NOT LISTED FOR SALE

315 Colorado Ave Palo Alto, CA 94306

Midtown Palo Alto Neighborhood

Estimated Value: $3,251,000 - $4,300,000

4 Beds
2 Baths
1,856 Sq Ft
$2,041/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $3,200,000 $1,724 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $23,888/month

4 Days on Market

Highlights

  • Primary Bedroom Suite
  • Contemporary Architecture
  • Corian Countertops
  • El Carmelo Elementary School Rated A+
  • Wood Flooring
  • Breakfast Area or Nook

About This Home

As of October 2022

Beautiful, updated 4 bed/ 2 bath Mid-Century Modern in Prime Midtown location. Attractive curb appeal with modern geometric multi-colored concrete hardscape. Many large double-pane windows Clean and bright. Colored walls provide interest to the artful eye. Kitchen features Corian counters, a dishwasher, refrigerator, 5 burner gas stove top, and a breakfast nook. The spacious living / dining room has a gas starter fireplace, custom designed shelving, and French doors that lead beautiful, low-maintenance side and back yards. Hall bath has shower over tub. Master bath has Grohe shower system. Walk-in closet. A second bedroom has an attached Murphy bed and a 3rd bedroom has a built in desk and Elfa shelving. The 4th bedroom could also serve as a family room. low -maintenance side& back yards. Newer furnace / AC unit, and air-filter. Foam roof. A 2-car garage. Located in ideal Prime Midtown close shops, Cal-train station, parks, Stanford University, award winning schools.

Last Agent to Sell the Property

Ken Morgan

Coldwell Banker Realty License #00877457 Listed on: 09/15/2022

Coldwell Banker Realty

Last Buyer's Agent

Matthew Rogers

Rogers & Associates, Inc. License #01824110

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,489

Year Built

  • 1950

Lot Details

  • 5,929 Sq Ft Lot
  • Northeast Facing Home
  • Wood Fence
  • Level Lot
  • Grass Covered Lot
  • Back Yard Fenced

Parking

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

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Foam Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,856 Sq Ft Home
  • 1-Story Property
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Corian Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,489

Year Built

1950

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Style: Contemporary
  • Age: 72
  • Listing Class: Residential
  • Structure Sq Ft: 1856
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Fireplace: Gas Starter, Living Room
  • Dining Room: Breakfast Nook, Dining Area In Living Room, No Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Solid Surface / Corian, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1856
  • Stories: 1
  • Bedrooms: Ground Floor Bedroom, Primary Bedroom On Ground Floor, Primary Suite / Retreat, Walk-In Closet
  • Laundry: Gas Hookup, Inside
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Full On Ground Floor, Primary - Stall Shower(s), Shower Over Tub - 1, Updated Bath

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Flat / Low Pitch, Foam
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Fenced, Low Maintenance
  • Fencing: Fenced Back, Wood
  • Property Faces: Northeast
  • Construction Type: Wood

Garage/Parking

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

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1361
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5928.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5928.00
  • Soil: Adobe

Green Features

  • Energy Features: Double Pane Windows, Thermostat Controller

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2022
Closed on
Oct 3, 2022
Sold by
Arams Cheryll P
Bought by
Shengkun Yang And Keting Su Revocable Trust
Seller's Agent
Ken Morgan
Coldwell Banker Realty
Buyer's Agent
Matthew Rogers
Rogers & Associates, Inc.
List Price
$2,998,000
Sold Price
$3,200,000
Premium/Discount to List
$202,000
6.74%
Views
4
Current Estimated Value
$3,787,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$587,387
Avg. Annual Appreciation
6.05%
Original Mortgage
$2,080,000
Outstanding Balance
$1,969,618
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$1,817,769

Purchase Details

Closed on
Jul 28, 2022
Sold by
Mark Arams
Bought by
Arams Cheryll P

Purchase Details

Closed on
Aug 24, 2010
Sold by
Arams Mark and Arams Cheryll P
Bought by
Arams Mark and Arams Cheryll P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,900
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2009
Sold by
Arams Mark S and Arams Cheryll P
Bought by
Arams Mark and Arams Cheryll P

Purchase Details

Closed on
May 12, 2000
Sold by
Hunton Betsy M
Bought by
Arams Mark S and Arams Cheryl P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.67%
Mortgage Type
Seller Take Back
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
Shengkun Yang And Keting Su Revocable Trust $3,200,000 Old Republic Title
Arams Cheryll P -- None Listed On Document
Arams Mark -- None Listed On Document
Arams Mark -- Stewart Title Of California
Arams Mark -- Stewart Title Of California
Arams Mark -- None Available
Arams Mark S -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shengkun Yang And Keting Su Revocable Trust $2,080,000
Previous Owner Arams Mark $326,600
Previous Owner Arams Mark $338,900
Previous Owner Arams Mark S $380,000
Previous Owner Arams Mark S $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $3,200,000 +6.7% $1,724 / Sq Ft
09/20/2022 09/20/22 Pending -- -- --
09/15/2022 09/15/22 For Sale $2,998,000 -- $1,615 / 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 $39,489 $3,348,660 $3,069,180 $279,480
2024 $39,489 $3,283,000 $3,009,000 $274,000
2023 $38,689 $3,200,000 $2,950,000 $250,000
2022 $18,737 $1,491,772 $1,303,498 $188,274
2021 $18,368 $1,462,523 $1,277,940 $184,583
2020 $17,996 $1,447,528 $1,264,837 $182,691
2019 $17,795 $1,419,146 $1,240,037 $179,109
2018 $17,315 $1,391,321 $1,215,723 $175,598
2017 $17,011 $1,364,041 $1,191,886 $172,155
2016 $16,563 $1,337,296 $1,168,516 $168,780
2015 $16,399 $1,317,209 $1,150,964 $166,245
2014 $16,030 $1,291,408 $1,128,419 $162,989
Source: Public Records

Agents Affiliated with this Home

  • Ken Morgan

    Seller's Agent in 2022

    Ken Morgan

    Coldwell Banker Realty

    (650) 208-3722

    4 in this area

    8 Total Sales

    Ken Morgan
    Section Image

  • M

    Buyer's Agent in 2022

    Matthew Rogers

    Rogers & Associates, Inc.

    Section Image
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Map

Source: MLSListings

MLS Number: ML81907385

MLSListings

APN: 132-12-038

California Santa Clara County Palo Alto 94301 Midtown Palo Alto

315 Colorado Ave, Palo Alto, CA

This home is located at 315 Colorado Ave, Palo Alto, CA 94306 since 15 September 2022 and is currently estimated at $3,787,387, approximately $2,040 per square foot. This property was built in 1950. 315 Colorado Ave is a home located in Santa Clara County with nearby schools including El Carmelo Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

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