NOT LISTED FOR SALE

Estimated Value: $1,490,000 - $1,859,597

2 Beds
2 Baths
1,980 Sq Ft
$830/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $1,300,000 $657 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $10,838/month

Highlights

  • 2 Car Attached Garage
  • Washer and Dryer
  • 1-Story Property
  • Borel Middle School Rated A-

About This Home

As of July 2021

Great investment property. Walking distance to downtown Burlingame or San Mateo. Wonderful neighborhood. Live in one and rent out the other! Light, bright and spacious. Back unit all new windows, new appliances, new paint, and new laminate floors. The front unit rented currently at $2300 per month and the lease is up in November. The back unit is empty and has the potential to expand. Both units have gardens and both units have separate garages and separate huge laundry rooms. Yard has recently been landscaped.

Last Agent to Sell the Property

Trish Power

Compass License #01972237 Listed on: 07/06/2021

Compass

Last Buyer's Agent

Kateryna Davydova

Compass License #01971915

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,484

Year Built

  • 1948

Lot Details

  • 6,652

Parking

  • 2 Car Attached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,980 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave

Additional Features

  • 6,652 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $27,600

Community Details

Overview

  • 1,980 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,200
  • Insurance Expense $1,023
  • Manager Expense $2,484
  • Operating Expense $12,707
  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,484

Year Built

1948

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 73
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Kitchen: Cooktop - Gas, Microwave, Oven - Gas, Pantry
  • Living Sq Ft: 1980
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Laminate

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • School District: San Mateo Union High
  • High School: San Mateo High
  • High School: 672

Lot Info

  • Lot Acres: 0.1527
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6650.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6650.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 47.10
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1023
  • Expense Landscape: 1200
  • Expense Management: 2484
  • Expenses Total: 12707
  • Income Annual Gross: 27600.00
  • Income Annual Rental: 27600
  • Income Gross Scheduled: 27600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Jul 9, 2021
Sold by
Burgess Carolyn M and Carolyn M Burgess Living Trust
Bought by
Subba Aruna and The Jackson And Subba Family T
Seller's Agent
Trish Power
Compass
Buyer's Agent
Kateryna Davydova
Compass
List Price
$1,300,000
Sold Price
$1,300,000
Current Estimated Value
$1,642,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,649
Avg. Annual Appreciation
5.80%

Purchase Details

Closed on
Oct 7, 2010
Sold by
Burgess Carolyn M
Bought by
Burgess Carolyn M

Purchase Details

Closed on
Dec 10, 2009
Sold by
Burgess Carolyn M
Bought by
Burgess Carolyn M

Purchase Details

Closed on
Aug 8, 1996
Sold by
Mullins Cornelius M
Bought by
Mullins Cornelius M and Mullins Dorothea
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
Subba Aruna $1,300,000 Lawyers Title Company
Burgess Carolyn M -- None Available
Burgess Carolyn M -- None Available
Mullins Cornelius M -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2021 07/14/21 Sold $1,300,000 0.0% $657 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $1,300,000 -- $657 / 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 $23,484 $1,650,889 $1,008,147 $642,742
2023 $23,484 $1,326,000 $969,000 $357,000
2022 $17,275 $1,300,000 $950,000 $350,000
2021 $11,161 $749,500 $374,750 $374,750
2020 $10,504 $741,816 $370,908 $370,908
2019 $10,023 $727,272 $363,636 $363,636
2018 $9,501 $713,012 $356,506 $356,506
2017 $8,761 $699,032 $349,516 $349,516
2016 $8,618 $685,326 $342,663 $342,663
2015 $8,419 $675,032 $337,516 $337,516
2014 $8,297 $661,810 $330,905 $330,905
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81852014

MLSListings

APN: 032-133-200