NOT LISTED FOR SALE

Estimated Value: $3,239,000 - $4,218,000

4 Beds
2 Baths
1,484 Sq Ft
$2,511/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $2,575,000 $1,735 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $23,339/month

9 Days on Market

Highlights

  • 2 Car Attached Garage
  • Combination Dining and Living Room
  • Separate Family Room
  • Palo Verde Elementary School Rated A+
  • Ceiling Fan
  • Pie Shaped Lot

About This Home

As of February 2019

Well located Palo Alto home. Quiet cul de sac, close to Midtown Shopping Center, local parks, Philz Coffee, US 101. Palo Verde Elementary, Jane Lathrop Stanford Middle School and Palo Alto HS (Buyer to verify). Easy commute to High Tech Firms, only a short drive to SFO and the City. Cubberley Community Center and Charleston shopping center are also nearby. Spacious back yard with fruit trees and covered patio, 2 car garage. Move in, stay a while and decide how to enlarge or remodel. Also a great candidate for complete rebuild.

Last Agent to Sell the Property

Rick Smith

Windermere Silicon Valley License #00907087 Listed on: 01/28/2019

Last Buyer's Agent

Michael Cheng

Archers Homes License #01886927

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,320

Year Built

  • Built in 1952

Lot Details

  • 7,902 Sq Ft Lot
  • Pie Shaped Lot
  • Zoning described as R1

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,484 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Separate Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Laundry in Garage

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 127-08-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,320

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 67
  • Listing Class: Residential
  • Structure Sq Ft: 1484
  • Year Built: 1952
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining Area in Living Room
  • Living Sq Ft: 1484
  • Stories: 1
  • Laundry: In Garage
  • Flooring: Carpet, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • 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: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Palo Alto Unified
  • Elementary School: Palo Verde Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 320
  • Middle School: 322

Lot Info

  • Lot Description: Pie Shaped
  • Parcel Number: 127-08-015
  • Lot Acres: 0.1814
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7900.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7900.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Palo Verde Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2019
Sold by
Gadgil Harshawardhan S and Vaidya Prajakta
Bought by
Gadgil Harshawardhan S and Vaidya Prajakta
Current Estimated Value
$3,726,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,050,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 28, 2019
Closed on
Feb 13, 2019
Sold by
Herrel Gloria Wen Mei and The Lee Family Revocable Trust
Bought by
Gadgil Harshawardhan and Vaidya Prajakta
Seller's Agent
Rick Smith
Windermere Silicon Valley
Buyer's Agent
Michael Cheng
Archers Homes
List Price
$1,499,950
Sold Price
$2,575,000
Premium/Discount to List
$1,075,050
71.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%
Original Mortgage
$2,060,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2001
Sold by
Lee Brown Ching Teh and Lee Esther Shaw
Bought by
The Lee Family Revocable Trust and Lee Brown Ching Teh
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gadgil Harshawardhan S -- None Available
Gadgil Harshawardhan $2,575,000 Chicago Title Co
The Lee Family Revocable Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gadgil Harshawardhan S $2,000,000
Closed Gadgil Harshawardhan $2,050,000
Closed Gadgil Harshawardhan $2,060,000
Previous Owner Herrel Gloria Wen Mei $938,250
Previous Owner Lee Brown Ching Teh $45,000
Previous Owner Lee Brown Ching Teh $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2019 02/28/19 Sold $2,575,000 +3.0% $1,735 / Sq Ft
02/07/2019 02/07/19 Pending -- -- --
01/28/2019 01/28/19 Price Changed $2,499,950 +66.7% $1,685 / Sq Ft
01/28/2019 01/28/19 For Sale $1,499,950 -- $1,011 / 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 $38,320 $3,247,120 $2,816,684 $430,436
2024 $38,320 $3,183,452 $2,761,455 $421,997
2023 $37,756 $3,121,032 $2,707,309 $413,723
2022 $37,321 $3,059,836 $2,654,225 $405,611
2021 $36,585 $2,999,840 $2,602,182 $397,658
2020 $31,694 $2,611,200 $2,575,500 $35,700
2019 $1,504 $116,593 $31,872 $84,721
2018 $1,477 $114,308 $31,248 $83,060
2017 $1,452 $112,068 $30,636 $81,432
2016 $1,402 $109,872 $30,036 $79,836
2015 $1,307 $108,222 $29,585 $78,637
2014 $1,287 $106,103 $29,006 $77,097
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81736795

MLSListings

APN: 127-08-015