NOT LISTED FOR SALE

677 Fremont St Menlo Park, CA 94025

Central Menlo Park Neighborhood

Estimated Value: $3,340,000 - $3,963,000

8 Beds
8 Baths
6,812 Sq Ft
$541/Sq Ft Est. Value

Last Sold August 19, 2021

Last sale price $3,450,000 $506 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $22,989/month

18 Days on Market

Highlights

  • Subterranean Parking
  • Enclosed Patio or Porch
  • Laundry Room
  • Oak Knoll Elementary School Rated A
  • Tandem Parking
  • 1-minute walk to Jack W. Lyle Park

About This Home

As of August 2021

4 large townhouse-style 2-bed, 1.5-bath units over 1,000 SF, each with private entries, private covered porch, and large 2nd floor covered balconies. Multiple large storage rooms including a huge flexible space with large glass sliding door access to private rear patio with potential for extra rooms or ADU. Well maintained and updated unit interiors for a turn-key investment, including updated kitchens, bathrooms, flooring, paint, windows, and more. Incredible location a couple blocks from downtown and only one house away from Lyle Park. All dual pane windows, private balconies, pitched composite roof, and ample onsite covered parking. One unit can be delivered vacant making this an ideal building to owner occupy.

Last Agent to Sell the Property

Bryan Danforth

Newmark Cornish & Carey License #01789680 Listed on: 06/18/2021

Newmark Cornish & Carey

Co-Listed By

Brian Henry

Cornish & Carey Commercial License #01385537

Last Buyer's Agent

Tom Boeddiker

Lycette Properties License #00970807

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 5,750

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 6,812 Sq Ft Home
  • 3-Story Property
  • Storage Room

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Subterranean Parking
  • Lighted Parking
  • Tandem Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Enclosed Patio or Porch
  • 5,750 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $148,800

Community Details

Overview

Amenities

  • Courtyard
  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $1,320
  • Insurance Expense $2,107
  • Maintenance Expense $2,000
  • Other Expense $1,000
  • Utility Expense $2,633
  • Trash Expense $2,291
  • Operating Expense $54,383
  • Gross Income $146,776

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 6812
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 6812
  • Stories: 3
  • Laundry: Coin Operated, Washer / Dryer
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Courtyard, Porch - Enclosed
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport, Lighted Parking Area, Tandem Parking, Underground Parking
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • High School: 658

Lot Info

  • Lot Acres: 0.1320
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5750.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Less Than 1 Yr
  • Gross Rent Multiplier: 22.37
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2107
  • Expense Landscape: 1320
  • Expense Maintenance: 2000
  • Expenses Other: 1000
  • Expenses Total: 54383
  • Expenses Utility: 2633
  • Expense Trash: 2291
  • Income Annual Gross: 146776.00
  • Income Annual Rental: 148800
  • Income Gross Scheduled: 149771
  • Income Includes: Coin Operated Equip
  • Income Other: 971
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Capital Improvements, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2021
Closed on
Aug 19, 2021
Sold by
John Oconnor Dennis
Bought by
Ferguson Christy A
Seller's Agent
Bryan Danforth
Newmark Cornish & Carey
Buyer's Agent
Tom Boeddiker
Lycette Properties
List Price
$3,350,000
Sold Price
$3,450,000
Premium/Discount to List
$100,000
2.99%
Current Estimated Value
$3,683,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,986
Avg. Annual Appreciation
1.49%

Purchase Details

Listed on
Jun 18, 2021
Closed on
Aug 17, 2021
Sold by
Ferguson Christy A and The Dennis J Oconnor Trust
Bought by
Gall Penny Howe and Penny Gallo 1992 Living Trust
Seller's Agent
Bryan Danforth
Newmark Cornish & Carey
Buyer's Agent
Tom Boeddiker
Lycette Properties
List Price
$3,350,000
Sold Price
$3,450,000
Premium/Discount to List
$100,000
2.99%

Purchase Details

Closed on
Jan 26, 2004
Sold by
Oconnor Dennis J
Bought by
Oconnor Dennis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$509,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 1998
Sold by
Oconnor Dennis J
Bought by
Oconnor Dennis J

Purchase Details

Closed on
Sep 12, 1996
Sold by
Jones Calvin M and Jones Mary D
Bought by
Oconnor Dennis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
7.88%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ferguson Christy A -- --
Gall Penny Howe $3,450,000 Chicago Title Company
Oconnor Dennis J -- First American Title Company
Oconnor Dennis J -- First American Title Company
Oconnor Dennis J -- --
Oconnor Dennis J $750,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oconnor Dennis J $509,000
Previous Owner Oconnor Dennis J $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2021 08/19/21 Sold $3,450,000 +3.0% $506 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $3,350,000 -- $492 / 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 $46,305 $3,661,167 $2,440,778 $1,220,389
2023 $46,305 $3,519,000 $2,346,000 $1,173,000
2022 $44,144 $3,450,000 $2,300,000 $1,150,000
2021 $18,738 $1,128,487 $338,539 $789,948
2020 $18,526 $1,116,917 $335,068 $781,849
2019 $18,166 $1,095,018 $328,499 $766,519
2018 $17,617 $1,073,548 $322,058 $751,490
2017 $17,204 $1,052,499 $315,744 $736,755
2016 $16,618 $1,031,862 $309,553 $722,309
2015 $16,282 $1,016,364 $304,904 $711,460
2014 $15,781 $996,456 $298,932 $697,524
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Bryan Danforth

    Newmark Cornish & Carey

    Section Image

  • B

    Seller Co-Listing Agent in 2021

    Brian Henry

    Cornish & Carey Commercial

    Section Image

  • T

    Buyer's Agent in 2021

    Tom Boeddiker

    Lycette Properties

    (650) 867-5449

    2 in this area

    8 Total Sales

    Tom Boeddiker
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81849776

MLSListings

APN: 071-291-150

California San Mateo County Menlo Park 94025 Central Menlo Park

677 Fremont St, Menlo Park, CA

Not Listed for Sale

MultiFamily

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