NOT LISTED FOR SALE

Estimated Value: $858,000 - $1,165,000

3 Beds
2 Baths
1,122 Sq Ft
$936/Sq Ft Est. Value

Last Sold March 25, 2020

Last sale price $795,000 $709 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,733/month

12 Days on Market

Highlights

  • 2 Car Detached Garage
  • 1-Story Property
  • 1-minute walk to 7th Ave and Walnut Park
  • Capuchino High School Rated A-

About This Home

As of March 2020

DUPLEX - Incredible value! 2 very clean & bright units w/separate meters, enclosed garage, in-unit laundry, double pane windows, skylights & more! Good neighborhood w/mainly single family homes surrounding & plenty of sunshine. Rear unit is perfect for owner occupant w/large family/sun room & sheltered - private yard/patio. This is a must see w/both units rented with month to month leases.

Last Agent to Sell the Property

Stephen Marshall

Compass License #01487186 Listed on: 02/06/2020

Compass

Co-Listed By

John Marshall

Omarshall, Inc License #02040161

Last Buyer's Agent

Stephen Marshall

Compass License #01487186 Listed on: 02/06/2020

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,131

Year Built

  • 1959

Lot Details

  • 2,500 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Slab Foundation

Interior Spaces

  • 1,122 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $49,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Operating Expense $7,575
  • Gross Income $49,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,131

Year Built

1959

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10006
  • Subclass: Duplex
  • Age: 61
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1122
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 1122
  • Stories: 1
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Slab

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.0574
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.37
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 7575
  • Income Annual Gross: 49800.00
  • Income Annual Rental: 49800
  • Income Gross Scheduled: 49800
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Loan - Mortgage
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2021
Sold by
Lam Man Kit
Bought by
Lam Man Kit and Carnation Family Trust
Current Estimated Value
$1,050,052

Purchase Details

Listed on
Feb 6, 2020
Closed on
Mar 20, 2020
Sold by
Lee Lok Shan
Bought by
Lam Man Kit
Seller's Agent
Stephen Marshall
Compass
Buyer's Agent
Stephen Marshall
Compass
List Price
$899,000
Sold Price
$795,000
Premium/Discount to List
-$104,000
-11.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.28%
Original Mortgage
$550,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 6, 2020
Closed on
Mar 13, 2020
Sold by
Kimbal David J and Kimbal Birttni L
Bought by
Lam Man Kit
Seller's Agent
Stephen Marshall
Compass
Buyer's Agent
Stephen Marshall
Compass
List Price
$899,000
Sold Price
$795,000
Premium/Discount to List
-$104,000
-11.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2016
Sold by
Kimball David J and Kimball Brittni L
Bought by
Kimball David J and Kimball Brittni L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 29, 2014
Closed on
Nov 21, 2014
Sold by
Simms Tina
Bought by
Kimball David J and Marshall Brittni L
Seller's Agent
Philip Watson
Coldwell Banker Realty
Buyer's Agent
Stephen Marshall
Coldwell Banker Realty
List Price
$549,800
Sold Price
$510,000
Premium/Discount to List
-$39,800
-7.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%
Original Mortgage
$408,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2008
Sold by
Ingenthron La Vonne J
Bought by
Simms Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2002
Sold by
Homan Mabel M and Justice Mabel
Bought by
Homan Mabel M and Ingenthron La Vonne J
Source: Public Records

Range of Values:

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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
Lam Man Kit -- None Available
Lam Man Kit -- Cornerstone Title Company
Lam Man Kit $790,000 Cornerstone Title Company
Kimball David J -- First American Title Company
Kimball David J $510,000 North American Title Co Inc
Simms Tina $450,000 Fidelity National Title Co
Homan Mabel M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Man Kit $551,400
Closed Lam Man Kit $550,000
Previous Owner Kimball David J $407,000
Previous Owner Kimball David J $408,000
Previous Owner Simms Tina $368,432
Previous Owner Simms Tina $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2020 03/25/20 Sold $795,000 -8.1% $709 / Sq Ft
02/19/2020 02/19/20 Pending -- -- --
02/17/2020 02/17/20 Price Changed $865,000 -3.8% $771 / Sq Ft
02/06/2020 02/06/20 For Sale $899,000 +76.3% $801 / Sq Ft
11/26/2014 11/26/14 Sold $510,000 -7.2% $455 / Sq Ft
09/27/2014 09/27/14 Pending -- -- --
08/29/2014 08/29/14 For Sale $549,800 -- $490 / 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 $12,131 $863,977 $628,845 $235,132
2023 $12,131 $830,429 $604,427 $226,002
2022 $9,055 $814,147 $592,576 $221,571
2021 $8,940 $798,184 $580,957 $217,227
2020 $6,305 $560,452 $280,226 $280,226
2019 $6,203 $549,464 $274,732 $274,732
2018 $5,896 $538,692 $269,346 $269,346
2017 $5,833 $528,130 $264,065 $264,065
2016 $5,713 $517,776 $258,888 $258,888
2015 $5,638 $510,000 $255,000 $255,000
2014 $5,256 $472,720 $236,360 $236,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81781610

MLSListings

APN: 020-156-140