$5,100,000
SOLD APR 18, 2025
5 Beds
4.5 Baths
2,650 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$1,925 Per Sq Ft

6% Below List Price

20 Days on Market

Highlights

  • New Construction
  • Solar Power System
  • Deck
  • Fairmeadow Elementary School Rated A+
  • Two Primary Bedrooms
  • Contemporary Architecture

About This Home

As of April 2025

Huge price drop!!! Best opportunity to buy a newly built home in one of the best locations in Palo Alto before the interest rates go down and bring the housing market up again. Welcome to this stunning brand-new construction, 5-bedroom, 4.5-bathroom Palo Alto home! Set on a 7,000 sq ft lot, this 2,650 sq ft residence plus 200 sqft of garage offers ample living space, modern amenities, and sustainable features. The chef-inspired kitchen, formal dining room, and family room create a perfect blend of luxury and comfort. The beautifully landscaped yard boasts mature fruit trees, providing a tranquil oasis perfect for relaxation. With top-rated schools and eco-friendly features like solar power and electric vehicle hookup, this newly built home is a rare find in one of the Bay Area's most desirable cities. Don't miss this opportunity to own a piece of paradise in Palo Alto! Fifth bedroom has been converted into Den upstairs to give more open space/family room. The house comes with a 560 sq ft attached ADU approved plans.

Last Agent to Sell the Property

Ashish Agrawal

ARAA REALTY License #02040560 Listed on: 02/26/2025

Last Buyer's Agent

Wen Guo RE Group

KW Advisors License #70010161

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,681

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 7,000 Sq Ft Lot
  • Fenced
  • Sprinklers on Timer
  • Back Yard
  • Zoning described as R1

Parking

  • 1 Car Garage
  • 1 Carport Space
  • Electric Vehicle Home Charger
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Home is estimated to be completed on 3/2/25
  • Contemporary Architecture
  • Modern Architecture
  • Ceiling Insulation
  • Metal Roof
  • Stucco

Interior Spaces

  • 2,650 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • 1 Fireplace
  • Double Pane Windows
  • Bay Window
  • Formal Dining Room
  • Den
  • Vinyl Flooring
  • Neighborhood Views
  • Crawl Space

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Electric Oven
  • Range Hood
  • Microwave
  • ENERGY STAR Qualified Appliances
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Double Master Bedroom
  • Bathroom on Main Level
  • Dual Sinks
  • Dual Flush Toilets
  • Bathtub with Shower
  • Bathtub Includes Tile Surround

Laundry

  • Laundry in unit
  • Electric Dryer Hookup

Home Security

  • Security Lights
  • Fire and Smoke Detector
  • Fire Sprinkler System

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Insulation
  • Solar Power System

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Central Air
  • Thermostat
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 132-22-099

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,681

Year Built

Built in 2025 | New Construction

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Contemporary, Modern / High Tech
  • Property Condition: Built / Remodeled Green
  • Estimated Completion Date: 03/02/2025
  • Listing Class: Residential
  • Structure Sq Ft: 2650
  • Construction: Completed, New Construction
  • Incorporated: Yes
  • Year Built: 2025
  • Zoning Description: R1
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area, Eat in Kitchen, Formal Dining Room
  • Kitchen: Hood Over Range, Island, Microwave, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2650
  • Stories: 2
  • Security: Fire Alarm, Fire System - Sprinkler, Security Lights
  • Bedrooms: Ground Floor Bedroom, More than One Primary Bedroom
  • Laundry: Electricity Hookup (220V), Inside
  • Flooring: Vinyl / Linoleum
  • Additional Rooms: Den / Study / Office
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Dual Flush Toilet, Full on Ground Floor, Shower and Tub, Tile

Exterior Features

  • Foundation: Crawl Space
  • Roof: Metal
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Fenced, Sprinklers - Auto
  • Fencing: Fenced
  • Construction Type: Metal, Stucco

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage, Carport, Gate / Door Opener, On Street
  • Carport Min: 1
  • Electric Vehicle Hookup Type: Electric Vehicle Hookup Level 2 (240 volts)

Utilities

  • Cooling System: Central AC
  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Bay Window, High Ceiling

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Description: Regular
  • Parcel Number: 132-22-099
  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Energy Star Appliances, Energy Star HVAC, Solar Power, Thermostat Controller, Walls Insulated

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities, Solar Panels - Owned

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2025
Closed on
Mar 25, 2025
Sold by
Agrawal Ventures Llc
Bought by
Guo And Wang Family Trust and Guo
Seller's Agent
Ashish Agrawal
ARAA REALTY
Buyer's Agent
Wen Guo RE Group
KW Advisors
List Price
$5,450,000
Sold Price
$5,100,000
Premium/Discount to List
-$350,000
-6.42%
Views
81
Current Estimated Value
$4,924,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$175,930
Avg. Annual Appreciation
-9.29%
Original Mortgage
$2,999,990
Outstanding Balance
$2,986,765
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$1,937,305

Purchase Details

Listed on
May 17, 2024
Closed on
Jul 5, 2024
Sold by
Kome Llc
Bought by
Agrawal Ventures Llc
Seller's Agent
Lan Bowling
Keller Williams Palo Alto
Buyer's Agent
Ashish Agrawal
ARAA REALTY
List Price
$3,250,000
Sold Price
$3,210,000
Premium/Discount to List
-$40,000
-1.23%
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
93.75%
Original Mortgage
$2,998,550
Interest Rate
6.87%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 14, 2020
Sold by
Ferrero William Francis
Bought by
Adams

Purchase Details

Closed on
Oct 7, 2020
Sold by
Adams Jerald M and The Survivors Trust Of The Fer
Bought by
Kome Llc

Purchase Details

Closed on
May 18, 2004
Sold by
Ferrero William F
Bought by
Ferrero William F
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $5,100,000 Chicago Title
Grant Deed $3,210,000 Chicago Title Company
Deed -- --
Warranty Deed $2,300,000 First American Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,999,990 New Conventional
Previous Owner $400,000 Construction
Previous Owner $3,300,000 Construction
Previous Owner $2,998,550 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 Sold $5,100,000 +3.6% $1,925 / Sq Ft
03/19/2025 03/19/25 Pending -- -- --
03/14/2025 03/14/25 Price Changed $4,925,000 -9.6% $1,858 / Sq Ft
02/26/2025 02/26/25 For Sale $5,450,000 +69.8% $2,057 / Sq Ft
08/06/2024 08/06/24 Sold $3,210,000 -1.2% $2,823 / Sq Ft
07/04/2024 07/04/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $3,250,000 -- $2,858 / 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 $29,681 $3,420,000 $3,100,000 $320,000
2024 $29,681 $2,440,778 $2,430,166 $10,612
2023 $29,681 $2,392,920 $2,382,516 $10,404
2022 $28,906 $2,346,000 $2,335,800 $10,200
2021 $28,337 $2,300,000 $2,290,000 $10,000
2020 $1,855 $83,385 $37,571 $45,814
2019 $1,828 $81,751 $36,835 $44,916
2018 $1,797 $80,149 $36,113 $44,036
2017 $1,762 $78,578 $35,405 $43,173
2016 $1,709 $77,038 $34,711 $42,327
2015 $1,683 $75,882 $34,190 $41,692
2014 $1,550 $74,397 $33,521 $40,876
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81995515

MLSListings

APN: 132-22-099