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541 Grace Drive

541 Grace Drive, Menlo Park, CA 94025
Sold May 27, 2009
$1,750,000
$530,000 by Optimum First Inc
Mortgage Due Mar 01, 2036
541 Grace Drive in Menlo Park, CA was first built in 1950 and is 74 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 8 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 541 Grace Drive has 1,900 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 1,080 ft and the linear feet between the front and back of the lot is 970. In total, the area measurement of the land is 10,476 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 420 sqft. There are a total of 2 available parking spaces. 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. The property was last sold in May 20, 2009 for $1,750,000. That's $921.05 per sqft. 541 Grace Drive was last assessed in 2022. The total value of the property was assessed at $2,123,597. Specifically, the land the property is located on was valued at $2,002,255. While improvements on the property were assessed at a total of $121,342. 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 $25,720. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 420
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,476
  • Lot Size Depth Feet: 970
  • Lot Size Frontage Feet: 1,080
  • Total Building Area: 1,900
  • Gross Building Area: 1,900
  • Building Area: 1,900
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,900
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CITY OF MENLO PARK
  • Land Acres: 0.241
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 1 YALE TRACT RSM 30/18 CITY OF MENLO PARK

Ownership

  • Current Owner : GADRE MILIND
  • Current Owner 2: GADRE AMBIKA
  • Previous Owner : ALLEN ELLEN L
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Sequoia Union High School District
  • Census Tract: 612800

Zoning

  • Zoning: R10010

Geography

  • Assessors Map Reference: 43-D2
  • Parcel: 071-180-260
  • Lot: 1
  • Latitude: 37.4345
  • Longitude: -122.191

    Address

  • Full Address: 541 Grace Dr
  • Address - House Number: 541
  • Address - Street Name: Grace
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Menlo Park
  • Carrier Code: C069
  • 4-Digit Zip Code: 5724
  • Zip Code: 94025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $25,720
  • Tax Rate Code Area: 08-001

    Appraisal Valuation

  • Standard Deviation: 0.2172
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 70
  • Final Value: 3,912,741
  • High Value: 4,762,843
  • Low Value: 3,062,639

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $530,000
  • First Open Lien Mortgage Lender: OPTIMUM FIRST INC
  • First Open Lien Mortgage Recording Date: Feb 23, 2021
  • First Open Lien Mortgage Loan Amount: $530,000
  • 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: Mar 01, 2036

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,123,597
  • Assessed Land Value: $2,002,255
  • Assessed Improvements Value: $121,342

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 20, 2009
  • Current Sale Recording Date: May 27, 2009
  • Current Sale Transaction ID: 1069594546
  • Current Sale Price: $1,750,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2009-067349

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: May 27, 2009
  • First Mortgage Loan Amount: $729,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jun 01, 2039
  • Second Mortgage Lender: WELLS FARGO BANK NA
  • Second Mortgage Transaction Date: May 27, 2009
  • Second Mortgage Loan Amount: $270,000
  • Second Mortgage Terms: 480
  • Second Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Second Mortgage Loan Due Date: Jun 26, 2049

About Central Menlo Park



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Frequently Asked Questions

What neighborhood is 541 Grace Drive located in?
The 541 Grace Drive 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 541 Grace Drive?
The average sales price for units in 541 Grace Drive is $0 currently.

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