$9,000,000
SOLD OCT 25, 2012
5 Beds
4 Baths
2,651 Sq Ft
0.61 Acres

Recently Sold

$3,395 Per Sq Ft

22% Below List Price

145 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Formal Dining Room
  • Walter Hays Elementary Rated A+
  • Spanish Architecture
  • 2 Car Detached Garage

About This Home

As of January 2014

An Exceptional, One-time Opportunity To Own An Extremely Rare, Immense 26,344 sq ft lot (buyer to verify) in the Old Palo Alto Legendary Locale. On the corner of Santa Rita Ave & Waverley St, this dream building site is located in the prime, heart of Old PA. This premiere flat 0.6 acre lot also includes the existing 2,651 sq ft, 5BR/4BA home built in 1929.

Last Agent to Sell the Property

Hanna Shacham

Coldwell Banker Realty License #01073658 Listed on: 05/04/2012

Coldwell Banker Realty

Last Buyer's Agent

Mary Gullixson

Compass License #70001879

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $161,850

Year Built

  • Built in 1929

Lot Details

  • Level Lot
  • Zoning described as R192

Parking

  • 2 Car Detached Garage

Home Design

  • Spanish Architecture
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,651 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 124-09-014

Home Details

Home Type

Single Family

Est. Annual Taxes

$161,850

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Spanish
  • Age: 83
  • Sale Price Per Sq Ft: 3394.95
  • Listing Class: Residential
  • Structure Sq Ft: 2651
  • Barclay Horizontal: 10
  • Barclays Page: 12
  • Incorporated: Yes
  • Map Book Page: 791
  • Map Book Page Secondary: 12
  • Map Side Coordinate: 6
  • Map Side Coordinate Secondary: 82
  • Map Top Coordinate: B
  • Map Top Coordinate Secondary: 10
  • Thomas Bros Page: 791
  • Thomas Brothers: B6
  • Year Built: 1929
  • Zoning Description: R192
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Wood Burning, Yes
  • Dining Room: Formal Dining Room, No Informal Dining Room
  • Living Sq Ft: 2651
  • Stories: 2
  • Flooring: Hardwood
  • Maximum Bathrooms: 4
  • Maximum Numberof Bedrooms: 5
  • Minimum Bathrooms: 4
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Total Bedrooms: 5

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Tile
  • View: Local/Neighborhood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 124-09-014
  • List Price per Sq Ft: 3866.47
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 26344.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 26344.00
  • Lot Size Area Min Search: 26344.00
  • Maximum Lot Size: 26344.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Multi Family

  • Maximum Building Height: 2
  • Minimum Building Height: 2

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2013
Closed on
Jan 9, 2014
Sold by
Bamford Roger J
Bought by
The Heights Residence Llc
Seller's Agent
Mary Gullixson
Compass
Buyer's Agent
Alireza Faghiri
Compass
List Price
$12,000,000
Sold Price
$11,400,000
Premium/Discount to List
-$600,000
-5%
Current Estimated Value
$25,288,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,888,532
Avg. Annual Appreciation
6.70%

Purchase Details

Listed on
May 4, 2012
Closed on
Oct 22, 2012
Sold by
Boyett Susan Patricia
Bought by
Bamford Roger J
Seller's Agent
Hanna Shacham
Coldwell Banker Realty
Buyer's Agent
Mary Gullixson
Compass
List Price
$11,495,000
Sold Price
$9,000,000
Premium/Discount to List
-$2,495,000
-21.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.38%

Purchase Details

Closed on
Sep 19, 2011
Sold by
Boyett Juanita E
Bought by
Boyett Juanita Elizabeth
Source: Public Records

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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
Grant Deed $11,399,750 First American Title Company
Grant Deed $8,999,750 First American Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $5,250,000 Construction
Previous Owner $3,600,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $250,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2014 01/14/14 Sold $11,400,000 -5.0% $4,300 / Sq Ft
01/08/2014 01/08/14 Pending -- -- --
10/29/2013 10/29/13 For Sale $12,000,000 +33.3% $4,527 / Sq Ft
10/25/2012 10/25/12 Sold $9,000,000 -12.2% $3,395 / Sq Ft
09/26/2012 09/26/12 Pending -- -- --
09/14/2012 09/14/12 Price Changed $10,250,000 -10.8% $3,866 / Sq Ft
05/04/2012 05/04/12 For Sale $11,495,000 -- $4,336 / 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
2024 $161,850 $13,700,824 $13,700,824 --
2023 $159,491 $13,432,181 $13,432,181 $0
2022 $157,692 $13,168,805 $13,168,805 $0
2021 $154,594 $12,910,594 $12,910,594 $0
2020 $151,323 $12,778,212 $12,778,212 $0
2019 $149,681 $12,527,659 $12,527,659 $0
2018 $145,468 $12,282,019 $12,282,019 $0
2017 $142,926 $12,041,196 $12,041,196 $0
2016 $139,211 $11,805,095 $11,805,095 $0
2015 $137,892 $11,627,772 $11,627,772 $0
2014 $107,653 $9,040,859 $9,033,828 $7,031
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81216663

MLSListings

APN: 124-09-014