NOT LISTED FOR SALE

Estimated Value: $6,121,000 - $7,967,000

5 Beds
5.5 Baths
4,956 Sq Ft
$1,433/Sq Ft Est. Value

Last Sold October 08, 2019

Last sale price $5,005,000 $1,010 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $43,955/month

38 Days on Market

Highlights

  • Art Studio
  • Wine Cellar
  • Family Room with Fireplace
  • El Carmelo Elementary School Rated A+
  • Primary Bedroom Suite
  • Radiant Floor

About This Home

As of October 2019

Modern- chic 3 level home located in the heart of Palo Alto. This 5 bed 5.5 bath has everything you could want when you are looking for the perfect home. As you walk in to the left you will see a large living room including a gorgeous fireplace that is earning to be put on for a nice winter night. Attached to the living room you will notice glass doors leading to the large green backyard, which provides space for activities or a beautiful garden. You can have your choice of going downstairs to the chic wine cellar or stopping into the theater room to enjoy a movie. As you go upstairs to the bedrooms you will notice that the stair way has a beautiful uniqueness to it. Grab a glass of wine, sit back and relax off of the beautiful balcony on the top level to see a scenic view.

Last Agent to Sell the Property

Juliana Lee

JLEE Realty License #00851314 Listed on: 08/01/2019

Co-Listed By

Jade Lee

JLEE Realty License #02032430

Last Buyer's Agent

Dan Hunnicutt

Compass License #01368148

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $63,954

Year Built

  • Built in 2018

Lot Details

  • 8,329 Sq Ft Lot
  • Fenced
  • Back Yard
  • Zoning described as R1

Parking

  • 2 Car Garage

Home Design

  • Foundation Moisture Barrier
  • Slab Foundation
  • Slate Roof

Interior Spaces

  • 4,956 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Wine Cellar
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Bonus Room
  • Art Studio
  • Finished Basement

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Wine Refrigerator
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathroom on Main Level
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Steam Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Monitored
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 127-34-114

Home Details

Home Type

Single Family

Est. Annual Taxes

$63,954

Year Built

Built in 2018

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 1
  • Estimated Completion Date: 12/01/2018
  • Listing Class: Residential
  • Structure Sq Ft: 4956
  • Year Built: 2018
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo, Separate Family Room
  • Fireplace: Family Room, Gas Burning, Living Room
  • Dining Room: Dining Area, Eat in Kitchen
  • Kitchen: Cooktop - Gas, Countertop - Stone, Exhaust Fan, Garbage Disposal, Hood Over Range, Island, Microwave, Oven - Double, Refrigerator, Wine Refrigerator
  • Living Sq Ft: 4956
  • Stories: 2
  • Security: Fire Alarm, Video / Audio System
  • Bedrooms: Primary Suite / Retreat, Primary Suite / Retreate - 2+, More than One Primary Bedroom, Walk-in Closet
  • Laundry: Dryer, In Utility Room, Inside, Tub / Sink, Washer
  • Flooring: Hardwood, Tile
  • Additional Rooms: Artist Studio, Basement - Finished, Bonus / Hobby Room, Laundry Room, Office Area, Wine Cellar / Storage
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Half on Ground Floor, Primary - Stall Shower(s), Shower and Tub, Showers over Tubs - 2+, Stall Shower - 2+, Steam Shower, Tile, Tub in Primary Bedroom, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab, Foundation Moisture Barrier
  • Roof: Slate
  • Yard/Grounds: Back Yard, Balcony / Patio, BBQ Area
  • Fencing: Fenced

Garage/Parking

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

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air - Gas, Radiant Floors
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 127-34-114
  • Lot Acres: 0.1912
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8329.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8329.00
  • Soil: Clay

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2020
Current Estimated Value
$7,102,595

Purchase Details

Listed on
Aug 1, 2019
Closed on
Sep 19, 2019
Sold by
Kang Ping Qi and Liang Yu Juan
Seller's Agent
Juliana Lee
JLEE Realty
Buyer's Agent
Dan Hunnicutt
Compass
List Price
$5,000,000
Sold Price
$5,005,000
Premium/Discount to List
$5,000
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%
Original Mortgage
$3,253,250
Outstanding Balance
$2,814,553
Interest Rate
2.8%
Estimated Equity
$4,288,042

Purchase Details

Closed on
Mar 1, 2011
Sold by
Kang Ping Qi and Liang Yu Juan
Bought by
Kang Ping Qi and Liang Yu Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Interest Rate
4.71%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
-- -- None Available
-- $5,005,000 Chicago Title Company
Kang Ping Qi -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $3,253,250
Previous Owner Kang Ping Qi $500,000
Previous Owner Kang Ping Qi $1,280,000
Previous Owner Liang Yu Juan $924,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2019 10/08/19 Sold $5,005,000 +0.1% $1,010 / Sq Ft
09/09/2019 09/09/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $5,000,000 -- $1,009 / 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 $63,954 $5,473,695 $4,380,050 $1,093,645
2024 $63,954 $5,366,368 $4,294,167 $1,072,201
2023 $63,018 $5,261,146 $4,209,968 $1,051,178
2022 $62,299 $5,157,987 $4,127,420 $1,030,567
2021 $61,155 $5,056,851 $4,046,491 $1,010,360
2020 $59,791 $5,005,000 $4,005,000 $1,000,000
2019 $34,823 $2,852,790 $942,851 $1,909,939
2018 $33,733 $2,785,925 $924,364 $1,861,561
2017 $32,382 $2,666,879 $906,240 $1,760,639
2016 $31,305 $2,594,961 $888,471 $1,706,490
2015 $31,003 $2,555,983 $875,126 $1,680,857
2014 $30,398 $2,505,916 $857,984 $1,647,932
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81762830

MLSListings

APN: 127-34-114