NOT LISTED FOR SALE

3868 Magnolia Dr Palo Alto, CA 94306

Barron Park Neighborhood

Estimated Value: $2,754,000 - $3,503,000

3 Beds
4 Baths
1,998 Sq Ft
$1,611/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $2,725,000 $1,364 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $20,303/month

13 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Skylights
  • Barron Park Elementary School Rated A+
  • Quartz Countertops
  • Bathtub with Shower

About This Home

As of August 2022

Open Sat July 16, 1:30 to 4:30. Google Maps often takes to incorrect location. From El Camino Real turn on to Military Way and left on Magnolia. Please park in street and walk up long driveway. Enter through gate to a picturesque oasis, tucked away in a quiet, serene setting. Filled with old world charm, the property sits under magnificent Oak and Pepper trees. Located on the approximately 7200 sq ft lot is: a bright main house with 2 bedrooms and 2 bathrooms and hardwood floors; a light-filled cottage with 1 bedroom and 1 bathroom and hardwood floors; and a studio/ADU with a full bath and kitchenette and hardwood floors. So many options to enjoy this property: all for your own; have space for extended family/friends; live there with supplemental income; or an investment property with three separate rentals. Close by are restaurants, coffee shops, shopping, parks, running/walking trails. Close to Stanford and tech companies. Excellent Palo Alto schools.

Last Agent to Sell the Property

Jane Volpe

Midtown Realty License #01330133 Listed on: 07/07/2022

Last Buyer's Agent

Shelia Kay

KW Silicon City License #01064598

KW Silicon City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,577

Year Built

  • 1938

Lot Details

  • 7,244 Sq Ft Lot
  • Wood Fence
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Composition Roof
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,998 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Wood Burning Fireplace
  • Combination Dining and Living Room

Kitchen

  • Gas Oven
  • Range Hood
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 4 Full Bathrooms
  • Bathtub with Shower
  • Bathtub Includes Tile Surround

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • 4 Parking Spaces
  • No Garage
  • Covered Parking

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Additional Features

  • Deck
  • 800 SF Accessory Dwelling Unit

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,577

Year Built

1938

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Age: 84
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 800
  • Structure Sq Ft: 1998
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1938

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Dining Area In Living Room
  • Kitchen: Countertop - Quartz, Exhaust Fan, Hood Over Range, Oven Range, Oven Range - Gas, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1998
  • Stories: 1
  • Bedrooms: More Than One Bedroom On Ground Floor
  • Laundry: Inside, Washer / Dryer
  • Flooring: Hardwood, Tile
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Bathroom: Full On Ground Floor, Shower Over Tub - 1, Showers Over Tubs - 2+, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Metal
  • Yard/Grounds: Deck, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced, Wood

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, No Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Skylight

Schools

  • School District: Palo Alto Unified
  • High School: Henry M. Gunn High
  • High School: 325

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1663
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7242.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7242.00

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: Cottage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 8, 2022
Sold by
Maja Popovic
Bought by
Cooper Geoffrey Howard and Cooper Marianne Dresselhaus
Seller's Agent
Jane Volpe
Midtown Realty
Buyer's Agent
Shelia Kay
KW Silicon City
List Price
$2,695,000
Sold Price
$2,725,000
Premium/Discount to List
$30,000
1.11%
Current Estimated Value
$3,218,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$493,870
Avg. Annual Appreciation
5.59%
Original Mortgage
$2,000,000
Outstanding Balance
$1,889,975
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$1,328,895

Purchase Details

Closed on
Nov 29, 2021
Sold by
Popovic Maja and Rajan Kanna
Bought by
Popovic Maja and Rajan Kanna

Purchase Details

Closed on
Nov 13, 2009
Sold by
Ofarrell Paul B and Whelan Gillian M
Bought by
Rajan Kanna and Popovic Maja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2004
Sold by
Gurwith Marc J and Gurwith Dorothy
Bought by
Ofarrell Paul B and Whelan Gillian M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$718,400
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 1998
Sold by
David Flynn and David Pamela J
Bought by
Gurwith Marc J and Gurwith Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
May 9, 1995
Sold by
Spratt Stephen L and Spratt Linda Oriana
Bought by
Flynn David and Flynn Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
7.75%
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
Cooper Geoffrey Howard $2,725,000 Old Republic Title
Popovic Maja -- None Available
Rajan Kanna -- Chicago Title Company
Ofarrell Paul B -- First American Title Company
Gurwith Marc J -- Chicago Title Co
Flynn David -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooper Geoffrey Howard $2,000,000
Previous Owner Rajan Kanna $417,000
Previous Owner Rajan Kanna $417,000
Previous Owner Ofarrell Paul B $200,000
Previous Owner Ofarrell Paul B $718,400
Previous Owner Ofarrell Paul B $718,400
Previous Owner Gurwith Marc J $468,000
Previous Owner Gurwith Marc J $480,000
Previous Owner Flynn David $352,000
Closed Ofarrell Paul B $134,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $2,725,000 +1.1% $1,364 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $2,695,000 -- $1,349 / 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 $33,577 $2,835,090 $2,601,000 $234,090
2024 $33,577 $2,779,500 $2,550,000 $229,500
2023 $33,082 $2,725,000 $2,500,000 $225,000
2022 $18,572 $1,477,884 $1,101,057 $376,827
2021 $18,205 $1,448,907 $1,079,468 $369,439
2020 $17,837 $1,434,051 $1,068,400 $365,651
2019 $17,638 $1,405,933 $1,047,451 $358,482
2018 $17,163 $1,378,366 $1,026,913 $351,453
2017 $16,861 $1,351,340 $1,006,778 $344,562
2016 $16,417 $1,324,844 $987,038 $337,806
2015 $16,255 $1,304,944 $972,212 $332,732
2014 $15,888 $1,279,383 $953,168 $326,215
Source: Public Records

Agents Affiliated with this Home

  • Jane Volpe

    Seller's Agent in 2022

    Jane Volpe

    Midtown Realty

    (650) 380-4507

    3 in this area

    21 Total Sales

    Jane Volpe
    Section Image

  • S

    Buyer's Agent in 2022

    Shelia Kay

    KW Silicon City

    Section Image
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Map

Source: MLSListings

MLS Number: ML81899268

MLSListings

APN: 137-12-044

California Santa Clara County Palo Alto 94306 Barron Park

3868 Magnolia Dr, Palo Alto, CA

This home is located at 3868 Magnolia Dr, Palo Alto, CA 94306 since 07 July 2022 and is currently estimated at $3,218,870, approximately $1,611 per square foot. This property was built in 1938. 3868 Magnolia Dr is a home located in Santa Clara County with nearby schools including Barron Park Elementary School, Ellen Fletcher Middle, and Henry M. Gunn High School.

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