NOT LISTED FOR SALE

Menlo Towers 1330 University Dr Unit 38 Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $1,999,000 - $2,125,000

3 Beds
2 Baths
1,845 Sq Ft
1.41 Acres

Last Sold September 30, 2016

Last sale price $1,730,625 $938 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $13,152/month

40 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • 1.41 Acre Lot
  • Encinal Elementary School Rated A
  • Downtown View
  • Clubhouse

About This Home

As of September 2016

Gorgeous End Unit in Prime Menlo Towers building. Formal entry, gourmet kitchen w/granite countertops, elegant living room w/fireplace. Walk to downtown MP - Secured building w/doorman - ample storage - do not miss.

Last Agent to Sell the Property

Keri Nicholas

Compass License #01198898 Listed on: 07/18/2016

Compass

Last Buyer's Agent

Courtney Charney

Compass License #01756013

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,947

Year Built

  • Built in 1973

Lot Details

  • 1.41

Parking

  • 1 Car Garage
  • Guest Parking

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 1,845 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Gas Fireplace
  • Formal Entry
  • Combination Dining and Living Room
  • Storage Room
  • Washer and Dryer Hookup
  • Wood Flooring
  • Downtown Views
  • Security Gate

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Sinks
  • Bathtub with Shower

Outdoor Features

  • In Ground Pool
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 110-360-080

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include exterior painting, garbage, insurance - common area, landscaping / gardening, maintenance - common area, pool spa or tennis, recreation facility, roof, water
  • Lilac Mangement Association
  • Built by Lilac Management

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Elevator

Recreation

  • Recreation Facilities
  • Fitness Center

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,947

Year Built

Built in 1973

Lot Details

0

Parking

1

Listing Details

  • Subclass: Condominium
  • Style: Contemporary
  • Age: 43
  • Listing Class: Residential
  • Structure Sq Ft: 1845
  • Complex Name: Lilac Management
  • Year Built: 1973
  • Zoning Description: RM0RX4
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning
  • Dining Room: Dining Area in Living Room
  • Kitchen: Cooktop - Electric, Countertop - Granite, Dishwasher, Exhaust Fan, Microwave, Oven - Built-In
  • Living Sq Ft: 1845
  • Stories: 1
  • Security: Controlled / Secured Access, Security Building
  • Laundry: Hookups Only
  • Flooring: Hardwood
  • Additional Rooms: Formal Entry, Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Granite, Shower and Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Pool - In Ground
  • Roof: Tar and Gravel
  • View: Downtown
  • Yard/Grounds: Balcony / Patio
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Assigned Spaces, Guest / Visitor Parking, Parking Area, Underground Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 881
  • HOA Amenities: BBQ Area, Club House, Community Pool, Elevator, Gym / Exercise Facility, Recreation Room
  • Association Fees Include: Exterior Painting, Garbage, Insurance - Common Area, Landscaping / Gardening, Maintenance - Common Area, Pool, Spa, or Tennis, Recreation Facility, Roof, Water
  • H O A Name Text: Lilac Mangement
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Security Gate

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 Description: Grade - Level
  • Parcel Number: 110-360-080
  • Lot Acres: 1.4060
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Area Maximum Units: Square Feet

Multi Family

  • Utilities: Public Utilities

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2019
Sold by
Michael D Charney Trust
Bought by
View Capital Ventures Lp
Current Estimated Value
$2,080,362

Purchase Details

Listed on
Jul 18, 2016
Closed on
Sep 23, 2016
Sold by
Charney Courtney
Bought by
Charney Michael D
Seller's Agent
Keri Nicholas
Compass
Buyer's Agent
Courtney Charney
Compass
List Price
$1,895,000
Sold Price
$1,730,625
Premium/Discount to List
-$164,375
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.06%
Original Mortgage
$1,297,969
Outstanding Balance
$1,032,414
Interest Rate
3.3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,047,948

Purchase Details

Listed on
Jul 18, 2016
Closed on
Sep 7, 2016
Sold by
Sherby Lawrence D and Sherby Mark P
Bought by
Charney Michael D
Seller's Agent
Keri Nicholas
Compass
Buyer's Agent
Courtney Charney
Compass
List Price
$1,895,000
Sold Price
$1,730,625
Premium/Discount to List
-$164,375
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,297,969
Outstanding Balance
$1,032,414
Interest Rate
3.3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,047,948

Purchase Details

Closed on
Feb 14, 2013
Sold by
Sherby Oleg D
Bought by
Sherby Oleg D

Purchase Details

Closed on
Nov 20, 1996
Sold by
Sherby Oleg D
Bought by
Sherby Oleg D

Purchase Details

Closed on
Mar 1, 1995
Sold by
Kirkland Gerald P
Bought by
Sherby Oleg D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,200
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
View Capital Ventures Lp -- None Available
Charney Michael D -- Lawyers Title Company
Charney Michael D $1,731,000 Lawyers Title Company
Sherby Oleg D -- None Available
Sherby Oleg D -- --
Sherby Oleg D $419,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Charney Michael D $1,297,969
Previous Owner Sherby Oleg D $335,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2016 09/30/16 Sold $1,730,625 -8.7% $938 / Sq Ft
08/28/2016 08/28/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $1,895,000 -- $1,027 / 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 $24,947 $2,060,035 $618,009 $1,442,026
2023 $24,947 $1,980,043 $594,012 $1,386,031
2022 $23,854 $1,941,219 $582,365 $1,358,854
2021 $23,308 $1,903,157 $570,947 $1,332,210
2020 $23,163 $1,883,643 $565,093 $1,318,550
2019 $22,839 $1,846,710 $554,013 $1,292,697
2018 $22,264 $1,810,500 $543,150 $1,267,350
2017 $21,914 $1,775,000 $532,500 $1,242,500
2016 $18,077 $78,605 $43,499 $35,106
2015 $2,697 $77,425 $42,846 $34,579
2014 $2,584 $75,909 $42,007 $33,902
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Keri Nicholas

    Compass

    Section Image

  • C

    Buyer's Agent in 2016

    Courtney Charney

    Compass

    Section Image
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About Menlo Towers

Map

Source: MLSListings

MLS Number: ML81595729

MLSListings

APN: 110-360-080

California San Mateo County Menlo Park 94025 Downtown Menlo Park

1330 University Dr Unit 38, Menlo Park, CA

This home is located at 1330 University Dr Unit 38, Menlo Park, CA 94025 since 18 July 2016 and is currently estimated at $2,080,362, approximately $1,127 per square foot. This property was built in 1973. 1330 University Dr Unit 38 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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