NOT LISTED FOR SALE

Estimated Value: $2,973,000 - $5,089,000

8 Beds
5 Baths
5,090 Sq Ft
$833/Sq Ft Est. Value

Last Sold July 03, 2014

Last sale price $2,500,000 $491 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $25,803/month

16 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Forced Air Heating System
  • Encinal Elementary School Rated A
  • Balcony
  • 4-minute walk to Hopkins Creekside Park

About This Home

As of July 2014

Quality Fourplex in highly desirable Linfield Oaks Neighborhood. Unit Mix of(1) 2x2 unit & (3) 2x1 units. Spacious and desirable floorplans. Each Apt. has either a spacious patio, deck or balcony. Exterior painted 2014. Ea. Apt. has an individual water heater. Easy access to Dwntwn Palo Alto; Dwntwn Menlo Park; Facebook Headquarters; Stanford Shopping Center; Stanford University & Burgess Park.

Last Agent to Sell the Property

Michelle Clark

Cornish & Carey Commercial License #01918902 Listed on: 06/10/2014

Last Buyer's Agent

Daniel Lorimer

R-1 Corporation License #00839575

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,496

Year Built

  • 1957

Lot Details

  • 7,841

Parking

  • Carport

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 5,090 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $122,800
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, hot water, water

Community Details

Building Details

  • Gardener Expense $930
  • Insurance Expense $1,916
  • Maintenance Expense $5,488
  • Other Expense $600
  • Utility Expense $457
  • Trash Expense $1,948
  • Operating Expense $47,632
  • Gross Income $119,116

Additional Features

  • 5,090 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,496

Year Built

1957

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 57
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 491.16
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 5090
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 5090
  • Stories: 2
  • Laundry: Washer/Dryer - Owned, Community Facility
  • Flooring: Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Roof: Shingle, Composition
  • Yard/Grounds: Balcony / Patio, Deck

Garage/Parking

  • Garage Parking Features: Carport, Spaces Per Unit - 1

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Private

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • School District: Sequoia Union High
  • Elementary School: Encinal Elementary
  • Middle School: Hillview Middle
  • High School: Menlo-Atherton High
  • High School: 658
  • Elementary School: 627
  • Middle School: 642

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7750.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7750.00
  • Lot Size Area Min Search: 7750.00
  • Maximum Lot Size: 7750.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 21.95

Multi Family

  • Expense Insurance: 1916
  • Expense Landscape: 930
  • Expense Maintenance: 5488
  • Expenses Other: 600
  • Expenses Total: 47632
  • Expenses Utility: 457
  • Expense Trash: 1948
  • Expense Water Sewer: 2071
  • Income Annual Gross: 119116.00
  • Income Annual Rental: 122800
  • Income Gross Scheduled: 122800
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Supplies, Vacancy Factor, Miscellaneous/Other
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Electric
  • Vacancy Amount: 3684
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2014
Closed on
Jun 30, 2014
Sold by
Warner Jan E
Bought by
The Berry & Pandey Living Trust and Pandey Noopur
Seller's Agent
Michelle Clark
Cornish & Carey Commercial
Buyer's Agent
Daniel Lorimer
R-1 Corporation
List Price
$2,695,000
Sold Price
$2,500,000
Premium/Discount to List
-$195,000
-7.24%
Current Estimated Value
$4,241,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,741,943
Avg. Annual Appreciation
4.02%
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
The Berry & Pandey Living Trust $2,500,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trainer Richard M $250,000
Previous Owner Trainer Richard M $641,650
Previous Owner Trainer Richard M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2014 07/03/14 Sold $2,500,000 -7.2% $491 / Sq Ft
06/26/2014 06/26/14 Pending -- -- --
06/10/2014 06/10/14 For Sale $2,695,000 -- $529 / 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 $39,496 $3,004,614 $2,487,824 $516,790
2023 $39,496 $2,887,943 $2,391,220 $496,723
2022 $37,624 $2,831,318 $2,344,334 $486,984
2021 $36,865 $2,775,803 $2,298,367 $477,436
2020 $36,589 $2,747,342 $2,274,801 $472,541
2019 $35,998 $2,693,474 $2,230,198 $463,276
2018 $35,036 $2,640,662 $2,186,469 $454,193
2017 $34,390 $2,588,886 $2,143,598 $445,288
2016 $33,468 $2,538,124 $2,101,567 $436,557
2015 $33,015 $2,500,000 $2,070,000 $430,000
2014 $9,487 $424,965 $101,614 $323,351
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81420608

MLSListings

APN: 062-452-080