NOT LISTED FOR SALE

1516 Ursula Way East Palo Alto, CA 94303

Estimated Value: $1,116,000 - $1,142,000

3 Beds
2 Baths
1,150 Sq Ft
$982/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $1,180,000 $1,026 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $7,345/month

83 Days on Market

Highlights

  • Primary Bedroom Suite
  • City Lights View
  • High Ceiling
  • Menlo-Atherton High School Rated A
  • Marble Bathroom Countertops
  • Open to Family Room

About This Home

As of October 2021

OPEN HOUSE THIS WEEKEND - $100,000 Price reduction. Permitted ADU! This MUST SEE beautiful three bedroom two bath home in the heart of East Palo Alto has a brand new accessory dwelling unit (ADU) that was just finalized in Nov 2020. The secondary dwelling unit is almost 500 square of lawful additional living space. Everything is brand new...the kitchen with stainless steel appliances, the bathroom with its frameless glass shower doors, brand new fixtures to match. An open family room with two bedrooms with high ceilings and concrete polished floors throughout. Enjoy living in the main house which is just minutes away from Stanford University, shops, restaurants, public transportation and all the giant social media companies such as Facebook, Amazon, Google, HP, IBM, Cisco, and all the major freeways to SFO, SJO, OAK, SF. Rent out ADU or use it as an office, up to you. Knowing that ADU was completed with permits is priceless!!

Last Agent to Sell the Property

Harry Firestone

C. Harry Firestone, Jr., Broker License #00975607 Listed on: 06/11/2021

Last Buyer's Agent

Jaime Gonzalez

Gonzalez Properties License #01126649

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,289

Year Built

  • 1956

Lot Details

  • 5,062 Sq Ft Lot
  • Wood Fence
  • Back Yard Fenced
  • Grass Covered Lot

Parking

  • 2 Car Garage
  • Off-Street Parking

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,150 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Family Room with Fireplace
  • Family or Dining Combination
  • Crawl Space
  • Attic Fan

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher
  • ENERGY STAR Qualified Appliances

Flooring

  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Marble Bathroom Countertops
  • Solid Surface Bathroom Countertops
  • Granite Bathroom Countertops
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in Garage
  • Washer and Dryer

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Insulation
  • ENERGY STAR/CFL/LED Lights

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Thermostat
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter
  • Tankless Water Heater

Additional Features

  • Barbecue Area
  • 498 SF Accessory Dwelling Unit

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,289

Year Built

1956

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10006
  • Subclass: Single Family Home
  • Age: 65
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 498
  • Structure Sq Ft: 1150
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1956

Interior Features

  • Family Room: Kitchen / Family Room Combo, Separate Family Room
  • Fireplace: Family Room
  • Dining Room: Dining Area In Family Room, Eat In Kitchen, No Formal Dining Room
  • Kitchen: 220 Volt Outlet, Dishwasher, Oven Range, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1150
  • Stories: 1
  • Bedrooms: Primary Suite / Retreat
  • Laundry: Dryer, Electricity Hookup (220V), Gas Hookup, In Garage, Washer, Washer / Dryer
  • Flooring: Concrete, Tile
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Granite, Marble, Primary - Stall Shower(s), Shower And Tub, Solid Surface, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Sealed Crawlspace
  • Roof: Composition
  • View: City Lights, Neighborhood
  • Yard/Grounds: Bbq Area, Fenced, Low Maintenance
  • Fencing: Fenced, Fenced Back, Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air, Fireplace, Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1162
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5060.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5060.00

Green Features

  • Energy Features: Attic Fan, Double Pane Windows, Energy Star Appliances, Energy Star Hvac, Energy Star Lighting, Insulation - Per Owner, Tankless Water Heater, Thermostat Controller

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Second Unit Description: ADU with Permit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Sep 17, 2021
Sold by
Rodriguez Celestino Cesar Velasquez
Bought by
Vasquez Eliana Verenis Lopez and Hernandez Ricardo Lopez
Seller's Agent
Harry Firestone
C. Harry Firestone, Jr., Broker
Buyer's Agent
Jaime Gonzalez
Gonzalez Properties
List Price
$1,299,999
Sold Price
$1,180,000
Premium/Discount to List
-$119,999
-9.23%
Current Estimated Value
$1,129,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,497
Avg. Annual Appreciation
-2.65%
Original Mortgage
$239,000
Outstanding Balance
$218,889
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Estimated Equity
$846,224

Purchase Details

Closed on
Jul 31, 2019
Sold by
Velazquez Mayra Asucena
Bought by
Rodriguez Celestino Cesar Velazquez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2019
Sold by
Derylo Michael
Bought by
Rodriguez Celestino Cesar Velazquez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2008
Sold by
Deutsche Bank Trust Co Americas
Bought by
Derylo Michael

Purchase Details

Closed on
Aug 10, 2007
Sold by
Granger Rosalyn
Bought by
Deutsche Bank Trust Co Americas

Purchase Details

Closed on
Feb 8, 2005
Sold by
Granger Forrest
Bought by
Granger Rosalyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2004
Sold by
Johnson Wilma M
Bought by
Granger Forrest and Granger Rosalyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
6.27%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 10, 1997
Sold by
Forrest Granger and Forrest J
Bought by
Granger Forrest J and Granger Forrest
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
Vasquez Eliana Verenis Lopez $1,180,000 North American Title Co Inc
Rodriguez Celestino Cesar Velazquez -- Lawyers Title Company
Rodriguez Celestino Cesar Velazquez $625,000 Lawyers Title Company
Derylo Michael $223,000 First American Title Co
Deutsche Bank Trust Co Americas $504,519 First American Title Co
Granger Rosalyn -- Alliance Title Company
Granger Forrest -- Alliance Title
Granger Forrest J -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vasquez Eliana Verenis Lopez $239,000
Open Vasquez Eliana Verenis Lopez $822,375
Previous Owner Rodriguez Celestino Cesar Velazquez $280,000
Previous Owner Rodriguez Celestino Cesar Velazquez $500,000
Previous Owner Derylo Michael $217,500
Previous Owner Granger Rosalyn $460,000
Previous Owner Granger Rosalyn $355,000
Previous Owner Granger Rosalyn $285,000
Previous Owner Granger Rosalyn $200,000
Previous Owner Granger Forrest $122,000
Previous Owner Johnson Wilma M $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $1,180,000 -1.7% $1,026 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
06/28/2021 06/28/21 Price Changed $1,199,999 -7.7% $1,043 / Sq Ft
06/11/2021 06/11/21 For Sale $1,299,999 -- $1,130 / 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 $14,289 $1,150,000 $623,500 $526,500
2023 $14,289 $1,080,000 $586,000 $494,000
2022 $14,393 $1,180,000 $640,000 $540,000
2021 $12,549 $1,014,702 $626,423 $388,279
2020 $10,585 $840,000 $620,000 $220,000
2019 $4,308 $257,422 $173,156 $84,266
2018 $4,212 $252,375 $169,761 $82,614
2017 $4,071 $247,428 $166,433 $80,995
2016 $4,076 $242,577 $163,170 $79,407
2015 $4,030 $238,935 $160,720 $78,215
2014 $3,950 $234,255 $157,572 $76,683
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81848464

MLSListings

APN: 063-102-170