NOT LISTED FOR SALE

470 Martinsen Ct Palo Alto, CA 94306

Midtown Palo Alto Neighborhood

Estimated Value: $4,008,000 - $4,520,000

4 Beds
2 Baths
1,810 Sq Ft
$2,351/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $4,127,000 $2,280 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $26,855/month

5 Days on Market

Highlights

  • Formal Dining Room
  • Double Oven
  • Walk-In Closet
  • El Carmelo Elementary School Rated A+
  • Skylights
  • Bathtub with Shower

About This Home

As of February 2022

Nestled near the end of a quiet cul-de-sac in Palo Alto's coveted Midtown neighborhood, this wonderful single level home provides the rare combination of a prime location, exceptional floor plan, plus outstanding schools! Eat-in kitchen features tile counters, crisp white cabinetry, 5 burner Thermador gas cooktop, double ovens, microwave, recessed lights, and a butcher block topped island with skylight above. Fabulous living room is highlighted by an enchanting brick fireplace, hardwood floor, crown molding, & two expansive windows capturing views of the back garden. Primary suite features a walk-in closet & French doors to the backyard. Fourth bedroom - currently used as a family room - includes built-in cabinetry & French doors to the backyard. Rarely available private and serene cul-de-sac. Only 7 homes on Martinsen Court! Excellent location near Hoover Park & Palo Alto schools.

Last Agent to Sell the Property

Greg Celotti

Compass License #01360103 Listed on: 02/03/2022

Compass

Last Buyer's Agent

Elena Tsukanova

Compass License #02016520

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,281

Year Built

  • 1960

Lot Details

  • 7,305 Sq Ft Lot
  • Back Yard Fenced

Parking

  • 2 Car Garage

Home Design

  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,810 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Washer and Dryer

Kitchen

  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,281

Year Built

1960

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Style: Ranch
  • Age: 62
  • Listing Class: Residential
  • Structure Sq Ft: 1810
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1960

Interior Features

  • Fireplace: Living Room, Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Tile, Dishwasher, Exhaust Fan, Microwave, Oven - Double, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1810
  • Stories: 1
  • Laundry: Washer / Dryer
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Primary - Stall Shower(s), Shower And Tub, Tile

Exterior Features

  • Foundation: Raised
  • Roof: Composition
  • Fencing: Fenced Back

Garage/Parking

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

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Skylight, Walk-In Closet

Schools

  • School District: Palo Alto Unified
  • Elementary School: El Carmelo Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 312
  • Middle School: 322

Lot Info

  • Lot Acres: 0.1677
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7304.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7304.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2022
Closed on
Feb 16, 2022
Sold by
Philip W Sheehan And Gloria K Sheehan Tr
Bought by
Akabas Tal M and Akabas Polina R
Seller's Agent
Greg Celotti
Compass
Buyer's Agent
Elena Tsukanova
Compass
List Price
$3,188,000
Sold Price
$4,127,000
Premium/Discount to List
$939,000
29.45%
Current Estimated Value
$4,255,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,146
Avg. Annual Appreciation
0.76%

Purchase Details

Closed on
May 18, 2009
Sold by
Sheehan Philip W and Sheehan Gloria K
Bought by
Sheehan Philip W and Sheehan Gloria K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,500
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2003
Sold by
Sheehan Philip W and Sheehan Gloria K
Bought by
Sheehan Philip W and Sheehan Gloria K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2001
Sold by
Sheehan Philip W and Sheehan Gloria K
Bought by
Sheehan Philip W and Sheehan Gloria K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
6.63%

Purchase Details

Closed on
Dec 18, 1998
Sold by
Sheehan Philip W and Sheehan Gloria K
Bought by
Sheehan Philip W and Sheehan Gloria K

Purchase Details

Closed on
May 31, 1998
Sold by
Willam Zaner and Gerilyn Cross
Bought by
Sheehan Philip W and Sheehan Gloria K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.1%
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
Akabas Tal M $4,127,000 Chicago Title
Sheehan Philip W -- First American Title Company
Sheehan Philip W -- First American Title Company
Sheehan Philip W -- First American Title Co
Sheehan Phillip W -- First American Title Co
Sheehan Philip W -- Financial Title Company
Sheehan Philip W -- Financial Title Company
Sheehan Philip W -- --
Sheehan Philip W -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akabas Tal M $1,000,000
Previous Owner Sheehan Philip W $227,500
Previous Owner Sheehan Philip W $235,500
Previous Owner Sheehan Phillip W $322,700
Previous Owner Sheehan Philip W $338,000
Previous Owner Sheehan Philip W $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Sold $4,127,000 +29.5% $2,280 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/03/2022 02/03/22 For Sale $3,188,000 -- $1,761 / 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 $51,281 $4,449,983 $3,820,348 $629,635
2024 $51,281 $4,362,730 $3,745,440 $617,290
2023 $49,735 $4,209,540 $3,672,000 $537,540
2022 $15,303 $1,281,959 $827,560 $454,399
2021 $15,000 $1,256,824 $811,334 $445,490
2020 $14,681 $1,243,938 $803,015 $440,923
2019 $14,522 $1,219,548 $787,270 $432,278
2018 $14,125 $1,195,636 $771,834 $423,802
2017 $13,877 $1,172,193 $756,700 $415,493
2016 $13,504 $1,149,210 $741,863 $407,347
2015 $13,375 $1,131,949 $730,720 $401,229
2014 $13,177 $1,109,777 $716,407 $393,370
Source: Public Records

Agents Affiliated with this Home

  • Greg Celotti

    Seller's Agent in 2022

    Greg Celotti

    Compass

    (650) 740-1580

    3 in this area

    103 Total Sales

    Greg Celotti
    Section Image
  • Elena Tsukanova

    Buyer's Agent in 2022

    Elena Tsukanova

    Compass

    (650) 941-1111

    7 in this area

    51 Total Sales

    Elena Tsukanova
    Section Image
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Map

Source: MLSListings

MLS Number: ML81876769

MLSListings

APN: 132-20-148

California Santa Clara County Palo Alto 94306 Midtown Palo Alto

470 Martinsen Ct, Palo Alto, CA

This home is located at 470 Martinsen Ct, Palo Alto, CA 94306 since 03 February 2022 and is currently estimated at $4,255,146, approximately $2,350 per square foot. This property was built in 1960. 470 Martinsen Ct is a home located in Santa Clara County with nearby schools including El Carmelo Elementary School, Jane Lathrop Stanford Middle School, and Henry M. Gunn High School.

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