21 Somerset Place Palo Alto, CA 94301
Crescent Park Neighborhood
4
Beds
3.5
Baths
2,600
Sq Ft
7,928
Sq Ft Lot
Highlights
- Formal Dining Room
- Open to Family Room
- 1-Story Property
- Duveneck Elementary School Rated A+
- Forced Air Heating and Cooling System
About This Home
As of February 2025Bathed in natural light and exuding modern luxury, this home on a sought-after Crescent Park cul de sac is recently remodeled with extensive upgrades. A fully functional floorplan, versatile spaces, and low-maintenance features offer refinement and ease. Open living and dining rooms and a sophisticated island kitchen with breakfast/family area provide plenty of space for both gatherings and everyday living. The main sleeping wing hosts three bedrooms, including a primary suite with outdoor access. A second primary ensuite is privately located at the second floor. Entertain or unwind in a backyard haven with fruit trees, easy-care landscaping, and multiple seating areas. Enjoy luxury bath remodels, new quartz countertops, multiple skylights, and red oak floors. Nestled away from downtown distractions, the location lends excellent access to shopping, dining, tech, and top-performing schools like Duveneck Elementary, Greene Middle, and Palo Alto High (buyer to verify).
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $52,112
Year Built
- Built in 2000
Lot Details
- 7,928 Sq Ft Lot
- Zoning described as R1
Parking
- 2 Car Garage
Home Design
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,600 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Formal Dining Room
- Crawl Space
- Open to Family Room
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 003-27-065
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2025
Closed on
Feb 12, 2025
Sold by
Zhang Guanglei and Wan Yang
Bought by
Li Miao and Li Jing
Seller's Agent
Xin Jiang
Compass
Buyer's Agent
Bali Liu
Coldwell Banker Realty
List Price
$5,800,000
Sold Price
$5,660,000
Premium/Discount to List
-$140,000
-2.41%
Views
44
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,711
Original Mortgage
$3,780,000
Outstanding Balance
$3,771,518
Interest Rate
5.38%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 3, 2020
Closed on
Jul 20, 2020
Sold by
Sinton Steven W and Yost Sharon M
Bought by
Zhang Guanglei and Wan Yang
Seller's Agent
Pasima Arikat
Millennium Properties
Buyer's Agent
Michael Arikat
Millennium Properties
List Price
$4,100,000
Sold Price
$4,100,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%
Original Mortgage
$2,300,000
Interest Rate
5.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 8, 1994
Sold by
Hill Betty H
Bought by
Sinton Steven W and Yost Sharon M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
3.95%
Similar Homes in Palo Alto, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $5,660,000 | Chicago Title | |
| Grant Deed | $4,100,000 | Old Republic Title Company | |
| Grant Deed | $620,000 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,780,000 | New Conventional | |
| Previous Owner | $1,790,000 | New Conventional | |
| Previous Owner | $2,300,000 | New Conventional | |
| Previous Owner | $478,000 | New Conventional | |
| Previous Owner | $70,000 | Credit Line Revolving | |
| Previous Owner | $650,000 | Unknown | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $440,000 | Unknown | |
| Previous Owner | $440,000 | Unknown | |
| Previous Owner | $440,000 | Unknown | |
| Previous Owner | $460,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/24/2025 02/24/25 | Sold | $5,660,000 | -2.4% | $2,177 / Sq Ft |
| 01/15/2025 01/15/25 | Pending | -- | -- | -- |
| 01/08/2025 01/08/25 | For Sale | $5,800,000 | +41.5% | $2,231 / Sq Ft |
| 07/29/2020 07/29/20 | Sold | $4,100,000 | 0.0% | $1,577 / Sq Ft |
| 06/10/2020 06/10/20 | Pending | -- | -- | -- |
| 04/03/2020 04/03/20 | For Sale | $4,100,000 | -- | $1,577 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $52,112 | $4,350,952 | $3,714,228 | $636,724 |
| 2023 | $52,112 | $4,265,640 | $3,641,400 | $624,240 |
| 2022 | $50,763 | $4,182,000 | $3,570,000 | $612,000 |
| 2021 | $49,765 | $4,100,000 | $3,500,000 | $600,000 |
| 2020 | $17,458 | $1,408,799 | $481,779 | $927,020 |
| 2019 | $17,261 | $1,381,177 | $472,333 | $908,844 |
| 2018 | $16,795 | $1,354,096 | $463,072 | $891,024 |
| 2017 | $16,498 | $1,327,546 | $453,993 | $873,553 |
| 2016 | $16,062 | $1,301,517 | $445,092 | $856,425 |
| 2015 | $15,902 | $1,281,968 | $438,407 | $843,561 |
| 2014 | $15,539 | $1,256,857 | $429,820 | $827,037 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Xin Jiang
Compass
(650) 283-8379
8 in this area
59 Total Sales
-
Buyer's Agent in 2025
Bali Liu
Coldwell Banker Realty
(650) 889-0570
2 in this area
72 Total Sales
-
Seller's Agent in 2020
Pasima Arikat
Millennium Properties
(707) 824-9000
26 Total Sales
-
Buyer's Agent in 2020
Michael Arikat
Millennium Properties
(415) 861-9590
23 Total Sales
Map
Source: MLSListings
MLS Number: ML81989758
APN: 003-27-065
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