NOT LISTED FOR SALE

614 S Idaho St San Mateo, CA 94402

Downtown San Mateo Neighborhood

Estimated Value: $1,402,000 - $1,912,489

2 Beds
2 Baths
1,804 Sq Ft
$882/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $1,250,000 $693 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $10,279/month

29 Days on Market

About This Home

As of July 2021

Duplex has been in trust for many years, surviving Trustee is selling. Property in mostly original condition on a huge 7,000 sq. ft. with additional access from alley in the rear. Large lot may be perfect to expand rear unit or check out ADU possibilities.

Last Listed By

Timothy Gilmartin

Gilmartin Group License #00841354 Listed on: 05/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,780

Year Built

  • 1948

Lot Details

  • 7,000

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1,804 Sq Ft Home
  • 1-Story Property

Additional Features

  • 7,000 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $34,020

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,476
  • Maintenance Expense $950
  • Manager Expense $2,060
  • Operating Expense $11,172
  • Gross Income $34,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,780

Year Built

1948

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM0000
  • Subclass: Duplex
  • Style: Ranch
  • Age: 73
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1804
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Living Sq Ft: 1804
  • Stories: 1

Exterior Features

  • Foundation: Pillars / Posts / Piers
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: San Mateo Union High

Lot Info

  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 39.09
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1476
  • Expense Landscape: 600
  • Expense Maintenance: 950
  • Expense Management: 2060
  • Expenses Total: 11172
  • Income Annual Gross: 34020.00
  • Income Annual Rental: 34020
  • Income Gross Scheduled: 34020
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener
  • Tenant Expenses: Services - Sewer, 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
May 3, 2021
Closed on
Aug 6, 2021
Sold by
Lai Dani Wenyi and Lai Dani W
Bought by
Lai Dani Wenyi
Seller's Agent
Timothy Gilmartin
Gilmartin Group
Buyer's Agent
Dani Lai
Bay East AOR
List Price
$1,330,000
Sold Price
$1,250,000
Premium/Discount to List
-$80,000
-6.02%
Total Days on Market
29
Current Estimated Value
$1,591,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,122
Avg. Annual Appreciation
5.46%
Original Mortgage
$735,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2021
Closed on
Jul 8, 2021
Sold by
Seal Barbara L and Seal Barbara L
Bought by
Lai Dani W
Seller's Agent
Timothy Gilmartin
Gilmartin Group
Buyer's Agent
Dani Lai
Bay East AOR
List Price
$1,330,000
Sold Price
$1,250,000
Premium/Discount to List
-$80,000
-6.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 29, 2021
Sold by
St Lezin Justin and St Lezin Denise
Bought by
St Lezin Denise
Seller's Agent
Timothy Gilmartin
Gilmartin Group
Buyer's Agent
Dani Lai
Bay East AOR
List Price
$1,330,000
Sold Price
$1,250,000
Premium/Discount to List
-$80,000
-6.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2021
Sold by
Seal Barbara L and St Lezin Family Trust
Bought by
Seal Barbara L and Steven C St Lezin Trust

Purchase Details

Closed on
Jul 25, 1997
Sold by
Stlezin Richard
Bought by
Stlezin Richard J and Stlezin Norine A

Range of Values:

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Average Value
Not Available
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
Lai Dani Wenyi -- North American Title Co Inc
Lai Dani W $1,250,000 North American Title Co Inc
Seal Barbara L -- None Available
Stlezin Richard J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lai Dani Wenyi $730,000
Closed Lai Dani Wenyi $735,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $1,250,000 -6.0% $693 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $1,330,000 -- $737 / 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
2023 $16,780 $1,275,000 $1,020,000 $255,000
2022 $16,664 $1,250,000 $1,000,000 $250,000
2021 $6,446 $360,651 $108,191 $252,460
2020 $6,086 $356,954 $107,082 $249,872
2019 $5,803 $349,956 $104,983 $244,973
2018 $5,362 $343,095 $102,925 $240,170
2017 $5,167 $336,368 $100,907 $235,461
2016 $5,025 $329,774 $98,929 $230,845
2015 $4,887 $324,821 $97,443 $227,378
2014 $4,298 $318,459 $95,535 $222,924
Source: Public Records

Agents Affiliated with this Home

  • Timothy Gilmartin

    Seller's Agent in 2021

    Timothy Gilmartin

    Gilmartin Group

    (408) 348-5013

    1 in this area

    22 Total Sales

    Timothy Gilmartin
    Section Image

  • D

    Buyer's Agent in 2021

    Dani Lai

    Bay East AOR

See All Agents

Map

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Source: MLSListings

MLS Number: ML81841983

MLSListings

APN: 033-303-120

California San Mateo County San Mateo 94402 Downtown San Mateo

614 S Idaho St, San Mateo, CA

Homes for Sale in San Mateo, CA

This home is located at 614 S Idaho St, San Mateo, CA 94402 since 03 May 2021 and is currently estimated at $1,591,122, approximately $881 per square foot. This property was built in 1948. 614 S Idaho St is a home located in San Mateo County with nearby schools including Sunnybrae Elementary School, Borel Middle School, and Aragon High School.

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