NOT LISTED FOR SALE

3253 Ramona St Palo Alto, CA 94306

South of Midtown Neighborhood

Estimated Value: $4,294,860 - $4,596,000

4 Beds
3 Baths
2,206 Sq Ft
$2,017/Sq Ft Est. Value

Last Sold April 30, 2014

Last sale price $2,900,000 $1,315 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $26,902/month

15 Days on Market

Highlights

  • Primary Bedroom Suite
  • Craftsman Architecture
  • Main Floor Bedroom
  • El Carmelo Elementary School Rated A+
  • Wood Flooring
  • High Ceiling

About This Home

As of April 2014

Beautiful, luxurious & newer craftsman 4 bed/3 bath home in Midtown! Features elegant golden hardwood cabinetry/breakfast bar/wine cooler/tile back splash in kitchen, spacious & inviting family room, vaulted ceilings in multiple bedrooms & tranquil Asian-inspired landscaping! Easy access to top Palo Alto schools (El Carmelo Elementary, JLS Middle & Gunn High), shopping, dining & commute routes.

Last Agent to Sell the Property

Juliana Lee

Keller Williams Palo Alto License #00851314 Listed on: 03/13/2014

Keller Williams Palo Alto

Last Buyer's Agent

Henry Hua Tang

RE/MAX Real Estate Services License #01251988

RE/MAX Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,947

Year Built

  • Built in 2007

Lot Details

  • Fenced
  • Level Lot
  • Zoning described as R1

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,206 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Double Pane Windows
  • Family or Dining Combination
  • Storage Room
  • Neighborhood Views

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 132-21-068

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,947

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Craftsman
  • Sale Price Per Sq Ft: 1314.60
  • Level Street Main: Bedroom(s)
  • Listing Class: Residential
  • Structure Sq Ft: 2206
  • Incorporated: Yes
  • Map Book Page: 811
  • Map Side Coordinate: 1
  • Map Top Coordinate: C
  • Thomas Bros Page: 811
  • Thomas Brothers: C1
  • Year Built: 2007
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Dining "L", Dining Area in Family Room, Breakfast Bar
  • Kitchen: Dishwasher, Garbage Disposal, Refrigerator, Oven - Built-In, 220 Volt Outlet
  • Living Sq Ft: 2206
  • Stories: 2
  • Bedrooms: Primary Suite / Retreat, Ground Floor Bedroom
  • Laundry: In Laundry Room, 220 Volt Outlet
  • Flooring: Carpet - Wall to Wall, Hardwood
  • Additional Rooms: Storage
  • Maximum Bathrooms: 3
  • Minimum Bathrooms: 3
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Shower over Tub - 1, Tubs - 2+, Stall Shower - 2+, Tub in Primary Bedroom

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Patio(s), Fenced
  • Exterior: Wood, Stucco

Garage/Parking

  • Garage Spaces: 2

Utilities

  • Cooling System: Central AC
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Double Pane Windows(s), High Ceiling

Schools

  • High School: 325

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 132-21-068
  • List Price per Sq Ft: 861.29
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6250.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6250.00
  • Lot Size Area Min Search: 6250.00
  • Maximum Lot Size: 6250.00
  • Map Book: Thomas Bros

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Maximum Building Height: 2
  • Minimum Building Height: 2

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: El Carmelo Elementary
  • High School Text: Henry M. Gunn High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2014
Closed on
Apr 23, 2014
Sold by
Ling Michael and Liu Pi Hsuan
Bought by
Zhang Li and Zhang Wei
Seller's Agent
Juliana Lee
Keller Williams Palo Alto
Buyer's Agent
Henry Hua Tang
RE/MAX Real Estate Services
List Price
$1,900,000
Sold Price
$2,900,000
Premium/Discount to List
$1,000,000
52.63%
Current Estimated Value
$4,449,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,549,715
Avg. Annual Appreciation
3.79%
Original Mortgage
$1,450,000
Outstanding Balance
$1,022,949
Interest Rate
2.54%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,426,766

Purchase Details

Closed on
May 5, 2011
Sold by
Chen Michael Kerby
Bought by
Ling Michael and Liu Pi Hsuan

Purchase Details

Closed on
Jan 12, 2011
Sold by
Chen Michael Kerby and Lee Cathy Nam Hung
Bought by
Chen Michael Kerby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.62%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 30, 2002
Sold by
Montavon Christina
Bought by
Chen Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.95%

Purchase Details

Closed on
Nov 9, 1998
Sold by
William Montavon and Montavon Christina
Bought by
Montavon William Joseph and Montavon Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,500
Interest Rate
6.42%

Purchase Details

Closed on
Jun 10, 1998
Sold by
William Montavon and Joseph William
Bought by
Montavon William Joseph and Montavon Christina
Source: Public Records

Range of Values:

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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
Zhang Li $2,900,000 Old Republic Title Company
Ling Michael $1,849,750 Old Republic Title Company
Chen Michael Kerby -- Old Republic Title Company
Chen Michael $650,000 Chicago Title
Montavon William Joseph -- Commonwealth Land Title
Montavon William Joseph $10,500 Commonwealth Land Title
Montavon William Joseph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Li $1,450,000
Previous Owner Chen Michael Kerby $250,000
Previous Owner Chen Michael $400,000
Previous Owner Montavon William Joseph $68,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2014 04/30/14 Sold $2,900,000 +52.6% $1,315 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
03/13/2014 03/13/14 For Sale $1,900,000 -- $861 / 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 $41,947 $3,554,996 $2,206,550 $1,348,446
2024 $41,947 $3,485,291 $2,163,285 $1,322,006
2023 $41,332 $3,416,953 $2,120,868 $1,296,085
2022 $40,858 $3,349,955 $2,079,283 $1,270,672
2021 $40,054 $3,284,270 $2,038,513 $1,245,757
2020 $7,999 $3,250,595 $2,017,611 $1,232,984
2019 $38,791 $3,186,858 $1,978,050 $1,208,808
2018 $37,718 $3,124,371 $1,939,265 $1,185,106
2017 $37,057 $3,063,110 $1,901,241 $1,161,869
2016 $36,089 $3,003,050 $1,863,962 $1,139,088
2015 $35,741 $2,957,942 $1,835,964 $1,121,978
2014 $23,626 $1,933,478 $966,739 $966,739
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Juliana Lee

    Keller Williams Palo Alto

    Section Image

  • H

    Buyer's Agent in 2014

    Henry Hua Tang

    RE/MAX

    Section Image
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Map

Source: MLSListings

MLS Number: ML81407896

MLSListings

APN: 132-21-068

California Santa Clara County Palo Alto 94306 South of Midtown

3253 Ramona St, Palo Alto, CA

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