NOT LISTED FOR SALE

340 El Verano Ave Palo Alto, CA 94306

South of Midtown Neighborhood

Estimated Value: $2,921,000 - $3,079,000

3 Beds
1 Bath
1,137 Sq Ft
$2,618/Sq Ft Est. Value

Last Sold December 27, 2012

Last sale price $1,200,000 $1,055 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $17,155/month

2 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Level Lot
  • El Carmelo Elementary School Rated A+
  • Combination Dining and Living Room
  • Wood Burning Fireplace

About This Home

As of December 2012

Wonderful Midtown Palo Alto location. The house is 3BR/1BA on a large corner lot with fenced-in yard. Amazing potential for this location. Excellent Palo Alto schools (buyer to verify enrollment).

Last Agent to Sell the Property

Ota Likar

Intero Real Estate Services License #01773786 Listed on: 11/24/2012

Last Buyer's Agent

Charmaine Wang

Intero Real Estate Services License #01807288

Intero Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,946

Year Built

  • Built in 1949

Lot Details

  • Level Lot
  • Sprinklers on Timer
  • Zoning described as R1

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shake Roof
  • Wood Shingle Roof

Interior Spaces

  • 1,137 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring
  • Oven or Range
  • Laundry in Garage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 132-22-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,946

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Sale Price Per Sq Ft: 1055.41
  • Listing Class: Residential
  • Structure Sq Ft: 1137
  • Barclay Horizontal: 12
  • Barclays Page: 12
  • Incorporated: Yes
  • Map Book Page: 811
  • Map Book Page Secondary: 12
  • Map Side Coordinate: 1
  • Map Side Coordinate Secondary: 81
  • Map Top Coordinate: D
  • Map Top Coordinate Secondary: 12
  • Thomas Bros Page: 811
  • Thomas Brothers: D1
  • Year Built: 1949
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Wood Burning, Yes
  • Dining Room: Dining Area in Living Room, No Informal Dining Room
  • Kitchen: Refrigerator, Oven Range
  • Living Sq Ft: 1137
  • Stories: 1
  • Laundry: In Garage, 220 Volt Outlet
  • Flooring: Hardwood
  • Maximum Bathrooms: 1
  • Minimum Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Pool - No
  • Roof: Wood Shakes / Shingles, Shake
  • Yard/Grounds: Sprinklers - Auto
  • Exterior: Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace, Gas
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 132-22-001
  • Lot Location: Corner
  • List Price per Sq Ft: 923.48
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6125.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6125.00
  • Lot Size Area Min Search: 6125.00
  • Maximum Lot Size: 6125.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Multi Family

  • Maximum Building Height: 1
  • Minimum Building Height: 1

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2012
Closed on
Dec 6, 2012
Sold by
Upton Michael B
Bought by
Wang Charmaine and Wang Albert
Seller's Agent
Ota Likar
Intero Real Estate Services
Buyer's Agent
Charmaine Wang
Intero Real Estate Services
List Price
$1,050,000
Sold Price
$1,200,000
Premium/Discount to List
$150,000
14.29%
Current Estimated Value
$2,976,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,776,860
Avg. Annual Appreciation
7.33%
Original Mortgage
$600,000
Outstanding Balance
$413,739
Interest Rate
3.27%
Mortgage Type
New Conventional
Estimated Equity
$2,563,121

Purchase Details

Closed on
Feb 8, 2012
Sold by
Upton Michael B
Bought by
Price Jean

Purchase Details

Closed on
Apr 10, 1997
Sold by
Price Betty J and Price Jean
Bought by
Price Jean and Price Family Trust
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
Wang Charmaine $1,200,000 Chicago Title Company
Price Jean -- None Available
Price Jean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Charmaine $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2012 12/27/12 Sold $1,200,000 +14.3% $1,055 / Sq Ft
11/26/2012 11/26/12 Pending -- -- --
11/24/2012 11/24/12 For Sale $1,050,000 -- $923 / 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 $17,946 $1,477,396 $738,606 $738,790
2024 $17,946 $1,448,428 $724,124 $724,304
2023 $17,678 $1,420,028 $709,926 $710,102
2022 $17,468 $1,392,185 $696,006 $696,179
2021 $17,122 $1,364,888 $682,359 $682,529
2020 $16,776 $1,350,894 $675,363 $675,531
2019 $16,587 $1,324,407 $662,121 $662,286
2018 $16,139 $1,298,439 $649,139 $649,300
2017 $15,854 $1,272,980 $636,411 $636,569
2016 $15,435 $1,248,021 $623,933 $624,088
2015 $15,280 $1,229,275 $614,561 $614,714
2014 $14,928 $1,205,196 $602,523 $602,673
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2012

    Ota Likar

    Intero Real Estate Services

  • C

    Buyer's Agent in 2012

    Charmaine Wang

    Intero Real Estate Services

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Map

Source: MLSListings

MLS Number: ML81241610

MLSListings

APN: 132-22-001

California Santa Clara County Palo Alto 94306 South of Midtown

340 El Verano Ave, Palo Alto, CA

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