tomo logo

$5,500,000

Beds
4
Baths
3.0
sq ft
2,845

961 Berkeley Ave, Menlo Park, CA 94025

961 Berkeley Ave

Menlo Park, CA 94025

  • 3 days on market
    • Open house Sep 21
Rarely does a Menlo Park property offer the possibility of a family compound combined with a whole-home renovation. Tucked-away on more than one-half acre gem in sought-after Menlo Oaks, the property features two electronic gated entrances, one leading to the main home and one to the carriage house apartment and guest house. Extensive renovations include new paint, flooring, lighting, bathrooms, and appliances. The one-level main home has 4 bedrooms and 3 baths, while the accessory structures present opportunities for extended family, rental income, and/or remote office needs. Inside, vaulted ceilings, wood floors, and recessed lighting create a bright and stylish ambiance. The public rooms offer versatile living and dining options, and the kitchen has all new stainless-steel appliances. Beautifully landscaped grounds tie it all together. This prime location offers easy access to downtown Menlo Park, Palo Alto, and excellent Menlo Park schools.

Details

Property type

Single Family Residence

Est. home value

$7,184,151

Lot size

0.546 acres

Price per sq ft

$1,934

Year built

1932

Price History

09/16/2024
BridgeMLS

BridgeMLS #ML81980463

Listed
$5,500,000

Schools & Community

Neighborhood: 

Menlo Oaks

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Sequoia Union High

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Karen Demuth Survivors Trust

Loan start date

January 2024

Original loan amount

$1,875,000

Est. remaining balance

Not provided

Interest rate

6.95%

Loan type

Purchase Money Mortgage

Seller

Anne Cover and William L Cover Jr And Anne Cover Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/19/2024 at 9:55 AM

Listing updated: 09/16/2024 at 7:32 PM

Listed by: Carol,nicole & James, Compass Phone #: (650) 740-7954

MLS: BridgeMLS #ML81980463

BridgeMLS logo

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