NOT LISTED FOR SALE

221 Santa Rita Ave Palo Alto, CA 94301

Old Palo Alto Neighborhood

Estimated Value: $2,805,000 - $6,583,000

2 Beds
1.5 Baths
994 Sq Ft
$4,910/Sq Ft Est. Value

Last Sold September 08, 2015

Last sale price $4,150,000 $4,175 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $31,333/month

2 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Dining Area
  • Walter Hays Elementary Rated A+
  • Floor Furnace
  • 5-minute walk to Bowden Park

About This Home

As of September 2015

Fabulous opportunity in prime Old Palo Alto with incredible location on beautiful tree-lined street. 50 X 150 lot with charming 2bd/1.5 cottage. Build your new dream home now, or rent or live in it until you are ready to build. Rare opportunity on highly desired Old PA street.

Last Agent to Sell the Property

Timothy Trailer

Compass License #00426209 Listed on: 08/27/2015

Compass

Last Buyer's Agent

Bob Kamangar

Christie's International Real Estate Sereno License #01229105

Christie's International Real Estate Sereno

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $59,366

Year Built

  • Built in 1946

Lot Details

  • 7,492 Sq Ft Lot
  • Zoning described as R1

Parking

  • 1 Car Attached Garage

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 994 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Dining Area
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Floor Furnace

Listing and Financial Details

  • Assessor Parcel Number 124-19-031

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,366

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Age: 69
  • Listing Class: Residential
  • Structure Sq Ft: 994
  • Year Built: 1946
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Dining Area
  • Living Sq Ft: 994
  • Stories: 1
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Floor Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 124-19-031
  • Lot Acres: 0.1720
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7499.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7499.00

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
Aug 27, 2015
Closed on
Sep 2, 2015
Sold by
Trask Virginia V
Bought by
Green Woods Trust and Rehmus Steve
Seller's Agent
Timothy Trailer
Compass
Buyer's Agent
Bob Kamangar
Christie's International Real Estate Sereno
List Price
$3,400,000
Sold Price
$4,150,000
Premium/Discount to List
$750,000
22.06%
Current Estimated Value
$4,880,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$730,460
Avg. Annual Appreciation
1.63%

Purchase Details

Closed on
Jun 23, 2006
Sold by
Trask Virginia Van Derveer
Bought by
Trask Virginia V and Virginia V Trask Trust

Purchase Details

Closed on
Nov 20, 2000
Sold by
Van Derveer Dena Trustee and Van Derveer Barbara Trustee
Bought by
Vanderveer Dena and Vanderveer Barbara
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
Green Woods Trust $4,150,000 Chicago Title Company
Trask Virginia V -- None Available
Vanderveer Dena -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2015 09/08/15 Sold $4,150,000 +22.1% $4,175 / Sq Ft
08/30/2015 08/30/15 Pending -- -- --
08/27/2015 08/27/15 For Sale $3,400,000 -- $3,421 / 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 $59,366 $5,068,051 $4,853,566 $214,485
2024 $59,366 $4,968,679 $4,758,399 $210,280
2023 $58,498 $4,871,255 $4,665,098 $206,157
2022 $57,831 $4,775,741 $4,573,626 $202,115
2021 $56,694 $4,682,100 $4,483,948 $198,152
2020 $55,474 $4,631,362 $4,437,971 $193,391
2019 $53,247 $4,404,012 $4,350,952 $53,060
2018 $51,766 $4,317,660 $4,265,640 $52,020
2017 $50,860 $4,233,000 $4,182,000 $51,000
2016 $49,534 $4,150,000 $4,100,000 $50,000
2015 $4,258 $287,296 $253,510 $33,786
2014 $4,084 $281,670 $248,545 $33,125
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Timothy Trailer

    Compass

    Section Image

  • B

    Buyer's Agent in 2015

    Bob Kamangar

    Sereno Group

    Section Image
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Map

Source: MLSListings

MLS Number: ML81511999

MLSListings

APN: 124-19-031

California Santa Clara County Palo Alto 94301 Old Palo Alto

221 Santa Rita Ave, Palo Alto, CA

This home is located at 221 Santa Rita Ave, Palo Alto, CA 94301 since 27 August 2015 and is currently estimated at $4,880,460, approximately $4,909 per square foot. This property was built in 1946. 221 Santa Rita Ave is a home located in Santa Clara County with nearby schools including Walter Hays Elementary, Frank S. Greene Jr. Middle, and Palo Alto High School.

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