NOT LISTED FOR SALE

1950 Menalto Ave Menlo Park, CA 94025

The Willows Neighborhood

Estimated Value: $1,859,000 - $2,329,433

3 Beds
2 Baths
1,340 Sq Ft
$1,552/Sq Ft Est. Value

Last Sold January 03, 2024

Last sale price $2,000,000 $1,493 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $12,679/month

347 Days on Market

Highlights

  • 2 Car Detached Garage
  • Bungalow
  • Ceiling Fan
  • Laurel Elementary School Rated A
  • Tile Flooring
  • Washer and Dryer

About This Home

As of January 2024

Located in the highly desirable Willows Neighborhood close to downtown Palo Alto, Burgess Recreation Center, Willow Oaks Park, Menalto Shops, schools, commute routes and many top Silicon Valley employers this duplex offers endless possibilities. Add value by improving the current units, add footage, combine with 1952 Menalto to create a six unit income producing property or consider redevelopment. Great unit mix, spacious rooms, separate yards, inside laundry, detached garages, extra parking and served by top rated Menlo Park schools make this a savvy investment. Rents and all financials are Pro Forma -- based on current estimates.

Last Listed By

Omar M. Kinaan

Golden Gate Sotheby's International Realty License #01723115 Listed on: 01/18/2023

Golden Gate Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,484

Year Built

  • 1921

Lot Details

  • 10,271 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Bungalow
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,340 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Oven
  • Washer and Dryer

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter
  • Co-Op Water
  • Well

Listing and Financial Details

  • Total Actual Rent $75,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,217
  • Maintenance Expense $250
  • Manager Expense $7,500
  • Utility Expense $1,297
  • Trash Expense $568
  • Operating Expense $35,077
  • Gross Income $73,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,484

Year Built

1921

Lot Details

0

Parking

2

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Style: Bungalow
  • Age: 102
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1340
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1921

Interior Features

  • Kitchen: Oven Range - Gas
  • Living Sq Ft: 1340
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Raised
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High
  • Elementary School: Laurel Elementary
  • Middle School: Hillview Middle
  • High School: Menlo-Atherton High
  • High School: 658
  • Elementary School: 653
  • Middle School: 642

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2358
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10270.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10270.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 27.93
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1217
  • Expense Landscape: 1200
  • Expense Maintenance: 250
  • Expense Management: 7500
  • Expenses Total: 35077
  • Expenses Utility: 1297
  • Expense Trash: 568
  • Income Annual Gross: 73500.00
  • Income Annual Rental: 75000
  • Income Gross Scheduled: 75000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2023
Closed on
Dec 28, 2023
Sold by
Subramanian Subbiah
Bought by
Chu Donna Frances
Seller's Agent
Omar M. Kinaan
Golden Gate Sotheby's International Realty
Buyer's Agent
Sameer Singh
Keller Williams - Palo Alto
List Price
$2,495,000
Sold Price
$2,000,000
Premium/Discount to List
-$495,000
-19.84%
Total Days on Market
347
Views
145
Current Estimated Value
$2,079,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,358
Avg. Annual Appreciation
2.82%
Original Mortgage
$1,472,250
Outstanding Balance
$1,454,413
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$624,945

Purchase Details

Listed on
Jan 18, 2023
Closed on
Dec 13, 2023
Sold by
Finley Deserie and Finley Tyler
Bought by
Chu Subbiah Daven and Chu Frances Donna
Seller's Agent
Omar M. Kinaan
Golden Gate Sotheby's International Realty
Buyer's Agent
Sameer Singh
Keller Williams - Palo Alto
List Price
$2,495,000
Sold Price
$2,000,000
Premium/Discount to List
-$495,000
-19.84%
Views
145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,472,250
Outstanding Balance
$1,454,413
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$624,945

Purchase Details

Closed on
Sep 6, 2023
Sold by
Honey Finley Trust
Bought by
Finley Scott T and Finley Jay M

Purchase Details

Closed on
Mar 15, 2022
Sold by
Honey Finley Trust
Bought by
Finley Scott T and Finley Jay M

Purchase Details

Closed on
Jun 1, 2011
Sold by
Finley Scott
Bought by
Finley Deserie and Finley Tyler

Purchase Details

Closed on
Apr 6, 2010
Sold by
Finley Lee T
Bought by
Finley Scott and Lee Finley Living Trust

Purchase Details

Closed on
Sep 7, 2006
Sold by
Mcgarr Barbara F
Bought by
Finley Lee T and Finley Honey

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
Chu Donna Frances -- Old Republic Title
Chu Subbiah Daven $2,000,000 Old Republic Title
Finley Scott T -- None Listed On Document
Finley Scott T -- Thoits Law
Finley Deserie -- None Available
Finley Scott -- None Available
Finley Lee T -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Donna Frances $1,472,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2024 01/03/24 Sold $2,000,000 -4.5% $1,493 / Sq Ft
01/01/2024 01/01/24 Pending -- -- --
06/27/2023 06/27/23 Price Changed $2,095,000 -16.0% $1,563 / Sq Ft
01/18/2023 01/18/23 For Sale $2,495,000 -- $1,862 / 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 $12,484 $853,890 $582,659 $271,231
2022 $20,381 $1,625,992 $1,348,496 $277,496
2021 $8,573 $554,059 $251,697 $302,362
2020 $8,508 $548,382 $249,118 $299,264
2019 $8,417 $537,633 $244,235 $293,398
2018 $8,178 $527,093 $239,447 $287,646
2017 $8,064 $516,762 $234,754 $282,008
2016 $7,759 $506,631 $230,152 $276,479
2015 $7,696 $499,025 $226,697 $272,328
2014 $7,547 $489,252 $222,257 $266,995
Source: Public Records

Agents Affiliated with this Home

  • Omar M. Kinaan

    Seller's Agent in 2024

    Omar M. Kinaan

    Golden Gate Sotheby's International Realty

    (650) 776-2828

    8 in this area

    88 Total Sales

    Omar M. Kinaan
    Section Image
  • Sameer Singh

    Buyer's Agent in 2024

    Sameer Singh

    Keller Williams - Palo Alto

    (916) 384-5986

    2 in this area

    18 Total Sales

    Sameer Singh
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81916462

MLSListings

APN: 063-430-100

California San Mateo County Menlo Park 94025 The Willows

1950 Menalto Ave, Menlo Park, CA

Homes for Sale in Menlo Park, CA

This home is located at 1950 Menalto Ave, Menlo Park, CA 94025 since 18 January 2023 and is currently estimated at $2,079,358, approximately $1,551 per square foot. This property was built in 1921. 1950 Menalto Ave is a home located in San Mateo County with nearby schools including Laurel Elementary School, Hillview Middle School, and Menlo-Atherton High School.

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