NOT LISTED FOR SALE

308 Waverley St Menlo Park, CA 94025

Linfield Oaks Neighborhood

Estimated Value: $2,839,000 - $4,409,000

8 Beds
4 Baths
3,440 Sq Ft
$1,122/Sq Ft Est. Value

Last Sold February 15, 2013

Last sale price $1,825,000 $531 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $23,920/month

69 Days on Market

Highlights

  • Laundry Facilities
  • Vinyl Flooring
  • 1-Story Property
  • Encinal Elementary School Rated A

About This Home

As of February 2013

Gorgeous tree-lined street makes this a very desirable investment property. Townhouse style 4plex units. Each unit features a fireplace, hardwood floors and a private yard. Extremely low vacancy rate. Newer roof and water heater. Close to Library, CalTrain and Downtown Menlo Park. Please do not disturb tenants.

Last Agent to Sell the Property

Anna Salas

Coldwell Banker Realty License #00431211 Listed on: 10/15/2012

Coldwell Banker Realty

Last Buyer's Agent

Mahnaz Westerberg

Compass License #01308200

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,424

Year Built

  • 1952

Lot Details

  • 9,409

Parking

  • Carport

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,440 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Oven or Range

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $112,800
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Building Details

  • Gardener Expense $1,370
  • Insurance Expense $1,264
  • Maintenance Expense $4,265
  • Utility Expense $876
  • Trash Expense $1,519
  • Operating Expense $30,620
  • Gross Income $113,274

Additional Features

  • 3,440 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,424

Year Built

1952

Lot Details

0

Listing Details

  • Zoning: R3A0
  • Subclass: Fourplex
  • Age: 61
  • Inspections Reports: Fault Zone, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 530.52
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3440
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 3440
  • Stories: 1
  • Laundry: Washer/Dryer - Leased Coin-Op, Community Facility
  • Flooring: Hardwood - Partial, Carpet - Wall To Wall, Vinyl / Linoleum

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Carport

Utilities

  • Heating System: Gas - Natural, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Private

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9680.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 9680.00
  • Lot Size Area Min Search: 9680.00
  • Maximum Lot Size: 9680.00

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 16.33

Multi Family

  • Expense Insurance: 1264
  • Expense Landscape: 1370
  • Expense Maintenance: 4265
  • Expenses Total: 30620
  • Expenses Utility: 876
  • Expense Trash: 1519
  • Expense Water Sewer: 1186
  • Income Annual Gross: 113274.00
  • Income Annual Rental: 112800
  • Income Gross Scheduled: 113274
  • Income Includes: Laundry, Lease
  • Income Laundry: 474
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Utilities - Gas, Insurance, Fee - Property Tax, Utilities - Electric
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2012
Closed on
Jan 30, 2013
Sold by
Mortensen Helge and Mortensen Ragnhild
Bought by
Chen Jiayu and Chen Hanxi
Seller's Agent
Anna Salas
Coldwell Banker Realty
Buyer's Agent
Mahnaz Westerberg
Compass
List Price
$1,950,000
Sold Price
$1,825,000
Premium/Discount to List
-$125,000
-6.41%
Current Estimated Value
$3,856,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,031,897
Avg. Annual Appreciation
5.25%
Original Mortgage
$1,186,250
Interest Rate
3.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2006
Sold by
Diamond & Co Investments Llc
Bought by
Mortensen Helge and Mortensen Ragnhild

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,137,500
Interest Rate
7.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 21, 2005
Sold by
Diamond & Co
Bought by
Diamond & Co Investments Llc
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
Chen Jiayu $1,825,000 Old Republic Title Company
Mortensen Helge -- Chicago Title Company
Diamond & Co Investments Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Jtayu $1,010,000
Closed Chen Jiayu $1,186,250
Previous Owner Mortensen Helge $1,198,950
Previous Owner Mortensen Helge $1,137,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2013 02/15/13 Sold $1,825,000 -6.4% $531 / Sq Ft
12/23/2012 12/23/12 Pending -- -- --
10/15/2012 10/15/12 For Sale $1,950,000 -- $567 / 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 $31,424 $2,247,345 $1,551,594 $695,751
2023 $31,424 $2,160,080 $1,491,345 $668,735
2022 $29,898 $2,117,726 $1,462,103 $655,623
2021 $29,244 $2,076,203 $1,433,435 $642,768
2020 $28,993 $2,054,915 $1,418,737 $636,178
2019 $28,499 $2,014,623 $1,390,919 $623,704
2018 $27,709 $1,975,122 $1,363,647 $611,475
2017 $27,156 $1,936,395 $1,336,909 $599,486
2016 $26,374 $1,898,428 $1,310,696 $587,732
2015 $25,969 $1,869,913 $1,291,009 $578,904
2014 $25,333 $1,833,285 $1,265,720 $567,565
Source: Public Records

Agents Affiliated with this Home

  • Anna Salas

    Seller's Agent in 2013

    Anna Salas

    Coldwell Banker Realty

    (650) 714-1141

    19 Total Sales

    Section Image

  • M

    Buyer's Agent in 2013

    Mahnaz Westerberg

    Compass

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Map

Source: MLSListings

MLS Number: ML81237804

MLSListings

APN: 062-411-290

California San Mateo County Menlo Park 94025 Linfield Oaks

308 Waverley St, Menlo Park, CA

This home is located at 308 Waverley St, Menlo Park, CA 94025 since 15 October 2012 and is currently estimated at $3,859,015, approximately $1,121 per square foot. This property was built in 1952. 308 Waverley St is a home located in San Mateo County with nearby schools including Encinal Elementary School, Hillview Middle School, and Menlo-Atherton High School.

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