NOT LISTED FOR SALE

323 Santa Rita Ave Palo Alto, CA 94301

Old Palo Alto Neighborhood

Estimated Value: $7,779,000 - $10,247,904

4 Beds
3 Baths
2,780 Sq Ft
$3,134/Sq Ft Est. Value

Last Sold August 22, 2022

Last sale price $10,000,000 $3,597 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $57,532/month

12 Days on Market

Highlights

  • English Architecture
  • Wood Flooring
  • Wine Refrigerator
  • Walter Hays Elementary Rated A+
  • Marble Bathroom Countertops
  • Formal Dining Room

About This Home

As of August 2022

With roots dating back to 1926, this English Tudor presents a stunning transformation into designer elegance for 21st century living. This premier setting is on a highly sought-after block in the heart of Old Palo Alto. The main house has 4 bedrooms upstairs while a beautiful ~260 SF detached studio guest house is adjoined by a ~305 SF outdoor loggia with fireplace & heaters. The enchanting English gardens, designed by Katsy Swan, include flowering trees, lavender beds, and verdant foliage. The chic, sophisticated style offers sumptuous interiors, exceptional outdoor living space, a guest house, and a drought-tolerant synthetic lawn. The highest quality La Cornue gas range takes center stage in the kitchen, an inviting family room could also serve as today's home office, and the dramatic all-glass conservatory creates year-round living space under the sun and stars. Highly acclaimed Palo Alto schools add the finishing touch as well as proximity to Stanford University.

Last Agent to Sell the Property

Tom LeMieux

Compass License #01066910 Listed on: 08/04/2022

Compass

Co-Listed By

Jennifer Bitter

Compass License #01847627

Last Buyer's Agent

Hadar Guibara

Christie's International Real Estate Sereno License #01881561

Christie's International Real Estate Sereno

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $120,798

Year Built

  • 1926

Lot Details

  • 10,006 Sq Ft Lot
  • Security Fence
  • Gated Home
  • Level Lot
  • Sprinklers on Timer
  • Back Yard

Parking

  • 2 Car Detached Garage

Home Design

  • English Architecture
  • Tudor Architecture
  • Shake Roof
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,780 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Separate Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Security Gate

Kitchen

  • Built-In Oven
  • Range Hood
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Marble Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System

Home Details

Home Type

Single Family

Est. Annual Taxes

$120,798

Year Built

1926

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1929
  • Subclass: Single Family Home
  • Style: English, Tudor
  • Age: 96
  • Listing Class: Residential
  • Structure Sq Ft: 2780
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1926

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Dishwasher, Garbage Disposal, Hood Over Range, Island, Oven - Built-In, Refrigerator, Trash Compactor, Wine Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 2780
  • Stories: 2
  • Security: Security Fence
  • Bedrooms: Walk-In Closet
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Laundry Room, Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Full On Ground Floor, Marble, Shower And Tub, Shower Over Tub - 1, Stall Shower

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shake, Shingle
  • Yard/Grounds: Back Yard, Sprinklers - Auto
  • Fencing: Gate

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Security Gate

Schools

  • School District: Palo Alto Unified
  • Elementary School: Walter Hays Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 315
  • Middle School: 329

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2297
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10005.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10005.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Aug 18, 2022
Sold by
Aguilar Family Trust
Bought by
323 Santa Rita Trust
Seller's Agent
Tom LeMieux
Compass
Buyer's Agent
Hadar Guibara
Christie's International Real Estate Sereno
List Price
$7,995,000
Sold Price
$10,000,000
Premium/Discount to List
$2,005,000
25.08%
Views
10
Current Estimated Value
$8,711,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,288,699
Avg. Annual Appreciation
-4.87%

Purchase Details

Listed on
Apr 5, 2020
Closed on
Apr 21, 2020
Sold by
Jones Carolyn Ellis and Jones Harvey Cooper
Bought by
Aguilar Macias Hector and Aguilar Nina J
Seller's Agent
Sherry Bucolo
Compass
Buyer's Agent
Tom LeMieux
Compass
List Price
$7,250,000
Sold Price
$6,850,000
Premium/Discount to List
-$400,000
-5.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.71%

Purchase Details

Closed on
May 5, 2011
Sold by
Jones Barbara E
Bought by
Jones Barbara E

Purchase Details

Closed on
May 25, 2010
Sold by
Nachtrieb Ellen Bell
Bought by
Jones Barbara E

Purchase Details

Closed on
Apr 1, 2008
Sold by
Nachtrieb Ellen Bell
Bought by
Nachtrieb Ellen Bell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.99%
Mortgage Type
Credit Line Revolving
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
323 Santa Rita Trust $10,000,000 Lawyers Title
Aguilar Macias Hector $6,850,000 Chicago Title Company
Jones Barbara E -- Chicago Title Company
Jones Barbara E -- Chicago Title Company
Nachtrieb Ellen Bell -- Lsi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nachtrieb Ellen Bell $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2022 08/22/22 Sold $10,000,000 +25.1% $3,597 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $7,995,000 +16.7% $2,876 / Sq Ft
04/27/2020 04/27/20 Sold $6,850,000 -5.5% $2,246 / Sq Ft
04/20/2020 04/20/20 Pending -- -- --
04/05/2020 04/05/20 For Sale $7,250,000 -- $2,377 / 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 $120,798 $10,200,000 $7,650,000 $2,550,000
2023 $119,036 $10,000,000 $7,500,000 $2,500,000
2022 $84,934 $7,059,385 $6,337,988 $721,397
2021 $83,263 $6,920,966 $6,213,714 $707,252
2020 $57,576 $4,809,877 $4,249,061 $560,816
2019 $56,947 $4,715,567 $4,165,747 $549,820
2018 $55,362 $4,623,106 $4,084,066 $539,040
2017 $54,393 $4,532,458 $4,003,987 $528,471
2016 $52,975 $4,443,587 $3,925,478 $518,109
2015 $52,468 $4,376,841 $3,866,514 $510,327
2014 $51,518 $4,291,106 $3,790,775 $500,331
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Tom LeMieux

    Compass

    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jennifer Bitter

    Compass

    Section Image
  • Hadar Guibara

    Buyer's Agent in 2022

    Hadar Guibara

    Sereno Group

    (650) 740-6295

    2 in this area

    31 Total Sales

    Section Image
  • Sherry Bucolo

    Seller's Agent in 2020

    Sherry Bucolo

    Compass

    (650) 207-9909

    14 in this area

    42 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81902679

MLSListings

APN: 124-13-059

California Santa Clara County Palo Alto 94301 Old Palo Alto

323 Santa Rita Ave, Palo Alto, CA

This home is located at 323 Santa Rita Ave, Palo Alto, CA 94301 since 04 August 2022 and is currently estimated at $8,711,301, approximately $3,133 per square foot. This property was built in 1926. 323 Santa Rita Ave is a home located in Santa Clara County with nearby schools including Walter Hays Elementary, Frank S. Greene Jr. Middle, and Palo Alto High School.

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