NOT LISTED FOR SALE

Estimated Value: $2,132,000 - $2,514,000

4 Beds
2 Baths
2,273 Sq Ft
$1,022/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $2,050,000 $902 Per Sq Ft

6 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 1-Story Property
  • Menlo-Atherton High School Rated A

About This Home

As of September 2021

Rarely available updated duplex in Menlo Park within close proximity to HWY 101 and commute routes with individual utility meters. Detached homes each with two nicely sized bedrooms, one full updated bathroom with tub-shower combination, open concept remodeled kitchen and living room with fireplace at 4321 Fair Oaks. Additional amenities include hardwood floors throughout, attached one car garage, updated lighting and newer dual pane windows. In addition each home enjoys a private landscaped yard with artificial lawn, patio and planting beds. An incredible opportunity and a rare offering.

Last Agent to Sell the Property

Judy Citron

Compass License #01825569 Listed on: 08/19/2021

Compass

Co-Listed By

Tim Kerns

Compass License #01800770

Last Buyer's Agent

Judy Citron

Compass License #01825569 Listed on: 08/19/2021

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,848

Year Built

  • 1957

Lot Details

  • 6,251 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,273 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $85,800

Community Details

Overview

  • 2,273 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $2,400
  • Insurance Expense $2,000
  • Maintenance Expense $10,400
  • Operating Expense $30,800
  • Gross Income $85,801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,848

Year Built

1957

Lot Details

0

Parking

1

Listing Details

  • Zoning: R10006
  • Subclass: Duplex
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2273
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Living Sq Ft: 2273
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Hardwood

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Sequoia Union High
  • High School: Menlo-Atherton High
  • High School: 658

Lot Info

  • Lot Acres: 0.1435
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6250.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6250.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.69
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 2400
  • Expense Maintenance: 10400
  • Expenses Total: 30800
  • Income Annual Gross: 85801.00
  • Income Annual Rental: 85800
  • Income Gross Scheduled: 85801
  • Income Includes: Rents
  • Income Other: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Vacancy Factor: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Aug 31, 2021
Sold by
Sabounchi Poorya and Sharifzadeh Newsha
Bought by
Glascock Lilian Weiland and Lilian Weiland Living Trust
Seller's Agent
Judy Citron
Compass
Buyer's Agent
Judy Citron
Compass
List Price
$1,689,000
Sold Price
$2,050,000
Premium/Discount to List
$361,000
21.37%

Purchase Details

Listed on
Mar 12, 2015
Closed on
Mar 23, 2015
Sold by
Varela Mary H and Pacheco Javier B
Bought by
Sabounchi Poorya and Sharifzadeh Newsha
Seller's Agent
Vince Cardinale
KW Bay Area Living
Buyer's Agent
Jen Gonzalez La'O
Coldwell Banker
List Price
$995,000
Sold Price
$1,130,000
Premium/Discount to List
$135,000
13.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.71%

Purchase Details

Closed on
Apr 29, 1995
Sold by
Pacheco Marcelino B and Pacheco Mary B
Bought by
Pacheco Marcelino B and Pacheco Mary B
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Glascock Lilian Weiland $2,050,000 Lawyers Title Company
Sabounchi Poorya $1,130,000 Old Republic Title Company
Pacheco Marcelino B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lilian Weiland Living Trust $1,000,000
Previous Owner Sabounchi Poorya $537,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $2,050,000 +21.4% $902 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $1,689,000 +49.5% $743 / Sq Ft
03/31/2015 03/31/15 Sold $1,130,000 +13.6% $497 / Sq Ft
03/21/2015 03/21/15 Pending -- -- --
03/12/2015 03/12/15 For Sale $995,000 -- $438 / 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 $26,848 $2,175,476 $1,618,342 $557,134
2023 $26,848 $2,091,000 $1,555,500 $535,500
2022 $25,101 $2,050,000 $1,525,000 $525,000
2021 $16,611 $1,254,660 $627,330 $627,330
2020 $16,366 $1,241,796 $620,898 $620,898
2019 $16,192 $1,217,448 $608,724 $608,724
2018 $15,629 $1,193,578 $596,789 $596,789
2017 $15,111 $1,170,176 $585,088 $585,088
2016 $14,750 $1,147,232 $573,616 $573,616
2015 $2,734 $73,941 $18,361 $55,580
2014 $2,591 $72,494 $18,002 $54,492
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81859059

MLSListings

APN: 060-141-100