NOT LISTED FOR SALE

888 Third Ave Half Moon Bay, CA 94019

Estimated Value: $1,545,000 - $1,893,000

4 Beds
2 Baths
2,216 Sq Ft
$805/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $1,475,000 $666 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $11,028/month

8 Days on Market

Highlights

  • Mountain View
  • Contemporary Architecture
  • Wood Flooring
  • Deck
  • Vaulted Ceiling
  • Granite Countertops

About This Home

As of December 2020

Beautiful home in the sought-after Arleta Park neighborhood of Half Moon Bay! This home is situated near vast bluff tops, just steps from the coastal trail. The main home features 3 bedrooms & one full bath. The spacious living room includes a wood-burning stove and custom mantle and adjoins a nicely updated kitchen and dining area. This attractive single-story home boasts updates throughout, including: Millard windows, custom lighting and Tobacco Road Teak flooring. Kitchen features open beam ceilings, granite countertops, stainless steel appliances, custom lighting and farmhouse sink. Additional features include a stucco exterior, landscaped front yard & copper plumbing. There is an additional second unit that's 654 sq. ft. (rent $2600 monthly) w/ 2 sleeping rooms & one full bath. The open living room features tall vaulted ceilings & accesses the rear yard & patio area. The adjoining kitchen/dining is fully equipped w/ an electric stove, microwave, dishwasher, & wood cabinets.

Last Agent to Sell the Property

Charles Floyd

Compass License #00960469 Listed on: 11/18/2020

Compass

Last Buyer's Agent

Charles Floyd

Compass License #00960469 Listed on: 11/18/2020

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,869

Year Built

  • 1950

Lot Details

  • 7,353 Sq Ft Lot
  • Fenced
  • Level Lot
  • Sprinklers on Timer
  • Grass Covered Lot
  • Back Yard

Parking

  • 2 Car Detached Garage
  • On-Street Parking
  • Off-Site Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,216 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Skylights in Kitchen
  • Fireplace
  • Double Pane Windows
  • Storage Room
  • Mountain Views

Kitchen

  • Gas Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Balcony
  • Deck
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Thermostat
  • Separate Meters
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $31,200

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $500
  • Utility Expense $3,000
  • Trash Expense $800
  • Operating Expense $5,300
  • Gross Income $30,888

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,869

Year Built

1950

Lot Details

0

Parking

2

Listing Details

  • Zoning: 2-units
  • Subclass: Duplex
  • Style: Contemporary
  • Age: 70
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2216
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Kitchen: 220 Volt Outlet, Appliances - Vary By Unit, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven Range - Electric, Oven Range - Gas, Refrigerator, Skylight
  • Living Sq Ft: 2216
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Hardwood, Laminate, Tile
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Perimeter And Slab, Concrete Slab
  • Roof: Composition, Shingle
  • View: Mountains
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Deck, Fenced, Low Maintenance, Sprinklers - Auto
  • Construction Type: Brick, Concrete, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Common Parking Area, Detached Garage, Off-Site Parking, On Street

Utilities

  • Heating System: Central Forced Air - Gas, Fireplace, Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Open Beam Ceiling, Skylight, Vaulted Ceiling

Schools

  • School District: Cabrillo Unified
  • Elementary School: Alvin S. Hatch Elementary
  • Middle School: Manuel F. Cunha Intermediate
  • High School: Half Moon Bay High
  • High School: 1035
  • Elementary School: 601
  • Middle School: 654

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1688
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7353.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7353.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Low Flow Shower, Low Flow Toilet, Skylight, Thermostat Controller

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month, Security Deposit
  • Gross Rent Multiplier: 47.28
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas
  • Expense Insurance: 500
  • Expenses Total: 5300
  • Expenses Utility: 3000
  • Expense Trash: 800
  • Income Annual Gross: 30888.00
  • Income Annual Rental: 31200
  • Income Gross Scheduled: 31200
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Depreciation, Fee - Professional Services, Fee - Property Tax, Maintenance - Repair, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2021
Sold by
Yepez Juan A and Win Teresa J
Bought by
Yepez Juan A and Win Teresa J
Current Estimated Value
$1,783,580

Purchase Details

Listed on
Nov 18, 2020
Closed on
Dec 19, 2020
Sold by
Bucini David and Bucini Grace
Bought by
Yepez Juan Alberto and Win Teresa J
Seller's Agent
Charles Floyd
Compass
Buyer's Agent
Charles Floyd
Compass
List Price
$1,475,000
Sold Price
$1,475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%

Purchase Details

Closed on
Nov 16, 2012
Sold by
Bucini David L and Bucini Grace Y
Bought by
Bucini David and Bucini Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2006
Sold by
Bucini David and Bucini Grace
Bought by
Bucini David and Bucini Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 9, 2002
Sold by
Bucini David L and Bucini Grace Y
Bought by
Bucini David and Bucini Grace

Purchase Details

Closed on
Feb 21, 2002
Sold by
Ling Bryant C and Ling Anne E
Bought by
Bucini David L and Bucini Grace Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.8%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 10, 1998
Sold by
Sawrey William M and Sawrey Kim D
Bought by
Ling Bryant C and Ling Anne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.56%

Purchase Details

Closed on
Aug 16, 1994
Sold by
Adreveno Albert J and Adreveno Eda M
Bought by
Sawrey William M and Coles Kim D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,050
Interest Rate
8.65%
Mortgage Type
Seller Take Back
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
Yepez Juan A -- None Available
Yepez Juan Alberto $1,475,000 North American Title Co Inc
Bucini David -- None Available
Bucini David L -- None Available
Bucini David -- First American Title Company
Bucini David -- First American Title Company
Bucini David -- --
Bucini David L $380,000 Commonwealth Land Title Co
Ling Bryant C $350,000 Old Republic Title Ins Compa
Sawrey William Mark $350,000 Old Republic Title Ins Compa
Sawrey William M $279,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bucini David L $332,000
Previous Owner Bucini David $190,000
Previous Owner Bucini David $332,000
Previous Owner Bucini David L $155,000
Previous Owner Ling Bryant C $100,000
Previous Owner Sawrey William M $265,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2020 12/31/20 Sold $1,475,000 0.0% $666 / Sq Ft
11/27/2020 11/27/20 Pending -- -- --
11/18/2020 11/18/20 For Sale $1,475,000 -- $666 / 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 $18,869 $1,596,585 $807,493 $789,092
2023 $18,869 $1,534,589 $776,138 $758,451
2022 $17,818 $1,504,500 $760,920 $743,580
2021 $17,391 $1,475,000 $746,000 $729,000
2020 $7,224 $562,598 $256,645 $305,953
2019 $7,786 $531,068 $251,613 $279,455
2018 $6,899 $500,559 $246,680 $253,879
2017 $6,269 $490,746 $241,844 $248,902
2016 $6,094 $481,124 $237,102 $244,022
2015 $6,453 $473,899 $233,541 $240,358
2014 $5,960 $464,618 $228,967 $235,651
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81820726

MLSListings

APN: 064-231-280