NOT LISTED FOR SALE

85 Leon Way Atherton, CA 94027

Estimated Value: $4,985,220 - $6,207,000

0.71 Acre
$7,861,032 Price per Acre
31,015 Sq Ft Lot

Last Sold December 20, 2016

Last sale price $3,698,000 $1,736 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $34,480/month

27 Days on Market

About This Lot

As of December 2016

A wide semi circular driveway leads you to this classic ranch home ready for a remodel/expansion or rebuild situated in prestigios West Atherton. 3 blocks from downtown Menlo Park and in close proximity to Stanford, Palo Alto downtown and Facebook. Top rated Menlo Park Schools ( buyer to verify) Per the town of Atherton the maximum floor area ratio of this property is 5,782 square feet plus basement in addition ( buyer to verify).

Last Agent to Sell the Property

Renuka Chainani

Intero Real Estate Services License #01783141 Listed on: 09/30/2016

Intero Real Estate Services

Last Buyer's Agent

Liz Daschbach

Compass License #00969220

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $55,919

Lot Details

  • 0.71 Acre Lot

Property Details

Property Type

Land

Est. Annual Taxes

$55,919

Lot Details

0

Listing Details

  • Zoning: R1001A
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Present Use: Residential
  • Development Status: Build To Suit
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.7120
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 31019.08
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 31019.08
  • Parcel Access: City Street

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2016
Closed on
Dec 15, 2016
Sold by
Berg Rosmarie M and Berg Bettina Ida
Bought by
Middlefield Investment Group Llc
Seller's Agent
Renuka Chainani
Intero Real Estate Services
Buyer's Agent
Liz Daschbach
Compass
List Price
$3,998,000
Sold Price
$3,698,000
Premium/Discount to List
-$300,000
-7.5%
Current Estimated Value
$5,597,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,899,055
Avg. Annual Appreciation
4.98%
Original Mortgage
$2,000,000
Outstanding Balance
$1,625,909
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$4,029,368

Purchase Details

Closed on
Oct 29, 2009
Sold by
Berg Rosmarie M and Berg Bettina Ida
Bought by
Berg Rosmarie M and Berg Bettina Ida

Purchase Details

Closed on
Oct 19, 2005
Sold by
Berg David N and Berg Rosmarie M
Bought by
Berg David N and Berg Rosmarie M
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
Middlefield Investment Group Llc $3,698,000 Chicago Title Company
Berg Rosmarie M -- None Available
Berg David N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Middlefield Investment Group Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2016 12/20/16 Sold $3,698,000 0.0% $1,736 / Sq Ft
12/20/2016 12/20/16 Sold $3,698,000 0.0% $1,736 / Sq Ft
10/28/2016 10/28/16 Pending -- -- --
10/28/2016 10/28/16 Pending -- -- --
10/22/2016 10/22/16 Price Changed $3,698,000 -7.5% $1,736 / Sq Ft
09/30/2016 09/30/16 For Sale $3,998,000 0.0% $1,877 / Sq Ft
09/05/2016 09/05/16 For Sale $3,998,000 -- $1,877 / 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 $55,919 $4,991,603 $4,233,814 $757,789
2023 $55,919 $4,797,777 $4,069,411 $728,366
2022 $53,533 $4,703,704 $3,989,619 $714,085
2021 $52,557 $4,611,476 $3,911,392 $700,084
2020 $52,124 $4,564,192 $3,871,286 $692,906
2019 $51,505 $4,474,699 $3,795,379 $679,320
2018 $48,429 $4,220,960 $3,720,960 $500,000
2017 $43,632 $3,698,000 $3,648,000 $50,000
2016 $4,755 $188,856 $78,275 $110,581
2015 $4,659 $186,020 $77,100 $108,920
2014 $4,523 $182,377 $75,590 $106,787
Source: Public Records

Agents Affiliated with this Home

  • Renuka Chainani

    Seller's Agent in 2016

    Renuka Chainani

    Intero Real Estate Services

    (650) 430-0011

    24 Total Sales

    Renuka Chainani
    Section Image

  • L

    Buyer's Agent in 2016

    Liz Daschbach

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81626674

MLSListings

APN: 070-371-060

California San Mateo County Atherton 94027

85 Leon Way, Atherton, CA

This home is located at 85 Leon Way, Atherton, CA 94027 since 30 September 2016 and is currently estimated at $5,597,055, approximately $2,627 per square foot. 85 Leon Way 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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