NOT LISTED FOR SALE

511 Washington Ave Palo Alto, CA 94301

Old Palo Alto Neighborhood

Estimated Value: $7,502,000 - $8,782,000

5 Beds
3.5 Baths
2,998 Sq Ft
$2,649/Sq Ft Est. Value

Last Sold November 13, 2023

Last sale price $7,608,000 $2,538 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $50,728/month

125 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Formal Dining Room
  • Walter Hays Elementary Rated A+
  • Granite Countertops
  • 4 Car Detached Garage

About This Home

As of November 2023

This charming two-story Cape Cod-style home sits on a quiet cul-de-sac on one of the best blocks in Old Palo Alto. This is a rare opportunity to own an approximately 13,000 sq ft lot that offers perfect dimensions for a new build. Flooded with natural light, this home includes a spacious living room with fireplace, a formal dining room with access to the rear yard, a kitchen that opens to an inviting family room, and an office or 5th bedroom on the first floor. The second floor includes a primary bedroom with a large walk-in closet and balcony and 3 additional bedrooms with dormer windows. A second family room offers balcony access. The large backyard has two patios and a putting green for golfers. The property also includes a one-bedroom, one-bathroom ADU and a 4-car garage. Neighborhood schools include Walter Hays Elementary, Greene Middle, and Palo Alto High.

Last Agent to Sell the Property

Hanna Shacham

Coldwell Banker Realty License #01073658 Listed on: 06/21/2023

Coldwell Banker Realty

Last Buyer's Agent

Xin Jiang

Compass License #01961451

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $89,391

Year Built

  • Built in 1947

Lot Details

  • 0.3 Acre Lot
  • Zoning described as R1

Parking

  • 4 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,998 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Electric Cooktop
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry in Utility Room
  • Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 124-04-029

Home Details

Home Type

Single Family

Est. Annual Taxes

$89,391

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • Subclass: Single Family Home
  • Style: Cape Cod
  • Age: 76
  • Listing Class: Residential
  • Structure Sq Ft: 2998
  • Year Built: 1947
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Living Room
  • Dining Room: Eat in Kitchen, Formal Dining Room
  • Kitchen: Cooktop - Electric, Countertop - Granite, Dishwasher, Exhaust Fan, Island, Refrigerator
  • Living Sq Ft: 2998
  • Stories: 2
  • Laundry: In Utility Room, Washer / Dryer
  • Flooring: Carpet, Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Max: 4
  • Garage Min: 4
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

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: 124-04-029
  • Lot Acres: 0.2980
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12980.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12980.00

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

Listed on
Jun 21, 2023
Closed on
Nov 7, 2023
Sold by
Yoshida Blofeld Holdings Llc
Bought by
Cheng Zhitao
Seller's Agent
Hanna Shacham
Coldwell Banker Realty
Buyer's Agent
Xin Jiang
Compass
List Price
$8,950,000
Sold Price
$7,608,000
Premium/Discount to List
-$1,342,000
-14.99%
Views
189
Current Estimated Value
$7,943,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,017
Avg. Annual Appreciation
2.49%

Purchase Details

Listed on
May 12, 2022
Closed on
Jun 23, 2022
Sold by
Scott Plemons Living Trust
Bought by
Yoshida Blofeld Holdings Llc
Seller's Agent
Brian Chancellor
Christie's International Real Estate Sereno
Buyer's Agent
Hanna Shacham
Coldwell Banker Realty
List Price
$7,998,000
Sold Price
$7,900,000
Premium/Discount to List
-$98,000
-1.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.71%

Purchase Details

Closed on
Feb 2, 2022
Sold by
Plemons 1988 Trust
Bought by
Scott Plemons Living Trust

Purchase Details

Closed on
Dec 7, 2010
Sold by
Plemons Tommy W
Bought by
Plemons Tommy W and Plemons Betty N

Purchase Details

Closed on
Aug 28, 2006
Sold by
Plemons Tommy W and Plemons Betty N
Bought by
Plemons Betty N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 20, 2000
Sold by
Plemons Tommie W
Bought by
Plemons Tommy Wayne

Purchase Details

Closed on
Feb 13, 1998
Sold by
Plemons Tommy W and Plemons Betty N
Bought by
Plemons Tommie W and Plemons Betty N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.97%
Source: Public Records

Range of Values:

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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
Cheng Zhitao $7,608,000 Chicago Title
Yoshida Blofeld Holdings Llc $7,900,000 Chicago Title
Scott Plemons Living Trust -- Biorn Robert A
Plemons Tommy W -- None Available
Plemons Betty N -- Stewart Title Of Ca Inc
Plemons Tommy W -- Stewart Title Of Ca Inc
Plemons Tommy Wayne -- --
Plemons Betty N -- --
Plemons Tommie W -- --
Plemons Tommie W -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Plemons Tommy W $440,000
Previous Owner Plemons Tommie W $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2023 11/13/23 Sold $7,608,000 -15.0% $2,538 / Sq Ft
10/24/2023 10/24/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $8,950,000 +13.3% $2,985 / Sq Ft
06/30/2022 06/30/22 Sold $7,900,000 -1.2% $2,635 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $7,998,000 -- $2,668 / 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 $89,391 $7,760,160 $7,344,000 $416,160
2024 $89,391 $7,608,000 $7,200,000 $408,000
2023 $95,244 $8,058,000 $7,650,000 $408,000
2022 $76,827 $6,450,000 $6,200,000 $250,000
2021 $2,884 $238,989 $67,842 $171,147
2020 $2,905 $236,540 $67,147 $169,393
2019 $2,874 $231,903 $65,831 $166,072
2018 $2,808 $227,357 $64,541 $162,816
2017 $2,760 $222,900 $63,276 $159,624
2016 $2,676 $218,531 $62,036 $156,495
2015 $2,651 $215,250 $61,105 $154,145
2014 $2,611 $211,035 $59,909 $151,126
Source: Public Records

Agents Affiliated with this Home

  • Hanna Shacham

    Seller's Agent in 2023

    Hanna Shacham

    Coldwell Banker Realty

    (650) 752-0767

    5 in this area

    30 Total Sales

    Hanna Shacham
    Section Image
  • Xin Jiang

    Buyer's Agent in 2023

    Xin Jiang

    Compass

    (650) 283-8379

    5 in this area

    57 Total Sales

    Xin Jiang
    Section Image
  • Brian Chancellor

    Seller's Agent in 2022

    Brian Chancellor

    Sereno Group

    (650) 303-5511

    7 in this area

    89 Total Sales

    Brian Chancellor
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81925730

MLSListings

APN: 124-04-029

California Santa Clara County Palo Alto 94301 Old Palo Alto

511 Washington Ave, Palo Alto, CA

This home is located at 511 Washington Ave, Palo Alto, CA 94301 since 21 June 2023 and is currently estimated at $7,943,017, approximately $2,649 per square foot. This property was built in 1947. 511 Washington Ave is a home located in Santa Clara County with nearby schools including Walter Hays Elementary, Frank S. Greene Jr. Middle, and Palo Alto High School.

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