NOT LISTED FOR SALE

Estimated Value: $5,514,272 - $6,857,000

4 Beds
3.5 Baths
2,597 Sq Ft
$2,368/Sq Ft Est. Value

Last Sold June 29, 2015

Last sale price $3,860,000 $1,486 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $36,151/month

8 Days on Market

Highlights

  • Wood Flooring
  • Solid Surface Bathroom Countertops
  • Mediterranean Architecture
  • Walter Hays Elementary Rated A+
  • Hydromassage or Jetted Bathtub
  • 4-minute walk to Rinconada Park

About This Home

As of June 2015

Mediterranean beauty offers fresh living. 4 bed/3.5 bath home of 2,597 sq. ft. on lot of 6,930 sq. ft. Built in 2012 and exquisitely maintained. Refinished cherry floors, quartz countertops, Pella dual-pane windows, trey ceilings with fine molding. Graceful spaces include home office, living room, open dining room. Island kitchen with Thermador appliances. Master suite boasts inset Jacuzzi, walk-in closet. Separate guest suite. 1-car garage. Near Rinconada Park.

Last Agent to Sell the Property

Michael Repka

Deleon Realty License #70010006 Listed on: 05/27/2015

Last Buyer's Agent

xq zha

Maxreal Property License #01326685

Maxreal Property

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,428

Year Built

  • Built in 2012

Lot Details

  • Back and Front Yard Fenced
  • Wood Fence
  • Level Lot
  • Sprinklers on Timer
  • Zoning described as R1

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Mediterranean Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,597 Sq Ft Home
  • 2-Story Property
  • Entertainment System
  • High Ceiling
  • Gas Fireplace
  • Double Pane Windows
  • Formal Entry
  • Separate Family Room
  • Formal Dining Room
  • Den
  • Crawl Space
  • Alarm System
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Built-In Self-Cleaning Oven
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Solid Surface Bathroom Countertops
  • Dual Sinks
  • Dual Flush Toilets
  • Low Flow Toliet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Balcony

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Thermostat
  • Separate Meters
  • Individual Gas Meter
  • Sewer Connection Less Than 500 Feet Away
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 003-56-059

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,428

Year Built

Built in 2012

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean
  • Age: 3
  • Listing Class: Residential
  • Structure Sq Ft: 2597
  • Year Built: 2012
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Burning
  • Dining Room: Breakfast Nook, Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Other, Dishwasher, Freezer, Garbage Disposal, Hood Over Range, Hookups - Gas, Island, Microwave, Oven - Built-In, Oven - Electric, Oven - Self Cleaning, Pantry, Refrigerator
  • Living Sq Ft: 2597
  • Stories: 2
  • Security: Secured Garage / Parking, Security Alarm
  • Laundry: Hookup - Electric, Gas Hookup, Hookup - Washer/Dryer, Washer / Dryer
  • Flooring: Hardwood, Tile
  • Additional Rooms: Attic, Den / Study / Office, Formal Entry, Laundry Room
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Dual Flush Toilet, Shower and Tub, Solid Surface, Stall Shower, Tile, Tub, Tub with Jets, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Sealed Crawlspace
  • Roof: Clay
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced, Fenced Back, Fenced Front, Mixed Height / Type, Wood

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage, Gate / Door Opener, Off-Street Parking, On Street

Utilities

  • Cooling System: Central AC, Multi-Zone
  • Heating System: Central Forced Air, Heating - 2+ Zones
  • Sewer/Septic System: Sewer - Public, Sewer Connected, Sewer Connections - LESS than 500 feet away

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Video / Audio System, Walk-in Closet

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
  • Parcel Number: 003-56-059
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6930.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6930.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet, Thermostat Controller

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas

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
May 27, 2015
Closed on
Jun 23, 2015
Sold by
Zanganeh Mahkam
Bought by
Wang Hong and Zhang Feng Qin
Seller's Agent
Michael Repka
Deleon Realty
Buyer's Agent
xq zha
Maxreal Property
List Price
$3,388,000
Sold Price
$3,860,000
Premium/Discount to List
$472,000
13.93%
Current Estimated Value
$5,724,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,864,340
Avg. Annual Appreciation
4.12%
Original Mortgage
$1,510,000
Outstanding Balance
$1,238,562
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,572,137

Purchase Details

Closed on
Dec 18, 2014
Sold by
Zanganeh Mahkam
Bought by
Zanganeh Mahkam

Purchase Details

Listed on
Jun 21, 2012
Closed on
Jul 5, 2012
Sold by
Huang Fujian and Guo Mei
Bought by
Zanganeh Mahkam
Seller's Agent
Lan Bowling
Deleon Realty
Buyer's Agent
Leila Shahsavari
Compass
List Price
$2,880,000
Sold Price
$2,850,000
Premium/Discount to List
-$30,000
-1.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.59%

Purchase Details

Closed on
May 30, 2008
Sold by
Graffigna Cathy
Bought by
Huang Fujian and Guo Mei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$986,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2003
Sold by
Cortes Florentino and Graffigna Cathy
Bought by
Graffigna Cathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
5.82%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 18, 2000
Sold by
Cortes Florentino and Cortes Cathy
Bought by
Cortes Florentino and Cortes Cathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
8.04%

Purchase Details

Closed on
Nov 2, 1999
Sold by
Cortes Florentin O
Bought by
Graffigna Catherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
3.45%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 29, 1999
Sold by
Graffigna Catherine M
Bought by
Graffigna Catherine M and Cortes Florentino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
3.45%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 24, 1999
Sold by
Saitta James J
Bought by
Saitta James J and Graffigna Catherine M

Purchase Details

Closed on
Sep 17, 1999
Sold by
Saitta James J Revocable Living Trust and Bower Fay Trustee
Bought by
Saitta James J

Purchase Details

Closed on
Sep 16, 1999
Sold by
Saitta James J Revocable Living Trust and Joan M
Bought by
Saitta James J

Purchase Details

Closed on
Jul 22, 1999
Sold by
Saitta James J Trustee
Bought by
Saitta James J and Graffigna Catherine M
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
Wang Hong $3,860,000 Chicago Title Company
Zanganeh Mahkam -- None Available
Zanganeh Mahkam $2,850,000 First American Title Company
Huang Fujian $1,486,000 Fatco
Graffigna Cathy -- Financial Title Company
Cortes Florentino -- Old Republic Title Company
Graffigna Catherine M -- --
Graffigna Catherine M -- --
Graffigna Catherine M -- --
Saitta James J -- --
Saitta James J -- --
Saitta James J -- --
Saitta James J -- --
Saitta James J -- --
Saitta James J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Hong $1,510,000
Previous Owner Zanganeh Mahkam $2,280,000
Previous Owner Huang Fujian $54,250
Previous Owner Huang Fujian $986,000
Previous Owner Griffigna Cathy $240,000
Previous Owner Graffigna Cathy $155,000
Previous Owner Graffigna Cathy $80,000
Previous Owner Graffigna Cathy $650,000
Previous Owner Graffigna Cathy $650,000
Previous Owner Graffigna Cathy $565,000
Previous Owner Graffigna Cathy $500,000
Previous Owner Graffigna Cathy $322,000
Previous Owner Graffigna Cathy $261,000
Previous Owner Cortes Florentino $175,000
Previous Owner Cortes Florentino $35,000
Previous Owner Graffigna Catherine M $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2015 06/29/15 Sold $3,860,000 +13.9% $1,486 / Sq Ft
06/04/2015 06/04/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $3,388,000 +18.9% $1,305 / Sq Ft
07/06/2012 07/06/12 Sold $2,850,000 -1.0% $1,096 / Sq Ft
07/01/2012 07/01/12 Pending -- -- --
06/21/2012 06/21/12 For Sale $2,880,000 -- $1,108 / 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 $54,428 $4,548,172 $2,945,709 $1,602,463
2023 $53,632 $4,458,993 $2,887,950 $1,571,043
2022 $53,020 $4,371,563 $2,831,324 $1,540,239
2021 $51,977 $4,285,847 $2,775,808 $1,510,039
2020 $50,890 $4,241,902 $2,747,346 $1,494,556
2019 $50,334 $4,158,728 $2,693,477 $1,465,251
2018 $48,935 $4,077,185 $2,640,664 $1,436,521
2017 $48,078 $3,997,241 $2,588,887 $1,408,354
2016 $46,824 $3,918,865 $2,538,125 $1,380,740
2015 $35,214 $2,920,140 $1,946,760 $973,380
2014 -- $2,862,939 $1,908,626 $954,313
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81467136

MLSListings

APN: 003-56-059