$940,000
SOLD JAN 30, 2014
5 Beds
-- Bath
2,455 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$383 Per Sq Ft

4% Below List Price

44 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Neighborhood Views
  • Borel Middle School Rated A-

About This Home

As of June 2017

Great Income property-currently below market rent. Beautiful Spanish Style duplex. Detached workshop included. Located near 101, 92 and 280, CalTrans and SFO. Walk to restaurants, Safeway, CVS, Starbucks, Grade School and High School.

Last Agent to Sell the Property

Azmie Madanat

Real Estate Source, Inc. License #01223868 Listed on: 08/23/2013

Last Buyer's Agent

Mansour Moussavian

Compass License #01783065

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,667

Year Built

  • 1927

Parking

  • Covered Parking

Home Design

  • Duplex
  • Tar and Gravel Roof

Interior Spaces

  • 2,455 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $50,400
  • The owner pays for water

Community Details

Overview

  • 2,455 Sq Ft Building

Building Details

  • Insurance Expense $1,000
  • Other Expense $257
  • Operating Expense $11,890
  • Gross Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,667

Year Built

1927

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 87
  • Sale Price Per Sq Ft: 382.89
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2455
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1927

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Varies By Unit, Refrigerator
  • Living Sq Ft: 2455
  • Stories: 2
  • Security: Fire System - Sprinkler, Fire Alarm
  • Laundry: Washer/Dryer - All Units, Laundry Area - In All Units
  • Flooring: Hardwood

Exterior Features

  • Roof: Tar And Gravel
  • View: Local/Neighborhood
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Common Parking Area

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6251.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6251.00
  • Lot Size Area Min Search: 6251.00
  • Maximum Lot Size: 6251.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.42

Multi Family

  • Expense Insurance: 1000
  • Expenses Other: 257
  • Expenses Total: 11890
  • Expense Water Sewer: 500
  • Income Annual Gross: 50400.00
  • Income Annual Rental: 50400
  • Income Gross Scheduled: 50400
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax
  • Owner Pays: Water
  • Tenant Expenses: Utilities - Gas, Utilities - Hot Water, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2021
Sold by
Ngai Anthony and Tsang Jennifer
Bought by
Ngai Anthony and Tsang Jennifer
Current Estimated Value
$2,305,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$908,000
Outstanding Balance
$815,805
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,467,926

Purchase Details

Listed on
May 5, 2017
Closed on
May 26, 2017
Sold by
Witherspoon Eric B and Witherspoon Elizabeth R
Bought by
Ngai Anthony and Tsang Jennifer
Seller's Agent
Mansour Moussavian
Compass
Buyer's Agent
Trevor Leung
Golden Gate Sotheby's International Realty
List Price
$1,425,000
Sold Price
$1,848,000
Premium/Discount to List
$423,000
29.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.59%

Purchase Details

Listed on
Aug 23, 2013
Closed on
Jan 24, 2014
Sold by
Zeidan Kevin and The Baheyya Zeidan Living Trus
Bought by
Witherspoon Eric B and Witherspoon Elizabeth R
Seller's Agent
Azmie Madanat
Real Estate Source, Inc.
Buyer's Agent
Mansour Moussavian
Compass
List Price
$979,000
Sold Price
$940,000
Premium/Discount to List
-$39,000
-3.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.43%
Original Mortgage
$752,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2002
Sold by
Zeidan Baheyya and Zeidan Baheyya N
Bought by
Zeidan Baheyya and Baheyya Zeidan Living Trust

Purchase Details

Closed on
Sep 12, 2001
Sold by
Ryan Gerald J
Bought by
Zeidan Baheyya N and Zeidan Kevin W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,000
Interest Rate
6.99%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $1,848,000 Old Republic Title Company
Grant Deed $940,000 Old Republic Title Company
Interfamily Deed Transfer -- --
Grant Deed $471,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $908,000 New Conventional
Closed $925,000 New Conventional
Previous Owner $752,000 New Conventional
Previous Owner $120,000 Credit Line Revolving
Previous Owner $565,000 Purchase Money Mortgage
Previous Owner $569,000 Seller Take Back
Previous Owner $100,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2017 06/02/17 Sold $1,848,000 +29.7% $753 / Sq Ft
05/17/2017 05/17/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $1,425,000 +51.6% $580 / Sq Ft
01/30/2014 01/30/14 Sold $940,000 -4.0% $383 / Sq Ft
10/06/2013 10/06/13 Pending -- -- --
08/23/2013 08/23/13 For Sale $979,000 -- $399 / 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 $26,667 $2,144,756 $1,398,502 $746,254
2023 $26,667 $2,061,475 $1,344,198 $717,277
2022 $26,003 $2,021,055 $1,317,842 $703,213
2021 $25,666 $1,981,427 $1,292,002 $689,425
2020 $24,104 $1,961,111 $1,278,755 $682,356
2019 $23,717 $1,922,659 $1,253,682 $668,977
2018 $22,887 $1,884,960 $1,229,100 $655,860
2017 $12,798 $992,868 $496,434 $496,434
2016 $12,304 $973,400 $486,700 $486,700
2015 $11,912 $958,780 $479,390 $479,390
2014 $9,829 $806,212 $602,553 $203,659
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81331290

MLSListings

APN: 032-133-140