NOT LISTED FOR SALE

Estimated Value: $1,483,000 - $2,430,698

2 Beds
2 Baths
2,374 Sq Ft
$793/Sq Ft Est. Value

Last Sold June 20, 2018

Last sale price $1,339,900 $564 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $11,898/month

25 Days on Market

Highlights

  • Wood Flooring
  • Borel Middle School Rated A-
  • 1-Story Property

About This Home

As of June 2018

Location Location Location. Great duplex close to downtown San Mateo, Central Park and easy access to public transportation. Live in one and rent the other or use as a solid investment property. Each unit has their own private yard as well as a garage.

Last Agent to Sell the Property

Daniel Lyons

KW Advisors License #01848586 Listed on: 04/08/2018

KW Advisors

Last Buyer's Agent

Daniel Lyons

KW Advisors License #01848586 Listed on: 04/08/2018

KW Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,758

Year Built

  • 1947

Lot Details

  • 3,842

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,374 Sq Ft Home
  • 1-Story Property
  • Gas Oven
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Tile

Additional Features

  • 3,842 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $26,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,600
  • Maintenance Expense $1,000
  • Operating Expense $14,250
  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,758

Year Built

1947

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 71
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2374
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Kitchen: Oven - Gas, Refrigerator
  • Living Sq Ft: 2374
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.0882
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3844.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3844.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 52.58
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1600
  • Expense Maintenance: 1000
  • Expenses Total: 14250
  • Income Annual Gross: 26400.00
  • Income Annual Rental: 26400
  • Income Gross Scheduled: 26400
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2021
Sold by
Ng Jena and The Jena Ng 0727 Trust
Bought by
Zhuo Yun Qi
Current Estimated Value
$1,881,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,000
Outstanding Balance
$633,872
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$1,223,054

Purchase Details

Listed on
Apr 8, 2018
Closed on
Jun 13, 2018
Sold by
Ugarte Carla M
Bought by
Zhuo Yun Qi
Seller's Agent
Daniel Lyons
KW Advisors
Buyer's Agent
Daniel Lyons
KW Advisors
List Price
$1,395,000
Sold Price
$1,339,900
Premium/Discount to List
-$55,100
-3.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%
Original Mortgage
$8,710,900
Outstanding Balance
$7,664,750
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
-$5,807,824

Purchase Details

Closed on
Jul 13, 2006
Sold by
Bennett Robert L
Bought by
Ugarte Carla M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2006
Sold by
Box Edward Allen
Bought by
Ugarte Carla M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2005
Sold by
Bennett Robert L
Bought by
Bennett Robert L

Purchase Details

Closed on
Mar 12, 1998
Sold by
Bennett Robert L and Bennett Sharon L
Bought by
Bennett Robert L and Bennett Sharon L
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
Zhuo Yun Qi -- North American Title Co Inc
Zhuo Yun Qi $1,340,000 Chicago Title Co
Ugarte Carla M $825,000 Fidelity National Title Co
Ugarte Carla M -- Fidelity National Title Co
Bennett Robert L -- --
Bennett Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhuo Yun Qi $702,000
Open Zhuo Yun Qi $8,710,900
Previous Owner Ugarte Carla M $660,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2018 06/20/18 Sold $1,339,900 -3.5% $564 / Sq Ft
05/04/2018 05/04/18 Pending -- -- --
05/02/2018 05/02/18 Price Changed $1,388,000 -0.5% $585 / Sq Ft
04/08/2018 04/08/18 For Sale $1,395,000 -- $588 / 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 $19,758 $1,494,678 $836,637 $658,041
2023 $19,758 $1,436,640 $804,150 $632,490
2022 $18,650 $1,408,472 $788,383 $620,089
2021 $18,398 $1,380,856 $772,925 $607,931
2020 $17,831 $1,366,698 $765,000 $601,698
2019 $16,752 $1,339,900 $750,000 $589,900
2018 $12,675 $971,424 $485,712 $485,712
2017 $11,868 $952,378 $476,189 $476,189
2016 $11,747 $933,704 $466,852 $466,852
2015 $11,522 $919,680 $459,840 $459,840
2014 $11,292 $901,666 $450,833 $450,833
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81699693

MLSListings

APN: 034-272-070