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1188 Fay Street

1188 Fay Street, Redwood City, CA 94061
Multifamily in Palm Park
Local assessors in Redwood City, CA have categorized 1188 Fay Street as a residential type of property. The home was built in 1948 and is 76 years old. The property's lot size has been calculated to be 5,872 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 2 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1188 Fay Street has a total of 1,756 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 400 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in Sep 3, 2021 for $1,523,000. That's $867.31 per sqft. Prior to that sales transaction, the property was also sold in Mar 23, 1998 for $300,000. 1188 Fay Street was last assessed in 2022. The total value of the property was assessed at $1,523,000. Specifically, the land the property is located on was valued at $975,000. While improvements on the property were assessed at a total of $548,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $16,530. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Attached Garage
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210724
07/24/2021
3 Bed
-
1756 ft²
$1,500,000
bedrooms
3 Bed
bathrooms
-
square feet
1756 ft²
$1,523,000 +1.53%
09/13/2021
Pamela Tyson
Compass

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Duplex
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,872
  • Total Building Area: 1,756
  • Gross Building Area: 1,756
  • Building Area: 1,756
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,756
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CITY OF REDWOOD CITY
  • Land Acres: 0.135
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT 15 BLOCK C FAYS REDWOOD GARDENS RSM 13/75 CITY OF REDWOOD CITY

Ownership

  • Current Owner : QIU LI
  • Current Owner 2: LIU JINGHONG
  • Previous Owner : SHREFFLER COLLEEN
  • Previous Owner 2: THE SHREFFLER LIVING TRUST
  • Owner Before Previous Owner: HOUSEHOLD BANK FSB
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Sequoia Union High School District
  • Census Tract: 610902

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 36-F3
  • Parcel: 053-113-160
  • Block: C
  • Lot: 15
  • Latitude: 37.475
  • Longitude: -122.227

    Address

  • Full Address: 1188 Fay St
  • Address - House Number: 1188
  • Address - Street Name: Fay
  • Address - Suffix Type: St
  • State: CA
  • City Name: Redwood City
  • Carrier Code: C027
  • 4-Digit Zip Code: 2241
  • Zip Code: 94061

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,530
  • Tax Rate Code Area: 09-001

    Appraisal Valuation

  • Standard Deviation: 0.2064
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 72
  • Final Value: 1,554,875
  • High Value: 1,875,934
  • Low Value: 1,233,816

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,136,250
  • First Open Lien Mortgage Lender: GOOGAIN INC
  • First Open Lien Mortgage Recording Date: Sep 13, 2021
  • First Open Lien Mortgage Loan Amount: $1,136,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,523,000
  • Assessed Land Value: $975,000
  • Assessed Improvements Value: $548,000

    Sales

  • Current Sale Contract Date: Sep 03, 2021
  • Current Sale Recording Date: Sep 13, 2021
  • Current Sale Transaction ID: 11859320737
  • Current Sale Price: $1,523,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-131448
  • Previous Sale Recording Date: May 07, 1998
  • Previous Sale Contract Date: Mar 23, 1998
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: GOOGAIN INC
  • First Mortgage Transaction Date: Sep 13, 2021
  • First Mortgage Loan Amount: $1,136,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: May 07, 1998
  • Previous Mortgage Loan Amount: $270,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 01, 2028

About Palm Park



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Frequently Asked Questions

What neighborhood is 1188 Fay Street located in?
The 1188 Fay Street is a multifamily located in the neighborhood of Palm Park in Palm Park, Redwood City.
What is the average sales price for listings in 1188 Fay Street?
The average sales price for units in 1188 Fay Street is $1,500,000 , or $854/sqft. currently.

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