News


Home sales

Prices swing from $475,000 to $6.5 million

Home sales are provided by California REsource, a real estate information company that obtains the information from the County Recorder's Office. Information is recorded from the deeds after the close of escrow and published within four to six weeks.

Los Altos

1210 Fremont Avenue Swartz Trust to Fremont Avenue Limited for $2,750,000 on 02/06/18; built 1950, 3bd, 2,038 sq.ft.

901 Loyola Drive Dutchints Development to V. Tashjian for $4,725,000 on 02/01/18; built 2017, 5bd, 4,565 sq.ft.; previous sale 08/24/2017, $3,900,000

181 Lyell Street Claycomb Trust to Elevation Homes for $2,720,000 on 02/01/18; built 1948, 2bd, 1,182 sq.ft.

852 Parma Way B. & Y. Binesh to R. Nabiev for $3,500,000.00 on 02/02/18; built 1948, 3bd, 2,032 sq.ft.; previous sale 04/28/1989, $660,000

120 Sioux Lane Gilley Trust to Boxi USA for $5,600,000 on 02/02/18; built 2014, 5bd, 4,760 sq.ft.

991 St. Joseph Court Y. He to N. Xie for $3,700,000 on 02/05/18; built 1955, 5bd, 3,276 sq.ft.; previous sale 07/06/2017, $3,330,000

Los Altos Hills

12661 Robleda Road W. Li to L. Huang for $6,500,000 on 01/31/18; built 2005, 5bd, 8,610 sq.ft.; previous sale 08/08/2014, $6,300,000

Menlo Park

1102 Henderson Avenue Weyhe Trust to Stonefly Investors for $1,734,000 on 01/19/18; built 1957, 7bd, 3,678 sq.ft.; previous sale 11/19/1980, $239,000

Mountain View

505 Cypress Point Drive #71 Wodell Trust to M. & P. Gupta for $590,000 on 02/01/18; built 1971, 1bd, 662 sq.ft.

282 Leslie Court #A Heldebrant Trust to M. Yang for $1,890,000 on 02/02/18; built 1980, 2bd, 1,738 sq.ft.; previous sale 10/10/1989, $305,000

879 Linda Vista Avenue J. Africa to Itzkhoa Investment for $1,462,500.00 on 01/31/18; built 1962, 3bd, 1,080 sq.ft.

133 Sonoma Terrace MV Viewpoint 2013 to Zhu Trust for $1,265,000 on 02/02/18; built 2016, 2bd, 1,328 sq.ft.

435 Victory Avenue B. Faith to Midland Eagle for $1,861,000 on 02/05/18; built 1958, 3bd, 1,140 sq.ft.; previous sale 03/31/1983, $132,000

1874 Villa Street R. & E. Callejo to Chong Hwa Saint Tao Yuan for $2,520,000 on 02/01/18; built 1952, 6bd, 2,319 sq.ft.

1101 West El Camino Real #207 El Camino Real Limited to S. Simmons for $820,000 on 01/31/18; built 2017, 1bd, 845 sq.ft.

1101 West El Camino Real #217 El Camino Real Limited to L. Hsu for $805,000 on 01/31/18; built 2017, 1bd, 820 sq.ft.

1101 West El Camino Real #308 El Camino Real Limited to Gong Trust for $1,630,000 on 02/06/18; built 2017, 3bd, 1,693 sq.ft.

1101 West El Camino Real #415 El Camino Real Limited to V. Kaul for $1,220,000 on 02/06/18; built 2017, 2bd, 1,199 sq.ft.

Palo Alto

2375 Byron Street D. Kervinen to S. Lin for $3,825,000 on 02/02/18; built 1938, 3bd, 1,803 sq.ft.; previous sale 07/17/1973, $48,700

280 Colorado Avenue Coupal Trust to M. Zhu for $4,688,000 on 02/05/18; built 1940, 5bd, 2,998 sq.ft.; previous sale 05/24/1995, $200,000

975 El Cajon Way Hu Trust to Y. Zhang for $2,820,000 on 02/01/18; built 1955, 4bd, 1,639 sq.ft.

518 Everett Avenue #F Neely Trust to Winthrop 168 for $1,630,000 on 02/01/18; built 1962, 2bd, 1,056 sq.ft.

432 Spruce Lane Chi Trust to Liu Trust for $2,670,000 on 01/31/18; built 2007, 3bd, 2,873 sq.ft.; previous sale 09/05/2007, $1,519,000

Stanford

39 Pearce Mitchell Place Stanford University to K. Humphreys for $475,000 on 02/01/18; built 1975, 2bd, 1,100 sq.ft.; previous sale 04/23/1976, $47,200

Woodside

29 Eugenia Lane Sage Capital Management to L. Donnelly for $4,450,000 on 01/18/18; built 1956, 3bd, 3,440 sq.ft.; previous sale 02/25/1976, $155,000

Los Altos

Total sales reported: 6

Lowest sales price: $2,720,000

Highest sales price: $5,600,000

Average sales price: $3,832,500

Los Altos Hills

Total sales reported: 1

Sales price: $6,500,000

Menlo Park

Total sales reported: 1

Sales price: $1,734,000

Mountain View

Total sales reported: 10

Lowest sales price: $590,000

Highest sales price: $2,520,000

Average sales price: $1,406,350

Palo Alto

Total sales reported: 5

Lowest sales price: $1,630,000

Highest sales price: $4,688,000

Average sales price: $3,126,600

Stanford

Total sales reported: 1

Sales price: $475,000

Woodside

Total sales reported: 1

Sales price: $4,450,000

Comments

12 people like this
Posted by Peninsulanomics
a resident of Menlo Park: other
on Feb 24, 2018 at 6:44 pm

Wow, that one Menlo Park listing is a doozy:

1102 Henderson Avenue
$239,000 in 1980
$1,734,000 in 2018

What is that, over 600% appreciation for something that also provided shelter for 38 years? I don't begrudge whoever sold it-- I'd have done the same if I was in their shoes, but that indicates how screwy the whole housing market is!

Also, $1.7M in a traditional mortgage scenario would require a $346,800 down payment and monthly principal/interest/taxes/insurance costs of $8,565. You basically have to be earning over $300,000 a year to make that work! So just remember that when someone tells you that Belle Haven isn't as stratified as the rest of Menlo Park.


Like this comment
Posted by Brian
a resident of Menlo Park: The Willows
on Feb 25, 2018 at 7:50 pm

Not that big of a doosy, there are a lot of examples of houses being bought for less in the 80's and going for a lot more now. As for the payments I ready a while back that most of the more expensive houses that get sold (1.5 million+) are actually bought for case and not financed. It makes sense with stock options in this area. You rent on salary and buy on stock...


2 people like this
Posted by R. Richard
a resident of Menlo Park: other
on Feb 28, 2018 at 7:06 pm

2375 Byron Street in PA is also pretty crazy- $48,700 in 1973, now $3,825,000! Good for D. Kervinen (or his/her heirs), I guess, but no way is that a good sign for society. Just remember that when someone's complaining about "developer greed" - EVERYONE is trying to maximize their share of our self-inflicted supply gap.


1 person likes this
Posted by Menlo Voter.
a resident of Menlo Park: other
on Feb 28, 2018 at 8:11 pm

Menlo Voter. is a registered user.

It's called supply and demand. The supply in 1973 was greater than demand, not to mention the value of a dollar in 1973 was far higher than today. Nothing wrong with this.


Like this comment
Posted by R. Richard
a resident of Menlo Park: other
on Mar 1, 2018 at 8:49 am

"Nothing wrong with this." -Menlo Voter

Inspirational words, from someone who presumably already has housing! Maybe try to put yourself in the shoes of someone younger, just starting out, though.


Like this comment
Posted by Menlo Voter.
a resident of Menlo Park: other
on Mar 1, 2018 at 10:39 am

Menlo Voter. is a registered user.

R. Richard:

It wasn't any different when I was young and starting out. The cost of housing was lower, but so was my income. Getting into a home when you're first starting out has always been difficult in this area. It's supply and demand. Unless we are going to become some socialist utopia, supply and demand will always dictate home values.


Sorry, but further commenting on this topic has been closed.

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