NOT LISTED FOR SALE

1012 College Ave Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $5,860,000 - $6,318,000

4 Beds
3.5 Baths
3,581 Sq Ft
$1,694/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $5,700,000 $1,592 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $36,272/month

Highlights

  • Wine Cellar
  • Primary Bedroom Suite
  • Den
  • Oak Knoll Elementary School Rated A
  • Jetted Tub in Primary Bathroom
  • 5-minute walk to Jack W. Lyle Park

About This Home

As of May 2022

Welcome to this exquisite home in the heart of Allied Arts. This 4 bedroom/3.5 bathroom home has it all on a park-like 7800 sq ft lot. Meticulous attention to detail & the highest quality craftsmanship & materials can be seen throughout. Feel the luxury & sophistication upon entering by being greeted with beautiful inlaid hardwood floors. The main level features an open concept living space that leads directly out to the beautifully landscaped backyard to enjoy. Upstairs you'll retreat to the serenity offered in the privacy of your bedrooms. The fully built out basement offers a custom wine cellar with over 1000 bottle capacity in cedar wooden racks as well as an additional 500-600 bottles in bulk storage for wooden cases. The cellar even has its own AC unit! Ideally located close to Stanford Shopping, University & Hospital, Venture Capital Firms, Top-Rated Menlo Park Schools & just a short walk to Downtown to enjoy upscale shops & restaurants. This is one Gem you don't want to miss!

Last Agent to Sell the Property

Disen Cai

KW Advisors License #70010134 Listed on: 05/18/2022

KW Advisors

Last Buyer's Agent

Stephanie Elkins

Coldwell Banker Realty License #00897565

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,201

Year Built

  • 2005

Lot Details

  • 7,802 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,581 Sq Ft Home
  • Wine Cellar
  • Separate Family Room
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Den

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer and Dryer
  • Laundry Tub

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,201

Year Built

2005

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10008
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 3581
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room
  • Dining Room: Breakfast Bar, Breakfast Room, Formal Dining Room
  • Kitchen: Dishwasher, Freezer, Hood Over Range, Island With Sink, Microwave, Oven Range - Gas, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 3581
  • Bedrooms: Primary Suite / Retreat, Walk-In Closet
  • Laundry: Inside, Tub / Sink, Upper Floor, Washer / Dryer
  • Additional Rooms: Den / Study / Office, Laundry Room, Wine Cellar / Storage
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Primary - Stall Shower(s), Primary - Tub With Jets, Showers Over Tubs - 2+, Updated Bath

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced
  • Fencing: Fenced

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Cooling System: Central Ac
  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1791
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7800.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
May 16, 2022
Sold by
Tedesco Family Trust
Bought by
Eucalyptus Tiburon Holdings Llc
Seller's Agent
Disen Cai
KW Advisors
Buyer's Agent
Stephanie Elkins
Coldwell Banker Realty
List Price
$4,998,000
Sold Price
$5,700,000
Premium/Discount to List
$702,000
14.05%
Current Estimated Value
$6,066,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,923
Avg. Annual Appreciation
1.84%

Purchase Details

Closed on
Sep 23, 2014
Sold by
Tedesco Michael J and Tedesco Claudia M
Bought by
Tedesco Family Trust and Tesesco Claudia M

Purchase Details

Closed on
Apr 6, 2005
Sold by
Cupertino Development Corp
Bought by
Tedesco Michael J and Tedesco Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2002
Sold by
Sturmer Martin
Bought by
Cupertino Development Corp

Purchase Details

Closed on
Apr 15, 1994
Sold by
Quien Marie A
Bought by
Quien Marie A
Source: Public Records

Range of Values:

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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
Eucalyptus Tiburon Holdings Llc $5,700,000 First American Title
Tedesco Family Trust -- None Available
Tedesco Michael J $2,607,000 Chicago Title Insurance Co
Cupertino Development Corp $890,000 Chicago Title Insurance Comp
Quien Marie A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tedesco Michael J $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2022 05/25/22 Sold $5,700,000 +14.0% $1,592 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $4,998,000 -- $1,396 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $54,201 $4,981,000 $3,233,000 $1,748,000
2023 $54,201 $5,300,000 $3,440,000 $1,860,000
2022 $39,958 $3,424,338 $1,712,169 $1,712,169
2021 $39,116 $3,357,196 $1,678,598 $1,678,598
2020 $38,918 $3,322,774 $1,661,387 $1,661,387
2019 $38,394 $3,257,622 $1,628,811 $1,628,811
2018 $37,460 $3,193,748 $1,596,874 $1,596,874
2017 $36,916 $3,131,126 $1,565,563 $1,565,563
2016 $36,003 $3,069,732 $1,534,866 $1,534,866
2015 $35,691 $3,023,622 $1,511,811 $1,511,811
2014 $35,112 $2,964,394 $1,482,197 $1,482,197
Source: Public Records

Agents Affiliated with this Home

  • Disen Cai

    Seller's Agent in 2022

    Disen Cai

    KW Advisors

    (650) 622-2156

    2 in this area

    324 Total Sales

    Disen Cai
    Section Image
  • Stephanie Elkins

    Buyer's Agent in 2022

    Stephanie Elkins

    Coldwell Banker Realty

    (650) 324-4456

    3 in this area

    69 Total Sales

    Stephanie Elkins
    Section Image
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Map

Source: MLSListings

MLS Number: ML81891106

MLSListings

APN: 071-391-130

California San Mateo County Menlo Park 94025 Downtown Menlo Park

1012 College Ave, Menlo Park, CA

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