NOT LISTED FOR SALE

8 Seville Way San Mateo, CA 94402

Hayward Park Neighborhood

Estimated Value: $3,337,000 - $4,596,344

6 Beds
5 Baths
5,598 Sq Ft
$735/Sq Ft Est. Value

Last Sold December 18, 2019

Last sale price $3,500,000 $625 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $25,385/month

55 Days on Market

Highlights

  • 2 Car Attached Garage
  • Baywood Elementary School Rated A
  • Forced Air Heating System

About This Home

As of December 2019

Nothing else like this. Beyond trophy asset in fantastic west of El Camino location surrounded by multi-million dollar homes. Impeccably maintained. Could be the ideal family compound. Three over the top, absolutely massive, charming, period and style correct units that are like high end homes. Incredible craftsmanship and unheard of layouts/floor plans. Gorgeous Mediterranean style exterior, clay tile roof, courtyard and manicured gardens. Units 10 & 12 feature fireplaces, high exposed wood beam ceilings with artistic hand painted accents, hardwood floors, makeup/phone nook,living and dining rooms. Unit 10 is 2 bed/2bath. Unit 12 is 2 bed/1 bath. Unit 8 has 9' ceilings and is townhouse style with 2 bedroom + murphy bed in living room and 2 bathrooms. All units have laundry rooms. 3 car garage at back of property. Copper plumbing throughout. New electrical main panel as well new electrical subpanels.

Last Agent to Sell the Property

Steve Zirelli

Cornish & Carey Commercial License #01929245 Listed on: 08/12/2019

Last Buyer's Agent

Matthew Thomson

Newmark Cornish & Carey License #01471708

Newmark Cornish & Carey

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $46,165

Year Built

  • 1937

Lot Details

  • 8,289 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Triplex
  • Clay Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,598 Sq Ft Home
  • 2-Story Property

Utilities

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

Listing and Financial Details

  • Total Actual Rent $144,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $3,600
  • Insurance Expense $1,800
  • Maintenance Expense $1,500
  • Utility Expense $1,680
  • Trash Expense $432
  • Operating Expense $56,490
  • Gross Income $136,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$46,165

Year Built

1937

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10000
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5598
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1937

Interior Features

  • Living Sq Ft: 5598
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Clay

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

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

Lot Info

  • Lot Acres: 0.1903
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8288.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8288.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 27.74
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1800
  • Expense Landscape: 3600
  • Expense Maintenance: 1500
  • Expenses Total: 56490
  • Expenses Utility: 1680
  • Expense Trash: 432
  • Income Annual Gross: 136800.00
  • Income Annual Rental: 144000
  • Income Gross Scheduled: 144000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2019
Closed on
Oct 28, 2019
Sold by
Cornell Suzanne and The Suzanne Cornell Trust
Bought by
Nazareth Llc
Seller's Agent
Steve Zirelli
Cornish & Carey Commercial
Buyer's Agent
Matthew Thomson
Newmark Cornish & Carey
List Price
$3,995,000
Sold Price
$3,500,000
Premium/Discount to List
-$495,000
-12.39%
Current Estimated Value
$4,114,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$614,836
Avg. Annual Appreciation
2.80%
Original Mortgage
$450,000
Outstanding Balance
$402,666
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$3,712,170

Purchase Details

Closed on
Jan 29, 2015
Sold by
Cornell Suzanne
Bought by
Cornell Suzanne

Purchase Details

Listed on
Dec 9, 2013
Closed on
Nov 25, 2013
Sold by
Bianchina Richard G and Lindstrom Judith Ann Bianchina
Bought by
Cornell Suzanne
Seller's Agent
Miriam Chirko
Coldwell Banker Realty
Buyer's Agent
Nonnie Dinges
Golden Gate Sotheby's International Realty
List Price
$2,500,000
Sold Price
$2,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.28%

Purchase Details

Closed on
Sep 16, 2011
Sold by
Bianchina Richard G and Bianchina Judith Ann
Bought by
Bianchina Richard G and Lindstrom Judith Ann Bianchina

Purchase Details

Closed on
Dec 6, 1994
Sold by
Bianchina Dolores B and Bianchina Richard G
Bought by
Bianchina Dolores B and Bianchina Richard G
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
Nazareth Llc $3,500,000 First American Title Company
Cornell Suzanne -- None Available
Cornell Suzanne -- None Available
Cornell Suzanne $2,500,000 First American Title Company
Bianchina Richard G -- None Available
Bianchina Richard G -- None Available
Bianchina Dolores B -- --
Bianchina Dolores B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nazareth Llc $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2019 12/18/19 Sold $3,500,000 -12.4% $625 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
08/12/2019 08/12/19 For Sale $3,995,000 0.0% $714 / Sq Ft
12/19/2016 12/19/16 Rented $3,300 0.0% --
06/01/2016 06/01/16 For Rent $3,300 0.0% --
12/09/2013 12/09/13 Sold $2,500,000 0.0% $447 / Sq Ft View Prior Sale
12/09/2013 12/09/13 Pending -- -- --
12/09/2013 12/09/13 For Sale $2,500,000 -- $447 / 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 $46,165 $3,827,757 $1,203,008 $2,624,749
2023 $46,165 $3,679,123 $1,156,295 $2,522,828
2022 $45,744 $3,606,984 $1,133,623 $2,473,361
2021 $44,057 $3,536,260 $1,111,396 $2,424,864
2020 $41,704 $3,500,000 $1,100,000 $2,400,000
2019 $32,750 $2,747,292 $1,373,646 $1,373,646
2018 $32,836 $2,693,424 $1,346,712 $1,346,712
2017 $30,531 $2,640,612 $1,320,306 $1,320,306
2016 $30,686 $2,588,836 $1,294,418 $1,294,418
2015 $29,561 $2,549,950 $1,274,975 $1,274,975
2014 $29,267 $2,500,000 $1,250,000 $1,250,000
Source: Public Records

Agents Affiliated with this Home

  • Steve Zirelli

    Seller's Agent in 2019

    Steve Zirelli

    Cornish & Carey Commercial

    (650) 688-8508

    2 in this area

    37 Total Sales

    Steve Zirelli
    Section Image

  • M

    Buyer's Agent in 2019

    Matthew Thomson

    Newmark Cornish & Carey

    Section Image

  • M

    Seller's Agent in 2016

    Michelle Bodley

    Compass

    Section Image

  • M

    Seller's Agent in 2013

    Miriam Chirko

    Coldwell Banker Realty

    Section Image

  • N

    Buyer's Agent in 2013

    Nonnie Dinges

    Golden Gate Sotheby's International Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81764184

MLSListings

APN: 034-261-200

California San Mateo County San Mateo 94401 Hayward Park

8 Seville Way, San Mateo, CA

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