NOT LISTED FOR SALE

2502 Middlefield Rd Palo Alto, CA 94301

Midtown Palo Alto Neighborhood

Estimated Value: $2,795,000 - $3,676,062

3 Beds
1.5 Baths
1,410 Sq Ft
$2,354/Sq Ft Est. Value

Last Sold June 21, 2019

Last sale price $2,300,000 $1,631 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $20,596/month

7 Days on Market

Highlights

  • Formal Dining Room
  • Bathtub with Shower
  • Laundry in Utility Room
  • El Carmelo Elementary School Rated A+
  • Tile Countertops
  • Tile Flooring

About This Home

As of June 2019

Opportunity awaits, in desirable Midtown neighborhood of Palo Alto. House sits on a large 7303-/+ sf (per city) corner lot with easy access from Marion Ave. Walking distance to Midtown shopping center, local parks, Philz coffee and dining. A few blocks to top-rated Palo Alto schools (Buyer to verify eligibility), proximity to Stanford University, Caltrain, US 101. Easy commute to high tech firms. Spacious backyard with a bonus center courtyard. 2 car garage, Move in, rent out, or complete rebuild for your dream home!!!

Last Agent to Sell the Property

Valerie Lo

Compass License #01816959 Listed on: 05/16/2019

Compass

Last Buyer's Agent

Qadir Mohiuddin

5 Star Realty Partners License #01351921

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,557

Year Built

  • Built in 1946

Lot Details

  • 7,301 Sq Ft Lot
  • Fenced
  • Zoning described as R1

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,410 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Laundry in Utility Room

Kitchen

  • Built-In Oven
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 132-01-040

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,557

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 73
  • Listing Class: Residential
  • Structure Sq Ft: 1410
  • Year Built: 1946
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Oven - Built-In, Oven - Gas, Refrigerator
  • Living Sq Ft: 1410
  • Stories: 1
  • Bedrooms: Ground Floor Bedroom
  • Laundry: In Utility Room, Inside
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Shower over Tub - 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Fencing: Fenced
  • Construction Type: Stucco, Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 132-01-040
  • Lot Acres: 0.1676
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7302.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7302.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2019
Closed on
Jun 6, 2019
Sold by
Karen K Mccoy Generation Skipping Trust
Bought by
Shaikh Samir and Shaikh Rafia
Seller's Agent
Valerie Lo
Compass
Buyer's Agent
Qadir Mohiuddin
5 Star Realty Partners
List Price
$1,899,000
Sold Price
$2,300,000
Premium/Discount to List
$401,000
21.12%
Current Estimated Value
$3,319,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,019,016
Avg. Annual Appreciation
6.10%
Original Mortgage
$161,000
Outstanding Balance
$137,293
Interest Rate
2.6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,181,723

Purchase Details

Closed on
Jun 27, 2014
Sold by
Mccoy Karen K
Bought by
Mccoy Matthew

Purchase Details

Closed on
Dec 12, 2012
Sold by
Kanazawa Toyoko
Bought by
Mccoy Karen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
3.37%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 20, 1996
Sold by
Tokie Kanazawa and Kanazawa Toyoko
Bought by
Kanazawa Toyoko and Toyoko Kanazawa Revocable Intervivos Tr
Source: Public Records

Range of Values:

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Average Value
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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
Shaikh Samir $2,300,000 First American Title Company
Mccoy Matthew -- None Available
Mccoy Karen K $245,000 None Available
Mccoy Karen K -- None Available
Kanazawa Toyoko -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaikh Samir $161,000
Previous Owner Mccoy Matthew $392,000
Previous Owner Mccoy Karen K $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2019 06/21/19 Sold $2,300,000 +21.1% $1,631 / Sq Ft
05/24/2019 05/24/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $1,899,000 -- $1,347 / 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 $30,557 $2,565,689 $2,537,803 $27,886
2024 $30,557 $2,515,383 $2,488,043 $27,340
2023 $30,108 $2,466,062 $2,439,258 $26,804
2022 $29,760 $2,417,709 $2,391,430 $26,279
2021 $29,174 $2,370,304 $2,344,540 $25,764
2020 $28,572 $2,346,000 $2,320,500 $25,500
2019 $1,950 $85,069 $30,828 $54,241
2018 $1,917 $83,402 $30,224 $53,178
2017 $1,882 $81,768 $29,632 $52,136
2016 $1,827 $80,165 $29,051 $51,114
2015 $1,802 $78,962 $28,615 $50,347
2014 $1,668 $77,416 $28,055 $49,361
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2019

    Valerie Lo

    Compass

    Section Image
  • Qadir Mohiuddin

    Buyer's Agent in 2019

    Qadir Mohiuddin

    5 Star Realty Partners

    (510) 388-2020

    12 Total Sales

    Qadir Mohiuddin
    Section Image
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Map

Source: MLSListings

MLS Number: ML81752267

MLSListings

APN: 132-01-040

California Santa Clara County Palo Alto 94301 Midtown Palo Alto

2502 Middlefield Rd, Palo Alto, CA

This home is located at 2502 Middlefield Rd, Palo Alto, CA 94301 since 16 May 2019 and is currently estimated at $3,319,016, approximately $2,353 per square foot. This property was built in 1946. 2502 Middlefield Rd is a home located in Santa Clara County with nearby schools including El Carmelo Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

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