NOT LISTED FOR SALE

1101 Del Norte Ave Menlo Park, CA 94025

Belle Haven Neighborhood

Estimated Value: $1,210,000 - $2,620,000

5 Beds
2 Baths
2,114 Sq Ft
$854/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $1,300,000 $615 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $11,354/month

11 Days on Market

Highlights

  • Granite Countertops
  • Forced Air Heating System
  • Fenced
  • Menlo-Atherton High School Rated A
  • Washer and Dryer
  • 2-minute walk to Karl E Clark Park

About This Home

As of May 2022

Excellent cash flow with 4% cap rate. Property was fully remodeled in 2016 with stainless steel appliances, granite counters with contemporary cabinets, and laminate flooring. Remodeled bathrooms and dual paned windows throughout the units. New water heater and garage door in 2020. Downstairs is 3/1, with access to garage and laundry. Upstairs is 2/1. Storage shed in the backyard. Both units are currently rented so just buy it and start collecting rent. Easy access to 101, shopping and parks. 5 mins to Facebook and 10 to Google. Best deal in Menlo Park!

Last Agent to Sell the Property

Lynn Shi

Waldstein Realty License #01391747 Listed on: 04/21/2022

Last Buyer's Agent

Michael Bruno

Cal-West Realty License #00442848

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,442

Year Built

  • 1958

Lot Details

  • 4,840 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Wood Frame Construction

Interior Spaces

  • 2,114 Sq Ft Home
  • 2-Story Property
  • Granite Countertops
  • Washer and Dryer

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $70,200

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $718
  • Operating Expense $15,047
  • Gross Income $68,796

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,442

Year Built

1958

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2114
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Kitchen: Countertop - Granite
  • Living Sq Ft: 2114
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units

Exterior Features

  • Yard/Grounds: Fenced
  • Construction Type: Wood Frame

Garage/Parking

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

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1111
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4838.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4838.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 19.23
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 718
  • Expenses Total: 15047
  • Income Annual Gross: 68796.00
  • Income Annual Rental: 70200
  • Income Gross Scheduled: 70200
  • Income Includes: Rents
  • Meters: Master Gas, Master Water, Separate Electric, Separate Other
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Repair
  • Tenant Expenses: All Expenses
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2021
Closed on
May 14, 2021
Sold by
Yu Ada M and Jianga Hai Feng
Bought by
Tunning Brian Robert and Zheng Linlin
Seller's Agent
Monica Yeung
Just Global Inc.
Buyer's Agent
Xiaozhu Kang
Compass
List Price
$1,275,000
Sold Price
$1,235,000
Premium/Discount to List
-$40,000
-3.14%
Current Estimated Value
$1,805,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$570,244
Avg. Annual Appreciation
9.30%
Original Mortgage
$926,250
Outstanding Balance
$840,428
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$964,816

Purchase Details

Closed on
Jun 22, 2016
Sold by
Lew Bi
Bought by
Lew Joe

Purchase Details

Closed on
Nov 14, 2003
Sold by
Strong Aron and Strong Nelia
Bought by
Mendoza Patricia Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
5.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 29, 1994
Sold by
Strong Aron
Bought by
Strong Aron and Jackson Strong Nella
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
Tunning Brian Robert $1,235,000 Chicago Title Company
Lew Joe -- Old Republic Title Company
Jiang Hai Feng -- Old Republic Title Company
Yu Ada M $950,000 Old Republic Title Company
Mendoza Patricia Ann $600,000 Stewart Title Of Ca Inc
Strong Aron -- --
Strong Aron -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tunning Brian Robert $926,250
Previous Owner Mendoza Patricia Ann $533,850
Previous Owner Mendoza Patricia Ann $533,850
Previous Owner Mendoza Patricia Ann $78,150
Previous Owner Mendoza Patricia Ann $59,500
Previous Owner Mendoza Patricia Ann $480,000
Previous Owner Strong Aron $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $1,300,000 -3.7% $615 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $1,350,000 +9.3% $639 / Sq Ft
05/20/2021 05/20/21 Sold $1,235,000 -1.2% $584 / Sq Ft
03/28/2021 03/28/21 Pending -- -- --
03/09/2021 03/09/21 Price Changed $1,250,000 -2.0% $591 / Sq Ft
02/18/2021 02/18/21 For Sale $1,275,000 -- $603 / 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 $18,442 $1,379,569 $886,108 $493,461
2023 $18,442 $1,326,000 $851,700 $474,300
2022 $16,806 $1,259,700 $969,000 $290,700
2021 $14,330 $1,038,961 $765,550 $273,411
2020 $14,166 $1,028,309 $757,701 $270,608
2019 $14,090 $1,008,147 $742,845 $265,302
2018 $13,779 $988,380 $728,280 $260,100
2017 $13,254 $969,000 $714,000 $255,000
2016 $10,446 $720,618 $480,415 $240,203
2015 $9,753 $670,000 $447,000 $223,000
2014 $9,410 $652,000 $452,000 $200,000
Source: Public Records

Agents Affiliated with this Home

  • Lynn Shi

    Seller's Agent in 2022

    Lynn Shi

    Waldstein Realty

    (408) 406-9138

    1 in this area

    32 Total Sales

    Lynn Shi
    Section Image
  • Michael Bruno

    Buyer's Agent in 2022

    Michael Bruno

    Cal-West Realty

    (650) 868-6250

    1 in this area

    29 Total Sales

    Michael Bruno
    Section Image
  • Monica Yeung

    Seller's Agent in 2021

    Monica Yeung

    Just Global Inc.

    (408) 799-2839

    2 in this area

    68 Total Sales

    Monica Yeung
    Section Image

  • X

    Buyer's Agent in 2021

    Xiaozhu Kang

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81888032

MLSListings

APN: 062-011-010

California San Mateo County Menlo Park 94025 Belle Haven

1101 Del Norte Ave, Menlo Park, CA

This home is located at 1101 Del Norte Ave, Menlo Park, CA 94025 since 21 April 2022 and is currently estimated at $1,805,244, approximately $853 per square foot. This property was built in 1958. 1101 Del Norte Ave is a home located in San Mateo County with nearby schools including Belle Haven Elementary School, Menlo-Atherton High School, and KIPP Valiant Community Prep.

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