NOT LISTED FOR SALE

742 Indian Ave San Mateo, CA 94401

North Central Neighborhood

Estimated Value: $1,412,000 - $1,595,491

3 Beds
2 Baths
1,280 Sq Ft
$1,177/Sq Ft Est. Value

Last Sold November 02, 2021

Last sale price $1,448,000 $1,131 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $9,718/month

12 Days on Market

Highlights

  • Traditional Architecture
  • Solid Surface Bathroom Countertops
  • Bay Window
  • Highlands Elementary School Rated A-
  • Formal Dining Room
  • 5-minute walk to Martin Luther King Community Park

About This Home

As of November 2021

Two Homes for the Price of One! Fantastic, rare opportunity to own this charming 3bd/2ba home with great rental income potential. The home offers a separate permitted ADU of approx. 861 Sq. Ft. with 2 bd/2 ba, open concept living room/kitchen/dining area, & a separate address & electric/gas meter. The property is situated on a premium size lot of approx. 8,000 Sq. Ft. with ample room to expand or build your dream home. The main house offers an abundance of natural light, charming windows and architectural features, inviting front porch, and indoor laundry area. The elegant living room offers a cozy fireplace; formal dining room has a new chandelier & a sliding glass door that opens to a spacious deck perfect for entertaining. The relaxing master bedroom offers a beautiful bay window with seating area. Newly professionally-landscaped front yard, a huge backyard, new exterior paint, & 2 separate driveways. Close to Downtown, & short drive to SFO Airport, Silicon Valley, SF, & East Bay.

Last Agent to Sell the Property

Frances Navarro

Legacy Real Estate & Associates License #01398249 Listed on: 09/10/2021

Last Buyer's Agent

Todd Fernandes

Intero Real Estate Services License #01344583

Intero Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,846

Year Built

  • 1939

Lot Details

  • 8,002 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • 1,280 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Bay Window
  • Living Room with Fireplace
  • Formal Dining Room
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Solid Surface Bathroom Countertops
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • No Garage
  • On-Street Parking
  • Uncovered Parking

Additional Homes

  • 861 SF Accessory Dwelling Unit
  • Accessory Dwelling Unit (ADU)

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,846

Year Built

1939

Lot Details

0

Listing Details

  • Zoning: RM0003
  • Subclass: Single Family Home
  • Style: Traditional
  • Age: 82
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 861
  • Structure Sq Ft: 1280
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1939

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Electric, Countertop - Tile, Dishwasher, Exhaust Fan, Oven Range - Electric, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1280
  • Stories: 1
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Shower And Tub, Solid Surface, Stall Shower, Tile, Tub

Exterior Features

  • Foundation: Crawl Space
  • Roof: Shingle
  • Fencing: Fenced
  • Construction Type: Wood

Garage/Parking

  • Garage Parking Features: No Garage, On Street, Uncovered Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Bay Window

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1837
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8000.00

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: Legal ADU

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2021
Closed on
Oct 28, 2021
Sold by
Lim Jane Yee and Lim Nancy Yee
Bought by
Zhang Tan and Leng Ning
Seller's Agent
Frances Navarro
Legacy Real Estate & Associates
Buyer's Agent
Todd Fernandes
Intero Real Estate Services
List Price
$12,999,888
Sold Price
$1,448,000
Premium/Discount to List
-$11,551,888
-88.86%
Current Estimated Value
$1,506,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,873
Avg. Annual Appreciation
1.04%
Original Mortgage
$937,500
Outstanding Balance
$858,614
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$648,259

Purchase Details

Closed on
Aug 4, 2021
Sold by
Chan Lim Oi-Ling
Bought by
Lim Family Trust

Purchase Details

Closed on
Nov 11, 2000
Sold by
Gain Lim and Ling Oi
Bought by
Lim Gain and Lim Oi Ling
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
Zhang Tan $1,448,000 Old Republic Title Company
Lim Family Trust -- --
Lim Gain -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Tan $937,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2021 11/02/21 Sold $1,448,000 +11.4% $1,131 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
09/10/2021 09/10/21 Price Changed $1,299,888 -90.0% $1,016 / Sq Ft
09/10/2021 09/10/21 For Sale $12,999,888 -- $10,156 / 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 $18,846 $1,350,000 $1,025,500 $324,500
2023 $18,846 $1,055,000 $801,000 $254,000
2022 $20,035 $1,448,000 $1,100,000 $348,000
2021 $2,117 $85,244 $27,128 $58,116
2020 $2,189 $84,371 $26,850 $57,521
2019 $2,025 $82,718 $26,324 $56,394
2018 $1,484 $81,097 $25,808 $55,289
2017 $1,316 $79,507 $25,302 $54,205
2016 $1,666 $77,949 $24,806 $53,143
2015 $1,356 $76,779 $24,434 $52,345
2014 $1,462 $75,276 $23,956 $51,320
Source: Public Records

Agents Affiliated with this Home

  • Frances Navarro

    Seller's Agent in 2021

    Frances Navarro

    Legacy Real Estate & Associates

    (510) 449-2143

    1 in this area

    37 Total Sales

    Frances Navarro
    Section Image
  • Todd Fernandes

    Buyer's Agent in 2021

    Todd Fernandes

    Intero Real Estate Services

    (408) 888-8711

    2 in this area

    71 Total Sales

    Todd Fernandes
    Section Image
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Map

Source: MLSListings

MLS Number: ML81862129

MLSListings

APN: 033-043-120

California San Mateo County San Mateo 94401 North Central

742 Indian Ave, San Mateo, CA

This home is located at 742 Indian Ave, San Mateo, CA 94401 since 10 September 2021 and is currently estimated at $1,506,873, approximately $1,177 per square foot. This property was built in 1939. 742 Indian Ave is a home located in San Mateo County with nearby schools including Highlands Elementary School, Borel Middle School, and San Mateo High School.

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