31 Northumberland Avenue, Redwood City, California 94063, Redwood City, 94063 - 3 bed, 3 bath
ACTIVE$1,875,000$2,400/sqft
Est. Value: $1,865,078
%
FairlyEstimate
31 Northumberland Avenue, Redwood City, California 94063
3Beds
3Baths
2,400Sqft
5,572Lot
Price Vs. Estimate
The estimated value ($1,865,077.725) is $9,922.275 (0%) lower than the list price ($1,875,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Rental Income Potential: The property boasts impressive rental income potential, currently generating over $12,500 per month, making it highly attractive for investors or buyers seeking mortgage offset.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2400, other record living area = 1340.
Compared to the nearby listings
Price:$1.88M vs avg $1.33M (+$540,000)93%
Size:2,400 sqft vs avg 1,250 sqft93%
Price/sqft:$781 vs avg $1.1K7%
More Insights
Built in 1910 (116 years old).
Condition: This property, built in 1910, has undergone significant renovations to achieve its 'move-in ready' status. The main house features well-maintained hardwood floors, fresh paint, modern recessed lighting, and stainless steel kitchen appliances that appear relatively new. While the kitchen cabinets and granite countertops, along with the main bathroom's vanity and tile style, show signs of a renovation that is likely 10-20 years old rather than brand new, they are clean and fully functional. The three ADUs, while featuring more basic finishes and relying on window AC units, appear to be functional and relatively recent additions, contributing to the property's overall utility. The presence of window AC units in some areas is a minor detractor from a higher score, but the overall condition is well-maintained with no immediate renovations required, aligning with the 'Good' criteria.
Year Built
1910
Close
-
List price
$1.88M
Original List price
$1.88M
Price/Sqft
$781
HOA
-
Days on market
-
Sold On
-
MLS number
ML82031337
Home ConditionGood
Features
Deck
View-
About this home
This move-in ready property offers impressive rental income potential, generating over $12,500 per month. Featuring bamboo floor and hardwood floors throughout, the main home includes a spacious living room, dining area, and an expansive kitchen. The layout provides 2 large bedrooms and 2 full bathrooms on the main level, with an upstairs loft-style suite including a bedroom, bathroom, and additional flex space. The backyard opens directly from the dining and kitchen areas and features three additional ADUs, offering even more rental income streams. All ADUs include their own kitchens and bathrooms, offering complete privacy and functionality for each unit. Ideally located near public transit, shopping, and vibrant downtown, this property combines comfort, convenience, and strong cash flow potential. Whether you're a seasoned investor or a buyer looking to offset your mortgage with rental income, this is a must-see!
E
Echo Wu
Listing Agent
Nearby schools
4/10
Hoover Elementary School
Public,•K-8•0.6mi
5/10
Selby Lane Elementary School
Public,•K-8•1.1mi
5/10
John F. Kennedy Middle School
Public,•5-8•1.5mi
6/10
Woodside High School
Public,•9-12•2.3mi
7/10
Menlo-Atherton High School
Public,•9-12•2.6mi
Price History
Date
Event
Price
08/31/01
Sold
$395,000
03/07/22
Sold
$1,300,000
05/09/14
Sold
$590,000
01/25/12
Sold
$295,000
Condition Rating
Good
This property, built in 1910, has undergone significant renovations to achieve its 'move-in ready' status. The main house features well-maintained hardwood floors, fresh paint, modern recessed lighting, and stainless steel kitchen appliances that appear relatively new. While the kitchen cabinets and granite countertops, along with the main bathroom's vanity and tile style, show signs of a renovation that is likely 10-20 years old rather than brand new, they are clean and fully functional. The three ADUs, while featuring more basic finishes and relying on window AC units, appear to be functional and relatively recent additions, contributing to the property's overall utility. The presence of window AC units in some areas is a minor detractor from a higher score, but the overall condition is well-maintained with no immediate renovations required, aligning with the 'Good' criteria.
Pros & Cons
Pros
Exceptional Rental Income Potential: The property boasts impressive rental income potential, currently generating over $12,500 per month, making it highly attractive for investors or buyers seeking mortgage offset.
Multiple Income-Generating ADUs: Features three additional Accessory Dwelling Units (ADUs), each with its own kitchen and bathroom, providing diverse and robust income streams with complete privacy and functionality.
Prime Location: Ideally situated near public transit, shopping centers, and the vibrant downtown area, offering convenience and desirability for tenants and residents alike.
Move-in Ready Condition: Described as 'move-in ready,' indicating that immediate occupancy is possible without significant upfront renovations, appealing to a broad range of buyers.
Quality Interior Finishes: The main home features attractive bamboo and hardwood floors throughout, contributing to a modern aesthetic and durability.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2400, other record living area = 1340.
Age of Property: Built in 1910, the property's age may imply potential for older infrastructure (e.g., plumbing, electrical, foundation) that could require future maintenance or upgrades not explicitly detailed.
Vague High School District Information: The high school district is listed as 'Other,' which lacks specific information and might be a concern for buyers prioritizing specific school districts or quality ratings.
Complex Property Management: Managing a main house plus three separate ADUs could entail increased complexity in tenant relations, maintenance coordination, and regulatory compliance compared to a single-family residence.