581 Berkeley Ave Menlo Park, CA 94025
Menlo Oaks Neighborhood
3
Beds
2
Baths
1,810
Sq Ft
0.47
Acres
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 2024Tucked 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
Christie's International Real Estate Sereno License #01914996 Listed on: 08/16/2024
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$117,248
Avg. Annual Appreciation
-3.44%
Original Mortgage
$2,475,000
Outstanding Balance
$2,445,405
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$1,687,347
Purchase Details
Closed on
Nov 10, 2015
Sold by
Reist Elmer J
Bought by
Reist Elmer J
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $4,250,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,475,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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 | $4,335,000 | $4,150,380 | $184,620 |
| 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
74 Total Sales
-
Tina Li
T
Buyer's Agent in 2024
Tina Li
BQ Realty
(408) 800-5988
1 in this area
1 Total Sale
Map
Source: MLSListings
MLS Number: ML81977061
APN: 062-171-180
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