NOT LISTED FOR SALE

Estimated Value: $4,503,000 - $4,937,000

2 Beds
1 Bath
1,035 Sq Ft
$4,562/Sq Ft Est. Value

Last Sold August 14, 2023

Last sale price $4,150,000 $4,010 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $29,229/month

25 Days on Market

Highlights

  • Formal Dining Room
  • 2 Car Detached Garage
  • 1-Story Property
  • Walter Hays Elementary Rated A+

About This Home

As of August 2023

Rare and special opportunity to build your dream home in prestigious Old Palo Alto! This is a unique chance to purchase a 7,500 square lot in one of the most desirable locations in Palo Alto. Close in to all of the desirable benefits that Palo Alto has to offer including close access to Stanford University, Town and Country Shopping Center, downtown Palo Alto and excellent local schools.

Last Agent to Sell the Property

Jennifer Bitter

Compass License #01847627 Listed on: 05/18/2023

Compass

Co-Listed By

Tom LeMieux

Compass License #01066910

Last Buyer's Agent

Wayne Wang

Aillion Realty Inc. License #01943680

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,865

Year Built

  • Built in 1939

Lot Details

  • 7,492 Sq Ft Lot
  • Zoning described as R1

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,035 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Formal Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 124-08-031

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,865

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 84
  • Listing Class: Residential
  • Structure Sq Ft: 1035
  • Year Built: 1939
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Formal Dining Room
  • Living Sq Ft: 1035
  • Stories: 1
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Wood Shakes / Shingles

Garage/Parking

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

Utilities

  • Heating System: No Heating
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified
  • Elementary School: Walter Hays Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 315
  • Middle School: 329

Lot Info

  • Parcel Number: 124-08-031
  • Lot Acres: 0.1720
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7492.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7492.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Walter Hays Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Frank S. Greene Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2023
Sold by
Hang Ye And Ying Zou Joint Living Trust
Bought by
Zou Ying and Ye Hang
Current Estimated Value
$4,721,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2023
Closed on
Jul 26, 2023
Sold by
Rayl Randy
Bought by
Hang Ye And Ying Zou Joint Living Trust and Ye
Seller's Agent
Jennifer Bitter
Compass
Buyer's Agent
Wayne Wang
Aillion Realty Inc.
List Price
$4,350,000
Sold Price
$4,150,000
Premium/Discount to List
-$200,000
-4.6%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.11%
Original Mortgage
$300,000
Interest Rate
6.96%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Zou Ying -- First American Title
Hang Ye And Ying Zou Joint Living Trust $4,150,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zou Ying $2,981,000
Closed Zou Ying $3,000,000
Previous Owner Ye Hang $300,000
Previous Owner Hang Ye And Ying Zou Joint Living Trust $2,697,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2023 08/14/23 Sold $4,150,000 -4.6% $4,010 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $4,350,000 -- $4,203 / 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 $48,865 $4,233,000 $4,182,000 $51,000
2024 $48,865 $4,150,000 $4,100,000 $50,000
2023 $1,185 $89,422 $51,705 $37,717
2022 $1,169 $87,670 $50,692 $36,978
2021 $1,145 $85,952 $49,699 $36,253
2020 $1,121 $85,072 $49,190 $35,882
2019 $1,110 $83,405 $48,226 $35,179
2018 $1,094 $81,771 $47,281 $34,490
2017 $1,075 $80,168 $46,354 $33,814
2016 $1,036 $78,597 $45,446 $33,151
2015 $1,026 $77,418 $44,764 $32,654
2014 $1,012 $75,903 $43,888 $32,015
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81928706

MLSListings

APN: 124-08-031