NOT LISTED FOR SALE

1322 University Dr Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $2,160,000 - $2,472,000

3 Beds
3 Baths
2,155 Sq Ft
$1,069/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $2,249,000 $1,044 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $15,335/month

11 Days on Market

Highlights

  • Private Pool
  • Primary Bedroom Suite
  • Wood Flooring
  • Encinal Elementary School Rated A
  • Skyline View
  • Quartz Countertops

About This Home

As of February 2024

Rare opportunity in downtown Menlo Park! Attached, single family home in a boutique development (6 homes) with private yard, mature landscaping, and community pool. Large, open layout with hardwood flooring throughout, open kitchen with newer appliances, quartz countertops, recessed lighting. Main level suite, multiple sliding doors to private yard, inside laundry, dual sink vanities, newer painting and so much more! Top schools: Encinal Elementary, Hillview Middle, Menlo-Atherton High

Last Agent to Sell the Property

nicholas french

Christie's International Real Estate Sereno License #01350085 Listed on: 01/24/2024

Christie's International Real Estate Sereno

Last Buyer's Agent

Cindi Kodweis

Compass License #01120838

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,177

Year Built

  • Built in 1975

Lot Details

  • 1,986 Sq Ft Lot
  • Wood Fence
  • Sprinklers on Timer
  • Grass Covered Lot
  • Back Yard
  • Zoning described as R1000U

HOA Fees

  • $800 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,155 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Wood Burning Fireplace
  • Combination Dining and Living Room
  • Wood Flooring
  • Skyline Views
  • Laundry in Utility Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Built-In Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Pool

  • Private Pool
  • Fence Around Pool

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 071-091-580

Community Details

Overview

  • Association fees include exterior painting, insurance - common area, landscaping / gardening, management fee, pool spa or tennis, reserves, roof
  • Shadow Pines Association
  • Built by Shadow Pines

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,177

Year Built

Built in 1975

Lot Details

0

HOA Fees

$800 per month

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 49
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 6
  • Structure Sq Ft: 2155
  • Complex Name: Shadow Pines
  • Year Built: 1975
  • Zoning Description: R1000U
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Breakfast Bar, Breakfast Nook, Dining Area in Living Room
  • Kitchen: Cooktop - Electric, Countertop - Quartz, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Built-In, Refrigerator
  • Living Sq Ft: 2155
  • Stories: 2
  • Bedrooms: Primary Suite / Retreat, Walk-in Closet
  • Laundry: In Utility Room
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Full on Ground Floor, Granite, Primary - Stall Shower(s), Shower over Tub - 1, Skylight, Stall Shower - 2+, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Community Facility, Pool - Fenced
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Low Maintenance, Sprinklers - Auto
  • Pool: Yes
  • Fencing: Wood

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 800
  • HOA Amenities: Community Pool
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Exterior Painting, Insurance - Common Area, Landscaping / Gardening, Management Fee, Pool, Spa, or Tennis, Reserves, Roof
  • H O A Name Text: Shadow Pines
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Walk-in Closet, Wet Bar

Schools

  • School District: Sequoia Union High
  • Elementary School: Encinal Elementary
  • Middle School: Hillview Middle
  • High School: Menlo-Atherton High
  • High School: 658
  • Elementary School: 627
  • Middle School: 642

Lot Info

  • Parcel Number: 071-091-580
  • Lot Acres: 0.0456
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1986.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1986.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Sequoia Union High
  • Elementary School Text: Encinal Elementary
  • High School Text: Menlo-Atherton High
  • Middle School Text: Hillview Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2024
Closed on
Feb 16, 2024
Sold by
Donald Allan Living Trust
Bought by
David L Vargas Living Trust and Vargas
Seller's Agent
nicholas french
Christie's International Real Estate Sereno
Buyer's Agent
Cindi Kodweis
Compass
List Price
$2,249,000
Sold Price
$2,249,000
Total Days on Market
11
Views
161
Current Estimated Value
$2,304,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,656
Avg. Annual Appreciation
1.96%
Original Mortgage
$1,500,000
Outstanding Balance
$1,479,386
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$825,270

Purchase Details

Closed on
May 14, 2008
Sold by
Comerica Bank
Bought by
Borel Bank & Trust Co and Allan Dominika
Source: Public Records

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Range of Values:

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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
David L Vargas Living Trust $2,249,000 First American Title
Borel Bank & Trust Co $1,150,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open David L Vargas Living Trust $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $2,249,000 0.0% $1,044 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $2,249,000 -- $1,044 / 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
2023 $19,177 $1,451,880 $725,940 $725,940
2022 $18,209 $1,423,412 $711,706 $711,706
2021 $17,741 $1,395,502 $697,751 $697,751
2020 $17,615 $1,381,194 $690,597 $690,597
2019 $17,363 $1,354,112 $677,056 $677,056
2018 $16,919 $1,327,562 $663,781 $663,781
2017 $16,642 $1,301,532 $650,766 $650,766
2016 $16,127 $1,276,012 $638,006 $638,006
2015 $15,950 $1,256,846 $628,423 $628,423
2014 $15,651 $1,232,228 $616,114 $616,114
Source: Public Records

Agents Affiliated with this Home

  • nicholas french

    Seller's Agent in 2024

    nicholas french

    Sereno Group

    (650) 773-8000

    2 in this area

    196 Total Sales

    nicholas french
    Section Image
  • Cindi Kodweis

    Buyer's Agent in 2024

    Cindi Kodweis

    Compass

    (650) 279-6333

    1 in this area

    58 Total Sales

    Cindi Kodweis
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81952308

MLSListings

APN: 071-091-580

California San Mateo County Menlo Park 94025 Downtown Menlo Park

1322 University Dr, Menlo Park, CA

This home is located at 1322 University Dr, Menlo Park, CA 94025 since 24 January 2024 and is currently estimated at $2,304,656, approximately $1,069 per square foot. This property was built in 1975. 1322 University Dr is a home located in San Mateo County with nearby schools including Encinal Elementary School, Hillview Middle School, and Menlo-Atherton High School.

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