NOT LISTED FOR SALE

Estimated Value: $1,054,000 - $1,989,000

3 Beds
2 Baths
1,540 Sq Ft
$1,109/Sq Ft Est. Value

Last Sold December 21, 2020

Last sale price $1,800,000 $1,169 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $11,483/month

68 Days on Market

Highlights

  • Primary Bedroom Suite
  • Wood Flooring
  • Formal Dining Room
  • Laurel Elementary School Rated A
  • High Ceiling
  • 1 Car Detached Garage

About This Home

As of December 2020

Huge price reduction! The address is 1958 1/2 Menalto, prime location in the back of a private stree. This beautifully updated and well appointed home is situated on a quiet and private street off Menalto in the coveted Willows neighborhood. Covered front porch leads to the formal entry and inviting living room with hardwood floors, TV nook, built-in desk / office and wood framed glass door to a pavered patio. Kitchen features ample cabinets with under cabinet lighting, granite counters and an island that is open to a separate dining room with built-in hutch, hardwood floors and French door to a covered breezeway. Large master suite with walk -in closet plus 2nd sliding door closet, no lack of space here. Generous size 2nd and 3rd bedrooms with new plush carpeting. Full size washer & dryer. Central heat & A/C. Finished garage plus bonus carport. EV charger. Prime location to downtown Palo Alto, shopping, schools and freeway access.

Last Listed By

Royce Cablayan

Christie's International Real Estate Sereno License #01062078 Listed on: 09/11/2020

Christie's International Real Estate Sereno

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,070

Year Built

  • 2006

Lot Details

  • 2,897 Sq Ft Lot
  • Back Yard

Parking

  • 1 Car Detached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,540 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Gas Log Fireplace
  • Formal Entry
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Additional Features

  • Enclosed patio or porch
  • Forced Air Heating and Cooling System

Community Details

  • Magnolia Lane Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,070

Year Built

2006

Lot Details

0

Parking

1

Listing Details

  • Zoning: 1 SFR
  • Subclass: Single Family Home
  • Age: 14
  • Listing Class: Residential
  • Structure Sq Ft: 1540
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Log, Living Room
  • Dining Room: Formal Dining Room
  • Kitchen: Dishwasher, Garbage Disposal, Hood Over Range, Island, Microwave, Oven Range - Built-In, Gas, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1540
  • Stories: 2
  • Bedrooms: Primary Suite / Retreat, Walk-In Closet
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Tile, Wood
  • Additional Rooms: Formal Entry
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Half On Ground Floor, Showers Over Tubs - 2+, Updated Bath

Exterior Features

  • Foundation: Concrete Slab
  • Yard/Grounds: Back Yard, Porch - Enclosed

Garage/Parking

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

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Exist: Yes
  • H O A Name Text: Magnolia Lane

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet

Schools

  • School District: Sequoia Union High
  • Elementary School: Laurel Elementary
  • Elementary School: 653

Lot Info

  • Lot Acres: 0.0665
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2895.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2895.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2020
Closed on
Dec 11, 2020
Sold by
Kurtz William
Bought by
Kabbani Abdul and Nahhas Hoda
Seller's Agent
Royce Cablayan
Christie's International Real Estate Sereno
Buyer's Agent
Royce Cablayan
Christie's International Real Estate Sereno
List Price
$2,088,000
Sold Price
$1,800,000
Premium/Discount to List
-$288,000
-13.79%
Total Days on Market
68
Current Estimated Value
$1,707,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$92,040
Original Mortgage
$1,440,000
Outstanding Balance
$1,313,245
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2014
Sold by
Smith Scott M and Smith Emily H
Bought by
Kurtz William

Purchase Details

Closed on
Dec 13, 2007
Sold by
Simon Thomas R and Simon Sandra J
Bought by
Smith Scott M and Smith Emily H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2007
Sold by
Magnolia Menalto Llc
Bought by
Simon Thomas R and Simon Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,800
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2006
Sold by
Magnolia Menalto Llc
Bought by
Steinberg Robert T and Erber Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
6.62%
Mortgage Type
Unknown

Range of Values:

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Average Value
Not Available
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
Kabbani Abdul $1,800,000 Chicago Title Company
Kurtz William $1,510,000 First American Title Company
Smith Scott M $1,125,000 First American Title Co
Simon Thomas R $1,051,000 Chicago Title Company
Steinberg Robert T -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kabbani Abdul $450,000
Open Kabbani Abdul $1,440,000
Previous Owner Kurtz William $1,450,000
Previous Owner Kurtz William $417,000
Previous Owner Kurtz William $333,000
Previous Owner Smith Scott M $653,562
Previous Owner Smith Scott M $950,000
Previous Owner Simon Thomas R $840,800
Previous Owner Steinberg Robert T $940,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2020 12/21/20 Sold $1,800,000 +0.7% $1,169 / Sq Ft
11/19/2020 11/19/20 Pending -- -- --
11/17/2020 11/17/20 Price Changed $1,788,000 -10.4% $1,161 / Sq Ft
10/15/2020 10/15/20 Price Changed $1,995,000 -4.5% $1,295 / Sq Ft
09/11/2020 09/11/20 For Sale $2,088,000 -- $1,356 / 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
2023 $23,070 $1,872,720 $936,360 $936,360
2022 $22,002 $1,836,000 $918,000 $918,000
2021 $21,497 $1,800,000 $900,000 $900,000
2020 $20,412 $1,692,546 $846,273 $846,273
2019 $20,163 $1,659,360 $829,680 $829,680
2018 $19,667 $1,626,824 $813,412 $813,412
2017 $19,401 $1,594,926 $797,463 $797,463
2016 $18,864 $1,563,654 $781,827 $781,827
2015 $18,724 $1,540,168 $770,084 $770,084
2014 $14,930 $1,205,442 $602,721 $602,721
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81810302

MLSListings

APN: 114-280-020