NOT LISTED FOR SALE

Estimated Value: $2,306,000 - $2,793,000

6 Beds
4 Baths
4,090 Sq Ft
$597/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $2,400,000 $587 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $16,039/month

76 Days on Market

Highlights

  • Mountain View
  • Deck
  • Forced Air Heating System
  • Tierra Linda Middle School Rated A
  • 5 Car Attached Garage
  • 3-minute walk to Highlands Park

About This Home

As of July 2022

328 Torino Drive is a very attractive four unit multi family building located in the desirable San Carlos Hills. Sitting on a 6,011 sq ft lot this property consists of 4 units; the unit mix is (2) two bedroom one bath units and (2) one bedroom one bath units. Three of the four units have been beautifully updated. Each unit has their own private garage with remote and additional storage. Fifth garage is owners and has access to laundry room; machines are owned, not leased. Each unit has forced air heat and all three upstairs units have private balconies. There is also a common patio/barbecue area on east side of property. Separately metered for gas & electricity, dual pane windows and newer roof are all assets of this property. Tenants love this quiet San Carlos Hills location which is centrally positioned on the Peninsula between San Francisco and Silicon Valley.

Last Agent to Sell the Property

Tom Fanucchi

Compass License #00657467 Listed on: 03/10/2022

Compass

Last Buyer's Agent

Tom Fanucchi

Compass License #00657467 Listed on: 03/10/2022

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,028

Year Built

  • 1960

Lot Details

  • 6,011 Sq Ft Lot
  • Lot Sloped Up
  • Sprinklers on Timer

Parking

  • 5 Car Attached Garage
  • Garage Door Opener
  • Assigned Parking

Property Views

  • Mountain
  • Park or Greenbelt

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Urethane Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,090 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Range Hood
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $112,750

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $1,680
  • Insurance Expense $3,050
  • Maintenance Expense $3,000
  • Other Expense $500
  • Utility Expense $2,300
  • Trash Expense $1,700
  • Operating Expense $39,230
  • Gross Income $110,047

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,028

Year Built

1960

Lot Details

0

Parking

5

Listing Details

  • Zoning: R4
  • Subclass: Fourplex
  • Age: 62
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4090
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: Countertop - Formica, Countertop - Stone, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 4090
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Polyurethane
  • View: Greenbelt, Mountains
  • Yard/Grounds: Deck, Sprinklers - Auto
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 5
  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, Attached Garage, Gate / Door Opener

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Sloped Up
  • Lot Acres: 0.1380
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6011.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6011.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 22.02
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3050
  • Expense Landscape: 1680
  • Expense Maintenance: 3000
  • Expenses Other: 500
  • Expenses Total: 39230
  • Expenses Utility: 2300
  • Expense Trash: 1700
  • Income Annual Gross: 110047.00
  • Income Annual Rental: 112750
  • Income Gross Scheduled: 113450
  • Income Includes: Laundry, Rents
  • Income Other: 700
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2022
Closed on
Jun 24, 2022
Sold by
Revocab Bradley and Revocab Ellen
Bought by
Fadayel David
Seller's Agent
Tom Fanucchi
Compass
Buyer's Agent
Tom Fanucchi
Compass
List Price
$2,498,000
Sold Price
$2,400,000
Premium/Discount to List
-$98,000
-3.92%
Current Estimated Value
$2,443,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,334
Avg. Annual Appreciation
0.57%
Original Mortgage
$1,275,000
Outstanding Balance
$1,214,882
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$1,228,452

Purchase Details

Closed on
Oct 18, 2016
Sold by
Tham Bradley Carl and Tham Ellen Mary
Bought by
Tham Bradley and Tham Ellen

Purchase Details

Listed on
Jun 18, 2015
Closed on
Sep 24, 2015
Sold by
Chan Moses W and Chan Linh
Bought by
Tham Bradley Carl and Tham Ellen Mary
Seller's Agent
Greg Cohn
Capital Realty Group
Buyer's Agent
Tom Fanucchi
Compass
List Price
$1,695,000
Sold Price
$1,869,000
Premium/Discount to List
$174,000
10.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.73%
Original Mortgage
$311,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2009
Sold by
Mcdonagh John V
Bought by
Chan Moses W and Chan Linh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$741,750
Interest Rate
5.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2007
Sold by
Mcdonagh Patrice A
Bought by
Mcdonagh John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$747,500
Interest Rate
8.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2005
Sold by
Cesare Kathleen B
Bought by
Cesare Mark A

Purchase Details

Closed on
May 1, 2002
Sold by
Cesare Mark A
Bought by
Cesare Mark A and Cesare Kathleen B

Purchase Details

Closed on
Jan 18, 2002
Sold by
Cesare Kathleen B
Bought by
Cesare Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,000
Interest Rate
7.11%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 4, 1997
Sold by
Shea Dennis O and Shea Jacquelyn O
Bought by
Cesare Mark A and Cesare Kathleen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
7.23%
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
Fadayel David $2,400,000 Lawyers Title
Tham Bradley -- None Available
Tham Bradley Carl $1,869,000 Chicago Title Company
Chan Moses W $989,000 Fidelity National Title Co
Mcdonagh John -- First American Title Company
Mcdonagh John $1,150,000 First American Title Company
Cesare Mark A -- --
Cesare Mark A -- --
Cesare Mark A -- First American Title Co
Cesare Mark A $595,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fadayel David $1,275,000
Previous Owner Tham Bradley Carl $311,500
Previous Owner Chan Moses W $701,250
Previous Owner Chan Moses $730,000
Previous Owner Chan Moses W $741,750
Previous Owner Mcdonagh John $747,500
Previous Owner Cesare Mark A $528,000
Previous Owner Cesare Mark A $32,000
Previous Owner Cesare Mark A $467,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2022 07/07/22 Sold $2,400,000 -3.9% $587 / Sq Ft
05/26/2022 05/26/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $2,498,000 0.0% $611 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $2,498,000 0.0% $611 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
03/10/2022 03/10/22 For Sale $2,498,000 +33.7% $611 / Sq Ft
09/29/2015 09/29/15 Sold $1,869,000 +10.3% $693 / Sq Ft
07/01/2015 07/01/15 Pending -- -- --
06/18/2015 06/18/15 For Sale $1,695,000 -- $628 / 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 $33,028 $2,496,960 $1,768,680 $728,280
2023 $33,028 $2,400,000 $1,700,000 $700,000
2022 $28,166 $2,084,900 $1,042,450 $1,042,450
2021 $27,703 $2,044,020 $1,022,010 $1,022,010
2020 $27,329 $2,023,062 $1,011,531 $1,011,531
2019 $26,873 $1,983,396 $991,698 $991,698
2018 $26,156 $1,944,506 $972,253 $972,253
2017 $25,752 $1,906,380 $953,190 $953,190
2016 $25,175 $1,869,000 $934,500 $934,500
2015 $16,142 $1,059,692 $529,846 $529,846
2014 $15,527 $1,038,936 $519,468 $519,468
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81881815

MLSListings

APN: 050-171-100