NOT LISTED FOR SALE

Estimated Value: $3,102,000 - $4,379,520

8 Beds
4 Baths
4,024 Sq Ft
$881/Sq Ft Est. Value

Last Sold June 02, 2017

Last sale price $3,500,000 $870 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $22,160/month

41 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • 4 Car Detached Garage
  • Encinal Elementary School Rated A
  • Enclosed Parking
  • 1-minute walk to El Palo Alto Park

About This Home

As of June 2017

Fantastic location just a stroll to both downtown Palo Alto and Menlo Park commerce and Caltrains. Building commands premium rents due to location, hardwood floors, each unit with separate furnace, water heater. All 2bed/1ba units get enclosed garage, two parking spaces (including garage spot) plus large storage unit as well as large private balconies or patios. Welcoming back yard with patio. Well maintained building. Dual pane windows. This is a great long term hold. Sought after Menlo Park schools in beautiful Linfield Oaks neighborhood.

Last Agent to Sell the Property

Connie Miller

Compass License #01275848 Listed on: 03/28/2017

Compass

Last Buyer's Agent

K Ali Tahirkheli

Prudent Investments Realty License #00930548

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 7,710 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 4 Car Detached Garage
  • Enclosed Parking
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,024 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Kitchen

  • Gas Oven
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Laminate

Outdoor Features

  • Balcony
  • Shed
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $172,800

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $1,705
  • Insurance Expense $3,122
  • Maintenance Expense $4,698
  • Other Expense $120
  • Utility Expense $5,295
  • Trash Expense $1
  • Operating Expense $22,283
  • Gross Income $171,714

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4024
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Kitchen: Countertop - Formica, Dishwasher, Hookups - Gas, Oven Range - Gas
  • Living Sq Ft: 4024
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Hardwood, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Fenced, Storage Shed / Structure
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Covered Parking, Detached Garage, Enclosed, Off-Street Parking

Utilities

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

Schools

  • High School: 658

Lot Info

  • Lot Acres: 0.1770
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7700.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7700.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 21.04
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3122
  • Expense Landscape: 1705
  • Expense Maintenance: 4698
  • Expenses Other: 120
  • Expenses Total: 22283
  • Expenses Utility: 5295
  • Expense Trash: 1
  • Income Annual Gross: 171714.00
  • Income Annual Rental: 172800
  • Income Gross Scheduled: 173448
  • Income Includes: Laundry, Rents
  • Income Other: 648
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Maintenance - Interior, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2017
Closed on
May 24, 2017
Sold by
Wachs Ruth E and Wachs Diane K
Bought by
Dang Sanjit Singh and Dang Ekta
Seller's Agent
Connie Miller
Compass
Buyer's Agent
K Ali Tahirkheli
Prudent Investments Realty
List Price
$3,650,000
Sold Price
$3,500,000
Premium/Discount to List
-$150,000
-4.11%
Current Estimated Value
$3,544,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,507
Avg. Annual Appreciation
0.15%
Original Mortgage
$2,100,000
Outstanding Balance
$1,688,531
Interest Rate
2.95%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,855,976

Purchase Details

Closed on
Oct 13, 2005
Sold by
Wachs Ruth
Bought by
Wachs Ruth K and Wachs Diane K

Purchase Details

Closed on
Jun 10, 1994
Sold by
Wachs Ruth
Bought by
Wachs Ruth

Purchase Details

Closed on
Aug 31, 1993
Sold by
Wachs Arthur and Wachs Ruth
Bought by
Wachs Arthur and Wachs Ruth

Purchase Details

Closed on
May 31, 1993
Sold by
Wachs Arthur and Wachs Ruth
Bought by
Wachs Arthur and Wachs Ruth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Dang Sanjit Singh $3,500,000 Old Republic Title Company
Wachs Ruth K -- --
Wachs Ruth -- --
Wachs Arthur -- --
Wachs Arthur -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dang Sanjit Singh $2,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2017 06/02/17 Sold $3,500,000 -4.1% $870 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $3,650,000 -- $907 / 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 $40,192 $3,125,000 $1,786,000 $1,339,000
2023 $40,192 $3,000,000 $1,714,286 $1,285,714
2022 $39,665 $3,020,000 $1,725,714 $1,294,286
2021 $39,305 $3,000,000 $1,717,000 $1,283,000
2020 $47,197 $3,714,228 $2,122,416 $1,591,812
2019 $46,472 $3,641,400 $2,080,800 $1,560,600
2018 $45,269 $3,570,000 $2,040,000 $1,530,000
2017 $7,888 $199,822 $48,549 $151,273
2016 $7,482 $195,905 $47,598 $148,307
2015 $7,203 $192,964 $46,884 $146,080
2014 $6,832 $189,185 $45,966 $143,219
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81644197

MLSListings

APN: 062-432-480