NOT LISTED FOR SALE

416 El Verano Ave Palo Alto, CA 94306

South of Midtown Neighborhood

Estimated Value: $5,438,000 - $6,395,000

5 Beds
4 Baths
2,862 Sq Ft
$2,016/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $5,500,000 $1,922 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $37,131/month

7 Days on Market

Highlights

  • Primary Bedroom Suite
  • Skyline View
  • Marble Flooring
  • El Carmelo Elementary School Rated A+
  • Jetted Soaking Tub in Primary Bathroom
  • Main Floor Bedroom

About This Home

As of December 2021

In the heart of midtown on a large lot rests this stately newer built Mediterranean villa. Anchored by a striking staircase with wrought iron balustrade, the open concept living and dining room embraces volume & light. The chef's kitchen with adjacent family room is the heart of the home, featuring an island, bay window, mosaic tile backsplash, and top appliances by Sub-Zero, Wolf, and Thermador. Through sliding glass doors, one encounters a verdant stretch of lawn and patio under a pergola. Upstairs, the primary suite boasts amenities such as a balcony overlooking the yard, a customized walk-in closet, and a luxuriously appointed bathroom. Designed for flexibility of use, there are two additional upstairs bedrooms, a full bedroom suite on the ground floor, a flexible fifth bedroom perfect for an office, and an alcove off the staircase offering space for a gym or homework nook. Primely positioned for daily living, the home is moments away from top Palo Alto schools and Mitchell Park.

Last Agent to Sell the Property

Carol,Nicole & James

Compass License #07000304 Listed on: 11/10/2021

Last Buyer's Agent

Claire Zhou

Compass License #01440807

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $68,215

Year Built

  • Built in 2013

Lot Details

  • 8,542 Sq Ft Lot
  • Wood Fence
  • Back Yard
  • Zoning described as R1

Parking

  • 2 Car Garage

Home Design

  • Mediterranean Architecture
  • Ceiling Insulation
  • Floor Insulation
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,862 Sq Ft Home
  • 2-Story Property
  • Skylights in Kitchen
  • Gas Fireplace
  • Double Pane Windows
  • Bay Window
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Skyline Views

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • 4 Full Bathrooms
  • Dual Sinks
  • Jetted Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry Tub
  • Electric Dryer Hookup

Outdoor Features

  • Balcony

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 132-16-089

Home Details

Home Type

Single Family

Est. Annual Taxes

$68,215

Year Built

Built in 2013

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean
  • Age: 8
  • Listing Class: Residential
  • Structure Sq Ft: 2862
  • Incorporated: Yes
  • Year Built: 2013
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Burning, Living Room
  • Dining Room: Breakfast Nook, Dining Area in Living Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Island, Microwave, Oven - Built-In, Refrigerator, Skylight
  • Living Sq Ft: 2862
  • Stories: 2
  • Bedrooms: Ground Floor Bedroom, More than One Bedroom on Ground Floor, Primary Suite / Retreat, Walk-in Closet
  • Laundry: Electricity Hookup (220V), Inside, Tub / Sink
  • Flooring: Hardwood, Marble, Tile
  • Additional Rooms: Laundry Room
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Full on Ground Floor, Primary - Oversized Tub, Primary - Stall Shower(s), Primary - Tub with Jets, Shower and Tub, Shower over Tub - 1, Skylight, Stall Shower - 2+, Tub in Primary Bedroom
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Clay, Tile
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced
  • Fencing: Fenced, Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central AC, Multi-Zone
  • Heating System: Central Forced Air - Gas, Forced Air, Gas, Heating - 2+ Zones
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Bay Window, Skylight, Walk-in Closet

Schools

  • School District: Palo Alto Unified
  • Elementary School: El Carmelo Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 312
  • Middle School: 322

Lot Info

  • Parcel Number: 132-16-089
  • Lot Acres: 0.1961
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8540.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8540.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Insulation - Floor, Skylight, Tankless Water Heater

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: El Carmelo Elementary
  • High School Text: Henry M. Gunn High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2021
Closed on
Dec 6, 2021
Sold by
Smith Jack Joseph and Smith Siana Jin
Bought by
Chen Chaorong and Zhan Siyu
Seller's Agent
Carol,Nicole & James
Compass
Buyer's Agent
Claire Zhou
Compass
List Price
$5,100,000
Sold Price
$5,500,000
Premium/Discount to List
$400,000
7.84%
Total Days on Market
7
Current Estimated Value
$5,771,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,217
Avg. Annual Appreciation
2.76%

Purchase Details

Closed on
May 17, 2019
Sold by
Smith Jack
Bought by
Smith Jack Joseph and Smith Siana Jin

Purchase Details

Closed on
May 23, 2014
Sold by
Zhu Lei and Liu Song
Bought by
Smith Jack

Purchase Details

Listed on
May 13, 2013
Closed on
May 20, 2013
Sold by
Xiong Jing and Cheng Jiashu
Bought by
Zhu Lei and Liu Song
Seller's Agent
Lan Bowling
Deleon Realty
Buyer's Agent
May Wang
Green Valley Realty USA
List Price
$3,298,000
Sold Price
$3,550,000
Premium/Discount to List
$252,000
7.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.50%

Purchase Details

Closed on
Jun 23, 2011
Sold by
Wang Teresa Shu Fong
Bought by
Xiong Jing and Cheng Jiashu

Purchase Details

Closed on
Jun 16, 2011
Sold by
Zhang Tong
Bought by
Xiong Jing

Purchase Details

Closed on
May 5, 2011
Sold by
Wang Teresa Shu Fong
Bought by
Wang Teresa Shu Fong
Source: Public Records

Range of Values:

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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 Chaorong $5,500,000 Old Republic Title Company
Smith Jack Joseph -- None Available
Smith Jack -- None Available
Zhu Lei $3,550,000 Old Republic Title Company
Xiong Jing $1,269,750 First American Title Ins Co
Xiong Jing -- First American Title Ins Co
Cheng Jiashu -- First American Title Ins Co
Wang Teresa Shu Fong -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $5,500,000 +7.8% $1,922 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
11/10/2021 11/10/21 For Sale $5,100,000 +43.7% $1,782 / Sq Ft
06/04/2013 06/04/13 Sold $3,550,000 +7.6% $1,073 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
05/13/2013 05/13/13 For Sale $3,298,000 -- $996 / 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 $68,215 $5,836,643 $4,085,650 $1,750,993
2024 $68,215 $5,722,200 $4,005,540 $1,716,660
2023 $67,218 $5,610,000 $3,927,000 $1,683,000
2022 $66,453 $5,500,000 $3,850,000 $1,650,000
2021 $48,817 $4,020,401 $2,559,467 $1,460,934
2020 $47,797 $3,979,177 $2,533,223 $1,445,954
2019 $47,274 $3,901,154 $2,483,552 $1,417,602
2018 $45,962 $3,824,661 $2,434,855 $1,389,806
2017 $45,157 $3,749,668 $2,387,113 $1,362,555
2016 $43,979 $3,676,146 $2,340,307 $1,335,839
2015 $43,557 $3,620,928 $2,305,154 $1,315,774
2014 $42,941 $3,566,117 $1,757,945 $1,808,172
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Carol,Nicole & James

    Compass

    (650) 465-5958

    1 in this area

    102 Total Sales

    Carol,Nicole & James
    Section Image
  • Claire Zhou

    Buyer's Agent in 2021

    Claire Zhou

    Compass

    (650) 245-5698

    2 in this area

    84 Total Sales

    Claire Zhou
    Section Image

  • L

    Seller's Agent in 2013

    Lan Bowling

    Deleon Realty

    Section Image

  • M

    Buyer's Agent in 2013

    May Wang

    Green Valley Realty USA

    Section Image
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Map

Source: MLSListings

MLS Number: ML81869826

MLSListings

APN: 132-16-089

California Santa Clara County Palo Alto 94306 South of Midtown

416 El Verano Ave, Palo Alto, CA

This home is located at 416 El Verano Ave, Palo Alto, CA 94306 since 10 November 2021 and is currently estimated at $5,771,217, approximately $2,016 per square foot. This property was built in 2013. 416 El Verano Ave is a home located in Santa Clara County with nearby schools including El Carmelo Elementary School, Jane Lathrop Stanford Middle School, and Henry M. Gunn High School.

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