NOT LISTED FOR SALE

812 Jefferson Ct San Mateo, CA 94401

North Central Neighborhood

Estimated Value: $2,148,000 - $2,474,602

4 Beds
4 Baths
2,450 Sq Ft
$967/Sq Ft Est. Value

Last Sold July 16, 2015

Last sale price $1,670,000 $682 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $15,415/month

16 Days on Market

About This Home

As of July 2015

Marcus and Millichap is pleased to present, as the exclusive listing agent, the opportunity to acquire 812 Jefferson Court, a 4-unit multi-family building located in San Mateo, CA. Additionally, The property includes a nonconforming studio unit. 812 Jefferson represents a rare opportunity to acquire a residential asset in the Bay Area's Mid-Peninsula market, which is one of the strongest rental markets in the country.

Last Agent to Sell the Property

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 03/12/2015

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,552

Year Built

  • 1922

Lot Details

  • 8,320 Sq Ft Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,450 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • 6 Carport Spaces

Utilities

  • Wall Furnace
  • Separate Meters
  • Community Sewer or Septic

Listing and Financial Details

  • Total Actual Rent $74,100

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,225
  • Insurance Expense $1,650
  • Maintenance Expense $2,000
  • Other Expense $400
  • Utility Expense $5,000
  • Trash Expense $2,412
  • Operating Expense $33,706
  • Gross Income $73,041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,552

Year Built

1922

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Fourplex
  • Age: 93
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2450
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1922

Interior Features

  • Living Sq Ft: 2450
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle, Tar And Gravel

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport, Common Parking Area
  • Carport Min: 6

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Community Sewer / Septic

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1910
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8313.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8313.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.25
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1650
  • Expense Landscape: 1225
  • Expense Maintenance: 2000
  • Expenses Other: 400
  • Expenses Total: 33706
  • Expenses Utility: 5000
  • Expense Trash: 2412
  • Income Annual Gross: 73041.00
  • Income Annual Rental: 74100
  • Income Gross Scheduled: 75300
  • Income Includes: Coin Operated Equip
  • Income Other: 1200
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Supplies, Utilities - Electric, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2015
Closed on
Jul 9, 2015
Sold by
Tam John and Lee Lana
Bought by
Akkaya Cihan and Akkaya Sherife
Seller's Agent
Robert Johnston
Marcus & Millichap
Buyer's Agent
RECIP
Out of Area Office
List Price
$1,525,000
Sold Price
$1,670,000
Premium/Discount to List
$145,000
9.51%
Current Estimated Value
$2,377,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$707,109
Avg. Annual Appreciation
3.58%
Original Mortgage
$957,000
Outstanding Balance
$750,118
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$1,631,046

Purchase Details

Listed on
Mar 12, 2015
Closed on
Jun 18, 2015
Sold by
Tam John
Bought by
Tam John
Seller's Agent
Robert Johnston
Marcus & Millichap
Buyer's Agent
RECIP
Out of Area Office
List Price
$1,525,000
Sold Price
$1,670,000
Premium/Discount to List
$145,000
9.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$957,000
Outstanding Balance
$750,118
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$1,631,046

Purchase Details

Closed on
Nov 1, 2005
Sold by
Tam John and Lee Lana
Bought by
Tam John and Lee Lana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.31%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 4, 2005
Sold by
Calabrese Joel M
Bought by
Tam John and Lee Lana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$747,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Akkaya Cihan $1,670,000 Chicago Title Company
Tam John -- None Available
Tam John -- Chicago Title Company
Tam John $1,150,000 Chicago Title Co
Tam Kee Fong -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akkaya Cihan $957,000
Previous Owner Tam John $250,000
Previous Owner Tam Kee Fong $747,500
Previous Owner Calabrese Joel M $322,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2015 07/16/15 Sold $1,670,000 +9.5% $682 / Sq Ft
03/28/2015 03/28/15 Pending -- -- --
03/12/2015 03/12/15 For Sale $1,525,000 -- $622 / 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 $29,552 $1,790,000 $1,072,000 $718,000
2023 $29,552 $1,780,000 $1,065,869 $714,131
2022 $28,305 $1,862,913 $1,115,517 $747,396
2021 $29,475 $1,826,387 $1,093,645 $732,742
2020 $26,972 $1,807,661 $1,082,432 $725,229
2019 $24,533 $1,772,217 $1,061,208 $711,009
2018 $22,769 $1,737,468 $1,040,400 $697,068
2017 $21,611 $1,703,400 $1,020,000 $683,400
2016 $20,340 $1,670,000 $1,000,000 $670,000
2015 $22,798 $1,307,622 $653,811 $653,811
2014 $18,109 $1,282,008 $641,004 $641,004
Source: Public Records

Agents Affiliated with this Home

  • Robert Johnston

    Seller's Agent in 2015

    Robert Johnston

    Marcus & Millichap

    (510) 304-8077

    3 in this area

    138 Total Sales

    Section Image

  • R

    Buyer's Agent in 2015

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81454776

MLSListings

APN: 032-115-170

California San Mateo County San Mateo 94401 North Central

812 Jefferson Ct, San Mateo, CA

This home is located at 812 Jefferson Ct, San Mateo, CA 94401 since 12 March 2015 and is currently estimated at $2,368,901, approximately $966 per square foot. This property was built in 1922. 812 Jefferson Ct is a home located in San Mateo County with nearby schools including San Mateo Park Elementary, Borel Middle School, and San Mateo High School.

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