NOT LISTED FOR SALE

Estimated Value: $606,000 - $1,280,000

3 Beds
2 Baths
1,515 Sq Ft
81,196 Sq Ft Lot

Last Sold May 27, 2016

Last sale price $320,000 $211 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $5,884/month

Highlights

  • Fitness Center
  • In Ground Pool
  • Sauna
  • Encinal Elementary School Rated A
  • 1.86 Acre Lot
  • Balcony

About This Home

As of May 2016

MUST SEE THIS BRIGHT & SPACIOUS CONDOMINIUM WITH 3 BEDROOMS & 2 BATHROOMS! BEAUTIFUL, WELL MAINTAINED COMPLEX IN GREAT LOCATION! FEATURES INCLUDE: LARGE LIVING ROOM W/GAS FIREPLACE & CATHEDRAL CEILINGS, SEPARATE DINING AREA, MASTER BEDROOM SUITE WITH WALK-IN CLOSET, LAUNDRY-IN-UNIT, PRIVATE BALCONY & (2) ASSIGNED PKG SPACES (1 COVERED/1 UNCOVERED). FLOOR PLAN IS PERFECT FOR ENTERTAINING! CONVENIENTLY LOCATED WITH EASY ACCESS TO TRAIN, SHOPPING & RESTAURANTS. PROPERTY SOLD THROUGH THE CITY OF MENLO PARK'S BELOW MARKET HOUSING PROGRAM. SALE PRICE IS BELOW MARKET VALUE DUE TO PROGRAM GUIDELINES, RESTRICTIONS & APPRECIATION INDEX. SALE PRICE, RESALE, INCOME, RENTAL & DEED RESTRICTIONS APPLY NOW & UPON FUTURE RESALE. BUYERS MUST MEET ELIGIBILITY CRITERIA OF PROGRAM.

Last Agent to Sell the Property

Renee Daskalakis

Golden Gate Sotheby's International Realty License #01111348 Listed on: 05/26/2016

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Renee Daskalakis

Golden Gate Sotheby's International Realty License #01111348 Listed on: 05/26/2016

Golden Gate Sotheby's International Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1965

Lot Details

  • 1.86

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Electric Gate
  • Guest Parking
  • Uncovered Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,515 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Gas Fireplace
  • Dining Area
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

Pool

  • In Ground Pool
  • Spa
  • Fence Around Pool

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 114-020-100

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area electricity, decks, exterior painting, fencing, garbage, insurance - common area, insurance - structure, landscaping / gardening, maintenance - common area, maintenance - exterior, management fee, pool spa or tennis, recreation facility, roof
  • 46 Units
  • Park Lane Owners Association
  • Built by Park Lane Owners Association

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Sauna
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1965

Lot Details

1.86 Acres

Parking

1

Listing Details

  • Subclass: Condominium
  • Restrictions: Pets - Allowed
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 46
  • Structure Sq Ft: 1515
  • Complex Name: Park Lane Owners Association
  • Incorporated: Yes
  • Year Built: 1965
  • Zoning Description: R30000
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning, Ornamental Only
  • Dining Room: Dining Area
  • Kitchen: Countertop - Tile, Dishwasher, Garbage Disposal, Hookups - Gas, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1515
  • Stories: 1
  • Security: Fire Alarm, Security Building
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Community Facility, Pool - Fenced, Pool - In Ground, Spa / Hot Tub
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Common Parking Area, Covered Parking, Detached Garage, Electric Gate, Gate / Door Opener, Guest / Visitor Parking, Uncovered Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 420
  • HOA Amenities: Gym / Exercise Facility, Sauna / Spa / Hot Tub
  • Association Fees Include: Common Area Electricity, Decks, Exterior Painting, Fencing, Garbage, Insurance - Common Area, Insurance - Structure, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Pool, Spa, or Tennis, Recreation Facility, Roof
  • H O A Name Text: PARK LANE OWNERS ASSOCIATION
  • H O A Exist: Yes

Lot Info

  • Parcel Number: 114-020-100
  • Lot Acres: 1.8640
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Area Maximum Units: Square Feet

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities

MLS Schools

  • High School District Text: Sequoia Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2016
Closed on
May 25, 2016
Sold by
City Of Menlo Park
Bought by
Hernandez Marco A Carrizales and Carrizales Gloria
Seller's Agent
Renee Daskalakis
Golden Gate Sotheby's International Realty
Buyer's Agent
Renee Daskalakis
Golden Gate Sotheby's International Realty
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$1,023,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$703,767
Avg. Annual Appreciation
12.59%
Original Mortgage
$278,000
Outstanding Balance
$221,329
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$802,438

Purchase Details

Closed on
Mar 3, 2016
Sold by
Melendez Tina
Bought by
City Of Menlo Park

Purchase Details

Closed on
Oct 3, 2006
Sold by
City Of Menlo Park
Bought by
Melendez Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,640
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2005
Sold by
Kinney Eric N and Kinney Cristina
Bought by
City Of Menlo Park

Purchase Details

Closed on
Nov 23, 2004
Sold by
Kinney Eric N and Kinney Cristina
Bought by
Kinney Eric N and Kinney Cristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.52%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 23, 1998
Sold by
Menlo Oaks Llc
Bought by
Kinney Eric and Kinney Cristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Hernandez Marco A Carrizales $320,000 First American Title Company
City Of Menlo Park $313,000 First American Title Company
Melendez Tina $284,000 First American Title Company
City Of Menlo Park -- Old Republic Title Company
Kinney Eric N -- Fidelity National Title
Kinney Eric $253,500 North American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Marco A Carrizales $278,000
Previous Owner Melendez Tina $188,640
Previous Owner Kinney Eric N $375,000
Previous Owner Kinney Eric $200,000
Closed Kinney Eric $38,025
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2016 05/27/16 Sold $320,000 0.0% $211 / Sq Ft
05/26/2016 05/26/16 Pending -- -- --
05/26/2016 05/26/16 For Sale $320,000 -- $211 / Sq Ft
Source: MLSListings

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 $6,694 $352,926 $105,878 $247,048
2023 $6,694 $347,112 $104,134 $242,978
2022 $6,382 $341,554 $102,466 $239,088
2021 $6,095 $336,789 $101,037 $235,752
2020 $6,020 $334,559 $100,367 $234,192
2019 $5,956 $331,845 $99,553 $232,292
2018 $5,792 $326,943 $98,083 $228,860
2017 $5,706 $323,767 $97,130 $226,637
2016 $5,214 $301,726 $90,518 $211,208
2015 $5,125 $298,564 $89,569 $208,995
2014 $5,014 $295,930 $88,779 $207,151
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81587603

MLSListings

APN: 114-020-100

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