NOT LISTED FOR SALE

Estimated Value: $1,739,000 - $2,766,924

4 Beds
2 Baths
3,450 Sq Ft
$622/Sq Ft Est. Value

Last Sold July 07, 2021

Last sale price $1,900,000 $551 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $13,682/month

19 Days on Market

Highlights

  • Park or Greenbelt View
  • No HOA
  • 3 Car Attached Garage
  • Lafayette Elementary School Rated A

About This Home

As of July 2021

With its impressive size, vacant owner's unit, rental income, massive 3 car garage for the vacant unit, expansion potential and desirable Outer Richmond location by Golden Gate Park and near the heart of Balboa Village, you don't want to miss this well-priced two unit building. Excellent opportunity for owner-users and investors. Each unit features a coveted layout with 2 bedrooms, sunroom with a closet, living room with a fireplace, dining room, spacious kitchen, laundry room and good closet space. The large, move-in ready owner's unit has beautiful, refinished hardwood floors. The vacant unit has use of the 3 car tandem garage and big storage rooms with great ceiling height which offer expansion potential. View of Golden Gate Park and peek-a-boo view of Spreckels Lake. Nice natural light and period details. A low maintenance backyard completes it. By Ocean Beach and popular restaurants, cafes and shops on Balboa St. Easy access to 19th Ave. and the Golden Gate Bridge for commuting.

Last Agent to Sell the Property

James Shinbori

Compass License #01397249 Listed on: 05/20/2021

Compass

Co-Listed By

Crystal Schip

Crystal Schip, Broker License #02025094

Last Buyer's Agent

Kyle Chuang

Chessboard Capital License #01916730

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,078

Year Built

  • Built in 1925

Lot Details

  • 2,400 Sq Ft Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 3,450 Sq Ft Home
  • Park or Greenbelt Views
  • Laundry in unit

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Listing and Financial Details

  • Assessor Parcel Number 1677011A

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,078

Year Built

Built in 1925

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Subtype Description: Flats
  • Year Built: 1925
  • Special Features: None
  • Stories: 0

Interior Features

  • Laundry Features: In Each Unit
  • Price Per Square Foot: 550.72
  • Square Footage: 3450

Exterior Features

  • View: Park

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 3
  • Tandem Parking Spaces: 3

Utilities

  • Security Features: Carbon Mon Detector, Smoke Detector

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 1677011A
  • Lot Features: Other
  • Lot Size Acres: 0.0551
  • Lot Size Sq Ft: 2400
  • Lot Size Units: SqFt
  • Price Per Acre: 34482758.62

Building Info

  • Number of Units Total: 2

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 1
  • Number Of2 Bedrooms Occupied: 1
  • Number of 2 Bedroom Units: 2
  • Number Of Units Leased: 1
  • Total Number Section8: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Jun 28, 2021
Sold by
Chong Thomas and Chong Mary Jo
Bought by
Tam Edison Hoi San and Tam Un Chong
Seller's Agent
James Shinbori
Compass
Buyer's Agent
Kyle Chuang
Chessboard Capital
List Price
$1,749,000
Sold Price
$1,900,000
Premium/Discount to List
$151,000
8.63%
Current Estimated Value
$2,146,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,981
Avg. Annual Appreciation
2.97%
Original Mortgage
$1,300,000
Outstanding Balance
$1,182,103
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$964,878

Purchase Details

Closed on
Jun 21, 2001
Sold by
Chong Edward and Chong Mabel
Bought by
Chong Edward and Chong Mabel

Purchase Details

Closed on
Jun 12, 1999
Sold by
Chong Thomas J and Chong Mary J
Bought by
Chong Thomas and Chong Mary Jo

Purchase Details

Closed on
Jan 20, 1999
Sold by
Mabel Chong and Thomas Chong Thomas
Bought by
Chong Edward and Chong Mabel

Purchase Details

Closed on
Sep 29, 1997
Sold by
Mabel Chong
Bought by
Chong Sing and Chong Thomas
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 Buyer Sale Price Title Company
Tam Edison Hoi San $1,900,000 Lawyers Title Company
Chong Edward -- --
Chong Thomas -- --
Chong Edward -- Fidelity National Title Co
Chong Sing -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tam Edison Hoi San $1,300,000
Previous Owner Chong Thomas $500,000
Previous Owner Chong Thomas $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2021 07/07/21 Sold $1,900,000 +8.6% $551 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $1,749,000 -- $507 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

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 $24,078 $2,016,294 $1,411,406 $604,888
2024 $24,078 $1,976,760 $1,383,732 $593,028
2023 $23,627 $1,938,000 $1,356,600 $581,400
2022 $23,252 $1,900,000 $1,330,000 $570,000
2021 $3,559 $231,820 $100,530 $131,290
2020 $3,694 $229,444 $99,500 $129,944
2019 $3,579 $224,948 $97,550 $127,398
2018 $3,458 $220,572 $95,653 $124,919
2017 $3,121 $216,248 $93,778 $122,470
2016 $3,036 $212,009 $91,940 $120,069
2015 $2,993 $208,825 $90,559 $118,266
2014 $2,918 $204,736 $88,786 $115,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 421554246

San Francisco Association of REALTORS® MLS

APN: 1677-011A