NOT LISTED FOR SALE

5588 Alpine Rd Menlo Park, CA 94028

Estimated Value: $934,000 - $5,720,000

4.55 Acres
$622,160 Price per Acre
198,198 Sq Ft Lot

Last Sold August 20, 2021

Last sale price $825,000

Est. 179% increase in value since last sale

Current estimated payment $13,014/month

528 Days on Market

Highlights

  • Panoramic View
  • Hilly Lot
  • Stream
  • Corte Madera School Rated A+
  • Secluded Lot
  • Spring water is a source of water for the property

About This Lot

As of August 2021

Town of Portola Valley has approved plans to build an approximately 3,100 square foot off-the-grid by choice home with solar power and backup generator. Story poles from review process present on site. The current owner has water rights to Damiani Creek, and the property has a well and spring box. This approximately 4.55 acre parcel in the Santa Cruz Mountains AVA offers a private oasis close to it all. Adjacent to the Windy Hill Open Space Preserve, you can step off the property and onto miles and miles of hiking and equestrian trails. There is also direct access to some of the most challenging road and mountain biking routes in the area. Yet, situated less than two miles to the intersection of Alpine and Portola Roads, you have easy access to all that Portola Valley has to offer and to 280, Stanford University, Silicon Valley, San Francisco, and exceptional shopping and services. Pictures of home are renderings.

Last Agent to Sell the Property

Michele Morhenn

Coldwell Banker Realty License #02006379 Listed on: 02/28/2020

Coldwell Banker Realty

Last Buyer's Agent

Louise Dedera

Compass License #00409938

Compass

Property Details

Property Type

  • Land

Lot Details

  • 4.55 Acre Lot
  • Secluded Lot
  • Hilly Lot

Property Views

  • Panoramic
  • Hills
  • Valley

Horse Facilities and Amenities

  • Horses Potentially Allowed on Property

Utilities

  • Electricity Not Available
  • Spring water is a source of water for the property
  • Well

Community Details

  • Stream

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Zoning: M-R/7.5a/SD-3/D-R
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Present Use: Bare Land
  • Development Status: Approved Building Plan
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Hills, Panoramic, Valley
  • Horse Property: Possible

Schools

  • High School: 684

Lot Info

  • Lot Description: Grade - Hilly, Private / Secluded, Stream - Year Round
  • Lot Acres: 4.5500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 198198.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 198198.00
  • Parcel Access: Accessible

Multi Family

  • Utilities: Electricity - Not On Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
Aug 17, 2021
Sold by
Ross Brian and Ross Elsie Gyang
Bought by
Finlay Douglas H and Finlay Katharine A
Seller's Agent
Michele Morhenn
Coldwell Banker Realty
Buyer's Agent
Louise Dedera
Compass
List Price
$1,100,000
Sold Price
$825,000
Premium/Discount to List
-$275,000
-25%
Current Estimated Value
$2,304,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,479,602
Avg. Annual Appreciation
32.26%

Purchase Details

Closed on
Jun 14, 2005
Sold by
Simonic Edwina N
Bought by
Du Sinh Q

Purchase Details

Closed on
Sep 28, 2001
Sold by
Wilderness Equities Ltd Partnership
Bought by
Alpine Road Advisors Llc
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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Purchase History

Date Buyer Sale Price Title Company
Finlay Douglas H $825,000 Cornerstone Title Company
Du Sinh Q $550,000 First American Title Co
Alpine Road Advisors Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2021 08/20/21 Sold $825,000 -13.2% --
08/10/2021 08/10/21 Pending -- -- --
08/31/2020 08/31/20 Price Changed $950,000 -4.5% --
07/27/2020 07/27/20 Price Changed $995,000 -9.5% --
02/28/2020 02/28/20 For Sale $1,100,000 -- --
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 $11,550 $1,075,496 $875,496 $200,000
2023 $11,550 $841,500 $841,500 --
2022 $9,496 $825,000 $825,000 $0
2021 $8,000 $683,528 $683,528 $0
2020 $8,064 $676,520 $676,520 $0
2019 $7,983 $663,255 $663,255 $0
2018 $7,613 $650,250 $650,250 $0
2017 $7,530 $637,500 $637,500 $0
2016 $7,643 $647,620 $647,620 $0
2015 $7,595 $637,893 $637,893 $0
2014 $7,422 $625,398 $625,398 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81784543

MLSListings

APN: 080-020-080