NOT LISTED FOR SALE

440 Pepper Ave Palo Alto, CA 94306

Ventura Neighborhood

Estimated Value: $2,809,000 - $3,750,000

2 Beds
2.5 Baths
2,400 Sq Ft
$1,371/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $2,625,000 $1,094 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $20,061/month

9 Days on Market

Highlights

  • Art Studio
  • Primary Bedroom Suite
  • Vaulted Ceiling
  • Barron Park Elementary School Rated A+
  • Recreation Room
  • Modern Architecture

About This Home

As of May 2022

This urban oasis is not only a one of a kind home, it's a converted commercial building with 15 foot ceiling completely converted to residential seven years ago. A one level masterpiece for the out of the box buyer or entrepreneur looking for work space and home! Offering instant hot water, new radiant heat system / polished concrete floors. Near California Avenue, Cal Train, bus and freeways! A craftsman's pride of ownership!

Last Agent to Sell the Property

Kathleen Wilson

Compass License #00902501 Listed on: 04/20/2022

Compass

Last Buyer's Agent

Michelle Mojas

Redfin License #02060524

Redfin

Home Details

Home Type

  • Single Family

Year Built

  • 1953

Lot Details

  • 6,734 Sq Ft Lot
  • Wood Fence
  • Grass Covered Lot

Home Design

  • Modern Architecture
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Skylights
  • Great Room
  • Combination Dining and Living Room
  • Den
  • Recreation Room
  • Loft
  • Bonus Room
  • Art Studio
  • Workshop
  • Storage Room
  • Utility Room
  • Concrete Flooring
  • Neighborhood Views
  • Security Gate

Kitchen

  • Open to Family Room
  • Gas Oven
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Corian Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Loft Bedroom
  • Remodeled Bathroom
  • Bathroom on Main Level
  • Dual Sinks
  • Walk-in Shower

Laundry

  • Laundry in Utility Room
  • Washer and Dryer
  • Laundry Tub

Parking

  • 4 Parking Spaces
  • Tandem Parking
  • Off-Street Parking

Outdoor Features

  • Outside Bathroom Access
  • Shed

Utilities

  • Vented Exhaust Fan
  • Radiant Heating System

Home Details

Home Type

Single Family

Year Built

1953

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Style: Modern / High Tech
  • Listing Class: Residential
  • Structure Sq Ft: 2400
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1953

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area In Living Room
  • Kitchen: Countertop - Solid Surface / Corian, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Island, Island With Sink, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2400
  • Stories: 1
  • Bedrooms: Loft Bedroom, Primary Bedroom On Ground Floor, Primary Suite / Retreat
  • Laundry: In Utility Room, Inside, Tub / Sink, Washer / Dryer
  • Flooring: Concrete
  • Additional Rooms: Artist Studio, Bonus / Hobby Room, Den / Study / Office, Great Room, Loft, Office Area, Recreation Room, Storage, Utility Room, Workshop
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Full On Ground Floor, Outside Access, Primary - Stall Shower(s), Updated Bath

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar And Gravel
  • View: Neighborhood
  • Yard/Grounds: Low Maintenance, Storage Shed / Structure
  • Fencing: Wood
  • Construction Type: Concrete, Concrete Block

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking, Tandem Parking

Utilities

  • Heating System: Radiant
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Open Beam Ceiling, Security Gate, Skylight, Vaulted Ceiling

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1546
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6733.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6733.00
  • Soil: Adobe

Multi Family

  • Utilities: Natural Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2022
Sold by
Katti And Kamath Family Trust
Bought by
Katti And Kamath Family Trust
Current Estimated Value
$3,289,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Outstanding Balance
$1,493,881
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$1,795,625

Purchase Details

Listed on
Apr 20, 2022
Closed on
May 4, 2022
Sold by
Kirkeby Peter J D and Kirkeby Kjersti Meyer
Bought by
Katti And Kamath Family Trust
Seller's Agent
Kathleen Wilson
Compass
Buyer's Agent
Michelle Mojas
Redfin
List Price
$2,300,000
Sold Price
$2,625,000
Premium/Discount to List
$325,000
14.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%
Original Mortgage
$1,625,000
Interest Rate
4.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 27, 2015
Sold by
Kirkeby Paula Z
Bought by
Kirkeby Peter J D and Kirkeby Kjersti Meyer

Purchase Details

Closed on
Dec 15, 2000
Sold by
Kirkeby Phillip N and Kirkeby Paula Z
Bought by
Kirkeby Phillip N and Kirkeby Paula Z
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Katti And Kamath Family Trust -- Mortgage Connect
Katti And Kamath Family Trust $2,625,000 Old Republic Title
Kirkeby Peter J D $950,000 Chicago Title Company
Kirkeby Phillip N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katti And Kamath Family Trust $1,575,000
Previous Owner Katti And Kamath Family Trust $1,625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2022 05/06/22 Sold $2,625,000 +14.1% $1,094 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $2,300,000 -- $958 / 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 $33,090 $2,785,670 $2,573,429 $212,241
2024 $33,090 $2,731,050 $2,522,970 $208,080
2023 $32,604 $2,677,500 $2,473,500 $204,000
2022 $5,600 $378,750 $300,608 $78,142
2021 $5,487 $371,324 $294,714 $76,610
2020 $5,390 $367,518 $291,693 $75,825
2019 $5,327 $360,313 $285,974 $74,339
2018 $5,214 $353,249 $280,367 $72,882
2017 $5,121 $346,323 $274,870 $71,453
2016 $4,982 $339,533 $269,481 $70,052
2015 $4,926 $334,434 $265,434 $69,000
2014 $4,745 $327,884 $260,235 $67,649
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Wilson

    Seller's Agent in 2022

    Kathleen Wilson

    Compass

    (650) 207-2017

    1 in this area

    47 Total Sales

    Kathleen Wilson
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Map

Source: MLSListings

MLS Number: ML81887675

MLSListings

APN: 132-37-005

California Santa Clara County Palo Alto 94306 Ventura

440 Pepper Ave, Palo Alto, CA

Not Listed for Sale

Detached

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