NOT LISTED FOR SALE

820 Gordon Ave Belmont, CA 94002

Antique Forest Homes Neighborhood

Estimated Value: $1,787,000 - $2,005,000

4 Beds
3 Baths
2,796 Sq Ft
$663/Sq Ft Est. Value

Last Sold September 17, 2021

Last sale price $1,688,000 $604 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $11,948/month

22 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Washer and Dryer
  • Ralston Intermediate School Rated A
  • Coin Laundry
  • Courtyard

About This Home

As of September 2021

Rarely available triplex in prime Belmont location. All units are vacant, allowing the investor to immediately lease at market rates. The property is comprised of (1) 2 bedrooms, 1 bathroom unit, and (2) 1 bedroom, 1 bathroom unit. Unit amenities include hardwood floors, dual pane windows, updated kitchens, dishwashers, gas oven/range, central forced air heating, and dedicated storage rooms. The property is walkable to downtown shops, restaurants, and amenities. One block to Belmont Caltrain. The City of Belmont is centrally located between San Francisco and Silicon Valley, within one of the most robust employment hubs in the nation. Highly esteemed Belmont Schools. Minutes from SFO airport, Bart/Caltrain, and highways 92, 101, and 280. Ideal commuter location. Separately metered for gas, electric, and water.

Last Agent to Sell the Property

Matthew Rogers

Rogers & Associates License #01824110 Listed on: 07/22/2021

Last Buyer's Agent

Chao Wen

Compass License #02069317

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,122

Year Built

  • 1954

Lot Details

  • 3,999 Sq Ft Lot
  • Back Yard

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,796 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Laminate

Parking

  • 3 Carport Spaces
  • On-Street Parking

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $81,600

Community Details

Overview

Amenities

  • Courtyard
  • Coin Laundry

Building Details

  • Gardener Expense $1,500
  • Insurance Expense $2,100
  • Maintenance Expense $1,000
  • Utility Expense $2,500
  • Operating Expense $29,600
  • Gross Income $81,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,122

Year Built

1954

Lot Details

0

Listing Details

  • Zoning: R30000
  • Subclass: Triplex
  • Age: 67
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2796
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Other, Dishwasher, Refrigerator
  • Living Sq Ft: 2796
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Hardwood, Laminate

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Courtyard

Garage/Parking

  • Garage Parking Features: Carport, On Street
  • Carport Min: 3

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.0918
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4000.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 21.91

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2100
  • Expense Landscape: 1500
  • Expense Maintenance: 1000
  • Expenses Total: 29600
  • Expenses Utility: 2500
  • Income Annual Gross: 81600.00
  • Income Annual Rental: 81600
  • Income Gross Scheduled: 81600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Fee - Property Tax, Insurance, Maintenance - Laundry, Maintenance - Repair, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2021
Closed on
Sep 2, 2021
Sold by
Piscitello Gary G
Bought by
Law Jason and Wang Shuling
Seller's Agent
Matthew Rogers
Rogers & Associates
Buyer's Agent
Chao Wen
Compass
List Price
$1,788,000
Sold Price
$1,688,000
Premium/Discount to List
-$100,000
-5.59%
Current Estimated Value
$1,853,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,382
Avg. Annual Appreciation
2.22%
Original Mortgage
$1,181,600
Outstanding Balance
$1,078,301
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$763,948

Purchase Details

Closed on
Oct 16, 2019
Sold by
Keefe Michael W and Piscitello Family Trust
Bought by
Piscitello Gary G

Purchase Details

Closed on
Jun 26, 2019
Sold by
Piscitello George F
Bought by
Piscitello George F and The Piscitello Family Trust
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
Law Jason $1,688,000 Chicago Title Company
Piscitello Gary G -- None Available
Piscitello George F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Law Jason $1,181,600
Previous Owner Piscitello George F $182,000
Previous Owner Piscitello George F $200,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2021 09/17/21 Sold $1,688,000 -5.6% $604 / Sq Ft
08/14/2021 08/14/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $1,788,000 -- $639 / 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 $23,122 $1,791,318 $1,273,449 $517,869
2023 $23,122 $1,721,760 $1,224,000 $497,760
2022 $21,413 $1,688,000 $1,200,000 $488,000
2021 $22,409 $1,717,612 $1,212,432 $505,180
2020 $22,464 $1,700,000 $1,200,000 $500,000
2019 $8,694 $447,073 $142,044 $305,029
2018 $8,097 $438,308 $139,259 $299,049
2017 $7,590 $429,715 $136,529 $293,186
2016 $7,959 $421,290 $133,852 $287,438
2015 $7,334 $414,963 $131,842 $283,121
2014 $7,027 $406,836 $129,260 $277,576
Source: Public Records

Agents Affiliated with this Home

  • Matthew Rogers

    Seller's Agent in 2021

    Matthew Rogers

    Rogers & Associates

    (650) 678-4837

    1 in this area

    76 Total Sales

    Matthew Rogers
    Section Image
  • Chao Wen

    Buyer's Agent in 2021

    Chao Wen

    Compass

    (408) 835-6704

    3 in this area

    210 Total Sales

    Chao Wen
    Section Image
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Map

Source: MLSListings

MLS Number: ML81854946

MLSListings

APN: 045-161-190

California San Mateo County Belmont 94002 Antique Forest Homes

820 Gordon Ave, Belmont, CA

This home is located at 820 Gordon Ave, Belmont, CA 94002 since 22 July 2021 and is currently estimated at $1,853,382, approximately $662 per square foot. This property was built in 1954. 820 Gordon Ave is a home located in San Mateo County with nearby schools including Ralston Intermediate School, Carlmont High School, and Hanlin Academy.

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