NOT LISTED FOR SALE

450 Lowell Ave Palo Alto, CA 94301

Old Palo Alto Neighborhood

Estimated Value: $4,724,000 - $9,032,000

2 Beds
1.5 Baths
1,367 Sq Ft
$5,656/Sq Ft Est. Value

Last Sold April 12, 2013

Last sale price $3,330,000 $2,436 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $50,266/month

15 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Breakfast Area or Nook
  • Walter Hays Elementary Rated A+
  • Bonus Room
  • Workshop

About This Home

As of April 2013

Fantastic rare opportunity in the heart of prestigious Old Palo Alto, on one of the most sought-after tree-lined streets. Existing 2 bedrooms, 1 1/2 bath 1,375 sq ft home on a 7,500 sq ft lot offers the charm of yesteryear. Welcoming covered front porch, living room with fireplace, separate dining room, beautifully updated kitchen with cherry cabinets, and breakfast nook

Last Agent to Sell the Property

Alan Dunckel

Compass License #00866010 Listed on: 03/13/2013

Compass

Last Buyer's Agent

Nadr Essabhoy

Compass License #01085354

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $98,624

Year Built

  • Built in 1925

Lot Details

  • Fenced
  • Level Lot
  • Zoning described as R1

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,367 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Workshop
  • Breakfast Area or Nook

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 124-08-060

Home Details

Home Type

Single Family

Est. Annual Taxes

$98,624

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage/Bungalow
  • Age: 88
  • Sale Price Per Sq Ft: 2435.99
  • Listing Class: Residential
  • Structure Sq Ft: 1367
  • Barclay Horizontal: 10
  • Barclays Page: 12
  • Incorporated: Yes
  • Map Book Page: 791
  • Map Book Page Secondary: 12
  • Map Side Coordinate: 5
  • Map Side Coordinate Secondary: 83
  • Map Top Coordinate: B
  • Map Top Coordinate Secondary: 10
  • Thomas Bros Page: 791
  • Thomas Brothers: B5
  • Year Built: 1925
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Wood Burning, Yes
  • Dining Room: Formal Dining Room, Breakfast Nook
  • Kitchen: Refrigerator
  • Living Sq Ft: 1367
  • Stories: 1
  • Laundry: In Laundry Room, 220 Volt Outlet
  • Flooring: Hardwood, Vinyl / Linoleum
  • Additional Rooms: Bonus / Hobby Room, Workshop, Basement - Partial
  • Maximum Bathrooms: 2
  • Maximum Numberof Bedrooms: 2
  • Minimum Bathrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Fenced
  • Exterior: Stucco

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Detached Garage, Off-Street Parking

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Schools

  • School District: Palo Alto Unified
  • Elementary School: Walter Hays Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 315
  • Middle School: 329

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 124-08-060
  • List Price per Sq Ft: 1898.32
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7500.00
  • Lot Size Area Min Search: 7500.00
  • Maximum Lot Size: 7500.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Multi Family

  • Maximum Building Height: 1
  • Minimum Building Height: 1

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Walter Hays Elementary
  • High School Text: Palo Alto High
  • Middle School Text: David Starr Jordan Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2013
Closed on
Apr 5, 2013
Sold by
Smith Steven V
Bought by
Lee Gregory and Lee Linda Liu
Seller's Agent
Alan Dunckel
Compass
Buyer's Agent
Nadr Essabhoy
Compass
List Price
$2,595,000
Sold Price
$3,330,000
Premium/Discount to List
$735,000
28.32%
Current Estimated Value
$7,731,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,401,924
Avg. Annual Appreciation
7.04%
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
Lee Gregory $3,329,750 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Gregory $1,200,000
Previous Owner Smith Lucy C $877,292
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2013 04/12/13 Sold $3,330,000 +28.3% $2,436 / Sq Ft
03/28/2013 03/28/13 Pending -- -- --
03/13/2013 03/13/13 For Sale $2,595,000 -- $1,898 / 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 $98,624 $8,477,999 $4,092,032 $4,385,967
2024 $98,624 $8,311,765 $4,011,797 $4,299,968
2023 $97,185 $8,148,790 $3,933,135 $4,215,655
2022 $96,084 $7,989,011 $3,856,015 $4,132,996
2021 $94,195 $7,832,364 $3,780,407 $4,051,957
2020 $92,210 $7,752,054 $3,741,644 $4,010,410
2019 $91,207 $7,600,054 $3,668,279 $3,931,775
2018 $88,654 $7,451,034 $3,596,352 $3,854,682
2017 $87,103 $7,304,936 $3,525,836 $3,779,100
2016 $84,837 $7,161,702 $3,456,702 $3,705,000
2015 $45,029 $3,745,790 $3,404,780 $341,010
2014 $40,326 $3,345,117 $3,338,086 $7,031
Source: Public Records

Agents Affiliated with this Home

  • Alan Dunckel

    Seller's Agent in 2013

    Alan Dunckel

    Compass

    (650) 543-1074

    8 Total Sales

    Alan Dunckel
    Section Image
  • Nadr Essabhoy

    Buyer's Agent in 2013

    Nadr Essabhoy

    Compass

    (650) 248-5898

    2 in this area

    86 Total Sales

    Nadr Essabhoy
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81307907

MLSListings

APN: 124-08-060

California Santa Clara County Palo Alto 94301 Old Palo Alto

450 Lowell Ave, Palo Alto, CA

This home is located at 450 Lowell Ave, Palo Alto, CA 94301 since 13 March 2013 and is currently estimated at $7,731,924, approximately $5,656 per square foot. This property was built in 1925. 450 Lowell Ave is a home located in Santa Clara County with nearby schools including Walter Hays Elementary, Frank S. Greene Jr. Middle, and Palo Alto High School.

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