NOT LISTED FOR SALE

1010 Pine St Menlo Park, CA 94025

Lindenwood Neighborhood

Estimated Value: $2,560,000 - $3,952,041

6 Beds
3 Baths
4,496 Sq Ft
$774/Sq Ft Est. Value

Last Sold July 30, 2013

Last sale price $1,980,000 $440 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $20,584/month

14 Days on Market

Highlights

  • Mountain View
  • Deck
  • Balcony
  • Encinal Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Burgess Park

About This Home

As of July 2013

STUNNING TURNKEY TRIPLEX IN PRIME MENLO PARK LOCATION ON QUIET TREE LINED STREET*RARELY AVAILABLE & CLOSE TO EVERYTHING:SCHOOLS,PARKS,SHOPS & RESTAURANTS TOP MP SCHOOLS ENCINAL*HILLVIEW*MA*WELL DESIGNED LARGE UNITS, EACH UNIT IS VERY PRIVATE W/2 CAR TANDEM GARAGES SEPARATING UNITS*ALL HAVE SIDE YARDS OR BALCONY*SPACIOUS OPEN FLOORPLAN*WOOD FLOORS*DUAL PANE,MANY UPGRADES THROUGHOUT

Last Agent to Sell the Property

Boyenga Team

Intero Real Estate Services License #70010882 Listed on: 07/09/2013

Intero Real Estate Services

Last Buyer's Agent

Pam Blackman

Intero Real Estate Services License #00584333

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Lot Details

  • Lot Sloped Up
  • Sprinkler System

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Triplex
  • Tar and Gravel Roof
  • Foam Roof

Interior Spaces

  • 4,496 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • Vinyl

Parking

  • Private Parking
  • Guest Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Not Connected to Sewer

Listing and Financial Details

  • Total Actual Rent $76,600
  • The owner pays for garbage, services - gardener/landscaping

Community Details

Overview

  • 4,496 Sq Ft Building

Building Details

  • Gardener Expense $1,800
  • Insurance Expense $3,677
  • Maintenance Expense $540
  • Manager Expense $2,400
  • Trash Expense $2,774
  • Operating Expense $19,166
  • Gross Income $76,600

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

8,189 Sq Ft Lot

Listing Details

  • Zoning: R30
  • Subclass: Triplex
  • Inspections Reports: Geological/Flood, Pest Control
  • Sale Price Per Sq Ft: 440.39
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 4496
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range
  • Living Sq Ft: 4496
  • Stories: 2
  • Laundry: Laundry Area - In Unit
  • Flooring: Tile, Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Roof: Tar And Gravel, Foam
  • View: Mountains, Local/Neighborhood
  • Yard/Grounds: Sprinklers - Lawn, Balcony / Patio, Deck

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Guest / Visitor Parking, Spaces Per Unit - 1, Off-Street Parking

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Floor Furnace
  • Sewer/Septic System: Sewer Not Connected

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • High School: 658

Lot Info

  • Lot Description: Grade - Sloped Up
  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8190.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 8190.00
  • Lot Size Area Min Search: 8190.00
  • Maximum Lot Size: 8190.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 25.85

Multi Family

  • Expense Insurance: 3677
  • Expense Landscape: 1800
  • Expense Maintenance: 540
  • Expense Management: 2400
  • Expenses Total: 19166
  • Expense Trash: 2774
  • Income Annual Gross: 76600.00
  • Income Annual Rental: 76600
  • Income Gross Scheduled: 76600
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Insurance, Maintenance - Repair, Fee - Property Management, Fee - Property Tax
  • Owner Pays: Garbage, Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2014
Sold by
Glassman Lucille Reid
Bought by
1010 Pine Street Llc
Current Estimated Value
$3,480,014

Purchase Details

Closed on
Oct 16, 2013
Sold by
Glassman Lucille Reid
Bought by
Glassman Lucille Reid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 9, 2013
Closed on
Jul 26, 2013
Sold by
The Roy Family Partnership
Bought by
Glassman Lucille R and The Glassman Bypass Trust
Seller's Agent
Boyenga Team
Intero Real Estate Services
Buyer's Agent
Pam Blackman
Intero Real Estate Services
List Price
$1,980,000
Sold Price
$1,980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%

Purchase Details

Closed on
Oct 29, 2012
Sold by
Menlo Pine Llc
Bought by
Burke Vincent D and Tolentino Corito S

Purchase Details

Closed on
Jun 18, 2008
Sold by
Mostofi Shahla
Bought by
Mostofi Ahmad

Purchase Details

Closed on
Oct 29, 1998
Sold by
Roy P J
Bought by
The Roy Family Partnership

Purchase Details

Closed on
Apr 27, 1995
Sold by
Roy Patricia J
Bought by
Roy Patricia J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1010 Pine Street Llc -- None Available
Glassman Lucille Reid -- Equity Title Orange County I
Glassman Lucille R $1,980,000 Orange Coast Title Company O
Burke Vincent D $1,675,000 First American Title Company
Mostofi Ahmad -- Chicago Title Co
The Roy Family Partnership $655,000 Chicago Title Insurance Co
Roy Edward Laurence -- Chicago Title Insurance Co
Roy Patricia J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Glassman Lucille Reid $1,140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2013 07/30/13 Sold $1,980,000 0.0% $440 / Sq Ft
07/23/2013 07/23/13 Pending -- -- --
07/09/2013 07/09/13 For Sale $1,980,000 -- $440 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $31,883 $2,427,200 $1,213,600 $1,213,600
2023 $31,883 $2,332,950 $1,166,475 $1,166,475
2022 $30,370 $2,287,206 $1,143,603 $1,143,603
2021 $29,718 $2,242,360 $1,121,180 $1,121,180
2020 $29,495 $2,219,368 $1,109,684 $1,109,684
2019 $29,026 $2,175,852 $1,087,926 $1,087,926
2018 $28,261 $2,133,190 $1,066,595 $1,066,595
2017 $27,746 $2,091,364 $1,045,682 $1,045,682
2016 $26,973 $2,050,358 $1,025,179 $1,025,179
2015 $26,617 $2,019,560 $1,009,780 $1,009,780
2014 $26,037 $1,980,000 $990,000 $990,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Boyenga Team

    Intero Real Estate Services

    Section Image

  • P

    Buyer's Agent in 2013

    Pam Blackman

    Intero Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81324457

MLSListings

APN: 061-382-200

California San Mateo County Menlo Park 94025 Lindenwood

1010 Pine St, Menlo Park, CA

Not Listed for Sale

MultiFamily

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