tomo logo

$2,998,000

Beds
6
Baths
4.5
sq ft
3,210

722 E 16th Ave, San Mateo, CA 94402

722 E 16th Ave

San Mateo, CA 94402

  • 43 days on market
This unique property offers the perfect combination of luxury and versatility, featuring two homes on one expansive lot! The main home has been completely renovated down to the studs, showcasing a spacious open layout with 4 bedrooms and 2.5 baths. The family room flows effortlessly to the patio and backyard, ideal for entertaining. Elegant touches include tray ceilings in the living room and vaulted ceilings with skylights in the primary ensuite, creating a light and airy atmosphere. The gourmet kitchen is a chefs dream, featuring custom cabinetry, porcelain countertops and backsplash, a high-end Miele appliances, and a Bespoke smart refrigerator with a beverage center. Complementing the main home is a brand-new, 1,200-square-foot ADU. This modern second home boasts an open layout with ultra-high ceilings, 2 bedrooms, 2 baths, a walk-in closet, and a den/office, providing ample living and work-from-home space. The ADU's kitchen is equally impressive, with custom cabinetry, porcelain countertops, and a large island with seating, perfect for casual dining and gatherings. Whether you're seeking multigenerational living or rental income, the possibilities are endless! Dont miss out on this rare opportunity to own two homes on one lot, perfectly situated for a modern lifestyle.

Details

Property type

Single Family Residence

Est. home value

$2,048,551

Lot size

8,800 sq ft

Price per sq ft

$934

Year built

1946

HOA

No

Price History

10/11/2024
BridgeMLS

BridgeMLS #ML81983405

Listed
$2,998,000
+78.77%
05/26/2022
BridgeMLS

BridgeMLS #40992904

Sold
$1,677,000

Schools & Community

Neighborhood: 

Sunnybrae

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

San Mateo Union High

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Washington Mutual Bank Fa

Loan start date

October 2005

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

Credit Line (Revolving), 30 year

Seller

John F Palavi and Isitalumu C Palavi

Lender

Washington Mutual Bank Fa

Loan start date

August 2005

Original loan amount

$300,000

Est. remaining balance

$167,777

Interest rate

5.62%

Loan type

Not Provided, 30 year

Seller

John F Palavi and Isitalumu C Palavi

Lender

Washington Mutual Bank Fa

Loan start date

November 2002

Original loan amount

$217,000

Est. remaining balance

$99,349

Interest rate

6.05%

Loan type

Not Provided, 30 year

Seller

John F Palavi and Isitalumu C Palavi

Lender

Washington Mutual Bank Fa

Loan start date

May 2000

Original loan amount

$80,000

Est. remaining balance

Not provided

Interest rate

8.24%

Loan type

Credit Line (Revolving)

Seller

John F Palavi and Isitalumu C Palavi

Lender

Washington Mutual Bank Fa

Loan start date

November 1998

Original loan amount

$160,000

Est. remaining balance

$44,886

Interest rate

6.9%

Loan type

Not Provided, 30 year

Seller

John F Palavi and Isitalumu C Palavi

Lender

World S/L

Loan start date

April 1997

Original loan amount

$194,000

Est. remaining balance

Not provided

Interest rate

7.65%

Loan type

Stand Alone First, 30 year

Seller

John F Palavi and Isitalumu C Palavi

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/23/2024 at 5:10 AM

Listing updated: 11/18/2024 at 5:06 AM

Listed by: Mike Danao, eXp Realty of California Inc Phone #: (650) 274-8890

MLS: BridgeMLS #ML81983405

BridgeMLS logo

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