NOT LISTED FOR SALE

1429 Emerson St Palo Alto, CA 94301

Old Palo Alto Neighborhood

Estimated Value: $7,656,922 - $8,452,000

5 Beds
3.5 Baths
4,250 Sq Ft
$1,888/Sq Ft Est. Value

Last Sold September 12, 2019

Last sale price $6,500,000 $1,529 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $50,293/month

142 Days on Market

Highlights

  • Art Studio
  • Heated Pool
  • Skyline View
  • Walter Hays Elementary Rated A+
  • Primary Bedroom Suite
  • Vaulted Ceiling

About This Home

As of September 2019

Best Value in prestigious Old Palo Alto. This fantastic home features 5 bedrooms, including a spacious first floor bedroom and 3.5 baths. Custom built in 2001 and extensively updated in 2018, the structures include a total of 5,068 SF (buyer to verify), including the main home (4,253 SF), plus a separate office (120 SF), pool-side bar and bath (120 SF) and garage (575 SF) on a lot of approximately 10,000 SF. French doors in the great room and dining room lead to the magnificent backyard for optimal indoor/outdoor living. The home was featured on the Gamble garden tour and offers a magical setting for entertaining and family gathering with a variety of venues: numerous blue-stone terraces, a patio with a built-in barbecue, a heated pool and spa with a nearby wet bar and shower - all adding to the feel of an exclusive resort. In close proximity to Stanford University, vibrant downtown, shopping, Hwys and top ranked PA Schools.

Last Agent to Sell the Property

Samia Cullen

Compass License #01180821 Listed on: 03/14/2019

Compass

Last Buyer's Agent

Michael Repka

Deleon Realty License #70010006

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $82,860

Year Built

  • Built in 2001

Lot Details

  • 10,001 Sq Ft Lot
  • Gated Home
  • Wood Fence
  • Sprinklers on Timer
  • Zoning described as R1B1

Parking

  • 2 Car Garage
  • Electric Gate

Property Views

  • Skyline
  • Neighborhood

Home Design

  • French Architecture
  • Slate Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,250 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Skylights
  • Formal Entry
  • Great Room
  • Separate Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Art Studio
  • Finished Basement
  • Crawl Space
  • Laundry in unit

Kitchen

  • Built-In Self-Cleaning Oven
  • Gas Cooktop
  • Range Hood
  • Warming Drawer
  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Travertine

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathroom on Main Level
  • Dual Sinks
  • Bathtub Includes Tile Surround
  • Steam Shower
  • Walk-in Shower

Pool

  • Heated Pool
  • Spa
  • Pool Cover

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 124-16-029

Home Details

Home Type

Single Family

Est. Annual Taxes

$82,860

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: French
  • Age: 18
  • Listing Class: Residential
  • Structure Sq Ft: 4250
  • Year Built: 2001
  • Zoning Description: R1B1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Stone, Dishwasher, Exhaust Fan, Hood Over Range, Oven - Built-In, Oven - Self Cleaning, Refrigerator, Warming Drawer
  • Living Sq Ft: 4250
  • Stories: 3
  • Bedrooms: Primary Suite / Retreat, Walk-in Closet
  • Laundry: Inside
  • Flooring: Carpet, Hardwood, Tile, Travertine
  • Additional Rooms: Artist Studio, Basement - Finished, Formal Entry, Great Room, Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Full on Ground Floor, Primary - Stall Shower(s), Skylight, Stall Shower - 2+, Steam Shower, Tile, Tub in Primary Bedroom, Tubs - 2+, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Pool Description: Pool - Cover, Pool - Heated, Spa - Gas
  • Roof: Slate
  • View: Neighborhood
  • Yard/Grounds: Balcony / Patio, BBQ Area, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Pool: Yes
  • Fencing: Gate, Wood
  • Construction Type: Stucco

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Electric Gate

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Vaulted Ceiling, Walk-in Closet, Wet Bar

Schools

  • School District: Palo Alto Unified
  • Elementary School: Walter Hays Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 315
  • Middle School: 329

Lot Info

  • Parcel Number: 124-16-029
  • Lot Acres: 0.2296
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10000.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Walter Hays 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
Mar 14, 2019
Closed on
Sep 9, 2019
Sold by
Vernal Dale Valerie
Bought by
Vernal Andrew
Seller's Agent
Samia Cullen
Compass
Buyer's Agent
Michael Repka
Deleon Realty
List Price
$7,998,000
Sold Price
$6,500,000
Premium/Discount to List
-$1,498,000
-18.73%
Current Estimated Value
$8,024,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,524,981
Avg. Annual Appreciation
3.60%
Original Mortgage
$4,550,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 14, 2019
Closed on
Sep 6, 2019
Sold by
King Leif B and King Ivonne M
Bought by
Vernal Michael and The Msv Living Trust
Seller's Agent
Samia Cullen
Compass
Buyer's Agent
Michael Repka
Deleon Realty
List Price
$7,998,000
Sold Price
$6,500,000
Premium/Discount to List
-$1,498,000
-18.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,550,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 26, 2007
Sold by
Stotlar Douglas W and Stotlar Julie A
Bought by
King Leif B and King Ivonne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,943,750
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2005
Sold by
Brunett Dale and Brunett Karen
Bought by
Stotlar Douglas W and Stotlar Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2001
Sold by
Brunett L Dale and Brunett Karen E
Bought by
Brunett Dale and Brunett Karen

Purchase Details

Closed on
Apr 19, 1999
Sold by
Lidgate Anthony W and Lidgate Pauline K
Bought by
Brunett L Dale and Brunette Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
3.95%
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
Vernal Andrew -- Chicago Title Company
Vernal Michael $6,500,000 Chicago Title Company
King Leif B -- Old Republic Title Company
Stotlar Douglas W -- First American Title Company
Brunett Dale -- --
Brunett L Dale $1,400,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vernal Michael $4,400,000
Previous Owner Vernal Michael $4,550,000
Previous Owner King Leif B $2,000,000
Previous Owner King Leif B $1,000,000
Previous Owner King Leif B $620,000
Previous Owner King Leif B $1,020,000
Previous Owner King Leif B $400,000
Previous Owner King Leif B $500,000
Previous Owner King Leif B $2,000,000
Previous Owner King Leif B $2,246,000
Previous Owner King Leif B $500,000
Previous Owner King Leif B $2,943,750
Previous Owner Stotlar Douglas W $2,500,000
Previous Owner Brunett Dale $1,467,000
Previous Owner Brunett Dale $1,500,000
Previous Owner Brunett L Dale $700,000
Previous Owner Brunett L Dale $975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2019 09/12/19 Sold $6,500,000 -7.1% $1,529 / Sq Ft
08/04/2019 08/04/19 Pending -- -- --
06/30/2019 06/30/19 Price Changed $6,998,000 -5.3% $1,647 / Sq Ft
04/13/2019 04/13/19 Price Changed $7,388,000 -7.6% $1,738 / Sq Ft
03/14/2019 03/14/19 For Sale $7,998,000 -- $1,882 / 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 $82,860 $7,108,697 $6,015,052 $1,093,645
2024 $82,860 $6,969,311 $5,897,110 $1,072,201
2023 $81,650 $6,832,659 $5,781,481 $1,051,178
2022 $80,723 $6,698,686 $5,668,119 $1,030,567
2021 $79,136 $6,567,340 $5,556,980 $1,010,360
2020 $77,471 $6,500,000 $5,500,000 $1,000,000
2019 $56,847 $4,714,104 $3,002,616 $1,711,488
2018 $55,263 $4,621,672 $2,943,742 $1,677,930
2017 $54,294 $4,531,052 $2,886,022 $1,645,030
2016 $52,877 $4,442,209 $2,829,434 $1,612,775
2015 $52,370 $4,375,484 $2,786,934 $1,588,550
2014 $51,419 $4,289,775 $2,732,342 $1,557,433
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Samia Cullen

    Compass

    Section Image
  • Michael Repka

    Buyer's Agent in 2019

    Michael Repka

    Deleon Realty

    (650) 488-7325

    48 in this area

    780 Total Sales

    Michael Repka
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81742572

MLSListings

APN: 124-16-029

California Santa Clara County Palo Alto 94301 Old Palo Alto

1429 Emerson St, Palo Alto, CA

This home is located at 1429 Emerson St, Palo Alto, CA 94301 since 14 March 2019 and is currently estimated at $8,024,981, approximately $1,888 per square foot. This property was built in 2001. 1429 Emerson St is a home located in Santa Clara County with nearby schools including Walter Hays Elementary, Frank S. Greene Jr. Middle, and Palo Alto High School.

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