NOT LISTED FOR SALE

Estimated Value: $3,997,133 - $4,529,000

4 Beds
2 Baths
2,422 Sq Ft
$1,787/Sq Ft Est. Value

Last Sold March 14, 2024

Last sale price $4,260,000 $1,759 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $26,605/month

7 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Neighborhood Views
  • El Carmelo Elementary School Rated A+
  • Bonus Room
  • 5-minute walk to Hoover Park

About This Home

As of March 2024

A premier opportunity in prime Midtown, this expansive parcel of 12,759 sq. ft. (per survey) offers multiple possible uses such as building your dream home with an accompanying ADU, renting out the two existing homes for a consistent stream of income, or holding it as a land bank, as this size lot rarely becomes available in such an excellent location! Walking distance to Midtown Shopping Center, Hoover Park, and El Carmelo Elementary. Mere minutes to Mitchell Park's library, tennis, and pickleball courts, Cubberley Community Center's Mandarin bilingual programs and a multitude of extracurricular activities. California Avenue, Caltrain, and Stanford, are also close by, making this location hard to beat. The front home offers 2 bedrooms, 1 den, and 1 bath in 1,143 sq. ft. The rear home offers 2 bedrooms and 1 bath in 1,279 sq. ft. (both per appraisal). A detached garage offers extra storage space. Rarely does such an opportune property come along with this much potential.

Last Agent to Sell the Property

Heng Seroff Group

Keller Williams Palo Alto License #70010137 Listed on: 02/28/2024

Last Buyer's Agent

Heng Seroff Group

Keller Williams Palo Alto License #70010137 Listed on: 02/28/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,875

Year Built

  • Built in 1940

Lot Details

  • 0.29 Acre Lot
  • Northeast Facing Home
  • Wood Fence
  • Level Lot
  • Back Yard
  • Zoning described as R2

Parking

  • 2 Car Detached Garage

Home Design

  • Cottage
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,422 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Separate Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Den
  • Bonus Room
  • Storage Room
  • Neighborhood Views

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Thermostat
  • Satellite Dish
  • TV Antenna

Listing and Financial Details

  • Assessor Parcel Number 132-08-103

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,875

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage
  • Age: 84
  • Listing Class: Residential
  • Structure Sq Ft: 2422
  • Incorporated: Yes
  • Year Built: 1940
  • Zoning Description: R2
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area, Eat in Kitchen
  • Kitchen: Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Gas, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2422
  • Stories: 1
  • Laundry: Dryer, Inside, Washer
  • Flooring: Concrete, Hardwood, Vinyl / Linoleum
  • Additional Rooms: Bonus / Hobby Room, Den / Study / Office, Storage
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Showers over Tubs - 2+
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Balcony / Patio, Porch - Enclosed
  • Fencing: Wood
  • Property Faces: Northeast
  • Construction Type: Stucco, Wood

Garage/Parking

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

Utilities

  • Heating System: Fireplace, Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Skylight

Schools

  • School District: Palo Alto Unified
  • Elementary School: El Carmelo Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 312
  • Middle School: 322

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 132-08-103
  • Lot Acres: 0.2929
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12759.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12759.00

Green Features

  • Energy Features: Thermostat Controller

Multi Family

  • Utilities: Natural Gas, Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: El Carmelo Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2024
Closed on
Mar 8, 2024
Sold by
Behrens Family 2014 Revocable Trust
Bought by
Cao Xiuping
Seller's Agent
Heng Seroff Group
Keller Williams Palo Alto
Buyer's Agent
Heng Seroff Group
Keller Williams Palo Alto
List Price
$3,998,000
Sold Price
$4,260,000
Premium/Discount to List
$262,000
6.55%
Views
30
Current Estimated Value
$4,328,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,533
Avg. Annual Appreciation
1.01%

Purchase Details

Closed on
Jun 26, 2023
Sold by
Harris Living Trust
Bought by
Behrens Family 2014 Revocable Trust and Behrens

Purchase Details

Closed on
Jan 11, 2000
Sold by
Harris John L
Bought by
Harris Jane F

Purchase Details

Closed on
Aug 16, 1999
Sold by
Harris Jane F
Bought by
Harris Jane F
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cao Xiuping $4,260,000 First American Title
Behrens Family 2014 Revocable Trust $3,725,000 Old Republic Title
Harris Jane F -- --
Harris Jane F -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2024 03/14/24 Sold $4,260,000 +6.6% $1,759 / Sq Ft
03/07/2024 03/07/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $3,998,000 -- $1,651 / 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 $43,875 $4,345,200 $4,243,200 $102,000
2024 $43,875 $3,725,000 $3,675,000 $50,000
2023 $1,577 $129,624 $61,259 $68,365
2022 $1,555 $127,083 $60,058 $67,025
2021 $1,522 $124,592 $58,881 $65,711
2020 $1,490 $123,316 $58,278 $65,038
2019 $1,473 $120,899 $57,136 $63,763
2018 $1,445 $118,529 $56,016 $62,513
2017 $1,419 $116,206 $54,918 $61,288
2016 $1,368 $113,929 $53,842 $60,087
2015 $1,354 $112,219 $53,034 $59,185
2014 $1,334 $110,022 $51,996 $58,026
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81955668

MLSListings

APN: 132-08-103