Neighborhood
945 Millie Ave, Menlo Park, CA 94025
3 beds · 2 baths · 1,930 sq ft · Lot: 6,102 sq ft · Single Family Home · Last Sold: $1.1M in 2004 · Built: 1936
Est. Value:
$3.07M
Est. Rent:
$5.4K/month

945 Millie Ave Menlo Park, CA 94025

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3 beds · 2 baths · 1,930 sq ft · Lot Size: 6,102 sq ft · Single Family Home · Central Menlo
Est. Property Value: $3,066,544

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945 Millie Ave is in the Central Menlo neighborhood of Menlo Park, CA. It is located in San Mateo County and ZIP code 94025. This Single Family Home was built in 1936 and is approximately 89 years old. The single family home spans 1930 sq ft with 3 bedrooms and 2 bathrooms and sits on a 6102 sq ft lot. According to public records, it was last sold in 2004 for $1,102,000 and has a tax-assessed value of $3,674,160, which is $1,589 per sq ft. The Central Menlo area of Menlo Park has 3 residential homes with an average size of 3270 sq ft. Analyze and compare real estate investment strategies for properties like this home at 945 Millie Ave Menlo Park, CA 94025 with Property Intel by Whitepages.

Investment Potential for 945 Millie Ave

The property has a current estimated value of $3,066,544, which is 45% below the neighborhood median, based on public records. It last sold on September 14, 2004 for $1.1M. Projected long-term
is $64,800 annually ($5,400 per month) with a 92% occupancy rate.

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Long-Term

Gross Rental
$64,800 per year($5,400 per month)
Net Operating Income
Cap Rate
Occupancy Rate
92%in 94025 zip code
 
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Owners & Occupancy for 945 Millie Ave

This property is owned by Kirsten Elisabeth Meyer. Owner contact information includes 4 phone numbers.

Property Owners

Residence**************
Landline(262) 781-7145
Distance from Property**********
OccupationSenior Vice President Business Development & Marketing, Personalis, Inc.
Cell Phone(650) ***-****View Cell Phone
Residence**************
Landline(650) 551-0392
Distance from Property**********
Email Address*********@yahoo.comView Email

Property Ownership Information

Purchase DateSeptember 14, 2004
Property Tax Amount$19,328 in 2024
Purchase Price$1,102,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1*********************** age 55
Resident 2****************** age 56

Property Details for 945 Millie Ave

Property Details

Property Sq Ft

Living Area

1,930 sq ft

41% below market

Lot Size

6,102 sq ft

86% below market

Price Per Sq Ft

Living Area

$1,589 / sq ft

0% above market

Lot Size Area

$503 / sq ft

290% above market

Property condition, age, exterior, etc. for 945 Millie…
Longitude: -122.188171 Latitude: 37.450042 Parcel Number (APN): 071-084-040…
Mortgage originated on through lender: Chase Manhattan Mtg for$******View Mortgage Details
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Recommended Properties in Central Menlo

Discover more single family homes near 945 Millie Ave in Menlo Park, California. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 945 Millie Ave in San Mateo County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$3,066,544
$634,389
$2,432,154 (383%)
$773,250
$3,206,566 (415%)
YoY Price Change
1.38%
-492%
Year Built
1936
1971
-35 years
Living Space
1,930 sq ft
1,519 sq ft
411 (27%)
$ Per Living Sq Ft
$1,589
$424
$1,165 (275%)
Lot Size
6,102 sq ft
7,020 sq ft
-918 (-13%)
$ Per Lot Sq Ft
$503
$92
$411 (447%)

Net Operating Income
$27,214
-$12,508 (-46%)
Annual Revenue
$64,800
$44,400
$20,400 (46%)
$14,177
$35,917 (253%)
Net Operating Income
$27,214
-$12,508 (-46%)
Cap Rate
4.23%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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