NOT LISTED FOR SALE

Estimated Value: $5,458,008 - $6,464,000

5 Beds
4.5 Baths
3,198 Sq Ft
$1,806/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $4,092,500 $1,280 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $35,596/month

60 Days on Market

Highlights

  • Wine Cellar
  • Custom Home
  • Living Room with Fireplace
  • Walter Hays Elementary Rated A+
  • Skyline View
  • Wood Flooring

About This Home

As of December 2019

On a peaceful tree-lined street in Old Palo Alto, this modern Mediterranean masterpiece offers comfort and convenience while catering to the needs of a contemporary Peninsula lifestyle. Built in 2015, this home of 3,198 sq. ft. (per county) sits on a lot of 5,000 sq. ft. (per county) and offers 5 bedrooms and 4.5 baths over three levels. Designer finishes are everywhere, from deep crown moldings to chic tray ceilings, while rich hardwood floors extend throughout most of the home. Spacious formal rooms invite entertaining, the superb chefs kitchen includes high-end appliances, and the downstairs entertainment room includes a wet bar and wine closet. Upstairs, the master suite features a serene balcony, while the convenient main-level guest suite doubles as a home office. Adding the finishing touch, this home boasts a location close to the exciting amenities of downtown Palo Alto and offers access to Hays Elementary, Greene Middle, and Palo Alto High (buyer to verify eligibility).

Last Agent to Sell the Property

Michael Repka

Deleon Realty License #70010006 Listed on: 09/04/2019

Last Buyer's Agent

Michael Repka

Deleon Realty License #70010006 Listed on: 09/04/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,547

Year Built

  • Built in 2015

Lot Details

  • 5,001 Sq Ft Lot
  • Back and Front Yard Fenced
  • Level Lot
  • Sprinklers on Timer
  • Zoning described as R1

Parking

  • 1 Car Detached Garage
  • Electric Vehicle Home Charger
  • Tandem Parking
  • Garage Door Opener
  • On-Street Parking

Property Views

  • Skyline
  • Neighborhood

Home Design

  • Custom Home
  • Tile Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,198 Sq Ft Home
  • Wet Bar
  • Wired For Sound
  • High Ceiling
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Wine Cellar
  • Separate Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Combination Dining and Living Room
  • Storage Room
  • Finished Basement
  • Sump Pump
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Marble Bathroom Countertops
  • Granite Bathroom Countertops
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Balcony

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Thermostat
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number 124-11-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,547

Year Built

Built in 2015

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Custom
  • Age: 4
  • Listing Class: Residential
  • Structure Sq Ft: 3198
  • Year Built: 2015
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo, Separate Family Room
  • Fireplace: Gas Burning, Living Room
  • Dining Room: Breakfast Bar, Breakfast Nook, Dining Area in Living Room, Eat in Kitchen, No Formal Dining Room
  • Kitchen: 220 Volt Outlet, Countertop - Granite, Dishwasher, Garbage Disposal, Hood Over Range, Island with Sink, Microwave, Oven - Double, Oven Range - Gas, Refrigerator, Wine Refrigerator
  • Living Sq Ft: 3198
  • Security: Fire Alarm, Fire System - Sprinkler
  • Bedrooms: Ground Floor Bedroom, Walk-in Closet
  • Laundry: Dryer, Electricity Hookup (110V), Electricity Hookup (220V), Gas Hookup, Inside, Tub / Sink, Upper Floor, Washer
  • Flooring: Hardwood, Tile
  • Additional Rooms: Attic, Basement - Finished, Laundry Room, Storage, Wine Cellar / Storage
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Granite, Half on Ground Floor, Marble, Shower over Tub - 1, Skylight, Stall Shower - 2+, Tile, Tub with Jets
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Tile
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced, Fenced Back, Fenced Front, Gate, Wood
  • Construction Type: Stucco, Wood

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Detached Garage, Electric Car Hookup, Gate / Door Opener, On Street, Tandem Parking

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air - Gas, Fireplace, Heating - 2+ Zones
  • Sewer/Septic System: Sewer Connected, Sump Pump

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Walk-in Closet, Wet Bar

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

  • Lot Description: Grade - Level
  • Parcel Number: 124-11-012
  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Green Features

  • Energy Features: Double Pane Windows, Skylight, Thermostat Controller

Multi Family

  • Utilities: Public Utilities

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 4, 2019
Closed on
Nov 4, 2019
Sold by
Wang Hong and Zhang Feng Qin
Bought by
Lan Bo and Luo Weiwei
Seller's Agent
Michael Repka
Deleon Realty
Buyer's Agent
Michael Repka
Deleon Realty
List Price
$4,850,000
Sold Price
$4,092,500
Premium/Discount to List
-$757,500
-15.62%
Current Estimated Value
$5,774,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,681,502
Avg. Annual Appreciation
6.17%
Original Mortgage
$2,000,000
Outstanding Balance
$1,708,240
Interest Rate
2.12%
Estimated Equity
$4,072,497

Purchase Details

Listed on
Feb 18, 2016
Closed on
Apr 28, 2016
Sold by
Qin Jiahui and Wu Zhuolin
Bought by
Wang Hong and Zhang Feng Qin
Seller's Agent
Lan Bowling
Keller Williams Palo Alto
Buyer's Agent
John Chung
Keller Williams Palo Alto
List Price
$4,595,000
Sold Price
$4,380,080
Premium/Discount to List
-$214,920
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.89%

Purchase Details

Closed on
Sep 30, 2013
Sold by
Hellested Mette
Bought by
Goldeen Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$707,000
Interest Rate
4.27%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 25, 2013
Sold by
Goldeen Michael A
Bought by
Qin Jiahui and Wu Zhuolin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$707,000
Interest Rate
4.27%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 13, 2012
Sold by
Goldeen Michael A
Bought by
Goldeen Michael A

Purchase Details

Closed on
Feb 14, 1995
Sold by
Goldeen Michael and Goldeen Harriet
Bought by
Goldeen Michael and Goldeen Harriet
Source: Public Records

Range of Values:

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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
Lan Bo $4,092,500 Chicago Title Company
Wang Hong -- Chicago Title Company
Goldeen Michael A -- First American Title Company
Qin Jiahui $1,800,000 First American Title Company
Goldeen Michael A -- None Available
Goldeen Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lan Bo $2,000,000
Previous Owner Oin Jiahui $707,000
Previous Owner Goldeen Michael A $100,000
Previous Owner Goldeen Michael A $104,000
Previous Owner Goldeen Michael A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2019 12/06/19 Sold $4,092,500 -6.9% $1,280 / Sq Ft
11/04/2019 11/04/19 Pending -- -- --
10/31/2019 10/31/19 Price Changed $4,398,000 -2.2% $1,375 / Sq Ft
10/09/2019 10/09/19 Price Changed $4,498,000 -7.3% $1,407 / Sq Ft
09/04/2019 09/04/19 For Sale $4,850,000 +10.7% $1,517 / Sq Ft
05/16/2016 05/16/16 Sold $4,380,080 -4.7% $1,281 / Sq Ft
05/01/2016 05/01/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $4,595,000 -- $1,344 / 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 $52,547 $4,475,743 $3,382,098 $1,093,645
2024 $52,547 $4,387,984 $3,315,783 $1,072,201
2023 $51,778 $4,301,946 $3,250,768 $1,051,178
2022 $51,187 $4,217,595 $3,187,028 $1,030,567
2021 $50,180 $4,134,898 $3,124,538 $1,010,360
2020 $49,131 $4,092,500 $3,092,500 $1,000,000
2019 $56,064 $4,648,173 $2,759,140 $1,889,033
2018 $54,502 $4,557,034 $2,705,040 $1,851,994
2017 $53,546 $4,467,681 $2,652,000 $1,815,681
2016 $48,440 $4,056,713 $1,856,713 $2,200,000
2015 $23,218 $1,895,604 $1,828,824 $66,780
2014 $22,047 $1,800,000 $1,620,000 $180,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81767007

MLSListings

APN: 124-11-012