Seller's Agent in 2024
Claire Zhou
Compass
(650) 245-5698
1 in this area
83 Total Sales
3355 Vernon Terrace Palo Alto, CA 94303
Palo Verde NeighborhoodEstimated Value: $4,531,000 - $5,139,000
4
Beds
3.5
Baths
2,400
Sq Ft
$2,049/Sq Ft
Est. Value
Highlights
- Two Primary Bedrooms
- Deck
- Wood Flooring
- Palo Verde Elementary School Rated A+
- Contemporary Architecture
- Main Floor Bedroom
About This Home
As of May 2024Absolutely stunning when modern tranquility meets the ultimate California living! Custom-built and newly constructed, this luxury home is just minutes from the hum of Stanford University and Silicon Valleys tech companies, but the private, tree-lined street and sleek, contemporary design make it feel worlds away. Elegant, modern architecture with soaring ceilings, stunning bay windows, and a high elevation creates a bright, dreamy atmosphere soaked in natural light. This home features thoughtful design and high-end finishes throughout. Relax in front of the LED fireplace surrounded in floor-to-ceiling designer tiles; Create gourmet meals in your spacious kitchen fitted with quartz countertops and top-of-the-line appliances; Invite your loved ones to unwind in the ground-floor guest suite, complete with ensuite bathroom and walk-in closet; Enjoy indoor-outdoor living between your covered deck, tiled patio, and expertly landscaped yard. With top-rated schools, world-class dining, and major tech hubs at your doorstep, enjoy all that the Bay Area has to offer if any of it can rival the comfort of your new dream home.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $59,174
Year Built
- Built in 2023
Lot Details
- 6,242 Sq Ft Lot
- Wood Fence
- Sprinklers on Timer
- Back Yard
- Zoning described as R1
Parking
- 1 Car Attached Garage
- On-Street Parking
Home Design
- Contemporary Architecture
- Composition Roof
Interior Spaces
- 2,400 Sq Ft Home
- 2-Story Property
- High Ceiling
- Triple Pane Windows
- Double Pane Windows
- Bay Window
- Formal Entry
- Living Room with Fireplace
- Den
- Garden Views
- Crawl Space
Kitchen
- Open to Family Room
- Eat-In Kitchen
- Gas Oven
- Dishwasher
- Kitchen Island
- Quartz Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- Double Master Bedroom
- Walk-In Closet
- Bathroom on Main Level
- Dual Sinks
- Bathtub with Shower
Laundry
- Laundry on upper level
- Washer and Dryer
Home Security
- Smart Home
- Fire Sprinkler System
Eco-Friendly Details
- Energy-Efficient Insulation
Outdoor Features
- Balcony
- Deck
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Tankless Water Heater
Listing and Financial Details
- Assessor Parcel Number 127-22-054
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 30, 2024
Closed on
Apr 22, 2024
Sold by
Junji And Hongji Revocable Trust and Ma Junji
Bought by
Ramanujam Madhavan and Veeraragavathatham Hema
Seller's Agent
Claire Zhou
Compass
Buyer's Agent
Gino Mazzoni
Gino Mazzoni, Broker
List Price
$4,300,000
Sold Price
$5,025,000
Premium/Discount to List
$725,000
16.86%
Views
41
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$108,191
Avg. Annual Appreciation
-1.60%
Original Mortgage
$2,800,000
Outstanding Balance
$2,763,229
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$2,153,580
Purchase Details
Closed on
Feb 26, 2020
Sold by
Ma Junji and Yang Hongji
Bought by
Ma Junji and Yang Hongji
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,746,600
Interest Rate
2.37%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 19, 2019
Closed on
Mar 29, 2019
Sold by
Matthews Dennis
Bought by
Ma Junji and Yang Hongji
Seller's Agent
Terri Brown
Keller Williams Palo Alto
Buyer's Agent
Houy Kirkpatrick
Keller Williams Realty
List Price
$1,998,000
Sold Price
$2,200,000
Premium/Discount to List
$202,000
10.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.30%
Original Mortgage
$1,760,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 23, 1997
Sold by
Matthews Donald R and Matthews Earl W
Bought by
Matthews Dennis J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.44%
Purchase Details
Closed on
Dec 11, 1993
Sold by
Matthews Michelle A
Bought by
Matthews Donald R
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ramanujam Madhavan | $5,025,000 | Chicago Title | |
| Ma Junji | -- | None Available | |
| Ma Junji | $2,200,000 | Cornerstone Title Company | |
| Matthews Dennis J | -- | North American Title Co | |
| Matthews Donald R | -- | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ramanujam Madhavan | $2,800,000 | |
| Previous Owner | Junji And Hongji Revocable Tru | $1,508,000 | |
| Previous Owner | Junji And Hongji Revocable Tru | $2,575,000 | |
| Previous Owner | Ma Junji | $1,746,600 | |
| Previous Owner | Ma Junji | $1,760,000 | |
| Previous Owner | Ma Junji | $1,760,000 | |
| Previous Owner | Matthews Dennis | $199,000 | |
| Previous Owner | Matthews Dennis | $105,000 | |
| Previous Owner | Matthews Dennis J | $90,000 | |
| Previous Owner | Matthews Dennis J | $213,000 | |
| Previous Owner | Matthews Dennis J | $250,000 | |
| Previous Owner | Matthews Dennis J | $100,000 | |
| Previous Owner | Matthews Dennis | $185,700 | |
| Previous Owner | Matthews Dennis J | $100,000 | |
| Previous Owner | Matthews Dennis | $203,900 | |
| Previous Owner | Matthews Dennis J | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/03/2024 05/03/24 | Sold | $5,025,000 | +16.9% | $2,094 / Sq Ft |
| 04/03/2024 04/03/24 | Pending | -- | -- | -- |
| 03/31/2023 03/31/23 | For Sale | $4,300,000 | +95.5% | $1,792 / Sq Ft |
| 04/04/2019 04/04/19 | Sold | $2,200,000 | +10.1% | $2,170 / Sq Ft |
| 03/05/2019 03/05/19 | Pending | -- | -- | -- |
| 02/19/2019 02/19/19 | For Sale | $1,998,000 | -- | $1,970 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $59,174 | $5,125,500 | $3,901,500 | $1,224,000 |
| 2024 | $59,174 | $4,952,337 | $2,351,337 | $2,601,000 |
| 2023 | $38,219 | $3,153,233 | $2,305,233 | $848,000 |
| 2022 | $29,192 | $2,370,033 | $2,260,033 | $110,000 |
| 2021 | $27,947 | $2,267,247 | $2,215,719 | $51,528 |
| 2020 | $27,371 | $2,244,000 | $2,193,000 | $51,000 |
| 2019 | $5,162 | $362,467 | $281,334 | $81,133 |
| 2018 | $5,037 | $355,361 | $275,818 | $79,543 |
| 2017 | $4,946 | $348,394 | $270,410 | $77,984 |
| 2016 | $4,810 | $341,563 | $265,108 | $76,455 |
| 2015 | $4,755 | $336,433 | $261,126 | $75,307 |
| 2014 | $4,572 | $329,843 | $256,011 | $73,832 |
Source: Public Records
Agents Affiliated with this Home
-
Claire Zhou
-
Gino Mazzoni
Buyer's Agent in 2024
Gino Mazzoni
Gino Mazzoni, Broker
(650) 802-7780
1 in this area
8 Total Sales
-
T
Seller's Agent in 2019
Terri Brown
Keller Williams Palo Alto
-
H
Buyer's Agent in 2019
Houy Kirkpatrick
Keller Williams Realty
Map
Source: MLSListings
MLS Number: ML81959467
APN: 127-22-054
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