NOT LISTED FOR SALE

3366 Vernon Terrace Palo Alto, CA 94303

Palo Verde Neighborhood

Estimated Value: $3,617,000 - $5,259,000

5 Beds
4 Baths
2,790 Sq Ft
$1,581/Sq Ft Est. Value

Last Sold May 16, 2012

Last sale price $2,255,000 $808 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $26,299/month

Highlights

  • Wood Flooring
  • Wine Refrigerator
  • 2 Car Attached Garage
  • Palo Verde Elementary School Rated A+
  • Breakfast Area or Nook
  • Kitchen Island

About This Home

As of July 2022

Situated in the quiet South Palo Alto neighborhood fo Palo Verde, this stunning two story 5 bedroom 4 bath home is a private retreat. This beautiful home features a spacious open floor plan, updated chef's kitchen complete with high end appliances, private office, high vaulted ceilings with skylights throughout, and a generous backyard with 2 private patios. zThe home also comes partially furnished with outdoor furniture, Tv's, 2 large wine fridges, and Tonal gym equipment. Just minutes from Hwy 101, Henry W. Seale Park, and downtown Palo Alto, this home offers comfort and convenience from all angles.

Last Agent to Rent the Property

Phil Chen

Compass License #01715177 Listed on: 06/24/2022

Compass

Co-Listed By

Curtis Lim

Compass License #02097551

Last Renter's Agent

Lori Orion

Golden Gate Sotheby's International Realty License #01883566

Golden Gate Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,627

Year Built

  • 1952

Lot Details

  • 0.25 Acre Lot
  • Back Yard

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Interior Spaces

  • 2,790 Sq Ft Home
  • 2-Story Property
  • Dining Area
  • Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $12,500
  • Property Available on 6/24/22
  • Rent includes gardener
  • 12-Month Min and 24-Month Max Lease Term

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,627

Year Built

1952

Lot Details

0

Parking

2

Rental Info

  • Available: 06/24/2022
  • Lease Terms: Deposit Required
  • Maximum Lease Months: 24
  • Minimum Lease Months: 12
  • Rent Includes: Gardener
  • Security Deposit: 12500

Listing Details

  • Subclass: House For Rent
  • Age: 70
  • Listing Class: Residential Lease/Rental
  • Structure Sq Ft: 2790
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1952

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Breakfast Nook, Dining Area, Eat In Kitchen
  • Kitchen: Cooktop - Gas, Dishwasher, Freezer, Island, Microwave, Oven - Gas, Pantry, Refrigerator, Wine Refrigerator
  • Living Sq Ft: 2790
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Total Bedrooms: 5

Exterior Features

  • Yard/Grounds: Back Yard

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air

Schools

  • School District: Palo Alto Unified
  • Elementary School: Palo Verde Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 320
  • Middle School: 322

Lot Info

  • Lot Acres: 0.2515
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10956.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10956.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Jul 5, 2022
Sold by
Ranjan Family Trust
Bought by
Ankash Llc
Seller's Agent
Phil Chen
Compass
Buyer's Agent
Lori Orion
Golden Gate Sotheby's International Realty
Sold Price
$12,500
Current Estimated Value
$4,410,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,397,591

Purchase Details

Closed on
Aug 18, 2014
Sold by
Ranjan Peeyush and Ranjan Mallika
Bought by
The Ranjan Family Trust and Ranjan Mallika

Purchase Details

Listed on
Apr 5, 2012
Closed on
May 2, 2012
Sold by
Urban West Llc
Bought by
Ranjan Peeyush and Ranjan Mallika
Seller's Agent
Geraldine Asmus
Coldwell Banker Realty
Buyer's Agent
Ken Deleon
Deleon Realty
List Price
$2,248,000
Sold Price
$2,255,000
Premium/Discount to List
$7,000
0.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Original Mortgage
$1,578,500
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 26, 2011
Sold by
Rustagi Pradip K and Rustagi Rashmi
Bought by
Urban West Llc

Purchase Details

Closed on
May 2, 1997
Sold by
Vrhel Joseph J
Bought by
Rustagi Pradip K and Rustagi Rashmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
7.98%

Purchase Details

Closed on
Oct 29, 1996
Sold by
Good Debrincat Rita C and Vrhel Rita C
Bought by
Vrhel Joseph J
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
Ankash Llc -- Nielsen Law Group Pc
The Ranjan Family Trust -- None Available
Ranjan Peeyush $2,255,000 First American Title Company
Urban West Llc $655,000 None Available
Rustagi Pradip K $610,000 Chicago Title Co
Vrhel Joseph J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ranjan Peeyush $1,250,000
Previous Owner Ranjan Family Trust $1,265,000
Previous Owner Ranjan Peeyush $1,300,000
Previous Owner Ranjan Peeyush $1,578,500
Previous Owner Rustagi Pradip K $757,500
Previous Owner Rustagi Pradip K $500,000
Previous Owner Rustagi Pradip K $1,070,000
Previous Owner Rustagi Pradif K $1,070,000
Previous Owner Rustagi Pradip K $1,072,500
Previous Owner Rustagi Pradip K $900,000
Previous Owner Rustagi Pradip K $700,000
Previous Owner Rustagi Pradip K $488,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2022 07/26/22 Rented $12,500 0.0% --
07/04/2022 07/04/22 Under Contract -- -- --
06/24/2022 06/24/22 For Rent $12,500 0.0% --
05/16/2012 05/16/12 Sold $2,255,000 +0.3% $808 / Sq Ft
04/18/2012 04/18/12 Pending -- -- --
04/05/2012 04/05/12 For Sale $2,248,000 -- $806 / 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 $33,627 $2,832,396 $1,982,680 $849,716
2024 $33,627 $2,776,859 $1,943,804 $833,055
2023 $32,669 $4,225,000 $3,460,000 $765,000
2022 $32,669 $2,669,032 $1,868,325 $800,707
2021 $32,024 $2,616,699 $1,831,692 $785,007
2020 $31,361 $2,589,869 $1,812,911 $776,958
2019 $31,014 $2,539,088 $1,777,364 $761,724
2018 $30,159 $2,489,303 $1,742,514 $746,789
2017 $29,629 $2,440,495 $1,708,348 $732,147
2016 $28,852 $2,392,643 $1,674,851 $717,792
2015 $28,571 $2,356,705 $1,649,694 $707,011
2014 $28,004 $2,310,541 $1,617,379 $693,162
Source: Public Records

Agents Affiliated with this Home

  • P

    Landlord's Agent in 2022

    Phil Chen

    Compass

    Section Image

  • C

    Landlord's Co-Listing Agent in 2022

    Curtis Lim

    Compass

    Section Image
  • Lori Orion

    Tenant's Agent in 2022

    Lori Orion

    Golden Gate Sotheby's International Realty

    (650) 539-5674

    62 Total Sales

    Lori Orion
    Section Image

  • G

    Seller's Agent in 2012

    Geraldine Asmus

    Coldwell Banker Realty

    Section Image
  • Ken Deleon

    Buyer's Agent in 2012

    Ken Deleon

    Deleon Realty

    (650) 380-1420

    3 Total Sales

    Ken Deleon
    Section Image
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Map

Source: MLSListings

MLS Number: ML81897927

MLSListings

APN: 127-22-031

California Santa Clara County Palo Alto 94303 Palo Verde

3366 Vernon Terrace, Palo Alto, CA

This home is located at 3366 Vernon Terrace, Palo Alto, CA 94303 since 24 June 2022 and is currently priced at $4,410,091. This property was built in 1952. 3366 Vernon Terrace is a home located in Santa Clara County with nearby schools including Palo Verde Elementary School, Jane Lathrop Stanford Middle School, and Henry M. Gunn High School.

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