NOT LISTED FOR SALE

459 Ruthven Ave Palo Alto, CA 94301

Downtown North Neighborhood

Estimated Value: $4,359,000 - $8,941,000

-- Bed
5 Baths
2,175 Sq Ft
$2,990/Sq Ft Est. Value

Last Sold May 29, 2014

Last sale price $2,850,000 $1,310 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $45,781/month

13 Days on Market

Highlights

  • Forced Air Heating System
  • 1-Story Property
  • 3-minute walk to Hopkins Creekside Park
  • Addison Elementary School Rated A+

About This Home

As of May 2014

Great opportunity to develop or remodel in fabulous Downtown PA. Single fam hm w/cottage separated by 2 car carport on 7500' lot zoned R-2. Front craftsman hm approx 1500', wood detail w/beam ceiling in DR, hrdwd flrs, lg kitchen, inside utilities & lg basement w/room for storage. Cozy cottage w/1 bedroom, 1 bath approx 700-800'. LR/DR combo, private yard, inside utilities. Excellent PA schools.

Last Agent to Sell the Property

Alan Loveless

Coldwell Banker Realty License #00444835 Listed on: 05/14/2014

Coldwell Banker Realty

Last Buyer's Agent

Zachary Trailer

Coldwell Banker Realty License #01371338

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $75,591

Year Built

  • 1905

Lot Details

  • 7,492

Parking

  • Carport

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,175 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $46,200

Community Details

Overview

  • 2 Units
  • 2,175 Sq Ft Building

Building Details

  • Gross Income $46,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$75,591

Year Built

1905

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 109
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 1310.34
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2175
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1905

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 2175
  • Stories: 1
  • Laundry: Washer/Dryer - All Units, Laundry Area - In All Units

Exterior Features

  • Roof: Shingle, Composition

Garage/Parking

  • Garage Parking Features: Carport

Utilities

  • Heating System: Wall Furnace, Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • 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

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 50.87

Multi Family

  • Income Annual Gross: 46200.00
  • Income Annual Rental: 46200
  • Income Gross Scheduled: 46200
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Maintenance - Repair, Fee - Property Tax
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2014
Closed on
May 27, 2014
Sold by
Kramer Paul F
Bought by
Gassee Family Living Trust and Gassee Brigitte
Seller's Agent
Alan Loveless
Coldwell Banker Realty
Buyer's Agent
Zachary Trailer
Coldwell Banker Realty
List Price
$2,350,000
Sold Price
$2,850,000
Premium/Discount to List
$500,000
21.28%
Current Estimated Value
$7,211,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,361,143
Avg. Annual Appreciation
8.16%
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
Gassee Family Living Trust $2,850,000 Old Republic Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2014 05/29/14 Sold $2,850,000 +21.3% $1,310 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
05/14/2014 05/14/14 For Sale $2,350,000 -- $1,080 / 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 $75,591 $6,554,386 $3,432,412 $3,121,974
2024 $75,591 $6,425,869 $3,365,110 $3,060,759
2023 $74,491 $6,299,873 $3,299,128 $3,000,745
2022 $74,505 $6,176,347 $3,234,440 $2,941,907
2021 $73,040 $6,055,243 $3,171,020 $2,884,223
2020 $71,505 $5,993,155 $3,138,506 $2,854,649
2019 $74,248 $6,172,157 $3,076,967 $3,095,190
2018 $72,807 $6,105,003 $3,070,503 $3,034,500
2017 $68,024 $5,687,798 $3,010,298 $2,677,500
2016 $36,875 $3,070,063 $2,951,273 $118,790
2015 $35,140 $2,906,942 $2,616,248 $290,694
2014 $2,092 $113,229 $57,652 $55,577
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Alan Loveless

    Coldwell Banker Realty

    Section Image

  • Z

    Buyer's Agent in 2014

    Zachary Trailer

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81416732

MLSListings

APN: 120-09-051

California Santa Clara County Palo Alto 94301 Downtown North

459 Ruthven Ave, Palo Alto, CA

This home is located at 459 Ruthven Ave, Palo Alto, CA 94301 since 14 May 2014 and is currently estimated at $6,504,325, approximately $2,990 per square foot. This property was built in 1905. 459 Ruthven Ave is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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