NOT LISTED FOR SALE

Estimated Value: $1,361,000 - $2,029,570

4 Beds
2 Baths
1,328 Sq Ft
$1,350/Sq Ft Est. Value

Last Sold July 28, 2016

Last sale price $1,212,750 $913 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $10,550/month

19 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • Heating Available
  • Washington Elementary School Rated A
  • Washer and Dryer
  • 1-Story Property

About This Home

As of July 2016

Charming duplex in a walking distance to Burlingame Ave. Each unit has 2 bedroom, 1 bath with hardwood floors throughout. Gas fireplace in each unit. Washer/dryer in each unit. Complete renovation was done in 2005. Each unit has its own backyard. Parking spaces in the back.

Last Agent to Sell the Property

Maya Shirvani

Corcoran Icon Properties License #01450279 Listed on: 05/11/2016

Last Buyer's Agent

Linda Samaha

Keller Williams Palo Alto License #01369205

Keller Williams Palo Alto

Property Details

Home Type

  • Multi-Family

Year Built

  • 1922

Lot Details

  • 5,009

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,328 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Crawl Space
  • Washer and Dryer

Parking

  • 3 Car Detached Garage
  • No Garage
  • On-Street Parking
  • Assigned Parking

Additional Features

  • 5,009 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $64,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $75
  • Insurance Expense $105
  • Maintenance Expense $150
  • Operating Expense $1,294
  • Gross Income $64,800

Property Details

Home Type

Multi-Family

Year Built

1922

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1328
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1922

Interior Features

  • Living Sq Ft: 1328
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood

Exterior Features

  • Foundation: Crawl Space
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces, Common Parking Area, Detached Garage, No Garage, On Street, Parking Area

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1150
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.69
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.69

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 19.29
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 105
  • Expense Landscape: 75
  • Expense Maintenance: 150
  • Expenses Total: 1294
  • Income Annual Gross: 64800.00
  • Income Annual Rental: 64800
  • Income Gross Scheduled: 64800
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Gardener, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2016
Closed on
Jul 26, 2016
Sold by
Ghaneh Afshin and Ghaneh Maya
Bought by
Vossoughi Parviz and Vossoughi Shohre
Seller's Agent
Maya Shirvani
Corcoran Icon Properties
Buyer's Agent
Linda Samaha
Keller Williams Palo Alto
List Price
$1,250,000
Sold Price
$1,212,750
Premium/Discount to List
-$37,250
-2.98%
Current Estimated Value
$1,792,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$579,393
Avg. Annual Appreciation
4.14%

Purchase Details

Closed on
Nov 30, 2010
Sold by
Ghaneh Afshin
Bought by
Ghaneh Afshin and Ghaneh Maya

Purchase Details

Closed on
May 24, 2005
Sold by
Sullivan Suzanne C
Bought by
Ghaneh Afshin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
5.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 30, 2004
Sold by
Cng Holding Co Inc
Bought by
Sullivan Suzanne C

Purchase Details

Closed on
Nov 8, 2004
Sold by
Sneider & Sullivan Inc
Bought by
Sullivan Suzanne C

Purchase Details

Closed on
Apr 24, 1998
Sold by
Crosby N Gray & Co
Bought by
Cng Holding Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
7.06%
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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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
Vossoughi Parviz $1,213,000 Wfg National Title Ins Co
Ghaneh Afshin -- None Available
Ghaneh Afshin $850,000 First American Title Co
Sullivan Suzanne C $760,000 Ortc
Sullivan Suzanne C -- Ortc
Cng Holding Co Inc -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ghaneh Afshin $205,000
Previous Owner Ghaneh Afshin $645,000
Previous Owner Cng Holding Co Inc $2,100,000
Closed Vossoughi Parviz $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2016 07/28/16 Sold $1,212,750 -3.0% $913 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $1,250,000 -- $941 / 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 $15,927 $1,407,494 $1,134,760 $272,734
2023 $15,927 $1,352,842 $1,090,697 $262,145
2022 $15,362 $1,326,316 $1,069,311 $257,005
2021 $15,383 $1,300,311 $1,048,345 $251,966
2020 $15,064 $1,286,979 $1,037,596 $249,383
2019 $14,732 $1,261,745 $1,017,251 $244,494
2018 $14,454 $1,237,005 $997,305 $239,700
2017 $14,348 $1,212,750 $977,750 $235,000
2016 $11,710 $1,000,862 $500,431 $500,431
2015 $11,658 $985,830 $492,915 $492,915
2014 $11,489 $966,520 $483,260 $483,260
Source: Public Records

Agents Affiliated with this Home

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Source: MLSListings

MLS Number: ML81584982

MLSListings

APN: 029-225-160

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