NOT LISTED FOR SALE

1045 College Ave Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $4,873,000 - $6,351,000

5 Beds
4.5 Baths
4,198 Sq Ft
$1,378/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $4,500,000 $1,072 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $33,315/month

126 Days on Market

Highlights

  • 2 Fireplaces
  • Formal Dining Room
  • Central Air
  • Oak Knoll Elementary School Rated A
  • 2 Car Attached Garage
  • 4-minute walk to Jack W. Lyle Park

About This Home

As of September 2018

Sought after location in Allied Arts neighborhood of Menlo Park within blocks of downtown MP, Palo Alto,Stanford University, shopping, restaurants. Custom built home in 2006 with a graceful blend of classic Craftsman architecture,modern livability with huge welcoming porch. Hardwood floors throughout with radiant heat,Lutron lighting system, and distributed audio. Gourmet kitchen with soaring ceilings, skylight and top of the line appliances. Formal living room with fireplace,dining room with French doors and a stunning family room with fireplace adjacent to the kitchen. Five bedrooms including a main floor bedroom and luxurious master with heated bath floor and soaking tub,generous walk in closet.Large lower level recreation room with surround sound,bar area, and loads of storage throughout.Inviting slate terrace with gas lineal fireplace,stunning zen like landscaping and privacy.Home approx 4,198 sq ft plus approx 420sq ft garage. Excellent schools and just 1/2 mile to downtown.

Last Agent to Sell the Property

Judy Citron

Compass License #01825569 Listed on: 04/30/2018

Compass

Last Buyer's Agent

Terri Kerwin

Kerwin & Associates License #01181550

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,456

Year Built

  • Built in 2006

Lot Details

  • 7,301 Sq Ft Lot
  • Zoning described as R10008

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,198 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Gas Log Fireplace
  • Formal Dining Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Central Air
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 071-394-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,456

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 4198
  • Year Built: 2006
  • Zoning Description: R10008
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Log
  • Dining Room: Formal Dining Room
  • Living Sq Ft: 4198
  • Stories: 2
  • Fireplaces Min: 2
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central AC
  • Heating System: Radiant
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 658

Lot Info

  • Parcel Number: 071-394-010
  • Lot Acres: 0.1676
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7300.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7300.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Sequoia Union High
  • Elementary School Text: Oak Knoll Elementary
  • High School Text: Menlo-Atherton High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2018
Closed on
Sep 17, 2018
Sold by
Ibrahim Nabeel and The Liebat Family Trust
Bought by
Shinn John Patrick and Shinn Maryann C
Seller's Agent
Judy Citron
Compass
Buyer's Agent
Terri Kerwin
Kerwin & Associates
List Price
$4,995,000
Sold Price
$4,500,000
Premium/Discount to List
-$495,000
-9.91%
Current Estimated Value
$5,784,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,284,415
Avg. Annual Appreciation
3.61%
Original Mortgage
$195,500
Outstanding Balance
$170,136
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving
Estimated Equity
$5,614,279

Purchase Details

Closed on
Dec 27, 2011
Sold by
Korba Randy S
Bought by
Liebat Karl and Liebat Lila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,640,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2011
Sold by
Liebat Karl and Liebat Lila
Bought by
Liebat Karl J and Liebat Lila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,640,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2011
Sold by
Korba Randy S
Bought by
Korba Randy S

Purchase Details

Closed on
Dec 19, 2009
Sold by
Korba Randy S and Lane Janica E
Bought by
Korba Randy S

Purchase Details

Closed on
Apr 12, 2000
Sold by
Loris Ferrari and Ferrari Bruno
Bought by
Korba Randy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
7.87%

Purchase Details

Closed on
Aug 18, 1994
Sold by
Ferrari Loris and Ferrari Carlo
Bought by
Ferrari Loris and Ferrari Bruno

Purchase Details

Closed on
Jun 14, 1993
Sold by
Ferrari Stella
Bought by
Ferrari Loris and Ferrari Bruno
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
Shinn John Patrick $4,500,000 Old Republic Title Co
Liebat Karl $3,300,000 Chicago Title Company
Liebat Karl J -- Chicago Title Company
Korba Randy S -- None Available
Korba Randy S -- None Available
Korba Randy S $1,200,000 North American Title Co
Korba Randy S -- North American Title Co
Ferrari Loris -- --
Ferrari Loris -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shinn John Patrick $195,500
Previous Owner Liebat Karl $2,640,000
Previous Owner Korba Randy S $840,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2018 09/28/18 Sold $4,500,000 -6.0% $1,072 / Sq Ft
09/04/2018 09/04/18 Pending -- -- --
07/23/2018 07/23/18 Price Changed $4,785,000 -4.2% $1,140 / Sq Ft
04/30/2018 04/30/18 For Sale $4,995,000 -- $1,190 / 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 $36,456 $3,134,981 $1,346,350 $1,788,631
2023 $36,456 $3,013,247 $1,294,070 $1,719,177
2022 $34,810 $2,954,165 $1,268,697 $1,685,468
2021 $34,113 $2,896,241 $1,243,821 $1,652,420
2020 $33,931 $2,866,545 $1,231,068 $1,635,477
2019 $33,470 $2,810,339 $1,206,930 $1,603,409
2018 $42,424 $3,642,886 $1,821,443 $1,821,443
2017 $41,814 $3,571,458 $1,785,729 $1,785,729
2016 $40,806 $3,501,430 $1,750,715 $1,750,715
2015 $40,462 $3,448,836 $1,724,418 $1,724,418
2014 $39,815 $3,381,280 $1,690,640 $1,690,640
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Judy Citron

    Compass

    Section Image

  • T

    Buyer's Agent in 2018

    Terri Kerwin

    Kerwin & Associates

    Section Image

  • R

    Buyer's Agent in 2018

    Roger Hobbs

    tenXrealty

See All Agents

Map

Source: MLSListings

MLS Number: ML81703113

MLSListings

APN: 071-394-010

California San Mateo County Menlo Park 94025 Downtown Menlo Park

1045 College Ave, Menlo Park, CA

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