$3,430,000
SOLD OCT 15, 2024
3 Beds
2 Baths
1,327 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$2,585 Per Sq Ft

7% Below List Price

7 Days on Market

Highlights

  • Wood Flooring
  • Tudor Architecture
  • Formal Dining Room
  • Walter Hays Elementary Rated A+
  • High Ceiling
  • Balcony

About This Home

As of October 2024

Discover Old Palo Alto and this historic 3 bed, 2 bath Stedman home with a detached ADU including a third full bathroom and kitchette. So many possibilities for the ADU- guest quarters, in-law unit, office, kids space or rental income (Buyer to verify square footage of house and ADU). New exterior paint and updated double pane windows and skylights bring in the light while the well-insulated traditional style roof maintains the esthetics of the design. Built in 1935 of old growth Redwood, the quality and craftsmanship are unparalleled. Spacious living room with open beam ceilings and signature Stedman fireplace to enjoy on a winter evening. Enjoy a summer evening on the block paver patio overlooking the low maintenance, drought tolerant garden. The nicely separated floor plan provides privacy to the primary bedroom with attached ensuite bathroom with two other bedrooms down the hall. Plenty of storage in the walk-in closets with custom shelves and lights. More storage is available in the basement which houses the new water heater and furnace. Top P.A. Schools: Walter Hays, Greene & Paly. Convenient to Stanford, Midtown shopping, parks and Caltrain.

Last Agent to Sell the Property

Kimberly Carter

Coldwell Banker Realty License #01963664 Listed on: 09/12/2024

Coldwell Banker Realty

Last Buyer's Agent

Zehong Zhang

Maxreal License #01970276

Maxreal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,027

Year Built

  • Built in 1935

Lot Details

  • 6,098 Sq Ft Lot
  • Sprinklers on Timer
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard Fenced
  • Zoning described as R1

Home Design

  • Tudor Architecture
  • Cottage
  • Wood Frame Construction
  • Ceiling Insulation
  • Wood Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,327 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Skylights in Kitchen
  • Wood Burning Fireplace
  • Double Pane Windows
  • Separate Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Storage Room
  • Utility Room
  • Unfinished Basement
  • Sump Pump

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in Garage
  • Washer and Dryer

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Shed
  • Barbecue Area

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 124-05-053

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,027

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage, Ranch, Tudor
  • Age: 89
  • Listing Class: Residential
  • Structure Sq Ft: 1327
  • Year Built: 1935
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Countertop - Tile, Dishwasher, Microwave, Oven Range - Gas, Pantry, Refrigerator, Skylight
  • Living Sq Ft: 1327
  • Stories: 1
  • Laundry: In Garage, Washer / Dryer
  • Flooring: Tile, Wood
  • Additional Rooms: Basement - Unfinished, Storage, Utility Room
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Primary - Stall Shower(s), Shower and Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition, Wood Shakes / Shingles
  • Yard/Grounds: Back Yard, Balcony / Patio, BBQ Area, Drought Tolerant Plants, Fenced, Low Maintenance, Sprinklers - Auto, Storage Shed / Structure
  • Fencing: Fenced Back, Wood
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Off-Street Parking, On Street, Uncovered Parking

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public, Sump Pump

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-in Closet

Schools

  • School District: Palo Alto Unified
  • Elementary School: Walter Hays Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 315
  • Middle School: 329

Lot Info

  • Parcel Number: 124-05-053
  • Lot Acres: 0.1400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6098.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6098.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Skylight

Multi Family

  • Utilities: Natural Gas, Public Utilities
  • Second Unit Description: utility basemen

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Walter Hays Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Frank S. Greene Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Sep 26, 2024
Sold by
Banks Family Trust and Banks David B
Bought by
Yang Chenguang and Zhu Ava
Seller's Agent
Kimberly Carter
Coldwell Banker Realty
Buyer's Agent
Zehong Zhang
Maxreal
List Price
$3,695,000
Sold Price
$3,430,000
Premium/Discount to List
-$265,000
-7.17%
Views
25
Current Estimated Value
$3,464,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,536
Avg. Annual Appreciation
1.03%
Original Mortgage
$2,744,000
Outstanding Balance
$2,715,153
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$749,383

Purchase Details

Closed on
Jun 4, 2020
Sold by
Banks Janice L and Banks David B
Bought by
Banks Janice L and Banks David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2012
Sold by
Banks David B and Banks Janice L
Bought by
Banks David B and Banks Janice L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2004
Sold by
Banks David B and Banks Janice L
Bought by
Banks David B and Banks Janice L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 1998
Sold by
Banks David and Banks Janice L
Bought by
Banks David B and Banks Janice L
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 Type Sale Price Title Company
Grant Deed $3,430,000 Cornerstone Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,744,000 New Conventional
Previous Owner $250,000 New Conventional
Previous Owner $300,000 New Conventional
Previous Owner $377,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2024 10/15/24 Sold $3,430,000 -7.2% $2,585 / Sq Ft
09/20/2024 09/20/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $3,695,000 -- $2,784 / 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 $11,027 $3,430,000 $3,230,000 $200,000
2024 $11,027 $934,804 $467,402 $467,402
2023 $10,865 $916,476 $458,238 $458,238
2022 $10,739 $898,506 $449,253 $449,253
2021 $10,525 $880,890 $440,445 $440,445
2020 $10,301 $871,858 $435,929 $435,929
2019 $10,189 $854,764 $427,382 $427,382
2018 $9,915 $838,004 $419,002 $419,002
2017 $9,741 $821,574 $410,787 $410,787
2016 $9,475 $805,466 $402,733 $402,733
2015 $9,384 $793,368 $396,684 $396,684
2014 $9,250 $777,828 $388,914 $388,914
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81980102

MLSListings

APN: 124-05-053