NOT LISTED FOR SALE

1245 N Lemon Ave Menlo Park, CA 94025

Central Menlo Park Neighborhood

Estimated Value: $8,574,000 - $9,195,000

6 Beds
7 Baths
5,420 Sq Ft
$1,663/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $7,800,000 $1,439 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $54,882/month

42 Days on Market

Highlights

  • Wine Cellar
  • Home Theater
  • Contemporary Architecture
  • Oak Knoll Elementary School Rated A
  • Primary Bedroom Suite
  • Recreation Room

About This Home

As of July 2021

New, Spaciously Magnificent Home in Central Menlo Park - This luxurious must-see property sits on near a quarter-acre and embodies all the best of West Menlo Park. The home has a well-conceived 3-level floor plan, 6 Bedrooms, a home office, 5 uniquely appointed full baths and 2 half-baths. The foyer's dramatic tile wall & beautiful white oak floors spanning every level reflect the high standards of quality & design throughout. The heart of the design is a wonderful chefs kitchen & family room ensemble. Equally impressive are the personal retreats with an upstairs master suite plus main & lower-level suites providing options for any lifestyle need. A tremendous recreation room with full bar, adjoining cinema-screen theatre & customized wine cellar complete the rich amenities. Outside, a vast rear yard has a cabana & gazebo plus a sky-lit patio with lots of room for play and gardening. This splendid new home is near acclaimed Menlo Park schools, five-star dining, and Stanford University.

Last Agent to Sell the Property

Lan Bowling

Keller Williams Palo Alto License #01248958 Listed on: 04/22/2021

Keller Williams Palo Alto

Last Buyer's Agent

Billy McNair

Compass License #01343603

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $91,330

Year Built

  • 2021

Lot Details

  • 10,241 Sq Ft Lot
  • Sprinklers on Timer
  • Back Yard Fenced

Parking

  • 2 Car Attached Garage
  • Electric Vehicle Home Charger

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 5,420 Sq Ft Home
  • Wet Bar
  • Entertainment System
  • High Ceiling
  • Skylights
  • Double Pane Windows
  • Mud Room
  • Wine Cellar
  • Living Room with Fireplace
  • Dining Area
  • Home Theater
  • Den
  • Recreation Room
  • Utility Room
  • Finished Basement

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Dual Flush Toilets
  • Low Flow Toliet
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Gas Dryer Hookup

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Balcony
  • Gazebo

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Thermostat
  • 220 Volts
  • Tankless Water Heater
  • Sewer Within 50 Feet

Community Details

  • Building Fire Escape

Home Details

Home Type

Single Family

Est. Annual Taxes

$91,330

Year Built

2021

Lot Details

0

Parking

2

Listing Details

  • Zoning: R100S9
  • Subclass: Single Family Home
  • Style: Contemporary
  • Listing Class: Residential
  • Structure Sq Ft: 5420
  • Construction: Completed
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 0
  • Year Built: 2021

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Living Room
  • Dining Room: Breakfast Bar, Breakfast Nook, Dining Area, Eat In Kitchen
  • Kitchen: 220 Volt Outlet, Countertop - Quartz, Dishwasher, Garbage Disposal, Island With Sink, Microwave, Oven Range - Gas, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 5420
  • Security: Fire Alarm, Fire Escape, Fire System - Sprinkler
  • Bedrooms: Ground Floor Bedroom, Primary Suite / Retreat, Walk-In Closet
  • Laundry: Electricity Hookup (220V), Gas Hookup, Upper Floor
  • Flooring: Hardwood, Tile
  • Additional Rooms: Basement - Finished, Den / Study / Office, Media / Home Theater, Mud Room, Recreation Room, Utility Room, Wine Cellar / Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 6
  • Minimum Numberof Bedrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Bathroom: Double Sinks, Dual Flush Toilet, Full On Ground Floor, Half On Ground Floor, Primary - Stall Shower(s), Shower And Tub, Stall Shower, Tile, Tub In Primary Bedroom

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Gazebo, Sprinklers - Auto
  • Fencing: Fenced Back

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Electric Car Hookup

Utilities

  • Cooling System: Central Ac, Multi-Zone
  • Heating System: Central Forced Air - Gas, Heating - 2+ Zones
  • Sewer/Septic System: Sewer - Public, Sewer In Street

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Video / Audio System, Walk-In Closet, Wet Bar

Schools

  • School District: Sequoia Union High
  • Elementary School: Oak Knoll Elementary
  • Middle School: Hillview Middle
  • High School: Menlo-Atherton High
  • High School: 658
  • Elementary School: 663
  • Middle School: 642

Lot Info

  • Lot Acres: 0.2351
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10242.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10242.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet, Skylight, Tankless Water Heater, Thermostat Controller

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2021
Closed on
Jun 15, 2021
Sold by
Lemzc Co Llc
Bought by
Schmitz Craig
Seller's Agent
Lan Bowling
Keller Williams Palo Alto
Buyer's Agent
Billy McNair
Compass
List Price
$8,297,000
Sold Price
$7,800,000
Premium/Discount to List
-$497,000
-5.99%
Current Estimated Value
$9,013,198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,213,198
Avg. Annual Appreciation
3.46%
Original Mortgage
$5,850,000
Outstanding Balance
$5,294,790
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$3,718,408

Purchase Details

Closed on
Apr 12, 2021
Sold by
Lemzc Llc
Bought by
Lemzc Co Llc

Purchase Details

Closed on
Aug 14, 2018
Sold by
Fan Po Sui and The Sui Fan Po Trust
Bought by
Lemzc Llc

Purchase Details

Listed on
Oct 29, 2017
Closed on
Mar 5, 2018
Sold by
Musy Michele and Musy Enlightenment Trust
Bought by
Po Sui Fan and The Sui Fan Po Trust
Seller's Agent
Michele Musy
Compass
Buyer's Agent
Joban Brown
Fisher & Brown Real Estate
List Price
$3,950,000
Sold Price
$3,650,000
Premium/Discount to List
-$300,000
-7.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.60%
Original Mortgage
$3,750,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2016
Sold by
Musy Michele
Bought by
Musy Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,562,395
Interest Rate
3.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 30, 2008
Sold by
Musy Michele
Bought by
Musy Michele
Source: Public Records

Range of Values:

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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
Schmitz Craig $7,800,000 Chicago Title
Lemzc Co Llc -- None Listed On Document
Lemzc Llc -- None Available
Po Sui Fan $3,650,000 Fidelity National Title Co
Musy Michele -- Fidelity National Title Co
Musy Michele -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmitz Craig $5,850,000
Previous Owner Po Sui Fan $3,750,000
Previous Owner Musy Michele $1,562,395
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2021 07/19/21 Sold $7,800,000 -6.0% $1,439 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $8,297,000 +127.3% $1,531 / Sq Ft
03/08/2018 03/08/18 Sold $3,650,000 -2.7% $1,587 / Sq Ft View Prior Sale
02/06/2018 02/06/18 Pending -- -- --
01/25/2018 01/25/18 Price Changed $3,750,000 -5.1% $1,630 / Sq Ft
10/29/2017 10/29/17 For Sale $3,950,000 -- $1,717 / 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 $91,330 $8,277,421 $4,722,375 $3,555,046
2023 $91,330 $7,956,000 $4,539,000 $3,417,000
2022 $87,294 $7,800,000 $4,450,000 $3,350,000
2021 $51,173 $4,461,761 $2,685,761 $1,776,000
2020 $41,712 $3,575,222 $2,658,222 $917,000
2019 $43,563 $3,723,000 $2,606,100 $1,116,900
2018 $7,315 $460,947 $179,147 $281,800
2017 $7,157 $451,910 $175,635 $276,275
2016 $6,826 $443,050 $172,192 $270,858
2015 $6,710 $436,397 $169,606 $266,791
2014 $6,541 $427,850 $166,284 $261,566
Source: Public Records

Agents Affiliated with this Home

  • Lan Bowling

    Seller's Agent in 2021

    Lan Bowling

    Keller Williams Palo Alto

    (650) 520-3407

    3 in this area

    97 Total Sales

    Lan Bowling
    Section Image

  • B

    Buyer's Agent in 2021

    Billy McNair

    Compass

    Section Image

  • M

    Seller's Agent in 2018

    Michele Musy

    Compass

    Section Image
  • Joban Brown

    Buyer's Agent in 2018

    Joban Brown

    Fisher & Brown Real Estate

    (650) 346-4974

    8 Total Sales

    Joban Brown
    Section Image
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Map

Source: MLSListings

MLS Number: ML81840219

MLSListings

APN: 071-014-010

California San Mateo County Menlo Park 94025 Central Menlo Park

1245 N Lemon Ave, Menlo Park, CA

This home is located at 1245 N Lemon Ave, Menlo Park, CA 94025 since 22 April 2021 and is currently estimated at $9,013,198, approximately $1,662 per square foot. This property was built in 2021. 1245 N Lemon Ave is a home located in San Mateo County with nearby schools including Oak Knoll Elementary School, Hillview Middle School, and Menlo-Atherton High School.

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