NOT LISTED FOR SALE

257 Ely Place Palo Alto, CA 94306

Greenmeadow Neighborhood

Estimated Value: $3,393,000 - $3,870,358

4 Beds
2 Baths
1,874 Sq Ft
$1,945/Sq Ft Est. Value

Last Sold October 18, 2016

Last sale price $2,420,000 $1,291 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $21,950/month

7 Days on Market

Highlights

  • Cabana
  • Eichler Home
  • Secluded Lot
  • Fairmeadow Elementary School Rated A+
  • Atrium Room
  • Wood Flooring

About This Home

As of October 2016

The spacious atrium style entry room flooded with natural light welcomes you into this delightful creative mid-century Eichler, situated on a large lot. The beautiful lap pool & spa within the secluded fenced backyard is surrounded with exotic mature plants and beckons you to relax and enjoy multiple activities. A cabana awaits your finishing touches, or provides wonderful storage. The living room wall of floor-to-ceiling windows showcases the dramatic view of the spectacular backyard, with multiple sliding glass doors facilitating a relaxed indoor/outdoor lifestyle. The galley kitchen provides stainless steel appliances and leads to an enormous pantry loaded with storage cabinets and includes the laundry area. This home has been lovingly cared for with numerous quality features and enhancements. Freshly painted, move in condition this special Silicon Valley home offers proximity to so much, including top rated Palo Alto schools!

Last Agent to Sell the Property

Steve & Julie Quattrone

Compass License #70000322 Listed on: 09/08/2016

Compass

Last Buyer's Agent

Omar M. Kinaan

Golden Gate Sotheby's International Realty License #01723115

Golden Gate Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,466

Year Built

  • Built in 1953

Lot Details

  • 8,015 Sq Ft Lot
  • Secluded Lot
  • Level Lot
  • Back Yard Fenced
  • Zoning described as R1B8

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Eichler Home
  • Slab Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof

Interior Spaces

  • 1,874 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Wood Burning Fireplace
  • Formal Dining Room
  • Atrium Room
  • Storage Room

Kitchen

  • Built-In Double Oven
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround

Laundry

  • Laundry Room
  • Washer and Dryer
  • Laundry Tub

Pool

  • Cabana
  • Heated Pool and Spa
  • Heated In Ground Pool
  • Pool Sweep

Outdoor Features

  • Balcony
  • Shed

Utilities

  • Heating Available
  • Vented Exhaust Fan

Community Details

  • Lap or Exercise Community Pool

Listing and Financial Details

  • Assessor Parcel Number 147-25-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,466

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Eichler
  • Age: 63
  • Listing Class: Residential
  • Structure Sq Ft: 1874
  • Incorporated: Yes
  • Year Built: 1953
  • Zoning Description: R1B8
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Electric, Countertop - Laminate, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven - Built-In, Oven - Double, Oven - Electric, Pantry, Refrigerator
  • Living Sq Ft: 1874
  • Stories: 1
  • Laundry: Tub / Sink, Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Atrium, Laundry Room, Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Shower and Tub, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Cabana / Dressing Room, Pool - Heated, Pool - In Ground, Pool - Lap, Pool / Spa Combo, Pool - Sweep
  • Roof: Tar and Gravel
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Storage Shed / Structure
  • Pool: Yes
  • Fencing: Fenced Back, Wood
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Open Beam Ceiling

Schools

  • School District: Palo Alto Unified
  • Elementary School: Fairmeadow Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 314
  • Middle School: 322

Lot Info

  • Lot Description: Grade - Level, Private / Secluded
  • Parcel Number: 147-25-006
  • Lot Acres: 0.1840
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8001.97
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8001.97

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Fairmeadow Elementary
  • High School Text: Henry M. Gunn High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2018
Sold by
Parulekar Rahul A and Narlikar Girija J
Bought by
Parulekar Rahul A and Narlikar Girija J
Current Estimated Value
$3,644,090

Purchase Details

Listed on
Sep 8, 2016
Closed on
Oct 12, 2016
Sold by
Kirkeby Peter Jarl Dorn and Yoerg Robert Louis
Bought by
Parulekar Rahul and Narlikar Girija
Seller's Agent
Steve & Julie Quattrone
Compass
Buyer's Agent
Omar M. Kinaan
Golden Gate Sotheby's International Realty
List Price
$2,000,000
Sold Price
$2,420,000
Premium/Discount to List
$420,000
21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%
Original Mortgage
$1,000,000
Outstanding Balance
$754,619
Interest Rate
1.55%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,031,950

Purchase Details

Closed on
Apr 4, 2005
Sold by
Kirkeby Paula Z and Kirkeby Phillip N
Bought by
Kirkeby Phillip N and Kirkeby Paula Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2002
Sold by
Kirkeby Paula Z
Bought by
Kirkeby Phillip N and Kirkeby Paula Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 15, 2000
Sold by
Kirkeby Phillip N and Kirkeby Paula Z
Bought by
Kirkeby Phillip N and Kirkeby Paula Z
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
Parulekar Rahul A -- None Available
Parulekar Rahul $2,420,000 Fidelity National Title Co
Kirkeby Phillip N -- Commonwealth Land Title
Kirkeby Phillip N -- Commonwealth Land Title
Kirkeby Phillip N -- --
Kirkeby Paula Z -- Chicago Title
Kirkeby Phillip N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parulekar Rahul $1,000,000
Previous Owner Kirkeby Phillip N $750,000
Previous Owner Kirkeby Phillip N $650,000
Previous Owner Kirkeby Paula Z $128,000
Previous Owner Kirkeby Paula Z $530,000
Previous Owner Kirkeby Phillip K $100,000
Previous Owner Kirkeby Phillip N $425,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2016 10/18/16 Sold $2,420,000 +21.0% $1,291 / Sq Ft
09/16/2016 09/16/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $2,000,000 -- $1,067 / 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 $32,466 $2,808,611 $2,460,438 $348,173
2024 $32,466 $2,753,542 $2,412,195 $341,347
2023 $31,994 $2,699,552 $2,364,898 $334,654
2022 $31,632 $2,646,621 $2,318,528 $328,093
2021 $31,010 $2,594,727 $2,273,067 $321,660
2020 $30,351 $2,568,122 $2,249,760 $318,362
2019 $30,024 $2,517,768 $2,205,648 $312,120
2018 $29,109 $2,468,400 $2,162,400 $306,000
2017 $28,599 $2,420,000 $2,120,000 $300,000
2016 $3,985 $330,187 $131,296 $198,891
2015 $3,947 $325,228 $129,324 $195,904
2014 $3,886 $318,858 $126,791 $192,067
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Steve & Julie Quattrone

    Compass

    Section Image
  • Omar M. Kinaan

    Buyer's Agent in 2016

    Omar M. Kinaan

    Golden Gate Sotheby's International Realty

    (650) 776-2828

    85 Total Sales

    Omar M. Kinaan
    Section Image
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Map

Source: MLSListings

MLS Number: ML81613402

MLSListings

APN: 147-25-006

California Santa Clara County Palo Alto 94306 Greenmeadow

257 Ely Place, Palo Alto, CA

This home is located at 257 Ely Place, Palo Alto, CA 94306 since 08 September 2016 and is currently estimated at $3,644,090, approximately $1,944 per square foot. This property was built in 1953. 257 Ely Place is a home located in Santa Clara County with nearby schools including Fairmeadow Elementary School, Jane Lathrop Stanford Middle School, and Henry M. Gunn High School.

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