NOT LISTED FOR SALE

359 Campesino Ave Palo Alto, CA 94306

South of Midtown Neighborhood

Estimated Value: $5,388,000 - $5,848,000

5 Beds
5.5 Baths
3,166 Sq Ft
$1,767/Sq Ft Est. Value

Last Sold March 28, 2018

Last sale price $4,500,000 $1,421 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $34,417/month

12 Days on Market

Highlights

  • Art Studio
  • Vaulted Ceiling
  • Main Floor Bedroom
  • El Carmelo Elementary School Rated A+
  • Wood Flooring
  • Marble Bathroom Countertops

About This Home

As of March 2018

This luxurious new, transitional Mediterranean home rests majestically on a broad lot of more than 7600 sf. Spacious and bright on two levels with an open floor plan and lovely architectural elements: Spanish roof tile, corbels and arches, widow muntins, exposed rafter ends and a second level walk-out balcony. The dual side-lighted entrance opens over a travertine porch into the light-filled living and dining rooms, then to the superbly equipped kitchen with Wolf appliances and the marvelous family room under a vaulted ceiling that flows from the kitchen and opens out onto a broad arch-covered porch through a spectacular folding wall of glass. Inviting private yard with fruit trees, herbs, lawns and a delightful garden studio with full bath, a truly enjoyable out-of-doors space. Close to schools, Midtown shopping and restaurants, and to Hoover and Mitchell Parks with tennis courts, Little League Baseball and the new Main Library. Great Midtown location and excellent PA schools.

Last Agent to Sell the Property

Lan Bowling

Keller Williams Palo Alto License #01248958 Listed on: 02/08/2018

Keller Williams Palo Alto

Last Buyer's Agent

Monica Corman

Compass License #01111473

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $59,885

Year Built

  • Built in 2018

Lot Details

  • Fenced
  • Sprinklers on Timer
  • Zoning described as R1

Parking

  • 1 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Clay Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,166 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Den
  • Art Studio
  • Neighborhood Views

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Marble Bathroom Countertops
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Gas Dryer Hookup

Home Security

  • Alarm System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Balcony

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Thermostat
  • Tankless Water Heater
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 132-15-067

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,885

Year Built

Built in 2018

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean
  • Listing Class: Residential
  • Structure Sq Ft: 3166
  • Construction: Completed
  • Year Built: 2018
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Burning, Living Room
  • Dining Room: Breakfast Nook, Dining Area, Dining Area in Living Room, Eat in Kitchen
  • Kitchen: Countertop - Stone, Dishwasher, Garbage Disposal, Hood Over Range, Island with Sink, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3166
  • Stories: 2
  • Security: Fire Alarm, Fire System - Sprinkler, Security Alarm
  • Bedrooms: Ground Floor Bedroom, Walk-in Closet
  • Laundry: Electricity Hookup (220V), Gas Hookup, In Utility Room, Upper Floor
  • Flooring: Hardwood, Tile
  • Additional Rooms: Artist Studio, Den / Study / Office
  • Fireplaces Min: 1
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Full on Ground Floor, Half on Ground Floor, Marble, Primary - Stall Shower(s), Showers over Tubs - 2+, Tile, Tub in Primary Bedroom
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Clay, Tile
  • View: Neighborhood
  • Yard/Grounds: Balcony / Patio, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central AC, Multi-Zone
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public, Sewer in Street

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling, Walk-in Closet

Schools

  • High School: 325

Lot Info

  • Parcel Number: 132-15-067
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7666.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7666.00

Green Features

  • Energy Features: Double Pane Windows, Tankless Water Heater, Thermostat Controller

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: El Carmelo Elementary
  • High School Text: Henry M. Gunn High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2019
Sold by
Kebebew Electron and Violante Tida
Bought by
Kebebew Electron and Violante Tida
Current Estimated Value
$5,594,248

Purchase Details

Listed on
Feb 8, 2018
Closed on
Mar 7, 2018
Sold by
Cheh Jerry Chieh and Zhang Weina
Bought by
Kebebew Electron and Violante Tida
Seller's Agent
Lan Bowling
Keller Williams Palo Alto
Buyer's Agent
Monica Corman
Compass
List Price
$4,598,000
Sold Price
$4,500,000
Premium/Discount to List
-$98,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.91%
Original Mortgage
$2,400,000
Outstanding Balance
$2,056,608
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$3,537,640

Purchase Details

Closed on
Jun 7, 2016
Sold by
Zhang Weina
Bought by
Chen Jerry and Zhang Weina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 24, 2014
Closed on
Oct 14, 2014
Sold by
Wucher Thomas B
Bought by
Zhang Weina
Seller's Agent
Pat Kalish
Compass
Buyer's Agent
Lan Bowling
Keller Williams Palo Alto
List Price
$1,895,000
Sold Price
$2,380,000
Premium/Discount to List
$485,000
25.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%

Purchase Details

Closed on
Oct 20, 2008
Sold by
Wucher Donald H
Bought by
Wucher Donald H and Wucher Family Trust A & B
Source: Public Records

Range of Values:

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Average Value
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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
Kebebew Electron -- None Available
Kebebew Electron $4,500,000 Old Republic Title Co
Chen Jerry -- Chicago Title Company
Zhang Weina $2,379,750 Chicago Title Company
Zhang Weina -- Chicago Title Company
Wucher Donald H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kebebew Electron $2,400,000
Previous Owner Chen Jerry $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2018 03/28/18 Sold $4,500,000 -2.1% $1,421 / Sq Ft
02/21/2018 02/21/18 Pending -- -- --
02/08/2018 02/08/18 For Sale $4,598,000 +93.2% $1,452 / Sq Ft
10/17/2014 10/17/14 Sold $2,380,000 +25.6% $1,511 / Sq Ft View Prior Sale
10/10/2014 10/10/14 Pending -- -- --
09/24/2014 09/24/14 For Sale $1,895,000 -- $1,203 / 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 $59,885 $5,120,228 $2,901,463 $2,218,765
2024 $59,885 $5,019,832 $2,844,572 $2,175,260
2023 $59,008 $4,921,405 $2,788,797 $2,132,608
2022 $58,334 $4,824,908 $2,734,115 $2,090,793
2021 $57,185 $4,730,303 $2,680,505 $2,049,798
2020 $55,986 $4,681,800 $2,653,020 $2,028,780
2019 $55,373 $4,590,000 $2,601,000 $1,989,000
2018 $51,651 $4,307,912 $2,513,912 $1,794,000
2017 $31,699 $2,613,320 $2,464,620 $148,700
2016 $29,211 $2,416,295 $2,314,770 $101,525
2015 $28,928 $2,380,000 $2,280,000 $100,000
2014 $1,110 $91,179 $34,468 $56,711
Source: Public Records

Agents Affiliated with this Home

  • Lan Bowling

    Seller's Agent in 2018

    Lan Bowling

    Keller Williams Palo Alto

    (650) 520-3407

    1 in this area

    97 Total Sales

    Lan Bowling
    Section Image

  • M

    Buyer's Agent in 2018

    Monica Corman

    Compass

    Section Image
  • Pat Kalish

    Seller's Agent in 2014

    Pat Kalish

    Compass

    (650) 823-4624

    11 Total Sales

    Pat Kalish
    Section Image
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Map

Source: MLSListings

MLS Number: ML81691722

MLSListings

APN: 132-15-067

California Santa Clara County Palo Alto 94306 South of Midtown

359 Campesino Ave, Palo Alto, CA

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