NOT LISTED FOR SALE

231 Willow Rd Menlo Park, CA 94025

Menlo Oaks Neighborhood

Estimated Value: $2,462,128 - $3,013,000

2 Beds
3 Baths
2,119 Sq Ft
$1,276/Sq Ft Est. Value

Last Sold February 22, 2013

Last sale price $1,075,000 $507 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $15,689/month

55 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Forced Air Heating System
  • Laurel Elementary School Rated A
  • Guest Parking
  • Laundry Facilities

About This Home

As of February 2013

First time on the market in 46 years. Older triplex with long-term month-to-month tenants. Two 1 bed/1bath units and one studio unit. Large 12,139 sf lot. Zoned R1U. Two units can be built on this property. Shown only by appointment; call Monica Corman at 650-465-5971

Last Agent to Sell the Property

Monica Corman

Compass License #01111473 Listed on: 10/22/2012

Compass

Last Buyer's Agent

Doss Welsh

Compass License #00917218

Property Details

Home Type

  • Multi-Family

Year Built

  • 1939

Lot Details

  • 0.28

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Neighborhood Views
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • Carport
  • Guest Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $39,000
  • The owner pays for garbage

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Utility Expense $3,285
  • Operating Expense $5,552
  • Gross Income $39,000

Property Details

Home Type

Multi-Family

Year Built

1939

Lot Details

0

Listing Details

  • Zoning: R100
  • Subclass: Triplex
  • Inspections Reports: Pest Control, Property Inspection
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Refrigerator
  • Stories: 1
  • Laundry: Community Facility
  • Flooring: Carpet - Area, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Guest / Visitor Parking, Carport

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12139.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 12139.00
  • Lot Size Area Min Search: 12139.00
  • Maximum Lot Size: 12139.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 30.64

Multi Family

  • Expenses Total: 5552
  • Expenses Utility: 3285
  • Income Annual Gross: 39000.00
  • Income Annual Rental: 39000
  • Income Gross Scheduled: 39000
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Master Electric, Master Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Utilities - Gas, Insurance, Fee - Property Tax, Utilities - Water, Utilities - Electric
  • Owner Pays: Garbage
  • Tenant Expenses: Utilities - Water, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2017
Sold by
Nguyen Phuc C and Nguyen Tuyethanh T
Bought by
Nguyen Phuc Cong and Nguyen Tuyethanh Thi
Current Estimated Value
$2,704,376

Purchase Details

Closed on
Dec 2, 2016
Sold by
Nguyen Phuc C and Nguyen Tuyethanh T
Bought by
Nguyen Phuc C and Nguyen Tuyethanh T

Purchase Details

Listed on
Oct 22, 2012
Closed on
Feb 15, 2013
Sold by
Sonnichsen Darrell C
Bought by
Nguyen Phuc C and Nguyen Tuyethanh T
Seller's Agent
Monica Corman
Compass
Buyer's Agent
Doss Welsh
Compass
List Price
$1,195,000
Sold Price
$1,075,000
Premium/Discount to List
-$120,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%
Original Mortgage
$600,000
Outstanding Balance
$418,462
Interest Rate
3.36%
Mortgage Type
Commercial
Estimated Equity
$2,285,914

Purchase Details

Closed on
Feb 27, 2003
Sold by
Flickinger Chandler
Bought by
Flickinger Chandler and 1994 Chandler Flickinger Revocable Trust

Purchase Details

Closed on
Feb 26, 2003
Sold by
Sonnichsen Darrell C and Sonnichsen Joanne M
Bought by
Sonnichsen Darrell C and Sonnichsen Joanne M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Nguyen Phuc Cong -- None Available
Nguyen Phuc C -- None Available
Nguyen Phuc C -- None Available
Nguyen Phuc C $1,075,000 First American Title Company
Flickinger Chandler -- --
Sonnichsen Darrell C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Phuc C $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2013 02/22/13 Sold $1,075,000 -10.0% $507 / Sq Ft
12/16/2012 12/16/12 Pending -- -- --
10/22/2012 10/22/12 For Sale $1,195,000 -- $564 / 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 $18,732 $1,323,775 $1,200,637 $123,138
2023 $18,732 $1,272,373 $1,154,016 $118,357
2022 $17,814 $1,247,426 $1,131,389 $116,037
2021 $17,341 $1,222,967 $1,109,205 $113,762
2020 $17,185 $1,210,428 $1,097,832 $112,596
2019 $16,903 $1,186,695 $1,076,306 $110,389
2018 $16,422 $1,163,427 $1,055,202 $108,225
2017 $16,095 $1,140,615 $1,034,512 $106,103
2016 $15,570 $1,118,251 $1,014,228 $104,023
2015 $15,340 $1,101,455 $998,994 $102,461
2014 $14,986 $1,079,880 $979,426 $100,454
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Monica Corman

    Compass

    Section Image

  • D

    Buyer's Agent in 2013

    Doss Welsh

    Compass

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Map

Source: MLSListings

MLS Number: ML81238510

MLSListings

APN: 062-272-330

California San Mateo County Menlo Park 94025 Menlo Oaks

231 Willow Rd, Menlo Park, CA

Not Listed for Sale

MultiFamily

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