NOT LISTED FOR SALE

3887 Middlefield Rd Palo Alto, CA 94303

Adobe Meadow-Meadow Park Neighborhood
6 Beds
6 Baths
3,676 Sq Ft
8,276 Sq Ft Lot

Last Sold March 21, 2015

Last sale price $2,750,000 $748 Per Sq Ft

17 Days on Market

Highlights

  • Vaulted Ceiling
  • Tile Flooring
  • Washer and Dryer
  • Fairmeadow Elementary School Rated A+
  • Forced Air Heating System
  • 3-minute walk to Mitchell Park

About This Home

As of March 2015

Spacious 2-story duplex on 8,276 sq ft lot in Palo Alto's Midtown neighborhood. Ideal for owner/occupant or investor. Both units are like individual townhomes: consisting of 1,838 sq ft each, with 3 bedrooms 2.5 bathrooms per unit. The units have open floor plans and cathedral ceilings. Two car garage for each unit. This property is a tremendous value with plenty of upside. Top Palo Alto Schools.

Last Agent to Sell the Property

Alex Wilbur DeLeon

Wilbur Properties License #01926475 Listed on: 02/06/2015

Co-Listed By

Anne & Alexandra Wilbur

Wilbur Properties License #70010049

Last Buyer's Agent

Kay Paelmo

Kay Paelmo, Broker License #01952482

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 8,276 Sq Ft Lot
  • Back Yard

Parking

  • 4 Car Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 3,676 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Home Security

  • Security Lights
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $74,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,980
  • Insurance Expense $2,000
  • Operating Expense $6,180
  • Gross Income $74,600

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Parking

4

Listing Details

  • Zoning: RDUP
  • Subclass: Duplex
  • Age: 51
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3676
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Countertop - Other, Dishwasher, Garbage Disposal, Oven Range - Electric, Pantry, Refrigerator
  • Living Sq Ft: 3676
  • Stories: 2
  • Security: Fire Alarm, Security Lights
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Crawl Space
  • Roof: Shingle
  • Yard/Grounds: Back Yard

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Acres: 0.1900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8276.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8276.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease Agreement - Written
  • Gross Rent Multiplier: 32.17
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 1980
  • Expenses Total: 6180
  • Income Annual Gross: 74600.00
  • Income Annual Rental: 74600
  • Income Gross Scheduled: 74600
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Professional Services, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Heating, Utilities - Water

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2015 03/21/15 Sold $2,750,000 +14.6% $748 / Sq Ft
02/23/2015 02/23/15 Pending -- -- --
02/06/2015 02/06/15 For Sale $2,400,000 -- $653 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Alex Wilbur DeLeon

    Wilbur Properties

    Section Image

  • A

    Seller Co-Listing Agent in 2015

    Anne & Alexandra Wilbur

    Wilbur Properties

  • K

    Buyer's Agent in 2015

    Kay Paelmo

    Kay Paelmo, Broker

    Section Image
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Map

Source: MLSListings

MLS Number: ML81449753

MLSListings

APN: 127-19-185

California Santa Clara County Palo Alto 94303 Adobe Meadow-Meadow Park

3887 Middlefield Rd, Palo Alto, CA

This home is located at 3887 Middlefield Rd, Palo Alto, CA 94303 since 06 February 2015. This property was built in 1964. 3887 Middlefield Rd is a home located in Santa Clara County with nearby schools including Fairmeadow Elementary School, Jane Lathrop Stanford Middle School, and Henry M. Gunn High School.

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