NOT LISTED FOR SALE

Estimated Value: $2,513,000 - $3,069,484

3 Beds
1 Bath
1,097 Sq Ft
$2,541/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $2,100,000 $1,914 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $17,116/month

5 Days on Market

Highlights

  • Quartz Countertops
  • Cottage
  • Eat-In Kitchen
  • Fairmeadow Elementary School Rated A+
  • 1 Car Attached Garage
  • 5-minute walk to Mitchell Park

About This Home

As of December 2019

This charming three-bedroom cottage in South Palo Alto, with lovely curb appeal and a cozy front porch, has a spacious living room with fireplace, a wonderful sun-lit dining room with large windows and door to a pergola-covered patio, hardwood floors, new lush front and rear lawns, and an attached garage. The home of 1097 sq. ft. is nestled on a 6009 sq.ft. lot and conveniently located close to Mitchell Park with its wonderful Library, Community Center, and Magical Bridge Playground. Excellent Schools: Fair Meadow Elementary, JLS Middle, and Gunn High.

Last Agent to Sell the Property

Brian Chancellor

Christie's International Real Estate Sereno License #01174998 Listed on: 10/31/2019

Christie's International Real Estate Sereno

Last Buyer's Agent

Mandy Lu

Green Valley Realty USA License #02003977

Green Valley Realty USA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,378

Year Built

  • 1951

Lot Details

  • 6,007 Sq Ft Lot
  • Fenced

Parking

  • 1 Car Attached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Cottage
  • Slab Foundation
  • Wood Shingle Roof

Interior Spaces

  • 1,097 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Laundry in Garage

Kitchen

  • Eat-In Kitchen
  • Range Hood
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Utilities

  • Wall Furnace

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,378

Year Built

1951

Lot Details

0

Parking

1

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Style: Cottage
  • Age: 68
  • Listing Class: Residential
  • Structure Sq Ft: 1097
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1951

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area In Living Room, Eat In Kitchen
  • Kitchen: Countertop - Quartz, Dishwasher, Hood Over Range
  • Fireplace: Yes
  • Living Sq Ft: 1097
  • Stories: 1
  • Laundry: In Garage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Shower Over Tub - 1

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Wood Shakes / Shingles
  • Fencing: Fenced

Garage/Parking

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

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

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 Acres: 0.1379
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6009.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6009.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2020
Sold by
Chen Ming-Yu
Bought by
Ming-Yu Chen Living Trust and Chen
Current Estimated Value
$2,787,121

Purchase Details

Closed on
Nov 22, 2020
Sold by
Chen Ming Yu and Chen Mingyu
Bought by
Chen Ming Yu and The Ming Yu Chen Living Trust

Purchase Details

Listed on
Oct 31, 2019
Closed on
Dec 2, 2019
Sold by
Gomez Susan M and Freeman Wendy E
Bought by
Chen Mingyu
Seller's Agent
Brian Chancellor
Christie's International Real Estate Sereno
Buyer's Agent
Mandy Lu
Green Valley Realty USA
List Price
$1,895,000
Sold Price
$2,100,000
Premium/Discount to List
$205,000
10.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Original Mortgage
$1,100,000
Interest Rate
3.75%

Purchase Details

Closed on
Mar 5, 2010
Sold by
Freeman Julia A
Bought by
Freeman Julia A

Purchase Details

Closed on
Dec 2, 1998
Sold by
Corrine Goldstick
Bought by
Freeman Julia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.75%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ming-Yu Chen Living Trust -- Li Victoria
Chen Ming Yu -- None Available
Chen Mingyu $2,100,000 Chicago Title Company
Freeman Julia A -- None Available
Freeman Julia A $420,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Mingyu $1,100,000
Previous Owner Freeman Julia A $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2019 12/06/19 Sold $2,100,000 +10.8% $1,914 / Sq Ft
11/06/2019 11/06/19 Pending -- -- --
10/31/2019 10/31/19 For Sale $1,895,000 -- $1,727 / 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 $27,378 $2,311,654 $2,241,973 $69,681
2024 $27,378 $2,251,622 $2,198,013 $53,609
2023 $26,973 $2,207,473 $2,154,915 $52,558
2022 $26,659 $2,164,190 $2,112,662 $51,528
2021 $26,215 $2,121,756 $2,071,238 $50,518
2020 $25,676 $2,100,000 $2,050,000 $50,000
2019 $7,047 $590,239 $576,196 $14,043
2018 $6,862 $578,667 $564,899 $13,768
2017 $6,741 $567,322 $553,823 $13,499
2016 $6,553 $556,199 $542,964 $13,235
2015 $6,489 $547,846 $534,809 $13,037
2014 $6,386 $537,115 $524,333 $12,782
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81774221

MLSListings

APN: 127-18-063