NOT LISTED FOR SALE

839 Roble Ave Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $3,205,000 - $4,405,000

8 Beds
4 Baths
4,248 Sq Ft
$941/Sq Ft Est. Value

Last Sold September 07, 2012

Last sale price $1,750,000 $412 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $23,454/month

138 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Level Lot
  • Encinal Elementary School Rated A
  • Laundry Facilities
  • 1-minute walk to Nealon Park

About This Home

As of September 2012

Great locations within walking distance to downtown Menlo Park or go through the back gate to Little House SR CTR. and Nealon Park. Great for investor looking for prime location or a place for a family member to live. Price reflects that property needs TLC

Last Agent to Sell the Property

Joe Rodden

Berkshire Hathaway HomeServices DrysdaleProperties License #00526637 Listed on: 02/23/2012

Berkshire Hathaway HomeServices DrysdaleProperties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,439

Year Built

  • 1954

Lot Details

  • Level Lot
  • Flag Lot

Parking

  • Carport

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Neighborhood Views
  • Disposal

Listing and Financial Details

  • Total Actual Rent $77,220
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, water

Community Details

Building Details

  • Gardener Expense $1,100
  • Insurance Expense $2,282
  • Maintenance Expense $867
  • Manager Expense $2,777
  • Other Expense $1,800
  • Utility Expense $732
  • Trash Expense $1,771
  • Operating Expense $17,619
  • Gross Income $73,359

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,439

Year Built

1954

Lot Details

0

Listing Details

  • Zoning: R300
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Kitchen: Garbage Disposal, Varies By Unit, Refrigerator
  • Laundry: Washer/Dryer - Owned, Community Facility
  • Flooring: Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Carport, Spaces Per Unit - 1

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Lot Info

  • Lot Description: Flag Lot, Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7866.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7866.00
  • Lot Size Area Min Search: 7866.00
  • Maximum Lot Size: 7866.00

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 19.43
  • Min Rent2 Bed1 Bath: 1450

Multi Family

  • Expense Insurance: 2282
  • Expense Landscape: 1100
  • Expense Maintenance: 867
  • Expense Management: 2777
  • Expenses Other: 1800
  • Expenses Total: 17619
  • Expenses Utility: 732
  • Expense Trash: 1771
  • Expense Water Sewer: 810
  • Income Annual Gross: 73359.00
  • Income Annual Rental: 77220
  • Income Gross Scheduled: 77220
  • Income Includes: Lease
  • Maximum Rent2 Bed1 Bath: 1795
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric
  • Vacancy Amount: 3861
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2012
Closed on
Sep 6, 2012
Sold by
Filho Paulo Pinto De Carvalho and De Carvalho Eduardo Sampaio Vidal
Bought by
Phoeng Foundation
Seller's Agent
Joe Rodden
Berkshire Hathaway HomeServices DrysdaleProperties
List Price
$1,500,000
Sold Price
$1,750,000
Premium/Discount to List
$250,000
16.67%
Current Estimated Value
$3,996,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,246,131
Avg. Annual Appreciation
6.49%

Purchase Details

Closed on
Dec 20, 2010
Sold by
Yelland Janet S
Bought by
Filho Paulo Pinto Decarvalho and Decarvalho Eduardo Sampajo
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
Phoeng Foundation $1,750,000 Fidelity National Title Co
Filho Paulo Pinto Decarvalho -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2012 09/07/12 Sold $1,750,000 +16.7% $412 / Sq Ft
07/10/2012 07/10/12 Pending -- -- --
02/23/2012 02/23/12 For Sale $1,500,000 -- $353 / 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 $30,439 $2,154,990 $1,077,495 $1,077,495
2023 $30,439 $2,071,310 $1,035,655 $1,035,655
2022 $28,781 $2,030,698 $1,015,349 $1,015,349
2021 $28,145 $1,990,882 $995,441 $995,441
2020 $27,902 $1,970,468 $985,234 $985,234
2019 $27,424 $1,931,832 $965,916 $965,916
2018 $26,672 $1,893,954 $946,977 $946,977
2017 $26,145 $1,856,818 $928,409 $928,409
2016 $25,385 $1,820,410 $910,205 $910,205
2015 $24,990 $1,793,066 $896,533 $896,533
2014 $24,366 $1,757,944 $878,972 $878,972
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Joe Rodden

    Berkshire Hathaway HomeServices DrysdaleProperties

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Map

Source: MLSListings

MLS Number: ML81207081

MLSListings

APN: 071-312-190

California San Mateo County Menlo Park 94025 Downtown Menlo Park

839 Roble Ave, Menlo Park, CA

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