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217 Madison Ave, Redwood City, CA, 94061

8beds
5baths
3,783sqft
$1,750,000
$463price/sqft
$11,409/moest. monthly cost
$456,360/yrincome needed

About This Home

Welcome to this spacious 3,783 square foot, approx. 3 Unit home located in the vibrant city of Redwood City. This property boasts 4 Br 3 Ba Versatile/flexible ground unit floorplan plus 2 x 2Br. Units with well designed kitchens complete with ample space for meal preparation and entertaining. The Property features comfortable room layouts providing private space for everyone; gives warmth to the living area. Thoughtfully appointed, this multi-family home is designed to complement any life style. With 3 Garages and a Coin-Op Laundry benefitting everyone. Well Located and Conveniently near to Starbucks, Whole Foods, Sequoia Station Train and Bus, Downtown Restaurants and occasional Lively Entertainment at Courthouse Square! Additional amenities include forced air gas heaters, insuring comfort during the cooler months. Solar on the roof. And the separate 3 car garage features automatic garage doors. These three homes are served by the Redwood City Elementary School District. Make your residence in one unit and enjoy the Benefit of monthly Rental Income from the other Units! Don't miss the opportunity to explore this Income Property in Redwood City, offering a blend of comfort, space, and practicality in a very good Location. A good Producer. Great Starter Investment!

Getting Around

92
WalkingWalker's Paradise
0
TransitVery Limited Transit
73
BikeVery Bikeable

Schools

4/10
7/10
Sequoia High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1969

Materials

  • Foundation: Concrete Perimeter
  • Roof: Mansard, Polyurethane

Type & Style

  • Home type: MultiFamily
  • Architectural style: French
  • Property subType: Triplex,Residential Income

Interior

Appliances

  • Appliances included: Washer/Dryer
  • Laundry features: Coin Operated

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 5

Features

  • Door features: None

Heating & Cooling

  • Heating features: Forced Air,Gas
  • Cooling features: None

Interior Area

  • Total structure area: 3,783
  • Total interior livable area: 3,783 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 053062090
  • Zoning: R
  • Special condition: Standard

Features

  • Stories: 2
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 5,200 sqft
  • Features: Mostly Level

Parking

  • Total spaces: 3
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding

FEMA Declared Disasters in San Mateo County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,848$106,176
Home Insurance *$135$1,620
Property Taxes $1,615$19,380
Electricity $811$9,734
Total$11,409$136,908
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$391,165/yr
40% on housing$342,270/yr
45% on housing$304,240/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.1%
7.1%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$463This listing

vs Other Active Listings

Avg $/sqft

ZIP 94061$826
San Mateo County$915

vs Homes Sold Last Month

Median $/sqft

ZIP 94061$1,225
San Mateo County$1,106

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-10Listed for sale$1,750,000
2013-04-17Sold$860,000
2011-11-08Listing removed$788,000
2011-05-10Listed for sale$788,000
2005-02-01Sold$850,000
2003-04-25Sold$730,000

For Sale by Agent

AgentKarl Dresden
BrokerageTerrace Associates

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