Landlord's Agent in 2025
Nikil Balakrishnan
Realty World Premier Properties
(408) 813-8001
1 in this area
9 Total Sales
1568 Mariposa Ave Palo Alto, CA 94306
Old Palo Alto Neighborhood
4
Beds
4
Baths
2,335
Sq Ft
$1,832
Price per Sq Ft
Highlights
- Wood Flooring
- 2 Fireplaces
- Eat-In Kitchen
- Walter Hays Elementary Rated A+
- Wine Refrigerator
- 5-minute walk to Peers Park
About This Home
As of June 2025Welcome to your dream rental home, a stunning 2500 sqft Mediterranean oasis that epitomizes indoor/outdoor California living. Situated in the heart of Palo Alto, this elegant residence offers unparalleled convenience and luxury. Home was heavily renovated in 2011. This home boasts 4 bedrooms and 3.5 bathrooms, providing ample space for family and guests. Enjoy both a separate living room and family room, perfect for entertaining or relaxing. The kitchen is a culinary dream with a powerful gas range, ideal for preparing gourmet meals. The second-floor sanctuary primary suite features a private balcony and can be used as an additional office, bedroom, or nursery. The spacious backyard is an entertainers paradise, complete with a hot tub and intimate lighting, perfect for evening gatherings. Just a short walk to Downtown Palo Alto and California Avenue, offering a variety of shops, restaurants, and entertainment options. Close to major tech companies, excellent schools, parks, and public transportation. Don't miss this rare opportunity to live in a quintessential California home with all the modern amenities and a prime location. Rent: $12,000/month with a $12,000 deposit. Rental period is minimum 12 months starting 7AUG2025.
Last Agent to Rent the Property
Realty World Premier Properties License #01989487 Listed on: 05/01/2025
Last Renter's Agent
Realty World Premier Properties License #01989487 Listed on: 05/01/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $30,727
Year Built
- 2011
Lot Details
- 5,998 Sq Ft Lot
Parking
- 3 Parking Spaces
Interior Spaces
- 2,335 Sq Ft Home
- 2-Story Property
- 2 Fireplaces
- Separate Family Room
- Wood Flooring
- Washer and Dryer
Kitchen
- Eat-In Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Dishwasher
- Wine Refrigerator
- Kitchen Island
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Listing and Financial Details
- Security Deposit $12,000
- Property Available on 8/7/25
- Rent includes gardener
- 12-Month Minimum Lease Term
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 26, 2011
Sold by
Lazar Joanne H
Bought by
Leighton Kevin A and Leighton Fenella
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Outstanding Balance
$505,195
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$3,771,950
Purchase Details
Closed on
Nov 1, 1993
Sold by
Lazar Joanne H
Bought by
Lazar Joanne H
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Leighton Kevin A | $1,399,750 | Old Republic Title Company | |
| Lazar Joanne H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Leighton Kevin A | $300,000 | |
| Open | Leighton Kevin A | $729,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/13/2025 06/13/25 | Rented | $12,000 | 0.0% | -- |
| 05/01/2025 05/01/25 | For Rent | $12,000 | +4.3% | -- |
| 03/31/2025 03/31/25 | Rented | $11,500 | 0.0% | -- |
| 01/22/2025 01/22/25 | Under Contract | -- | -- | -- |
| 12/26/2024 12/26/24 | For Rent | $11,500 | -- | -- |
Source: MLSListings
Tax History Compared to Growth
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 | $30,727 | $2,587,602 | $1,537,408 | $1,050,194 |
| 2024 | $30,727 | $2,536,865 | $1,507,263 | $1,029,602 |
| 2023 | $30,727 | $2,487,123 | $1,477,709 | $1,009,414 |
| 2022 | $29,923 | $2,438,357 | $1,448,735 | $989,622 |
| 2021 | $29,332 | $2,390,547 | $1,420,329 | $970,218 |
| 2020 | $28,726 | $2,366,036 | $1,405,766 | $960,270 |
| 2019 | $28,408 | $2,319,644 | $1,378,202 | $941,442 |
| 2018 | $27,626 | $2,274,162 | $1,351,179 | $922,983 |
| 2017 | $27,140 | $2,229,572 | $1,324,686 | $904,886 |
| 2016 | $26,428 | $2,185,856 | $1,298,712 | $887,144 |
| 2015 | $26,170 | $2,153,024 | $1,279,205 | $873,819 |
| 2014 | $25,642 | $2,110,851 | $1,254,148 | $856,703 |
Source: Public Records
Agents Affiliated with this Home
-
Nikil Balakrishnan
Map
Source: MLSListings
MLS Number: ML82004994
APN: 124-22-028
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