S
Seller's Agent in 2016
Stephanie Hewitt
Compass
(650) 619-7885
1 in this area
3 Total Sales
481 Washington Ave Palo Alto, CA 94301
Old Palo Alto NeighborhoodEstimated Value: $8,070,000 - $9,408,000
5
Beds
6
Baths
4,837
Sq Ft
$1,816/Sq Ft
Est. Value
Highlights
- Wine Cellar
- Home Theater
- Atrium Room
- Walter Hays Elementary Rated A+
- Skyline View
- Two Way Fireplace
About This Home
As of September 2016This elegant custom home is situated on the most sought-after block in premium Old Palo Alto! Lushly landscaped and awash with natural light, the inviting gardens and interior spaces are effortlessly integrated to create an exceptional setting for both formal entertaining and casual California living. Double mahogany entry doors with leaded glass panes open to a large foyer, ten foot ceilings, double and triple crown molding, and six inch baseboards throughout. Dramatic fireplaces with grand limestone mantels, and extensive use of select marble, granite and designer tiles, and artfully placed custom leaded glass windows to the luxurious ambiance. A Chef's Kitchen/Family Room, Media Room, Wine Cellar, a spectacular Ball Room of grand proportions are top of the line all the way! The peaceful Atrium with a two-story wall fountain creates a perfect quiet space. Within easy access to Stanford, dining, commute routes and airports, this property offers the ultimate in Silicon Valley living!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $97,222
Year Built
- Built in 2011
Lot Details
- 7,579 Sq Ft Lot
- Gated Home
- Back Yard Fenced
- Level Lot
- Sprinkler System
- Zoning described as R1929
Parking
- 1 Car Detached Garage
- Garage Door Opener
- Electric Gate
- Secured Garage or Parking
Home Design
- Mediterranean Architecture
- Wood Frame Construction
- Ceiling Insulation
- Slate Roof
Interior Spaces
- 4,837 Sq Ft Home
- 2-Story Property
- Wet Bar
- Entertainment System
- Wired For Sound
- High Ceiling
- Skylights
- 4 Fireplaces
- Two Way Fireplace
- Fireplace With Gas Starter
- Clean Air Certified Fireplace
- Double Pane Windows
- Formal Entry
- Wine Cellar
- Great Room
- Formal Dining Room
- Home Theater
- Atrium Room
- Skyline Views
- Finished Basement
- Sump Pump
- Security Gate
Kitchen
- Open to Family Room
- Eat-In Kitchen
- Built-In Self-Cleaning Oven
- Range Hood
- Warming Drawer
- Ice Maker
- Dishwasher
- ENERGY STAR Qualified Appliances
- Kitchen Island
- Marble Countertops
- Trash Compactor
- Disposal
Flooring
- Carpet
- Marble
- Tile
- Travertine
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- 6 Full Bathrooms
- Marble Bathroom Countertops
- Solid Surface Bathroom Countertops
- Granite Bathroom Countertops
- Dual Sinks
- Low Flow Toliet
- Hydromassage or Jetted Bathtub
- Bathtub with Shower
- Steam Shower
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Balcony
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Gas
- Thermostat
- 220 Volts
- Cable TV Available
Community Details
- Courtyard
Listing and Financial Details
- Assessor Parcel Number 124-10-004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 23, 2016
Sold by
Washington Ave Llc
Bought by
Sethi Ravinder S and Sethi Risham
Current Estimated Value
Purchase Details
Closed on
Aug 24, 2015
Sold by
Sethi Ravinder S and Sethi Risham
Bought by
Yan Zhi
Purchase Details
Closed on
Jan 3, 2012
Sold by
Sethi Ravinder S and Sethi Risham
Bought by
Washington Ave Llc
Purchase Details
Closed on
Oct 6, 2009
Sold by
Lundgren Donald E
Bought by
Sethi Ravinder S and Sethi Risham
Purchase Details
Closed on
Mar 7, 2006
Sold by
Lundgren Donald E
Bought by
Lundgren Donald E
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sethi Ravinder S | -- | None Available | |
| Yan Zhi | $7,200,000 | Old Republic Title Company | |
| Washington Ave Llc | -- | None Available | |
| Sethi Ravinder S | -- | Old Republic Title Company | |
| Lundgren Donald E | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lundgren Donald E | $582,000 | |
| Previous Owner | Lundgren Donald E | $600,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/01/2016 09/01/16 | Sold | $7,200,000 | -8.3% | $1,489 / Sq Ft |
| 08/20/2016 08/20/16 | Pending | -- | -- | -- |
| 05/06/2016 05/06/16 | For Sale | $7,850,000 | 0.0% | $1,623 / Sq Ft |
| 07/09/2013 07/09/13 | Rented | $22,000 | 0.0% | -- |
| 07/09/2013 07/09/13 | Under Contract | -- | -- | -- |
| 04/25/2013 04/25/13 | For Rent | $22,000 | -- | -- |
Source: MLSListings
Tax History Compared to Growth
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 | $97,222 | $8,356,213 | $5,222,635 | $3,133,578 |
| 2024 | $97,222 | $8,192,367 | $5,120,231 | $3,072,136 |
| 2023 | $95,803 | $8,031,734 | $5,019,835 | $3,011,899 |
| 2022 | $94,718 | $7,874,250 | $4,921,407 | $2,952,843 |
| 2021 | $92,856 | $7,719,854 | $4,824,909 | $2,894,945 |
| 2020 | $90,899 | $7,640,697 | $4,775,436 | $2,865,261 |
| 2019 | $89,910 | $7,490,880 | $4,681,800 | $2,809,080 |
| 2018 | $87,394 | $7,344,000 | $4,590,000 | $2,754,000 |
| 2017 | $85,865 | $7,200,000 | $4,500,000 | $2,700,000 |
| 2016 | $46,655 | $3,904,441 | $1,962,738 | $1,941,703 |
| 2015 | $46,208 | $3,845,793 | $1,933,256 | $1,912,537 |
| 2014 | $45,358 | $4,507,900 | $1,410,200 | $3,097,700 |
Source: Public Records
Agents Affiliated with this Home
-
Stephanie Hewitt
-
Carol Li
Buyer's Agent in 2016
Carol Li
Compass
(650) 281-8368
6 in this area
40 Total Sales
-
T
Buyer's Agent in 2013
Takami Hamadani
HomeSmart Bay Area
Map
Source: MLSListings
MLS Number: ML81594837
APN: 124-10-004
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