NOT LISTED FOR SALE

74 Elm St San Carlos, CA 94070

Cordes Neighborhood

Estimated Value: $2,163,000 - $2,950,311

4 Beds
2 Baths
2,955 Sq Ft
$809/Sq Ft Est. Value

Last Sold April 13, 2012

Last sale price $790,000 $267 Per Sq Ft

Est. 203% increase in value since last sale

Current estimated payment $13,832/month

48 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Forced Air Heating System
  • Arundel Elementary School Rated A

About This Home

As of April 2012

Prime San Carlos location, well maintained duplex on an 11,100 sq. ft. lot, with views of SF Bay. An excellent investment opportunity to either rent both, or, live in one/rent the other. Walking distance to downtown San Carlos, easy access to commute routes, CalTrain, shopping, dining. Large backyard, hardwood floors, and each with a 1 car garage w/ abundant storage space

Last Agent to Sell the Property

Ed Gory

Intero Real Estate Services License #01470796 Listed on: 01/12/2012

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,880

Year Built

  • 1949

Lot Details

  • 0.26

Parking

  • Private Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Additional Features

  • Neighborhood Views
  • Oven or Range
  • Laundry in Garage

Listing and Financial Details

  • Total Actual Rent $50,400
  • The owner pays for garbage, services - gardener/landscaping
  • Month-to-Month Lease Term

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $2,400
  • Operating Expense $12,400
  • Gross Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,880

Year Built

1949

Lot Details

0

Listing Details

  • Zoning: R300
  • Subclass: Duplex
  • Age: 63
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Roof, 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: 1949

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Laundry: Washer/Dryer - All Units, In Garage
  • Flooring: Tile, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11100.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 11100.00
  • Lot Size Area Min Search: 11100.00
  • Maximum Lot Size: 11100.00

Rental Info

  • Existing Lease Term(s): Month To Month, More Than 1 Yr
  • Gross Rent Multiplier: 16.37

Multi Family

  • Expense Insurance: 2400
  • Expenses Total: 12400
  • Income Annual Gross: 50400.00
  • Income Annual Rental: 50400
  • Income Gross Scheduled: 50400
  • Income Includes: Lease
  • Meters: Separate Electric, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Utilities - Electric
  • Owner Pays: Garbage, Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Water, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2012
Closed on
Apr 10, 2012
Sold by
Northern Trust Bank Of California N A and Fellini Maria
Bought by
Trinity Investment Company L P
Seller's Agent
Ed Gory
Intero Real Estate Services
List Price
$825,000
Sold Price
$790,000
Premium/Discount to List
-$35,000
-4.24%
Current Estimated Value
$2,390,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,600,578
Avg. Annual Appreciation
8.55%
Original Mortgage
$553,000
Outstanding Balance
$370,793
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$2,019,785
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
Trinity Investment Company L P $790,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trinity Investment Company L P $553,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2012 04/13/12 Sold $790,000 -4.2% $267 / Sq Ft
02/29/2012 02/29/12 Pending -- -- --
01/12/2012 01/12/12 For Sale $825,000 -- $279 / 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 $13,880 $992,274 $496,137 $496,137
2023 $13,880 $953,744 $476,872 $476,872
2022 $13,105 $935,044 $467,522 $467,522
2021 $12,886 $916,710 $458,355 $458,355
2020 $12,708 $907,312 $453,656 $453,656
2019 $12,446 $889,522 $444,761 $444,761
2018 $12,134 $872,082 $436,041 $436,041
2017 $11,943 $854,984 $427,492 $427,492
2016 $11,668 $838,220 $419,110 $419,110
2015 $11,632 $825,630 $412,815 $412,815
2014 $11,233 $809,458 $404,729 $404,729
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2012

    Ed Gory

    Intero Real Estate Services

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Map

Source: MLSListings

MLS Number: ML81201417

MLSListings

APN: 045-311-140

California San Mateo County San Carlos 94070 Cordes

74 Elm St, San Carlos, CA

This home is located at 74 Elm St, San Carlos, CA 94070 since 12 January 2012 and is currently estimated at $2,390,578, approximately $808 per square foot. This property was built in 1949. 74 Elm St is a home located in San Mateo County with nearby schools including Arundel Elementary School, Tierra Linda Middle School, and Carlmont High School.

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