NOT LISTED FOR SALE

Estimated Value: $2,767,000 - $7,537,000

2 Beds
1 Bath
991 Sq Ft
$5,901/Sq Ft Est. Value

Last Sold March 11, 2016

Last sale price $1,885,000 $1,902 Per Sq Ft

Est. 210% increase in value since last sale

Current estimated payment $35,854/month

6 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Washer and Dryer
  • Walter Hays Elementary Rated A+
  • Ceiling Fan
  • Dining Area

About This Home

As of March 2016

Beautifully upgraded home desirable Southgate neighborhood at affordable price; Walking distance to Stanford University and Paly; 2 bed/1 bath home with 6,960 sq. ft. large lot size and a lot of space to expand; Many upgrades including Remodeled Kitchen with Upgraded cabinets; S/S Appliances and Granite Countertops, Hardwood Floors, Bose speakers, Crown Molding, and Plantation Shutters. Big back yard with nice landscaping for entertainment; Gated driveway to updated garage.

Last Agent to Sell the Property

William Chen

Faithful License #01863645 Listed on: 02/04/2016

Last Buyer's Agent

Brigid Van Randall

Redfin License #01139489

Redfin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $59,638

Year Built

  • Built in 1946

Lot Details

  • 6,970 Sq Ft Lot
  • Zoning described as R1

Parking

  • 1 Car Detached Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 991 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Dining Area
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Gas Cooktop
  • Range Hood
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 124-22-041

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,638

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Age: 70
  • Listing Class: Residential
  • Structure Sq Ft: 991
  • Incorporated: Yes
  • Year Built: 1946
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Dining Area
  • Kitchen: Cooktop - Gas, Garbage Disposal, Hood Over Range, Refrigerator
  • Living Sq Ft: 991
  • Stories: 1
  • Laundry: Hookup - Washer/Dryer, Washer / Dryer
  • Flooring: Hardwood, Tile
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Palo Alto Unified
  • Elementary School: Walter Hays Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 315
  • Middle School: 329

Lot Info

  • Parcel Number: 124-22-041
  • Lot Acres: 0.1600
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6960.89
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6960.89

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: David Starr Jordan Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2016
Closed on
Mar 2, 2016
Sold by
Liu Qiuhong
Bought by
Rao Shailesh and Rao Madhu
Seller's Agent
William Chen
Faithful
Buyer's Agent
Brigid Van Randall
Redfin
List Price
$1,680,000
Sold Price
$1,885,000
Premium/Discount to List
$205,000
12.2%
Current Estimated Value
$5,848,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,963,219
Avg. Annual Appreciation
12.22%
Original Mortgage
$1,089,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 24, 2015
Closed on
Jul 16, 2015
Sold by
Sun Hanqing
Bought by
Liu Qiuhong
Seller's Agent
Michael Repka
Deleon Realty
Buyer's Agent
William Chen
Faithful
List Price
$1,288,000
Sold Price
$1,680,000
Premium/Discount to List
$392,000
30.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.38%
Original Mortgage
$1,092,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 24, 2015
Closed on
Jul 15, 2015
Sold by
Dang Kyth N and Tran Mai
Bought by
Liu Qiuhong
Seller's Agent
Michael Repka
Deleon Realty
Buyer's Agent
William Chen
Faithful
List Price
$1,288,000
Sold Price
$1,680,000
Premium/Discount to List
$392,000
30.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,092,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 9, 2012
Sold by
Dang Kyth and Tran Mai
Bought by
Dang Kyth N and Tran Mai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,293
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2009
Sold by
Rao Sumana and Rao Ravi
Bought by
Dang Kyth and Tran Mai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
5.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2003
Sold by
Rao Ravi and Rao Sumana
Bought by
Rao Ravi and Rao Sumana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2003
Sold by
Mcnay Karen G
Bought by
Rao Ravi and Rao Sumana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
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
Rao Shailesh $1,885,000 First American Title Company
Liu Qiuhong -- Chicago Title Company
Liu Qiuhong $1,680,000 Chicago Title Company
Dang Kyth N -- None Available
Dang Kyth -- Chicago Title Company
Rao Ravi -- Chicago Title
Rao Ravi $700,000 Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rao Shailesh $1,000,000
Closed Rao Shailesh $1,089,000
Previous Owner Liu Qiuhong $1,092,000
Previous Owner Dang Kythe $304,293
Previous Owner Dang Kyth $625,500
Previous Owner Rao Sumana $787,350
Previous Owner Rao Ravi $150,000
Previous Owner Rao Ravi $75,000
Previous Owner Rao Ravi $630,000
Previous Owner Rao Sumana $630,000
Previous Owner Rao Ravi $630,000
Previous Owner Rao Ravi $560,000
Previous Owner Rao Ravi $490,000
Closed Rao Ravi $139,950
Closed Rao Ravi $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2016 03/11/16 Sold $1,885,000 +12.2% $1,902 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $1,680,000 0.0% $1,695 / Sq Ft
08/17/2015 08/17/15 Sold $1,680,000 +30.4% $1,695 / Sq Ft
07/11/2015 07/11/15 Pending -- -- --
06/24/2015 06/24/15 For Sale $1,288,000 -- $1,300 / 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 $59,638 $5,091,646 $2,231,457 $2,860,189
2024 $59,638 $4,991,810 $2,187,703 $2,804,107
2023 $58,766 $4,893,932 $2,144,807 $2,749,125
2022 $58,096 $4,797,973 $2,102,752 $2,695,221
2021 $56,954 $4,703,896 $2,061,522 $2,642,374
2020 $55,761 $4,655,664 $2,040,384 $2,615,280
2019 $41,011 $3,373,827 $2,000,377 $1,373,450
2018 $31,195 $2,570,304 $1,961,154 $609,150
2017 $23,602 $1,922,700 $1,730,430 $192,270
2016 $20,577 $1,679,750 $1,511,700 $168,050
2015 $12,631 $997,548 $980,407 $17,141
2014 $12,240 $978,009 $961,203 $16,806
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81549351

MLSListings

APN: 124-22-041