NOT LISTED FOR SALE

801 Laurel Ave Belmont, CA 94002

Antique Forest Homes Neighborhood

Estimated Value: $1,792,000 - $2,827,000

4 Beds
4 Baths
3,792 Sq Ft
$619/Sq Ft Est. Value

Last Sold October 27, 2014

Last sale price $1,290,500 $340 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $13,922/month

49 Days on Market

Highlights

  • City Lights View
  • Tile Flooring
  • 5-minute walk to Twin Pines Park
  • Ralston Intermediate School Rated A
  • 1-Story Property

About This Home

As of October 2014

Great Opportunity to own Fourplex in Belmont -- All one bedroom one bath units, carport, vintage condition --- good revenue stream --- LOCATION, LOCATION, LOCATION ---

Last Agent to Sell the Property

Patty Dwyer Group

Coldwell Banker Realty License #70010007 Listed on: 07/18/2014

Coldwell Banker Realty

Last Buyer's Agent

Ignatio Monahelis

Select Properties License #01413644

Property Details

Home Type

  • Multi-Family

Year Built

  • 1952

Lot Details

  • Lot Sloped Down

Parking

  • Carport

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Quadruplex
  • Tar and Gravel Roof

Interior Spaces

  • 3,792 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $67,200
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 3,792 Sq Ft Building

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $1,950
  • Maintenance Expense $2,500
  • Other Expense $1,350
  • Utility Expense $375
  • Trash Expense $1,350
  • Operating Expense $25,561
  • Gross Income $67,200

Property Details

Home Type

Multi-Family

Year Built

1952

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Inspections Reports: Geological/Flood, Pest Control, Property Inspection
  • Sale Price Per Sq Ft: 340.32
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3792
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3792
  • Stories: 1
  • Laundry: Washer/Dryer - Owned Coin-Op
  • Flooring: Carpet - Area, Tile, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Tar And Gravel
  • View: Local/Neighborhood, City Lights

Garage/Parking

  • Garage Parking Features: Carport, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Storage Locker

Lot Info

  • Lot Description: Grade - Sloped Down
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8300.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 8300.00
  • Lot Size Area Min Search: 8300.00
  • Maximum Lot Size: 8300.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, 1 Year Lease
  • Gross Rent Multiplier: 22.14

Multi Family

  • Expense Insurance: 1950
  • Expense Landscape: 1200
  • Expense Maintenance: 2500
  • Expenses Other: 1350
  • Expenses Total: 25561
  • Expenses Utility: 375
  • Expense Trash: 1350
  • Expense Water Sewer: 1500
  • Income Annual Gross: 67200.00
  • Income Annual Rental: 67200
  • Income Gross Scheduled: 67200
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Insurance, Fee - License/Advertising, Maintenance - Repair, Fee - Property Tax, Utilities - Electric
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2022
Sold by
Darrow Paul J
Bought by
Darrow Family Trust
Current Estimated Value
$2,346,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,393
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 18, 2014
Closed on
Oct 17, 2014
Sold by
Darrow Paul J and Darrow Laura
Bought by
Bisson Family Trust
Seller's Agent
Patty Dwyer Group
Coldwell Banker Realty
Buyer's Agent
Ignatio Monahelis
Select Properties
List Price
$1,488,000
Sold Price
$1,290,500
Premium/Discount to List
-$197,500
-13.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$695,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 18, 2014
Closed on
Oct 16, 2014
Sold by
Pisani Tony G and Pisani Carmen J
Bought by
Darrow Paul J and Darrow Laura
Seller's Agent
Patty Dwyer Group
Coldwell Banker Realty
Buyer's Agent
Ignatio Monahelis
Select Properties
List Price
$1,488,000
Sold Price
$1,290,500
Premium/Discount to List
-$197,500
-13.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 18, 2014
Closed on
Oct 14, 2014
Sold by
Pisani Tony G and Pisani Carmen J
Bought by
Pisanian Tony G and Pisanian Carmen J
Seller's Agent
Patty Dwyer Group
Coldwell Banker Realty
Buyer's Agent
Ignatio Monahelis
Select Properties
List Price
$1,488,000
Sold Price
$1,290,500
Premium/Discount to List
-$197,500
-13.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2007
Sold by
Pisani Tony and Pisani Carmen
Bought by
Pisani Tony G and Pisani Carmen J

Purchase Details

Closed on
Oct 20, 2003
Sold by
Sarkissian Vachik and Sarkissian Christine Jean
Bought by
Pisani Tony and Pisani Carmen

Purchase Details

Closed on
Oct 25, 2000
Sold by
Messner Peter
Bought by
Sarkissian Vachik and Sarkissian Christine Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$743,750
Interest Rate
7.82%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Darrow Family Trust -- Manfred & Hunt Llp
Darrow Paul J -- Manfred & Hunt Llp
Bisson Family Trust -- Chicago Title Company
Darrow Paul J $1,290,500 Chicago Title Company
Pisanian Tony G -- Chicago Title Company
Pisani Tony G -- None Available
Pisani Tony -- Fidelity National Title
Sarkissian Vachik $850,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Darrow Paul J $413,393
Previous Owner Darrow Paul J $695,000
Previous Owner Sarkissian Vachik $743,750
Closed Sarkissian Vachik $42,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2014 10/27/14 Sold $1,290,500 -13.3% $340 / Sq Ft
09/05/2014 09/05/14 Pending -- -- --
07/18/2014 07/18/14 For Sale $1,488,000 -- $392 / Sq Ft
Source: MLSListings

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 $22,139 $1,550,978 $775,489 $775,489
2023 $22,139 $1,490,754 $745,377 $745,377
2022 $20,519 $1,461,524 $730,762 $730,762
2021 $20,264 $1,432,868 $716,434 $716,434
2020 $19,962 $1,418,176 $709,088 $709,088
2019 $19,543 $1,390,370 $695,185 $695,185
2018 $19,042 $1,363,108 $681,554 $681,554
2017 $18,591 $1,336,382 $668,191 $668,191
2016 $17,945 $1,310,180 $655,090 $655,090
2015 $18,012 $1,290,500 $645,250 $645,250
2014 $15,662 $1,119,231 $823,478 $295,753
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2014

    Patty Dwyer Group

    Coldwell Banker Realty

    Section Image

  • I

    Buyer's Agent in 2014

    Ignatio Monahelis

    Select Properties

    (925) 551-3040

    1 Total Sale

    Ignatio Monahelis
    Section Image
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Map

Source: MLSListings

MLS Number: ML81426098

MLSListings

APN: 045-161-170

California San Mateo County Belmont 94002 Antique Forest Homes

801 Laurel Ave, Belmont, CA

Not Listed for Sale

MultiFamily

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