NOT LISTED FOR SALE

461 Olive Ave Palo Alto, CA 94306

Ventura Neighborhood

Estimated Value: $4,268,000 - $4,631,000

4 Beds
3 Baths
2,296 Sq Ft
$1,928/Sq Ft Est. Value

Last Sold November 05, 2020

Last sale price $3,480,000 $1,516 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $26,981/month

12 Days on Market

Highlights

  • Soaking Tub in Primary Bathroom
  • Open to Family Room
  • Walk-in Shower
  • Barron Park Elementary School Rated A+
  • Forced Air Heating and Cooling System
  • Combination Dining and Living Room

About This Home

As of November 2020

Meticulously updated Spanish stunner with the best of modern conveniences. This 4 bedroom 3 bathroom almost 2300 sq ft home with impressive open living spaces and a gorgeous entry showcases exquisite craftsmanship and a sleek modern European design. The Absolute BEST finishes !!Lighting fixtures from RH, Tiles from Porcelanosa and 12'' wide laser locked European oak floors. Thoughtfully designed floorplan with a full bed/ bath downstairs, exceptional master suite with a walk in closet upstairs and a chefs kitchen with custom built cabinets, huge eatin island and Meile appliances. The large, private backyard well-suited for outdoor enjoyment adds to the appeal of this wonderful home. Prime location in central Palo Alto, a short walk to Mayfied Soccer Complex, EZ access to tech corridor. Minutes to Stanford, Google, Facebook, Alma, CalTrain, 101 & 82. Top PA schools: Barron Park Elementary, Terman Middle and , #1 Gunn High.

Last Agent to Sell the Property

Heman Galzie

New Cal Realty, Inc. License #01422754 Listed on: 09/25/2020

Last Buyer's Agent

Andrea Capozzoli

Compass License #02044219

Compass

Home Details

Home Type

  • Single Family

Year Built

  • 1999

Lot Details

  • 7,214

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Clay Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,296 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Laminate Flooring
  • Open to Family Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Dual Sinks
  • Soaking Tub in Primary Bathroom
  • Oversized Bathtub in Primary Bathroom
  • Walk-in Shower

Additional Features

  • 7,214 Sq Ft Lot
  • Forced Air Heating and Cooling System

Home Details

Home Type

Single Family

Year Built

1999

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 2296
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1999

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Living Room
  • Dining Room: Dining Area In Living Room
  • Fireplace: Yes
  • Living Sq Ft: 2296
  • Stories: 2
  • Flooring: Laminate
  • Fireplaces Min: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Primary - Oversized Tub, Stall Shower

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Clay

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Off-Street Parking

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1656
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7212.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7212.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2021
Sold by
Ramanand Rajesh
Bought by
Ramanand Rajesh and Bansal Ruchi
Current Estimated Value
$4,426,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Outstanding Balance
$2,249,876
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$2,176,358

Purchase Details

Listed on
Sep 25, 2020
Closed on
Nov 2, 2020
Sold by
Chinar Capital Llc
Bought by
Ramanand Rajesh
Seller's Agent
Heman Galzie
New Cal Realty, Inc.
Buyer's Agent
Andrea Capozzoli
Compass
List Price
$3,288,888
Sold Price
$3,480,000
Premium/Discount to List
$191,112
5.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.84%

Purchase Details

Closed on
Mar 3, 2015
Sold by
Ghaziani Babak
Bought by
Chinar Capital Llc

Purchase Details

Closed on
Aug 12, 2014
Sold by
Gabali Christine
Bought by
Ghaziani Babak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
2.85%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 12, 2013
Sold by
Gabali Christine G and Lebaron Michael
Bought by
Gabali Christine G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2011
Sold by
Gabali Christine G
Bought by
Gabali Christine G and Lebaron Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,104,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2006
Sold by
Saraniti David W and Belford Julia
Bought by
Gabali Christine G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 1999
Sold by
Pryadko Leonid
Bought by
Belford Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.1%

Purchase Details

Closed on
Jun 1, 1998
Sold by
Gooch John Allen
Bought by
Chang Hank C and Chang Yunghwa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ramanand Rajesh -- Chicago Title
Ramanand Rajesh $3,480,000 Chicago Title
Chinar Capital Llc -- None Available
Ghaziani Babak $1,625,000 Fidelity National Title Co
Ghaziani Babak -- Fidelity National Title Co
Gabali Christine G $625,000 North American Title Company
Gabali Christine G -- Fidelity National Title Co
Gabali Christine G $1,287,000 Financial Title Company
Belford Julia -- Old Republic Title Company
Saraniti David W $812,500 Old Republic Title Company
Chang Hank C $390,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramanand Rajesh $2,500,000
Previous Owner Ghaziani Babak $1,125,000
Previous Owner Gabali Christine G $1,250,000
Previous Owner Gabali Christine G $1,104,000
Previous Owner Gabali Christine G $1,000,000
Previous Owner Saraniti David W $650,000
Previous Owner Chang Hank C $312,000
Closed Saraniti David W $81,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2020 11/05/20 Sold $3,480,000 +5.8% $1,516 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
09/25/2020 09/25/20 For Sale $3,288,888 -- $1,432 / 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 $44,386 $3,766,862 $2,814,322 $952,540
2024 $44,386 $3,693,003 $2,759,140 $933,863
2023 $43,735 $3,620,592 $2,705,040 $915,552
2022 $43,234 $3,549,600 $2,652,000 $897,600
2021 $42,384 $3,480,000 $2,600,000 $880,000
2020 $33,129 $2,733,139 $1,991,674 $741,465
2019 $32,765 $2,679,549 $1,952,622 $726,927
2018 $31,862 $2,627,010 $1,914,336 $712,674
2017 $31,304 $2,575,500 $1,876,800 $698,700
2016 $30,485 $2,525,000 $1,840,000 $685,000
2015 $20,028 $1,625,000 $812,500 $812,500
2014 $17,310 $1,406,607 $847,026 $559,581
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2020

    Heman Galzie

    New Cal Realty, Inc.

  • A

    Buyer's Agent in 2020

    Andrea Capozzoli

    Compass

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Map

Source: MLSListings

MLS Number: ML81812495

MLSListings

APN: 132-37-049

California Santa Clara County Palo Alto 94306 Ventura

461 Olive Ave, Palo Alto, CA

Not Listed for Sale

Detached

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