NOT LISTED FOR SALE

1038 Harker Ave Palo Alto, CA 94301

Community Center Neighborhood

Estimated Value: $3,862,000 - $4,788,000

3 Beds
2 Baths
1,652 Sq Ft
$2,552/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $3,700,000 $2,240 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $27,303/month

5 Days on Market

Highlights

  • Wood Flooring
  • Corian Countertops
  • Dining Room
  • Walter Hays Elementary Rated A+
  • Bathtub with Shower
  • Separate Family Room

About This Home

As of March 2023

Situated on a spacious lot, this three bedroom, two bathroom home features 1,652 square feet of living space and is ready for a complete overhaul to make way for your dream home. The lot offers ample room for an updated and modern home that can be transformed into a stunning masterpiece, perfectly tailored to your needs. The property's mature landscaping and outdoor spaces offer a host of opportunities, ready to become the perfect setting for outdoor relaxation and entertaining. Located in one of the most coveted neighborhoods in the Bay Area, this property is just minutes away from Palo Alto's vibrant downtown, with its endless shopping, dining, and entertainment options. With its prime location and untapped potential, this property represents a rare opportunity for developers and builders to create a truly exceptional home in one of the most sought-after locations.

Last Agent to Sell the Property

Emma Elfving

Compass License #01870848 Listed on: 03/16/2023

Compass

Co-Listed By

Erik Elfving

Compass License #01874451

Last Buyer's Agent

Greg Celotti

Compass License #01360103

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,450

Year Built

  • Built in 1922

Lot Details

  • 8,425 Sq Ft Lot
  • Back Yard Fenced
  • Zoning described as R1

Home Design

  • Fixer Upper
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,652 Sq Ft Home
  • 1-Story Property
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Range Hood
  • Dishwasher
  • Corian Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Parking

  • On-Street Parking
  • Uncovered Parking

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 003-44-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,450

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Property Condition: Fixer Upper
  • Age: 101
  • Listing Class: Residential
  • Structure Sq Ft: 1652
  • Year Built: 1922
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room
  • Dining Room: No Formal Dining Room
  • Kitchen: Countertop - Solid Surface / Corian, Dishwasher, Garbage Disposal, Hood Over Range
  • Living Sq Ft: 1652
  • Stories: 1
  • Bedrooms: Primary Bedroom on Ground Floor
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Shower over Tub - 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar and Gravel
  • Fencing: Fenced Back
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: On Street, Uncovered Parking

Utilities

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

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 003-44-021
  • Lot Acres: 0.1934
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8424.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8424.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2023
Closed on
Mar 27, 2023
Sold by
Eugene R Peterson R and Eugene Isabel F
Bought by
Jackson Hansel Lynn And Elizabeth King-Lynn L
Seller's Agent
Emma Elfving
Compass
Buyer's Agent
Greg Celotti
Compass
List Price
$2,995,000
Sold Price
$3,700,000
Premium/Discount to List
$705,000
23.54%
Total Days on Market
5
Views
17
Current Estimated Value
$4,215,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$515,936
Avg. Annual Appreciation
5.20%

Purchase Details

Closed on
Jul 31, 2001
Sold by
Peterson Eugene Robert and Peterson Isabel Florence
Bought by
Peterson Eugene R and Peterson Isabel F
Source: Public Records

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Range of Values:

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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
Jackson Hansel Lynn And Elizabeth King-Lynn L $3,700,000 Orange Coast Title
Peterson Eugene R -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2023 03/30/23 Sold $3,700,000 +23.5% $2,240 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $2,995,000 -- $1,813 / 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
2024 $44,450 $3,774,000 $3,723,000 $51,000
2023 $1,543 $126,749 $49,491 $77,258
2022 $1,521 $124,265 $48,521 $75,744
2021 $1,489 $121,829 $47,570 $74,259
2020 $1,457 $120,581 $47,083 $73,498
2019 $1,441 $118,217 $46,160 $72,057
2018 $1,414 $115,900 $45,255 $70,645
2017 $1,388 $113,628 $44,368 $69,260
2016 $1,339 $111,401 $43,499 $67,902
2015 $1,324 $109,729 $42,846 $66,883
2014 $1,304 $107,580 $42,007 $65,573
Source: Public Records

Agents Affiliated with this Home

  • Emma Elfving

    Seller's Agent in 2023

    Emma Elfving

    Compass

    (650) 773-5115

    1 in this area

    73 Total Sales

    Emma Elfving
    Section Image
  • Erik Elfving

    Seller Co-Listing Agent in 2023

    Erik Elfving

    Compass

    (650) 773-5836

    1 in this area

    31 Total Sales

    Erik Elfving
    Section Image
  • Greg Celotti

    Buyer's Agent in 2023

    Greg Celotti

    Compass

    (650) 740-1580

    1 in this area

    102 Total Sales

    Greg Celotti
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81921698

MLSListings

APN: 003-44-021

California Santa Clara County Palo Alto 94301 Community Center

1038 Harker Ave, Palo Alto, CA

This home is located at 1038 Harker Ave, Palo Alto, CA 94301 since 16 March 2023 and is currently estimated at $4,215,936, approximately $2,552 per square foot. This property was built in 1922. 1038 Harker Ave is a home located in Santa Clara County with nearby schools including Walter Hays Elementary, Frank S. Greene Jr. Middle, and Palo Alto High School.

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