NOT LISTED FOR SALE

229 Matadero Ave Palo Alto, CA 94306

Ventura Neighborhood

Estimated Value: $2,647,000 - $3,489,000

3 Beds
2 Baths
1,480 Sq Ft
$2,099/Sq Ft Est. Value

Last Sold December 07, 2016

Last sale price $2,100,000 $1,419 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $18,965/month

89 Days on Market

Highlights

  • Guest House
  • Breakfast Area or Nook
  • Laundry Room
  • Barron Park Elementary School Rated A+
  • Tandem Parking
  • 4-minute walk to Boulware Park

About This Home

As of December 2016

This cute, large lot charmer is updated and expanded with a fabulous interior and yard. An absolute turnkey -- 3 bed/2 bath main house with a detached converted garage. The converted garage is a lovely 1 bed/1 bath & full kitchen detached Guest House (unwarranted). Modern touches paired with a thoughtful design make this a wonderful place to call home. Enjoy an expanded and remarkable master suite with plenty of natural light, a walk-in closet and a walk-in shower. New kitchen & appliances, all windows & patio doors upgraded. Updated hardwood floors, New doors, electrical, heating, A/C & landscaping. Just a short distance from award winning Palo Alto schools: Barron Park (2013 API 820) • Terman (2013 API 968) • Gunn (2013 API 917). Plus the Guest House provides a rare Palo Alto opportunity for many possibilities: Extended Family, Au-pair, In-home Health Care Provider, Weekend guests or Extra income stream as a Rental!

Last Agent to Sell the Property

Paymon Ghafouri

Bay East AOR License #01375245 Listed on: 07/28/2016

Last Buyer's Agent

Paymon Ghafouri

Bay East AOR License #01375245 Listed on: 07/28/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,996

Year Built

  • Built in 1946

Lot Details

  • 7,100 Sq Ft Lot
  • Zoning described as R1

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,480 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Combination Dining and Living Room
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • Tandem Parking
  • Uncovered Parking
  • Off-Street Parking

Additional Homes

  • Guest House
  • 500 SF Accessory Dwelling Unit

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 132-35-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,996

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Age: 70
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 500
  • Structure Sq Ft: 1480
  • 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: Breakfast Nook, Dining Area in Living Room
  • Living Sq Ft: 1480
  • Stories: 1
  • Laundry: Hookups Only
  • Additional Rooms: Guest House, Laundry Room
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Tandem Parking, Uncovered Parking

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified
  • Elementary School: Barron Park Elementary
  • Middle School: Terman Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 310
  • Middle School: 323

Lot Info

  • Parcel Number: 132-35-007
  • Lot Acres: 0.1630
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7100.28
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7100.28

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: CG-Guest house

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Barron Park Elementary
  • High School Text: Henry M. Gunn High
  • Middle School Text: Terman Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2016
Closed on
Dec 5, 2016
Sold by
Geg Properties Llc
Bought by
Wang Yingcai and Fang Li
Seller's Agent
Paymon Ghafouri
Bay East AOR
Buyer's Agent
Paymon Ghafouri
Bay East AOR
List Price
$1,998,888
Sold Price
$2,100,000
Premium/Discount to List
$101,112
5.06%
Current Estimated Value
$3,106,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,006,057
Avg. Annual Appreciation
4.24%
Original Mortgage
$1,600,000
Outstanding Balance
$1,263,946
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,757,760

Purchase Details

Listed on
Sep 28, 2015
Closed on
Nov 9, 2015
Sold by
Ball Vaughn and Ball Svetlana
Bought by
Geg Properties Llc
Seller's Agent
Tim Foy
Midtown Realty
Buyer's Agent
Jake Gipson
Coldwell Banker Realty
List Price
$1,895,000
Sold Price
$1,640,000
Premium/Discount to List
-$255,000
-13.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.27%
Original Mortgage
$1,470,000
Interest Rate
3.71%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 8, 2015
Sold by
Ball Vaughn
Bought by
Ball Vaughn and Ball Svetlana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2015
Sold by
Tinsley Margaret
Bought by
Ball Vaughn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 1996
Sold by
Ball Lillian R
Bought by
Ball Lillian R

Purchase Details

Closed on
Apr 26, 1996
Sold by
Ball Lillian Ricks
Bought by
Ball Lillian R
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
Wang Yingcai $2,100,000 Old Republic Title Company
Geg Properties Llc $1,640,000 Old Republic Title Company
Ball Vaughn -- Orange Coast Title Co Norcal
Ball Vaughn -- Orange Coast Title
Ball Lillian R -- --
Ball Lillian R -- --
Ball Lillian R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Yingcai $765,000
Open Wang Yingcai $1,600,000
Previous Owner Geg Properties Llc $1,470,000
Previous Owner Ball Vaughn $255,000
Previous Owner Ball Vaughn $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2016 12/07/16 Sold $2,100,000 +5.1% $1,419 / Sq Ft
10/26/2016 10/26/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $1,998,888 +21.9% $1,351 / Sq Ft
11/16/2015 11/16/15 Sold $1,640,000 -3.2% $1,362 / Sq Ft
10/30/2015 10/30/15 Pending -- -- --
10/16/2015 10/16/15 Price Changed $1,695,000 -10.6% $1,408 / Sq Ft
09/28/2015 09/28/15 For Sale $1,895,000 -- $1,574 / 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 $28,996 $2,437,224 $2,205,110 $232,114
2024 $28,996 $2,389,436 $2,161,873 $227,563
2023 $28,568 $2,342,585 $2,119,484 $223,101
2022 $28,236 $2,296,653 $2,077,926 $218,727
2021 $27,678 $2,251,622 $2,037,183 $214,439
2020 $27,107 $2,228,536 $2,016,295 $212,241
2019 $26,823 $2,184,840 $1,976,760 $208,080
2018 $26,153 $2,142,000 $1,938,000 $204,000
2017 $25,694 $2,100,000 $1,900,000 $200,000
2016 $20,111 $1,640,000 $820,000 $820,000
2015 $1,532 $56,084 $27,469 $28,615
2014 -- $54,986 $26,931 $28,055
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Paymon Ghafouri

    Bay East AOR

  • Tim Foy

    Seller's Agent in 2015

    Tim Foy

    Midtown Realty

    (650) 387-5078

    3 in this area

    93 Total Sales

    Tim Foy
    Section Image

  • J

    Seller Co-Listing Agent in 2015

    Joann Weber

    Midtown Realty

    Section Image

  • J

    Buyer's Agent in 2015

    Jake Gipson

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81629239

MLSListings

APN: 132-35-007

California Santa Clara County Palo Alto 94306 Ventura

229 Matadero Ave, Palo Alto, CA

This home is located at 229 Matadero Ave, Palo Alto, CA 94306 since 28 July 2016 and is currently estimated at $3,106,057, approximately $2,098 per square foot. This property was built in 1946. 229 Matadero Ave is a home located in Santa Clara County with nearby schools including Barron Park Elementary School, Ellen Fletcher Middle, and Henry M. Gunn High School.

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