$900,000
SOLD DEC 24, 2024

1065 Runnymede St East Palo Alto, CA 94303

2 Beds
1 Bath
950 Sq Ft
0.27 Acres

Recently Sold

$947 Per Sq Ft

6% Above List Price

5 Days on Market

Highlights

  • 11,583 Sq Ft lot
  • Wood Flooring
  • Bungalow
  • Menlo-Atherton High School Rated A
  • No HOA
  • 1 Car Garage

About This Home

As of December 2024

Are you looking for a project to take on? Do you know someone who is? Visualize the limitless possibilities and let this property bring out the architect in you! The 950 square foot house can be the template, a starting point to build someone's future home or it can be demolished and you can start from scratch. Your budget, your choice. This property has so much potential value after you rebuild! With an 11,583 square foot lot, let your imagination roam free. Located only a few minutes to Stanford University, Ikea, and freeway access to 84 and 101. Here's your chance to create your dream home! Come by and see the potential value of this property!

Last Agent to Sell the Property

Bernadette Troncales Weir

License #01400635 Listed on: 12/01/2024

Last Buyer's Agent

Out Of Area Non Member

Bay East Aor

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,901

Year Built

  • Built in 1949

Parking

  • 1 Car Garage

Home Design

  • Bungalow
  • Frame Construction
  • Composition Shingle Roof

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Wall Furnace

Additional Features

  • 1-Story Property
  • 0.27 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 063264160

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,901

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Stories: 1
  • Year Built: 1949
  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Subdivision Name: Other
  • Directions: University Ave to Runnymede
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: One Story
  • New Construction: No
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Wood
  • Other Equipment: None
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Room Kitchen Features: None

Exterior Features

  • Roof: Composition Shingles
  • Lot Features: Level
  • Pool Features: None
  • Pool Private: No
  • Construction Type: Frame
  • Property Condition: Existing

Garage/Parking

  • Garage Spaces: 1

Utilities

  • Heating: Wall Furnace
  • Cooling: None
  • Laundry Features: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • Electric: No Solar

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 11583
  • Parcel Number: 063264160

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2024
Closed on
Dec 23, 2024
Sold by
John And Isitaluma Palavi Living Trust and Palavi David John
Bought by
Nie Wenwei and Chen Jingyi
Seller's Agent
Bernadette Troncales Weir
Buyer's Agent
Out Of Area Non Member
Bay East Aor
List Price
$850,000
Sold Price
$900,000
Premium/Discount to List
$50,000
5.88%
Views
75
Current Estimated Value
$954,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,452
Avg. Annual Appreciation
9.16%

Purchase Details

Closed on
Jul 28, 2021
Sold by
Palavi John F
Bought by
John & Isitalumu Palavi Living Trust

Purchase Details

Closed on
May 7, 2004
Sold by
Palavi John F and Palavi Isitalumu C
Bought by
Palavi John F and Palavi Isitalumu C

Purchase Details

Closed on
Nov 25, 1998
Sold by
Palavi John F and Palavi Isitalumu C
Bought by
Palavi John F and Palavi Isitalumu C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.87%

Purchase Details

Closed on
Nov 5, 1998
Sold by
Palavi John F and Palavi Isitalumu C
Bought by
Palavi John F and Palavi Isitalumu C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.87%

Purchase Details

Closed on
Aug 27, 1998
Sold by
Palavi John F and Palavi Isitalumu C
Bought by
Palavi John F and Palavi Isitaluma C
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 Type Sale Price Title Company
Grant Deed $900,000 Wfg National Title Insurance C
Deed -- --
Interfamily Deed Transfer -- --
Gift Deed -- First American Title Co
Interfamily Deed Transfer -- --
Grant Deed $76,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $226,409 New Conventional
Previous Owner $230,000 Unknown
Previous Owner $250,000 Credit Line Revolving
Previous Owner $185,000 Unknown
Previous Owner $140,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $850,000 -- --
12/24/2024 12/24/24 Sold $900,000 +5.9% $947 / Sq Ft
12/12/2024 12/12/24 For Sale $850,000 0.0% $895 / Sq Ft
12/06/2024 12/06/24 Pending -- -- --
12/01/2024 12/01/24 For Sale $850,000 -- $895 / Sq Ft
Source: Bay East Association of REALTORS®

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 $12,901 $900,000 $880,000 $20,000
2023 $12,901 $875,000 $708,000 $167,000
2022 $13,204 $1,071,000 $867,000 $204,000
2021 $2,833 $123,418 $53,576 $69,842
2020 $2,772 $122,153 $53,027 $69,126
2019 $2,774 $119,759 $51,988 $67,771
2018 $2,704 $117,412 $50,969 $66,443
2017 $2,619 $115,111 $49,970 $65,141
2016 $2,646 $112,855 $48,991 $63,864
2015 $2,625 $111,161 $48,256 $62,905
2014 $2,574 $108,984 $47,311 $61,673
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay East Association of REALTORS®

MLS Number: 41079808

Bay East Association of REALTORS®

APN: 063-264-160