J
Seller's Agent in 2018
Joe Parsons
Compass
415 Olive St Menlo Park, CA 94025
Central Menlo Park NeighborhoodEstimated Value: $6,720,000 - $7,819,000
4
Beds
6
Baths
5,142
Sq Ft
$1,454/Sq Ft
Est. Value
Highlights
- Wine Cellar
- Home Theater
- Primary Bedroom Suite
- Oak Knoll Elementary School Rated A
- Newly Remodeled
- Custom Home
About This Home
As of February 2018"Welcome to this Exquisite brand-new "gated" home in the heart of Central Menlo Park. This thoughtfully-designed floor plan with two levels featuring entertainment galleries, spacious living and much, much more will delight. The main level is welcoming and immediately comfortable featuring "twelve foot" ceilings, and an abundance of glass with flowing natural light throughout. The kitchen is all about comfort and space outfitted with quality appliances and inviting black granite counters for sophisticated family interaction. All cabinetry is constructed of architectural-grade veneer all "book matched" for superior appearance. Solid wood drawer fronts, dovetail joinery and fully extended drawers only seen in the finest homes. The builder's keen eye for detail does not go unnoticed, for every aspect of this home has been artfully selected. See much more on virtual tour...you will be impressed.
Last Agent to Sell the Property
Joe Parsons
Compass License #01449421 Listed on: 11/10/2017
Last Buyer's Agent
Fred Glick
Arrivva, Inc. License #01507615
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $70,366
Year Built
- Built in 2017 | Newly Remodeled
Lot Details
- 0.28 Acre Lot
- Wood Fence
- Secluded Lot
- Level Lot
- Flag Lot
- Sprinklers on Timer
- Back Yard
- Zoning described as R10010
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Electric Gate
- Secured Garage or Parking
- Guest Parking
- Off-Street Parking
Home Design
- Custom Home
- Post and Beam
- Pillar, Post or Pier Foundation
- Wood Frame Construction
- Ceiling Insulation
- Composition Roof
- Stucco
Interior Spaces
- 5,142 Sq Ft Home
- 2-Story Property
- Wet Bar
- Entertainment System
- Wired For Sound
- Vaulted Ceiling
- Skylights
- Gas Fireplace
- Double Pane Windows
- Wine Cellar
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Formal Dining Room
- Home Theater
- Den
- Library
- Recreation Room
- Bonus Room
- Storage Room
- Wood Flooring
- Neighborhood Views
Kitchen
- Open to Family Room
- Built-In Oven
- Gas Oven
- Gas Cooktop
- Range Hood
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Kitchen Island
- Granite Countertops
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Primary Bedroom Suite
- Walk-In Closet
- Granite Bathroom Countertops
- Dual Sinks
- Low Flow Toliet
- Soaking Tub in Primary Bathroom
- Bathtub with Shower
- Oversized Bathtub in Primary Bathroom
- Walk-in Shower
- Low Flow Shower
Laundry
- Laundry in Utility Room
- Washer and Dryer
- Laundry Tub
Home Security
- Security Gate
- Monitored
- Fire and Smoke Detector
- Fire Sprinkler System
Eco-Friendly Details
- Energy-Efficient HVAC
- Energy-Efficient Insulation
- ENERGY STAR/CFL/LED Lights
Outdoor Features
- Barbecue Area
Utilities
- Forced Air Zoned Heating and Cooling System
- Satellite Dish
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 071-180-800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 10, 2017
Closed on
Feb 12, 2018
Sold by
Menlo Investments Group Llc
Bought by
Chen Jing and Liu Qing
Seller's Agent
Joe Parsons
Compass
Buyer's Agent
Fred Glick
Arrivva, Inc.
List Price
$5,998,000
Sold Price
$5,555,250
Premium/Discount to List
-$442,750
-7.38%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,923,740
Avg. Annual Appreciation
3.94%
Original Mortgage
$3,700,000
Outstanding Balance
$3,108,013
Interest Rate
3.67%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,370,977
Purchase Details
Closed on
Nov 29, 2017
Sold by
147 Hilside Llc
Bought by
Menlo Investment Group Llc
Purchase Details
Listed on
Oct 2, 2015
Closed on
Dec 16, 2015
Sold by
Lota 1031 Exchange Llc
Bought by
147 Hillside Llc
Seller's Agent
Tom LeMieux
Compass
Buyer's Agent
Jennifer Bitter
Compass
List Price
$2,495,000
Sold Price
$2,150,000
Premium/Discount to List
-$345,000
-13.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.48%
Original Mortgage
$1,290,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 24, 2015
Sold by
Lipps Randall A and Lipps Katherine A
Bought by
Iota 1031 Exchange Llc
Purchase Details
Closed on
Aug 1, 2003
Sold by
Lipps Randall A and Lipps Katherine A
Bought by
Lipps Randall A and Lipps Katherine A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 15, 1997
Sold by
Lipps Randall A and Lipps Katherine A
Bought by
Lipps Randall A and Lipps Katherine A
Purchase Details
Closed on
Sep 3, 1996
Sold by
White Richard A and White B R
Bought by
Lipps Randall A and Lipps Katherine A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,500
Interest Rate
8.2%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Sep 12, 1994
Sold by
White Richard A and White Barbara R
Bought by
White Richard A and White Barbara R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.57%
Purchase Details
Closed on
Sep 7, 1994
Sold by
White Richard A and White Barbara R
Bought by
White Richard A and White Barbara R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.57%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Jing | $5,555,500 | Lawyers Title Co | |
| Menlo Investment Group Llc | -- | Lawyers Title Co | |
| 147 Hillside Llc | $2,150,000 | Fidelity National Title Co | |
| Iota 1031 Exchange Llc | $2,500,000 | Fidelity National Title Co | |
| Lipps Randall A | -- | Fidelity National Title Co | |
| Lipps Randall A | -- | Fidelity National Title | |
| Lipps Randall A | -- | -- | |
| Lipps Randall A | $530,000 | First American Title Guarant | |
| White Richard A | -- | -- | |
| White Richard A | -- | North American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chen Jing | $3,700,000 | |
| Previous Owner | 147 Hillside Llc | $1,290,000 | |
| Previous Owner | Lipps Randall A | $600,000 | |
| Previous Owner | Lipps Randall A | $450,500 | |
| Previous Owner | White Richard A | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/16/2018 02/16/18 | Sold | $5,555,250 | -2.4% | $1,080 / Sq Ft | |
| 01/25/2018 01/25/18 | Pending | -- | -- | -- | |
| 01/22/2018 01/22/18 | Price Changed | $5,690,000 | -5.1% | $1,107 / Sq Ft | |
| 11/10/2017 11/10/17 | For Sale | $5,998,000 | +179.0% | $1,166 / Sq Ft | |
| 12/21/2015 12/21/15 | Sold | $2,150,000 | -13.8% | $752 / Sq Ft | View Prior Sale |
| 11/24/2015 11/24/15 | Pending | -- | -- | -- | |
| 10/02/2015 10/02/15 | For Sale | $2,495,000 | -- | $872 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $70,366 | $6,321,208 | $3,160,604 | $3,160,604 |
| 2023 | $70,366 | $6,075,750 | $3,037,875 | $3,037,875 |
| 2022 | $67,270 | $5,956,618 | $2,978,309 | $2,978,309 |
| 2021 | $66,132 | $5,839,822 | $2,919,911 | $2,919,911 |
| 2020 | $65,848 | $5,779,942 | $2,889,971 | $2,889,971 |
| 2019 | $64,988 | $5,666,610 | $2,833,305 | $2,833,305 |
| 2018 | $27,559 | $2,290,660 | $1,716,660 | $574,000 |
| 2017 | $27,271 | $2,257,000 | $1,683,000 | $574,000 |
| 2016 | $25,854 | $2,150,000 | $1,650,000 | $500,000 |
| 2015 | $9,956 | $718,224 | $359,112 | $359,112 |
| 2014 | $9,742 | $704,156 | $352,078 | $352,078 |
Source: Public Records
Agents Affiliated with this Home
-
-
F
Buyer's Agent in 2018
Fred Glick
Arrivva, Inc.
-
T
Seller's Agent in 2015
Tom LeMieux
Compass
-
J
Buyer's Agent in 2015
Jennifer Bitter
Compass
Map
Source: MLSListings
MLS Number: ML81684457
APN: 071-180-800
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