$12,200,000
SOLD DEC 5, 2017
8 Beds
4 Baths
1,100 Sq Ft
0.46 Acres

Recently Sold

$11,091 Per Sq Ft

5% Below List Price

17 Days on Market

Highlights

  • 0.46 Acre Lot
  • Living Room with Fireplace
  • 5 Car Detached Garage
  • Walter Hays Elementary Rated A+
  • Formal Dining Room
  • Floor Furnace

About This Home

As of December 2017

Tremendous Opportunity to build or invest with this rare ±20,000 sf lot located in coveted Old Palo Alto. Located in the heart of Palo Alto with many nearby amenities: Stanford University, Downtown Palo Alto, Town & Country Village, Palo Alto High School, Rinconada Park and Gamble Gardens...Great Palo Alto schools: Walter Hays Elementary School, Jordan Middle School, Palo Alto High School. The property has 4 charming 2-bedroom, 1-bath bungalows with detached garages and yard space. Two of the bungalows are currently rented on a month to month basis while two of them are currently vacant. Projected rents for each the vacant units is $4,300 per month. Perfectly situated with mature trees on the perimeter, this rectangular 100 wide by 200 deep lot is ideal for someone to build their estate home. Per the city (buyers to verify): - Zoned R-1 - Cannot be sub-divided - Not in flood zone - Max Floor Area 6,750 (not including basement)

Last Agent to Sell the Property

Pamela Page

Compass License #00858214 Listed on: 09/14/2017

Co-Listed By

Nadr Essabhoy

Compass License #01085354

Last Buyer's Agent

Vivian Jiang

Realty One Group - World Properties License #01380838

Realty One Group - World Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $160,835

Year Built

  • Built in 1941

Lot Details

  • 0.46 Acre Lot
  • Zoning described as R1B1

Parking

  • 5 Car Detached Garage

Home Design

  • Wood Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,100 Sq Ft Home
  • Living Room with Fireplace
  • 4 Fireplaces
  • Formal Dining Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Floor Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 124-16-025 04

Home Details

Home Type

Single Family

Est. Annual Taxes

$160,835

Year Built

Built in 1941

Lot Details

0

Parking

5

Listing Details

  • Subclass: Single Family Home
  • Age: 76
  • Listing Class: Residential
  • Structure Sq Ft: 1100
  • Incorporated: Yes
  • Year Built: 1941
  • Zoning Description: R1B1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Formal Dining Room
  • Living Sq Ft: 1100
  • Fireplaces Min: 4
  • Maximum Numberof Bedrooms: 8
  • Minimum Numberof Bedrooms: 8
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Wood Shakes / Shingles

Garage/Parking

  • Garage Spaces: 5
  • Garage Max: 5
  • Garage Min: 5
  • Garage Parking Features: Detached Garage

Utilities

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

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

  • Parcel Number: 124-16-025 04
  • Lot Acres: 0.4591
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20000.00

Rental Info

  • Current Rent: 7000

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Walter Hays Elementary
  • High School Text: Palo Alto High
  • Middle School Text: David Starr Jordan Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2017
Closed on
Nov 14, 2017
Sold by
Hunt Jonathan O and Hunt Barbara J
Bought by
Waterbridge Llc
Seller's Agent
Pamela Page
Compass
Buyer's Agent
Vivian Jiang
Realty One Group - World Properties
List Price
$12,800,000
Sold Price
$12,200,000
Premium/Discount to List
-$600,000
-4.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.92%
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 Type Sale Price Title Company
Grant Deed $12,200,000 Chicago Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 For Sale $13,888,000 +13.8% $3,104 / Sq Ft
12/05/2017 12/05/17 Sold $12,200,000 -4.7% $11,091 / Sq Ft
10/02/2017 10/02/17 Pending -- -- --
09/14/2017 09/14/17 For Sale $12,800,000 -- $11,636 / 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 $160,835 $13,609,331 $13,252,366 $356,965
2023 $158,491 $13,342,482 $12,992,516 $349,966
2022 $156,701 $13,080,865 $12,737,761 $343,104
2021 $153,622 $12,824,378 $12,488,001 $336,377
2020 $150,372 $12,692,880 $12,359,952 $332,928
2019 $148,741 $12,444,000 $12,117,600 $326,400
2018 $144,562 $12,200,000 $11,880,000 $320,000
2017 $3,659 $232,276 $97,124 $135,152
2016 $3,558 $227,722 $95,220 $132,502
2015 $3,516 $224,302 $93,790 $130,512
2014 -- $219,909 $91,953 $127,956
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81677838

MLSListings

APN: 124-16-025