NOT LISTED FOR SALE

Estimated Value: $3,518,069 - $3,871,000

3 Beds
2 Baths
1,513 Sq Ft
$2,430/Sq Ft Est. Value

Last Sold November 10, 2016

Last sale price $2,200,000 $1,454 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $22,415/month

Highlights

  • Wood Flooring
  • Formal Dining Room
  • 2 Car Attached Garage
  • Walter Hays Elementary Rated A+
  • Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of April 2018

This is a rare rental property! The ranch style single story 3 BR/2 BA home with abundant natural light throughout the property. The spacious lot has many matures trees/ fruit trees/ and rose bushes which like an ideal setting for a park. This home provides many great amenities in modern daily living and has a great yard to plan outdoor entertaining year round. Brand new bathroom, Brand new hookup for stackable washer/dryer in the hallway. Water Heater/Dual Windows/ AC/Furnace are less than 2 years old and more.. A Great location to top schools - Walter Hays Elementary / David Starr Jordan Middle / Palo Alto High. 10 mins drive to StandFord Shopping Center, 25 mins to SFO/SJC/Major high tech companies. Looking for Tenants with Good Credit and longer lease term (2 years is preferable ), No pets. Non Smokers. Security Deposit is 2 mos.

Last Agent to Rent the Property

Ann Hsu

RE/MAX Gold Redwood Shores. License #01757686 Listed on: 04/03/2018

RE/MAX Gold Redwood Shores.

Last Renter's Agent

Ann Hsu

RE/MAX Gold Redwood Shores. License #01757686 Listed on: 04/03/2018

RE/MAX Gold Redwood Shores.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,414

Year Built

  • 1936

Lot Details

  • 6,599 Sq Ft Lot
  • Back Yard

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,513 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Formal Dining Room
  • Washer and Dryer

Kitchen

  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $14,000
  • Property Available on 4/3/18
  • 12-Month Min and 24-Month Max Lease Term

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,414

Year Built

1936

Lot Details

0

Parking

2

Rental Info

  • Available: 04/03/2018
  • Lease Terms: Deposit Required
  • Maximum Lease Months: 24
  • Minimum Lease Months: 12
  • Security Deposit: 14000

Listing Details

  • Subclass: House For Rent
  • Age: 82
  • Listing Class: Residential Lease/Rental
  • Structure Sq Ft: 1513
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1936

Interior Features

  • Family Room: No Family Room
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Gas, Dishwasher, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1513
  • Stories: 1
  • Laundry: Hookups Only, Washer / Dryer
  • Flooring: Hardwood, Tile
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Yard/Grounds: Back Yard

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central Ac
  • Heating System: Forced Air

Schools

  • School District: Palo Alto Unified
  • Elementary School: Walter Hays Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 315
  • Middle School: 329

Lot Info

  • Lot Acres: 0.1515
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2016
Closed on
Nov 1, 2016
Sold by
Burton Louise P and Allen Stephanie
Bought by
Kuo Jonathan and Kuo Weily
Seller's Agent
Irene Yang
Compass
Buyer's Agent
Diana Chao
Realty One Group - World Properties
List Price
$1,895,000
Sold Price
$2,200,000
Premium/Discount to List
$305,000
16.09%
Current Estimated Value
$3,677,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,477,017
Avg. Annual Appreciation
5.99%

Purchase Details

Listed on
Oct 13, 2016
Closed on
Oct 31, 2016
Sold by
Kuo Marco Kai Yuan
Bought by
Kuo Weily
Seller's Agent
Irene Yang
Compass
Buyer's Agent
Diana Chao
Realty One Group - World Properties
List Price
$1,895,000
Sold Price
$2,200,000
Premium/Discount to List
$305,000
16.09%

Purchase Details

Closed on
Apr 9, 2015
Sold by
Otnes Robert K
Bought by
Otnes Robert K

Purchase Details

Closed on
Apr 12, 2012
Sold by
Otnes Robert K
Bought by
Otnes Robert K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.84%
Mortgage Type
New Conventional
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
Kuo Jonathan $2,200,000 Old Republic Title Company
Kuo Weily -- Old Republic Title Company
Otnes Robert K -- None Available
Otnes Robert K -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Otnes Robert K $200,000
Previous Owner Otnes Robert K $140,000
Previous Owner Otnes Robert K $145,019
Previous Owner Otnes Robert K $250,000
Previous Owner Otnes Robert K $100,000
Previous Owner Otnes Robert K $129,930
Previous Owner Otnes Robert K $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2018 04/28/18 Rented $7,000 0.0% --
04/25/2018 04/25/18 Under Contract -- -- --
04/03/2018 04/03/18 For Rent $7,000 +16.7% --
01/12/2017 01/12/17 Rented $6,000 0.0% --
12/14/2016 12/14/16 For Rent $6,000 0.0% --
11/10/2016 11/10/16 Sold $2,200,000 +16.1% $1,454 / Sq Ft
10/19/2016 10/19/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $1,895,000 -- $1,252 / 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 $30,414 $2,553,283 $2,489,454 $63,829
2024 $30,414 $2,503,220 $2,440,642 $62,578
2023 $29,967 $2,454,138 $2,392,787 $61,351
2022 $29,621 $2,406,019 $2,345,870 $60,149
2021 $29,038 $2,358,843 $2,299,873 $58,970
2020 $28,439 $2,334,657 $2,276,291 $58,366
2019 $28,042 $2,288,880 $2,231,658 $57,222
2018 $27,271 $2,244,000 $2,187,900 $56,100
2017 $26,792 $2,200,000 $2,145,000 $55,000
2016 $3,287 $204,743 $81,946 $122,797
2015 $3,166 $201,669 $80,716 $120,953
2014 $3,009 $197,719 $79,135 $118,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81699011

MLSListings

APN: 124-04-006