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2071 Oakley Avenue

2071 Oakley Avenue, Menlo Park, CA 94025
Sold Oct 16, 2023
$2,380,000
$2,200,000 by Insignia Capital Corporation
Mortgage Due Jun 09, 2025
2071 Oakley Avenue in Menlo Park, CA was first built in 1955 and is 69 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2071 Oakley Avenue has 2,470 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 500 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 6,000 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 1,000 sqft. There are a total of 4 available parking spaces. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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, 2071 Oakley Avenue was last sold in Oct 3, 2023 for $2,380,000. According to our calculations, that's $963.56 per sqft. Current property owners are expected to pay $4,096 in taxes per year. The property on 2071 Oakley Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $259,648. To break that down further, the land itself was valued at $27,670. While improvements to the property were assessed at a total of $231,978. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 1,000
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,470
  • Gross Building Area: 2,470
  • Building Area: 2,470
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,470
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY HEIGHTS
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 26 BLOCK 9 UNIVERSITY HEIGHTS RSM 1/96

Ownership

  • Current Owner : MAXWEALTH INVESTMENTS LLC
  • Current Owner 2: PARK AVENUE INVESTMENTS INC
  • Previous Owner : WRIGHT FAMILY TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Sequoia Union High School District
  • Census Tract: 612900

Zoning

  • Zoning: R10006

Geography

  • Assessors Map Reference: 43-C2
  • Parcel: 074-065-100
  • Block: 9
  • Lot: 26
  • Latitude: 37.4334
  • Longitude: -122.204

    Address

  • Full Address: 2071 Oakley Ave
  • Address - House Number: 2071
  • Address - Street Name: Oakley
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Menlo Park
  • Carrier Code: C089
  • 4-Digit Zip Code: 6049
  • Zip Code: 94025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,096
  • Tax Rate Code Area: 61-032

    Appraisal Valuation

  • Standard Deviation: 0.2242
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 69
  • Final Value: 3,394,001
  • High Value: 4,155,270
  • Low Value: 2,632,731

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,200,000
  • First Open Lien Mortgage Lender: INSIGNIA CAPITAL CORPORATION
  • First Open Lien Mortgage Recording Date: Oct 16, 2023
  • First Open Lien Mortgage Loan Amount: $2,200,000
  • First Open Lien Mortgage Term: 19
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jun 09, 2025

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $259,648
  • Assessed Land Value: $27,670
  • Assessed Improvements Value: $231,978

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 03, 2023
  • Current Sale Recording Date: Oct 16, 2023
  • Current Sale Transaction ID: 11915299679
  • Current Sale Price: $2,380,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 52087

    Last Sale Mortgage

  • First Mortgage Lender: INSIGNIA CAPITAL CORPORATION
  • First Mortgage Transaction Date: Oct 16, 2023
  • First Mortgage Loan Amount: $2,200,000
  • First Mortgage Terms: 19
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jun 09, 2025

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Frequently Asked Questions

What neighborhood is 2071 Oakley Avenue located in?
The 2071 Oakley Avenue is a located in the neighborhood of University Heights in University Heights, Menlo Park.
What is the average sales price for listings in 2071 Oakley Avenue?
The average sales price for units in 2071 Oakley Avenue is $0 currently.

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