NOT LISTED FOR SALE

1290 Bay Laurel Dr Menlo Park, CA 94025

Central Menlo Park Neighborhood

Estimated Value: $4,073,000 - $14,674,706

4 Beds
2.5 Baths
1,880 Sq Ft
$4,986/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $4,590,000 $2,441 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $60,864/month

121 Days on Market

Highlights

  • Private Pool
  • 0.48 Acre Lot
  • 1-Story Property
  • Oak Knoll Elementary School Rated A
  • Forced Air Heating System

About This Home

As of March 2020

Amazing opportunity to build new or renovate on an almost half acre lot on Bay Laurel Drive, one of the most desirable streets in Menlo Park. With a lot size of ~20,900 SF, this serene setting near the San Francisquito Creek is located on one of the largest parcels in Menlo Park. Prime location within close proximity to both downtown Menlo Park and Palo Alto, bike bridge to Stanford University and the venture capital hub of Sand Hill Road. This classic style home offers ~1,800 SF of single story living space with 4 bedrooms and 2 bathrooms plus a 1 bed/1 bath pool house.

Last Agent to Sell the Property

Tom LeMieux

Compass License #01066910 Listed on: 10/10/2019

Compass

Co-Listed By

Jennifer Bitter

Compass License #01847627

Last Buyer's Agent

Judy Citron

Compass License #01825569

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $141,584

Year Built

  • 1948

Lot Details

  • 0.48

Parking

  • 2 Carport Spaces

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,880 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms

Additional Features

  • Private Pool
  • 0.48 Acre Lot
  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$141,584

Year Built

1948

Lot Details

0

Listing Details

  • Zoning: R10010
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 1880
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1948

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining "L"
  • Fireplace: Yes
  • Living Sq Ft: 1880
  • Stories: 1
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Yes
  • Roof: Composition
  • Pool: Pool - In Ground

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 2

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • High School: 658

Lot Info

  • Lot Acres: 0.4798
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20900.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20900.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2023
Sold by
Hoop House Llc
Bought by
Hoop House Trust and Chiang
Current Estimated Value
$9,373,853

Purchase Details

Closed on
Jun 27, 2022
Sold by
Pacific Excel 5 Llc
Bought by
Hoop House Llc

Purchase Details

Listed on
Oct 10, 2019
Closed on
Mar 13, 2020
Sold by
Mora Karen Jacobsen and Castello Justin Matthew
Bought by
Pacific Excel 5 Llc
Seller's Agent
Tom LeMieux
Compass
Buyer's Agent
Judy Citron
Compass
List Price
$5,750,000
Sold Price
$4,590,000
Premium/Discount to List
-$1,160,000
-20.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.63%
Original Mortgage
$2,983,500
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2003
Sold by
Jacobsen Virginia G and Jacobsen Virginia
Bought by
Jacobsen Virginia G

Purchase Details

Closed on
Oct 12, 1994
Sold by
Jacobsen Virginia
Bought by
Jacobsen Virginia

Purchase Details

Closed on
Dec 29, 1993
Sold by
Jacobsen Raymond K and Jacobsen Virginia G
Bought by
Jacobsen Raymond K and Jacobsen Virginia
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
Hoop House Trust -- None Listed On Document
Hoop House Llc $15,562,000 Lawyers Title
Pacific Excel 5 Llc $4,590,000 Lawyers Title Company
Jacobsen Virginia G -- --
Jacobsen Virginia -- --
Jacobsen Raymond K -- --
Jacobsen Raymond K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pacific Excel 5 Llc $2,983,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2020 03/27/20 Sold $4,590,000 -14.9% $2,441 / Sq Ft
02/09/2020 02/09/20 Pending -- -- --
01/07/2020 01/07/20 Price Changed $5,395,000 -6.2% $2,870 / Sq Ft
10/10/2019 10/10/19 For Sale $5,750,000 -- $3,059 / 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 $141,584 $12,600,000 $6,300,000 $6,300,000
2023 $141,584 $13,800,000 $6,900,000 $6,900,000
2022 $74,892 $6,625,482 $4,601,482 $2,024,000
2021 $53,178 $4,637,552 $4,511,257 $126,295
2020 $4,793 $205,894 $74,982 $130,912
2019 $3,494 $201,858 $73,512 $128,346
2018 $3,382 $197,901 $72,071 $125,830
2017 $3,291 $194,021 $70,658 $123,363
2016 $3,193 $190,218 $69,273 $120,945
2015 $3,118 $187,362 $68,233 $119,129
2014 $3,007 $183,693 $66,897 $116,796
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tom LeMieux

    Compass

    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jennifer Bitter

    Compass

    Section Image
  • Judy Citron

    Buyer's Agent in 2020

    Judy Citron

    Compass

    (650) 400-8424

    47 in this area

    221 Total Sales

    Judy Citron
    Section Image
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Map

Source: MLSListings

MLS Number: ML81772010

MLSListings

APN: 071-382-330

California San Mateo County Menlo Park 94025 Central Menlo Park

1290 Bay Laurel Dr, Menlo Park, CA

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