NOT LISTED FOR SALE

1501 Bay Laurel Dr Menlo Park, CA 94025

Central Menlo Park Neighborhood

Estimated Value: $7,397,000 - $8,424,000

5 Beds
4.5 Baths
4,006 Sq Ft
$1,943/Sq Ft Est. Value

Last Sold October 04, 2021

Last sale price $7,650,000 $1,910 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $47,625/month

6 Days on Market

Highlights

  • Private Pool
  • Radiant Floor
  • Granite Countertops
  • Oak Knoll Elementary School Rated A
  • 2 Fireplaces
  • Formal Dining Room

About This Home

As of October 2021

Beautifully updated ranch-style home on a large lot, perfect for indoor/outdoor entertaining. Enjoy a stunning central courtyard with swimming pool, spa, and multiple outdoor living areas. A chefs kitchen has professional-grade appliances, granite countertops and a butlers pantry that services the formal dining room. The living room features a vaulted ceiling, fireplace with limestone surround, and custom cherry wall paneling. The master suite includes a walk-in-closet and zen-like bathroom with heated floor, freestanding tub, and glass-enclosed shower. Three additional bedrooms, an office, and a pool/guest house provide the flexibility to be used as additional workspaces, guest accommodations, or a fitness studio. Professionally landscaped, the planting beds and mature trees surround an outdoor kitchen and gas fit pit with seating area. Highly sought-after Central Menlo Park location close to downtown, top rated schools, and an easy commute to all that the Bay Area has to offer.

Last Agent to Sell the Property

Michael Dreyfus

Golden Gate Sotheby's International Realty License #01121795 Listed on: 09/17/2021

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Steve Pierce

Zane MacGregor License #00871571

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $82,619

Year Built

  • 1968

Lot Details

  • 0.43

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Shake Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Formal Dining Room
  • Radiant Floor
  • Laundry in Utility Room

Kitchen

  • Open to Family Room
  • Gas Oven
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathroom on Main Level
  • Bathtub

Outdoor Features

  • Private Pool
  • Balcony
  • Fire Pit
  • Barbecue Area

Additional Features

  • 0.43 Acre Lot
  • Forced Air Heating and Cooling System

Home Details

Home Type

Single Family

Est. Annual Taxes

$82,619

Year Built

1968

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10010
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 4006
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1968

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Log, Gas Starter, Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Countertop - Granite, Island With Sink, Oven Range - Gas, Pantry
  • Fireplace: Yes
  • Living Sq Ft: 4006
  • Stories: 2
  • Laundry: In Utility Room
  • Fireplaces Min: 2
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Full On Ground Floor, Half On Ground Floor, Oversized Tub, Tub In Primary Bedroom

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Pool Description: Yes
  • Roof: Shake
  • Yard/Grounds: Balcony / Patio, Bbq Area, Fire Pit

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air - Gas, Radiant Floors
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 658

Lot Info

  • Lot Acres: 0.4256
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 18540.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 18540.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2021
Closed on
Sep 27, 2021
Sold by
Vais Paul A and Vais Kristin L
Bought by
Anderson James C and The James Anderson Living Trus
Seller's Agent
Michael Dreyfus
Golden Gate Sotheby's International Realty
Buyer's Agent
Steve Pierce
Zane MacGregor
List Price
$7,250,000
Sold Price
$7,650,000
Premium/Discount to List
$400,000
5.52%
Current Estimated Value
$7,783,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,509
Avg. Annual Appreciation
0.43%

Purchase Details

Closed on
May 9, 2013
Sold by
Vais Paul A and Vais Kristin L
Bought by
Vais Paul A and Vais Kristin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2013
Sold by
Vais Paul A and Vais Kristin L
Bought by
Vais Paul A and Vais Kristin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2012
Sold by
Vais Paul A and Vais Kristin L
Bought by
Vais Paul A and Vais Kristin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2011
Sold by
Vais Paul A and Vais Kristin L
Bought by
Vais Paul A and Vais Kristin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$794,000
Interest Rate
3.45%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 11, 2007
Sold by
Vais Paul A and Vais Kristin L
Bought by
Vais Paul A and Vais Kristin L

Purchase Details

Closed on
May 2, 1997
Sold by
Curran Thomas Joseph and Tyler Barbara Marie
Bought by
Vais Paul A and Vais Kristin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
4.07%

Purchase Details

Closed on
Jan 30, 1997
Sold by
Strass Margery H and Berl John D
Bought by
Curran Thomas Joseph and Tyler Barbara Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,000
Interest Rate
6.25%
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
Anderson James C $7,650,000 Chicago Title Company
Vais Paul A -- Chicago Title Company
Vais Paul A -- Chicago Title Company
Vais Paul A -- Chicago Title Company
Vais Paul A -- Chicago Title Company
Vais Paul A -- Chicago Title Company
Vais Paul A -- Chicago Title Company Pa
Vais Paul A -- None Available
Vais Paul A $1,055,000 North American Title Insuran
Curran Thomas Joseph $890,000 North American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vais Paul A $775,000
Previous Owner Vais Paul A $784,000
Previous Owner Vais Paul A $794,000
Previous Owner Vais Paul A $775,000
Previous Owner Curran Thomas Joseph $712,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2021 10/04/21 Sold $7,650,000 +5.5% $1,910 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $7,250,000 -- $1,810 / 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 $82,619 $7,309,000 $6,496,500 $812,500
2023 $82,619 $7,309,000 $6,498,000 $811,000
2022 $85,768 $7,650,000 $6,800,000 $850,000
2021 $21,276 $1,721,156 $793,708 $927,448
2020 $21,137 $1,703,509 $785,570 $917,939
2019 $20,839 $1,670,108 $770,167 $899,941
2018 $20,310 $1,637,362 $755,066 $882,296
2017 $19,985 $1,605,258 $740,261 $864,997
2016 $19,404 $1,573,785 $725,747 $848,038
2015 $19,204 $1,550,147 $714,846 $835,301
2014 $18,858 $1,519,784 $700,844 $818,940
Source: Public Records

Agents Affiliated with this Home

  • Michael Dreyfus

    Seller's Agent in 2021

    Michael Dreyfus

    Golden Gate Sotheby's International Realty

    (650) 847-1141

    1 in this area

    75 Total Sales

    Michael Dreyfus
    Section Image
  • Steve Pierce

    Buyer's Agent in 2021

    Steve Pierce

    Zane MacGregor

    (650) 324-9900

    1 in this area

    27 Total Sales

    Steve Pierce
    Section Image
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Map

Source: MLSListings

MLS Number: ML81862829

MLSListings

APN: 071-361-100

California San Mateo County Menlo Park 94025 Central Menlo Park

1501 Bay Laurel Dr, Menlo Park, CA

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