NOT LISTED FOR SALE

Estimated Value: $1,916,000 - $2,125,000

4 Beds
4 Baths
3,340 Sq Ft
$605/Sq Ft Est. Value

Last Sold May 08, 2013

Last sale price $938,500 $281 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $12,113/month

8 Days on Market

About This Home

As of May 2013

Nice building! 3 of the units are in very good condition with quite a few upgrades. One unit is dated. Building electrical has been upgraded & the exterior of the building was recently repainted. Unit C just had the bathroom redone & new pergo installed. Unit A has newer kitchen cabinets, frig & carpets, as well as washer/dryer hook-ups. Mostly quality, long term tenants.

Last Agent to Sell the Property

Kathy Wall

Prudential California Realty License #01163766 Listed on: 04/15/2013

Prudential California Realty

Last Buyer's Agent

nina ding

Coldwell Banker Realty License #01908633

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,198

Year Built

  • 1952

Lot Details

  • 5,358

Home Design

  • Quadruplex
  • Tile Roof
  • Tar and Gravel Roof

Interior Spaces

  • 3,340 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Vinyl

Parking

  • Private Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $36,000
  • The owner pays for garbage, water

Community Details

Overview

  • 3,340 Sq Ft Building

Building Details

  • Insurance Expense $3,441
  • Maintenance Expense $15,782
  • Utility Expense $1,501
  • Trash Expense $1,200
  • Operating Expense $25,379
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,198

Year Built

1952

Lot Details

0

Listing Details

  • Zoning: R4
  • Subclass: Fourplex
  • Age: 61
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 280.99
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3340
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 3340
  • Stories: 2
  • Laundry: Laundry - No
  • Flooring: Hardwood - Partial, Laminate, Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum

Exterior Features

  • Roof: Tar And Gravel, Tile

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • 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: 5250.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5250.00
  • Lot Size Area Min Search: 5250.00
  • Maximum Lot Size: 5250.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.17

Multi Family

  • Expense Insurance: 3441
  • Expense Maintenance: 15782
  • Expenses Total: 25379
  • Expenses Utility: 1501
  • Expense Trash: 1200
  • Expense Water Sewer: 2100
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Maintenance - Repair, Utilities - Electric
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2013
Closed on
May 6, 2013
Sold by
Catholic Worker Hospitality House
Bought by
Green Water Investment Llc
Seller's Agent
Kathy Wall
Prudential California Realty
Buyer's Agent
nina ding
Coldwell Banker Realty
List Price
$798,000
Sold Price
$938,500
Premium/Discount to List
$140,500
17.61%
Current Estimated Value
$2,021,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,082,879
Avg. Annual Appreciation
6.77%

Purchase Details

Closed on
May 25, 2012
Sold by
Gibbs John P
Bought by
Catholic Worker Hospitality House

Purchase Details

Closed on
Sep 23, 2008
Sold by
Olivas Antonio
Bought by
Olivas Antonio
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
Green Water Investment Llc $938,500 Old Republic Title Company
Catholic Worker Hospitality House -- None Available
Olivas Antonio -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olivas Antonio $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2013 05/08/13 Sold $938,500 +17.6% $281 / Sq Ft
04/23/2013 04/23/13 Pending -- -- --
04/15/2013 04/15/13 For Sale $798,000 -- $239 / 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 $13,198 $1,155,684 $577,842 $577,842
2023 $13,198 $1,110,808 $555,404 $555,404
2022 $12,476 $1,089,028 $544,514 $544,514
2021 $12,748 $1,067,676 $533,838 $533,838
2020 $12,483 $1,056,730 $528,365 $528,365
2019 $12,211 $1,036,010 $518,005 $518,005
2018 $11,981 $1,015,698 $507,849 $507,849
2017 $11,894 $995,784 $497,892 $497,892
2016 $11,458 $976,260 $488,130 $488,130
2015 $11,407 $961,596 $480,798 $480,798
2014 $11,241 $942,760 $471,380 $471,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81312173

MLSListings

APN: 026-254-030