NOT LISTED FOR SALE

2124 Cornell St Palo Alto, CA 94306

Estimated Value: $4,681,000 - $6,926,000

5 Beds
5 Baths
3,583 Sq Ft
$1,628/Sq Ft Est. Value

Last Sold April 11, 2016

Last sale price $4,120,000 $1,150 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $35,808/month

14 Days on Market

Highlights

  • Wood Flooring
  • Mediterranean Architecture
  • Zoned Heating and Cooling
  • Escondido Elementary School Rated A+
  • 1 Car Detached Garage
  • Family or Dining Combination

About This Home

As of April 2016

Gorgeous, artfully designed and constructed five bedroom and five bath home, with a separate apartment, on a charming College Terrace street. Beautifully designed by Arthur and Patrick Everett, this, 3,580 square foot home, built in 2006, is a truly elegant, one-of-a-kind property that has tastefully used imported materials from Europe and Mexico. There are Mexican roof tiles, 150 year old barn beams in the Terrace ceiling, antique carved teak ceiling in the music gallery, tobacco barn beech reclaimed hardwood floors throughout, rustic Italian stoneware tiles, and more. This is a very special home from the fine entry hall through to the well-appointed kitchen, to the large “Terrace Room” with its wall of Nana doors and windows that open to the tiled deck and garden.

Last Agent to Sell the Property

Monica Corman

Compass License #01111473 Listed on: 03/16/2016

Compass

Co-Listed By

Mandy Montoya

Compass License #01911643

Last Buyer's Agent

Cam Chan

Keller Williams Thrive License #01482775

Keller Williams Thrive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $57,169

Year Built

  • Built in 2007

Lot Details

  • 6,273 Sq Ft Lot
  • Level Lot
  • Zoning described as R1

Parking

  • 1 Car Detached Garage

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Tile Roof

Interior Spaces

  • 3,583 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Family or Dining Combination
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Zoned Heating and Cooling

Listing and Financial Details

  • Assessor Parcel Number 137-03-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$57,169

Year Built

Built in 2007

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean
  • Age: 9
  • Listing Class: Residential
  • Structure Sq Ft: 3583
  • Year Built: 2007
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Dining Area in Family Room
  • Living Sq Ft: 3583
  • Stories: 2
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tile
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Multi-Zone
  • Heating System: Heating - 2+ Zones
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 137-03-026
  • Lot Acres: 0.1440
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6250.86
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6250.86

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2016
Closed on
Apr 7, 2016
Sold by
Ferguson Bradley L and Ferguson Virginia
Bought by
Aware Us Investments Llc
Seller's Agent
Monica Corman
Compass
Buyer's Agent
Cam Chan
Keller Williams Thrive
List Price
$3,850,000
Sold Price
$4,120,000
Premium/Discount to List
$270,000
7.01%
Current Estimated Value
$5,832,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,712,473
Avg. Annual Appreciation
3.74%

Purchase Details

Closed on
Sep 30, 2003
Sold by
Ferguson Bradley L and Ferguson Virginia
Bought by
Ferguson Bradley L and Ferguson Virginia

Purchase Details

Closed on
Aug 24, 2000
Sold by
Arnold Rocky R and Moneca Holly
Bought by
Ferguson Bradley L and Ferguson Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
9.75%

Purchase Details

Closed on
Jul 21, 1998
Sold by
Arnold Rocky R
Bought by
Arnold Rocky Richard and Holly Moneca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
6.9%
Source: Public Records

Range of Values:

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Average Value
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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
Aware Us Investments Llc $4,120,000 Lawyers Title Company
Ferguson Bradley L -- --
Ferguson Bradley L $650,000 North American Title Co
Arnold Rocky Richard -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferguson Bradley L $487,500
Previous Owner Arnold Rocky Richard $227,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2016 04/11/16 Sold $4,120,000 +7.0% $1,150 / Sq Ft
03/31/2016 03/31/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $3,850,000 -- $1,075 / 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 $57,169 $4,877,239 $2,959,491 $1,917,748
2024 $57,169 $4,781,608 $2,901,462 $1,880,146
2023 $56,333 $4,687,852 $2,844,571 $1,843,281
2022 $55,691 $4,595,935 $2,788,796 $1,807,139
2021 $54,596 $4,505,819 $2,734,114 $1,771,705
2020 $53,453 $4,459,619 $2,706,080 $1,753,539
2019 $52,869 $4,372,176 $2,653,020 $1,719,156
2018 $51,398 $4,286,448 $2,601,000 $1,685,448
2017 $50,499 $4,202,400 $2,550,000 $1,652,400
2016 $19,121 $1,562,431 $413,683 $1,148,748
2015 $18,931 $1,538,963 $407,470 $1,131,493
2014 $18,520 $1,508,818 $399,489 $1,109,329
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Monica Corman

    Compass

    Section Image

  • M

    Seller Co-Listing Agent in 2016

    Mandy Montoya

    Compass

    Section Image

  • C

    Buyer's Agent in 2016

    Cam Chan

    Keller Williams Thrive

    Section Image
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Map

Source: MLSListings

MLS Number: ML81565631

MLSListings

APN: 137-03-026

California Santa Clara County Palo Alto 94306

2124 Cornell St, Palo Alto, CA

This home is located at 2124 Cornell St, Palo Alto, CA 94306 since 16 March 2016 and is currently estimated at $5,832,473, approximately $1,627 per square foot. This property was built in 2007. 2124 Cornell St is a home located in Santa Clara County with nearby schools including Escondido Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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