NOT LISTED FOR SALE

770 Chestnut St San Carlos, CA 94070

Howard Park Neighborhood

Estimated Value: $3,783,000 - $4,607,000

8 Beds
9 Baths
5,930 Sq Ft
$707/Sq Ft Est. Value

Last Sold July 05, 2019

Last sale price $3,200,000 $540 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $26,535/month

About This Home

As of July 2019

This home is located at 770 Chestnut St, San Carlos, CA 94070 since 05 July 2019 and is currently estimated at $4,195,000, approximately $707 per square foot. This property was built in 1969. 770 Chestnut St is a home located in San Mateo County with nearby schools including Brittan Acres Elementary School, Central Middle School, and Sequoia High School.

Last Agent to Sell the Property

Reza Adineh

EXIT Realty Consultants License #01783780 Listed on: 07/05/2019

EXIT Realty Consultants

Last Buyer's Agent

Samira Chalhoub

Keller Williams Palo Alto License #01137335

Keller Williams Palo Alto

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $44,140

Year Built

  • 1969

Lot Details

  • 8,281 Sq Ft Lot

Parking

  • 6 Carport Spaces

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,930 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $153,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,800
  • Maintenance Expense $2,500
  • Utility Expense $900
  • Trash Expense $895
  • Operating Expense $19,962
  • Gross Income $153,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$44,140

Year Built

1969

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 50
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5930
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Living Sq Ft: 5930
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 6

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1901
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8280.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8280.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 20.92
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Gas Meters, Natural Gas
  • Expense Insurance: 1800
  • Expense Maintenance: 2500
  • Expenses Total: 19962
  • Expenses Utility: 900
  • Expense Trash: 895
  • Income Annual Gross: 153000.00
  • Income Annual Rental: 153000
  • Income Gross Scheduled: 153000
  • Income Includes: Rents
  • Meters: Master Gas, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2019
Sold by
Slightham Jr Fed J
Bought by
Slightham Fred J and Slightham Family Trust
Current Estimated Value
$4,195,000

Purchase Details

Listed on
Jul 5, 2019
Closed on
Jul 1, 2019
Sold by
May Georgia Ann and Adineh Georgia An
Bought by
Adineh Iraj
Seller's Agent
Reza Adineh
EXIT Realty Consultants
Buyer's Agent
Samira Chalhoub
Keller Williams Palo Alto
List Price
$3,200,000
Sold Price
$3,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.50%
Original Mortgage
$1,900,000
Outstanding Balance
$1,670,680
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$2,524,320

Purchase Details

Listed on
Jul 5, 2019
Closed on
Jun 1, 2019
Sold by
Adineh Iraj
Bought by
Slightam Fred J
Seller's Agent
Reza Adineh
EXIT Realty Consultants
Buyer's Agent
Samira Chalhoub
Keller Williams Palo Alto
List Price
$3,200,000
Sold Price
$3,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Outstanding Balance
$1,670,680
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$2,524,320

Purchase Details

Closed on
Jul 9, 2012
Sold by
Fahri Andre and Fehri Jolanta
Bought by
Adineh Iraj

Purchase Details

Closed on
Sep 29, 2006
Sold by
Moulin Gerald R and Moulin Kathleen E
Bought by
Fahri Andre K and Fahri Jolanta I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
8.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 15, 2006
Sold by
Adineh Georgia An
Bought by
Adineh Iraj

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
8.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 5, 2006
Sold by
Moulin Gerald R and Moulin Kathleen E
Bought by
Moulin Gerald R and Moulin Kathleen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
8.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 3, 2004
Sold by
Moulin Gerald R and Moulin Kathleen E
Bought by
Moulin Gerald R and Moulin Kathleen E
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
Slightham Fred J -- None Available
Adineh Iraj -- Old Republic Title Co
Slightam Fred J $3,200,000 Old Republic Title Company
Adineh Iraj -- None Available
Fahri Andre K $1,350,000 First American Title Company
Adineh Iraj -- First American Title Company
Moulin Gerald R -- None Available
Moulin Gerald R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slightam Fred J $1,900,000
Previous Owner Fahri Andre K $945,000
Previous Owner Adineh Iraj $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2019 07/05/19 Sold $3,200,000 0.0% $540 / Sq Ft
07/05/2019 07/05/19 Pending -- -- --
07/05/2019 07/05/19 For Sale $3,200,000 -- $540 / 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 $44,140 $3,499,663 $1,968,561 $1,531,102
2023 $44,140 $3,363,769 $1,892,120 $1,471,649
2022 $41,517 $3,297,814 $1,855,020 $1,442,794
2021 $40,905 $3,233,152 $1,818,648 $1,414,504
2020 $40,429 $3,200,000 $1,800,000 $1,400,000
2019 $22,377 $1,583,424 $791,712 $791,712
2018 $21,774 $1,552,378 $776,189 $776,189
2017 $21,413 $1,521,940 $760,970 $760,970
2016 $20,913 $1,492,100 $746,050 $746,050
2015 $20,849 $1,469,690 $734,845 $734,845
2014 $20,148 $1,440,904 $720,452 $720,452
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Reza Adineh

    EXIT Realty Consultants

    Section Image
  • Samira Chalhoub

    Buyer's Agent in 2019

    Samira Chalhoub

    Keller Williams Palo Alto

    (650) 619-7117

    27 Total Sales

    Samira Chalhoub
    Section Image
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Map

Source: MLSListings

MLS Number: ML81759340

MLSListings

APN: 050-141-300

California San Mateo County San Carlos 94070 Howard Park

770 Chestnut St, San Carlos, CA

This home is located at 770 Chestnut St, San Carlos, CA 94070 since 05 July 2019 and is currently estimated at $4,195,000, approximately $707 per square foot. This property was built in 1969. 770 Chestnut St is a home located in San Mateo County with nearby schools including Brittan Acres Elementary School, Central Middle School, and Sequoia High School.

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