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Home sells for $7.6 million, record for Menlo Park

Original post made on Apr 3, 2012

In a sign that the local real estate market has rebounded, a house in Menlo Park last week sold for a record-setting $7.625 million with the sale closing only 11 days after the home went on the market. The Multiple Listing Service shows the price is the highest on record in Menlo Park for a single-family home.

Read the full story here Web Link posted Tuesday, April 3, 2012, 2:43 PM

Comments (3)

Posted by TaxManCometh, a resident of Menlo Park
on Apr 3, 2012 at 5:25 pm

Assuming 1.2% annual property taxes, add $2,862,000 over 30 years. That's a record for future liability incurred by way of property purchase in Menlo Park, too.


Posted by neighbor, a resident of another community
on Apr 3, 2012 at 6:43 pm

Obviously the buyer knows about the taxes and it's not a problem for him/her.


Posted by musical, a resident of Palo Verde
on Apr 3, 2012 at 6:50 pm

Prop 13 will limit their future tax increases, and in 30 years the new neighbors will be complaining about these freeloaders.


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