NOT LISTED FOR SALE

228 Rinconada Ave Palo Alto, CA 94301

Old Palo Alto Neighborhood

Estimated Value: $4,423,387 - $5,505,000

4 Beds
2 Baths
2,571 Sq Ft
$1,880/Sq Ft Est. Value

Last Sold August 15, 2012

Last sale price $2,660,000 $1,035 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $29,359/month

Highlights

  • Wood Flooring
  • Open to Family Room
  • Forced Air Heating System
  • Walter Hays Elementary Rated A+
  • Kitchen Island
  • Washer and Dryer

About This Home

As of April 2018

4 bed 2 bath Mediterranean home in Old Palo Alto for rent with detached 250 sf in law unit. Main home ~ 2200 sf with 7500 sf lot. 250 sq. ft. cottage unit with private bath, shower, and sink. Tiled entry terrace, new paint, carpet. Custom cabinets, millwork, and hardwood flooring throughout with expansive master bedroom suite featuring soaking tub. Nursery/office off of master bedroom on second floor. Manicured lawn and landscaping including in monthly rent. Walter Hays Elementary, JLS Middle, Palo Alto High. Walking distance to JLS Middle, Rinconada Park, and California Avenue.

Last Agent to Rent the Property

Kevin Chiao

Kevin Chiao, Broker License #01912393 Listed on: 03/24/2018

Last Renter's Agent

Kevin Chiao

Kevin Chiao, Broker License #01912393 Listed on: 03/24/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,730

Year Built

  • 1926

Lot Details

  • 7,501

Parking

  • 2 Car Garage
  • No Garage

Interior Spaces

  • 2,571 Sq Ft Home
  • Wood Flooring
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 7,501 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Security Deposit $8,500
  • Property Available on 3/24/18
  • Rent includes gardener
  • 12-Month Lease Term

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,730

Year Built

1926

Lot Details

0

Parking

2

Rental Info

  • Available: 03/24/2018
  • Maximum Lease Months: 12
  • Minimum Lease Months: 12
  • Rent Includes: Gardener
  • Security Deposit: 8500

Listing Details

  • Subclass: House For Rent
  • Age: 92
  • Listing Class: Residential Lease/Rental
  • Structure Sq Ft: 2571
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1926

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Eat In Kitchen
  • Kitchen: Cooktop - Gas, Island, Microwave, Oven - Gas, Refrigerator
  • Living Sq Ft: 2571
  • Laundry: Washer / Dryer
  • Flooring: Hardwood
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: No Garage, Parking Area

Utilities

  • Heating System: Central 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: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2012
Closed on
Aug 13, 2012
Sold by
Kuo Liang Chieh and Kuo Lin Bih Hwa
Bought by
Leng Cheong Yin
Seller's Agent
Miles McCormick
Keller Williams Palo Alto
Buyer's Agent
Ida Ma
Intero Real Estate Services
List Price
$2,795,000
Sold Price
$2,660,000
Premium/Discount to List
-$135,000
-4.83%
Current Estimated Value
$4,833,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,173,129
Avg. Annual Appreciation
4.67%

Purchase Details

Closed on
Dec 17, 2004
Sold by
Kuo Liang Chieh and Kuo Lin Bih Hwa
Bought by
Kuo Liang Chieh and Kuo Lin Bih Hwa

Purchase Details

Closed on
Nov 12, 2004
Sold by
Kuo Liang Chieh and Kuo Lin Bih Hwa
Bought by
Kuo Liang Chieh and Kuo Lin Bih Hwa

Purchase Details

Closed on
Aug 5, 2002
Sold by
Kuo Liang Chieh and Kuo Lin Bih Hwa
Bought by
Kuo Liang Chieh and Kuo Lin Bih Hwa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.5%

Purchase Details

Closed on
Dec 6, 2001
Sold by
Bisharat George E and Bisharat Jaleh
Bought by
Kuo Liang Chieh and Kuo Lin Bih Hwa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.87%

Purchase Details

Closed on
Sep 10, 1998
Sold by
Jaleh Bisharat and Jaleh George E
Bought by
Bisharat George E and Bisharat Jaleh

Purchase Details

Closed on
Nov 29, 1993
Sold by
Kugler John and Ronzon Jamey Rae
Bought by
Bisharat George E and Bisharat Jaleh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
6.74%
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
Leng Cheong Yin $2,659,750 First American Title Company
Kuo Liang Chieh -- First American Title Company
Kuo Liang Chieh -- --
Kuo Liang Chieh -- --
Kuo Liang Chieh $400,000 Chicago Title
Kuo Liang Chieh $1,528,000 Financial Title Company
Bisharat George E -- --
Bisharat George E $737,500 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kuo Liang Chieh $600,000
Previous Owner Kuo Liang Chieh $500,000
Previous Owner Kuo Liang Chieh $325,000
Previous Owner Kuo Liang Chieh $786,000
Previous Owner Kuo Liang Chieh $794,000
Previous Owner Kuo Liang Chieh $800,000
Previous Owner Kuo Liang Chieh $800,000
Previous Owner Bisharat George E $590,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2018 04/30/18 Rented $8,500 0.0% --
04/19/2018 04/19/18 Under Contract -- -- --
04/03/2018 04/03/18 For Rent $8,500 0.0% --
03/29/2018 03/29/18 Under Contract -- -- --
03/24/2018 03/24/18 For Rent $8,500 0.0% --
08/15/2012 08/15/12 Sold $2,660,000 -4.8% $1,035 / Sq Ft
07/30/2012 07/30/12 Pending -- -- --
07/11/2012 07/11/12 For Sale $2,795,000 -- $1,087 / 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 $38,730 $3,275,591 $2,918,482 $357,109
2024 $38,730 $3,211,364 $2,861,257 $350,107
2023 $38,162 $3,148,397 $2,805,154 $343,243
2022 $37,723 $3,086,664 $2,750,151 $336,513
2021 $36,981 $3,026,142 $2,696,227 $329,915
2020 $36,213 $2,995,114 $2,668,581 $326,533
2019 $35,816 $2,936,387 $2,616,256 $320,131
2018 $34,827 $2,878,811 $2,564,957 $313,854
2017 $34,217 $2,822,364 $2,514,664 $307,700
2016 $33,322 $2,767,024 $2,465,357 $301,667
2015 $33,001 $2,725,462 $2,428,326 $297,136
2014 $32,364 $2,672,075 $2,380,759 $291,316
Source: Public Records

Agents Affiliated with this Home

  • Kevin Chiao

    Landlord's Agent in 2018

    Kevin Chiao

    Kevin Chiao, Broker

    (408) 246-8888

    23 Total Sales

    Kevin Chiao
    Section Image
  • Miles McCormick

    Seller's Agent in 2012

    Miles McCormick

    Keller Williams Palo Alto

    (650) 400-1001

    5 Total Sales

    Miles McCormick
    Section Image

  • I

    Buyer's Agent in 2012

    Ida Ma

    Intero Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81697832

MLSListings

APN: 124-19-014

California Santa Clara County Palo Alto 94301 Old Palo Alto

228 Rinconada Ave, Palo Alto, CA

This home is located at 228 Rinconada Ave, Palo Alto, CA 94301 since 24 March 2018 and is currently priced at $4,833,129. This property was built in 1926. 228 Rinconada 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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