3517 Ramona St Palo Alto, CA 94306
South of Midtown Neighborhood
5
Beds
4.5
Baths
2,650
Sq Ft
7,000
Sq Ft Lot
Highlights
- New Construction
- Solar Power System
- Deck
- Fairmeadow Elementary School Rated A+
- Two Primary Bedrooms
- Contemporary Architecture
About This Home
As of April 2025Huge 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.
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
- <<tubWithShowerToken>>
- 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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$261,393
Avg. Annual Appreciation
-22.18%
Original Mortgage
$2,999,990
Outstanding Balance
$2,996,706
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$1,841,623
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
Similar Homes in Palo Alto, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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 |
|---|---|---|---|---|
| 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
-
Ashish Agrawal
Seller's Agent in 2025
Ashish Agrawal
ARAA REALTY
(213) 249-0672
2 in this area
31 Total Sales
-
Wen Guo RE Group
Buyer's Agent in 2025
Wen Guo RE Group
KW Advisors
(650) 817-5000
5 in this area
322 Total Sales
-
Jennifer Zhang
Buyer Co-Listing Agent in 2025
Jennifer Zhang
KW Advisors
(650) 867-1128
1 in this area
42 Total Sales
-
Lan Bowling
Seller's Agent in 2024
Lan Bowling
Keller Williams Palo Alto
(650) 520-3407
3 in this area
102 Total Sales
Map
Source: MLSListings
MLS Number: ML81995515
APN: 132-22-099
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.
Nearby Homes
- 3503 Alma Village Cir
- 3325 Saint Michael Dr
- 342 Carolina Ln
- 265 Wilton Ave
- 3875 El Camino Real Unit 2
- 580 Vista Ave
- 654 Loma Verde Ave
- 3865 Mumford Place
- 4173 El Camino Real Unit 13
- 522 Thain Way
- 3585 El Camino Real
- 250 Fernando Ave
- 590 Military Way
- 774 Christine Dr
- 3901 Middlefield Rd Unit G
- 773 Loma Verde Ave Unit A
- 729 La Para Ave
- 3073 Middlefield Rd Unit 203
- 560 Arastradero Rd
- 883 Rorke Way