NOT LISTED FOR SALE

423 Waverley St Menlo Park, CA 94025

Linfield Oaks Neighborhood

Estimated Value: $2,712,000 - $3,085,145

1 Bed
4 Baths
2,753 Sq Ft
$1,030/Sq Ft Est. Value

Last Sold May 17, 2012

Last sale price $1,175,000 $427 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $16,663/month

44 Days on Market

Highlights

  • Wood Flooring
  • Encinal Elementary School Rated A
  • Building Patio

About This Home

As of May 2012

Full Address is 423-429 Waverley St.Attractive 4-Plex in highly desirable Menlo Park location. Property consists of (1) 1 bedroom with den 1 bath unit and (3) spacious studio x 1 ba units w/eat in kitchens.Significant rent upside potential. Nice curb appeal with desirable open space at the rear of parcel.Attractive floorplans.Double pane windows. Walk to Burgess Park.Nr.Dwntwn PA & Dwntwn MP.

Last Agent to Sell the Property

Keith Suddjian

Cornish & Carey Commercial License #00673961 Listed on: 03/19/2012

Last Buyer's Agent

Keith Suddjian

Cornish & Carey Commercial License #00673961 Listed on: 03/19/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • 1952

Lot Details

  • 6,621

Parking

  • Carport

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Oven or Range
  • Energy-Efficient Insulation

Listing and Financial Details

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

Community Details

Building Details

  • Gardener Expense $2,100
  • Insurance Expense $2,721
  • Maintenance Expense $4,297
  • Manager Expense $3,519
  • Other Expense $137
  • Utility Expense $35
  • Trash Expense $1,325
  • Operating Expense $32,826
  • Gross Income $52,920

Additional Features

  • 4 Units
  • Building Patio

Property Details

Home Type

Multi-Family

Year Built

1952

Lot Details

6,621 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Laundry: Laundry - No
  • Flooring: Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle, Composition

Garage/Parking

  • Garage Parking Features: Carport

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Common

Association/Amenities

  • Amenities Miscellaneous: Storage Locker, Storage Area(s)

Schools

  • High School: 658

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6600.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6600.00
  • Lot Size Area Min Search: 6600.00
  • Maximum Lot Size: 6600.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 23.15

Multi Family

  • Expense Insurance: 2721
  • Expense Landscape: 2100
  • Expense Maintenance: 4297
  • Expense Management: 3519
  • Expenses Other: 137
  • Expenses Total: 32826
  • Expenses Utility: 35
  • Expense Trash: 1325
  • Expense Water Sewer: 923
  • Income Annual Gross: 52920.00
  • Income Annual Rental: 54000
  • Income Gross Scheduled: 54000
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Utilities - Gas, Insurance, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Services - Sewer, Supplies, Vacancy Factor, Utilities - Electric, Miscellaneous/Other
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Electric
  • Vacancy Amount: 1080
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2012
Closed on
May 8, 2012
Sold by
Biorn Robert A
Bought by
Spieker Richard Tod and Spieker Catherine Reilly
Seller's Agent
Keith Suddjian
Cornish & Carey Commercial
Buyer's Agent
Keith Suddjian
Cornish & Carey Commercial
List Price
$1,250,000
Sold Price
$1,175,000
Premium/Discount to List
-$75,000
-6%
Current Estimated Value
$2,836,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,661,786
Avg. Annual Appreciation
6.62%

Purchase Details

Closed on
Sep 7, 2005
Sold by
Orourke John L
Bought by
Orourke John L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Spieker Richard Tod $1,175,000 First American Title Company
Orourke John L -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2012 05/17/12 Sold $1,175,000 -6.0% $427 / Sq Ft
05/02/2012 05/02/12 Pending -- -- --
03/19/2012 03/19/12 For Sale $1,250,000 -- $454 / Sq Ft
Source: MLSListings

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 $23,178 $1,475,856 $737,928 $737,928
2023 $23,178 $1,418,548 $709,274 $709,274
2022 $22,004 $1,390,734 $695,367 $695,367
2021 $21,457 $1,363,466 $681,733 $681,733
2020 $21,232 $1,349,486 $674,743 $674,743
2019 $20,835 $1,323,026 $661,513 $661,513
2018 $20,211 $1,297,086 $648,543 $648,543
2017 $19,753 $1,271,654 $635,827 $635,827
2016 $19,116 $1,246,720 $623,360 $623,360
2015 $18,758 $1,227,994 $613,997 $613,997
2014 $18,224 $1,203,940 $601,970 $601,970
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2012

    Keith Suddjian

    Cornish & Carey Commercial

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Map

Source: MLSListings

MLS Number: ML81210271

MLSListings

APN: 062-404-200

California San Mateo County Menlo Park 94025 Linfield Oaks

423 Waverley St, Menlo Park, CA

Not Listed for Sale

MultiFamily

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