NOT LISTED FOR SALE

Estimated Value: $4,255,800 - $5,624,000

4 Beds
2.5 Baths
2,361 Sq Ft
$2,062/Sq Ft Est. Value

Last Sold October 22, 2013

Last sale price $2,500,000 $1,059 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $29,553/month

7 Days on Market

Highlights

  • Primary Bedroom Suite
  • Living Room with Fireplace
  • Hydromassage or Jetted Bathtub
  • Fairmeadow Elementary School Rated A+
  • Wood Flooring
  • High Ceiling

About This Home

As of October 2013

Spectacular green point rated new construction on a quiet street in desirable south Palo Alto near top schools & Mitchell Park. Exceptionally designed & light filled single level floor plan w/soaring ceilings. Tremendous chef's kitchen w/large center island opens to casual breakfast area & expansive family room. Extensive use of granite,marble,detailed crown moldings & hardwood floors throughout.

Last Agent to Sell the Property

Jenny Teng

Compass License #01023687 Listed on: 09/18/2013

Compass

Last Buyer's Agent

Cecily Zhang

Compass License #01701665

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,301

Year Built

  • Built in 2013

Lot Details

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

Parking

  • 1 Car Garage
  • Garage Door Opener

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,361 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Skylights
  • Gas Log Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Fire Sprinkler System
  • Gas Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Dual Flush Toilets
  • Low Flow Toliet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Walk-in Shower

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 132-29-040

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,301

Year Built

Built in 2013

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Sale Price Per Sq Ft: 1058.87
  • Level Street Main: Bedroom(s)
  • Listing Class: Residential
  • Structure Sq Ft: 2361
  • Incorporated: Yes
  • Map Book Page: 811
  • Map Side Coordinate: 1
  • Map Top Coordinate: D
  • Thomas Bros Page: 811
  • Thomas Brothers: D1
  • Year Built: 2013
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Living Room, Gas Log, Yes
  • Dining Room: Dining Area in Living Room, Breakfast Nook, Breakfast Bar
  • Kitchen: Pantry, Dishwasher, Cooktop, Garbage Disposal, Refrigerator, Microwave, Oven - Built-In, Hookups - Gas
  • Living Sq Ft: 2361
  • Stories: 1
  • Security: Security Alarm - Owned, Fire System - Sprinkler
  • Bedrooms: Primary Suite / Retreat, Ground Floor Bedroom
  • Laundry: In Laundry Room, Gas Hookup, 220 Volt Outlet
  • Flooring: Tile, Hardwood
  • Maximum Bathrooms: 3
  • Maximum Numberof Bedrooms: 4
  • Minimum Bathrooms: 3
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Shower over Tub - 1, Tubs - 1, Stall Shower, Tub in Primary Bedroom, Tub with Jets, Dual Flush Toilet

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Shingle, Composition
  • Yard/Grounds: Patio(s), Sprinkler(s) - Front, Sprinkler(s) - Rear, Sprinklers - Auto, Fenced
  • Exterior: Stucco

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage, Gate / Door Opener

Utilities

  • Cooling System: Central AC
  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Double Pane Windows(s), High Ceiling

Schools

  • School District: Palo Alto Unified
  • Elementary School: Fairmeadow Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 314
  • Middle School: 322

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 132-29-040
  • List Price per Sq Ft: 1015.67
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6175.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6175.00
  • Lot Size Area Min Search: 6175.00
  • Maximum Lot Size: 6175.00
  • Map Book: Thomas Bros

Green Features

  • Energy Features: Low Flow Toilet, Double Pane Windows, Skylight, Skylight Tube(s)

Multi Family

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

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Fairmeadow 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
Feb 13, 2014
Sold by
Peng Yefei and Mao Ming
Bought by
The Peng & Mao Family Trust
Current Estimated Value
$4,868,700

Purchase Details

Listed on
Sep 18, 2013
Closed on
Oct 14, 2013
Sold by
Zhang Linhua and Zhang Suxin
Bought by
Peng Yefei and Mao Ming
Seller's Agent
Jenny Teng
Compass
Buyer's Agent
Cecily Zhang
Compass
List Price
$2,398,000
Sold Price
$2,500,000
Premium/Discount to List
$102,000
4.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%
Original Mortgage
$1,875,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 1, 2011
Sold by
Fujitani Marjorie Akiko
Bought by
Zhang Linhua and Zhang Suxin

Purchase Details

Closed on
Jun 26, 2001
Sold by
Fujitani Marjorie Akiko and Fujitani Majorie A
Bought by
Fujitani Marjorie Akiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.14%
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
The Peng & Mao Family Trust -- None Available
Peng Yefei $2,499,750 Chicago Title Company
Zhang Linhua $905,000 First American Title Company
Fujitani Marjorie Akiko -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peng Yefei $1,637,000
Closed Peng Yeifeng $1,828,000
Closed Peng Yefei $1,862,400
Closed Peng Yefei $1,875,000
Previous Owner Fujitani Marjorie Akiko $170,000
Previous Owner Fujitani Marjorie Akiko $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2013 10/22/13 Sold $2,500,000 +4.3% $1,059 / Sq Ft
09/25/2013 09/25/13 Pending -- -- --
09/18/2013 09/18/13 For Sale $2,398,000 -- $1,016 / 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 $36,301 $3,064,647 $1,887,825 $1,176,822
2024 $36,301 $3,004,557 $1,850,809 $1,153,748
2023 $35,769 $2,945,645 $1,814,519 $1,131,126
2022 $35,274 $2,887,889 $1,778,941 $1,108,948
2021 $34,578 $2,831,264 $1,744,060 $1,087,204
2020 $33,861 $2,802,234 $1,726,177 $1,076,057
2019 $33,487 $2,747,289 $1,692,331 $1,054,958
2018 $32,562 $2,693,422 $1,659,149 $1,034,273
2017 $31,990 $2,640,611 $1,626,617 $1,013,994
2016 $31,152 $2,588,835 $1,594,723 $994,112
2015 $30,850 $2,549,949 $1,570,769 $979,180
2014 $30,246 $2,500,000 $1,540,000 $960,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81334531

MLSListings

APN: 132-29-040