NOT LISTED FOR SALE

2599 Louis Rd Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $3,916,000 - $4,556,000

4 Beds
3 Baths
1,906 Sq Ft
$2,202/Sq Ft Est. Value

Last Sold July 14, 2017

Last sale price $2,680,000 $1,406 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $24,346/month

15 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • Vaulted Ceiling
  • Palo Verde Elementary School Rated A+
  • Deck
  • Wood Flooring

About This Home

As of July 2017

Located on 10192 sq.ft. of flat lot in the premium Midtown Palo Alto, this lovely 4bed/3bath home offers 1,906 sq.ft. (can be expanded upto 3797 sq.ft. per city guidelines - buyer to verify). across a light-filled, open floor plan. Gourmet kitchen offers beautiful skylight, hardwood floors, breakfast nook with custom pendant lights and freshly painted cabinets with new contemporary fixtures. The bedrooms are flexibly designed to fit a variety of uses. Living room is accented with high ceilings and full wall of windows overlooking beautiful backyard. Outside, the resort-inspired grounds feature mature trees and offer the ultimate for recreation with a sparkling pool. Brand new roof and attached 2-car garage. This private, yet close-in, location provides convenient access to Midtown Shopping Center, PA Downtown, parks, libraries, major commuters' routes and Silicon Valley employers and other everyday conveniences. Palo Verde Elementary, JLS Middle, Palo Alto High schools.

Last Agent to Sell the Property

Sunny Kim

Compass License #70010023 Listed on: 06/21/2017

Compass

Last Buyer's Agent

Erica Galles

Compass License #02008346

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,866

Year Built

  • Built in 1958

Lot Details

  • 10,193 Sq Ft Lot
  • Wood Fence
  • Zoning described as R1

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,906 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Skylights
  • Combination Dining and Living Room
  • Crawl Space
  • Laundry in Garage

Kitchen

  • Gas Cooktop
  • Microwave
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Outdoor Features

  • In Ground Pool
  • Deck

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 127-03-064

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,866

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Age: 59
  • Listing Class: Residential
  • Structure Sq Ft: 1906
  • Year Built: 1958
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area in Living Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Exhaust Fan, Garbage Disposal, Microwave, Oven Range - Built-In, Gas, Refrigerator
  • Living Sq Ft: 1906
  • Stories: 1
  • Bedrooms: Primary Suite / Retreat
  • Laundry: In Garage
  • Flooring: Hardwood, Laminate, Tile
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Showers over Tubs - 2+, Stall Shower

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Pool Description: Pool - In Ground
  • Roof: Composition
  • Yard/Grounds: Deck, Fenced
  • Pool: Yes
  • Fencing: Wood

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Open Beam Ceiling, Skylight, Vaulted Ceiling

Schools

  • School District: Palo Alto Unified
  • Elementary School: Palo Verde Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 320
  • Middle School: 322

Lot Info

  • Parcel Number: 127-03-064
  • Lot Acres: 0.2340
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10192.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10192.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2019
Sold by
Chien Yung C and Chien Gloria K
Bought by
Chien Yung Chi and Chien Gloria K
Current Estimated Value
$4,196,789

Purchase Details

Listed on
Jun 21, 2017
Closed on
Jul 10, 2017
Sold by
Mobin Farzad and Mobin Touria
Bought by
Chien Yung C and Chien Gloria K
Seller's Agent
Sunny Kim
Compass
Buyer's Agent
Erica Galles
Compass
List Price
$2,488,000
Sold Price
$2,680,000
Premium/Discount to List
$192,000
7.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%

Purchase Details

Closed on
Jan 15, 2014
Sold by
Mobin Farzad
Bought by
Mobin Family Revocable Trust

Purchase Details

Closed on
May 1, 2006
Sold by
Mobin Touria Javid
Bought by
Mobin Farzad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2006
Sold by
Davis Peter W and Webster Pamela B
Bought by
Mobin Farzad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
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
Chien Yung Chi -- None Available
Chien Yung C $2,680,000 Old Republic Title Company
Mobin Family Revocable Trust -- None Available
Mobin Farzad -- Old Republic Title Company
Mobin Farzad -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mobin Farzad $1,000,000
Previous Owner Mobin Farzad $1,000,000
Previous Owner Mobin Farzad $1,000,000
Previous Owner Mobin Farzad $165,000
Previous Owner Mobin Farzad $1,000,000
Previous Owner Mobin Farzad $999,999
Previous Owner Mobin Farzad $999,999
Previous Owner Davis Peter W $247,000
Previous Owner Davis Peter W $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2017 07/14/17 Sold $2,680,000 +7.7% $1,406 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
06/21/2017 06/21/17 For Sale $2,488,000 -- $1,305 / 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 $19,866 $1,637,068 $763,851 $873,217
2024 $19,866 $1,604,970 $748,874 $856,096
2023 $19,572 $1,573,501 $734,191 $839,310
2022 $19,343 $1,542,649 $719,796 $822,853
2021 $18,961 $1,512,402 $705,683 $806,719
2020 $18,577 $1,496,896 $698,448 $798,448
2019 $17,544 $1,398,026 $684,753 $713,273
2018 $16,742 $1,342,654 $671,327 $671,327
2017 $18,895 $1,530,736 $1,295,243 $235,493
2016 $18,397 $1,500,723 $1,269,847 $230,876
2015 $18,215 $1,478,182 $1,250,773 $227,409
2014 $17,815 $1,449,228 $1,226,273 $222,955
Source: Public Records

Agents Affiliated with this Home

  • Sunny Kim

    Seller's Agent in 2017

    Sunny Kim

    Compass

    (650) 823-5546

    6 in this area

    161 Total Sales

    Sunny Kim
    Section Image

  • E

    Buyer's Agent in 2017

    Erica Galles

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81657082

MLSListings

APN: 127-03-064

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

2599 Louis Rd, Palo Alto, CA

This home is located at 2599 Louis Rd, Palo Alto, CA 94303 since 21 June 2017 and is currently estimated at $4,196,789, approximately $2,201 per square foot. This property was built in 1958. 2599 Louis Rd is a home located in Santa Clara County with nearby schools including Palo Verde Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

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