NOT LISTED FOR SALE

Estimated Value: $2,306,000 - $3,194,171

4 Beds
2 Baths
2,399 Sq Ft
$1,141/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $2,250,000 $938 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $17,529/month

41 Days on Market

Highlights

  • Forced Air Heating System
  • Ceiling Fan
  • 1-Story Property
  • Encinal Elementary School Rated A
  • Washer and Dryer

About This Home

As of June 2021

Fabulous one-story duplex nestled on a tree-lined street in the highly desirable Linfield Oaks neighborhood! This is the ideal property for an Owner-Occupant or Investor! Both units feature 2 Bedrooms, 1 Bath, & a Spacious Outdoor Patio Area, Perfect for Entertaining! The Rear Unit also features a Generous and Bright "Sunroom", that opens into the Living Room, Offering Endless Possibilities! Each unit has a fireplace, in-unit washer & dryer, an individual walled-off 1-Car garage,(currently used as playrooms), & a space to park in front. Kitchens have a refrigerator, gas over/stove, dishwasher, microwave, and washer/dryer. Conveniently located with easy access to Desirable Menlo Park Schools, Burgess Park (tennis courts & Swimming pools) Downtown Menlo Park, Downtown Palo Alto, Facebook Headquarters, Stanford Shopping Center, Stanford University, Stanford Research Park (major employment center), Stanford Research Institute, Menlo Park Caltrain Station, Highway 101 & El Camino Real.

Last Agent to Sell the Property

Ronda O'Leary

Compass License #01339402 Listed on: 03/06/2021

Compass

Last Buyer's Agent

Billy McNair

Compass License #01343603

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,505

Year Built

  • 1952

Lot Details

  • 7,802

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,399 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Washer and Dryer

Additional Features

  • 7,802 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $39,656

Community Details

Overview

Building Details

  • Gardener Expense $1,650
  • Insurance Expense $1,953
  • Maintenance Expense $1,350
  • Other Expense $8,400
  • Utility Expense $3,400
  • Operating Expense $50,253
  • Gross Income $39,656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,505

Year Built

1952

Lot Details

0

Parking

2

Listing Details

  • Zoning: R3000A
  • Subclass: Duplex
  • Age: 69
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2399
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Living Sq Ft: 2399
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1791
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7800.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 63.02

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1953
  • Expense Landscape: 1650
  • Expense Maintenance: 1350
  • Expenses Other: 8400
  • Expenses Total: 50253
  • Expenses Utility: 3400
  • Income Annual Gross: 39656.00
  • Income Annual Rental: 39656
  • Income Gross Scheduled: 39656
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Gardener, Services - Trash Removal, Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2021
Closed on
May 26, 2021
Sold by
Roberson Legacy Llc
Bought by
Bellanna Duo Llc
Seller's Agent
Ronda O'Leary
Compass
Buyer's Agent
Billy McNair
Compass
List Price
$2,499,000
Sold Price
$2,250,000
Premium/Discount to List
-$249,000
-9.96%
Current Estimated Value
$2,737,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$487,293
Avg. Annual Appreciation
4.80%

Purchase Details

Listed on
Mar 6, 2021
Closed on
May 25, 2021
Sold by
Roberson Legacy Llc
Bought by
Bellanna Duo Llc
Seller's Agent
Ronda O'Leary
Compass
Buyer's Agent
Billy McNair
Compass
List Price
$2,499,000
Sold Price
$2,250,000
Premium/Discount to List
-$249,000
-9.96%

Purchase Details

Closed on
Dec 7, 2017
Sold by
Roberson Joseph Baxter and Roberson Julia Councell
Bought by
Roberson Legacy Llc

Purchase Details

Closed on
Sep 6, 2017
Sold by
Musy Michele
Bought by
Roberson Joseph Baxter and Roberson Julia Councell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,000
Interest Rate
3.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 30, 2008
Sold by
Musy Michele
Bought by
Musy Michele

Purchase Details

Closed on
Oct 27, 2006
Sold by
Musy Michele
Bought by
Musy Michele

Purchase Details

Closed on
Jun 18, 2005
Sold by
Parsons Roxanne
Bought by
Musy Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
5.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 10, 1997
Sold by
Seufert Barbara H
Bought by
Suefert Barbara H

Purchase Details

Closed on
Mar 22, 1994
Sold by
Seufert James R
Bought by
Seufert Barbara H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,262
Interest Rate
7.15%
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
Bellanna Duo Llc $2,250,000 Lawyers Title Company
Bellanna Duo Llc $2,250,000 Lawyers Title
Roberson Legacy Llc -- None Available
Roberson Joseph Baxter $2,350,000 Fidelity National Title Co
Musy Michele -- None Available
Musy Michele -- First American Title Company
Musy Michele $1,175,000 Chicago Title Co
Suefert Barbara H -- Chicago Title Insurance Co
Seufert Barbara H -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roberson Joseph Baxter $1,175,000
Previous Owner Musy Michele $500,000
Previous Owner Musy Michele $312,000
Previous Owner Seufert Barbara H $50,000
Previous Owner Seufert Barbara H $64,262
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $2,250,000 -10.0% $938 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
03/06/2021 03/06/21 For Sale $2,499,000 -- $1,042 / 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 $30,505 $2,435,470 $2,056,620 $378,850
2023 $30,505 $2,340,900 $1,976,760 $364,140
2022 $28,981 $2,295,000 $1,938,000 $357,000
2021 $30,758 $2,470,269 $2,102,357 $367,912
2020 $30,562 $2,444,940 $2,080,800 $364,140
2019 $30,114 $2,397,000 $2,040,000 $357,000
2018 $29,371 $2,350,000 $2,000,000 $350,000
2017 $18,992 $1,411,222 $705,611 $705,611
2016 $18,411 $1,383,552 $691,776 $691,776
2015 $18,167 $1,362,770 $681,385 $681,385
2014 $17,772 $1,336,076 $668,038 $668,038
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81835873

MLSListings

APN: 062-412-120