NOT LISTED FOR SALE

240 University Dr Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $5,353,000 - $6,993,000

5 Beds
4.5 Baths
4,010 Sq Ft
$1,465/Sq Ft Est. Value

Last Sold July 05, 2012

Last sale price $3,995,000 $996 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $35,361/month

Highlights

  • Attic
  • Breakfast Area or Nook
  • 2 Car Detached Garage
  • Oak Knoll Elementary School Rated A
  • Formal Dining Room
  • Laundry Room

About This Home

As of January 2024

Welcome to this 4010 square foot, 5-bedroom, 4.5-bath home located in the highly desirable Allied Arts neighborhood of Menlo Park. Newly constructed in 2012, the contemporary cape cod design is beautifully appointed with custom finishes throughout. The main floor includes the living room, dining room, gourmet kitchen with an adjacent built-in desk, family room, mud room, 1/2 bath, a bedroom with en-suite bath and several storage closets. Located on the upper level are the primary bedroom with en-suite bath and walk-in closet, 2 additional bedrooms, a full bath and the laundry room. The large recreation/media room on the lower level offers a sizeable bar, large wine cellar, a bedroom and full bath and access to a climbing wall in a lower yard. The property is fully landscaped and includes fruit trees and a hot tub. Menlo Park shops and restaurants are just minutes away as well as popular Nealan Park and Stanford University.

Last Agent to Rent the Property

Ginny Kavanaugh

Coldwell Banker Realty License #70010886 Listed on: 11/01/2023

Coldwell Banker Realty

Last Renter's Agent

Ginny Kavanaugh

Coldwell Banker Realty License #70010886 Listed on: 11/01/2023

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,407

Year Built

  • 2012

Lot Details

  • 7,749

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 4,010 Sq Ft Home
  • 3-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Breakfast Area or Nook
  • Laundry Room
  • Attic

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • 7,749 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $30,000
  • Property Available on 11/1/23
  • Rent includes gardener
  • 12-Month Minimum Lease Term

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,407

Year Built

2012

Lot Details

0

Parking

2

Rental Info

  • Available: 11/01/2023
  • Lease Terms: Credit Report Required, Deposit Required
  • Minimum Lease Months: 12
  • Rent Includes: Gardener
  • Security Deposit: 30000

Listing Details

  • Subclass: House For Rent
  • Listing Class: Residential Lease/Rental
  • Structure Sq Ft: 4010
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2012

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Living Room
  • Dining Room: Breakfast Nook, Formal Dining Room
  • Fireplace: Yes
  • Living Sq Ft: 4010
  • Stories: 3
  • Additional Rooms: Attic, Laundry Room
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Garage/Parking

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

Utilities

  • Cooling System: Central Ac
  • Heating System: Forced Air

Lot Info

  • Lot Acres: 0.1779
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7750.00

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2020
Sold by
Li Peter and Linos Eleni
Bought by
Li Peter and Linos Eleni
Current Estimated Value
$5,873,651

Purchase Details

Closed on
Sep 8, 2014
Sold by
Li Peter and Linos Eleni
Bought by
Li & Linos Living Trust and Linos Eleni

Purchase Details

Listed on
Jun 11, 2012
Closed on
Jun 22, 2012
Sold by
Laurel Homes Inc
Bought by
Li Peter and Linos Eleni
Seller's Agent
Tom LeMieux
Coldwell Banker
Buyer's Agent
Nicole Aron
Compass
List Price
$3,995,000
Sold Price
$3,995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%

Purchase Details

Closed on
Jun 19, 2007
Sold by
Daniel David J and Daniel Susan A
Bought by
Lemieux Thomas Richard and Lemieux Kimberly S
Source: Public Records

Range of Values:

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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
Li Peter -- None Available
Li & Linos Living Trust -- None Available
Li Peter $3,995,000 First American Title Company
Laurel Homes Inc $1,975,000 First American Title Company
Lemieux Thomas Richard $1,320,000 First American Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2024 01/29/24 Rented $15,000 0.0% --
12/22/2023 12/22/23 Under Contract -- -- --
11/27/2023 11/27/23 Price Changed $15,000 -25.0% $4 / Sq Ft
11/01/2023 11/01/23 For Rent $20,000 0.0% --
07/05/2012 07/05/12 Sold $3,995,000 0.0% $996 / Sq Ft View Prior Sale
06/15/2012 06/15/12 Pending -- -- --
06/11/2012 06/11/12 For Sale $3,995,000 -- $996 / 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 $55,407 $4,919,550 $2,459,775 $2,459,775
2023 $55,407 $4,728,520 $2,364,260 $2,364,260
2022 $52,951 $4,635,804 $2,317,902 $2,317,902
2021 $52,008 $4,544,906 $2,272,453 $2,272,453
2020 $51,769 $4,498,304 $2,249,152 $2,249,152
2019 $51,084 $4,410,102 $2,205,051 $2,205,051
2018 $49,863 $4,323,630 $2,161,815 $2,161,815
2017 $49,166 $4,238,854 $2,119,427 $2,119,427
2016 $48,016 $4,155,740 $2,077,870 $2,077,870
2015 $47,625 $4,093,318 $2,046,659 $2,046,659
2014 $46,876 $4,013,136 $2,006,568 $2,006,568
Source: Public Records

Agents Affiliated with this Home

  • Ginny Kavanaugh

    Landlord's Agent in 2024

    Ginny Kavanaugh

    Coldwell Banker Realty

    (650) 400-8076

    1 in this area

    83 Total Sales

    Ginny Kavanaugh
    Section Image

  • T

    Seller's Agent in 2012

    Tom LeMieux

    Coldwell Banker

    Section Image

  • N

    Buyer's Agent in 2012

    Nicole Aron

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81946764

MLSListings

APN: 071-405-250

California San Mateo County Menlo Park 94025 Downtown Menlo Park

240 University Dr, Menlo Park, CA

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