NOT LISTED FOR SALE

837 Roble Ave Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $3,112,000 - $3,515,000

8 Beds
5 Baths
4,248 Sq Ft
$788/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $3,400,000 $800 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $20,425/month

6 Days on Market

Highlights

  • Wood Flooring
  • Washer and Dryer
  • 2-minute walk to Nealon Park
  • Encinal Elementary School Rated A

About This Home

As of May 2024

This is a most beautifully remodeled and lovingly cared for apartment building in the prime area of Menlo Park. The exterior upgrades include: double-pane windows, driveway in front of the building, electrical service panel, wood fence with metal post, covered brick-veneer porches for units #1 and #2, pedestal mailbox, and lateral sewer pipe replacement. Each unit has a dedicated washer and dryer. Units #1, #2, #3 have remodeled kitchen and baths with top quality materials, fixtures and appliances, hardwood and tile flooring; forced air heating with high-efficiency furnace; low voltage wiring; cat6; insulated exterior walls; dedicated outdoor areas for private use. Downstairs units have sound-proofed and vibration-proofed ceilings. Unit #4 has updated appliances, wall heater, dedicated washer/dryer and a huge private deck. The building is surrounded by a beautiful garden. All units have access to 1G Internet provided by AT&T. Available for showing, by appointment only, Monday morning, May 13th.

Last Agent to Sell the Property

Teresa Budzich

Compass License #00844929 Listed on: 05/10/2024

Compass

Last Buyer's Agent

Anne Wilbur

Wilbur Properties License #00823559

Property Details

Home Type

  • Multi-Family

Year Built

  • 1954

Lot Details

  • 7,867 Sq Ft Lot

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,248 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Range Hood
  • Dishwasher
  • Synthetic Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Parking

  • 2 Carport Spaces
  • Assigned Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $159,600

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $2,250
  • Insurance Expense $3,522
  • Maintenance Expense $5,939
  • Utility Expense $986
  • Trash Expense $1,193
  • Operating Expense $43,158
  • Gross Income $158,004

Property Details

Home Type

Multi-Family

Year Built

1954

Lot Details

7,867 Sq Ft Lot

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4248
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Kitchen: Countertop - Synthetic, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range - Built-In, Gas, Refrigerator
  • Living Sq Ft: 4248
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: Assigned Spaces
  • Carport Min: 2

Utilities

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

Lot Info

  • Lot Acres: 0.1806
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7866.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7866.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 18.64
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3522
  • Expense Landscape: 2250
  • Expense Maintenance: 5939
  • Expenses Total: 43158
  • Expenses Utility: 986
  • Expense Trash: 1193
  • Income Annual Gross: 158004.00
  • Income Annual Rental: 159600
  • Income Gross Scheduled: 159600
  • Income Includes: Rents
  • Meters: Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance, Maintenance - Laundry, Miscellaneous/Other, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
May 20, 2024
Sold by
Advest Bank
Bought by
Tflobell Llc
Seller's Agent
Teresa Budzich
Compass
Buyer's Agent
Anne Wilbur
Wilbur Properties
List Price
$2,975,000
Sold Price
$3,400,000
Premium/Discount to List
$425,000
14.29%
Views
6
Current Estimated Value
$3,348,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,187
Avg. Annual Appreciation
-0.82%

Purchase Details

Closed on
Oct 6, 2011
Sold by
Smulski Michal
Bought by
Advest Inc

Purchase Details

Closed on
Mar 24, 2011
Sold by
Smulski Francine Kubel
Bought by
Smulski Michal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2010
Sold by
Lynn John Kevin and Wall Kathleen E
Bought by
Lynn John Kevin and Wall Kathleen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2008
Sold by
Lynn John Kevin and Wall Kathleen E
Bought by
Lynn John Kevin and Wall Kathleen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$785,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2006
Sold by
Barry Stephen C and Barry Ann B
Bought by
Lynn John Kevin and Wall Kathleen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,000
Interest Rate
6.16%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 4, 2003
Sold by
Barry Stephen C and Barry Ann B
Bought by
Barry Stephen C and Barry Ann B
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
Tflobell Llc $3,400,000 Chicago Title
Advest Inc -- None Available
Smulski Michal -- Chicago Title Company
Smulski Michal $1,690,000 Chicago Title Company
Lynn John Kevin -- North American Title Co Inc
Lynn John Kevin -- North American Title Co Inc
Lynn John Kevin -- North American Title Co
Lynn John Kevin -- North American Title Co
Lynn John Kevin $1,651,000 Fidelity National Title
Barry Stephen C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smulski Michal $750,000
Previous Owner Lynn John Kevin $768,000
Previous Owner Lynn John Kevin $785,000
Previous Owner Lynn John Kevin $801,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2024 05/24/24 Sold $3,400,000 +14.3% $800 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $2,975,000 -- $700 / 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 $30,365 $3,468,000 $1,999,200 $1,468,800
2023 $30,365 $2,081,102 $1,040,551 $1,040,551
2022 $28,887 $2,040,298 $1,020,149 $1,020,149
2021 $28,249 $2,000,294 $1,000,147 $1,000,147
2020 $28,006 $1,979,784 $989,892 $989,892
2019 $27,527 $1,940,966 $970,483 $970,483
2018 $26,772 $1,902,908 $951,454 $951,454
2017 $26,244 $1,865,598 $932,799 $932,799
2016 $25,482 $1,829,018 $914,509 $914,509
2015 $25,087 $1,801,546 $900,773 $900,773
2014 $24,461 $1,766,258 $883,129 $883,129
Source: Public Records

Agents Affiliated with this Home

  • Teresa Budzich

    Seller's Agent in 2024

    Teresa Budzich

    Compass

    (650) 704-8775

    2 in this area

    7 Total Sales

    Teresa Budzich
    Section Image
  • Anne Wilbur

    Buyer's Agent in 2024

    Anne Wilbur

    Wilbur Properties

    (415) 559-5557

    1 in this area

    11 Total Sales

    Anne Wilbur
    Section Image
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Map

Source: MLSListings

MLS Number: ML81965116

MLSListings

APN: 071-312-080

California San Mateo County Menlo Park 94025 Downtown Menlo Park

837 Roble Ave, Menlo Park, CA

Not Listed for Sale

MultiFamily

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