NOT LISTED FOR SALE

1005 University Ave Palo Alto, CA 94301

Crescent Park Neighborhood

Estimated Value: $5,859,000 - $7,583,000

5 Beds
3.5 Baths
4,649 Sq Ft
$1,398/Sq Ft Est. Value

Last Sold July 26, 2021

Last sale price $5,100,000 $1,097 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $37,462/month

138 Days on Market

Highlights

  • Private Pool
  • Craftsman Architecture
  • Jetted Tub in Primary Bathroom
  • Addison Elementary School Rated A+
  • Deck
  • Attic

About This Home

As of July 2021

This stunning 1902 Craftsman home with a modern Farmhouse style was lovingly restored and rebuilt in 2010 from the foundation up. Set on a private landscaped 13,000 sf lot, the home offers over 4600 sf of living space + large attached 2-car garage & circular drive off Hale St. The main floor features spacious formal rooms, a home office and the perfect kitchen/family room opening to the backyard. Enjoy outdoor entertaining on the large deck with arbor, retractable awning, pool w/built in spa & gardens with mature fruit trees. Many original features create the charm and ambiance of this special five bedroom home while offering new amenities throughout. Situated at the corner of University & Hale, the home is a few blocks to the vibrant Palo Alto downtown with shopping & restaurants and only a short distance to Stanford University, Stanford Medical Center, and major commute routes to 3 international airports. A wonderful opportunity to own a piece of history in pristine condition!

Last Agent to Sell the Property

Sherry Bucolo

Compass License #00613242 Listed on: 03/15/2021

Compass

Last Buyer's Agent

Carol Carnevale

Compass License #00946687

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,011

Year Built

  • 1886

Lot Details

  • 0.3 Acre Lot
  • South Facing Home
  • Wood Fence
  • Sprinkler System
  • Back Yard Fenced

Parking

  • 2 Car Attached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Farmhouse Style Home
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,649 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Formal Entry
  • Separate Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Library
  • Neighborhood Views
  • Alarm System
  • Attic
  • Unfinished Basement

Kitchen

  • Gas Oven
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Remodeled Bathroom
  • Bathroom on Main Level
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Private Pool
  • Deck

Utilities

  • Radiant Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,011

Year Built

1886

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1929
  • Subclass: Single Family Home
  • Style: Craftsman, Farm House, Traditional
  • Age: 135
  • Listing Class: Residential
  • Structure Sq Ft: 4649
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1886

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Dishwasher, Garbage Disposal, Island With Sink, Oven Range - Gas
  • Fireplace: Yes
  • Living Sq Ft: 4649
  • Stories: 2
  • Security: Security Alarm
  • Laundry: Washer / Dryer
  • Additional Rooms: Attic, Basement - Unfinished, Den / Study / Office, Formal Entry, Laundry Room, Library
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Half On Ground Floor, Primary - Stall Shower(s), Primary - Tub With Jets, Shower Over Tub - 1, Stall Shower - 2+, Tub In Primary Bedroom, Updated Bath

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Yes
  • Roof: Composition, Shingle
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Deck, Sprinklers - Lawn
  • Fencing: Fenced Back, Wood
  • Property Faces: South
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street, Parking Area

Utilities

  • Heating System: Radiant
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Lot Acres: 0.2984
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 13000.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2021
Closed on
Jul 12, 2021
Sold by
Beamer Norman Hazlett and Tasca Diane Adriane
Bought by
Rogers Seth Olds and Rogers Yusong Sun
Seller's Agent
Sherry Bucolo
Compass
Buyer's Agent
Carol Carnevale
Compass
List Price
$6,250,000
Sold Price
$5,100,000
Premium/Discount to List
-$1,150,000
-18.4%
Current Estimated Value
$6,499,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,399,917
Avg. Annual Appreciation
5.74%
Original Mortgage
$2,500,000
Outstanding Balance
$2,274,295
Interest Rate
2.93%
Mortgage Type
Commercial
Estimated Equity
$4,166,521

Purchase Details

Closed on
Dec 7, 2000
Sold by
Beamer Norman H and Tasca Diane A
Bought by
Beamer Norman Hazlett and Tasca Diane Adriane
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rogers Seth Olds $5,100,000 Chicago Title Company
Beamer Norman Hazlett -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rogers Seth Olds $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2021 07/26/21 Sold $5,100,000 -14.3% $1,097 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
04/27/2021 04/27/21 Price Changed $5,950,000 -4.8% $1,280 / Sq Ft
02/10/2021 02/10/21 For Sale $6,250,000 -- $1,344 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,011 $3,123,555 $2,096,992 $1,026,563
2024 $36,011 $3,062,310 $2,055,875 $1,006,435
2023 $35,485 $3,002,265 $2,015,564 $986,701
2022 $35,082 $2,943,398 $1,976,044 $967,354
2021 $16,692 $1,398,972 $636,654 $762,318
2020 $16,337 $1,384,628 $630,126 $754,502
2019 $16,160 $1,357,479 $617,771 $739,708
2018 $15,717 $1,330,862 $605,658 $725,204
2017 $15,442 $1,304,768 $593,783 $710,985
2016 $15,028 $1,279,186 $582,141 $697,045
2015 $14,885 $1,259,972 $573,397 $686,575
2014 $15,284 $1,235,291 $562,165 $673,126
Source: Public Records

Agents Affiliated with this Home

  • Sherry Bucolo

    Seller's Agent in 2021

    Sherry Bucolo

    Compass

    (650) 207-9909

    10 in this area

    43 Total Sales

    Sherry Bucolo
    Section Image
  • Carol Carnevale

    Buyer's Agent in 2021

    Carol Carnevale

    Compass

    (650) 250-4517

    2 in this area

    9 Total Sales

    Carol Carnevale
    Section Image
  • James Steele

    Buyer Co-Listing Agent in 2021

    James Steele

    Compass

    (650) 796-2523

    2 in this area

    40 Total Sales

    James Steele
    Section Image
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Map

Source: MLSListings

MLS Number: ML81820299

MLSListings

APN: 003-05-008

California Santa Clara County Palo Alto 94301 Crescent Park

1005 University Ave, Palo Alto, CA

This home is located at 1005 University Ave, Palo Alto, CA 94301 since 15 March 2021 and is currently estimated at $6,499,917, approximately $1,398 per square foot. This property was built in 1886. 1005 University Ave is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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