Check Availability

530 Morey Drive

530 Morey Drive, Menlo Park, CA 94025
Sold Jun 11, 2021
$2,880,000
$1,455,000 by Wells Fargo Bank Na
Mortgage Due Feb 01, 2037
530 Morey Drive has been categorized by the local assessors in Menlo Park, CA as a residential type of property. The building on the property was first built in 1945 and is 79 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 530 Morey Drive has 1,370 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 970 ft and across the front of the lot is 530 ft. The area measurement of the land has been determined as 5,141 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 250 sqft. According to our sources, there is one available parking space. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. The property was last sold in Jun 7, 2021 for $2,880,000. That's $2,102.19 per sqft. 530 Morey Drive was last assessed in 2022. The total value of the property was assessed at $2,937,600. Specifically, the land the property is located on was valued at $2,448,000. While improvements on the property were assessed at a total of $489,600. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $34,624. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 250
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,141
  • Lot Size Depth Feet: 970
  • Lot Size Frontage Feet: 530
  • Total Building Area: 1,370
  • Gross Building Area: 1,370
  • Building Area: 1,370
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,370
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MOREY TRACT
  • Land Acres: 0.118
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 13 MOREY TRACT

Ownership

  • Current Owner : XIE JAMES JUNNING
  • Current Owner 2: XIE MARY ADELAIDE
  • Previous Owner : PASQUA JOSEPH
  • Previous Owner 2: KENNEY MARY KATHRYN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Sequoia Union High School District
  • Census Tract: 612600

Zoning

  • Zoning: R10008

Geography

  • Assessors Map Reference: 37-E6
  • Parcel: 071-323-130
  • Lot: 13
  • Latitude: 37.449
  • Longitude: -122.179

    Address

  • Full Address: 530 Morey Dr
  • Address - House Number: 530
  • Address - Street Name: Morey
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Menlo Park
  • Carrier Code: C067
  • 4-Digit Zip Code: 5123
  • Zip Code: 94025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $34,624
  • Tax Rate Code Area: 08-001

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 70
  • Final Value: 3,005,850
  • High Value: 3,658,917
  • Low Value: 2,352,784

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,455,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jan 14, 2022
  • First Open Lien Mortgage Loan Amount: $1,455,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2037

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,937,600
  • Assessed Land Value: $2,448,000
  • Assessed Improvements Value: $489,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 07, 2021
  • Current Sale Recording Date: Jun 11, 2021
  • Current Sale Transaction ID: 11840615243
  • Current Sale Price: $2,880,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-090116

    Last Sale Mortgage

  • First Mortgage Lender: FLAGSTAR BANK FSB
  • First Mortgage Transaction Date: Jun 11, 2021
  • First Mortgage Loan Amount: $1,510,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2036

About Downtown Menlo Park



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 2068 Oakwood Dr, EAST PALO ALTO, CA, 94303

$3,700 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,850 ft²
2068 Oakwood Dr, EAST PALO ALTO, CA, 94303 Listing by Mariana Pappalardo

Frequently Asked Questions

What neighborhood is 530 Morey Drive located in?
The 530 Morey Drive is a located in the neighborhood of Downtown Menlo Park in Downtown Menlo Park, Menlo Park.
What is the average sales price for listings in 530 Morey Drive?
The average sales price for units in 530 Morey Drive is $0 currently.

Nearby Counties
Quantcast