NOT LISTED FOR SALE

450 El Dorado Ave Palo Alto, CA 94306

Midtown Palo Alto Neighborhood

Estimated Value: $3,786,000 - $4,665,000

6 Beds
4 Baths
2,835 Sq Ft
$1,521/Sq Ft Est. Value

Last Sold July 18, 2023

Last sale price $3,830,000 $1,351 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $26,267/month

11 Days on Market

Highlights

  • Forced Air Heating System
  • Dining Area
  • 3-minute walk to Hoover Park
  • El Carmelo Elementary School Rated A+

About This Home

As of July 2023

Don't miss this exceptional opportunity at the heart of Midtown! Featuring two homes with separate addresses on a sprawling, perfectly shaped corner parcel. The bed/bath counts and the square footage are for the combined two homes based on the County record. Unlimited options abound: use one or both homes for rental income, combine them into a family compound, or build an expansive, brand-new residence along one of Midtown's finest streets. 450 El Dorado Avenue is the primary home with a spacious front yard, beautiful hardwood floors, vaulted ceilings with exposed beams, and an open layout with a central fireplace. Each home is tastefully updated, and each includes a private backyard retreat and an attached garage. This sought-after corner setting adjoins a cul-de-sac, allowing residents to enjoy unparalleled serenity and privacy within blocks of Midtown Shopping Center, shopping and dining on California Avenue, and top-ranking schools.

Last Agent to Sell the Property

Xin Jiang

Compass License #01961451 Listed on: 05/10/2023

Compass

Co-Listed By

Nadr Essabhoy

Compass License #01085354

Last Buyer's Agent

Xin Jiang

Compass License #01961451 Listed on: 05/10/2023

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,995

Year Built

  • Built in 1960

Lot Details

  • 9,810 Sq Ft Lot
  • Zoning described as R1

Parking

  • 3 Car Garage

Home Design

  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,835 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 132-09-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,995

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Age: 63
  • Listing Class: Residential
  • Structure Sq Ft: 2835
  • Year Built: 1960
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area
  • Living Sq Ft: 2835
  • Stories: 2
  • Maximum Numberof Bedrooms: 6
  • Minimum Numberof Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace: Yes

Exterior Features

  • Foundation: Crawl Space, Raised
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: Palo Alto Unified
  • Elementary School: El Carmelo Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 312
  • Middle School: 322

Lot Info

  • Parcel Number: 132-09-024
  • Lot Acres: 0.2252
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9811.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9811.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2023
Sold by
Wu Kai and Wu Yu
Bought by
Wu And Huang Family Trust and Wu
Current Estimated Value
$4,097,414

Purchase Details

Closed on
Aug 12, 2020
Sold by
Lok Vanessa W and Lok Calvin Y
Bought by
Lok Vanessa W and Lok Calvin Y

Purchase Details

Closed on
May 17, 2018
Sold by
Lok Juna W and Lok Calvin Y
Bought by
Lok Juna W and Lok Calvin Y

Purchase Details

Closed on
Jun 27, 2008
Sold by
Petersen Kirsten M and Arel Justin G
Bought by
Lok Robert H W and Lok Juna

Purchase Details

Closed on
Jul 7, 1998
Sold by
Vanessa W Lok Trust and Calvin Y Lok Revocable Trust
Bought by
Wu Kai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,681,000
Interest Rate
6.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Wu And Huang Family Trust -- None Listed On Document
Lok Vanessa W -- None Available
Lok Juna W -- None Available
Lok Robert H W $1,750,000 First American Title
Wu Kai $3,830,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wu Kai $2,681,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2023 07/18/23 Sold $3,830,000 -3.8% $1,351 / Sq Ft
05/21/2023 05/21/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $3,980,000 -- $1,404 / 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 $45,995 $3,906,600 $3,672,000 $234,600
2024 $45,995 $3,830,000 $3,600,000 $230,000
2023 $39,552 $3,266,134 $3,106,691 $159,443
2022 $39,098 $3,202,093 $3,045,776 $156,317
2021 $38,328 $3,139,307 $2,986,055 $153,252
2020 $25,213 $2,060,612 $1,589,617 $470,995
2019 $24,934 $2,020,209 $1,558,449 $461,760
2018 $24,252 $1,980,599 $1,527,893 $452,706
2017 $23,827 $1,941,765 $1,497,935 $443,830
2016 $23,202 $1,903,692 $1,468,564 $435,128
2015 $22,976 $1,875,097 $1,446,505 $428,592
2014 $22,501 $1,838,367 $1,418,170 $420,197
Source: Public Records

Agents Affiliated with this Home

  • Xin Jiang

    Seller's Agent in 2023

    Xin Jiang

    Compass

    (650) 283-8379

    9 in this area

    59 Total Sales

    Section Image
  • Nadr Essabhoy

    Seller Co-Listing Agent in 2023

    Nadr Essabhoy

    Compass

    (650) 248-5898

    5 in this area

    86 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81922155

MLSListings

APN: 132-09-024

California Santa Clara County Palo Alto 94306 Midtown Palo Alto

450 El Dorado Ave, Palo Alto, CA

This home is located at 450 El Dorado Ave, Palo Alto, CA 94306 since 10 May 2023 and is currently estimated at $4,312,915, approximately $1,521 per square foot. This property was built in 1960. 450 El Dorado Ave is a home located in Santa Clara County with nearby schools including El Carmelo Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

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