NOT LISTED FOR SALE

724 Oak Grove Ave Unit 5 Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $831,484 - $1,069,000

1 Bed
1.5 Baths
662 Sq Ft
0.38 Acres

Last Sold February 17, 2021

Last sale price $835,000 $1,261 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,930/month

41 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Neighborhood Views
  • Encinal Elementary School Rated A
  • High Ceiling
  • Subterranean Parking

About This Home

As of February 2021

This stunning open concept loft is conveniently located in downtown Menlo Park. Bright and sunny loft style condo with soaring ceilings, oversized skylight and wall of windows drenching the open floor plan with natural light. Kitchen cabinets, counters and stainless appliances have all been updated including a Bosch dishwasher. The spacious loft with fresh paint, new carpeting, is also equipped with a washer and dryer and additional storage closet. This is a secure mixed-use complex (street level is commercial use), with a secure parking garage. Great location, walkable to downtown amenities, conveniently close to Facebook, Stanford and easy access to Silicon Valley or San Francisco. Dont miss this fabulous unit, at this price it will not last.

Last Agent to Sell the Property

Margot and Ricky Lockwood/ Flores

Compass License #01017519 Listed on: 01/02/2021

Compass

Co-Listed By

Ricky Flores

Compass License #02027985

Last Buyer's Agent

Sasai Zhang

Redfin License #01975058

Redfin

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,533

Year Built

  • 1985

Lot Details

  • 0.38

Parking

  • Subterranean Parking
  • Secured Garage or Parking

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 662 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Skylights
  • Combination Dining and Living Room
  • Neighborhood Views
  • Security Gate

Kitchen

  • Electric Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • Loft Bedroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Utilities

  • Central Air
  • Vented Exhaust Fan
  • Radiant Heating System

Community Details

  • Association fees include electricity, exterior painting, insurance
  • Oak Grove Owner's Association

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,533

Year Built

1985

Lot Details

0

Parking

1

Listing Details

  • Zoning: RC0000
  • Subclass: Condominium
  • Style: Contemporary
  • Age: 35
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Max Numberof Unitsin Building: 11
  • Structure Sq Ft: 662
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1985

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area In Living Room
  • Kitchen: Dishwasher, Exhaust Fan, Garbage Disposal, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 662
  • Stories: 2
  • Security: Secured Garage / Parking, Security Building
  • Bedrooms: Loft Bedroom
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Wood
  • Additional Rooms: Storage
  • Maximum Numberof Bedrooms: 1
  • Minimum Numberof Bedrooms: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Bathroom: Shower And Tub

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Neighborhood

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage, Underground Parking

Utilities

  • Cooling System: Central Ac
  • Heating System: Radiant
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 315
  • HOA Documents: Articles Of Incorporation, Assoc. Membership Pre-Approval Reqd, Budget, Bylaws, Cc&rs, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • Association Fees Include: Electricity, Exterior Painting, Insurance
  • HOA Exist: Yes
  • H O A Name Text: Oak Grove Owner's Association

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Security Gate, Skylight

Schools

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

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 2
  • Minimum Building Height: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2021
Closed on
Jan 28, 2021
Sold by
Greenley Mary Dianne
Bought by
Norkeviciute Dovile
Seller's Agent
Margot and Ricky Lockwood/ Flores
Compass
Buyer's Agent
Sasai Zhang
Redfin
List Price
$850,000
Sold Price
$835,000
Premium/Discount to List
-$15,000
-1.76%
Total Days on Market
41
Current Estimated Value
$884,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,550
Avg. Annual Appreciation
1.57%
Original Mortgage
$709,750
Outstanding Balance
$637,153
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$258,163

Purchase Details

Closed on
Feb 1, 2019
Sold by
Greenley Mary Dianne
Bought by
Greenley Mary Dianne

Purchase Details

Closed on
May 15, 2017
Sold by
Thoits Bros Inc
Bought by
Qed Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 2009
Sold by
Roelofs Paul and Roelofs Andrea C
Bought by
Greenley Mary Dianne

Purchase Details

Closed on
Oct 28, 2005
Sold by
Roelofs Paul F and Roelofs Andrea C
Bought by
Roelofs Paul and Roelofs Andrea C

Purchase Details

Closed on
Sep 29, 2004
Sold by
Roelofs Kristen V and Ferro Chris A
Bought by
Roelofs Paul F and Roelofs Andrea C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 24, 2003
Sold by
Roelots Kristen V
Bought by
Ferro Chris A and Roelofs Kristen V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.8%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 29, 1993
Sold by
Griffin Shirley
Bought by
Griffin Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 1993
Sold by
The Shirley Griffin Living Trust
Bought by
Griffin Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage
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
Norkeviciute Dovile $835,000 Old Republic Title Company
Greenley Mary Dianne -- None Available
Qed Llc $6,270,000 First American Title Ins Co
Greenley Mary Dianne $389,000 First American Title Company
Roelofs Paul -- --
Roelofs Paul F $430,000 Fidelity National Title
Ferro Chris A -- Fidelity National Title Co
Griffin Shirley -- --
Griffin Shirley -- Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norkeviciute Dovile $709,750
Previous Owner Qed Llc $5,500,000
Previous Owner Roelofs Paul F $344,000
Previous Owner Roelofs Paul F $344,000
Previous Owner Ferro Chris A $100,000
Previous Owner Ferro Chris A $270,000
Previous Owner Ferro Chris A $270,000
Previous Owner Griffin Shirley $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2021 02/17/21 Sold $835,000 -1.8% $1,261 / Sq Ft
01/14/2021 01/14/21 Pending -- -- --
12/03/2020 12/03/20 For Sale $850,000 -- $1,284 / 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 $12,533 $903,828 $271,148 $632,680
2023 $12,533 $868,733 $260,620 $608,113
2022 $11,961 $851,700 $255,510 $596,190
2021 $7,608 $463,878 $139,160 $324,718
2020 $7,514 $459,123 $137,734 $321,389
2019 $7,389 $450,122 $135,034 $315,088
2018 $7,170 $441,297 $132,387 $308,910
2017 $7,012 $432,645 $129,792 $302,853
2016 $6,685 $424,163 $127,248 $296,915
2015 $6,571 $417,793 $125,337 $292,456
2014 $6,405 $409,610 $122,882 $286,728
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Margot and Ricky Lockwood/ Flores

    Compass

    Section Image

  • R

    Seller Co-Listing Agent in 2021

    Ricky Flores

    Compass

    Section Image

  • S

    Buyer's Agent in 2021

    Sasai Zhang

    Redfin

    Section Image
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Map

Source: MLSListings

MLS Number: ML81822126

MLSListings

APN: 112-170-050

California San Mateo County Menlo Park 94025 Downtown Menlo Park

724 Oak Grove Ave Unit 5, Menlo Park, CA

This home is located at 724 Oak Grove Ave Unit 5, Menlo Park, CA 94025 since 02 January 2021 and is currently estimated at $910,121, approximately $1,374 per square foot. This property was built in 1985. 724 Oak Grove Ave Unit 5 is a home located in San Mateo County with nearby schools including Encinal Elementary School, Hillview Middle School, and Menlo-Atherton High School.

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