NOT LISTED FOR SALE

253 Addison Ave Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $2,608,000 - $2,900,888

2 Beds
1 Bath
1,164 Sq Ft
$2,358/Sq Ft Est. Value

Last Sold December 04, 2012

Last sale price $880,000 $756 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $16,552/month

162 Days on Market

Highlights

  • Wine Cellar
  • Living Room with Fireplace
  • Attic
  • Addison Elementary School Rated A+
  • Wood Flooring
  • 3-minute walk to Scott Park

About This Home

As of December 2012

TFT.Leasehold.$100,000 Reduction.Charming 2 Cottages on Beautiful Roses Garden.Walk to Downtown Palo Alto.Hardwood Floor.Double Paned Windows.French Doors in Living Room Open to Dinning Room.Sun Room with Custom Built-In Bench.Remodeled Kit&Bath with Stone Slab Counters.Fruit Trees.Mo/Mo Rental for Back Cottage.Leased Land w/ 54+yrs left.Downtown Living at a DISCOUNT!Better Alternative than Condo.

Last Agent to Sell the Property

Monica Yeung Arima

Coldwell Banker Realty License #01185969 Listed on: 05/10/2012

Coldwell Banker Realty

Last Buyer's Agent

George Montanari

Compass License #00780027

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,993

Year Built

  • Built in 1933

Lot Details

  • Fenced
  • Level Lot
  • Zoning described as R2

Parking

  • No Garage

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,164 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Double Pane Windows
  • Wine Cellar
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Bonus Room
  • Workshop
  • Utility Room
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • 220 Volts
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 120-28-063

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,993

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage/Bungalow
  • Age: 79
  • Sale Price Per Sq Ft: 756.01
  • Level Street Main: Bedroom(s)
  • Listing Class: Residential
  • Structure Sq Ft: 1164
  • Barclay Horizontal: 8
  • Barclays Page: 12
  • Incorporated: Yes
  • Map Book Page: 790
  • Map Book Page Secondary: 12
  • Map Side Coordinate: 5
  • Map Side Coordinate Secondary: 83
  • Map Top Coordinate: J
  • Map Top Coordinate Secondary: 8
  • Thomas Bros Page: 790
  • Thomas Brothers: J5
  • Year Built: 1933
  • Zoning Description: R2
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Wood Burning, Yes
  • Dining Room: Formal Dining Room, Breakfast Nook, Breakfast Bar, Eat in Kitchen
  • Kitchen: Dishwasher, Garbage Disposal, Refrigerator, Oven Range, Microwave, 220 Volt Outlet, Hookups - Gas
  • Living Sq Ft: 1164
  • Stories: 1
  • Bedrooms: Ground Floor Bedroom
  • Laundry: In Laundry Room, Dryer, Washer, 220 Volt Outlet
  • Flooring: Tile, Hardwood
  • Additional Rooms: Bonus / Hobby Room, Utility Room, Workshop, Den / Study / Office, Guest House, Basement - Partial, Separate Living Unit, Attic, Wine Cellar / Storage, Storage
  • Maximum Bathrooms: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Bathrooms: 1
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Pool Description: Pool - No
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Patio(s), BBQ Area, Fenced

Garage/Parking

  • Garage Parking Features: No Garage, No Parking

Utilities

  • Heating System: Forced Air, Floor Furnace
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Window Covering(s), Double Pane Windows(s)

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 120-28-063
  • List Price per Sq Ft: 763.75
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6272.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6272.00
  • Lot Size Area Min Search: 6272.00
  • Maximum Lot Size: 6272.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Maximum Building Height: 1
  • Minimum Building Height: 1

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Addison 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
May 10, 2012
Closed on
Nov 21, 2012
Sold by
Daryani Bahram M and Shams Shahine
Bought by
Keogan Daniel and Shuto Akemi
Seller's Agent
Monica Yeung Arima
Coldwell Banker Realty
Buyer's Agent
George Montanari
Compass
List Price
$889,000
Sold Price
$880,000
Premium/Discount to List
-$9,000
-1.01%
Current Estimated Value
$2,673,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,793,122
Avg. Annual Appreciation
9.99%
Original Mortgage
$600,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2012
Sold by
Foley Timothy John
Bought by
Foley Timothy John

Purchase Details

Closed on
Oct 30, 1995
Sold by
Emc Mtg Corp
Bought by
Daryani Bahran M and Shams Shahine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
7.62%

Purchase Details

Closed on
Jan 3, 1994
Sold by
Great Western Bank
Bought by
Emc Mtg Corp

Purchase Details

Closed on
Dec 31, 1993
Sold by
California Reconveyance Company
Bought by
Great Western Bank
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
Keogan Daniel $880,000 Old Republic Title Company
Foley Timothy John -- None Available
Daryani Bahran M $270,000 Fidelity National Title Ins
Emc Mtg Corp $232,500 Fidelity National Title Co
Great Western Bank $80,012 North American Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keogan Daniel $477,380
Closed Keogan Daniel $600,000
Previous Owner Daryani Bahram M $250,000
Previous Owner Daryani Bahram M $150,000
Previous Owner Daryani Bahram M $204,000
Previous Owner Daryani Bahran M $243,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2012 12/04/12 Sold $880,000 -1.0% $756 / Sq Ft
10/19/2012 10/19/12 Pending -- -- --
09/12/2012 09/12/12 For Sale $889,000 0.0% $764 / Sq Ft
08/29/2012 08/29/12 Price Changed $889,000 -9.7% $764 / Sq Ft
08/01/2012 08/01/12 Pending -- -- --
05/10/2012 05/10/12 For Sale $985,000 -- $846 / 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 $22,993 $1,908,703 $1,760,938 $147,765
2024 $22,993 $1,871,278 $1,726,410 $144,868
2023 $22,654 $1,834,587 $1,692,559 $142,028
2022 $22,390 $1,798,616 $1,659,372 $139,244
2021 $21,949 $1,763,350 $1,626,836 $136,514
2020 $21,501 $1,745,270 $1,610,155 $135,115
2019 $21,262 $1,711,050 $1,578,584 $132,466
2018 $20,684 $1,677,501 $1,547,632 $129,869
2017 $20,321 $1,644,610 $1,517,287 $127,323
2016 $19,787 $1,612,364 $1,487,537 $124,827
2015 $19,593 $1,588,145 $1,465,193 $122,952
2014 $19,172 $1,557,036 $1,436,492 $120,544
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Monica Yeung Arima

    Coldwell Banker Realty

    Section Image

  • G

    Buyer's Agent in 2012

    George Montanari

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81217474

MLSListings

APN: 120-28-063

California Santa Clara County Palo Alto 94301 University South

253 Addison Ave, Palo Alto, CA

This home is located at 253 Addison Ave, Palo Alto, CA 94301 since 10 May 2012 and is currently estimated at $2,744,963, approximately $2,358 per square foot. This property was built in 1933. 253 Addison Ave is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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