NOT LISTED FOR SALE

581 Berkeley Ave Menlo Park, CA 94025

Menlo Oaks Neighborhood

Estimated Value: $3,903,000 - $4,592,000

3 Beds
2 Baths
1,810 Sq Ft
$2,321/Sq Ft Est. Value

Last Sold September 27, 2024

Last sale price $4,250,000 $2,348 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $22,576/month

13 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Laundry in Utility Room
  • Laurel Elementary School Rated A
  • Eat-In Kitchen
  • Kitchen Island

About This Home

As of September 2024

Tucked away in the coveted Menlo Oaks neighborhood, this mid-century ranch-style home sits on nearly 1/2 acre of land surrounded by mature landscaping and beautiful oak trees. Whether you are looking to build your bespoke home or remodel the existing well-loved home, this is an excellent opportunity in an area known for its quiet, serene location. The home was recently repainted inside and out and the hardwood floors were refinished to showcase their natural beauty. Large windows bring the outdoors inside which adds to the serenity. This neighborhood is known for its excellent schools and close proximity to the downtowns of Menlo Park and Palo Alto. Nearby commute routes provide access to local technology companies and Stanford.

Last Agent to Sell the Property

Alana Corso

Christie's International Real Estate Sereno License #01914996 Listed on: 08/16/2024

Christie's International Real Estate Sereno

Last Buyer's Agent

Tina Li

BQ Realty License #02241077

BQ Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,443

Year Built

  • Built in 1947

Lot Details

  • 0.47 Acre Lot
  • Zoning described as R10010

Parking

  • Uncovered Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,810 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in Utility Room
  • Washer and Dryer

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 062-171-180

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,443

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Age: 77
  • Listing Class: Residential
  • Structure Sq Ft: 1810
  • Year Built: 1947
  • Zoning Description: R10010
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Eat in Kitchen, Formal Dining Room
  • Kitchen: Cooktop - Electric, Countertop - Formica, Dishwasher, Garbage Disposal, Island, Microwave, Oven - Electric, Refrigerator
  • Living Sq Ft: 1810
  • Stories: 1
  • Bedrooms: More than One Bedroom on Ground Floor
  • Laundry: In Utility Room, Washer / Dryer
  • Flooring: Tile, Vinyl / Linoleum, Wood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Stall Shower - 2+, Tile, Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Parking Area, Uncovered Parking

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High
  • Elementary School: Laurel Elementary
  • Middle School: Hillview Middle
  • High School: Menlo-Atherton High
  • High School: 658
  • Elementary School: 653
  • Middle School: 642

Lot Info

  • Parcel Number: 062-171-180
  • Lot Acres: 0.4700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20475.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20475.00

Multi Family

  • Utilities: Natural Gas, Public Utilities

MLS Schools

  • High School District Text: Sequoia Union High
  • Elementary School Text: Laurel Elementary
  • High School Text: Menlo-Atherton High
  • Middle School Text: Hillview Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Sep 11, 2024
Sold by
Elmer J And Helen E Reist 1990 Family Tr and Reist Nancy Lucille
Bought by
Li Tian and Gu Mingshuai
Seller's Agent
Alana Corso
Christie's International Real Estate Sereno
Buyer's Agent
Tina Li
BQ Realty
List Price
$3,998,000
Sold Price
$4,250,000
Premium/Discount to List
$252,000
6.3%
Views
21
Current Estimated Value
$4,200,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,153
Avg. Annual Appreciation
-1.10%
Original Mortgage
$2,475,000
Outstanding Balance
$2,439,333
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$1,761,514

Purchase Details

Closed on
Nov 10, 2015
Sold by
Reist Elmer J
Bought by
Reist Elmer J
Source: Public Records

Range of Values:

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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
Li Tian $4,250,000 Lawyers Title
Reist Elmer J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Tian $2,475,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Sold $4,250,000 +6.3% $2,348 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $3,998,000 -- $2,209 / 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 $4,443 $4,250,000 $4,069,000 $181,000
2023 $4,443 $142,986 $63,594 $79,392
2022 $4,171 $140,184 $62,348 $77,836
2021 $3,893 $137,436 $61,126 $76,310
2020 $3,807 $136,028 $60,500 $75,528
2019 $3,730 $133,362 $59,314 $74,048
2018 $3,601 $130,748 $58,151 $72,597
2017 $3,494 $128,185 $57,011 $71,174
2016 $3,233 $125,673 $55,894 $69,779
2015 $3,141 $123,786 $55,055 $68,731
2014 $3,017 $121,362 $53,977 $67,385
Source: Public Records

Agents Affiliated with this Home

  • Alana Corso

    Seller's Agent in 2024

    Alana Corso

    Christie's International Real Estate Sereno

    (650) 504-0270

    1 in this area

    73 Total Sales

    Alana Corso
    Section Image

  • T

    Buyer's Agent in 2024

    Tina Li

    BQ Realty

    (408) 800-5988

    1 in this area

    1 Total Sale

    Tina Li
    Section Image
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Map

Source: MLSListings

MLS Number: ML81977061

MLSListings

APN: 062-171-180

California San Mateo County Menlo Park 94025 Menlo Oaks

581 Berkeley Ave, Menlo Park, CA

This home is located at 581 Berkeley Ave, Menlo Park, CA 94025 since 16 August 2024 and is currently estimated at $4,200,847, approximately $2,320 per square foot. This property was built in 1947. 581 Berkeley Ave is a home located in San Mateo County with nearby schools including Laurel Elementary School, Hillview Middle School, and Menlo-Atherton High School.

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