$3,820,000
SOLD MAY 10, 2023
3 Beds
3 Baths
2,069 Sq Ft
10,129 Sq Ft Lot

Recently Sold

$1,846 Per Sq Ft

9% Above List Price

8 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Wood Flooring
  • Corner Lot
  • Duveneck Elementary School Rated A+
  • 2 Fireplaces
  • Ground Level Unit

About This Home

As of May 2024

Lois Lane is an incredibly rare and unique opportunity to invest on a corner lot sitting on a partial cul-de-sac in a highly desirable neighborhood of Palo Alto. This property is a developer's dream, as it offers an excellent opportunity to reimagine the space and create a one-of-a-kind home. With 2,069sqft to work with, there's ample room to expand and customize to your liking. This rare corner lot sits almost 10,130sqft as the largest of its immediate neighbors and offers endless potential for redevelopment. Similar sized properties one street over value at $6M-$7M+ redeveloped. The property has been owned by the same family since it was built in 1950. This is the first time 136 Lois Lane has gone to market. As you step inside the main entrance to a tiled great room with a front fireplace and attached galley kitchen with original tile. The kitchen leads to the three bedrooms and a full bath. To the right is a large bay window that shines natural afternoon light into the formal living room with an extension to the side that can be used as an office, play room, or area for instruments. An expansive backyard that is like a blank slate. A lot of space for family, pets, and entertaining. Welcome to a world of possibilities with 136 Lois Lane. Don't miss out on this limited opportunity to create your dream home. Contact us today to schedule a viewing and see the potential for yourself.

Last Agent to Sell the Property

Shea Wigton

Real Broker License #02113775 Listed on: 04/11/2023

Real Broker

Co-Listed By

Tomik Dermagerdichian

Real Broker License #01978947

Last Buyer's Agent

Shea Wigton

Real Broker License #02113775 Listed on: 04/11/2023

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,365

Year Built

  • Built in 1951

Lot Details

  • 10,129 Sq Ft Lot
  • Lot Dimensions are 90x100
  • Cul-De-Sac
  • West Facing Home
  • Wood Fence
  • Corner Lot
  • Lawn
  • Back and Front Yard
  • Value in Land
  • Property is zoned R1

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Midcentury Modern Architecture
  • Fixer Upper
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,069 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Bay Window
  • Great Room
  • Family Room
  • Den

Kitchen

  • Galley Kitchen
  • Open to Family Room
  • <<OvenToken>>
  • Electric Cooktop
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Stone
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • <<tubWithShowerToken>>

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Brick Porch or Patio

Location

  • Ground Level Unit
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Water Heater
  • Sewer in Street
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 003-38-044

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,365

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Levels: Ground Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level - no steps
  • Living Area: 2069
  • Lot Acreage: 0.2325
  • Lot Dimensions: 90x100
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Fixer, Value Mainly In Land
  • Stories: 1
  • Year Built: 1951
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Detached/No Common Walls, Recessed Lighting
  • Fireplace Rooms: Gas and Wood, Wood Burning
  • Flooring: Ceramic Tile, Carpet, Stone Tile, Hardwood, Laminate
  • Appliances: Cooktop - Electric, Oven
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub, Shower Stall, Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Living Room
  • Kitchen Features: Galley Kitchen, Tile Counters, Open to Family Room
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Range/Oven, Washer, Dryer
  • Fireplace: Yes
  • Price Per S Q F T: 1691.16
  • Windows: Bay Window

Exterior Features

  • Direction Faces: West
  • Construction: Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Fence: Wood
  • Patio: Concrete Slab, Brick
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage Is Attached, Driveway - Concrete
  • Total Parking: 2

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Garage
  • Water Heater: Water Heater Unit
  • Cooling: Central
  • Heating: Central
  • Sewer: In Street
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Seismic Hazard, Flood
  • Horses: No
  • Assessor Parcel Number: 003-38-044
  • Lot Description: Back Yard, Front Yard, Yard, Value In Land, Lawn, Street Concrete
  • Lot Location: City, Cul-De-Sac, Corner Lot
  • Lot Size Area: 10129

Rental Info

  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
May 14, 2024
Sold by
Eva Luxury Homes Llc
Bought by
Dais Living Trust and Xiong
Seller's Agent
vahid firouzdor
Coldwell Banker Realty
Buyer's Agent
Annie Zhou
Compass
List Price
$6,888,888
Sold Price
$7,450,000
Premium/Discount to List
$561,112
8.15%
Views
22
Current Estimated Value
$7,065,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$384,247
Avg. Annual Appreciation
-4.54%

Purchase Details

Closed on
Oct 5, 2023
Sold by
Firouzdor Vahid and Firouzdor Elham
Bought by
Eva Luxury Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,200,000
Interest Rate
7.18%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 11, 2023
Closed on
Apr 21, 2023
Sold by
Scott A Hobson Living Trust
Bought by
Firouzdor Vahid and Nejati Main
Seller's Agent
Shea Wigton
Real Broker
Buyer's Agent
Shea Wigton
Real Broker
List Price
$3,499,000
Sold Price
$3,820,000
Premium/Discount to List
$321,000
9.17%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.59%
Original Mortgage
$1,800,000
Interest Rate
6.32%

Purchase Details

Listed on
Apr 11, 2023
Closed on
Mar 24, 2023
Sold by
Eleanor M Hobson 2010 Revocable Trust
Bought by
Scott A Hobson Living Trust
Seller's Agent
Shea Wigton
Real Broker
Buyer's Agent
Shea Wigton
Real Broker
List Price
$3,499,000
Sold Price
$3,820,000
Premium/Discount to List
$321,000
9.17%
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
6.32%

Purchase Details

Closed on
Dec 27, 2021
Sold by
Moseley Hobson Eleanor
Bought by
Eleanor M Hobson 2010 Revocable Trust

Purchase Details

Closed on
Jun 4, 2010
Sold by
Hobson Eleanor M
Bought by
Hobson Eleanor M
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 $7,450,000 Fidelity National Title Compan
Grant Deed -- Orange Coast Title
Grant Deed $3,820,000 Fidelity National Title Compan
Quit Claim Deed -- --
Deed -- --
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,200,000 Construction
Previous Owner $1,800,000 No Value Available
Previous Owner $2,483,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2024 05/23/24 Sold $7,450,000 +8.1% $1,834 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $6,888,888 +80.3% $1,696 / Sq Ft
05/10/2023 05/10/23 Sold $3,820,000 +9.2% $1,846 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $3,499,000 -- $1,691 / Sq Ft
Source: The MLS

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
2024 $53,365 $4,525,000 $3,672,000 $853,000
2023 $36,740 $3,100,800 $2,907,000 $193,800
2022 $36,407 $4,040,000 $3,850,000 $190,000
2021 $1,654 $135,692 $49,699 $85,993
2020 $1,720 $134,302 $49,190 $85,112
2019 $1,601 $131,670 $48,226 $83,444
2018 $1,569 $129,089 $47,281 $81,808
2017 $1,540 $126,558 $46,354 $80,204
2016 $1,487 $124,078 $45,446 $78,632
2015 $1,472 $122,215 $44,764 $77,451
2014 $1,449 $119,822 $43,888 $75,934
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-257667

The MLS

APN: 003-38-044