NOT LISTED FOR SALE

1061 Fife Ave Palo Alto, CA 94301

Crescent Park Neighborhood

Estimated Value: $5,201,000 - $8,410,000

5 Beds
4.5 Baths
3,976 Sq Ft
$1,798/Sq Ft Est. Value

Last Sold August 21, 2012

Last sale price $4,200,000 $1,056 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $43,990/month

8 Days on Market

Highlights

  • Wine Cellar
  • Primary Bedroom Suite
  • Wood Flooring
  • Addison Elementary School Rated A+
  • Living Room with Fireplace
  • Spanish Architecture

About This Home

As of August 2012

The home’s design is perfectly arranged with public rooms spanning one side of the home culminating at a true “great room” with fabulous chef’s kitchen. To the other side, the home’s 5 bedrooms unfold beginning with one at the entrance, also ideal for an office, and ending with a romantic master suite that opens to the rear grounds. ideal locaed in sought-after Crescent Park/Community Center.

Last Agent to Sell the Property

Alan Dunckel

Compass License #00866010 Listed on: 07/11/2012

Compass

Last Buyer's Agent

Hugh Cornish

Coldwell Banker Realty License #00912143

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $60,481

Year Built

  • Built in 2009

Lot Details

  • Fenced
  • Level Lot
  • Sprinklers on Timer
  • Drought Tolerant Landscaping
  • Zoning described as R1

Parking

  • 1 Car Garage
  • Guest Parking

Home Design

  • Spanish Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,976 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Wine Cellar
  • Living Room with Fireplace
  • Formal Dining Room
  • Laundry in Garage

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Walk-in Shower

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System
  • 220 Volts
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Barbecue Area

Listing and Financial Details

  • Assessor Parcel Number 003-21-071

Home Details

Home Type

Single Family

Est. Annual Taxes

$60,481

Year Built

Built in 2009

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Spanish
  • Age: 3
  • Sale Price Per Sq Ft: 1056.34
  • Level Street Main: 2 or more Primary Suites
  • Listing Class: Residential
  • Structure Sq Ft: 3976
  • Builder Architect: Cox Brothers
  • Incorporated: Yes
  • Map Book Page: 791
  • Map Side Coordinate: 4
  • Map Top Coordinate: A
  • Thomas Bros Page: 791
  • Thomas Brothers: A4
  • Year Built: 2009
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Living Room, Wood Burning, Gas Log, Yes
  • Dining Room: Formal Dining Room, Breakfast Bar, Eat in Kitchen
  • Kitchen: Dishwasher, Garbage Disposal, Refrigerator, Oven Range, Microwave, 220 Volt Outlet
  • Living Sq Ft: 3976
  • Stories: 1
  • Bedrooms: Primary Suite / Retreate - 2+
  • Laundry: In Garage, In Laundry Room, 220 Volt Outlet
  • Flooring: Tile, Hardwood
  • Additional Rooms: Wine Cellar / Storage, Storage
  • Maximum Bathrooms: 5
  • Maximum Numberof Bedrooms: 5
  • Minimum Bathrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Showers over Tubs - 2+, Tubs - 2+, Stall Shower, Tub with Jets

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Clay
  • View: Local/Neighborhood
  • Yard/Grounds: Patio(s), Sprinkler(s) - Front, Sprinkler(s) - Rear, Sprinklers - Auto, Drought Tolerant Plants, BBQ Area, Fenced, Game Court Out/In
  • Exterior: Stucco

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage, Guest / Visitor Parking

Utilities

  • Cooling System: Central AC
  • Heating System: Radiant, Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Window Covering(s)

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 003-21-071
  • List Price per Sq Ft: 1080.23
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12497.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 12497.00
  • Lot Size Area Min Search: 12497.00
  • Maximum Lot Size: 12497.00
  • Map Book: Thomas Bros

Green Features

  • Energy Features: Insulation - Unknown

Multi Family

  • Maximum Building Height: 1
  • Minimum Building Height: 1

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Addison 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
Jul 11, 2012
Closed on
Jul 19, 2012
Sold by
Arriola Dennis V and Winnick Janet A
Bought by
Rajgopal Kausik and Efimoff Sharyn
Seller's Agent
Alan Dunckel
Compass
Buyer's Agent
Hugh Cornish
Coldwell Banker Realty
List Price
$4,295,000
Sold Price
$4,200,000
Premium/Discount to List
-$95,000
-2.21%
Current Estimated Value
$7,148,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,948,421
Avg. Annual Appreciation
4.54%
Original Mortgage
$2,800,000
Interest Rate
2.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2007
Sold by
Raymond Gregory C and Raymond Suzanne K
Bought by
Cox Bros Construction Inc and Elloway Hanson Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,612,500
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Rajgopal Kausik $4,200,000 Stewart Title Guaranty Compa
Cox Bros Construction Inc -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rajgopal Kausik $2,200,000
Closed Rajgopal Kausik $2,800,000
Previous Owner Arriola Dennis $2,210,000
Previous Owner Arriola Dennis $250,000
Previous Owner Cox Bros Construction Inc $2,905,000
Previous Owner Cox Bros Construction Inc $1,612,500
Previous Owner Raymond Gregory C $65,000
Previous Owner Raymond Gregory C $550,000
Previous Owner Raymond Gregory C $50,000
Previous Owner Raymond Gregory C $450,000
Previous Owner Raymond Gregory C $306,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2012 08/21/12 Sold $4,200,000 -2.2% $1,056 / Sq Ft
07/19/2012 07/19/12 Pending -- -- --
07/11/2012 07/11/12 For Sale $4,295,000 -- $1,080 / 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 $60,481 $5,171,989 $3,694,281 $1,477,708
2024 $60,481 $5,070,579 $3,621,845 $1,448,734
2023 $59,595 $4,971,157 $3,550,829 $1,420,328
2022 $58,914 $4,873,684 $3,481,205 $1,392,479
2021 $57,754 $4,778,123 $3,412,947 $1,365,176
2020 $56,543 $4,729,130 $3,377,952 $1,351,178
2019 $55,924 $4,636,403 $3,311,718 $1,324,685
2018 $54,366 $4,545,494 $3,246,783 $1,298,711
2017 $53,413 $4,456,368 $3,183,121 $1,273,247
2016 $52,019 $4,368,989 $3,120,707 $1,248,282
2015 $51,520 $4,303,364 $3,073,832 $1,229,532
2014 $50,583 $4,219,068 $3,013,620 $1,205,448
Source: Public Records

Agents Affiliated with this Home

  • Alan Dunckel

    Seller's Agent in 2012

    Alan Dunckel

    Compass

    (650) 543-1074

    3 in this area

    8 Total Sales

    Alan Dunckel
    Section Image
  • Hugh Cornish

    Buyer's Agent in 2012

    Hugh Cornish

    Coldwell Banker Realty

    (650) 566-5353

    113 Total Sales

    Hugh Cornish
    Section Image
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Map

Source: MLSListings

MLS Number: ML81226008

MLSListings

APN: 003-21-071

California Santa Clara County Palo Alto 94301 Crescent Park

1061 Fife Ave, Palo Alto, CA

This home is located at 1061 Fife Ave, Palo Alto, CA 94301 since 11 July 2012 and is currently estimated at $7,148,421, approximately $1,797 per square foot. This property was built in 2009. 1061 Fife 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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