NOT LISTED FOR SALE

Estimated Value: $6,352,000 - $6,975,000

4 Beds
3 Baths
2,642 Sq Ft
$2,524/Sq Ft Est. Value

Last Sold July 23, 2024

Last sale price $6,500,000 $2,460 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $40,737/month

57 Days on Market

Highlights

  • Primary Bedroom Suite
  • Wood Flooring
  • Marble Countertops
  • Walter Hays Elementary Rated A+
  • Main Floor Bedroom
  • Spanish Architecture

About This Home

As of July 2024

Beautifully Renovated Spanish Revival in the Heart of Old Palo Alto. No detail was overlooked in bringing modern functionality and luxury to this classic design. The comprehensive renovation, finalized in 2019, meticulously rejuvenated every inch of the interior along with an upgrade of all essential infrastructure, including plumbing, heating, air conditioning and electrical systems. The home's layout spans two levels with 4 bedrooms and 3 fully remodeled bathrooms designed for utmost comfort and convenience. A bedroom on the main level, complete with an adjacent marble bath, offers versatile options for guests or as a dedicated office. The upper level is graced by a sumptuous primary suite with a marble bath, alongside two additional bedrooms, each with ample closet space, serviced by an elegantly appointed hallway bath. The renovation's attention to detail extends to the finished partial basement, now a flexible space ready to accommodate a playroom, wine cellar, or additional storage. This home strikes the perfect balance between suburban privacy and the vibrant urban lifestyle of University Avenue, with its eclectic mix of shops and restaurants just over a mile away. With its access to top-rated Palo Alto schools this home is a gateway to the best of Silicon Valley living.

Last Agent to Sell the Property

Lan Bowling

Keller Williams Palo Alto License #01248958 Listed on: 04/25/2024

Keller Williams Palo Alto

Last Buyer's Agent

Dana Carmel

Represent Realty License #02076519

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $64,647

Year Built

  • Built in 1930

Lot Details

  • Sprinklers on Timer
  • Back Yard Fenced
  • Zoning described as R1

Parking

  • 2 Car Detached Garage
  • Electric Vehicle Home Charger
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Tile Roof
  • Clay Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,642 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Double Pane Windows
  • Separate Family Room
  • Formal Dining Room
  • Neighborhood Views
  • Finished Basement

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Marble Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Thermostat
  • 220 Volts
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 124-06-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$64,647

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Spanish
  • Age: 94
  • Listing Class: Residential
  • Structure Sq Ft: 2642
  • Year Built: 1930
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Breakfast Nook, Eat in Kitchen, Formal Dining Room
  • Kitchen: 220 Volt Outlet, Countertop - Marble, Dishwasher, Garbage Disposal, Hood Over Range, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2642
  • Stories: 2
  • Bedrooms: Ground Floor Bedroom, Primary Suite / Retreat, Walk-in Closet
  • Laundry: Dryer, Electricity Hookup (110V), Gas Hookup, Washer
  • Flooring: Hardwood, Tile
  • Additional Rooms: Basement - Finished
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Roof: Clay, Tile
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced Back

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage, Gate / Door Opener, On Street
  • Electric Vehicle Hookup Type: Electric Vehicle Hookup Level 2 (240 volts)

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public, Sewer in Street

Association/Amenities

  • Amenities Miscellaneous: Walk-in Closet

Schools

  • School District: Palo Alto Unified
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Middle School: 329

Lot Info

  • Parcel Number: 124-06-011
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7370.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7370.00

Green Features

  • Energy Features: Double Pane Windows, Thermostat Controller

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • High School Text: Palo Alto High
  • Middle School Text: Frank S. Greene Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2024
Closed on
Jun 27, 2024
Sold by
Zhang Jian and Al Luming
Bought by
Zheng Yizhou
Seller's Agent
Lan Bowling
Keller Williams Palo Alto
Buyer's Agent
Dana Carmel
Represent Realty
List Price
$6,998,000
Sold Price
$6,500,000
Premium/Discount to List
-$498,000
-7.12%
Views
63
Current Estimated Value
$6,667,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,573
Avg. Annual Appreciation
2.14%

Purchase Details

Closed on
Sep 1, 2017
Sold by
Koenig Franklin Robert
Bought by
Zhang Jian
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
Zheng Yizhou $6,500,000 Chicago Title
Zhang Jian -- Chicago Title Company
Zhang Jian $4,925,000 Chicago Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2024 07/23/24 Sold $6,500,000 -7.1% $2,460 / Sq Ft
06/22/2024 06/22/24 Pending -- -- --
04/25/2024 04/25/24 For Sale $6,998,000 -- $2,649 / 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 $64,647 $6,500,000 $5,500,000 $1,000,000
2024 $64,647 $5,493,927 $5,242,937 $250,990
2023 $63,706 $5,386,204 $5,140,135 $246,069
2022 $62,989 $5,280,594 $5,039,349 $241,245
2021 $61,750 $5,177,054 $4,940,539 $236,515
2020 $60,437 $5,123,970 $4,889,880 $234,090
2019 $59,785 $5,023,500 $4,794,000 $229,500
2018 $58,112 $4,925,000 $4,700,000 $225,000
2017 $2,175 $173,346 $50,741 $122,605
2016 $2,025 $169,948 $49,747 $120,201
2015 $2,004 $167,396 $49,000 $118,396
2014 $1,973 $164,118 $48,041 $116,077
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81962908

MLSListings

APN: 124-06-011