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ELF Financing Strategy  <br />   San Mateo County ELF Study‐2016  <br />February 21, 2017  <br />  <br />Prepared by Brion Economics Team                    Final Report 38 <br />  <br />   <br />Table A‐10 <br />Detailed Residential Multi‐Family Vacant Land Costs <br />San Mateo Countywide ELF Study ‐ 2016 <br />Address City <br />Sale Price 2015 $  <br />(1) Lot Area <br />Price/SF  <br />Land in  <br />2015 $ <br />3639 Haven Avenue Menlo Park $4,400,000 65,253 $67 <br />1679 Kenfield Avenue Redwood City $2,250,000 43,574 $52 <br />755‐763 Hamilton Avenue Menlo Park $1,851,300 21,780 $85 <br />105 5th Avenue Redwood City $1,200,000 18,000 $67 <br />389 El Camino Real Menlo Park $12,200,000 53,579 $228 <br />1300 El Camino Real Menlo Park $24,500,000 148,165 $165 <br />2963 El Camino Real Redwood City/Uninc. County $2,685,000 11,400 $236 <br />1275 El Camino Real Menlo Park $3,600,000 17,960 $200 <br />Page Mill Road Palo Alto $3,959,000 26,926 $147 <br />3877 El Camino Real Palo Alto $4,450,000 32,825 $136 <br />536 N. Wishman Road Mountain View $1,050,000 7,000 $150 <br />1958 Latham Street Mountain View $1,600,000 16,600 $96 <br />$5,312,108 $38,589 $136 <br />Summary Statistics <br />Lower Quartile (25%) $85 <br />Average Value $140 <br />Upper Quartile (75%) $200 <br />(1) Sales data from the San Mateo County Housing Impact Fee Nexus Study (2015), Figure VII‐8. <br />Sources: San Mateo County Housing Impact Fee Nexus Study; Brion Economics, Inc. <br />Average <br />8.C. - Page 57