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114 Monroe Drive

114 Monroe Drive, Palo Alto, CA 94306
Property in Monroe Park
Sold Mar 05, 2004
$1,436,000
$273,658 by Quicken Loans Llc
Mortgage Due Aug 01, 2031
Sold Nov 21, 2001
Transfer
$822,000 by Dba Bayporte Financial
Mortgage Due Dec 01, 2031
114 Monroe Drive in Palo Alto, CA was first built in 2001 and is 23 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 114 Monroe Drive has 2,978 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,030 ft and the linear feet between the front and back of the lot is 1,010. In total, the area measurement of the land is 10,403 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 434 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 114 Monroe Drive was last sold in Feb 26, 2004 for $1,436,000. According to our calculations, that's $482.20 per sqft. Current property owners are expected to pay $25,628 in taxes per year. The property on 114 Monroe Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,186,554. To break that down further, the land itself was valued at $1,161,590. While improvements to the property were assessed at a total of $1,024,964. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 434
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,403
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 1,030
  • Total Building Area: 2,978
  • Gross Building Area: 1,810
  • Building Area: 2,978
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,978
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MONROE WEST
  • Land Acres: 0.239
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LUK JONATHAN S
  • Current Owner 2: LI LUK LILLY
  • Previous Owner : MIN BYUNG JWA
  • Previous Owner 2: MIN HYUN SOOK
  • Owner Before Previous Owner: VELASQUEZ JOSE
  • Owner Before Previous Owner 2: VELASQUEZ CELINA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Altos Elementary School District
  • Census Tract: 509401

Zoning

  • Zoning: R1B8

Geography

  • Assessors Map Reference: 44-D5
  • Parcel: 148-05-032
  • Municipality: PALO ALTO
  • Latitude: 37.4064
  • Longitude: -122.118

    Address

  • Full Address: 114 Monroe Dr
  • Address - House Number: 114
  • Address - Street Name: Monroe
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C063
  • 4-Digit Zip Code: 4413
  • Zip Code: 94306

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $25,628
  • Tax Rate Code Area: 06-015

    Appraisal Valuation

  • Standard Deviation: 0.1727
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 3,812,199
  • High Value: 4,602,001
  • Low Value: 3,022,397

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $273,658
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Jul 09, 2021
  • First Open Lien Mortgage Loan Amount: $273,658
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2031

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,186,554
  • Assessed Land Value: $1,161,590
  • Assessed Improvements Value: $1,024,964

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 26, 2004
  • Current Sale Recording Date: Mar 05, 2004
  • Current Sale Transaction ID: 1053543976
  • Current Sale Price: $1,436,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17645581
  • Previous Sale Recording Date: Nov 21, 2001
  • Previous Sale Contract Date: Nov 17, 2001
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIMORTGAGE INC
  • First Mortgage Transaction Date: Mar 05, 2004
  • First Mortgage Loan Amount: $1,076,775
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Apr 01, 2034

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: DBA BAYPORTE FINANCIAL
  • Previous Mortgage Transaction Date: Nov 21, 2001
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $822,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Dec 01, 2031

About Monroe Park



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Nearby Rentals

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$4,978 /mo

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1984 West El Camino Real #256, Mountain View, CA, 94040 Listing by Verve

Frequently Asked Questions

What neighborhood is 114 Monroe Drive located in?
The 114 Monroe Drive is a located in the neighborhood of Monroe Park in Monroe Park, Palo Alto.
What is the average sales price for listings in 114 Monroe Drive?
The average sales price for units in 114 Monroe Drive is $0 currently.

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