Seller's Agent in 2020
Chris Iverson
Golden Gate Sotheby's International Realty
(650) 450-0450
36 Total Sales
271 Addison Ave Palo Alto, CA 94301
University South NeighborhoodEstimated Value: $2,716,000 - $3,693,000
2
Beds
2
Baths
1,239
Sq Ft
$2,719/Sq Ft
Est. Value
Highlights
- Formal Dining Room
- Laundry in Utility Room
- 2-minute walk to Scott Park
- Addison Elementary School Rated A+
- Forced Air Heating System
About This Home
As of March 2020Downtown single family home for a condominium price! This historic Folk Victorian cottage was originally built in 1896, and has been updated while still retaining its Victorian charm. A newer kitchen and baths provide modern amenities, while the period architectural details and spacious back yard make this a quiet sanctuary in Professorville just a few blocks from bustling University Avenue. This is a leasehold on a 99 year, non-renewing lease. The house has sold several times since then, and the lease is still in effect, expiring in 2062, 42 years from now. The current lease payment is $1643/month and indexes every five years based on the CPI. The homeowner can expand or remodel within the guidelines of the City of Palo Alto. Currently, the property will revert to the landowners, less improvements, at the end of the lease.
Last Agent to Sell the Property
Golden Gate Sotheby's International Realty License #01708130 Listed on: 11/06/2019
Last Buyer's Agent
Golden Gate Sotheby's International Realty License #01950203
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $40,215
Year Built
- 1896
Lot Details
- 6,403
Parking
- On-Street Parking
Home Design
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,239 Sq Ft Home
- 2-Story Property
- Formal Dining Room
- Laundry in Utility Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Additional Features
- 6,403 Sq Ft Lot
- Forced Air Heating System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 15, 2019
Sold by
Gibson Albert L and Gibson Lisa A
Bought by
Gibson Nelson Karen E and Gibson Albert L
Current Estimated Value
Purchase Details
Closed on
Jan 2, 2018
Sold by
Solomon Alyssa J
Bought by
Solomon Alyssa J
Purchase Details
Closed on
Sep 15, 2000
Sold by
Gibson Albert L
Bought by
Gibson Albert L and Gibson Lisa A
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gibson Nelson Karen E | -- | None Available | |
| Solomon Alyssa J | -- | Old Republic Title Co | |
| Gibson Albert L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Hirschman Harry J | $150,000 | |
| Closed | Large Lisa | $516,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/27/2020 03/27/20 | Sold | $1,500,000 | -11.8% | $1,211 / Sq Ft |
| 03/05/2020 03/05/20 | Pending | -- | -- | -- |
| 11/06/2019 11/06/19 | For Sale | $1,700,000 | +41.7% | $1,372 / Sq Ft |
| 07/14/2017 07/14/17 | Sold | $1,200,000 | 0.0% | $969 / Sq Ft |
| 06/14/2017 06/14/17 | Pending | -- | -- | -- |
| 04/27/2017 04/27/17 | For Sale | $1,200,000 | -- | $969 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $40,215 | $3,404,569 | $3,015,246 | $389,323 |
| 2024 | $40,215 | $3,337,814 | $2,956,124 | $381,690 |
| 2023 | $39,634 | $3,272,367 | $2,898,161 | $374,206 |
| 2022 | $39,179 | $3,208,204 | $2,841,335 | $366,869 |
| 2021 | $38,408 | $3,145,299 | $2,785,623 | $359,676 |
| 2020 | $35,257 | $2,913,120 | $2,757,060 | $156,060 |
| 2019 | $38,421 | $3,162,000 | $3,009,000 | $153,000 |
| 2018 | $37,373 | $3,100,000 | $2,950,000 | $150,000 |
| 2017 | $17,467 | $1,401,956 | $1,214,295 | $187,661 |
| 2016 | $17,007 | $1,374,468 | $1,190,486 | $183,982 |
| 2015 | $16,839 | $1,353,823 | $1,172,604 | $181,219 |
| 2014 | $16,463 | $1,327,305 | $1,149,635 | $177,670 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Stephanie Von Thaden
Golden Gate Sotheby's International Realty
(650) 868-2902
1 in this area
11 Total Sales
-
Seller's Agent in 2017
Monica Yeung Arima
Yarkin Realty
(650) 888-4116
6 Total Sales
-
D
Buyer's Agent in 2017
Danny Burgess
Keller Williams Palo Alto
Map
Source: MLSListings
MLS Number: ML81774838
APN: 120-28-062
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