NOT LISTED FOR SALE

Belmont, CA 94002

Homeview Neighborhood

Estimated Value: $1,752,000 - $2,429,386

4 Beds
4 Baths
2,570 Sq Ft
$816/Sq Ft Est. Value

Last Sold December 07, 2016

Last sale price $1,490,000 $580 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $12,948/month

112 Days on Market

Highlights

  • 2 Car Detached Garage
  • Walk-In Closet
  • Forced Air Heating System
  • Ralston Intermediate School Rated A
  • Tile Flooring
  • 5-minute walk to O'Donnel Park

About This Home

As of December 2016

Great opportunity! Updated duplex. Unit one is 3 beds 2.5 baths with and unbelievable master suite. Huge walk-in closet and a fabulous bath, hardwood floors. Second unit is 1bed 1 bath, nicely updated Both units have their own private backyard. Easy access to downtown Belmont and San Carlos as well as US101, CalTrain for SF or Silicon Valley. Disclosures on MLS now.

Last Agent to Sell the Property

Denise Baker

Marshall Realty License #70000517 Listed on: 08/08/2016

Last Buyer's Agent

Michelle Lin

Maxreal License #01274507

Maxreal

Property Details

Home Type

  • Multi-Family

Year Built

  • 1949

Lot Details

  • 5,358 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • Walk-In Closet
  • 2,570 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $74,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,440
  • Insurance Expense $1,300
  • Manager Expense $2,900
  • Operating Expense $15,640
  • Gross Income $74,400

Property Details

Home Type

Multi-Family

Year Built

1949

Lot Details

5,358 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2570
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Kitchen: Appliances - Vary By Unit, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Refrigerator
  • Living Sq Ft: 2570
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Lot Info

  • Lot Acres: 0.1230
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5336.10
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5336.10

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 22.18
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1300
  • Expense Landscape: 1440
  • Expense Management: 2900
  • Expenses Total: 15640
  • Income Annual Gross: 74400.00
  • Income Annual Rental: 74400
  • Income Gross Scheduled: 74400
  • Meters: Master Gas, Separate Electric, Separate Water
  • Number Of Buildings: 1
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2016
Closed on
Nov 23, 2016
Sold by
Schurz David Lawerence
Bought by
Qiu Li and Liu Jinghong
Seller's Agent
Denise Baker
Marshall Realty
Buyer's Agent
Michelle Lin
Maxreal
List Price
$1,800,000
Sold Price
$1,490,000
Premium/Discount to List
-$310,000
-17.22%
Current Estimated Value
$2,097,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$607,597
Avg. Annual Appreciation
3.74%
Original Mortgage
$800,775
Outstanding Balance
$643,895
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$1,453,702

Purchase Details

Closed on
Nov 28, 2011
Sold by
Distressed Home Solutions Llc
Bought by
Schurz David Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$606,000
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2011
Sold by
Mcdaniel Dawn Christine and Mcdaniel Keith
Bought by
Distressed Home Solutions Llc

Purchase Details

Closed on
May 13, 2000
Sold by
Antonio Buselli
Bought by
Mcdaniel Keith and Mcdaniel Dawn Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
9.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Qiu Li $1,490,000 Fidelity National Title Co
Schurz David Lawrence $808,000 Fidelity National Title Co
Distressed Home Solutions Llc $585,000 None Available
Mcdaniel Keith $425,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qiu Li $800,775
Previous Owner Schurz David Lawrence $606,000
Previous Owner Mcdaniel Keith $340,000
Closed Mcdaniel Keith $63,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2016 12/07/16 Sold $1,490,000 -9.7% $580 / Sq Ft
11/29/2016 11/29/16 Pending -- -- --
08/31/2016 08/31/16 Price Changed $1,650,000 -8.3% $642 / Sq Ft
08/08/2016 08/08/16 For Sale $1,800,000 -- $700 / Sq Ft
Source: MLSListings

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 $21,790 $1,729,266 $1,102,553 $626,713
2023 $21,790 $1,662,119 $1,059,741 $602,378
2022 $20,733 $1,629,529 $1,038,962 $590,567
2021 $20,589 $1,597,579 $1,018,591 $578,988
2020 $20,606 $1,581,199 $1,008,147 $573,052
2019 $19,694 $1,550,196 $988,380 $561,816
2018 $18,917 $1,519,800 $969,000 $550,800
2017 $18,780 $1,490,000 $950,000 $540,000
2016 $11,857 $857,316 $428,658 $428,658
2015 $11,902 $844,440 $422,220 $422,220
2014 $11,394 $827,900 $413,950 $413,950
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Denise Baker

    Marshall Realty

    Section Image
  • Michelle Lin

    Buyer's Agent in 2016

    Michelle Lin

    Maxreal

    (408) 661-1188

    79 Total Sales

    Michelle Lin
    Section Image
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Source: MLSListings

MLS Number: ML81598998

MLSListings

APN: 040-343-070

California San Mateo County Belmont 94002

Homeview

Not Listed for Sale

MultiFamily

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