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624 University Dr Menlo Park, CA, 94025
$2,588,000 Land pending 0.20 acres
624 University Dr. offers a strategic covered land play, allowing developers to capitalize on the land's current returns during the planning phase of future opportunities. Property is being sold alongside the adjacent property, 632 University Dr. PROPERTIES SOLD TOGETHER OR SEPARATELY. When purchased together, the lot size becomes almost 18,000 SqFt, allowing for the development of up to 12 units. 624 University Dr. is located in one of the most desirable areas of Menlo Park, west of El Camino, and three blocks from Downtown Menlo Park with abundant shopping, dining, and entertainment options. The property is within walking distance to Caltrain and approx. one mile from Stanford University, Stanford Hospital, and Stanford Shopping Center. The unit mix is (4) 1 bd / 1 ba units that are approx. 675 SF each (buyer to verify). Units have an abundance of natural light and some have been upgraded with new counters, tile baths, and new vanities. The roof was replaced within the last 5 years. NOTE: Interior photos are of unit #2 of neighboring building 632 University Dr. Identical floorplan exists in 624 University Dr.
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Property details
8,850 sqft interior area
Land area
8,850 sqft (0.20 acres)
Price per sqft
$292/sqft
Days on Verhouse
66
Address
624 University Dr, Menlo Park, CA, 94025
City of California
Menlo Park
County
San Mateo
District
Listing
Zoning
R3
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Listed by
Carlos Azucena, Marcus & Millichap
Name
Carlos Azucena
License number
01738155
Brokerage company
Marcus & Millichap
MLS #
ML81955063
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Calculate your monthly payments
Mortgage
$7,946
Taxes
$0
HOA dues
$0
Mortgage
$517,600 / 20%
2.28%
30 years
Your amount
$7,946 / month
Lot details
TMK #071312300
Parcel #
071312300
94025 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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Bus stop
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Supermarket
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Costco
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no data
Hospital
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Park
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Beach
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Elementary school
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Middle school
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High school
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Local airport
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no data
People living in 94025
50%
Families with children
National average: 39%
33%
Non family households
258,441
Population
$217,721
Average Income
Age & gender
Median age 39 years
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Commute types
73% commute by car
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Education level
33% have professional education
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Number of employees
3% work in management
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Vehicles available
39% have 2 vehicle
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Vehicles by gender
39% have 2 vehicle
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Housing market insights for
$3.22m
Neighborhood average
sales price*
sales price*
$2.35m
Neighborhood median
sales price*
sales price*
338
Number
of sales*
of sales*
Housing type
60% are single detacheds
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Rooms
33% of the houses have 4 or 5 rooms
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Bedrooms
54% have 2 or 3 bedrooms
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Owners vs Renters
57% are owners
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17.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Pending Apr 19, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 19, 2024 | Pending | $2,588,000 | 292.43 | MLS #ML81955063 |
| Mar 18, 2024 | Under contract | $2,588,000 | 292.43 | MLS #ML81955063 |
| Feb 22, 2024 | New Listing | $2,588,000 | 292.43 | MLS #ML81955063 |
| Apr 19, 2024 | Pending | $2,588,000 | 958.52 | MLS #ML81954182 |
| Mar 18, 2024 | Under contract | $2,588,000 | 958.52 | MLS #ML81954182 |
| Feb 13, 2024 | New Listing | $2,588,000 | 958.52 | MLS #ML81954182 |
| Dec 7, 2023 | Withdrawn | $2,588,000 | 958.52 | MLS #ML81940907 |
| Nov 6, 2023 | Price Decrease | $2,588,000 -9.19% | 958.52 | MLS #ML81940907 |
| Sep 6, 2023 | New Listing | $2,850,000 | 1055.56 | MLS #ML81940907 |
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Frequently Asked Questions about 624 University Dr
What is 624 University Dr?
624 University Dr is a lot of 0.20 acres (about is 8,850 sqft).
What is the full address of this Land?
624 University Dr, Menlo Park, CA, 94025.
Tell me about the point of interest nearby
The closest grocery stores are Draeger's Market, 0.24 miles away and Safeway, 0.26 miles away.
Based on information from the bridgeMLS as of 04-27-2024. 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. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 19, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Draeger's Market, 0.24 miles away and Safeway, 0.26 miles away.
The 94025 zip area has a population of 258,441, and 50% of the families have children. The median age is 39.06 years and 73% commute by car. The most popular housing type is "single detached" and 57% is owner.
