NOT LISTED FOR SALE

Estimated Value: $3,790,000 - $4,607,000

12 Beds
30 Baths
7,800 Sq Ft
$545/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $3,800,000 $487 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $27,304/month

26 Days on Market

Highlights

  • Vaulted Ceiling
  • Park or Greenbelt View
  • Fireplace
  • Laurel Elementary School Rated A
  • Skylights
  • 1-minute walk to Willow Oaks Park

About This Home

As of October 2021

495 Willow Road is a charming apartment building in Menlo Park, California. The property features four very spacious units, consisting of four 3bed/2.5bath townhouse style units. The subject property features a plethora of tucked under private parking, providing tenants with twelve (12) individual parking spaces. Each apartment has vaulted ceilings, two fireplaces, a private balcony, and in-unit washer/dryer. The subject property has a pitched five (5) year old composition roof. The investment appeal of this asset is driven by Menlo Parks strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 495 Willow Road presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Last Agent to Sell the Property

Marshall Ward

Compass Danville License #01919391 Listed on: 08/17/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $50,462

Year Built

  • Built in 1987

Lot Details

  • 0.27

Parking

  • 12 Car Garage
  • Off-Street Parking

Home Design

  • Quadruplex
  • Concrete Foundation
  • Composition Roof

Interior Spaces

  • 7,800 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights
  • Fireplace
  • Formal Entry
  • Storage
  • Laundry in unit
  • Park or Greenbelt Views

Kitchen

  • Built-In Electric Oven
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Heating System Uses Gas
  • Individual Gas Meter
  • Separate Water Meter

Additional Features

  • Accessible Parking
  • 0.27 Acre Lot

Community Details

  • 4 Units
  • Gross Income $138,696

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Assessor Parcel Number 062284220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$50,462

Year Built

Built in 1987

Lot Details

0

Parking

12

Listing Details

  • Interior Amenities: Formal Entry, Skylight Tube, Skylight(s), Storage Area(s), Vaulted Ceiling(s)
  • Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Lot Size Acres: 0.2730
  • Stories: 2
  • CapRate: 2.10
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Appliances: Built-In Electric Oven, Dishwasher, Disposal
  • Accessibility Features: Parking
  • Flooring: Carpet, Linoleum
  • Price Per Square Foot: 487.18
  • Square Footage: 7800.00
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Lot Features: Court, Sidewalk
  • Property Condition: Varies By Unit
  • Roof: Composition
  • View: Park

Garage/Parking

  • Parking Features: Garage, Off Street
  • Total Parking Spaces: 12.00
  • Garage Spaces: 12.00

Utilities

  • Cooling: Wall Unit(s)
  • Water Source: Meter Available, Public
  • Heating: Central, Electric, Fireplace(s), Gas
  • Laundry Features: In Each Unit
  • Separate Meters: Electricity, Gas, Water

Schools

  • School District: San Mateo
  • Elementary School: Menlo Park City Elem
  • Middle School: Sequoia Union High
  • High School: Menlo Park City Elem
  • Middle/Junior School District: Sequoia Union High

Lot Info

  • Assessor Parcel Number: 062284220
  • Lot Size Sq Ft: 11892.00

Rental Info

  • TenantPays: Electricity, Gas, Trash Collection, Water

Building Info

  • Year Built: 1987

Multi Family

  • Number Of3 Bedrooms Occupied: 4
  • Number of 3 Bedroom Units: 4
  • NumberOfUnitsTotal: 4

MLS Schools

  • Senior High School District: Menlo Park City Elem
  • School District (County): San Mateo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Nov 17, 2021
Sold by
Jain and Priya
Bought by
Fintech Enterprise Group Llc
Seller's Agent
Marshall Ward
Compass Danville
List Price
$3,800,000
Sold Price
$3,800,000
Current Estimated Value
$4,247,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$447,494
Avg. Annual Appreciation
2.93%
Original Mortgage
$2,280,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 17, 2021
Closed on
Oct 19, 2021
Sold by
Collins Carol P and The Carol P Collins Exempt Tru
Bought by
Jain Mehul and Jain Priya
Seller's Agent
Marshall Ward
Compass Danville
List Price
$3,800,000
Sold Price
$3,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,280,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2020
Sold by
Procter Glenn H and Collins Carol P
Bought by
Collins Carol P and Carol P Collins Exempt Trust

Purchase Details

Closed on
Aug 14, 2012
Sold by
Procter Virginia S
Bought by
Procter Virginia S

Purchase Details

Closed on
May 9, 1996
Sold by
Procter Carol L and Procter Carol P
Bought by
Collins Evan S and Collins Carol P
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
Fintech Enterprise Group Llc -- Law Office Of Kristin Young Ra
Jain Mehul $3,800,000 First American Title Company
Collins Carol P -- None Available
Procter Virginia S -- None Available
Collins Evan S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jain Mehul $2,280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $3,800,000 0.0% $487 / Sq Ft
09/12/2021 09/12/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $3,800,000 -- $487 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $50,462 $4,032,590 $2,175,476 $1,857,114
2023 $50,462 $3,876,000 $2,091,000 $1,785,000
2022 $48,121 $3,800,000 $2,050,000 $1,750,000
2021 $10,626 $367,471 $72,715 $294,756
2020 $10,436 $363,704 $71,970 $291,734
2019 $10,176 $356,573 $70,559 $286,014
2018 $9,807 $349,582 $69,176 $280,406
2017 $9,481 $342,728 $67,820 $274,908
2016 $9,044 $336,009 $66,491 $269,518
2015 $8,755 $330,963 $65,493 $265,470
2014 $8,362 $324,481 $64,211 $260,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 421585828

Bay Area Real Estate Information Services (BAREIS)

APN: 062-284-220