Seller's Agent in 2024
Michael Repka
Deleon Realty
(650) 488-7325
47 in this area
781 Total Sales
534 Santa Rita Ave Palo Alto, CA 94301
Old Palo Alto NeighborhoodEstimated Value: $4,696,679 - $5,731,000
3
Beds
2
Baths
2,532
Sq Ft
$2,008/Sq Ft
Est. Value
Highlights
- Primary Bedroom Suite
- Fireplace in Primary Bedroom
- English Architecture
- Walter Hays Elementary Rated A+
- Vaulted Ceiling
- Wood Flooring
About This Home
As of May 2024This 3-bedroom home emanates the warmth and charm synonymous with Old Palo Alto. A gated garden pathway welcomes you, opening to more than 2,500 square feet of meticulously maintained living space. Retaining its original character, yet thoughtfully updated for modern living, the interior features hardwood floors, white millwork, and abundant natural light. With multiple fireplaces, a spacious living room, and dining area seamlessly connecting to the outdoors, this home offers ideal venues for both entertaining and daily living. Outside, a gazebo anchors the serene backyard adorned with vibrant foliage, and this home also includes a 2-car garage. Conveniently located just moments from the Midtown Shopping Center and within easy reach of California Avenue, Stanford University, and Caltrain, this home also enjoys close proximity to University Avenue and is just a short walk from esteemed schools such as Walter Hays Elementary and Greene Middle (buyer to verify eligibility).
Last Buyer's Agent
April Li
Keller Williams Palo Alto License #02098941
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,063
Year Built
- Built in 1936
Lot Details
- 6,599 Sq Ft Lot
- Gated Home
- Property is Fully Fenced
- Wood Fence
- Level Lot
- Sprinklers on Timer
- Back Yard
- Zoning described as R1
Parking
- 2 Car Garage
- Garage Door Opener
- On-Street Parking
Home Design
- English Architecture
- Brick Exterior Construction
- Wood Frame Construction
- Wood Shingle Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 2,532 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Skylights
- Wood Burning Fireplace
- Mud Room
- Living Room with Fireplace
- 2 Fireplaces
- Formal Dining Room
- Den
- Neighborhood Views
- Crawl Space
- Attic
Kitchen
- Built-In Self-Cleaning Double Oven
- Electric Oven
- Electric Cooktop
- Dishwasher
- Tile Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Bathroom on Main Level
- 2 Full Bathrooms
- Dual Sinks
- Bathtub Includes Tile Surround
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Balcony
- Gazebo
- Shed
Utilities
- Zoned Heating
- Floor Furnace
- Vented Exhaust Fan
- Radiant Heating System
- Thermostat
- 220 Volts
Listing and Financial Details
- Assessor Parcel Number 124-04-034
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 17, 2024
Closed on
May 22, 2024
Sold by
Ron And Avy Nielsen 1992 Trust and Nielsen Eric A
Bought by
Wang Baosheng and Li Yun
Seller's Agent
Michael Repka
Deleon Realty
Buyer's Agent
April Li
Keller Williams Palo Alto
List Price
$4,488,000
Sold Price
$4,700,000
Premium/Discount to List
$212,000
4.72%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$435,566
Avg. Annual Appreciation
5.58%
Original Mortgage
$2,000,000
Outstanding Balance
$1,981,927
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$3,037,415
Purchase Details
Closed on
Aug 11, 2010
Sold by
Nielsen Avanelle E
Bought by
Nielsen Avanelle E and Nielsen Eric A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
4.51%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 19, 1997
Sold by
Nielsen Avanelle E
Bought by
Nielsen Avanelle E and Nielsen Eric A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wang Baosheng | $4,700,000 | First American Title | |
| Nielsen Avanelle E | -- | Old Republic Title Company | |
| Nielsen Avanelle E | -- | Old Republic Title Company | |
| Nielsen Avanelle E | -- | -- | |
| Nielsen Avanelle E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wang Baosheng | $2,000,000 | |
| Previous Owner | Nielsen Avanelle E | $370,000 | |
| Previous Owner | Nielsen Avanelle E | $75,100 | |
| Previous Owner | Nielsen Avanelle E | $191,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2024 05/29/24 | Sold | $4,700,000 | +4.7% | $1,856 / Sq Ft |
| 04/25/2024 04/25/24 | Pending | -- | -- | -- |
| 04/17/2024 04/17/24 | For Sale | $4,488,000 | -- | $1,773 / Sq Ft |
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 | $3,063 | $4,794,000 | $4,488,000 | $306,000 |
| 2024 | $3,063 | $249,637 | $52,739 | $196,898 |
| 2023 | $3,018 | $244,743 | $51,705 | $193,038 |
| 2022 | $2,982 | $239,945 | $50,692 | $189,253 |
| 2021 | $2,922 | $235,242 | $49,699 | $185,543 |
| 2020 | $2,861 | $232,831 | $49,190 | $183,641 |
| 2019 | $2,831 | $228,267 | $48,226 | $180,041 |
| 2018 | $2,766 | $223,792 | $47,281 | $176,511 |
| 2017 | $2,718 | $219,404 | $46,354 | $173,050 |
| 2016 | $2,636 | $215,103 | $45,446 | $169,657 |
| 2015 | $2,611 | $211,873 | $44,764 | $167,109 |
| 2014 | $2,572 | $207,724 | $43,888 | $163,836 |
Source: Public Records
Agents Affiliated with this Home
-
-
A
Buyer's Agent in 2024
April Li
Keller Williams Palo Alto
Map
Source: MLSListings
MLS Number: ML81961751
APN: 124-04-034
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