Don't miss out on this SB9 investment opportunity to split this lot into two parcels and build two homes on each lot. Plans are in process with the City of Menlo Park. This property is located two blocks from Facebook and near to proposed Willow Village development. The demo permits have been approved. 1st round of comments back and being resubmitted 11/20. Once building permits are approved the house will be demo'ed and the lot split can be approved. Will need a HOA and CC&R's. Buyers are encouraged to check with the city for more information.
Property Details
Property Features
Listing Office:
Office Name: Elizabeth Puga, Broker
Office Phone: (408) 529-8513
Listing Agent: Liz Puga
Lot Features
Lot Information:
Lot Size: 0.23 Acres
Other
Directions Information:
Directions: Two blocks from Willow Cross Street: Ivy
Price Information
Listing Price Info
Price Summary:
List Price: $2,500,000
Tax Information:
Annual Amount: $2,425
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Menlo Park, CA.
This property is $206.6K less than the Median Sold Price in Menlo Park, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #ML81986980
Listing Office:
Office Name: Elizabeth Puga, Broker
Office Phone: (408) 529-8513
Listing Agent: Liz Puga
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/21/2024, 12:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,425
$100,218
2020
$2,375
$99,191
2019
$2,291
$97,247
2018
$2,291
$95,341
2017
$2,187
$93,472
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$12.5K
Per Month
Principal & Interest
$12.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$7,562
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Bellehaven Elementary School
415 Ivy Dr
Distance between this listing and this school0.35 miles
Public District Grades KG-5
3
/10
Costaño School of the Arts
2695 Fordham St
Distance between this listing and this school0.91 miles
Public District Grades KG-5
7
/10
Laurel Elementary School
95 Edge Rd
Distance between this listing and this school1.13 miles
Public District Grades KG-5
Nearby Schools
2
/10
Cesar Chavez Ravenswood Middle School
2450 Ralmar Ave
Distance between this listing and this school0.55 miles
Public District Grades 6-8
3
/10
Kipp Valiant Community Preparatory
2086 Clarke Ave
Distance between this listing and this school0.96 miles
Public Charter Grades KG-8
2
/10
Aspire East Palo Alto Charter
1286 Runnymede St
Distance between this listing and this school1.58 miles
Public Charter Grades KG-8
Nearby Schools
7
/10
Tide Academy
150 Jefferson Dr
Distance between this listing and this school1.12 miles
Public District Grades 9-12
6
/10
Oxford Day Academy
1001 Beech St
Distance between this listing and this school1.41 miles
Public Charter Grades 9-12
7
/10
Menlo-Atherton High School
555 Midfield Rd
Distance between this listing and this school1.49 miles
The neighbors living near this home have an average income of $56,250. The majority of Menlo Park, CA residents have income between $35k-100k annually. Most families are married, with kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1304 Madera Ave
What is the listing price of this property?
The listing price of 1304 Madera Ave property is $2,500,000.
What type of property is this?
The property 1304 Madera Ave is land located in Menlo Park, California, 94025.
Is this property for sale now?
Active Listing: 1304 Madera Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,425 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1304 Madera Ave in Menlo Park, CA and zip code 94025 in the Newbridge Park neighborhood. This home sits on a 0.23 acre lot. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $2,500,000.
In November 2024 more than 14 listings in Menlo Park, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 8 were sold below. In November 2024 in Menlo Park, CA there were 20% less homes for sale than in October 2024. In November 2024 median list price was $2,706,666 and the average listing age was 15 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Mexican League Soccer
Mexican League Soccer
Major League Soccer (MLS)
Pro Boxing
Foot Locker
H&M
Ross Dress For Less
Little Caesars
Popeyes
Jack In The Box
Dodge
Nissan
Honda
Urban Adult Contemporary
Rhythmic Contemporary Hits