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Sold for $2,500,000
  • Tax assessed value
    $2,500,000

    241 Wheeler Ave, Redwood City, CA 94061

    7beds
    7baths
    4,540sqft
    Triplex, Residential Income
    Built in 1971
    -- sqft lot
    $2,797,000 Zestimate®
    $551/sqft
    $4,760 Estimated rent

    Home value

    $2,797,000

    $2.41M - $3.22M

    $4,760/mo

    Zestimate® history
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    $15,819/mo

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    What's special

    Steps from Atherton, 241-245 Wheeler Ave is a prime investment with a total square footage of 4,540 on a 9,856 sq ft lot. Located on a quiet and picturesque block, with easy access to Safeway, coffee shops, parks, Stanford University, Stanford shopping center. Variety of commute options include 82, 84, and US 101. Back Unit #241: Features 3 beds, 2 baths, a 2-car garage, and a private backyard. This unit has just become vacant. Front Units: Both tenant-occupied: Unit #243: Offers 2 beds, 2.5 baths, and 1 parking space. Unit #245: Offers 2 beds, 1.5 baths, and 1 parking space. This triplex boasts great rental income potential. Move into the vacant unit and collect rental income from the two front units, or rent out all three and enjoy being a proud landlord. Don't miss out on this rare opportunity!

    Zillow last checked:

    Listing updated:

    Listed by:

    Suki Tsang 01968906 415-860-9668,

    Chance Real Estate 415-860-9668

    Bought with:

    Jinying Su, 01941681

    BQ Realty

    Source: MLSListings Inc,MLS#: ML81972810MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 7
    Heating
    • Central Forced Air Gas
    Cooling
    • Other
    Features
    • Doors: None
    Interior area
    • Total structure area: 4,540
    • Total interior livable area: 4,540 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached, Enclosed
    • Garage spaces: 4
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 9,856 Square Feet
    Details
    • Parcel number: 059113420
    • Zoning: R20000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Residential Income
    Materials
    • Foundation: Other, Crawl Space
    • Roof: Other
    Condition
    • Year built: 1971

    Utilities & green energy

    • Gas: PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & HOA

    Location
    • Region: Redwood City

    Financial & listing details

    • Price per square foot: $551/sqft
    • Tax assessed value: $2,500,000
    • Annual tax amount: $21,002
    • Date on market: 7/11/2024
    • Listing agreement: ExclusiveRightToSell
    • Inclusions: OvenRangeAllUnits
    • Lease term: Month To Month

    Price history

    DateEventPrice
    11/1/2024Sold$2,500,000-6.7%$551/sqft
    Source: MLSListings Inc #ML81972810 Report a problem
    10/27/2024Pending sale$2,680,000$590/sqft
    Source: MLSListings Inc #ML81972810 Report a problem
    9/4/2024Contingent$2,680,000$590/sqft
    Source: MLSListings Inc #ML81972810 Report a problem
    7/11/2024Listed for sale$2,680,000+69.6%$590/sqft
    Source: MLSListings Inc #ML81972810 Report a problem
    3/13/2015Listing removed$3,900$1/sqft
    Source: Prime Metropolis Properties Inc. DBA Land & Property Investment CalBRE #01962644 Report a problem
    3/3/2015Price change$3,900-1.3%$1/sqft
    Source: Prime Metropolis Properties Inc. DBA Land & Property Investment CalBRE #01962644 Report a problem
    2/14/2015Price change$3,950-1.1%$1/sqft
    Source: Prime Metropolis Properties Inc. DBA Land & Property Investment CalBRE #01962644 Report a problem
    1/13/2015Price change$3,995-4.9%$1/sqft
    Source: Prime Metropolis Properties Inc. DBA Land & Property Investment CalBRE #01962644 Report a problem
    12/10/2014Listed for rent$4,200$1/sqft
    Source: Land & Property Investment, Inc. BRE #01013949 Report a problem
    6/23/2014Sold$1,580,000$348/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$27,413 +28.5%$2,500,000 +30.2%
    2024$21,325 +1.5%$1,920,068 +2%
    2023$21,001 +4.9%$1,882,421 +2%
    2022$20,013 +1%$1,845,512 +2%
    2021$19,818 +1.4%$1,809,327 +1%
    2020$19,552 +0.4%$1,790,777 +2%
    2019$19,480 +3.9%$1,755,666 +3.1%
    2018$18,752 +1.1%$1,702,242 +2%
    2017$18,549 +1.6%$1,668,866 +2%
    2016$18,266 +3.9%$1,636,144 +1.5%
    2015$17,582 +55.6%$1,611,568 +56.2%
    2014$11,296 $1,032,005 +0.5%
    2013-- $1,027,343 +2%
    2012-- $1,007,202
    2011-- $1,007,202 +2.8%
    2010-- $980,077 -0.2%
    2009-- $982,407 +2%
    2008-- $963,145 +2%
    2007-- $944,262 +2%
    2006-- $925,749 +75.6%
    2005-- $527,317 +4%
    2004-- $506,842 +1.9%
    2003-- $497,554 +2%
    2002-- $487,799 +2%
    2001-- $478,236 +2%
    2000-- $468,860
    Find assessor info on the county website

    Neighborhood: Redwood Oaks

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: RedwoodCityElementary

    Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $2,797,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,797,000