NOT LISTED FOR SALE

3101 Louis Rd Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $3,089,000 - $3,622,000

4 Beds
2 Baths
1,457 Sq Ft
$2,315/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $2,700,000 $1,853 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $20,604/month

13 Days on Market

Highlights

  • Bathtub with Shower
  • Walk-in Shower
  • Ceiling Fan
  • Palo Verde Elementary School Rated A+
  • Combination Dining and Living Room
  • 2-minute walk to Henry Seale Park

About This Home

As of May 2023

Outstanding Midtown opportunity! This one-of-a-kind property presents the opportunity to remodel, expand, or build anew on a sprawling lot along one of Midtown's finest streets. Recently built luxury homes surround the property, underscoring the desirability of this highly central location. 4 Bedrooms, 2 Bathrooms, 1,457 SqFt on a 6,200 SqFt lot. Convenient access to some of the best of Palo Alto including Henry W. Seale Park, Midtown and California Avenue shops and restaurants, award-winning schools, Caltrans station, and much more! This home is a blank canvas ready for your dreams!

Last Agent to Sell the Property

Stephen Hicks

Gateway Properties License #00923168 Listed on: 04/05/2023

Last Buyer's Agent

Nina Mu

H & H Consulting and Realty, Inc License #01818715

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,472

Year Built

  • Built in 1952

Lot Details

  • 6,477 Sq Ft Lot
  • Zoning described as R1

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,457 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Utilities

  • Wall Furnace
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 127-24-042

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,472

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 71
  • Listing Class: Residential
  • Structure Sq Ft: 1457
  • Year Built: 1952
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area in Living Room
  • Living Sq Ft: 1457
  • Stories: 1
  • Flooring: Carpet
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Shower over Tub - 1, Stall Shower
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

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

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Fireplace, Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 127-24-042
  • Lot Acres: 0.1487
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6479.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6479.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2023
Closed on
May 12, 2023
Sold by
Wang Han
Bought by
Zhang Dan
Seller's Agent
Stephen Hicks
Gateway Properties
Buyer's Agent
Nina Mu
H & H Consulting and Realty, Inc
List Price
$2,699,000
Sold Price
$2,700,000
Premium/Discount to List
$1,000
0.04%
Total Days on Market
13
Views
20
Current Estimated Value
$3,372,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$672,511
Avg. Annual Appreciation
11.52%
Original Mortgage
$2,000,000
Outstanding Balance
$1,949,355
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$1,423,156

Purchase Details

Listed on
Apr 5, 2023
Closed on
Apr 28, 2023
Sold by
Funded Revocable Trust
Bought by
Zhang Dan and Wang Han
Seller's Agent
Stephen Hicks
Gateway Properties
Buyer's Agent
Nina Mu
H & H Consulting and Realty, Inc
List Price
$2,699,000
Sold Price
$2,700,000
Premium/Discount to List
$1,000
0.04%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,949,355
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$1,423,156
Source: Public Records

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Range of Values:

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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 Dan -- Chicago Title
Wang Han -- Chicago Title
Zhang Dan $2,700,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Han $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2023 05/19/23 Sold $2,700,000 0.0% $1,853 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $2,699,000 -- $1,852 / 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 $32,472 $2,754,000 $2,703,000 $51,000
2023 $27,573 $2,325,000 $2,275,000 $50,000
2022 $912 $79,195 $34,590 $44,605
2021 $894 $77,643 $33,912 $43,731
2020 $875 $76,848 $33,565 $43,283
2019 $864 $75,342 $32,907 $42,435
2018 $854 $73,865 $32,262 $41,603
2017 $839 $72,418 $31,630 $40,788
2016 $804 $70,999 $31,010 $39,989
2015 $855 $69,934 $30,545 $39,389
2014 $843 $68,565 $29,947 $38,618
Source: Public Records

Agents Affiliated with this Home

  • Stephen Hicks

    Seller's Agent in 2023

    Stephen Hicks

    Gateway Properties

    (650) 670-4064

    1 in this area

    29 Total Sales

    Stephen Hicks
    Section Image

  • N

    Buyer's Agent in 2023

    Nina Mu

    H & H Consulting and Realty, Inc

    (408) 207-5317

    1 in this area

    16 Total Sales

    Nina Mu
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81923678

MLSListings

APN: 127-24-042

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

3101 Louis Rd, Palo Alto, CA

This home is located at 3101 Louis Rd, Palo Alto, CA 94303 since 05 April 2023 and is currently estimated at $3,372,511, approximately $2,314 per square foot. This property was built in 1952. 3101 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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