NOT LISTED FOR SALE

Redwood City, CA 94062

Roosevelt Neighborhood

Estimated Value: $1,945,000 - $2,386,000

5 Beds
4 Baths
3,356 Sq Ft
$644/Sq Ft Est. Value

Last Sold March 18, 2020

Last sale price $1,800,000 $536 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $13,453/month

8 Days on Market

Highlights

  • Wood Flooring
  • Secured Garage or Parking
  • Coin Laundry
  • Sequoia High School Rated A
  • Laundry Room
  • Fenced

About This Home

As of March 2020

Close to shopping and transportation Center. 3 one bedroom and 1 two always rented.

Last Agent to Sell the Property

Jim O'Connor

Terrace Associates License #00345910 Listed on: 02/07/2020

Last Buyer's Agent

Karon T Knox-Franzella

Berkshire Hathaway Home Services California Realty License #00991488

Berkshire Hathaway Home Services California Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,443

Year Built

  • 1951

Lot Details

  • 5,001 Sq Ft Lot
  • Fenced
  • Sprinkler System

Parking

  • 4 Car Garage
  • Secured Garage or Parking
  • On-Street Parking

Home Design

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

Interior Spaces

  • 3,356 Sq Ft Home
  • 1-Story Property
  • Gas Oven
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $81,600

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $900
  • Insurance Expense $1,200
  • Maintenance Expense $99
  • Manager Expense $4,896
  • Other Expense $6,959
  • Utility Expense $99
  • Trash Expense $741
  • Operating Expense $16,325
  • Gross Income $81,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,443

Year Built

1951

Lot Details

0

Parking

4

Listing Details

  • Zoning: R4
  • Subclass: Fourplex
  • Age: 69
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3356
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Kitchen: Hookups - Gas, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3356
  • Stories: 1
  • Security: Secured Garage / Parking
  • Laundry: Coin Operated
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Fenced, Sprinklers - Lawn
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage, On Street

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.05
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 900
  • Expense Maintenance: 99
  • Expense Management: 4896
  • Expenses Other: 6959
  • Expenses Total: 16325
  • Expenses Utility: 99
  • Expense Trash: 741
  • Income Annual Gross: 81600.00
  • Income Annual Rental: 81600
  • Income Gross Scheduled: 81600
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2020
Closed on
Mar 8, 2020
Sold by
Binkley Jefferson Property Llc
Bought by
Christensen Cameron and Christensen Tamara R
Seller's Agent
Jim O'Connor
Terrace Associates
Buyer's Agent
Karon T Knox-Franzella
Berkshire Hathaway Home Services California Realty
List Price
$1,799,111
Sold Price
$1,800,000
Premium/Discount to List
$889
0.05%
Current Estimated Value
$2,130,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,665
Avg. Annual Appreciation
3.02%
Original Mortgage
$1,200,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2010
Sold by
Peltier Sherri M and Binkley John
Bought by
Binley Jefferson Property Company Llc
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
Christensen Cameron $1,800,000 Fidelity National Title Co
Binley Jefferson Property Company Llc -- None Available
Peltier Sherri M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christensen Cameron $1,204,425
Closed Christensen Cameron $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2020 03/18/20 Sold $1,800,000 0.0% $536 / Sq Ft
02/15/2020 02/15/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $1,799,111 -- $536 / 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 $21,443 $1,968,558 $1,203,008 $765,550
2023 $21,443 $1,892,119 $1,156,295 $735,824
2022 $20,124 $1,855,020 $1,133,623 $721,397
2021 $19,929 $1,818,648 $1,111,396 $707,252
2020 $1,436 $119,014 $28,200 $90,814
2019 $1,431 $116,682 $27,648 $89,034
2018 $1,388 $114,395 $27,106 $87,289
2017 $1,374 $112,153 $26,575 $85,578
2016 $1,327 $109,954 $26,054 $83,900
2015 $1,281 $108,303 $25,663 $82,640
2014 $1,258 $106,183 $25,161 $81,022
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jim O'Connor

    Terrace Associates

    Section Image

  • K

    Buyer's Agent in 2020

    Karon T Knox-Franzella

    Berkshire Hathaway Home Services California Realty

    Section Image
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Source: MLSListings

MLS Number: ML81781782

MLSListings

APN: 053-033-290

California San Mateo County Redwood City 94061

Roosevelt

This home since 07 February 2020 and is currently estimated at $2,162,493, approximately $644 per square foot. This property was built in 1951. This home is a home located in San Mateo County with nearby schools including Roosevelt Elementary School, John F. Kennedy Middle School, and Sequoia High School.

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