NOT LISTED FOR SALE

Estimated Value: $1,381,000 - $1,694,000

5 Beds
3 Baths
3,182 Sq Ft
$496/Sq Ft Est. Value

Last Sold January 04, 2013

Last sale price $680,000 $214 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $9,630/month

41 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • 3-minute walk to Forest Lane Park
  • Capuchino High School Rated A-

About This Home

As of January 2013

Great Opportunity, 4 units with, basically 0 vacancy, rents are low at the moment, could be in the $6,000. Owners pay for all utilities. Do not disturb tenants. Parking space for 4 vehicles. Offer subject to inspections.No rent control. no section 8 tenants. SOLD AS-IS

Last Agent to Sell the Property

Roger Perez

Corcoran Icon Properties License #00997282 Listed on: 10/13/2012

Corcoran Icon Properties

Last Buyer's Agent

Mary Beckwith

Panda Realty License #00805836

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,394

Year Built

  • 1926

Lot Details

  • Level Lot

Parking

  • Carport

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 3,182 Sq Ft Home
  • 3-Story Property

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $60,600
  • The owner pays for electric, garbage, gas, water

Community Details

Overview

  • 3,182 Sq Ft Building

Building Details

  • Insurance Expense $3,200
  • Other Expense $350
  • Utility Expense $3,000
  • Operating Expense $14,411
  • Gross Income $60,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,394

Year Built

1926

Lot Details

0

Listing Details

  • Zoning: RM00
  • Subclass: Fourplex
  • Age: 87
  • Sale Price Per Sq Ft: 213.70
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3182
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1926

Interior Features

  • Living Sq Ft: 3182
  • Stories: 3
  • Laundry: Laundry - No

Exterior Features

  • Roof: Shingle
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Carport

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5000.00
  • Lot Size Area Min Search: 5000.00
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 10.87

Multi Family

  • Expense Insurance: 3200
  • Expenses Other: 350
  • Expenses Total: 14411
  • Expenses Utility: 3000
  • Expense Water Sewer: 2040
  • Income Annual Gross: 60600.00
  • Income Annual Rental: 60600
  • Income Gross Scheduled: 60600
  • Income Includes: Parking
  • Maximum Building Height: 3
  • Meters: Master Gas, Master Water
  • Minimum Building Height: 3
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Utilities - Gas, Utilities - Water, Miscellaneous/Other
  • Owner Pays: Electric, Garbage, Gas, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2012
Closed on
Dec 23, 2012
Sold by
Alvers Janice K
Bought by
Zhou Feng and Zhu Dan
Seller's Agent
Roger Perez
Corcoran Icon Properties
Buyer's Agent
Mary Beckwith
Panda Realty
List Price
$659,000
Sold Price
$680,000
Premium/Discount to List
$21,000
3.19%
Current Estimated Value
$1,577,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$897,825
Avg. Annual Appreciation
6.88%
Original Mortgage
$510,000
Outstanding Balance
$355,458
Interest Rate
3.27%
Mortgage Type
Commercial
Estimated Equity
$1,221,913

Purchase Details

Closed on
Mar 10, 2000
Sold by
Alvers Janice K
Bought by
Alvers Janice K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
8.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 1999
Sold by
Alvers Janice K
Bought by
Alvers Janice K

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
6.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 1999
Sold by
Jane Alvers Elizabeth
Bought by
Alvers Janice K

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
6.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 26, 1997
Sold by
Ball Alan E
Bought by
Alvers Elizabeth Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,600
Interest Rate
7.33%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Zhou Feng $680,000 First American Title Company
Alvers Janice K -- Lawyers Title Company
Alvers Janice K -- Lawyers Title Company
Alvers Janice K -- --
Alvers Janice K -- --
Alvers Elizabeth Jane -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhou Feng $510,000
Previous Owner Alvers Janice K $333,700
Previous Owner Alvers Janice K $45,000
Previous Owner Alvers Janice K $100,000
Previous Owner Alvers Elizabeth Jane $182,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2013 01/04/13 Sold $680,000 +3.2% $214 / Sq Ft
11/23/2012 11/23/12 Pending -- -- --
10/13/2012 10/13/12 For Sale $659,000 -- $207 / 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 $12,394 $837,360 $418,680 $418,680
2023 $12,394 $804,846 $402,423 $402,423
2022 $8,786 $789,066 $394,533 $394,533
2021 $8,673 $773,596 $386,798 $386,798
2020 $8,592 $765,664 $382,832 $382,832
2019 $8,452 $750,652 $375,326 $375,326
2018 $8,033 $735,934 $367,967 $367,967
2017 $7,948 $721,504 $360,752 $360,752
2016 $7,788 $707,358 $353,679 $353,679
2015 $7,685 $696,734 $348,367 $348,367
2014 $7,572 $683,086 $341,543 $341,543
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81237603

MLSListings

APN: 020-101-050