NOT LISTED FOR SALE

402 Central Ave Menlo Park, CA 94025

The Willows Neighborhood

Estimated Value: $2,363,383 - $3,909,000

2 Beds
3 Baths
2,394 Sq Ft
$1,220/Sq Ft Est. Value

Sale Details

Date Sold: January 17, 2014

Last sale price $1,225,000 $512 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $17,592 / mo

15 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Baseboard Heating
  • Laurel Elementary School Rated A
  • Building Patio
  • Car Wash Area

About This Home

As of January 2014

Charming triplex, 2 separate buildings with 2 garages on a corner lot presents an excellent opportunity for an investor/owner for rental or remodel/rebuild as a SFR in Willows neighborhood. 2 Long term tenants(no rent control-please do not disturb tenants). Perfect location at Palo Alto border; easy access to freeway, walk to University Ave; close to Stanford University, Facebook, Google & HP.

Last Agent to Sell the Property

Diana Legate

Christie's Intl RE Sereno License #01002329 Listed on: 09/17/2013

Last Buyer's Agent

Richard Domich

Richard D. Domich, Broker License #00607998

Property Details

Home Type

  • Multi-Family

Year Built

  • 1928

Lot Details

  • 5,009

Home Design

  • Triplex
  • Tile Roof
  • Foam Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,394 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Oven or Range

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Parking

  • Private Parking
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Baseboard Heating
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Sprinkler System

Listing and Financial Details

  • Total Actual Rent $54,000
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 3 Units
  • 2,394 Sq Ft Building
  • Car Wash Area

Amenities

  • Building Patio
  • Community Barbecue Grill

Building Details

  • Gardener Expense $100
  • Insurance Expense $4,156
  • Maintenance Expense $1,493
  • Trash Expense $714
  • Operating Expense $18,180
  • Gross Income $54,000

Property Details

Home Type

Multi-Family

Year Built

1928

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Zoning: R1008
  • Subclass: Triplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 511.70
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 2394
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1928

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 2394
  • Stories: 2
  • Laundry: Laundry - No
  • Flooring: Carpet - Area, Hardwood - Partial, Laminate, Carpet - Wall To Wall, Carpet

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tile, Foam
  • View: Local/Neighborhood
  • Yard/Grounds: Sprinklers - Lawn

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Off-Street Parking, Uncovered Parking, Spaces Per Unit - <1

Utilities

  • Heating System: Baseboard
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Common, Bbq Area, Car Wash Area

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5000.00
  • Lot Size Area Min Search: 5000.00
  • Maximum Lot Size: 5000.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 20.37

Multi Family

  • Expense Insurance: 4156
  • Expense Landscape: 100
  • Expense Maintenance: 1493
  • Expenses Total: 18180
  • Expense Trash: 714
  • Expense Water Sewer: 750
  • Income Annual Gross: 54000.00
  • Income Annual Rental: 54000
  • Income Gross Scheduled: 54000
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Insurance, Maintenance - Repair, Services - Sewer
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2022
Sold by
Bought by
Current Estimated Value
$2,919,794

Purchase Details

Closed on
Aug 24, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$582,500
Interest Rate
2.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 11, 2014
Sold by
Bought by

Purchase Details

Listed on
Sep 17, 2013
Closed on
Jan 6, 2014
Sold by
Bought by
Seller's Agent
Diana Legate
Christie's Intl RE Sereno
Buyer's Agent
Richard Domich
Richard D. Domich, Broker
List Price
$1,100,000
Sold Price
$1,225,000
Premium/Discount to List
$125,000
11.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%
Original Mortgage
$796,250
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
4.58%
Mortgage Type
Negative Amortization
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Withers Bergman Llp
-- Wfg National Title Ins Co
-- Wfg National Title Ins Co
-- Pacific Coast Title Company
-- Pacific Coast Title Company
-- None Available
$1,225,000 Chicago Title Company
-- --
$599,000 Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $582,500
Previous Owner $645,000
Previous Owner $796,250
Previous Owner $479,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/17/2014 01/17/14 Sold $1,225,000 +11.4% $512 / Sq Ft
10/02/2013 10/02/13 Pending -- -- --
09/17/2013 09/17/13 For Sale $1,100,000 -- $459 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,960 $1,591,811 $1,273,449 $318,362
2023 $22,960 $1,530,000 $1,224,000 $306,000
2022 $21,239 $1,445,545 $1,299,550 $145,995
2021 $20,711 $1,417,203 $1,274,069 $143,134
2020 $20,517 $1,402,672 $1,261,005 $141,667
2019 $20,162 $1,375,170 $1,236,280 $138,890
2018 $19,269 $1,319,776 $1,212,040 $107,736
2017 $18,867 $1,293,899 $1,188,275 $105,624
2016 $18,267 $1,268,529 $1,164,976 $103,553
2015 $17,968 $1,249,475 $1,147,477 $101,998
2014 -- $707,699 $531,664 $176,035
Source: Public Records

Agents Affiliated with this Home

  • Diana Legate

    Seller's Agent in 2014

    Diana Legate

    Christie's Intl RE Sereno

    (925) 330-6855

    12 Total Sales

    Diana Legate
    Section Image

  • R

    Buyer's Agent in 2014

    Richard Domich

    Richard D. Domich, Broker

See All Agents

Map

Source: MLSListings

MLS Number: ML81334478

MLSListings

APN: 062-366-020

California San Mateo County Menlo Park 94025 The Willows

402 Central Ave, Menlo Park, CA

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