NOT LISTED FOR SALE

700 Arbor Rd Menlo Park, CA 94025

Central Menlo Park Neighborhood

Estimated Value: $2,398,000 - $4,406,450

5 Beds
4 Baths
3,304 Sq Ft
$989/Sq Ft Est. Value

Last Sold April 05, 2013

Last sale price $2,075,000 $628 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $19,842/month

3 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • 2-minute walk to Jack W. Lyle Park
  • Oak Knoll Elementary School Rated A
  • Laundry Facilities

About This Home

As of April 2013

Recently renovated: New dual paned windows, New pain, Section 1 clearance issued November 2012, Three of the units have: Complete renovation to kitchens and bathrooms including: Granite counters, tile, new cabinets, stainless steel appliances, upgraded the electrical, panels and switches, refinished hardwood floors throughout units, new wall heaters, new doors

Last Agent to Sell the Property

Andre Jizrawi

Bay East AOR License #01450753 Listed on: 03/25/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • 1956

Lot Details

  • 6,926

Parking

  • Carport

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,304 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $121,200
  • The owner pays for hot water

Community Details

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $1,000
  • Maintenance Expense $800
  • Utility Expense $1,164
  • Trash Expense $1,470
  • Operating Expense $16,531
  • Gross Income $119,658

Additional Features

  • 3,304 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1956

Lot Details

0

Listing Details

  • Zoning: R300
  • Subclass: Fourplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 628.03
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3304
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Refrigerator
  • Living Sq Ft: 3304
  • Stories: 2
  • Laundry: Washer/Dryer - Owned, Community Facility
  • Flooring: Tile, Hardwood

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Carport

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6944.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6944.00
  • Lot Size Area Min Search: 6944.00
  • Maximum Lot Size: 6944.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 17.40

Multi Family

  • Expense Insurance: 1000
  • Expense Landscape: 1200
  • Expense Maintenance: 800
  • Expenses Total: 16531
  • Expenses Utility: 1164
  • Expense Trash: 1470
  • Expense Water Sewer: 1470
  • Income Annual Gross: 119658.00
  • Income Annual Rental: 121200
  • Income Gross Scheduled: 122100
  • Income Includes: Laundry, Lease
  • Income Laundry: 900
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Hot Water, Services - Trash Removal, Services - Gardener, Insurance, Maintenance - Repair, Vacancy Factor
  • Owner Pays: Hot Water
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric
  • Vacancy Amount: 2442
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2015
Sold by
Caldera Properties Llc
Bought by
700 Arbor Road Llc
Current Estimated Value
$3,267,150

Purchase Details

Closed on
Mar 4, 2014
Sold by
700 Arbor Road Llc
Bought by
Caldera Properties Llc

Purchase Details

Listed on
Mar 25, 2013
Closed on
Apr 1, 2013
Sold by
Howard Matthew J and Howard Karen
Bought by
700 Arbor Road Llc
Seller's Agent
Andre Jizrawi
Bay East AOR
List Price
$2,125,000
Sold Price
$2,075,000
Premium/Discount to List
-$50,000
-2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.61%

Purchase Details

Closed on
Oct 25, 2012
Sold by
Buchman John A and Buchman Dorothy L
Bought by
Howard Matthew J and Howard Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 1993
Sold by
Buchman John A and Buchman Dorothy L
Bought by
Buchman John A and Buchman Dorothy L
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
700 Arbor Road Llc -- None Available
Caldera Properties Llc -- None Available
700 Arbor Road Llc $2,075,000 First American Title Ins Co
Howard Matthew J $1,400,000 First American Title Ins Co
Buchman John A -- --
Buchman John A -- --
Buchman John A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Howard Matthew J $980,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2013 04/05/13 Sold $2,075,000 -2.4% $628 / Sq Ft
03/28/2013 03/28/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $2,125,000 -- $643 / Sq Ft
Source: MLSListings

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 $34,513 $2,555,204 $1,277,602 $1,277,602
2023 $34,513 $2,455,984 $1,227,992 $1,227,992
2022 $32,857 $2,407,828 $1,203,914 $1,203,914
2021 $32,165 $2,360,616 $1,180,308 $1,180,308
2020 $31,909 $2,336,412 $1,168,206 $1,168,206
2019 $31,380 $2,290,600 $1,145,300 $1,145,300
2018 $30,528 $2,245,688 $1,122,844 $1,122,844
2017 $29,952 $2,201,656 $1,100,828 $1,100,828
2016 $29,117 $2,158,488 $1,079,244 $1,079,244
2015 $28,697 $2,126,066 $1,063,033 $1,063,033
2014 $28,020 $2,084,420 $1,042,210 $1,042,210
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Andre Jizrawi

    Bay East AOR

See All Agents

Map

Source: MLSListings

MLS Number: ML81309382

MLSListings

APN: 071-291-200

California San Mateo County Menlo Park 94025 Central Menlo Park

700 Arbor Rd, Menlo Park, CA

Not Listed for Sale

MultiFamily

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