NOT LISTED FOR SALE

62 Arrowhead Ln Menlo Park, CA 94025

North Fair Oaks Neighborhood

Estimated Value: $1,447,000 - $1,991,647

3 Beds
2 Baths
1,398 Sq Ft
$1,265/Sq Ft Est. Value

Last Sold June 14, 2018

Last sale price $1,370,000 $980 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $10,840/month

26 Days on Market

Highlights

  • Golf Cart Garage
  • Woodside High School Rated A
  • 1-Story Property

About This Home

As of June 2018

INCREDIBLE INVESTMENT OPPORTUNITY! LIVE IN 1 UNIT AND RENT THE OTHER UNIT. ONE UNIT CONSIST OF 2 BEDROOM AND 1 BATHROOM AND OTHER 1 BEDROOM 1 BATHROOM! THE PROPERTY IS WELL MAINTAINED! THE PROPERTY IS LESS THAN 5 MILES AWAY FROM FACEBOOK AND SITS IN TOP RATED SCHOOLS. COME CHECK THIS LOVELY DUPLEX OUT!

Last Agent to Sell the Property

Mike Daoudi

Excel Realty License #01818301 Listed on: 04/19/2018

Excel Realty

Last Buyer's Agent

Om Talajia

Coldwell Banker Realty License #01353347

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Lot Details

  • 7,802

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,398 Sq Ft Home
  • 1-Story Property

Parking

  • 8 Parking Spaces
  • 2 Carport Spaces
  • No Garage
  • Golf Cart Garage

Additional Features

  • 7,802 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $19,800

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $500
  • Insurance Expense $705
  • Utility Expense $569
  • Trash Expense $470
  • Operating Expense $7,212
  • Gross Income $19,800

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

0

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1398
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Living Sq Ft: 1398
  • Stories: 1

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Golf Cart, No Garage, Parking Area
  • Carport Min: 2

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1791
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7800.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 65.10
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 705
  • Expense Landscape: 500
  • Expenses Total: 7212
  • Expenses Utility: 569
  • Expense Trash: 470
  • Income Annual Gross: 19800.00
  • Income Annual Rental: 19800
  • Income Gross Scheduled: 19800
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Services - Trash Removal, Utilities
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2020
Sold by
Subramaniam Selvarajan K and Sundaram Vinotha
Bought by
Subramaniam Selvarajan K and Sundaram Vinotha
Current Estimated Value
$1,769,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$653,000
Outstanding Balance
$581,365
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,187,797

Purchase Details

Listed on
Apr 19, 2018
Closed on
Jun 13, 2018
Sold by
Nunez Dilcia and Lopez Jesus Alberto Juarez
Bought by
Subramaniam Selvarajan K and Sundaram Vinotha
Seller's Agent
Mike Daoudi
Excel Realty
Buyer's Agent
Om Talajia
Coldwell Banker Realty
List Price
$1,288,888
Sold Price
$1,370,000
Premium/Discount to List
$81,112
6.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.42%
Original Mortgage
$685,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2018
Sold by
Nunez Erika and Nunez Dilcia
Bought by
Nunez Dilcia

Purchase Details

Closed on
Jan 29, 2016
Sold by
Nunez Antonio
Bought by
Nunez Erika and Nunez Dilcia
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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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
Subramaniam Selvarajan K -- Amrock Llc
Subramaniam Selvarajan K -- Amrock
Subramaniam Selvarajan K $1,370,000 Wfg National Title
Nunez Dilcia -- None Available
Nunez Erika -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Subramaniam Selvarajan K $653,000
Closed Subramaniam Selvarajan K $685,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2018 06/14/18 Sold $1,370,000 +6.3% $980 / Sq Ft
05/16/2018 05/16/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $1,288,888 -- $922 / 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 $20,177 $1,558,824 $1,217,477 $341,347
2023 $20,177 $1,498,294 $1,170,201 $328,093
2022 $18,843 $1,468,916 $1,147,256 $321,660
2021 $18,628 $1,440,114 $1,124,761 $315,353
2020 $18,356 $1,425,348 $1,113,228 $312,120
2019 $18,175 $1,397,400 $1,091,400 $306,000
2018 $5,366 $255,633 $120,095 $135,538
2017 $4,960 $250,622 $117,741 $132,881
2016 $4,738 $245,709 $115,433 $130,276
2015 $4,558 $242,020 $113,700 $128,320
2014 $4,447 $237,280 $111,473 $125,807
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mike Daoudi

    Excel Realty

    (510) 673-3814

    4 Total Sales

    Mike Daoudi
    Section Image

  • O

    Buyer's Agent in 2018

    Om Talajia

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81701682

MLSListings

APN: 060-094-040

California San Mateo County Menlo Park 94025 North Fair Oaks

62 Arrowhead Ln, Menlo Park, CA

Not Listed for Sale

MultiFamily

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