NOT LISTED FOR SALE

1490 Franks Ln Menlo Park, CA 94025

Central Menlo Park Neighborhood

Estimated Value: $2,933,000 - $3,649,000

4 Beds
3 Baths
2,000 Sq Ft
$1,660/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $2,260,000 $1,130 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $19,752/month

16 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Neighborhood Views
  • Las Lomitas Elementary School Rated A+
  • Quartz Countertops
  • Den

About This Home

As of September 2020

Enjoy the best of Menlo Park living on this quiet tree-lined street. This versatile 4+ bedroom, 3 bath home features gorgeous hardwood floors, plenty of natural light, sophisticated formal living room and spacious formal dining room. Updated kitchen boasts beautiful quartz countertops, contemporary cabinetry, eat-in area, and stainless-steel appliances. Use the bonus room as a family room, office, or 5th bedroom. Private backyard feels much larger than a 5000 sqft lot, and provides plenty of space for playing and relaxing. The home also features a fenced front yard, covered permitted carport, indoor laundry, and full attic suitable for all your storage needs. Don't miss your opportunity to own a home in this lovely neighborhood nestled adjacent to Atherton, close to shops (Country Corner Grocery Store, Menloville Country Store), restaurants (Starbucks, Dutch Goose, Flea Street Café, Lulu's, Lutticken's), parks and the acclaimed Las Lomitas schools.

Last Agent to Sell the Property

Carol Borison

Compass License #01880666 Listed on: 07/16/2020

Compass

Last Buyer's Agent

Alan Wang

KW Santa Clara Valley Inc License #01380385

KW Santa Clara Valley Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,084

Year Built

  • 1941

Lot Details

  • 5,001 Sq Ft Lot
  • Back and Front Yard Fenced
  • Level Lot
  • Sprinklers on Timer

Parking

  • 2 Carport Spaces

Home Design

  • Composition Roof
  • Foam Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Neighborhood Views

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • 220 Volts

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,084

Year Built

1941

Lot Details

0

Listing Details

  • Zoning: R10006
  • Subclass: Single Family Home
  • Age: 79
  • Listing Class: Residential
  • Structure Sq Ft: 2000
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1941

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Breakfast Bar, Formal Dining Room
  • Kitchen: 220 Volt Outlet, Countertop - Quartz, Dishwasher, Garbage Disposal, Oven Range - Gas, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 2000
  • Stories: 2
  • Bedrooms: More Than One Bedroom On Ground Floor
  • Laundry: Dryer, Gas Hookup, In Utility Room, Washer
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum
  • Additional Rooms: Den / Study / Office
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Full On Ground Floor, Shower And Tub, Stall Shower

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Foam
  • View: Neighborhood
  • Yard/Grounds: Balcony / Patio, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced Back, Fenced Front, Wood

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 2

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2020
Closed on
Aug 28, 2020
Sold by
Chih Ping Sun Allen
Bought by
Chih Ping Sun Allen and Allen C Sun Trust
Seller's Agent
Carol Borison
Compass
Buyer's Agent
Alan Wang
KW Santa Clara Valley Inc
List Price
$2,350,000
Sold Price
$2,260,000
Premium/Discount to List
-$90,000
-3.83%
Current Estimated Value
$3,319,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,059,985
Avg. Annual Appreciation
7.74%
Original Mortgage
$500,000
Outstanding Balance
$442,708
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,877,277

Purchase Details

Listed on
Jul 16, 2020
Closed on
Aug 21, 2020
Sold by
Kelley Thomas
Bought by
Liu Ching I and Ching I Liu Trust
Seller's Agent
Carol Borison
Compass
Buyer's Agent
Alan Wang
KW Santa Clara Valley Inc
List Price
$2,350,000
Sold Price
$2,260,000
Premium/Discount to List
-$90,000
-3.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$442,708
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,877,277

Purchase Details

Closed on
May 7, 2014
Sold by
Kelley Thomas and Kelley Thomas M
Bought by
Kelley Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2003
Sold by
Olerich David B and Simpson Carol E
Bought by
Kelley Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
2.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 1996
Sold by
Kelley Richard R and Kelley Thomas M
Bought by
Kelley Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,750
Interest Rate
7.1%

Purchase Details

Closed on
Oct 31, 1994
Sold by
Kelley Gina Lee
Bought by
Kelley Richard R
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
Chih Ping Sun Allen -- Chicago Title Company
Liu Ching I $2,260,000 Chicago Title Company
Kelley Thomas -- Old Republic Title Company
Kelley Thomas M -- Orange Coast Title
Kelley Thomas M $37,500 Old Republic Title Company
Kelley Richard R -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Ching I $500,000
Previous Owner Kelley Thomas $417,000
Previous Owner Kelley Thomas M $500,000
Previous Owner Kelley Thomas M $35,750
Closed Kelley Thomas M $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2020 09/01/20 Sold $2,260,000 -3.8% $1,130 / Sq Ft
08/01/2020 08/01/20 Pending -- -- --
07/16/2020 07/16/20 For Sale $2,350,000 -- $1,175 / 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 $28,084 $2,446,295 $1,840,134 $606,161
2023 $28,084 $2,351,304 $1,768,680 $582,624
2022 $26,867 $2,305,200 $1,734,000 $571,200
2021 $26,445 $2,260,000 $1,700,000 $560,000
2020 $6,942 $492,660 $218,767 $273,893
2019 $7,073 $483,001 $214,478 $268,523
2018 $6,752 $473,531 $210,273 $263,258
2017 $6,522 $464,247 $206,150 $258,097
2016 $6,437 $455,145 $202,108 $253,037
2015 $6,286 $448,310 $199,073 $249,237
2014 $6,175 $439,529 $195,174 $244,355
Source: Public Records

Agents Affiliated with this Home

  • Carol Borison

    Seller's Agent in 2020

    Carol Borison

    Compass

    (650) 303-9569

    42 Total Sales

    Carol Borison
    Section Image
  • Alan Wang

    Buyer's Agent in 2020

    Alan Wang

    KW Santa Clara Valley Inc

    (408) 313-4352

    212 Total Sales

    Alan Wang
    Section Image
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Map

Source: MLSListings

MLS Number: ML81801083

MLSListings

APN: 070-292-020

California San Mateo County Menlo Park 94025 Central Menlo Park

1490 Franks Ln, Menlo Park, CA

This home is located at 1490 Franks Ln, Menlo Park, CA 94025 since 16 July 2020 and is currently estimated at $3,319,985, approximately $1,659 per square foot. This property was built in 1941. 1490 Franks Ln is a home located in San Mateo County with nearby schools including Las Lomitas Elementary School, La Entrada Middle School, and Menlo-Atherton High School.

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