NOT LISTED FOR SALE

835 Fremont St Menlo Park, CA 94025

Central Menlo Park Neighborhood

Estimated Value: $2,577,000 - $3,340,000

4 Beds
4 Baths
2,162 Sq Ft
$1,399/Sq Ft Est. Value

Last Sold June 04, 2015

Last sale price $1,960,000 $907 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $18,561/month

11 Days on Market

Highlights

  • Carpet
  • Oak Knoll Elementary School Rated A
  • 3-minute walk to Jack W. Lyle Park

About This Home

As of June 2015

Location, location, location!! Walk 2 blocks to restaurants, shops and downtown shopping area of Menlo Park. Playground and park within a half block from fourplex. Four 1bedroom, 1 bath units with similar functional floor plans. Below market rents. Excellent upside potential. Carport with storage, coin-op laundry, yard with patio. Great neighborhood, schools and easy access to freeways.

Last Agent to Sell the Property

Melinda Wong

Corcoran Icon Properties License #00802564 Listed on: 05/09/2015

Corcoran Icon Properties

Last Buyer's Agent

Kay Swen

Corcoran Icon Properties License #01023612

Corcoran Icon Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,383

Year Built

  • 1950

Lot Details

  • 5,619 Sq Ft Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,162 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $84,045

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $840
  • Insurance Expense $1,556
  • Other Expense $1,990
  • Utility Expense $970
  • Trash Expense $1,568
  • Operating Expense $20,281
  • Gross Income $84,045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,383

Year Built

1950

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 65
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2162
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Living Sq Ft: 2162
  • Stories: 2
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1290
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5600.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Less Than 1 Yr
  • Gross Rent Multiplier: 19.49
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1556
  • Expense Landscape: 840
  • Expenses Other: 1990
  • Expenses Total: 20281
  • Expenses Utility: 970
  • Expense Trash: 1568
  • Income Annual Gross: 84045.00
  • Income Annual Rental: 84045
  • Income Gross Scheduled: 84045
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener, Services - Trash Removal, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2015
Closed on
May 21, 2015
Sold by
Swords Wendy B
Bought by
Alemany Plaza Llc
Seller's Agent
Melinda Wong
Corcoran Icon Properties
Buyer's Agent
Kay Swen
Corcoran Icon Properties
List Price
$1,638,000
Sold Price
$1,960,000
Premium/Discount to List
$322,000
19.66%
Current Estimated Value
$3,024,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,064,406
Avg. Annual Appreciation
4.26%

Purchase Details

Closed on
Mar 12, 2009
Sold by
Swords Wendy B
Bought by
Swords Wendy B

Purchase Details

Closed on
Sep 5, 2008
Sold by
Swords Wendy B
Bought by
Swords Wendy B and Swords Daniel F

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
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 1998
Sold by
Lum Charles S and Lum Lilian C
Bought by
Swords Wendy B

Purchase Details

Closed on
Dec 19, 1994
Sold by
Lum Charles S and Lum Lilian C
Bought by
Lum Charles S and Lum Lilian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.45%

Purchase Details

Closed on
Dec 5, 1994
Sold by
Mayfield Investment Company Inc
Bought by
Lum Charles S and Lum Lilian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.45%
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
Alemany Plaza Llc $1,960,000 Fidelity National Title Co
Swords Wendy B -- None Available
Swords Wendy B -- None Available
Swords Wendy B -- Fidelity National Title Co
Swords Wendy B -- --
Lum Charles S -- --
Lum Charles S -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Swords Wendy B $270,000
Previous Owner Lum Charles S $345,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2015 06/04/15 Sold $1,960,000 +19.7% $907 / Sq Ft
05/20/2015 05/20/15 Pending -- -- --
05/09/2015 05/09/15 For Sale $1,638,000 -- $758 / 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 $32,383 $2,355,616 $1,177,808 $1,177,808
2023 $32,383 $2,264,146 $1,132,073 $1,132,073
2022 $30,818 $2,219,752 $1,109,876 $1,109,876
2021 $30,154 $2,176,228 $1,088,114 $1,088,114
2020 $29,905 $2,153,914 $1,076,957 $1,076,957
2019 $29,401 $2,111,682 $1,055,841 $1,055,841
2018 $28,594 $2,070,278 $1,035,139 $1,035,139
2017 $28,043 $2,029,686 $1,014,843 $1,014,843
2016 $27,245 $1,989,890 $994,945 $994,945
2015 $13,823 $796,623 $238,983 $557,640
2014 $13,357 $781,019 $234,302 $546,717
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Melinda Wong

    Corcoran Icon Properties

    Section Image

  • K

    Buyer's Agent in 2015

    Kay Swen

    Corcoran Icon Properties

    Section Image
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Map

Source: MLSListings

MLS Number: ML81464390

MLSListings

APN: 071-291-040

California San Mateo County Menlo Park 94025 Central Menlo Park

835 Fremont St, Menlo Park, CA

This home is located at 835 Fremont St, Menlo Park, CA 94025 since 09 May 2015 and is currently estimated at $3,024,406, approximately $1,398 per square foot. This property was built in 1950. 835 Fremont St is a home located in San Mateo County with nearby schools including Oak Knoll Elementary School, Hillview Middle School, and Menlo-Atherton High School.

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