$2,420,000
SOLD MAY 19, 2025
2 Beds
1 Bath
912 Sq Ft
6,835 Sq Ft Lot

Recently Sold

$2,654 Per Sq Ft

1% Above List Price

Highlights

  • Combination Dining and Living Room
  • Barron Park Elementary School Rated A+
  • 1-Story Property

About This Home

As of May 2025

Outstanding investment opportunity in the heart of Palo Alto. This 2-bedroom, 1-bath bungalow sits on a newly surveyed 6,835 sqft lot and includes two additional detached structuresideal for flexible use or conversion to an ADU for added income potential. Architectural plans are available, offering a clear path for redevelopment or expansion to maximize value. Strategically located just minutes from Barron Park, California Avenue retail and dining, and downtown Palo Alto. Quick access to Costco, Trader Joes, and major commute routes enhances long-term rental or resale appeal. Located near well-regarded public schools and community amenities. Rare potential in a high-demand marketprime for vision-driven investors and developers.

Last Agent to Sell the Property

Joe Velasco

Intero Real Estate Services License #01309200 Listed on: 04/23/2025

Intero Real Estate Services

Last Buyer's Agent

Vicky Le

Province Real Estate License #01748595

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,187

Year Built

  • Built in 1948

Lot Details

  • 6,835 Sq Ft Lot
  • Zoning described as R1

Parking

  • Uncovered Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 912 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 132-42-050

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,187

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Age: 77
  • Listing Class: Residential
  • Structure Sq Ft: 912
  • Year Built: 1948
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area in Living Room
  • Living Sq Ft: 912
  • Stories: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Uncovered Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 132-42-050
  • Lot Acres: 0.1569
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6835.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6835.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2025
Closed on
May 9, 2025
Sold by
Kumar Krishnaswamy Lokesh
Bought by
Sato Jun and Sato Chisako
Seller's Agent
Joe Velasco
Intero Real Estate Services
Buyer's Agent
Vicky Le
Province Real Estate
List Price
$2,399,888
Sold Price
$2,420,000
Premium/Discount to List
$20,112
0.84%
Views
14
Current Estimated Value
$2,465,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,473
Avg. Annual Appreciation
7.42%
Original Mortgage
$1,926,066
Outstanding Balance
$1,919,568
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$545,905

Purchase Details

Listed on
Mar 14, 2024
Closed on
Mar 26, 2024
Sold by
Elisabeth K Hill 2000 Trust and Tabares Eric R
Bought by
Krishnaswamy Lokesh Kumar
Seller's Agent
Tim Foy
Midtown Realty
Buyer's Agent
Joe Velasco
Intero Real Estate Services
List Price
$1,798,000
Sold Price
$1,800,000
Premium/Discount to List
$2,000
0.11%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.56%
Original Mortgage
$1,440,000
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2005
Sold by
Hill Elisabeth K
Bought by
Hill Elisabeth K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 28, 2000
Sold by
Hill Elisabeth K
Bought by
Hill Elisabeth K
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,420,000 Fidelity National Title Compan
Grant Deed $1,800,000 Old Republic Title
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,926,066 New Conventional
Closed $1,460,000 New Conventional
Previous Owner $1,463,000 New Conventional
Previous Owner $1,453,200 New Conventional
Previous Owner $1,440,000 New Conventional
Previous Owner $75,000 Credit Line Revolving
Previous Owner $85,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Sold $2,420,000 +0.8% $2,654 / Sq Ft
04/23/2025 04/23/25 Pending -- -- --
04/23/2025 04/23/25 For Sale $2,399,888 +33.3% $2,631 / Sq Ft
04/30/2024 04/30/24 Sold $1,800,000 +0.1% $1,974 / Sq Ft
03/20/2024 03/20/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $1,798,000 -- $1,971 / 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 $21,187 $1,836,000 $1,683,000 $153,000
2024 $21,187 $1,800,000 $1,650,000 $150,000
2023 $21,187 $142,065 $72,587 $69,478
2022 $1,700 $139,280 $71,164 $68,116
2021 $1,664 $136,550 $69,769 $66,781
2020 $1,629 $135,151 $69,054 $66,097
2019 $1,611 $132,501 $67,700 $64,801
2018 $1,579 $129,904 $66,373 $63,531
2017 $1,550 $127,358 $65,072 $62,286
2016 $1,497 $124,862 $63,797 $61,065
2015 $1,481 $122,987 $62,839 $60,148
2014 $1,458 $120,579 $61,609 $58,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML82003786

MLSListings

APN: 132-42-050