NOT LISTED FOR SALE

Estimated Value: $3,539,000 - $5,070,000

3 Beds
3.5 Baths
2,426 Sq Ft
$1,879/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $4,700,000 $1,937 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $28,401/month

1 Day on Market

Highlights

  • Primary Bedroom Suite
  • Craftsman Architecture
  • Wood Flooring
  • Addison Elementary School Rated A+
  • Deck
  • 2-minute walk to Scott Park

About This Home

As of October 2024

Parkside Corner Home Just Blocks from University Avenue | Detached Single-Family Residence with Studio Overlooking the tranquil Heritage Park, this exceptional corner residence by SummerHill Homes seamlessly combines the peacefulness of park-side living with the vibrant energy of Downtown Palo Alto. The homes interiors, enhanced by soaring ceilings, offer serene greenbelt views and an effortless indoor-outdoor flow, creating a breezy atmosphere perfect for modern living. Open living and dining areas flow through a bank of French doors into a charming patio. Spacious and sunny, the kitchen enjoys gorgeous granite countertops and high-end appliances. Upstairs, two well-appointed bedroom suites provide comfort and privacy. A detached studio above the garage with its own bath and full kitchen offers additional versatility, perfect for guests or extended family. The two-car garage includes a drive-through portal leading to an additional parking pad, providing ample parking options. This unbeatable location is just a short stroll from downtown amenities, including Caltrain, Whole Foods, fine dining, and more. Its also exceptionally convenient to Stanford University, Stanford Shopping Center, Town & Country Village, top-rated Palo Alto schools, and major tech hubs.

Last Agent to Sell the Property

Xin Jiang

Compass License #01961451 Listed on: 09/19/2024

Compass

Last Buyer's Agent

Steve Pierce

Zane MacGregor License #00871571

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 4,356 Sq Ft Lot
  • Gated Home
  • Level Lot
  • Sprinklers on Timer
  • Zoning described as PC

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Electric Vehicle Home Charger
  • Garage Door Opener

Property Views

  • Park or Greenbelt
  • Neighborhood

Home Design

  • Craftsman Architecture
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Floor Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,426 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Skylights
  • Double Pane Windows
  • Separate Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Fire Sprinkler System

Kitchen

  • Built-In Oven
  • Gas Oven
  • Microwave

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Washer and Dryer

Outdoor Features

  • Balcony
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Energy-Efficient Insulation
  • 412 SF Accessory Dwelling Unit

Community Details

  • Association fees include maintenance - common area
  • Homworks Association

Listing and Financial Details

  • Assessor Parcel Number 120-17-108

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Craftsman
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 412
  • Structure Sq Ft: 2426
  • Incorporated: Yes
  • Year Built: 2005
  • Zoning Description: PC
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room
  • Dining Room: Formal Dining Room
  • Kitchen: Microwave, Oven - Built-In, Oven - Gas, Oven Range - Built-In, Gas, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2426
  • Stories: 2
  • Security: Fire System - Sprinkler
  • Bedrooms: Primary Suite / Retreat, Walk-in Closet
  • Laundry: Washer / Dryer, Upper Floor, Inside
  • Flooring: Carpet, Hardwood
  • Fireplaces Min: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Half on Ground Floor, Oversized Tub, Primary - Tub with Jets, Shower and Tub, Stall Shower, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Pillars / Posts / Piers, Wood Frame, Concrete Perimeter, Concrete Slab
  • Roof: Composition
  • View: Park, Neighborhood
  • Yard/Grounds: Fenced, Balcony / Patio, Porch - Enclosed, Sprinklers - Auto, Deck
  • Fencing: Gate, Fenced
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 1
  • Garage Parking Features: Detached Garage, Drive Through, Electric Car Hookup, Gate / Door Opener
  • Electric Vehicle Hookup Type: Electric Vehicle Hookup Level 2 (240 volts)

Utilities

  • Cooling System: Central AC, Multi-Zone
  • Heating System: Forced Air, Gas, Individual Room Controls, Fireplace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 500
  • HOA Fee Frequency: Annually
  • Association Fees Include: Maintenance - Common Area
  • H O A Name Text: Homworks
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Open Beam Ceiling, Walk-in Closet, High Ceiling, Skylight

Schools

  • High School: 327

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 120-17-108
  • Lot Acres: 0.1000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4356.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4356.00

Green Features

  • Energy Features: Walls Insulated, Ceiling Insulation, Double Pane Windows, Insulation - Floor

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: garage

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Addison Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Frank S. Greene Middle

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Oct 21, 2024
Sold by
Ohtsuki Revocable Trust and Ohtsuki Hiroshi
Bought by
Goodrich-Patton Livingtrust and Goodrich-Patton Goodrich
Seller's Agent
Xin Jiang
Compass
Buyer's Agent
Steve Pierce
Zane MacGregor
List Price
$4,489,000
Sold Price
$4,700,000
Premium/Discount to List
$211,000
4.7%
Views
40
Current Estimated Value
$4,557,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$142,244
Avg. Annual Appreciation
-2.57%

Purchase Details

Closed on
Dec 12, 2022
Sold by
Ohtsuki Hiroshi and Ohtsuki Hiroko
Bought by
Ohtsuki Revocable Trust and Ohtsuki

Purchase Details

Listed on
Jun 16, 2022
Closed on
Jul 19, 2022
Sold by
Compton and Gayla
Bought by
Ohtsuki Hiroshi and Ohtsuki Hiroko
Seller's Agent
Vic Spicer
Keller Williams Palo Alto
Buyer's Agent
Terrie Masuda
Coldwell Banker Realty
List Price
$4,695,000
Sold Price
$4,450,000
Premium/Discount to List
-$245,000
-5.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.70%

Purchase Details

Closed on
Mar 15, 2011
Sold by
Valenti Douglas and Valenti Terri L
Bought by
Compton Kevin and Compton Gayla

Purchase Details

Closed on
Aug 22, 2005
Sold by
Summerhill Channing Llc
Bought by
351 Channing Avenue Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Goodrich-Patton Livingtrust $4,700,000 Chicago Title Company
Ohtsuki Revocable Trust -- None Listed On Document
Ohtsuki Hiroshi $4,450,000 Chicago Title
Compton Kevin $2,694,750 Chicago Title Company
351 Channing Avenue Llc $2,225,000 First American Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2024 10/31/24 Sold $4,700,000 +4.7% $1,937 / Sq Ft
09/21/2024 09/21/24 Pending -- -- --
09/19/2024 09/19/24 For Sale $4,489,000 +0.9% $1,850 / Sq Ft
07/27/2022 07/27/22 Sold $4,450,000 -5.2% $1,852 / Sq Ft View Prior Sale
07/07/2022 07/07/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $4,695,000 -- $1,954 / 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 $54,320 $4,700,000 $4,000,000 $700,000
2024 $54,320 $4,539,000 $3,672,000 $867,000
2023 $53,526 $4,450,000 $3,600,000 $850,000
2022 $39,711 $3,253,621 $2,046,341 $1,207,280
2021 $38,930 $3,189,825 $2,006,217 $1,183,608
2020 $38,120 $3,157,118 $1,985,646 $1,171,472
2019 $37,702 $3,095,214 $1,946,712 $1,148,502
2018 $36,660 $3,034,525 $1,908,542 $1,125,983
2017 $36,018 $2,975,025 $1,871,120 $1,103,905
2016 $35,077 $2,916,692 $1,834,432 $1,082,260
2015 $34,739 $2,872,882 $1,806,878 $1,066,004
2014 $34,074 $2,816,607 $1,771,484 $1,045,123
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81980883

MLSListings

APN: 120-17-108