NOT LISTED FOR SALE

Estimated Value: $3,079,662 - $4,047,000

3 Beds
1 Bath
1,081 Sq Ft
$3,133/Sq Ft Est. Value

Last Sold April 08, 2024

Last sale price $3,350,000 $3,099 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $18,288/month

6 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Tile Countertops
  • El Carmelo Elementary School Rated A+
  • Bathtub with Shower
  • Forced Air Heating System

About This Home

As of April 2024

Amazing value in the heart of Palo Alto! Located at the end of a quiet cul-de-sac, this cozy rancher features 3 bedrooms and 1 bathroom, 1081+/- sqft of living space on a 7405+/- sqft lot, an open-concept living and dining room, and real hardwood floors. This home is well laid out for entertaining with generous common areas which flow seamlessly to the spacious private back and side yards. Plenty of open space make this home ideal for playing, entertaining, and relaxing. This home also features an attached 2-car garage with laundry hookups, new energy efficient lighting, and fresh paint. Don't miss your opportunity to own a home in this lovely neighborhood close to shops, restaurants, parks, public transportation, and amazing schools (buyer to verify).

Last Agent to Sell the Property

Carol Borison

Compass License #01880666 Listed on: 03/07/2024

Compass

Last Buyer's Agent

Zehong Zhang

Maxreal License #01970276

Maxreal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,007

Year Built

  • Built in 1951

Lot Details

  • 7,405 Sq Ft Lot
  • Wood Fence
  • Back Yard Fenced
  • Pie Shaped Lot
  • Zoning described as R1

Parking

  • 2 Car Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,081 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Wood Flooring
  • Neighborhood Views
  • Crawl Space

Kitchen

  • Gas Oven
  • Tile Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in Garage
  • Washer
  • Laundry Tub

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 132-57-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,007

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 73
  • Listing Class: Residential
  • Structure Sq Ft: 1081
  • Year Built: 1951
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining "L"
  • Kitchen: Countertop - Tile, Oven Range - Gas
  • Living Sq Ft: 1081
  • Stories: 1
  • Bedrooms: More than One Bedroom on Ground Floor
  • Laundry: In Garage, Tub / Sink, Washer
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Shower over Tub - 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Tar and Gravel
  • View: Neighborhood
  • Fencing: Fenced Back, Wood

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified
  • Elementary School: El Carmelo Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 312
  • Middle School: 322

Lot Info

  • Lot Description: Pie Shaped
  • Parcel Number: 132-57-034
  • Lot Acres: 0.1700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7405.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7405.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: El Carmelo 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

Listed on
Mar 7, 2024
Closed on
Apr 4, 2024
Sold by
Chen Pengyao and Zhang Heng
Bought by
Zhang Chen Revocable Living Trust and Chen
Seller's Agent
Carol Borison
Compass
Buyer's Agent
Zehong Zhang
Maxreal
List Price
$2,700,000
Sold Price
$3,350,000
Premium/Discount to List
$650,000
24.07%
Views
115
Current Estimated Value
$3,309,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,328
Avg. Annual Appreciation
1.59%
Original Mortgage
$2,322,630
Outstanding Balance
$2,290,183
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$1,130,833

Purchase Details

Listed on
Mar 7, 2024
Closed on
Mar 14, 2024
Sold by
Shishin Alexander and Taniyama Sawako
Bought by
Chen Pengyao and Zhang Heng
Seller's Agent
Carol Borison
Compass
Buyer's Agent
Zehong Zhang
Maxreal
List Price
$2,700,000
Sold Price
$3,350,000
Premium/Discount to List
$650,000
24.07%
Views
115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,322,630
Outstanding Balance
$2,290,183
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$1,130,833

Purchase Details

Closed on
Jan 23, 2024
Sold by
Shishin Alexander
Bought by
Shishin Alexander and Taniyama Sawako

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,322,630
Outstanding Balance
$2,290,183
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$1,130,833
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
Zhang Chen Revocable Living Trust -- Chicago Title
Chen Pengyao $3,350,000 Chicago Title
Shishin Alexander -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Pengyao $2,322,630
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2024 04/08/24 Sold $3,350,000 +24.1% $3,099 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $2,700,000 -- $2,498 / 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
2024 $2,007 $84,196 $40,740 $43,456
2023 $1,973 $82,546 $39,942 $42,604
2022 $1,941 $80,928 $39,159 $41,769
2021 $1,902 $79,342 $38,392 $40,950
2020 $1,880 $78,530 $37,999 $40,531
2019 $1,854 $76,991 $37,254 $39,737
2018 $1,824 $75,482 $36,524 $38,958
2017 $1,791 $74,003 $35,808 $38,195
2016 $1,738 $72,553 $35,106 $37,447
2015 $1,714 $71,464 $34,579 $36,885
2014 $1,581 $70,065 $33,902 $36,163
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81955298

MLSListings

APN: 132-57-034