MenloPark Investor Spec
Here are the numbers...
| Items | Cost | Comments |
|---|---|---|
| Purchase Price | $2,300,000 | |
| Design | $50,000 | 2 Months |
| Permits | $40,000 | 3 Months |
| Construction | $1,100,000 | 10 Months |
| -------------------- | ||
| Other Expenses | ||
| Realtor Fee | $120,000 | |
| Holding Cost | $200,000 | Interest, Taxes |
| School Fee | $20,000 | |
| --------------------- | ||
| Sale Price | $4,380,000 | |
| Return on Cash | 40% | Yearly |
- Winner of prestigious national design award.
- Main Home, 2800 sq ft: 4 Bed/4 Bath/Living/Dining/Family/Deck
- ADU, 800 sq ft: 2 Bed/2 Bath/Living/Dining/Kitchen
- Lot Size 10,503 square feet
- Est. Completion: Early 2022
- Top Rated Schools: Laurel Elementary, Hillview Middle, Menlo-Atherton High
- Location: Border of Menlo Park and Palo Alto, minutes to Stanford, Facebook, Amazon.
- Builder Warranty: 10 Yrs Structural, 2 Yrs Fit-N-Finish
- Sold in 6 days!!
- Redfin Link
The Home
Modern Retreat
- 4 Bed, 4 Bath
- Formal Living/Dining
- Family Room
- Large deck and balcony
- Open floor plan
- 11 ft ceiling in main living areas
- Large windows
- 2 car over sized garage
- Semi-private driveway
- Tesla Charger
The ADU
Multi Use
- 2 Bed, 2 Bath
- Living
- Dining
- Kitchen
- Private entry
- Personal backyard
- Independent parking space
- Washer/Dryer
The Lot
Peace-N-Quite
- Large lot
- Beautiful trees
- Lots of sunlight
- East facing
- Large backyard
- View of school playground