NOT LISTED FOR SALE

514 Santa Rita Ave Palo Alto, CA 94301

Old Palo Alto Neighborhood

Estimated Value: $6,469,000 - $7,500,000

3 Beds
2.5 Baths
2,258 Sq Ft
$3,164/Sq Ft Est. Value

Last Sold April 25, 2014

Last sale price $4,000,000 $1,771 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $43,405/month

9 Days on Market

Highlights

  • Primary Bedroom Suite
  • Family Room with Fireplace
  • Tudor Architecture
  • Walter Hays Elementary Rated A+
  • Wood Flooring
  • Formal Dining Room

About This Home

As of April 2014

Exclusive block in prestigious Old Palo Alto, home to Silicon Valley's business elite. Quiet tree-lined streets & top-rated Palo Alto schools, grades K-12. Classic Tudor with vintage features. Living room with open beamed ceiling, family & dining rooms. Master bedroom. 3 fireplaces. Hardwood floors throughout. 200 amp electric panel. 7 year old roof. Partial copper repipe. Private backyard.

Last Agent to Sell the Property

Janis Ahmadjian-Baer

Compass License #00980993 Listed on: 03/26/2014

Compass

Last Buyer's Agent

Hiep Nguyen

Intero Real Estate Services License #01441508

Intero Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $76,830

Year Built

  • Built in 1937

Lot Details

  • Fenced
  • Level Lot
  • Sprinklers on Timer
  • Zoning described as R1

Parking

  • 2 Car Garage

Home Design

  • Tudor Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,258 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 124-04-032

Home Details

Home Type

Single Family

Est. Annual Taxes

$76,830

Year Built

Built in 1937

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Tudor
  • Age: 77
  • Sale Price Per Sq Ft: 1771.48
  • Listing Class: Residential
  • Structure Sq Ft: 2258
  • Incorporated: Yes
  • Map Book Page: 791
  • Map Side Coordinate: 6
  • Map Top Coordinate: B
  • Thomas Bros Page: 791
  • Thomas Brothers: B6
  • Year Built: 1937
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Living Room, Wood Burning, Gas Starter, Yes
  • Dining Room: Formal Dining Room, Eat in Kitchen
  • Kitchen: Dishwasher, Cooktop, Garbage Disposal, Refrigerator, Ovens - 2+, Oven - Built-In
  • Living Sq Ft: 2258
  • Stories: 2
  • Bedrooms: Primary Suite / Retreat
  • Laundry: In Garage, Dryer, Washer, Gas Hookup
  • Flooring: Tile, Hardwood
  • Additional Rooms: Utility Room, Formal Entry, Basement - Partial
  • Maximum Bathrooms: 3
  • Maximum Numberof Bedrooms: 3
  • Minimum Bathrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Pool Description: Pool - No
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Patio(s), Sprinkler(s) - Front, Sprinkler(s) - Rear, Sprinklers - Auto, Fenced
  • Exterior: Stucco

Garage/Parking

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

Utilities

  • Heating System: Gas - Natural, Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 124-04-032
  • List Price per Sq Ft: 1550.04
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6600.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6600.00
  • Lot Size Area Min Search: 6600.00
  • Maximum Lot Size: 6600.00
  • Map Book: Thomas Bros

Multi Family

  • Maximum Building Height: 2
  • Minimum Building Height: 2

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2021
Sold by
Goldstein Guy and Goldstein Hila
Bought by
Goldstein Guy and Goldstein Hila
Current Estimated Value
$6,790,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$1,008,417
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$5,595,528

Purchase Details

Listed on
Mar 26, 2014
Closed on
Apr 17, 2014
Sold by
Riley Kristine
Bought by
The Goldstein Family Trust and Goldstein Hila
Seller's Agent
Janis Ahmadjian-Baer
Compass
Buyer's Agent
Hiep Nguyen
Intero Real Estate Services
List Price
$3,500,000
Sold Price
$4,000,000
Premium/Discount to List
$500,000
14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.54%
Original Mortgage
$2,000,000
Outstanding Balance
$1,501,166
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,102,779

Purchase Details

Closed on
Nov 16, 2011
Sold by
Riley Kristine L and Riley Kristine
Bought by
Riley Kristine

Purchase Details

Closed on
Mar 20, 2007
Sold by
Schump Richard A
Bought by
Riley Kristine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.13%
Mortgage Type
Credit Line Revolving
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
Goldstein Guy -- Chicago Title Company
The Goldstein Family Trust $3,999,750 Old Republic Title Company
Riley Kristine -- None Available
Riley Kristine L -- Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goldstein Guy $1,100,000
Closed Goldstein Guy $1,100,000
Open The Goldstein Family Trust $2,000,000
Previous Owner Riley Kristine $855,000
Previous Owner Riley Kristine L $729,750
Previous Owner Riley Kristine L $375,000
Previous Owner Riley Kristine L $1,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2014 04/25/14 Sold $4,000,000 +14.3% $1,771 / Sq Ft
04/04/2014 04/04/14 Pending -- -- --
03/26/2014 03/26/14 For Sale $3,500,000 -- $1,550 / 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 $76,830 $6,584,920 $4,535,691 $2,049,229
2024 $76,830 $6,455,805 $4,446,756 $2,009,049
2023 $75,707 $6,329,221 $4,359,565 $1,969,656
2022 $74,847 $6,205,120 $4,274,084 $1,931,036
2021 $73,376 $6,083,452 $4,190,279 $1,893,173
2020 $71,834 $6,021,074 $4,147,313 $1,873,761
2019 $71,051 $5,903,015 $4,065,994 $1,837,021
2018 $78,897 $6,622,286 $3,986,269 $2,636,017
2017 $77,517 $6,492,438 $3,908,107 $2,584,331
2016 $50,567 $4,238,117 $3,831,478 $406,639
2015 $48,968 $4,079,919 $3,029,340 $1,050,579
2014 $32,994 $2,732,339 $2,185,873 $546,466
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Janis Ahmadjian-Baer

    Compass

    Section Image

  • H

    Buyer's Agent in 2014

    Hiep Nguyen

    Intero Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81409827

MLSListings

APN: 124-04-032

California Santa Clara County Palo Alto 94301 Old Palo Alto

514 Santa Rita Ave, Palo Alto, CA

This home is located at 514 Santa Rita Ave, Palo Alto, CA 94301 since 26 March 2014 and is currently estimated at $7,144,913, approximately $3,164 per square foot. This property was built in 1937. 514 Santa Rita 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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