NOT LISTED FOR SALE

41 Somerset Place Palo Alto, CA 94301

Crescent Park Neighborhood

Estimated Value: $4,614,000 - $5,005,682

4 Beds
2 Baths
2,127 Sq Ft
$2,288/Sq Ft Est. Value

Last Sold November 29, 2023

Last sale price $4,320,000 $2,031 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $30,244/month

12 Days on Market

Highlights

  • Heated In Ground Pool
  • Wood Flooring
  • Skylights
  • Duveneck Elementary School Rated A+
  • Formal Dining Room
  • Bathtub with Shower

About This Home

As of November 2023

Classic and timeless, this updated ranch is set on more than one-quarter acre at the end of a cul-de-sac in the esteemed Crescent Park neighborhood of Palo Alto. The home boasts 4 bedrooms and 2 baths, all conveniently located on a single level, plus a bonus room converted from the garage and ideal for a family room or remote work office with private entrance. Throughout most of the home, fine hardwood floors extend, along with expansive windows and a sliding glass door to the very private rear grounds, where a sparkling pool awaits. Vast wraparound decks with built-in seating, a covered patio, and a stretch of lawn offer an ideal setting for entertaining and play. For additional recreation, Eleanor Pardee Park is just one block away, and downtown University Avenue's shops and restaurants are within a mile's reach. Adding the finishing touch is the home's access to excellent Palo Alto schools.

Last Agent to Sell the Property

Kathy Bridgman

Compass License #01189798 Listed on: 10/31/2023

Compass

Last Buyer's Agent

Samantha Zhao

Keller Williams Palo Alto License #02061284

Keller Williams Palo Alto

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,749

Year Built

  • Built in 1948

Lot Details

  • 0.27 Acre Lot
  • Back Yard Fenced
  • Zoning described as R1

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,127 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Separate Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Washer and Dryer

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Pool

  • Heated In Ground Pool

Utilities

  • Forced Air Heating System
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 003-27-063

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,749

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Age: 75
  • Listing Class: Residential
  • Structure Sq Ft: 2127
  • Year Built: 1948
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Gas, Dishwasher, Garbage Disposal, Microwave, Oven - Built-In
  • Living Sq Ft: 2127
  • Stories: 1
  • Bedrooms: Ground Floor Bedroom
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Shower and Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - Heated, Pool - In Ground
  • Roof: Composition
  • Yard/Grounds: Back Yard
  • Pool: Yes
  • Fencing: Fenced Back

Garage/Parking

  • Garage Parking Features: On Street

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Skylight

Schools

  • School District: Palo Alto Unified
  • Elementary School: Duveneck Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 311
  • Middle School: 329

Lot Info

  • Parcel Number: 003-27-063
  • Lot Acres: 0.2654
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11559.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11559.00

Multi Family

  • Utilities: Individual Gas Meters

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Nov 14, 2023
Sold by
41 Somerset Llc
Bought by
Cao Yue and Zhang Zhong
Seller's Agent
Kathy Bridgman
Compass
Buyer's Agent
Samantha Zhao
Keller Williams Palo Alto
List Price
$4,495,000
Sold Price
$4,320,000
Premium/Discount to List
-$175,000
-3.89%
Views
52
Current Estimated Value
$4,867,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$547,171
Avg. Annual Appreciation
8.23%

Purchase Details

Closed on
Mar 2, 2022
Sold by
Giorgio Riga
Bought by
41 Somerset Llc

Purchase Details

Closed on
Jun 21, 2005
Sold by
Kershner Stephen Kenneth and Kershner Jane G
Bought by
Riga Giorgio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 1998
Sold by
Aaron Matityahu and Aaron Nadine T
Bought by
Kershner Stephen Kenneth and Kershner Jane G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.25%
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
Cao Yue $4,320,000 Chicago Title
41 Somerset Llc -- Accommodation/Courtesy Recordi
Riga Giorgio -- First American Title Company
Kershner Stephen Kenneth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riga Giorgio $585,716
Previous Owner Riga Giorgio $625,500
Previous Owner Riga Giorgio $1,500,000
Previous Owner Kershner Stephen Kenneth $500,000
Previous Owner Kershner Stephen Kenneth $963,000
Previous Owner Kershner Stephen Kenneth $1,001,000
Previous Owner Kershner Stephen Kenneth $1,001,000
Previous Owner Kershner Stephen Kenneth $975,000
Previous Owner Kershner Stephen Kenneth $977,400
Previous Owner Kershner Stephen Kenneth $977,400
Previous Owner Kershner Stephen Kenneth $986,000
Previous Owner Kershner Stephen Kenneth $998,400
Previous Owner Kershner Stephen Kenneth $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2023 11/29/23 Sold $4,320,000 -3.9% $2,031 / Sq Ft
11/13/2023 11/13/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $4,495,000 -- $2,113 / 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 $51,749 $4,569,400 $4,080,000 $489,400
2024 $51,749 $4,320,000 $4,000,000 $320,000
2023 $38,985 $3,218,112 $1,970,275 $1,247,837
2022 $38,537 $3,155,013 $1,931,643 $1,223,370
2021 $37,779 $3,093,151 $1,893,768 $1,199,383
2020 $36,994 $3,061,435 $1,874,350 $1,187,085
2019 $36,588 $3,001,408 $1,837,599 $1,163,809
2018 $35,577 $2,942,558 $1,801,568 $1,140,990
2017 $34,954 $2,884,862 $1,766,244 $1,118,618
2016 $34,041 $2,828,297 $1,731,612 $1,096,685
2015 $33,712 $2,785,814 $1,705,602 $1,080,212
2014 $33,064 $2,731,245 $1,672,192 $1,059,053
Source: Public Records

Agents Affiliated with this Home

  • Kathy Bridgman

    Seller's Agent in 2023

    Kathy Bridgman

    Compass

    (650) 209-1589

    1 in this area

    197 Total Sales

    Kathy Bridgman
    Section Image
  • Samantha Zhao

    Buyer's Agent in 2023

    Samantha Zhao

    Keller Williams Palo Alto

    (408) 858-2826

    1 in this area

    52 Total Sales

    Samantha Zhao
    Section Image
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Map

Source: MLSListings

MLS Number: ML81946662

MLSListings

APN: 003-27-063

California Santa Clara County Palo Alto 94301 Crescent Park

41 Somerset Place, Palo Alto, CA

This home is located at 41 Somerset Place, Palo Alto, CA 94301 since 31 October 2023 and is currently estimated at $4,867,171, approximately $2,288 per square foot. This property was built in 1948. 41 Somerset Place is a home located in Santa Clara County with nearby schools including Duveneck Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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