NOT LISTED FOR SALE

Estimated Value: $6,918,000 - $8,784,000

4 Beds
3.5 Baths
3,131 Sq Ft
$2,432/Sq Ft Est. Value

Last Sold June 12, 2019

Last sale price $7,300,000 $2,332 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $49,307/month

93 Days on Market

Highlights

  • 2 Car Detached Garage
  • Central Air
  • 1-Story Property
  • Duveneck Elementary School Rated A+
  • Combination Dining and Living Room

About This Home

As of June 2019

Prime location and rare spectacular home on oversized 15,155sf lot. One level, low maintenance, soaring ceilings,radiant heat ,grand open spaces,huge expanse of windows-California living at it's best.Spectacular chef kitchen,Caesar stone counter tops, glass door to side patio,and top-of-the-line stainless steel appliances.Open concept great room with beautiful garden vistas from every window,masterfully designed entertainment center-home lighting and sound system,iron doors leading to the enchanting patios and yards.Luxurious master suite includes doors to the rear yard,dual walk-in closets,stunning bathroom.Surrounding the home are manicured gardens, steel sculptures,lineal gas fireplace, private entertaining spaces, stunning trees and vistas with estate properties, 3733 total inclusive sq ft. Oversized 2-car garage plus on site parking. Guest house ADU conversion possibility.Precision top construction, custom built in 2008.Close to Stanford,downtown PA, HWY 101,Excellent schools.

Last Agent to Sell the Property

Judy Citron

Compass License #01825569 Listed on: 02/28/2019

Compass

Last Buyer's Agent

Terri Kerwin

Kerwin & Associates License #01181550

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $94,772

Year Built

  • Built in 2008

Lot Details

  • 0.35 Acre Lot
  • Zoning described as R1929

Parking

  • 2 Car Detached Garage

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 3,131 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Central Air
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 003-08-032

Home Details

Home Type

Single Family

Est. Annual Taxes

$94,772

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 11
  • Listing Class: Residential
  • Structure Sq Ft: 3131
  • Year Built: 2008
  • Zoning Description: R1929
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area in Living Room
  • Living Sq Ft: 3131
  • Stories: 1
  • Laundry: Inside
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Central AC
  • Heating System: Radiant
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 003-08-032
  • Lot Acres: 0.3506
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 15274.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 15274.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2019
Closed on
Jun 7, 2019
Sold by
Vargas Family Living Trust
Bought by
Uie Llc
Seller's Agent
Judy Citron
Compass
Buyer's Agent
Terri Kerwin
Kerwin & Associates
List Price
$7,649,000
Sold Price
$7,300,000
Premium/Discount to List
-$349,000
-4.56%
Current Estimated Value
$7,614,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,494
Avg. Annual Appreciation
0.68%

Purchase Details

Closed on
Dec 1, 2011
Sold by
Vargas David L and Vargas Jennifer H
Bought by
Vargas David L and Vargas Jennifer H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,550,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2008
Sold by
Vargas David L and Vargas Jennifer H
Bought by
Vargas David L and Vargas Jennifer H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,650,000
Interest Rate
6.07%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 25, 2007
Sold by
Slabaugh Virginia Janyne Mcleod
Bought by
Vargas David L and Vargas Jennifer H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,157
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Uie Llc $7,300,000 Lawyers Title Company
Vargas David L -- Old Republic Title Company
Vargas David L -- First American Title Company
Vargas David L $2,400,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uie Llc $5,110,000
Previous Owner Vargas David L $2,580,000
Previous Owner Vargas David L $250,000
Previous Owner Vargas David L $2,580,000
Previous Owner Vargas David L $2,550,000
Previous Owner Vargas David L $2,650,000
Previous Owner Vargas David L $250,000
Previous Owner Vargas David L $1,800,157
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2019 06/12/19 Sold $7,300,000 -2.0% $2,332 / Sq Ft
06/02/2019 06/02/19 Pending -- -- --
05/16/2019 05/16/19 Price Changed $7,449,000 -2.6% $2,379 / Sq Ft
02/28/2019 02/28/19 For Sale $7,649,000 -- $2,443 / 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 $94,772 $8,143,285 $6,135,353 $2,007,932
2024 $94,772 $7,983,613 $6,015,052 $1,968,561
2023 $93,388 $7,827,072 $5,897,110 $1,929,962
2022 $92,330 $7,673,601 $5,781,481 $1,892,120
2021 $90,515 $7,523,139 $5,668,119 $1,855,020
2020 $88,608 $7,446,000 $5,610,000 $1,836,000
2019 $50,604 $4,181,471 $2,882,765 $1,298,706
2018 $49,198 $4,099,483 $2,826,241 $1,273,242
2017 $48,337 $4,019,102 $2,770,825 $1,248,277
2016 $47,076 $3,940,297 $2,716,496 $1,223,801
2015 $46,625 $3,881,111 $2,675,692 $1,205,419
2014 $45,768 $3,805,086 $2,623,279 $1,181,807
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81740673

MLSListings

APN: 003-08-032