NOT LISTED FOR SALE

1960 Mcnair St East Palo Alto, CA 94303

Estimated Value: $1,442,000 - $1,681,000

4 Beds
2.5 Baths
1,890 Sq Ft
$821/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $1,465,000 $775 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $9,989/month

9 Days on Market

Highlights

  • Vaulted Ceiling
  • Jetted Soaking Tub in Primary Bathroom
  • Park or Greenbelt View
  • Menlo-Atherton High School Rated A
  • Traditional Architecture
  • Granite Countertops

About This Home

As of May 2023

Amazing Home in University Square. soaring ceilings! Newly Remodeled! Located in front of Park , 4 br/2.5 ba spacious SFH, Large Family Room with Fireplace, Updated Kitchen with center island, generous cabinet space, Corian counters, and pantry. Recessed lighting, New Appliances, Master Suit with Walk-In closet and large Master Bathroom, New laminate flooring and new carpet all around the house. 1/2 Bath on First floor. Washer/Dryer in Second Floor. Heating and A/C unit, LED Lighting. Double Pane Windows. Attach 2 car garage, Electric Car Ready, Home is staged, Back Yard with Stone concrete pad, Sprinkler(s). Security system with sensors and motion detection. Must see. Interior space: 1,890 SqFt Lot size 3,500 SqFt Year Build 2002. Silicon Valleys top tech companies such as Facebook, Google, Apple, HP, downtown Palo Alto and the Bay-lands Nature Preserve or Ravenswood Open Space Preserve. Hwy 101 & 85 freeway exits close by. Near Shopping Centers.

Last Agent to Sell the Property

Paz Bar-Am

Paz Bar-am, Realty License #01883586 Listed on: 04/08/2023

Last Buyer's Agent

MiMi Trieu

Redfin License #01951415

Redfin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,434

Year Built

  • Built in 2002

Lot Details

  • 3,498 Sq Ft Lot
  • Wood Fence
  • Back Yard Fenced
  • Sprinklers on Timer

HOA Fees

  • $14 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Electric Vehicle Home Charger

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Shingle Siding

Interior Spaces

  • 1,890 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Dining Area
  • Utility Room
  • Park or Greenbelt Views

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher
  • Granite Countertops

Flooring

  • Laminate
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Granite Bathroom Countertops
  • Dual Sinks
  • Jetted Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom

Laundry

  • Laundry on upper level
  • Washer and Dryer

Home Security

  • Alarm System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Utilities

  • Forced Air Heating and Cooling System
  • Thermostat
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Community Details

  • Association fees include insurance, maintenance - common area, management fee, security service
  • University Square Owners' Association
  • Built by University Square Owners' Associ
  • Stream

Listing and Financial Details

  • Assessor Parcel Number 063-663-110

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,434

Year Built

Built in 2002

Lot Details

0

HOA Fees

$14 per month

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Traditional
  • Property Condition: Built / Remodeled Green
  • Restrictions: Age - No Restrictions, Family Park, Pets - Allowed
  • Age: 21
  • Listing Class: Residential
  • Structure Sq Ft: 1890
  • Complex Name: University Square Owners' Associ
  • Year Built: 2002
  • Zoning Description: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Gas Burning, Gas Log, Gas Starter
  • Dining Room: Dining Area
  • Kitchen: Countertop - Granite, Countertop - Synthetic, Dishwasher, Hood Over Range, Oven Range - Gas, Pantry, Refrigerator
  • Living Sq Ft: 1890
  • Stories: 2
  • Security: Fire Alarm, Fire System - Sprinkler, Security Alarm
  • Bedrooms: Walk-in Closet
  • Laundry: Electricity Hookup (110V), Gas Hookup, In Utility Room, Upper Floor, Washer / Dryer
  • Flooring: Laminate, Slate, Tile
  • Additional Rooms: Utility Room
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Granite, Primary - Oversized Tub, Primary - Tub with Jets, Shower over Tub - 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • View: Park
  • Yard/Grounds: Fenced, Sprinklers - Auto
  • Fencing: Fenced Back, Wood
  • Construction Type: Shingle, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Common Parking Area
  • Electric Vehicle Hookup Type: Electric Vehicle Hookup Level 1 (120 volts)

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 172
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Annually
  • Association Fees Include: Insurance, Maintenance - Common Area, Management Fee, Security Service
  • H O A Name Text: University Square Owners' Association
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling, Walk-in Closet

Schools

  • School District: Sequoia Union High
  • Elementary School: Edison-Brentwood Academy
  • Middle School: Edison-McNair Academy
  • High School: Menlo-Atherton High
  • High School: 658
  • Elementary School: 612
  • Middle School: 774

Lot Info

  • Lot Description: Regular, Stream - Year Round, Surveyed
  • Parcel Number: 063-663-110
  • Lot Acres: 0.0803
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3500.00

Green Features

  • Energy Features: Thermostat Controller

Multi Family

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

MLS Schools

  • High School District Text: Sequoia Union High
  • Elementary School Text: Edison-Brentwood Academy
  • High School Text: Menlo-Atherton High
  • Middle School Text: Edison-McNair Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2013
Sold by
Shekhar Shashi and Shekhar Kasturi
Bought by
Shekhar Shashi and Shekhar Kasturi
Current Estimated Value
$1,551,886

Purchase Details

Closed on
Jun 14, 2002
Sold by
Ravenswood Village Llc
Bought by
Shekhar Shashi and Shekhar Kasturi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,200
Interest Rate
6%
Source: Public Records

Range of Values:

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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
Shekhar Shashi -- None Available
Shekhar Shashi $517,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Shekhar Shashi $150,000
Closed Shekhar Shashi $180,000
Closed Shekhar Shashi $210,000
Closed Shekhar Shashi $112,500
Closed Shekhar Shashi $305,000
Closed Shekhar Shashi $270,000
Closed Shekhar Shashi $359,650
Closed Shekhar Shashi $400,000
Closed Shekhar Shashi $410,000
Closed Shekhar Shashi $415,000
Closed Shekhar Shashi $416,000
Closed Shekhar Shashi $20,000
Closed Shekhar Shashi $413,200
Closed Shekhar Shashi $51,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $1,465,000 +8.5% $775 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
04/08/2023 04/08/23 For Sale $1,349,995 0.0% $714 / Sq Ft
11/10/2021 11/10/21 Rented $4,345 0.0% --
10/28/2021 10/28/21 Under Contract -- -- --
09/19/2021 09/19/21 Price Changed $4,345 -3.3% $2 / Sq Ft
08/27/2021 08/27/21 Price Changed $4,495 -2.2% $2 / Sq Ft
08/22/2021 08/22/21 Price Changed $4,595 -2.1% $2 / Sq Ft
08/13/2021 08/13/21 Price Changed $4,695 -2.1% $2 / Sq Ft
08/05/2021 08/05/21 For Rent $4,795 -- --
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 $18,434 $1,524,186 $762,093 $762,093
2023 $18,434 $733,412 $366,706 $366,706
2022 $9,365 $719,032 $359,516 $359,516
2021 $9,172 $704,934 $352,467 $352,467
2020 $9,037 $697,706 $348,853 $348,853
2019 $8,984 $684,026 $342,013 $342,013
2018 $8,807 $670,614 $335,307 $335,307
2017 $8,496 $657,466 $328,733 $328,733
2016 $8,329 $644,576 $322,288 $322,288
2015 $8,207 $634,894 $317,447 $317,447
2014 $8,137 $622,458 $311,229 $311,229
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81924014

MLSListings

APN: 063-663-110