood

Estimated Value: $1,825,000 - $2,873,252

5 Beds
3 Baths
2,501 Sq Ft
$887/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $1,830,000 $732 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $13,529/month

26 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Borel Middle School Rated A-
  • Secured Garage or Parking
  • Ceiling Fan

About This Home

As of June 2021

Lovely Duplex in San Mateo on a quiet tree-lined street. Located just blocks away from Burlingame Ave shopping, restaurants and transportation. The front unit consists of 2 bedrooms, 1 bath and the back unit consists of 3 bedrooms, 2 baths. Both units have been very well maintained and cared for. There are no party walls as units connect at the garage wall. This is an excellent opportunity for an investment property or owner occupied + income. Back unit has a current long term tenant in place.

Last Agent to Sell the Property

Lindsey Baggetta

SC Properties License #01773396 Listed on: 04/16/2021

SC Properties

Last Buyer's Agent

Raven Naber

Bay East AOR License #01995190

Property Details

Home Type

  • Multi-Family

Year Built

  • 1930

Lot Details

  • 7,501 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • Secured Garage or Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,501 Sq Ft Home
  • Ceiling Fan
  • Gas Oven
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

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

Listing and Financial Details

  • Total Actual Rent $87,600

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,487
  • Insurance Expense $2,019
  • Maintenance Expense $5,000
  • Manager Expense $5,200
  • Operating Expense $37,731
  • Gross Income $83,220

Property Details

Home Type

Multi-Family

Year Built

1930

Lot Details

7,501 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2501
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Kitchen: Oven Range - Gas
  • Living Sq Ft: 2501
  • Security: Secured Garage / Parking
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.26
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2019
  • Expense Landscape: 1487
  • Expense Maintenance: 5000
  • Expense Management: 5200
  • Expenses Total: 37731
  • Income Annual Gross: 83220.00
  • Income Annual Rental: 87600
  • Income Gross Scheduled: 87600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jun 9, 2021
Sold by
Beck Kenneth J
Bought by
Howe Douglas and Howe Alexandria Garcia
Seller's Agent
Lindsey Baggetta
SC Properties
Buyer's Agent
Raven Naber
Bay East AOR
List Price
$1,950,000
Sold Price
$1,830,000
Premium/Discount to List
-$120,000
-6.15%
Current Estimated Value
$2,218,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$388,813
Avg. Annual Appreciation
4.16%
Original Mortgage
$1,464,000
Outstanding Balance
$1,325,470
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$893,343

Purchase Details

Closed on
Feb 14, 2014
Sold by
Beck Kenneth J and Philibosian Michele
Bought by
Beck Kenneth J

Purchase Details

Closed on
Sep 27, 2013
Sold by
Beck Kenneth J
Bought by
Beck Kenneth J and Philibosian Michele

Purchase Details

Closed on
Jul 10, 2013
Sold by
Bremer Phyllis M
Bought by
Bremer Phyllis M

Purchase Details

Closed on
Apr 18, 2013
Sold by
Koehler Barbara F
Bought by
Koehler Paul D and Koehler Barbara F

Purchase Details

Closed on
Jul 20, 2012
Sold by
Beck Kenneth Joseph and Bremer Phyllis
Bought by
Beck Kenneth J and Bremer Phyllis M

Purchase Details

Closed on
Jun 28, 1995
Sold by
Beck Frank W and Beck Virginia C
Bought by
Beck Frank W and Beck Virginia C
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
Howe Douglas $1,830,000 Chicago Title Company
Beck Kenneth J -- None Available
Beck Kenneth J -- None Available
Bremer Phyllis M -- None Available
Koehler Paul D -- None Available
Beck Kenneth J -- None Available
Beck Frank W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howe Douglas $1,464,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2021 06/11/21 Sold $1,830,000 -6.2% $732 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/08/2021 05/08/21 For Sale $1,950,000 0.0% $780 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $1,950,000 -- $780 / Sq Ft
Source: MLSListings

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 $25,322 $1,992,000 $1,220,000 $772,000
2023 $25,322 $1,816,000 $1,151,000 $665,000
2022 $24,723 $1,866,600 $1,183,200 $683,400
2021 $4,084 $143,294 $50,943 $92,351
2020 $3,790 $141,826 $50,421 $91,405
2019 $3,558 $139,046 $49,433 $89,613
2018 $3,040 $136,320 $48,464 $87,856
2017 $2,774 $133,648 $47,514 $86,134
2016 $2,345 $131,029 $46,583 $84,446
2015 $2,351 $129,062 $45,884 $83,178
2014 $2,236 $126,535 $44,986 $81,549
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lindsey Baggetta

    SC Properties

    Section Image

  • R

    Buyer's Agent in 2021

    Raven Naber

    Bay East AOR

See All Agents

Map

Source: MLSListings

MLS Number: ML81839344

MLSListings

APN: 032-142-250

California San Mateo County San Mateo 94401 North Central

716 Prospect Row, San Mateo, CA

Not Listed for Sale

MultiFamily

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