NOT LISTED FOR SALE

Estimated Value: $5,121,000 - $5,771,000

5 Beds
5.5 Baths
3,994 Sq Ft
$1,331/Sq Ft Est. Value

Last Sold October 04, 2021

Last sale price $4,500,000 $1,127 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $33,196/month

94 Days on Market

Highlights

  • Home Theater
  • New Construction
  • Wood Flooring
  • Juana Briones Elementary School Rated A+
  • Soaking Tub in Primary Bathroom
  • 2-minute walk to Juana Briones Park

About This Home

As of October 2021

Contemporary home in Palo Alto's newest neighborhood, Orchard Park. 3,994 square feet with an open floor plan, this home's main living area on the ground floor opens to a covered back patio via glass La Cantina bifold doors for indoor/outdoor living. The family room features a 58 inch gas fireplace with tile surround. An en suite bedroom on the main floor is well-suited for use as an office. Three bedrooms, including the primary suite with a private balcony, walk-in closet, and luxurious bathroom are found on the upper level. The basement level includes a light-filled lounge, wet bar, media room, gym and an additional bedroom, ideal for a guest room or office. Durable quartz countertops, European oak hardwood floors, and designer light fixtures add stylish finishing touches to this home. Located in a desirable cul-de-sac location near Juana Briones Park and top-rated schools.

Last Agent to Sell the Property

Michael Dreyfus

Golden Gate Sotheby's International Realty License #01121795 Listed on: 06/03/2021

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Kate Cao

Compass License #02047238

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,915

Year Built

  • 2021

Lot Details

  • 6,011 Sq Ft Lot
  • Back Yard

HOA Fees

  • $245 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • 1 Carport Space

Home Design

  • Tar and Gravel Roof
  • Urethane Roof
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,994 Sq Ft Home
  • Gas Log Fireplace
  • Separate Family Room
  • Combination Dining and Living Room
  • Home Theater
  • Laundry Room
  • Finished Basement

Kitchen

  • Kitchen Island
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Community Details

  • Association fees include insurance - common area, maintenance - common area
  • Tao Village Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,915

Year Built

2021

Lot Details

0

HOA Fees

$245 per month

Parking

1

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Restrictions: Neighborhood Approval, Pets - Rules
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 16
  • Structure Sq Ft: 3994
  • Construction: Completed-Never Occupied
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2021

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Log
  • Dining Room: Dining Area In Living Room
  • Kitchen: Countertop - Quartz, Island, Pantry
  • Fireplace: Yes
  • Living Sq Ft: 3994
  • Laundry: In Utility Room, Inside
  • Flooring: Hardwood, Tile
  • Additional Rooms: Basement - Finished, Laundry Room, Media / Home Theater
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Full On Ground Floor, Half On Ground Floor, Primary - Oversized Tub, Showers Over Tubs - 2+

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Metal, Polyurethane, Tar And Gravel
  • Yard/Grounds: Back Yard, Balcony / Patio

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Detached Garage
  • Carport Min: 1

Utilities

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

Condo/Co-op/Association

  • Complex Name: Orchard Park
  • HOA Fees: 245
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Insurance - Common Area, Maintenance - Common Area
  • HOA Exist: Yes
  • H O A Name Text: Tao Village

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: Palo Alto Unified
  • Elementary School: Juana Briones Elementary
  • Middle School: Ellen Fletcher Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 317
  • Middle School: 323

Lot Info

  • Lot Acres: 0.1380
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6010.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6010.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Sep 18, 2021
Sold by
Golden Gate Homes Llc
Bought by
Chen Yuanhui and Wang Yanxing
Seller's Agent
Michael Dreyfus
Golden Gate Sotheby's International Realty
Buyer's Agent
Kate Cao
Compass
List Price
$4,593,100
Sold Price
$4,500,000
Premium/Discount to List
-$93,100
-2.03%
Current Estimated Value
$5,315,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$815,239
Avg. Annual Appreciation
4.24%
Original Mortgage
$3,579,996
Outstanding Balance
$3,212,493
Interest Rate
1.91%
Mortgage Type
New Conventional
Estimated Equity
$2,102,746
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
Chen Yuanhui $4,500,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Yuanhui $3,579,996
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2021 10/04/21 Sold $4,500,000 -2.0% $1,127 / Sq Ft
09/06/2021 09/06/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $4,593,100 -- $1,150 / 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 $55,915 $4,775,435 $2,440,778 $2,334,657
2024 $55,915 $4,681,800 $2,392,920 $2,288,880
2023 $55,096 $4,590,000 $2,346,000 $2,244,000
2022 $54,641 $4,500,000 $2,300,000 $2,200,000
2021 $36,412 $2,978,357 $1,575,357 $1,403,000
2020 $25,791 $2,101,204 $1,559,204 $542,000
2019 $19,166 $1,528,632 $1,528,632 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81847055

MLSListings

APN: 137-25-142