NOT LISTED FOR SALE

Estimated Value: $7,618,836 - $8,271,000

5 Beds
4.5 Baths
4,600 Sq Ft
$1,744/Sq Ft Est. Value

Last Sold June 02, 2016

Last sale price $6,473,000 $1,407 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $54,770/month

24 Days on Market

Highlights

  • 3 Fireplaces
  • Formal Dining Room
  • Forced Air Heating and Cooling System
  • Walter Hays Elementary Rated A+
  • Open to Family Room

About This Home

As of June 2016

Highly sought-after Old Palo Alto location. Gracious finishes and high ceilings add to this home's timeless appeal. The floor plan is ideally suited for many uses, with three large bedrooms up, an office/guest room on the main level and two bedrooms on the basement level. Two back patios and a beautifully landscaped yard are perfect for entertaining. Close to top-rated Palo Alto schools and Stanford University.

Last Agent to Sell the Property

Michael Dreyfus

Golden Gate Sotheby's International Realty License #01121795 Listed on: 04/07/2016

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Kimberly Copher

Coldwell Banker Realty License #01423875

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $89,238

Year Built

  • Built in 2002

Lot Details

  • 7,492

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Shake Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,600 Sq Ft Home
  • 3 Fireplaces
  • Fireplace With Gas Starter
  • Formal Dining Room
  • Open to Family Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • 7,492 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 124-16-079

Home Details

Home Type

Single Family

Est. Annual Taxes

$89,238

Year Built

Built in 2002

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 14
  • Listing Class: Residential
  • Structure Sq Ft: 4600
  • Year Built: 2002
  • Zoning Description: R-1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Starter
  • Dining Room: Formal Dining Room
  • Living Sq Ft: 4600
  • Fireplaces Min: 3
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Shake

Garage/Parking

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

Utilities

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

Schools

  • School District: Palo Alto Unified
  • High School: Palo Alto High
  • High School: 327

Lot Info

  • Parcel Number: 124-16-079
  • Lot Acres: 0.1720
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • High School Text: Palo Alto High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2016
Closed on
May 19, 2016
Sold by
Oshman Barbara S
Bought by
Mcmullen Michael and Mcmullen Dolores Byrne
Seller's Agent
Michael Dreyfus
Golden Gate Sotheby's International Realty
Buyer's Agent
Kimberly Copher
Coldwell Banker Realty
List Price
$6,498,000
Sold Price
$6,473,000
Premium/Discount to List
-$25,000
-0.38%
Current Estimated Value
$8,645,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,172,039
Avg. Annual Appreciation
2.94%
Original Mortgage
$647,300
Outstanding Balance
$521,387
Interest Rate
3.61%
Mortgage Type
Credit Line Revolving
Estimated Equity
$7,926,773

Purchase Details

Closed on
Dec 20, 2010
Sold by
Oshman David R and Oshman Joanna M
Bought by
Oshman M Kenneth

Purchase Details

Closed on
Oct 27, 2003
Sold by
Ping Michael and Ping June E
Bought by
Oshman David R and Oshman Joanna M

Purchase Details

Closed on
May 29, 2003
Sold by
Ping Builders Llc
Bought by
Ping Michael and Ping June

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
4.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 24, 2001
Sold by
Faith Development Llc
Bought by
Ping Builders Llc

Purchase Details

Closed on
Sep 21, 2001
Sold by
Luiz Christina
Bought by
Faith Llc

Purchase Details

Closed on
May 17, 2001
Sold by
Mann Rodney L and Mann Cathy O
Bought by
Luiz Christina

Purchase Details

Closed on
Jan 4, 2001
Sold by
Kmac Inc
Bought by
Mann Rodney L and Mann Catherine O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,263,750
Interest Rate
7.41%

Purchase Details

Closed on
Oct 4, 2000
Sold by
Jaime Wong and Shu Elizabeth Han
Bought by
Kmac Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
10.5%
Mortgage Type
Unknown

Purchase Details

Closed on
May 7, 1999
Sold by
Wong Jaime and Wong Elizabeth Han Shu
Bought by
Wong Jaime and Wong Elizabeth Han Shu

Purchase Details

Closed on
Oct 28, 1998
Sold by
Philip Mohan and Philip Ramila
Bought by
Wong Jamie and Wong Elizabeth Han Shu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,700
Interest Rate
3.35%

Purchase Details

Closed on
Jan 23, 1998
Sold by
Dudley Ralph W and Dudley Celia W
Bought by
Philip Mohan and Philip Ramila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,750
Interest Rate
7.12%
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
Mcmullen Michael $6,473,000 Chicago Title Co Palo Alto
Oshman M Kenneth $3,500,000 First American Title Ins Co
Oshman David R $3,350,000 Chicago Title
Ping Michael -- Chicago Title
Ping Builders Llc -- Chicago Title
Faith Llc -- Chicago Title Co
Luiz Christina $632,000 Chicago Title Co
Mann Rodney L -- Chicago Title Co
Kmac Inc -- Chicago Title Co
Wong Jaime -- North American Title Co
Wong Jamie $845,000 North American Title Co
Philip Mohan $845,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmullen Michael $647,300
Closed Mcmullen Michael $647,300
Open Mcmullen Michael $3,883,800
Previous Owner Ping Michael $1,400,000
Previous Owner Mann Rodney L $1,263,750
Previous Owner Wong Jaime $1,000,000
Previous Owner Wong Jamie $633,700
Previous Owner Philip Mohan $633,750
Previous Owner Dudley Ralph W $80,000
Closed Kmac Inc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2016 06/02/16 Sold $6,473,000 -0.4% $1,407 / Sq Ft
05/02/2016 05/02/16 Pending -- -- --
04/07/2016 04/07/16 For Sale $6,498,000 -- $1,413 / 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
2024 $89,238 $7,512,467 $5,802,926 $1,709,541
2023 $87,935 $7,365,165 $5,689,144 $1,676,021
2022 $86,938 $7,220,751 $5,577,593 $1,643,158
2021 $85,229 $7,079,169 $5,468,229 $1,610,940
2020 $83,435 $7,006,582 $5,412,160 $1,594,422
2019 $82,527 $6,869,199 $5,306,040 $1,563,159
2018 $80,218 $6,734,509 $5,202,000 $1,532,509
2017 $78,815 $6,602,460 $5,100,000 $1,502,460
2016 $47,969 $4,023,503 $2,402,093 $1,621,410
2015 $47,508 $3,963,067 $2,366,012 $1,597,055
2014 $46,636 $3,885,437 $2,319,666 $1,565,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81578961

MLSListings

APN: 124-16-079