Marge's Real Estate Blog: The Draper Report

Can you find a home in the City of Menlo Park for under one million dollars?

Looking at homes in Menlo Park on our Broker Tour on Tuesday, April 18th., I was struck by the number of homes on tour that were under $1,000,000.  Five of the 13 homes on the market were under one million dollars.  

Of the 13 homes on tour in Menlo Park, two were condos so they are not part of today's discussion.  This  price range was at the top of my mind because I have buyers at this price range.  Until rather recently we have had to look in Redwood City and San Carlos to find homes in this price range.

The rules I set for this discussionare that the property must have a Menlo Park address and must be in either the Las Lomitas elementary district or the Menlo Park City School District and must be listed for under one million dollars.  

There were five homes out of 13 that qualified.  One home at 1471 Franks Lane is already pending.  It was on the market for eight days.  The agent told me that he'd had the house open on the week-end and that there had been a lot of interest.  The home was built in 1949 and still has some very sweet architectural details from that era: coved ceiling and built-in corner cabinets in the dining room.  It was offered at $978,000.  The house has 1060 sf and the lot is 5200 sf.  It's two bedrooms and one bath.  This is a perfect example of needing to act quickly if you see a property that is in your price range and if it speaks to you.

The home at 762 Arnold is located in the Willows and is a prime example of curb appeal.  If you are thinking of putting your home on the market, drive by this home and take notes!  This house is 1090 sf and is on a 7000 sf lot.  It's listed at $829,000.  There is granite in the remodeled kitchen.  The agent is looking for offers on Thursday, April 21.

The house at 120 Dunsmuir Way is in Suburban Park.  Suburban Park has long had the reputation of being a very friendly neighborhood.  There are instances of multple generations in the neighborhood.  Buyers who grew up in Suburban Park have come back there to live.  I can't think of a better recommendation of an area.  

The home has been updated with a granite kitchen and very attractive cabinets.  It is offered at $965,000.  The house is 1520 sf with a 5000 sf lot.  The home has three bedrooms and two baths.  I would call this the value house of the tour.

I admit that a two bedroom one bath home may not suit everyone, but you can see that there are larger homes in the under one million dollar price tag.