NOT LISTED FOR SALE

159 Nevada Ave Palo Alto, CA 94301

Old Palo Alto Neighborhood

Estimated Value: $2,053,000 - $2,328,000

2 Beds
1 Bath
954 Sq Ft
$2,279/Sq Ft Est. Value

Last Sold September 28, 2022

Last sale price $1,718,000 $1,801 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $13,647/month

21 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Bungalow
  • Walter Hays Elementary Rated A+
  • Tile Countertops
  • 1-minute walk to Bowden Park

About This Home

As of September 2022

WOW! 2 bed/1 bath bungalow built in 1948. Approx 950 SqFt on one level on a ~3420 SqFt lot. Highly desirable location in a quiet established neighborhood with charming tree lined streets. Near everything Palo Alto has to offer! Walk or bike to the Stanford campus, CalTrain station, K-12 schools, Jerry Bowden Park (literally just steps away) & all the restaurants, coffee shops, taverns, shopping and entertainment along El Camino Real & California Avenue + museums, art center, parks and gardens. Bring your saw, hammer and paint brush. Not for the faint of heart. Significant deferred maintenance. Complete renovation needed! Every surface & system needs significant rehab. Needs new kitchen & laundry appliances. Windows, doors & flooring need to be replaced. Kitchen & bath need complete renovations. Interior cabinets & doors and light fixtures need to be replaced. Could you leave up one wall and start from there?? Could a second floor be added? So many options for a buyer to investigate.

Last Agent to Sell the Property

Rob Mills

Keller Williams Realty License #01315322 Listed on: 08/26/2022

Keller Williams Realty

Last Buyer's Agent

Tiffany Li

License #01977136

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,597

Year Built

  • Built in 1948

Lot Details

  • 3,420 Sq Ft Lot
  • Wood Fence
  • Perimeter Fence
  • Landscaped

Parking

  • 1 Car Garage
  • Garage Door Opener

Home Design

  • Bungalow
  • Slab Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Raised Hearth
  • Stone Fireplace
  • Living Room with Fireplace
  • Laundry in Garage

Kitchen

  • Gas Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Contra Costa Association
  • Palo Alto Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12420031

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,597

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Stories: 1
  • Year Built: 1948
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.08
  • Subdivision Name: PALO ALTO
  • Directions: Oregon Expy to High
  • Architectural Style: Bungalow
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One Story
  • New Construction: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile, Carpet
  • Appliances: Dishwasher, Gas Range, Refrigerator, Gas Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room, Raised Hearth, Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Tile Counters
  • Room Kitchen Features: Counter - Tile, Dishwasher, Gas Range/Cooktop, Refrigerator

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced, Perimeter, Wood
  • Lot Features: Landscape Back, Landscape Front
  • Pool Features: None
  • Pool Private: No
  • Construction Type: Wood Siding
  • Exterior Features: Landscape Back, Landscape Front
  • Foundation Details: Slab
  • Property Condition: Existing

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Parking Features: Garage, Garage Door Opener
  • Total Parking Spaces: 2

Utilities

  • Heating: Baseboard, Electric
  • Utilities: All Public Utilities
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Laundry Features: In Garage
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: No Solar
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: CONTRA COSTA
  • Association: No

Schools

  • Senior High School District: Palo Alto Unified

Lot Info

  • Lot Size Sq Ft: 3420
  • Parcel Number: 12420031
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Sep 26, 2022
Sold by
Charles D And Suasan R Rinehart Trust
Bought by
Mei Liu Carpenter Living Trust
Seller's Agent
Rob Mills
Keller Williams Realty
Buyer's Agent
Tiffany Li
List Price
$1,488,888
Sold Price
$1,718,000
Premium/Discount to List
$229,112
15.39%
Views
31
Current Estimated Value
$2,174,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,231
Avg. Annual Appreciation
14.42%
Original Mortgage
$1,539,450
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2020
Sold by
Rinehart Susan A and Futak Lyn
Bought by
Rinehart Susan A

Purchase Details

Closed on
Sep 9, 2020
Sold by
Rinehart Susan A
Bought by
Rinehart Susan A and Futak Lyn

Purchase Details

Closed on
Jul 18, 2007
Sold by
Rinehart Susan A and Futak Lyn
Bought by
Rinehart Susan A and Futak Lyn

Purchase Details

Closed on
Nov 6, 2002
Sold by
Prudential Relocation Inc
Bought by
Rinehard Charles D and Rinehart Susan A

Purchase Details

Closed on
Aug 29, 2002
Sold by
Smith B Shaun
Bought by
Prudential Relocation Inc

Purchase Details

Closed on
May 22, 1997
Sold by
Harrison J M
Bought by
Smith B Shaun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,600
Interest Rate
7.75%
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
Mei Liu Carpenter Living Trust $1,718,000 Chicago Title
Rinehart Susan A -- None Available
Rinehart Susan A -- None Available
Rinehart Susan A -- None Available
Rinehard Charles D $558,000 Fidelity National Title Ins
Prudential Relocation Inc $558,000 Fidelity National Title Ins
Smith B Shaun -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mei Liu Carpenter Living Trust $1,150,150
Closed Mei Liu Carpenter Living Trust $1,539,450
Previous Owner Smith B Shaun $397,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $1,718,000 -- --
09/28/2022 09/28/22 Sold $1,718,000 +15.4% $1,801 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $1,488,888 -- $1,561 / Sq Ft
Source: Contra Costa Association of REALTORS®

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 $21,597 $1,787,407 $1,631,347 $156,060
2024 $21,597 $1,752,360 $1,599,360 $153,000
2023 $21,278 $1,718,000 $1,568,000 $150,000
2022 $10,044 $761,540 $545,912 $215,628
2021 $9,845 $746,608 $535,208 $211,400
2020 $9,655 $738,954 $529,721 $209,233
2019 $9,544 $724,466 $519,335 $205,131
2018 $9,297 $710,261 $509,152 $201,109
2017 $9,133 $696,335 $499,169 $197,166
2016 $8,890 $682,682 $489,382 $193,300
2015 $8,798 $672,429 $482,032 $190,397
2014 $8,551 $659,258 $472,590 $186,668
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Rob Mills

    Keller Williams Realty

    (415) 990-7565

    1 in this area

    13 Total Sales

    Section Image

  • T

    Buyer's Agent in 2022

    Tiffany Li

    Section Image
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Map

Source: Contra Costa Association of REALTORS®

MLS Number: 41006646

Contra Costa Association of REALTORS®

APN: 124-20-031

California Santa Clara County Palo Alto 94301 Old Palo Alto

159 Nevada Ave, Palo Alto, CA

This home is located at 159 Nevada Ave, Palo Alto, CA 94301 since 26 August 2022 and is currently estimated at $2,174,231, approximately $2,279 per square foot. This property was built in 1948. 159 Nevada Ave 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Contra Costa Association of REALTORS® Bay East ©2025. BridgeMLS ©2025, CCAR ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, BridgeMLS or CCAR MLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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