NOT LISTED FOR SALE

240 Matadero Ave Palo Alto, CA 94306

Ventura Neighborhood

Estimated Value: $2,445,000 - $2,896,000

3 Beds
2 Baths
1,000 Sq Ft
$2,607/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $2,250,000 $2,250 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $16,024/month

7 Days on Market

Highlights

  • Wood Flooring
  • Marble Bathroom Countertops
  • Cottage
  • Barron Park Elementary School Rated A+
  • Granite Countertops
  • 4-minute walk to Boulware Park

About This Home

As of September 2021

It's obvious from first glance that this charming cottage has been spoiled with loving attention. It enjoys a fully landscaped, spacious lot with a serene patio and spacious redwood deck that is covered with Rosa Bank vines. Fully mature trees include a tangerine, apricot, quince, and orange. Flagstone walkways lead to a walled garden designed by a stone mason. The property includes full drip irrigation and a cobblestone driveway. Interior flooring is engineered Brazilian rosewood. All rooms have crown molding and Anderson windows. Tax record shows as 2 bedroom 1 bathroom but it does live as a 3 bedrooms, two baths. This home is located in the quaint Ventura neighborhood of Palo Alto and is just a short ride or drive to Stanford, Menlo College, and Santa Clara University. Gunn High School district.

Last Agent to Sell the Property

Ceci Cook

Compass License #01159739 Listed on: 07/19/2021

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,508

Year Built

  • Built in 1942 | Remodeled

Lot Details

  • 6,000 Sq Ft Lot
  • Back Yard Fenced
  • Landscaped
  • Front Yard Sprinklers
  • Garden

Home Design

  • Cottage
  • Converted Dwelling
  • Concrete Foundation
  • Stucco

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Workshop

Kitchen

  • Breakfast Area or Nook
  • Free-Standing Gas Oven
  • Free-Standing Gas Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Slate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Marble Bathroom Countertops
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Converted Garage

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Covered Deck
  • Patio
  • Shed
  • Front Porch

Utilities

  • Wall Furnace
  • Tankless Water Heater

Community Details

  • Ventura Subdivision

Listing and Financial Details

  • Assessor Parcel Number 132-34-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,508

Year Built

Built in 1942 | Remodeled

Lot Details

0

Listing Details

  • Type: Residential
  • Property Sub Type: Single Family Residence
  • Subtype Description: Tract
  • Directions To Property: From Page Mill, take El Camino South, turn left on Margarita, Right on Orinda, and left on Matadero.
  • Lot Size Acres: 0.1377
  • Stories: 1
  • Levels: One
  • ArchitecturalStyle: Conversion, Cottage
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Freezer, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Hood Over Range, Microwave, Tankless Water Heater
  • Bedrooms: 3
  • Master Bathroom Features: Marble, Shower Stall(s)
  • Master Bedroom Features: Outside Access
  • Full Bathrooms: 2
  • Dining Room Features: Breakfast Nook
  • Number Of Rooms: 7
  • Flooring: Carpet, Slate, Wood
  • Price Per Square Foot: 2250.00
  • Square Footage: 1000.00
  • Bathroom Features: Marble, Tub w/Shower Over
  • Bathrooms: 2
  • Kitchen Features: Breakfast Area, Granite Counter
  • Room Type: Converted Garage, Kitchen, Laundry, Living Room, Primary Bathroom, Workshop
  • Main Level: Bedroom(s), Dining Room, Full Bath(s), Kitchen, Living Room, Primary Bedroom, Street Entrance

Exterior Features

  • Construction Materials: Stucco
  • Foundation: Concrete Perimeter
  • Lot Features: Auto Sprinkler Front, Garden, Landscape Back, Landscape Front
  • Property Condition: Updated/Remodeled
  • Fencing: Back Yard, Fenced, Wood
  • OtherStructures: Shed(s), Storage
  • Patio And Porch Features: Covered Deck, Front Porch, Uncovered Patio

Garage/Parking

  • Parking Features: Converted Garage, Uncovered Parking Spaces 2+
  • Total Parking Spaces: 2.00
  • OpenParkingSpaces: 2.00
  • Driveway/Sidewalks: Paved Sidewalk

Utilities

  • Cooling: Ceiling Fan(s)
  • Sewer: Public Sewer
  • Utilities: Public
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: Dryer Included, Inside Area, Stacked Only, Washer Included

Schools

  • School District: Santa Clara
  • Elementary School: Palo Alto Unified
  • Middle School: Palo Alto Unified
  • Middle/Junior School District: Palo Alto Unified

Lot Info

  • Assessor Parcel Number: 132-34-027
  • Lot Size Sq Ft: 6000.00

Green Features

  • Energy Efficient: Water Heater, Windows

Building Info

  • Year Built: 1942

MLS Schools

  • School District (County): Santa Clara

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2021
Closed on
Aug 11, 2021
Sold by
Thomas Marilyn Kay and The Marilyn Thomas 2011 Trust
Bought by
Hou Hong Qi and Liu Pei
Seller's Agent
Ceci Cook
Compass
List Price
$2,250,000
Sold Price
$2,250,000
Current Estimated Value
$2,607,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,377
Avg. Annual Appreciation
3.62%
Original Mortgage
$1,687,500
Outstanding Balance
$1,529,813
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,077,564

Purchase Details

Closed on
May 9, 2011
Sold by
Faulkenburg Marilyn T
Bought by
Thomas Marilyn Kay

Purchase Details

Closed on
Jun 3, 2005
Sold by
Faulkenburg Alfred Devon
Bought by
Faulkenburg Marilyn T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 1999
Sold by
Faulkenburg Alfred D and Faulkenburg Marilyn T
Bought by
Faulkenburg Alfred Devon and Faulkenburg Marilyn Thomas
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
Hou Hong Qi $2,250,000 First American Title Company
Thomas Marilyn Kay -- None Available
Faulkenburg Marilyn T -- First American Title Company
Faulkenburg Alfred Devon -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hou Hong Qi $1,687,500
Previous Owner Faulkenburg Marilyn T $203,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2021 09/02/21 Sold $2,250,000 0.0% $2,250 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $2,250,000 -- $2,250 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $28,508 $2,387,718 $2,255,067 $132,651
2024 $28,508 $2,340,900 $2,210,850 $130,050
2023 $28,089 $2,295,000 $2,167,500 $127,500
2022 $27,763 $2,250,000 $2,125,000 $125,000
2021 $1,589 $53,085 $28,356 $24,729
2020 $1,574 $52,542 $28,066 $24,476
2019 $1,552 $51,513 $27,516 $23,997
2018 $1,530 $50,504 $26,977 $23,527
2017 $1,502 $49,515 $26,449 $23,066
2016 $602 $48,545 $25,931 $22,614
2015 $595 $47,817 $25,542 $22,275
2014 $586 $46,881 $25,042 $21,839
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Ceci Cook

    Compass

    (650) 868-9188

    1 in this area

    15 Total Sales

    Ceci Cook
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321067290

Bay Area Real Estate Information Services (BAREIS)

APN: 132-34-027

California Santa Clara County Palo Alto 94306 Ventura

240 Matadero Ave, Palo Alto, CA

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