NOT LISTED FOR SALE

Estimated Value: $4,818,000 - $5,474,000

3 Beds
1 Bath
1,117 Sq Ft
$4,636/Sq Ft Est. Value

Last Sold July 19, 2016

Last sale price $2,000,000 $1,791 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $31,960/month

2 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • 1 Car Attached Garage
  • El Carmelo Elementary School Rated A+
  • Breakfast Area or Nook
  • Bathtub with Shower

About This Home

As of July 2016

Builders, Developers and Remodelers! Opportunity in Midtown Palo Alto! Drive By Only, Do Not Go Onto the Property. Do Not Disturb occupant! Original Barrett and Hilp Home in Prime Location on Palo Alto's Bike Boulevard. Home is in need of major and significant renovation or new construction. Property is not currently viewable. Make any offers subject to inspection A few photos have been posted of the interior and backyard area for review of the condition. Disclosures Do Not Include any property inspection reports. There is an in-ground pool in the backyard that is empty and overgrown with vegetation. Property Being Sold As-Is. Please see City of Palo Alto Parcel Report regarding the lot and potential for development. Located in the Gunn High School boundary. El Carmelo Elementary and Stanford Middle Schools.

Last Agent to Sell the Property

John King

Keller Williams Palo Alto License #00868208 Listed on: 07/07/2016

Keller Williams Palo Alto

Last Buyer's Agent

Judy Shen

Coldwell Banker Realty License #01272874

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $56,649

Year Built

  • Built in 1949

Lot Details

  • 6,273 Sq Ft Lot
  • Zoning described as R1

Parking

  • 1 Car Attached Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,117 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Wood Flooring
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Additional Features

  • In Ground Pool
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 132-21-061

Home Details

Home Type

Single Family

Est. Annual Taxes

$56,649

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 1117
  • Incorporated: Yes
  • Year Built: 1949
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Breakfast Nook
  • Living Sq Ft: 1117
  • Stories: 1
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Shower and Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Pool - In Ground
  • Roof: Composition
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 325

Lot Info

  • Parcel Number: 132-21-061
  • Lot Acres: 0.1440
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6250.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6250.00

Multi Family

  • Utilities: Public Utilities

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

Closed on
Jun 7, 2019
Sold by
3294 Bryant Investment Llc
Bought by
Gong Li and Cho Hweieheng
Current Estimated Value
$5,178,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,745,000
Outstanding Balance
$2,413,526
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$2,765,001

Purchase Details

Listed on
Jul 7, 2016
Closed on
Jul 12, 2016
Sold by
Vierra Mary E
Bought by
3294Bryant Investment Llc
Seller's Agent
John King
Keller Williams Palo Alto
Buyer's Agent
Judy Shen
Coldwell Banker Realty
List Price
$1,975,000
Sold Price
$2,000,000
Premium/Discount to List
$25,000
1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.80%

Purchase Details

Closed on
Mar 19, 1998
Sold by
Mirrasoul Howard
Bought by
Vierra Mary and The Howard Mirrasoul Trust

Purchase Details

Closed on
Jul 17, 1996
Sold by
Mirrasoul Howard
Bought by
Mirrasoul Howard
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
Gong Li $4,338,000 Chicago Title Company
3294Bryant Investment Llc $2,000,000 First American Title Company
Vierra Mary -- --
Mirrasoul Howard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gong Li $2,745,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2016 07/19/16 Sold $2,000,000 +1.3% $1,791 / Sq Ft
07/10/2016 07/10/16 Pending -- -- --
07/07/2016 07/07/16 For Sale $1,975,000 -- $1,768 / 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 $56,649 $4,839,117 $3,792,762 $1,046,355
2024 $56,649 $4,744,234 $3,718,395 $1,025,839
2023 $55,818 $4,651,211 $3,645,486 $1,005,725
2022 $55,180 $4,560,011 $3,574,006 $986,005
2021 $54,093 $4,470,600 $3,503,928 $966,672
2020 $52,960 $4,424,760 $3,468,000 $956,760
2019 $33,113 $2,708,800 $2,080,800 $628,000
2018 $25,536 $2,089,600 $2,040,000 $49,600
2017 $24,514 $2,000,000 $2,000,000 $0
2016 $1,768 $75,095 $33,544 $41,551
2015 $1,743 $73,968 $33,041 $40,927
2014 $1,610 $72,520 $32,394 $40,126
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81594078

MLSListings

APN: 132-21-061