NOT LISTED FOR SALE

Redwood City, CA 94061

Palm Park Neighborhood

Estimated Value: $1,760,000 - $2,908,274

5 Beds
4 Baths
3,540 Sq Ft
5,998 Sq Ft Lot

Last Sold January 26, 2023

Last sale price $1,610,000 $455 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $12,950/month

105 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Fenced Yard
  • Woodside High School Rated A
  • No HOA
  • Balcony

About This Home

As of January 2023

First time on the market in 50 years (original owner) you don't want to miss out on this opportunity! Perfect for investors, multi-generational families, or those looking to live in one and earn income renting the other one. The downstairs unit is a large 2000+ sq ft (3) bedroom (2) bathroom with a private enclosed back yard and 2-car garage. It has been tastefully updated over the years featuring hardwood floors in the kitchen, granite counters, and stainless-steel appliances. The upstairs unit is 1100+ sq ft (2) bedroom (2) bathroom with a balcony and 1 car garage. It has been recently painted, had new carpet installed throughout, and both bathrooms were recently remodeled. Both units have gas fireplaces, walk-in closets, and in unit washer/dryer hookups. Here is your chance to take advantage of a very rare opportunity in one of the most desirable areas of West Redwood City.

Last Agent to Sell the Property

Jeffrey Bentley

Keller Williams San DiegoMetro License #02077347 Listed on: 09/15/2022

Keller Williams San DiegoMetro

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,249

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • Fenced Yard
  • Landscaped

Parking

  • 3 Car Garage
  • Inside Entrance

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Flat Roof Shape
  • Combination Foundation
  • Raised Foundation
  • Slab Foundation
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Window Screens

Kitchen

  • Free-Standing Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

Outdoor Features

  • Balcony

Utilities

  • Window Unit Cooling System
  • Central Heating
  • 220 Volts
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for insurance, gas, electricity, cable TV
  • Assessor Parcel Number 059-191-460

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Palm Park Subdivision

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit
  • 1 Unit Leased Month-To-Month
  • Net Operating Income $38,400

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,249

Year Built

Built in 1971 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Condominiums
  • Property Subtype 1: Duplex
  • Stories: 2
  • Year Built: 1971
  • Accessibility Features: None
  • Architectural Style: Traditional, Craftsman
  • Levels: Two
  • Stories: 2
  • Subdivision: Palm Park
  • Number of Two Bedroom Units: 1
  • Number of Three Bedroom Units: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Gas Water Heater, Free Standing Refrigerator, Free Standing Gas Range, Free Standing Electric Range, Disposal, Dishwasher
  • Interior Amenities: Skylight(s)
  • Flooring: Wood, Varies by Unit, Tile, Laminate, Carpet
  • Basement: None
  • Price Per Square Foot: 454.80
  • Window Features: Window Screens, Varies by Unit

Exterior Features

  • Construction Materials: Wood, Stucco, Concrete
  • Disclosures/Documents: Transfer Disclosure Statement, Structural Pest Control Report, Seller Property Questionnaire, Roof Inspection, Preliminary Title Report, Home Inspection Report, Estoppel Certificate
  • Exterior Features: Fenced Yard
  • Foundation: Combination, Raised, Slab
  • Listing Price: 1725000.00
  • Lot Features: Sidewalk, Landscape Front, Landscape Back, Auto Sprinkler F&R
  • Patio And Porch Features: Balcony/Deck
  • Property Condition: Varies by Unit, Updated/Remodeled
  • Roof: Tar/Gravel, Flat
  • Topography: Level

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Varies by Unit, Interior Access, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Security: Smoke Detector, Carbon Mon Detector
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Internet Available, Electric, City, Cable Connected, Cable Available
  • Cooling: Window Unit(s), Varies by Unit, Ceiling Fan(s)
  • Electric: 220 Volts
  • Heating: Gas, Central
  • Laundry Features: Washer/Dryer Hookups, In Each Unit
  • Water Source: Public
  • Separate Meters: See Remarks,Gas,Electricity

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning Description: R2
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000.00

Rental Info

  • Tenant Pays: Insurance, Gas, Electricity, Cable TV
  • Lease Term: Month To Month

Multi Family

  • Gross Income: 38400
  • Number of Leased Units: 1
  • Number of Month to Month Units: 1
  • Number of Units: 2
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 059-191-460

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2022
Closed on
Jan 9, 2023
Sold by
Virginia M Fouchy Living Trust
Bought by
Michelle Marie Guiney Revocable Trust
Seller's Agent
Jeffrey Bentley
Keller Williams San DiegoMetro
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$1,950,000
Sold Price
$1,610,000
Premium/Discount to List
-$340,000
-17.44%
Current Estimated Value
$2,097,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$487,569
Avg. Annual Appreciation
11.96%
Original Mortgage
$1,085,000
Outstanding Balance
$1,044,357
Interest Rate
5.13%
Mortgage Type
FHA
Estimated Equity
$1,110,521

Purchase Details

Closed on
Jun 6, 2011
Sold by
Fouchy Virginia M
Bought by
The Virginia M Fouchy Living Trust

Purchase Details

Closed on
Feb 1, 1996
Sold by
Fouchy Virginia M
Bought by
Fouchy Virginia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.14%
Source: Public Records

Range of Values:

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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
Michelle Marie Guiney Revocable Trust $1,610,000 Old Republic Title
The Virginia M Fouchy Living Trust -- None Available
Fouchy Virginia M -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michelle Marie Guiney Revocable Trust $1,085,000
Previous Owner Fouchy Virginia M $525,000
Previous Owner Fouchy Virginia M $100,000
Previous Owner Fouchy Virginia M $370,000
Previous Owner Fouchy Virginia M $265,000
Previous Owner Fouchy Virginia M $195,000
Previous Owner Fouchy Virginia M $120,000
Previous Owner Fouchy Virginia M $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2023 01/26/23 Sold $1,610,000 -6.7% $455 / Sq Ft
12/29/2022 12/29/22 Pending -- -- --
11/30/2022 11/30/22 Price Changed $1,725,000 -3.6% $487 / Sq Ft
11/07/2022 11/07/22 Price Changed $1,790,000 -1.6% $506 / Sq Ft
10/27/2022 10/27/22 Price Changed $1,820,000 -1.6% $514 / Sq Ft
10/12/2022 10/12/22 Price Changed $1,850,000 -2.4% $523 / Sq Ft
10/01/2022 10/01/22 Price Changed $1,895,000 -2.8% $535 / Sq Ft
09/15/2022 09/15/22 For Sale $1,950,000 -- $551 / Sq Ft
Source: MetroList

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 $18,249 $1,675,044 $1,040,400 $634,644
2023 $18,249 $965,818 $482,909 $482,909
2022 $1,918 $173,245 $36,983 $136,262
2021 $1,898 $169,849 $36,258 $133,591
2020 $1,874 $168,109 $35,887 $132,222
2019 $1,865 $164,814 $35,184 $129,630
2018 $1,818 $161,584 $34,495 $127,089
2017 $1,798 $158,417 $33,819 $124,598
2016 $1,743 $155,311 $33,156 $122,155
2015 $1,680 $152,979 $32,658 $120,321
2014 $1,648 $149,984 $32,019 $117,965
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jeffrey Bentley

    Keller Williams San DiegoMetro

    Section Image

  • N

    Buyer's Agent in 2023

    Non-MLS Member

    Non-MLS Office

See All Agents

Source: MetroList

MLS Number: 422694781

MetroList

APN: 059-191-460

California San Mateo County Redwood City 94061

Palm Park

This home since 15 September 2022 and is currently estimated at $2,097,569, approximately $592 per square foot. This property was built in 1971. This home is a home located in San Mateo County with nearby schools including Henry Ford Elementary School, John F. Kennedy Middle School, and Woodside High School.

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