NOT LISTED FOR SALE

767 Roble Ave Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $3,183,000 - $3,533,117

8 Beds
4 Baths
4,340 Sq Ft
$771/Sq Ft Est. Value

Last Sold November 23, 2022

Last sale price $3,150,000 $726 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $21,861/month

7 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Balcony
  • Encinal Elementary School Rated A
  • Granite Countertops
  • 4-minute walk to Nealon Park

About This Home

As of November 2022

Well maintained 4-Plex in a fabulous Menlo Park location, a stone's throw from downtown shops and restaurants, close to Stanford University, and Allied Arts, with easy access to Facebook, Sand Hill Road, and many other major employers. Four spacious 2BR/1BA units with large rooms, lots of windows, central forced air heating, double paned windows. Three units have patios, the 4th has a very large balcony over the carport. Carport and storage lockers for each unit plus a shared laundry facility (not coin operated). One unit has handicap features. Set back from the street with mature landscaping and garden beds for those who might like to grow their own food. Menlo Park schools are highly rated.

Last Agent to Sell the Property

Lynne Mercer, CRS

Compass License #00796211 Listed on: 11/06/2022

Compass

Last Buyer's Agent

John Adams

Presidential Real Estate License #01512831

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $42,543

Year Built

  • 1955

Lot Details

  • 7,453 Sq Ft Lot
  • Sprinklers on Timer
  • Mostly Level

Home Design

  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Mudsill Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,340 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Gas Oven
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Parking

  • 1 Parking Space
  • 4 Carport Spaces
  • Lighted Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Thermostat
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $145,200

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $2,400
  • Insurance Expense $6,000
  • Maintenance Expense $25,000
  • Manager Expense $7,200
  • Other Expense $746
  • Utility Expense $2,985
  • Trash Expense $4,065
  • Operating Expense $82,804
  • Gross Income $142,296

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$42,543

Year Built

1955

Lot Details

0

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Age: 67
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4340
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Granite, Countertop - Other, Dishwasher, Exhaust Fan, Garbage Disposal, Hookups - Gas, Ice Maker, Oven Range - Gas, Pantry Cabinet, Refrigerator
  • Living Sq Ft: 4340
  • Stories: 2
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter, Mudsill, Post And Pier
  • Roof: Composition, Shingle
  • Yard/Grounds: Balcony / Patio, Deck, Porch - Enclosed, Sprinklers - Auto, Sprinklers - Lawn
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, Carport, Lighted Parking Area, Off-Street Parking
  • Carport Min: 4

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.1711
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7452.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7452.00

Green Features

  • Energy Features: Thermostat Controller

Rental Info

  • Gross Rent Multiplier: 22.04
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 6000
  • Expense Landscape: 2400
  • Expense Maintenance: 25000
  • Expense Management: 7200
  • Expenses Other: 746
  • Expenses Total: 82804
  • Expenses Utility: 2985
  • Expense Trash: 4065
  • Income Annual Gross: 142296.00
  • Income Annual Rental: 145200
  • Income Gross Scheduled: 145200
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance, Maintenance - Laundry, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2022
Closed on
Nov 17, 2022
Sold by
Bendix Mcdougle Family Trust
Bought by
Ozawa Matilija Lp
Seller's Agent
Lynne Mercer, CRS
Compass
Buyer's Agent
John Adams
Presidential Real Estate
List Price
$3,200,000
Sold Price
$3,150,000
Premium/Discount to List
-$50,000
-1.56%
Views
10
Current Estimated Value
$3,345,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,279
Avg. Annual Appreciation
2.58%

Purchase Details

Closed on
Feb 2, 2015
Sold by
Bendix Paul A and Mcdougle Jane
Bought by
Bendix Mcdougle Family Trust and Mcdougle Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2013
Sold by
Bendix Paul A
Bought by
Bendix Paul A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.38%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 6, 2011
Sold by
Mcmasters Tom
Bought by
Mcmasters Tom

Purchase Details

Closed on
Jun 25, 1998
Sold by
Mcmasters Tom
Bought by
Mcmasters Tom
Source: Public Records

Range of Values:

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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
Ozawa Matilija Lp $3,150,000 Chicago Title
Bendix Mcdougle Family Trust -- Stewart Title Of Ca Inc
Bendix Paul A -- Stewart Title Of Ca Inc
Bendix Paul A -- None Available
Mcmasters Tom -- None Available
Mcmasters Tom -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bendix Paul A $685,000
Previous Owner Bendix Paul A $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2022 11/23/22 Sold $3,150,000 -1.6% $726 / Sq Ft
11/14/2022 11/14/22 Pending -- -- --
11/06/2022 11/06/22 For Sale $3,200,000 -- $737 / 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 $42,543 $3,307,452 $1,976,760 $1,330,692
2023 $42,543 $3,150,000 $1,900,000 $1,250,000
2022 $34,437 $2,552,879 $1,531,728 $1,021,151
2021 $33,724 $2,502,824 $1,501,695 $1,001,129
2020 $33,463 $2,477,161 $1,486,297 $990,864
2019 $32,914 $2,428,590 $1,457,154 $971,436
2018 $32,036 $2,380,972 $1,428,583 $952,389
2017 $31,441 $2,334,287 $1,400,572 $933,715
2016 $30,577 $2,288,517 $1,373,110 $915,407
2015 $30,070 $2,254,142 $1,352,485 $901,657
2014 $29,372 $2,209,987 $1,325,992 $883,995
Source: Public Records

Agents Affiliated with this Home

  • Lynne Mercer, CRS

    Seller's Agent in 2022

    Lynne Mercer, CRS

    Compass

    (650) 906-0162

    1 in this area

    28 Total Sales

    Section Image
  • John Adams

    Buyer's Agent in 2022

    John Adams

    Presidential Real Estate

    (408) 442-7690

    1 in this area

    22 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81912427

MLSListings

APN: 071-322-110

California San Mateo County Menlo Park 94025 Downtown Menlo Park

767 Roble Ave, Menlo Park, CA

This home is located at 767 Roble Ave, Menlo Park, CA 94025 since 06 November 2022 and is currently estimated at $3,345,279, approximately $770 per square foot. This property was built in 1955. 767 Roble Ave 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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