NOT LISTED FOR SALE

Estimated Value: $2,203,000 - $2,903,000

2 Beds
1 Bath
897 Sq Ft
$2,832/Sq Ft Est. Value

Last Sold March 05, 2019

Last sale price $1,800,000 $2,007 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $15,827/month

10 Days on Market

Highlights

  • Wine Cellar
  • Post and Beam
  • Neighborhood Views
  • Addison Elementary School Rated A+
  • Wood Flooring
  • Breakfast Area or Nook

About This Home

As of March 2019

Endless Possibilities in Prestigious Palo Alto. Located near Downtown Palo Alto, this charming 2 bedroom home rests on a 4,361 square foot lot (per city) and offers a unique opportunity to rebuild your dream home with preliminary plans drafted by famous Tobin Dougherty Architects. A private wooden fence surrounds this Craftsman home, complemented by blooming rose bushes, redwood trees, a putting green, and a wisteria-covered pergola thats perfect for alfresco dining and entertaining. The arched entryway and beautiful bay window frame the spacious living room, while two sun-lit bedrooms and a vintage eat-in kitchen await beyond. In this excellent location, youll be moments away from award-winning restaurants along University Avenue, Stanford Shopping Center, San Francisquito Creek Trail, city parks, and world-class schools.

Last Agent to Sell the Property

Michael Repka

Deleon Realty License #70010006 Listed on: 01/23/2019

Last Buyer's Agent

Katy Thielke Straser

Compass License #01308970

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,136

Year Built

  • Built in 1924

Lot Details

  • 4,360 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Wood Fence
  • Level Lot
  • Back Yard
  • Zoning described as R1

Home Design

  • Post and Beam
  • Cottage
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 897 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Garden Windows
  • Wine Cellar
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Neighborhood Views
  • Unfinished Basement
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Freezer
  • Ice Maker
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Bathtub with Shower
  • Bathtub Includes Tile Surround

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • No Garage
  • On-Street Parking
  • Uncovered Parking

Outdoor Features

  • Shed

Utilities

  • Floor Furnace
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Thermostat
  • Separate Meters
  • Individual Gas Meter
  • Sewer Connection Less Than 500 Feet Away
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 120-01-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,136

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage
  • Age: 95
  • Listing Class: Residential
  • Structure Sq Ft: 897
  • Year Built: 1924
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Breakfast Nook, Eat in Kitchen, No Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Tile, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Ice Maker, Oven - Gas, Oven Range - Gas, Pantry, Refrigerator
  • Living Sq Ft: 897
  • Stories: 1
  • Bedrooms: Ground Floor Bedroom, Primary Bedroom on Ground Floor, More than One Bedroom on Ground Floor
  • Laundry: Dryer, Electricity Hookup (110V), Electricity Hookup (220V), Outside, Washer
  • Flooring: Hardwood
  • Additional Rooms: Basement - Unfinished, Wine Cellar / Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Full on Ground Floor, Shower over Tub - 1, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Perimeter and Slab, Crawl Space, Post and Beam
  • Roof: Tar and Gravel
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Fenced, Storage Shed / Structure
  • Fencing: Complete Perimeter, Gate, Mixed Height / Type, Wood
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: No Garage, On Street, Uncovered Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Floor Furnace, Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected, Sewer Connections - LESS than 500 feet away

Association/Amenities

  • Amenities Miscellaneous: Garden Window

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 120-01-004
  • Lot Acres: 0.1001
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4361.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4361.00

Green Features

  • Energy Features: Double Pane Windows, Thermostat Controller

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Addison Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Frank S. Greene Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2019
Closed on
Feb 15, 2019
Sold by
Dusane Nilesh and Dusane Priti
Bought by
Lam Ai To
Seller's Agent
Michael Repka
Deleon Realty
Buyer's Agent
Katy Thielke Straser
Compass
List Price
$1,988,000
Sold Price
$1,800,000
Premium/Discount to List
-$188,000
-9.46%
Current Estimated Value
$2,540,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$740,630
Avg. Annual Appreciation
5.46%
Original Mortgage
$1,440,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 22, 2008
Sold by
Daniels Mary Anne
Bought by
Dusane Nilesh and Dusane Priti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$674,250
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2006
Sold by
Daniels Mary Anne
Bought by
Daniels Mary Anne

Purchase Details

Closed on
Apr 8, 2004
Sold by
Owens Bradley Jay and Joshi Alka
Bought by
Daniels Mary Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 1997
Sold by
Joshi Alka & Owens Bradley Jay
Bought by
Owens Bradley Jay and Joshi Alka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,200
Interest Rate
8.25%

Purchase Details

Closed on
May 16, 1995
Sold by
Sipprell Karen and Marsh Ronald Rex
Bought by
Joshi Alka and Owens Bradley Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,600
Interest Rate
5.87%
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
Lam Ai To $1,800,000 Chicago Title Co
Dusane Nilesh -- Chicago Title Company
Daniels Mary Anne -- None Available
Daniels Mary Anne -- Chicago Title
Owens Bradley Jay -- Santa Clara Land Title Co
Joshi Alka $314,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Ai To $1,341,000
Closed Lam Ai To $1,440,000
Previous Owner Dusane Nllesh $1,500,000
Previous Owner Dusane Nilesh $1,500,000
Previous Owner Dusane Nilesh $610,000
Previous Owner Dusane Nilesh $675,000
Previous Owner Dusane Nilesh $674,250
Previous Owner Daniels Mary Anne $568,000
Previous Owner Owens Bradley Jay $275,000
Previous Owner Owens Bradley Jay $275,000
Previous Owner Joshi Alka $275,000
Previous Owner Owens Bradley Jay $276,500
Previous Owner Owens Bradley Jay $277,200
Previous Owner Joshi Alka $282,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2019 03/05/19 Sold $1,800,000 -9.5% $2,007 / Sq Ft
02/03/2019 02/03/19 Pending -- -- --
01/23/2019 01/23/19 For Sale $1,988,000 -- $2,216 / 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 $24,136 $2,007,930 $1,952,156 $55,774
2024 $24,136 $1,968,560 $1,913,879 $54,681
2023 $23,780 $1,929,961 $1,876,352 $53,609
2022 $23,503 $1,892,119 $1,839,561 $52,558
2021 $23,040 $1,855,020 $1,803,492 $51,528
2020 $22,569 $1,836,000 $1,785,000 $51,000
2019 $13,266 $1,037,807 $981,245 $56,562
2018 $12,914 $1,017,458 $962,005 $55,453
2017 $12,686 $997,509 $943,143 $54,366
2016 $12,351 $977,950 $924,650 $53,300
2015 $12,227 $963,261 $910,761 $52,500
2014 $11,925 $944,393 $892,921 $51,472
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81736189

MLSListings

APN: 120-01-004