NOT LISTED FOR SALE

Estimated Value: $4,127,000 - $5,663,000

4 Beds
3 Baths
3,800 Sq Ft
$1,341/Sq Ft Est. Value

Last Sold August 02, 2013

Last sale price $2,445,000 $643 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $31,458/month

126 Days on Market

Highlights

  • Art Studio
  • Wine Cellar
  • Marble Flooring
  • Addison Elementary School Rated A+
  • Deck
  • 3-minute walk to Cogswell Plaza

About This Home

As of August 2013

Location, Location, Location. Spacious downtown home just a few blocks from University. 4 bds & 3 baths; plenty of room lrg family. Gourmet kitchen w/attached family rm; open floor plan w/family & living rm. Lower level has entertainment rm, wkout rm, sauna, + lrg 2nd family or 5th bdrm w/lots of natural light. Top rated Palo Alto Schools. Stroll from Johnson park 2 1/2 blks to downtown.

Last Agent to Sell the Property

Denise Villeneuve

Intero Real Estate Services License #01794615 Listed on: 02/19/2013

Intero Real Estate Services

Last Buyer's Agent

Hanna Shacham

Coldwell Banker Realty License #01073658

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,443

Year Built

  • Built in 1910

Lot Details

  • Fenced
  • Level Lot
  • Sprinklers on Timer
  • Zoning described as RM2

Home Design

  • Victorian Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Bay Window
  • Formal Entry
  • Wine Cellar
  • Separate Family Room
  • Breakfast Room
  • Formal Dining Room
  • Library
  • Bonus Room
  • Art Studio
  • Gas Dryer Hookup
  • Attic

Kitchen

  • Built-In Self-Cleaning Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Parking

  • 1 Carport Space
  • Tandem Parking
  • Guest Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Thermostat
  • 220 Volts
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 120-14-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,443

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Style: Victorian
  • Age: 103
  • Sale Price Per Sq Ft: 643.42
  • Listing Class: Residential
  • Structure Sq Ft: 3800
  • Barclay Horizontal: 7
  • Barclays Page: 12
  • Incorporated: Yes
  • Map Book Page: 790
  • Map Book Page Secondary: 12
  • Map Side Coordinate: 4
  • Map Side Coordinate Secondary: 84
  • Map Top Coordinate: H
  • Map Top Coordinate Secondary: 7
  • Thomas Bros Page: 790
  • Thomas Brothers: H4
  • Year Built: 1910
  • Zoning Description: RM2
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Dining Room: Formal Dining Room, Breakfast Room
  • Kitchen: Dishwasher, Cooktop, Garbage Disposal, Refrigerator, Oven - Self Cleaning, Oven - Built-In, 220 Volt Outlet, Hookups - Gas
  • Living Sq Ft: 3800
  • Stories: 2
  • Laundry: In Laundry Room, Gas Hookup
  • Flooring: Tile, Carpet - Wall to Wall, Hardwood, Marble
  • Additional Rooms: Bonus / Hobby Room, Library, Rec/Rumpus Room, Artist Studio, Formal Entry, Basement - Full, Attic, Wine Cellar / Storage
  • Maximum Bathrooms: 3
  • Maximum Numberof Bedrooms: 4
  • Minimum Bathrooms: 3
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Showers over Tubs - 2+, Tubs - 2+, Stall Shower, Tub in Primary Bedroom

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Pool Description: Pool - No
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Patio(s), Sprinkler(s) - Front, Sprinkler(s) - Rear, Sprinklers - Auto, BBQ Area, Deck, Fenced
  • Exterior: Shingles, Stucco

Garage/Parking

  • Garage Parking Features: Guest / Visitor Parking, Off-Street Parking, RV/Boat Parking, Tandem Parking
  • Carport Max: 1
  • Carport Min: 1

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Bay Window

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 120-14-011
  • List Price per Sq Ft: 707.89
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5760.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5760.00
  • Lot Size Area Min Search: 5760.00
  • Maximum Lot Size: 5760.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Green Features

  • Energy Features: Skylight Tube(s), Thermostat Controller

Multi Family

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

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Addison Elementary
  • High School Text: Palo Alto High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2014
Sold by
Chung Patrick S and Burt Matthew F
Bought by
Burt Chung Community Property Trust and Burt Matthew F
Total Days on Market
126
Current Estimated Value
$5,097,155

Purchase Details

Listed on
Feb 19, 2013
Closed on
Jul 30, 2013
Sold by
J Edison Corporation
Bought by
Chung Patrick S and Burt Matthew F
Seller's Agent
Denise Villeneuve
Intero Real Estate Services
Buyer's Agent
Hanna Shacham
Coldwell Banker Realty
List Price
$2,690,000
Sold Price
$2,445,000
Premium/Discount to List
-$245,000
-9.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$200,000
Interest Rate
4.51%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 1, 1999
Sold by
Portman John Lewis
Bought by
J Edison Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 21, 1999
Sold by
J Edison Corporation
Bought by
Portman John Lewis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 12, 1997
Sold by
Maxwell Richard B
Bought by
J Edison Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 15, 1996
Sold by
Maxwell Richard B and Maxwell Sarah C
Bought by
Maxwell Richard B and Maxwell Sarah C
Source: Public Records

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Range of Values:

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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
Burt Chung Community Property Trust -- None Available
Chung Patrick S $2,445,000 Old Republic Title Company
J Edison Corp -- --
Portman John Lewis -- Old Republic Title Company
J Edison Corp $700,000 Old Republic Title Company
Maxwell Richard B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chung Patrick S $1,956,000
Closed Chung Patrick S $200,000
Closed Chung Patrick S $1,956,000
Previous Owner Portman James M $600,000
Previous Owner Portman James M $1,000,000
Previous Owner J Edison Corp $250,000
Previous Owner J Edison Corp $1,400,000
Previous Owner J Edison Corp $850,000
Previous Owner Portman John Lewis $650,000
Previous Owner J Edison Corp $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2013 08/02/13 Sold $2,445,000 -9.1% $643 / Sq Ft
07/18/2013 07/18/13 Pending -- -- --
06/15/2013 06/15/13 For Sale $2,690,000 +10.0% $708 / Sq Ft
06/15/2013 06/15/13 Off Market $2,445,000 -- --
06/02/2013 06/02/13 Price Changed $2,690,000 -3.2% $708 / Sq Ft
05/31/2013 05/31/13 For Sale $2,780,000 0.0% $732 / Sq Ft
05/23/2013 05/23/13 Pending -- -- --
05/05/2013 05/05/13 Price Changed $2,780,000 -7.0% $732 / Sq Ft
04/13/2013 04/13/13 Price Changed $2,988,888 -6.3% $787 / Sq Ft
03/14/2013 03/14/13 For Sale $3,190,000 -- $839 / 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 $35,443 $2,938,457 $2,710,115 $228,342
2023 $34,921 $2,880,841 $2,656,976 $223,865
2022 $34,518 $2,824,355 $2,604,879 $219,476
2021 $33,837 $2,768,976 $2,553,803 $215,173
2020 $33,135 $2,740,584 $2,527,617 $212,967
2019 $32,769 $2,686,848 $2,478,056 $208,792
2018 $31,864 $2,634,166 $2,429,467 $204,699
2017 $31,305 $2,582,517 $2,381,831 $200,686
2016 $30,485 $2,531,880 $2,335,129 $196,751
2015 $30,188 $2,493,850 $2,300,054 $193,796
2014 $29,612 $2,445,000 $2,255,000 $190,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81308074

MLSListings

APN: 120-14-011