171 Shelter Cove Drive

Half Moon Bay, CA 94019

$1,325,000
Price
Beds
2,670 Sq. Ft.
$496 / Sq. Ft.
2,670
Sq. Ft.
$496
per Sq. Ft.

Description

Excellent value on the coast! Keep as 2 legal rental units, or easily turn back into a single-family home. Rents produce $6,350/mo, $76,200/yr. All rents have been paid in full and on time. Downstairs 1 bed / 1 bath is leased month to month at $2,350. Upstairs 3 bed / 2 bath unit month to month is $4,000. Priced at only $496/sq ft, perfect for investors wanting a 1031 exchange. Upper level approx 1,670 sq ft with large living room & dining room, 2 car garage with W/D, and spacious deck with views...

Property Details for 171 Shelter Cove Drive

MLS City Name
EL GRANADA
Building Type
DUPLEX
Complex Name
Princeton-by-the-Sea
Garage Spaces
2
Parking Spaces
2
View
Special

Property Details for 171 Shelter Cove Drive

StatusContingent - Show
MLS #ML81794709
Taxes$16,563 / year
HOA Fees$118
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units / 2 Units
Year Built1969
Lot Size0.13 AC / 5,641 SF
CountySan Mateo County

Listing Agent

Contact Agent(s)

Location

Listing Courtesy of Compass, Stephanie Sills, DRE #02060529

Listing Agent

  1. Stephanie Sills

    Listing Agent

    Compass

    DRE #02060529

Building Information for 171 Shelter Cove Drive

Stories2Residences2Year Built1969Building Size-Lot Size0.13 AC / 5,641 SF

Payment Calculator

$5,939 per month

30 year fixed, 2.95% Interest

Principal and Interest

$4,440

Property Taxes

$1,380

HOA Dues

$118

Property Information for 171 Shelter Cove Drive

Features
    Features
  • Amenities: Walk-in Closet
  • Laundry: Washer / Dryer
  • Living SqFt: 2670
  • Pool: No
  • Security Features: Secured Garage / Parking, Other
  • Special Features: None
    Utilities
  • Cooling: Multi-Zone
  • Heating: Forced Air
  • Meters: Master Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
    Carport and Parking
  • Carport Min: 0
    Garage
  • Garage Parking Features: Attached Garage, On Street
Property Details
    Homeowners Association
  • HOA Amenities: Playground
  • HOA Exists: 1
  • HOA Fee: $118
    Property Details
  • Area Text: Clipper Ridge/Princeton-by-the-Sea
  • Restrictions: Parking Restrictions
  • Roof: Composition, Shingle
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 171
  • Street Name: Shelter Cove
  • Street Suffix: Drive
  • Area ID: 623
Lot / Property Details
    Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2670
  • Structure SqFt Source: Assessor
  • Age: 51
    Development Information
  • Ownership Type: Individual
  • Zoning Detail: R10006
    Location Information
  • Cross Street: Sea Ranch Ave
  • Parcel Number: 037-343-040
  • County Name: San Mateo
  • City Name: EL GRANADA
  • City Postal ID: 18
  • Postal Code: 94019
  • Elementary School District: 924
  • High School District Text: Cabrillo Unified
    Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .13
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
    Other Information
  • Dual Variable: Yes
Multi Family Information
    Building Information
  • No Of Leased: 2
    General Information
  • Annual Tax Amount: $16,563
  • Building Unit Total: 2
  • Capitalization Rate: 4.17
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 0
    Income / Expense Details
  • Expense Insurance: $1,385
  • Expense Landscape: $600
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $18,548
  • Operating Expenses Include: Fee - Association, Services - Gardener
  • Gross Rent Multiplier: 17.95
  • Income Annual Gross: $73,800
  • Income Annual Rental: $73,800
  • Income Gross Scheduled: $73,800
  • Income Other: $0
    Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $3,850
    Unit 2 Information
  • Unit 2 Approx Square Footage: 1000
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,300
    Unit Type 1
  • Unit Type1 Approx SqFt: 1670

Property History for 171 Shelter Cove Dr

DateEvent & SourcePriceAppreciation
Oct 4, 2020

Pending

EBRD #ML81794709

Oct 4, 2020

Pending

EBRD #ML81790805

Oct 3, 2020

Contingent - Show

MLSListings #ML81794709

DateEvent & SourcePrice
10/04/2020

Pending

EBRD #ML81794709

10/04/2020

Pending

EBRD #ML81790805

10/03/2020

Contingent - Show

MLSListings #ML81794709

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 171 Shelter Cove Drive

Taxable ValueLand$382,500Additions$739,500Total$1,122,000
Tax Record2018$4,192
Home Facts
Beds4Total Finished SqFt2,670 SqFtAbove Grade Finished SqFt2,670 SqFtUnfinished Basement SqFt440 SqFtLot Size5,642 SqFtStyleSingle Family ResidenceYear Built1969ZoningR10006CountySAN MATEOAPN037343040

Schools near 171 Shelter Cove Drive


SchoolTypeGradesDistanceRating
Farallone View Elementary SchoolPublicK-52.6 mi
4
Half Moon Bay High SchoolPublic9-124.1 mi
7
Pilarcitos Alternative High (Continuation) SchoolPublic9-124.3 mi
NR
La Costa AdultPublic4.3 mi
NR

Farallone View Elementary School

K-5, 2.6 mi, Public

4

Half Moon Bay High School

9-12, 4.1 mi, Public

7

Pilarcitos Alternative High (Continuation) School

9-12, 4.3 mi, Public

NR

La Costa Adult

4.3 mi, Public

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Stephanie Sills, DRE #02060529

Based on information from the San Francisco Association of Realtors as of 06/01/2020 12:00 AM, the MLSListings MLS as of 06/01/2020 12:00 AM, or the BAREIS MLS as of 06/01/2020 12:00 AM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 10/06/2020 11:04 AM