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1151 Hobart Street

1151 Hobart Street, Menlo Park, CA 94025
Sold Aug 31, 2012
$2,750,000
$2,000,000 by First Republic Bank
Mortgage Due Sep 01, 2042
Sold May 30, 2002
$2,250,000
$1,500,000 by Washington Mutual Bank Fa
Mortgage Due Jun 01, 2032
Local assessors in Menlo Park, CA have categorized 1151 Hobart Street as a residential type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 10,100 square feet. The linear feet between the front and back of the lot was measured at 1,010 ft and the front of the lot was measured at 1,000 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1151 Hobart Street has a total of 2,490 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 650 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1151 Hobart Street sold most recently in Aug 23, 2012 for a total of $2,750,000. If you work out the math, that's approximately a cost of $1,104.42 per sqft. Before that, the property was also sold for $2,250,000 in May 24, 2002. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $37,444 in taxes each year. 1151 Hobart Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $3,191,096. If we break it down further, the land itself was valued at $2,703,733. Improvements to the property, however, were assessed at a total of $487,363. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 650
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,100
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,490
  • Gross Building Area: 2,490
  • Building Area: 2,490
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,490
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CITY OF MENLO PARK
  • Land Acres: 0.232
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 10 BLOCK 3 HILLVIEW MANOR RSM 31/6 CITY OF MENLO PARK

Ownership

  • Current Owner : IZADINIA MANSOUR
  • Previous Owner : RAAB MICHAEL G
  • Previous Owner 2: RAAB ELIZABETH L
  • Owner Before Previous Owner: SMITHERS SCOTT L
  • Owner Before Previous Owner 2: SMITHERS DARIA L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sequoia Union High School District
  • Census Tract: 612700

Zoning

  • Zoning: R10010

Geography

  • Assessors Map Reference: 43-C1
  • Parcel: 071-042-100
  • Block: 3
  • Lot: 10
  • Latitude: 37.442
  • Longitude: -122.195

    Address

  • Full Address: 1151 Hobart St
  • Address - House Number: 1151
  • Address - Street Name: Hobart
  • Address - Suffix Type: St
  • State: CA
  • City Name: Menlo Park
  • Carrier Code: C075
  • 4-Digit Zip Code: 5514
  • Zip Code: 94025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $37,444
  • Tax Rate Code Area: 08-001

    Appraisal Valuation

  • Standard Deviation: 0.2216
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 69
  • Final Value: 4,392,797
  • High Value: 5,366,524
  • Low Value: 3,419,070

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Aug 31, 2012
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2042

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,191,096
  • Assessed Land Value: $2,703,733
  • Assessed Improvements Value: $487,363

    Sales

  • Current Sale Contract Date: Aug 23, 2012
  • Current Sale Recording Date: Aug 31, 2012
  • Current Sale Transaction ID: 1052761536
  • Current Sale Price: $2,750,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2012-124569
  • Previous Sale Recording Date: May 30, 2002
  • Previous Sale Contract Date: May 24, 2002
  • Previous Sale Amount: $2,250,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Aug 31, 2012
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: May 30, 2002
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $1,500,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jun 01, 2032

About Central Menlo Park



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Frequently Asked Questions

What neighborhood is 1151 Hobart Street located in?
The 1151 Hobart Street is a located in the neighborhood of Central Menlo Park in Central Menlo Park, Menlo Park.
What is the average sales price for listings in 1151 Hobart Street?
The average sales price for units in 1151 Hobart Street is $0 currently.

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