Check Availability

624 Olive Street

624 Olive Street, Menlo Park, CA 94025
Sold Nov 08, 2017
$5,250,000
$3,412,500 by Silicon Valley Bank
Mortgage Due Oct 01, 2049
Sold Aug 06, 2015
$2,650,000
624 Olive Street 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 2017 and is 7 years old. The home has a total of 11 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 624 Olive Street has 3,301 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 1,530 ft and across the front of the lot is 700 ft. The area measurement of the land has been determined as 10,710 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 441 sqft. According to our sources, there are a total of 2 available parking spaces. 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 Aug 29, 2017 for $5,250,000. That's $1,590.43 per sqft. Prior to that sales transaction, the property was also sold in Jul 30, 2015 for $2,650,000. 624 Olive Street was last assessed in 2022. The total value of the property was assessed at $5,822,858. Specifically, the land the property is located on was valued at $2,814,529. While improvements on the property were assessed at a total of $3,008,329. 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 $65,883. 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. 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: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 441
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,710
  • Lot Size Depth Feet: 1,530
  • Lot Size Frontage Feet: 700
  • Total Building Area: 3,301
  • Gross Building Area: 3,301
  • Building Area: 3,301
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,301
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MENLO PARK TERRACE
  • Land Acres: 0.246
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 22 BLOCK 2 MENLO PARK TERRACE

Ownership

  • Current Owner : GARTON JACKSON JACOB
  • Current Owner 2: FINCH KELLEY JAMISON
  • Previous Owner : KARLIN BARRY K
  • Previous Owner 2: KARLIN SALLY M
  • Owner Before Previous Owner: HJELM PATRICIA CELINE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • 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: 071-231-230
  • Block: 2
  • Lot: 22
  • Latitude: 37.4385
  • Longitude: -122.19

    Address

  • Full Address: 624 Olive St
  • Address - House Number: 624
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: CA
  • City Name: Menlo Park
  • Carrier Code: C069
  • 4-Digit Zip Code: 5745
  • Zip Code: 94025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $65,883
  • Tax Rate Code Area: 08-001

    Appraisal Valuation

  • Standard Deviation: 0.222
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 69
  • Final Value: 5,534,370
  • High Value: 6,763,406
  • Low Value: 4,305,334

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,412,500
  • First Open Lien Mortgage Lender: SILICON VALLEY BANK
  • First Open Lien Mortgage Recording Date: Sep 30, 2019
  • First Open Lien Mortgage Loan Amount: $3,412,500
  • 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: Oct 01, 2049

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,822,858
  • Assessed Land Value: $2,814,529
  • Assessed Improvements Value: $3,008,329

    Sales

  • Current Sale Contract Date: Aug 29, 2017
  • Current Sale Recording Date: Nov 08, 2017
  • Current Sale Transaction ID: 11295940142
  • Current Sale Price: $5,250,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2017-099300
  • Previous Sale Recording Date: Aug 06, 2015
  • Previous Sale Contract Date: Jul 30, 2015
  • Previous Sale Amount: $2,650,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: SILICON VALLEY BANK
  • First Mortgage Transaction Date: Nov 08, 2017
  • First Mortgage Loan Amount: $3,412,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Dec 01, 2047

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Central Menlo Park



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 98 Maple Ave, ATHERTON, CA, 94027

$7,500 /mo

  • 2 Beds
  • 1,194 ft²
98 Maple Ave, ATHERTON, CA, 94027 Listing by The Anh Hang

Frequently Asked Questions

What neighborhood is 624 Olive Street located in?
The 624 Olive 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 624 Olive Street?
The average sales price for units in 624 Olive Street is $0 currently.

Nearby Counties
Quantcast