$1,360,000
SOLD OCT 11, 2024

1909 Cooley Ave East Palo Alto, CA 94303

4 Beds
3 Baths
2,053 Sq Ft
7,863 Sq Ft Lot

Recently Sold

$662 Per Sq Ft

6% Below List Price

54 Days on Market

Highlights

  • Wood Flooring
  • Floor Furnace
  • 1-Story Property
  • Menlo-Atherton High School Rated A

About This Home

As of October 2024

West of 101, South of University Ave, fully occupied duplex. Current residents are state licensed child daycare service named Littlehouse. They have been operating at this site for sometime now. They take great care of the building and intend to stay moving forward. There are two separate structures, one 3x2 with private garage and W/D Hookups inside. The second unit is a 1x1 with attached garage and W/D hookups in garage. Both units have been updated and in incredible condition. Current income is very attractive.

Last Agent to Sell the Property

Scott Kilpatrick

Compass License #01271912 Listed on: 07/22/2024

Compass

Last Buyer's Agent

Thai Ngyuen

Crystal Estates License #01406846

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,169

Year Built

  • 1940

Lot Details

  • 7,863 Sq Ft Lot

Parking

  • 2 Car Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,053 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $92,566

Community Details

Overview

  • 2,053 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $3,500
  • Maintenance Expense $1,000
  • Other Expense $3,282
  • Utility Expense $1,020
  • Trash Expense $1,422
  • Operating Expense $29,939
  • Gross Income $94,906

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,169

Year Built

1940

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Age: 84
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2053
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 2053
  • Stories: 1
  • Flooring: Carpet, Hardwood, Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

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

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Floor Furnace, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High
  • High School: Menlo-Atherton High
  • High School: 658

Lot Info

  • Lot Acres: 0.1805
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7862.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7862.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 15.28
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3500
  • Expense Landscape: 1200
  • Expense Maintenance: 1000
  • Expenses Other: 3282
  • Expenses Total: 29939
  • Expenses Utility: 1020
  • Expense Trash: 1422
  • Income Annual Gross: 94906.00
  • Income Annual Rental: 92566
  • Income Gross Scheduled: 94906
  • Income Includes: Lease
  • Income Other: 2340
  • Meters: Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - License/Advertising, Fee - Other Taxes, Maintenance, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
Sep 20, 2024
Sold by
Kalyanasundaram Sandhiya
Bought by
Viswanath Kaartik
Seller's Agent
Scott Kilpatrick
Compass
Buyer's Agent
Thai Ngyuen
Crystal Estates
List Price
$1,450,000
Sold Price
$1,360,000
Premium/Discount to List
-$90,000
-6.21%
Total Days on Market
54
Views
46
Current Estimated Value
$1,398,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,317
Avg. Annual Appreciation
3.21%
Original Mortgage
$952,000
Outstanding Balance
$942,926
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$455,391

Purchase Details

Listed on
Jul 22, 2024
Closed on
Sep 16, 2024
Sold by
Woodland Park Property Owner Llc
Bought by
Viswanath Kaartik
Seller's Agent
Scott Kilpatrick
Compass
Buyer's Agent
Thai Ngyuen
Crystal Estates
List Price
$1,450,000
Sold Price
$1,360,000
Premium/Discount to List
-$90,000
-6.21%
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$952,000
Outstanding Balance
$942,926
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$455,391

Purchase Details

Closed on
Feb 18, 2016
Sold by
Eqr Woodland Park Limited Partnership
Bought by
Woodland Park Property Owner Llc

Purchase Details

Closed on
Dec 1, 2011
Sold by
Redus Woodland Llc
Bought by
Eqr-Woodland Park Limited Partnership

Purchase Details

Closed on
Mar 2, 2010
Sold by
1909 Cooley Llc
Bought by
Redus Woodland Llc

Purchase Details

Closed on
May 23, 2007
Sold by
Berghout Noel M and Berghout Alfred F
Bought by
1909 Cooley Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,312,709
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2005
Sold by
Berghout Noel M and Berghout Alfred F
Bought by
Berghout Alfred F and Berghout Noel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 1998
Sold by
Brown Greg Douglas and Older Muriel June Nystrom Brown
Bought by
Berghout Alfred F and Johnson Noel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.17%

Purchase Details

Closed on
Feb 6, 1998
Sold by
Nystrom June Living Trust and Brown Greg
Bought by
Brown Greg Douglas and Older Muriel June Nystrom Brown
Source: Public Records

Similar Homes in East Palo Alto, CA

  • 1827 Woodland Ave, East Palo Alto, CA 94303

    $1,098,000

    • 4 Beds
    • 2 Baths
    • 2,073 Sq Ft
    • 1827 Woodland Ave
    • East Palo Alto, CA

    Welcome to this single-story duplex with two yards nestled on the west side of Highway 101 near the border of Palo Alto. Each unit has 2 bedrooms and 1 bathroom. Remodeled kitchens with dishwasher & oak cabinetry. Large and bright living and dining areas. Dual pane windows. Remodeled bathrooms with Kohler tubs and sliding glass shower door enclosures. New construction galvanized steel gutters.

    David Lillo DPL Real Estate

    Section Image
  • 1831 Woodland Ave, East Palo Alto, CA 94303

    $1,148,000

    • 4 Beds
    • 2 Baths
    • 2,073 Sq Ft
    • 1831 Woodland Ave
    • East Palo Alto, CA

    Welcome to this single-story duplex with two yards nestled on the west side of Highway 101 near the border of Palo Alto. Each unit has 2 bedrooms and 1 bathroom. Remodeled kitchens with dishwasher & oak cabinetry. Large and bright living and dining areas. Dual pane windows. Remodeled bathrooms with Kohler tubs and sliding glass shower door enclosures. New construction galvanized steel gutters.

    David Lillo DPL Real Estate

    Section Image
  • 1879 Woodland Ave, East Palo Alto, CA 94303

    $1,465,000

    • 5 Beds
    • 4 Baths
    • 3,892 Sq Ft
    • 1879 Woodland Ave
    • East Palo Alto, CA

    West of 101, South of University Ave. Great building with four one bedroom units, many updates, each unit has patio, one with large private yard. Plenty of parking. Large commercial live work space, endless opportunity with this space. Clean property, plenty of upside in rents, strong stable residents.

    Scott Kilpatrick Compass

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Chicago Title Company
Grant Deed $1,360,000 Chicago Title Company
Grant Deed $761,000 First American Title Ins Co
Grant Deed $17,216,000 First American Title Company
Trustee Deed $483,439 First American Title Ins Co
Grant Deed $933,000 First American Title Ins Co
Interfamily Deed Transfer -- First American Title Co
Grant Deed -- Chicago Title Insurance Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $952,000 New Conventional
Previous Owner $239,312,709 Purchase Money Mortgage
Previous Owner $584,000 Purchase Money Mortgage
Previous Owner $172,600 Unknown
Previous Owner $40,000 Credit Line Revolving
Previous Owner $180,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2024 10/11/24 Sold $1,360,000 -6.2% $662 / Sq Ft
09/15/2024 09/15/24 Pending -- -- --
07/22/2024 07/22/24 For Sale $1,450,000 -- $706 / 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
2025 $10,169 $1,360,000 $1,020,000 $340,000
2023 $10,169 $682,694 $341,347 $341,347
2022 $9,430 $669,308 $334,654 $334,654
2021 $9,247 $656,186 $328,093 $328,093
2020 $9,118 $649,458 $324,729 $324,729
2019 $9,142 $636,724 $318,362 $318,362
2018 $8,949 $624,240 $312,120 $312,120
2017 $8,656 $612,000 $306,000 $306,000
2016 $5,776 $339,530 $169,765 $169,765
2015 $5,712 $334,430 $167,215 $167,215
2014 $5,586 $327,880 $163,940 $163,940
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81974015

MLSListings

APN: 063-481-190