NOT LISTED FOR SALE

1065 Arrowhead Way Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $2,880,000 - $3,467,000

3 Beds
2 Baths
1,240 Sq Ft
$2,529/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $2,100,000 $1,694 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $19,016/month

6 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Granite Countertops
  • Palo Verde Elementary School Rated A+
  • Jetted Tub in Primary Bathroom
  • 2 Car Attached Garage

About This Home

As of February 2019

An abundance of natural light, clean lines, and open living spaces define this wonderful three bedroom/two bathroom Mid-century modern home in Midtown. Highlights include a gorgeous living room/dining room combo with wood-burning fireplace, beamed ceilings, and floor-to-ceiling windows; an open kitchen with high-end stainless steel appliances and granite countertops; and a master suite with floor-to-ceiling windows, beamed ceiling, and exit to the rear yard. The home includes 1240 sq.ft. of freshly painted living space, a two-car attached garage, and a private interior patio, all nestled on a large lot of 7040 sq.ft. Excellent Palo Alto schools: Palo Verde Elementary, Jane Lathrop Stanford Middle, Palo Alto High.

Last Agent to Sell the Property

Brian Chancellor

Christie's International Real Estate Sereno License #01174998 Listed on: 01/24/2019

Christie's International Real Estate Sereno

Last Buyer's Agent

David Young

Coldwell Banker Realty License #01036251

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,906

Year Built

  • Built in 1954

Lot Details

  • 7,039 Sq Ft Lot
  • Zoning described as R1

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 1,240 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Dining Area
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Jetted Tub in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 127-02-065

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,906

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Contemporary
  • Age: 65
  • Listing Class: Residential
  • Structure Sq Ft: 1240
  • Year Built: 1954
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: Countertop - Granite, Refrigerator
  • Living Sq Ft: 1240
  • Stories: 1
  • Laundry: Inside, Washer / Dryer
  • Flooring: Wood
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Primary - Tub with Jets, Shower over Tub - 1, Stall Shower
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar and Gravel

Garage/Parking

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

Utilities

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

Schools

  • School District: Palo Alto Unified
  • Elementary School: Palo Verde Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 320
  • Middle School: 322

Lot Info

  • Parcel Number: 127-02-065
  • Lot Acres: 0.1616
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7040.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7040.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Palo Verde Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2019
Closed on
Feb 19, 2019
Sold by
Feeley Dorothy and Dorothy Feeley Revocable Trust
Bought by
Cheng Ge and Yeung Cheung Rex Che
Seller's Agent
Brian Chancellor
Christie's International Real Estate Sereno
Buyer's Agent
David Young
Coldwell Banker Realty
List Price
$2,150,000
Sold Price
$2,100,000
Premium/Discount to List
-$50,000
-2.33%
Current Estimated Value
$3,135,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,035,682
Avg. Annual Appreciation
6.24%
Original Mortgage
$1,499,900
Outstanding Balance
$1,315,992
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$1,819,690

Purchase Details

Closed on
Oct 28, 2010
Sold by
Feeley Dorothy L
Bought by
Feeley Dorothy

Purchase Details

Closed on
Apr 24, 1996
Sold by
Covington Decarr Dowman
Bought by
Feeley Dorothy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.82%

Purchase Details

Closed on
Dec 10, 1993
Sold by
Castles John W
Bought by
Covington Decarr Dowman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,600
Interest Rate
3.87%
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
Cheng Ge $2,100,000 Chicago Title Co
Feeley Dorothy -- None Available
Feeley Dorothy L $375,000 North American Title Co
Covington Decarr Dowman $339,500 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Ge $1,499,900
Previous Owner Feeley Dorothy L $200,000
Previous Owner Covington Decarr Dowman $271,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $2,100,000 -2.3% $1,694 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/24/2019 01/24/19 For Sale $2,150,000 -- $1,734 / 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 $27,906 $2,342,586 $2,231,036 $111,550
2024 $27,906 $2,296,654 $2,187,291 $109,363
2023 $27,494 $2,251,622 $2,144,403 $107,219
2022 $27,174 $2,207,473 $2,102,356 $105,117
2021 $26,637 $2,164,190 $2,061,134 $103,056
2020 $26,089 $2,142,000 $2,040,000 $102,000
2019 $7,572 $558,444 $279,222 $279,222
2018 $7,299 $547,496 $273,748 $273,748
2017 $7,168 $536,762 $268,381 $268,381
2016 $6,974 $526,238 $263,119 $263,119
2015 $6,899 $518,334 $259,167 $259,167
2014 $6,682 $508,182 $254,091 $254,091
Source: Public Records

Agents Affiliated with this Home

  • Brian Chancellor

    Seller's Agent in 2019

    Brian Chancellor

    Sereno Group

    (650) 303-5511

    6 in this area

    90 Total Sales

    Brian Chancellor
    Section Image
  • David Young

    Buyer's Agent in 2019

    David Young

    Coldwell Banker Realty

    (650) 315-8989

    55 Total Sales

    David Young
    Section Image
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Map

Source: MLSListings

MLS Number: ML81736363

MLSListings

APN: 127-02-065

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

1065 Arrowhead Way, Palo Alto, CA

This home is located at 1065 Arrowhead Way, Palo Alto, CA 94303 since 24 January 2019 and is currently estimated at $3,135,682, approximately $2,528 per square foot. This property was built in 1954. 1065 Arrowhead Way is a home located in Santa Clara County with nearby schools including Palo Verde Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

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