NOT LISTED FOR SALE

Estimated Value: $3,418,000 - $4,395,000

3 Beds
1 Bath
1,064 Sq Ft
$3,581/Sq Ft Est. Value

Last Sold November 03, 2022

Last sale price $2,725,000 $2,561 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $22,848/month

22 Days on Market

Highlights

  • Wood Flooring
  • Quartz Countertops
  • Balcony
  • El Carmelo Elementary School Rated A+
  • Neighborhood Views
  • 2 Car Attached Garage

About This Home

As of November 2022

***Make it yours! This 1954 Vintage Classic features 3 bedrooms,1 bath with a 1,064 sqft living space. Located on an incredibly large 7426 SqFt lot, it's an excellent opportunity to build your new dream home or remodel and expand on the existing blueprint***Ideally located in midtown Palo Alto next to Stanford, Sand Hill Rd, Silicon Valleys top companies, parks, highway 101 + 280, and nationally acclaimed schools*** This home was built with comfort, convenience and flow at a premium. The refinished hardwood flooring provides a formal touch, and perfectly pairs with the cascading natural light let in with multiple large windows and charming living room fireplace. The expansive backyard has endless possibilities, just waiting for your next get-together!***

Last Agent to Sell the Property

Frank Oliver

Oliver Group License #00491292 Listed on: 09/13/2022

Last Buyer's Agent

Sue Cheng

Intero Real Estate Services License #02027196

Intero Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,658

Year Built

  • Built in 1954

Lot Details

  • 7,427 Sq Ft Lot
  • Back Yard Fenced
  • Level Lot
  • Sprinklers on Timer
  • Grass Covered Lot
  • Zoning described as R1

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,064 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Neighborhood Views

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Quartz Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower
  • Bathtub Includes Tile Surround

Laundry

  • Laundry in Garage
  • Gas Dryer Hookup

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 132-47-045

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,658

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Listing Class: Residential
  • Structure Sq Ft: 1064
  • Incorporated: Yes
  • Year Built: 1954
  • 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 Area in Living Room, Eat in Kitchen
  • Kitchen: Countertop - Quartz, Oven Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1064
  • Stories: 1
  • Laundry: Gas Hookup, In Garage
  • Flooring: Hardwood, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Shower and Tub, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Neighborhood
  • Yard/Grounds: Balcony / Patio, Fenced, Low Maintenance, Sprinklers - Auto
  • Fencing: Fenced, Fenced Back, Wood
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Lot Info

  • Lot Description: Grade - Level, Regular
  • Parcel Number: 132-47-045
  • Lot Acres: 0.1705
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7426.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7426.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Oct 18, 2022
Sold by
Hilbers Family Trust
Bought by
Zheng Lu and Jiang Lin
Seller's Agent
Frank Oliver
Oliver Group
Buyer's Agent
Sue Cheng
Intero Real Estate Services
List Price
$2,788,000
Sold Price
$2,725,000
Premium/Discount to List
-$63,000
-2.26%
Views
4
Current Estimated Value
$3,810,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,085,272
Avg. Annual Appreciation
11.86%
Original Mortgage
$2,180,000
Outstanding Balance
$2,076,403
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$1,733,869

Purchase Details

Closed on
Aug 20, 2019
Sold by
Hilbers G Richard and Hilbers Imogene M
Bought by
Hilbers George Richard and Hilbers Imogene Morse

Purchase Details

Closed on
May 24, 2017
Sold by
The Hilbers Family Trust
Bought by
Hilbers Hilbers G and Hilbers Imogene M
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
Zheng Lu $2,725,000 Fidelity National Title
Hilbers George Richard -- None Available
Hilbers Hilbers G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Lu $2,180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2022 11/03/22 Sold $2,725,000 -2.3% $2,561 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
09/28/2022 09/28/22 For Sale $2,788,000 0.0% $2,620 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $2,788,000 -- $2,620 / 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 $33,658 $3,168,070 $2,783,070 $385,000
2024 $33,658 $2,779,500 $2,728,500 $51,000
2023 $33,164 $2,725,000 $2,675,000 $50,000
2022 $1,970 $83,320 $39,159 $44,161
2021 $1,930 $81,688 $38,392 $43,296
2020 $1,908 $80,852 $37,999 $42,853
2019 $1,881 $79,267 $37,254 $42,013
2018 $1,851 $77,714 $36,524 $41,190
2017 $1,816 $76,191 $35,808 $40,383
2016 $1,763 $74,698 $35,106 $39,592
2015 $1,738 $73,577 $34,579 $38,998
2014 $1,606 $72,137 $33,902 $38,235
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81907095

MLSListings

APN: 132-47-045