NOT LISTED FOR SALE

Estimated Value: $4,723,000 - $6,523,000

4 Beds
2 Baths
2,235 Sq Ft
$2,471/Sq Ft Est. Value

Last Sold August 09, 2017

Last sale price $3,498,000 $1,565 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $35,445/month

73 Days on Market

Highlights

  • Art Studio
  • Cape Cod Architecture
  • Marble Countertops
  • Walter Hays Elementary Rated A+
  • Wood Flooring
  • 5-minute walk to Rinconada Park

About This Home

As of August 2017

Open Saturday and Sunday. Superb home in prime Embarcadero Oaks, walking distance to top public schools and Rinconada Park. Charm galore, new roofs in 2010, main home approx. 2,235 sft (per county) on a deep lot approx. 7,593 sft (per county). Lovely peaceful gardens to entertain, play and relax in privacy. Detached approx. 580 sft garage with adjoining room and bath currently used as a studio/home office, potentially convertible into an ADU (Auxiliary Dwelling Unit) for owner occupancy or rental purposes subject to verification by Buyer and permit with the City of Palo Alto ( see http://www.cityofpaloalto.org/gov/depts/pln/). Beautifully renovated with attention to detail and quality, ready to move-in. Chef's kitchen, hardwood floors. Elegant & flexible floor plan with two bedrooms and a bathroom on each floor. Potential for expansion of main home. Central location close to Downtown and Midtown shopping, Stanford University. Easy commutes to Facebook, Google, HP.

Last Agent to Sell the Property

Jean-Luc Laminette

Compass License #01847917 Listed on: 04/27/2017

Compass

Last Buyer's Agent

John Forsyth James

Compass License #01138400

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $49,969

Year Built

  • 1940

Lot Details

  • 7,579 Sq Ft Lot
  • Gated Home
  • Wood Fence
  • Level Lot
  • Sprinklers on Timer
  • Back Yard Fenced

Parking

  • 1 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,235 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Wood Burning Fireplace
  • Double Pane Windows
  • Formal Entry
  • Formal Dining Room
  • Art Studio
  • Alarm System
  • Unfinished Basement

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Marble Countertops
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • 220 Volts

Home Details

Home Type

Single Family

Est. Annual Taxes

$49,969

Year Built

1940

Lot Details

0

Parking

1

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Style: Cape Cod
  • Age: 77
  • Listing Class: Residential
  • Structure Sq Ft: 2235
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Formal Dining Room, No Informal Dining Room
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Granite, Countertop - Marble, Dishwasher, Garbage Disposal, Hood Over Range, Ice Maker, Microwave, Oven Range - Electric, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 2235
  • Stories: 2
  • Security: Security Alarm
  • Laundry: Dryer, Tub / Sink, Washer
  • Flooring: Hardwood, Tile
  • Additional Rooms: Artist Studio, Basement - Unfinished, Formal Entry, Laundry Room
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Stall Shower, Tub

Exterior Features

  • Foundation: Combination, Concrete Perimeter And Slab, Post And Pier
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced Back, Gate, Wood
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer - Public, 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

  • Lot Description: Grade - Level
  • Lot Acres: 0.1740
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7593.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7593.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Skylight

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2024
Sold by
Ranganathan Kannan and Ranganathan Madhuri
Bought by
Ranganathan-Roy Family Trust and Ranganathan
Current Estimated Value
$5,713,139

Purchase Details

Listed on
Apr 27, 2017
Closed on
Jul 17, 2017
Sold by
Nolen Tony and Nolen Michelle
Bought by
Ranganathan Kannan and Roy Madhuri
Seller's Agent
Jean-Luc Laminette
Compass
Buyer's Agent
John Forsyth James
Compass
List Price
$3,498,000
Sold Price
$3,498,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$2,448,600
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 29, 2011
Sold by
Nolen Tony and Nolen Michelle
Bought by
Nolen Tony and Nolen Michelle

Purchase Details

Closed on
Nov 8, 2010
Sold by
Petersen John D
Bought by
Nolen Tony and Nolen Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,220,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2006
Sold by
Petersen Elba D
Bought by
Petersen Kristen A and Petersen John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2005
Sold by
Petersen Elba D
Bought by
Petersen Kristen A and Petersen John D

Purchase Details

Closed on
Oct 25, 2002
Sold by
Petersen Elba D
Bought by
Petersen Elba D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.03%

Purchase Details

Closed on
Dec 16, 1997
Sold by
Petersen Elba D
Bought by
Petersen Elba D
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
Ranganathan-Roy Family Trust -- None Listed On Document
Ranganathan Kannan $3,498,000 Old Republic Title Company
Nolen Tony -- None Available
Nolen Tony -- Old Republic Title Company
Petersen Kristen A -- First American Title Company
Petersen Elba D -- First American Title Company
Petersen Kristen A -- --
Petersen Elba D -- Financial Title Company
Petersen Elba D -- Financial Title Company
Petersen Elba D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ranganathan Kannan $2,242,523
Previous Owner Ranganathan Kannan $2,448,600
Previous Owner Nolen Tony $1,220,000
Previous Owner Petersen Elba D $100,000
Previous Owner Petersen Elba D $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2017 08/09/17 Sold $3,498,000 0.0% $1,565 / Sq Ft
07/10/2017 07/10/17 Pending -- -- --
07/01/2017 07/01/17 For Sale $3,498,000 0.0% $1,565 / Sq Ft
07/01/2017 07/01/17 Off Market $3,498,000 -- --
06/19/2017 06/19/17 Price Changed $3,498,000 -5.4% $1,565 / Sq Ft
04/27/2017 04/27/17 For Sale $3,698,000 -- $1,655 / 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 $49,969 $4,168,443 $3,779,376 $389,067
2023 $49,237 $4,086,710 $3,705,271 $381,439
2022 $48,675 $4,006,579 $3,632,619 $373,960
2021 $47,717 $3,928,020 $3,561,392 $366,628
2020 $44,594 $3,707,089 $3,524,875 $182,214
2019 $43,317 $3,567,960 $3,455,760 $112,200
2018 $42,116 $3,498,000 $3,388,000 $110,000
2017 $20,697 $1,683,453 $1,379,881 $303,572
2016 $20,152 $1,650,445 $1,352,825 $297,620
2015 $19,953 $1,625,655 $1,332,505 $293,150
2014 $19,525 $1,593,812 $1,306,404 $287,408
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81648763

MLSListings

APN: 003-58-049