$2,000,000
SOLD JUN 26, 2018
3 Beds
1 Bath
1,721 Sq Ft
6,020 Sq Ft Lot

Recently Sold

$1,162 Per Sq Ft

49 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Floor Furnace
  • Duveneck Elementary School Rated A+
  • Eat-In Kitchen
  • Wood Burning Fireplace

About This Home

As of March 2023

Built in 1948, this 1,721 sq ft (per county) house needs to be rehabbed or replaced. Excellent opportunity to build a new, larger 2,565 sq ft (per city) dream home on a 6,050 sq ft (per city) lot in the prime Duveneck-St. Francis neighborhood of Palo Alto. Nationally renowned schools: Duveneck Elementary (ranked #2 in state, within walking distance), Greene (formerly Jordan) Middle, Palo Alto High, and Stanford. Edgewood Shopping Center within walking distance. All the amenities of Palo Alto, including parks and athletic facilities, are close to this home. Google, Facebook, Amazon, Stanford, Intel, Synopsys, Lockheed, NASA, Linkedin, Apple, and many other high-tech employers within easy commute. Freeway access nearby. Great opportunity for developer or builder. Lot fully developed for utilities, but service to house is off and meters removed for safety. Buyer to independently verify all relevant info and details related to the property, including permits and square footage.

Last Agent to Sell the Property

Sherry Chu

Corcoran Icon Properties License #01894684 Listed on: 04/23/2018

Last Buyer's Agent

Rita Redford

Coldwell Banker Realty License #01327279

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,464

Year Built

  • Built in 1948

Lot Details

  • 6,020 Sq Ft Lot
  • Back Yard
  • Zoning described as R1

Parking

  • 2 Car Detached Garage

Home Design

  • Fixer Upper
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,721 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Electric Dryer Hookup

Utilities

  • Floor Furnace

Listing and Financial Details

  • Assessor Parcel Number 003-42-060

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,464

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Property Condition: Fixer Upper
  • Age: 70
  • Listing Class: Residential
  • Structure Sq Ft: 1721
  • Incorporated: Yes
  • Year Built: 1948
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Eat in Kitchen
  • Living Sq Ft: 1721
  • Stories: 2
  • Laundry: Electricity Hookup (110V), Inside
  • Flooring: Carpet, Hardwood, Tile
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard
  • Construction Type: Stucco, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Fireplace, Floor Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Palo Alto Unified
  • Elementary School: Duveneck Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 311
  • Middle School: 329

Lot Info

  • Parcel Number: 003-42-060
  • Lot Acres: 0.1382
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6021.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6021.00

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: 2-car

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Duveneck Elementary
  • High School Text: Palo Alto High
  • Middle School Text: David Starr Jordan Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2022
Closed on
Feb 27, 2023
Sold by
Xiao Zhihua and Xiao Shan
Bought by
Heli C Yu Revocable Trust
Seller's Agent
Judy Shen
Coldwell Banker Realty
Buyer's Agent
Judy Shen
Coldwell Banker Realty
List Price
$4,180,000
Sold Price
$4,128,000
Premium/Discount to List
-$52,000
-1.24%
Views
84
Current Estimated Value
$4,473,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,762
Avg. Annual Appreciation
5.08%

Purchase Details

Closed on
Mar 16, 2020
Sold by
Omegacloud Corporation
Bought by
Xiao Zhihua and Chao Shan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2018
Closed on
Jun 19, 2018
Sold by
Ferris Cynthia Marle
Bought by
Omegacloud Corporation
Seller's Agent
Sherry Chu
Corcoran Icon Properties
Buyer's Agent
Rita Redford
Coldwell Banker Realty
List Price
$1,999,000
Sold Price
$2,000,000
Premium/Discount to List
$1,000
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.47%
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 Type Sale Price Title Company
Grant Deed $4,128,000 Old Republic Title
Grant Deed -- Old Republic Title Company
Grant Deed $2,000,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,275,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2023 03/01/23 Sold $4,128,000 -1.2% $1,868 / Sq Ft
02/06/2023 02/06/23 Pending -- -- --
11/03/2022 11/03/22 For Sale $4,180,000 +109.0% $1,891 / Sq Ft
06/26/2018 06/26/18 Sold $2,000,000 +0.1% $1,162 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
06/05/2018 06/05/18 For Sale $1,999,000 0.0% $1,162 / Sq Ft
05/31/2018 05/31/18 For Sale $1,999,000 0.0% $1,162 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
05/23/2018 05/23/18 Pending -- -- --
05/22/2018 05/22/18 Price Changed $1,999,000 -99.0% $1,162 / Sq Ft
05/22/2018 05/22/18 Price Changed $199,000,000 +8335.8% $115,630 / Sq Ft
04/23/2018 04/23/18 For Sale $2,359,000 -- $1,371 / 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 $50,464 $4,294,771 $3,121,200 $1,173,571
2024 $50,464 $4,210,560 $3,060,000 $1,150,560
2023 $42,464 $3,512,852 $2,175,938 $1,336,914
2022 $42,152 $3,443,973 $2,133,273 $1,310,700
2021 $36,806 $3,011,445 $2,091,445 $920,000
2020 $25,499 $2,080,800 $2,080,800 $0
2019 $25,197 $2,040,000 $2,040,000 $0
2018 $3,372 $97,008 $38,754 $58,254
2017 $1,957 $95,107 $37,995 $57,112
2016 $1,899 $93,243 $37,250 $55,993
2015 $1,872 $91,843 $36,691 $55,152
2014 $1,735 $90,045 $35,973 $54,072
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81702041

MLSListings

APN: 003-42-060