NOT LISTED FOR SALE

Estimated Value: $3,434,000 - $4,153,000

4 Beds
3 Baths
2,015 Sq Ft
$1,907/Sq Ft Est. Value

Last Sold November 26, 2014

Last sale price $2,146,200 $1,065 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $22,906/month

34 Days on Market

Highlights

  • Primary Bedroom Suite
  • Craftsman Architecture
  • High Ceiling
  • Duveneck Elementary School Rated A+
  • Wood Flooring
  • Breakfast Area or Nook

About This Home

As of November 2014

Exquisitely designed Contemporary craftsman style home was newly expanded to 4 Bedrooms / 3 baths / 2,015 SqFt; spectacular kitchen with garden window, center island, and skylight; Brazilian Teak solid hardwood floor throughout; Professional landscaping and paver drive way; Many custom finishes & fine details make this home special! Top Palo Alto schools

Last Agent to Sell the Property

Karen Lin

RE/MAX Accord License #01892718 Listed on: 09/25/2014

RE/MAX Accord

Last Buyer's Agent

Ellen Zhu

Intero Real Estate Services License #01945702

Intero Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,321

Year Built

  • Built in 1948

Lot Details

  • Level Lot
  • Sprinklers on Timer
  • Zoning described as R1

Parking

  • 1 Car Garage

Home Design

  • Craftsman Architecture
  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 2,015 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Skylights
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Bay Window
  • Separate Family Room
  • Living Room with Fireplace

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • 3 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 003-42-054

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,321

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Craftsman, Contemporary
  • Age: 66
  • Sale Price Per Sq Ft: 1065.11
  • Listing Class: Residential
  • Structure Sq Ft: 2015
  • Incorporated: Yes
  • Map Book Page: 791
  • Map Side Coordinate: 4
  • Map Top Coordinate: C
  • Thomas Bros Page: 791
  • Thomas Brothers: C4
  • Year Built: 1948
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room, Gas Starter, Yes
  • Dining Room: Dining "L", Breakfast Nook
  • Kitchen: Dishwasher, Refrigerator, Oven Range
  • Living Sq Ft: 2015
  • Stories: 1
  • Bedrooms: Primary Suite / Retreat
  • Laundry: In Laundry Room
  • Flooring: Tile, Hardwood
  • Maximum Bathrooms: 3
  • Maximum Numberof Bedrooms: 4
  • Minimum Bathrooms: 3
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: Yes

Exterior Features

  • Pool Description: Pool - No
  • Roof: Composition
  • Yard/Grounds: Sprinklers - Auto
  • Exterior: Stucco

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1

Utilities

  • Cooling System: Central AC
  • Heating System: Gas
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Double Pane Windows(s), High Ceiling, Bay Window

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 003-42-054
  • List Price per Sq Ft: 1115.63
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6050.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6050.00
  • Lot Size Area Min Search: 6050.00
  • Maximum Lot Size: 6050.00
  • Map Book: Thomas Bros

Green Features

  • Energy Features: Double Pane Windows, Skylight, Skylight Tube(s)

Multi Family

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

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2016
Sold by
Lai Po Shen and Zhu Jingyan
Bought by
The Lai Zhu Trust and Zhu Jingyan
Current Estimated Value
$3,843,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 14, 2015
Sold by
Lai Po Shen and Zhu Jingyan
Bought by
The Lai Zhu Trust and Zhu Jingyan

Purchase Details

Closed on
May 15, 2015
Sold by
Lai Po Shen and Zhu Jingyan
Bought by
Lai Po Shen and Zhu Jingyan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$994,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 25, 2014
Closed on
Nov 19, 2014
Sold by
Goldsilverisland Capital Llc
Bought by
Lai Po Shen and Zhu Jingyan
Seller's Agent
Karen Lin
RE/MAX Accord
Buyer's Agent
Ellen Zhu
Intero Real Estate Services
List Price
$2,338,000
Sold Price
$2,146,200
Premium/Discount to List
-$191,800
-8.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$1,190,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 4, 2013
Closed on
Sep 23, 2013
Sold by
Corcoran Diane and Isonio Lawrence
Bought by
Goldsilverisland Capital Llc
Seller's Agent
Sunny Brandt
David Lyng Real Estate
Buyer's Agent
Sunny Brandt
David Lyng Real Estate
List Price
$995,000
Sold Price
$1,230,000
Premium/Discount to List
$235,000
23.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
60.93%

Purchase Details

Closed on
Feb 21, 2013
Sold by
Corcoran Diane
Bought by
Corcoran Diane and Isonio Lawrence

Purchase Details

Closed on
May 9, 2007
Sold by
Isonio Joseph and Isonio Julie M
Bought by
The Julie M & Joseph Isonio Trust

Purchase Details

Closed on
May 15, 2006
Sold by
Lai Po Shen and Zhu Jingyan
Bought by
Lai Po Shen and Zhu Jingyan
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
The Lai Zhu Trust -- Old Republic Title Company
The Lai Zhu Trust -- Old Republic Title Company
Lai Po Shen -- Old Republic Title Company
Lai Po Shen $2,146,500 Chicago Title Company
Goldsilverisland Capital Llc -- First American Title Company
Corcoran Diane -- None Available
The Julie M & Joseph Isonio Trust -- None Available
Lai Po Shen -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lai Po Shen $994,000
Closed Lai Po Shen $1,190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2014 11/26/14 Sold $2,146,200 -4.5% $1,065 / Sq Ft
10/29/2014 10/29/14 Pending -- -- --
10/17/2014 10/17/14 Price Changed $2,248,000 -3.8% $1,116 / Sq Ft
09/25/2014 09/25/14 For Sale $2,338,000 +90.1% $1,160 / Sq Ft
09/26/2013 09/26/13 Sold $1,230,000 +23.6% $1,104 / Sq Ft
09/20/2013 09/20/13 Pending -- -- --
09/04/2013 09/04/13 For Sale $995,000 -- $893 / 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 $31,321 $2,632,042 $2,283,512 $348,530
2024 $31,321 $2,580,435 $2,238,738 $341,697
2023 $30,861 $2,529,840 $2,194,842 $334,998
2022 $30,504 $2,480,236 $2,151,806 $328,430
2021 $29,904 $2,431,605 $2,109,614 $321,991
2020 $29,286 $2,406,673 $2,087,983 $318,690
2019 $28,964 $2,359,485 $2,047,043 $312,442
2018 $28,168 $2,313,221 $2,006,905 $306,316
2017 $27,674 $2,267,864 $1,967,554 $300,310
2016 $26,869 $2,223,397 $1,928,975 $294,422
2015 $26,606 $2,190,000 $1,900,000 $290,000
2014 $15,303 $1,230,000 $1,223,000 $7,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81435151

MLSListings

APN: 003-42-054