NOT LISTED FOR SALE

2015 Amherst St Palo Alto, CA 94306

Estimated Value: $2,636,000 - $5,210,619

3 Beds
2 Baths
1,485 Sq Ft
$2,648/Sq Ft Est. Value

Last Sold July 03, 2019

Last sale price $2,850,000 $1,919 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $27,040/month

88 Days on Market

Highlights

  • Living Room with Fireplace
  • Forced Air Heating System
  • 1-Story Property
  • Escondido Elementary School Rated A+

About This Home

As of July 2019

Located in the heart of Palo Alto's College Terrace neighborhood. Large 11,000 square foot lot right on Stanford University's doorstep. Ideal investment or development opportunity. Two rentable units (2 bed/1 bath and 1 bed/1 bath) on a quiet street with no drive through traffic. Close to the California Avenue shopping district and Highway 280. Purchase subject to a 1 year lease on both units.

Last Agent to Sell the Property

Michael Dreyfus

Golden Gate Sotheby's International Realty License #01121795 Listed on: 03/29/2019

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Michael Repka

Deleon Realty License #70010006

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $63,045

Year Built

  • Built in 1955

Lot Details

  • 0.26 Acre Lot
  • Zoning described as R1

Parking

  • 4 Car Garage
  • Off-Street Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,485 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 137-07-038

Home Details

Home Type

Single Family

Est. Annual Taxes

$63,045

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Subclass: Single Family Home
  • Age: 64
  • Listing Class: Residential
  • Structure Sq Ft: 1485
  • Year Built: 1955
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining Area in Living Room
  • Living Sq Ft: 1485
  • Stories: 1
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Garage Max: 4
  • Garage Min: 4
  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified
  • Elementary School: Escondido Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 313
  • Middle School: 329

Lot Info

  • Parcel Number: 137-07-038
  • Lot Acres: 0.2553
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11122.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11122.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Escondido Elementary
  • 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
Mar 29, 2019
Closed on
Jun 28, 2019
Sold by
Jones Stephen and Jones Rebecca
Bought by
Matlof Jason Robert and Matlof Leslie Prudler
Seller's Agent
Michael Dreyfus
Golden Gate Sotheby's International Realty
Buyer's Agent
Michael Repka
Deleon Realty
List Price
$3,495,000
Sold Price
$2,850,000
Premium/Discount to List
-$645,000
-18.45%
Current Estimated Value
$3,979,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,129,009
Avg. Annual Appreciation
4.71%

Purchase Details

Closed on
May 23, 2009
Sold by
Jones Stephen Joseph
Bought by
Jones Gertrude E

Purchase Details

Closed on
Jan 10, 2007
Sold by
Jones Rebecca Mary
Bought by
Jones Stephen Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 1996
Sold by
Jones Robert A and Jones Gertrude O
Bought by
Jones Stephen Joseph and Jones Rebecca Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
8.23%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Matlof Jason Robert $2,850,000 Chicago Title Company
Jones Gertrude E -- Accommodation
Jones Stephen Joseph -- Alliance Title Company
Jones Stephen Joseph $273,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Gertrude E $938,250
Previous Owner Jones Stephen Joseph $325,000
Previous Owner Jones Stephen Joseph $273,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2019 07/03/19 Sold $2,850,000 -4.8% $1,919 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
06/14/2019 06/14/19 Price Changed $2,995,000 -14.3% $2,017 / Sq Ft
03/29/2019 03/29/19 For Sale $3,495,000 -- $2,354 / 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 $63,045 $5,387,550 $3,105,953 $2,281,597
2024 $63,045 $5,281,912 $3,045,052 $2,236,860
2023 $62,123 $5,178,346 $2,985,346 $2,193,000
2022 $50,154 $4,130,810 $2,926,810 $1,204,000
2021 $35,062 $2,869,422 $2,869,422 $0
2020 $34,505 $2,850,000 $2,840,000 $10,000
2019 $8,351 $700,006 $532,175 $167,831
2018 $8,129 $686,282 $521,741 $164,541
2017 $7,986 $672,826 $511,511 $161,315
2016 $7,765 $659,634 $501,482 $158,152
2015 $7,690 $649,727 $493,950 $155,777
2014 -- $637,001 $484,275 $152,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81744760

MLSListings

APN: 137-07-038