NOT LISTED FOR SALE

Estimated Value: $5,480,000 - $6,119,808

3 Beds
2.5 Baths
2,721 Sq Ft
$2,178/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $5,600,000 $2,058 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $36,051/month

20 Days on Market

Highlights

  • Wood Flooring
  • Mediterranean Architecture
  • Formal Dining Room
  • Walter Hays Elementary Rated A+
  • Den
  • 2 Car Detached Garage

About This Home

As of June 2024

Rare Opportunity In Prestigious Old Palo Alto Located in the heart of Old Palo Alto, here is your rare opportunity to build your own custom dream home. Whether you are ready to build right now or plan to build quite some time in the future, you can use this real estate right now. This prime real estate parcel has two houses and a free-standing garage. The front house is a delightful mediterranean style house with stucco walls topped with decorative architectural details and red clay tile window eaves. Behind it, separated by a lawn, is the free standing garage with an attached arbor over a patio that faces the front house. Behind the garage is the second house, a one bedroom wood-shingled home. Both houses are built in the style of early Palo Alto homes and are in excellent condition. If you like older traditional style homes, you would be reluctant to replace them.

Last Agent to Sell the Property

Juliana Lee

JLEE Realty License #70010194 Listed on: 04/18/2024

Co-Listed By

Sharon Lee

JLEE Realty License #01951707

Last Buyer's Agent

Dan Luo

Nu Level Realty, Inc. License #01984258

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,717

Year Built

  • Built in 1927

Lot Details

  • 10,001 Sq Ft Lot
  • Wood Fence
  • Level Lot
  • Sprinkler System
  • Zoning described as R1

Parking

  • 2 Car Detached Garage

Home Design

  • Mediterranean Architecture
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,721 Sq Ft Home
  • 1-Story Property
  • Formal Dining Room
  • Den
  • Crawl Space
  • Electric Dryer Hookup

Kitchen

  • Built-In Self-Cleaning Oven
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Additional Homes

  • 1,038 SF Accessory Dwelling Unit

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 124-06-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,717

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean
  • Age: 97
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 1038
  • Structure Sq Ft: 2721
  • Year Built: 1927
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Other, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric, Oven - Self Cleaning, Oven Range - Built-In
  • Living Sq Ft: 2721
  • Stories: 1
  • Laundry: Electricity Hookup (110V), Electricity Hookup (220V)
  • Flooring: Hardwood, Laminate
  • Additional Rooms: Den / Study / Office
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Shower and Tub

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition, Tar and Gravel
  • Yard/Grounds: Sprinklers - Lawn
  • Fencing: Wood
  • Construction Type: Wood

Garage/Parking

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

Utilities

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

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

  • Lot Description: Grade - Level
  • Parcel Number: 124-06-021
  • Lot Acres: 0.2296
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10000.00
  • Soil: Unknown

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: Guest House

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

Closed on
Apr 3, 2025
Sold by
Mingjie Jiang Revocable Trust and Jiang Mingjie
Bought by
Wen Hai Hua and Jiang Mingjie
Current Estimated Value
$5,926,452

Purchase Details

Listed on
Apr 18, 2024
Closed on
Jul 26, 2024
Sold by
Jiang Mingjie
Bought by
Mingjie Jiang Revocable Trust and Jiang
Seller's Agent
Juliana Lee
JLEE Realty
Buyer's Agent
Dan Luo
Nu Level Realty, Inc.
List Price
$5,888,888
Sold Price
$5,600,000
Premium/Discount to List
-$288,888
-4.91%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%
Original Mortgage
$2,750,000
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 18, 2024
Closed on
Jun 3, 2024
Sold by
Pizarev Survivors Trust and Pizarev Vladimir
Bought by
Jiang Mingjie
Seller's Agent
Juliana Lee
JLEE Realty
Buyer's Agent
Dan Luo
Nu Level Realty, Inc.
List Price
$5,888,888
Sold Price
$5,600,000
Premium/Discount to List
-$288,888
-4.91%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,750,000
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 18, 2024
Closed on
May 30, 2024
Sold by
Wen Haihua
Bought by
Jiang Mingjie
Seller's Agent
Juliana Lee
JLEE Realty
Buyer's Agent
Dan Luo
Nu Level Realty, Inc.
List Price
$5,888,888
Sold Price
$5,600,000
Premium/Discount to List
-$288,888
-4.91%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,750,000
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2011
Sold by
Pizarev Nathalie and Pizarev Vladimir A
Bought by
Pizarev Nathalie

Purchase Details

Closed on
Apr 26, 2004
Sold by
Pizarev Alexander M and Pizarev Nathalie
Bought by
Pizarev Alexander M and Pizarev Nathalie
Source: Public Records

Range of Values:

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Average Value
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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
Wen Hai Hua -- None Listed On Document
Mingjie Jiang Revocable Trust -- None Listed On Document
Jiang Mingjie $5,600,000 First American Title
Jiang Mingjie -- First American Title
Pizarev Nathalie -- None Available
Pizarev Alexander M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jiang Mingjie $2,750,000
Previous Owner Pizarev Alexander M $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $5,600,000 -4.9% $2,058 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $5,888,888 -- $2,164 / 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 $53,717 $5,712,000 $5,508,000 $204,000
2024 $53,717 $4,563,193 $4,457,073 $106,120
2023 $53,717 $4,473,720 $4,369,680 $104,040
2022 $52,256 $4,386,000 $4,284,000 $102,000
2021 $1,710 $140,384 $63,360 $77,024
2020 $1,673 $138,946 $62,711 $76,235
2019 $1,655 $136,223 $61,482 $74,741
2018 $1,622 $133,553 $60,277 $73,276
2017 $1,592 $130,936 $59,096 $71,840
2016 $1,538 $128,370 $57,938 $70,432
2015 $1,522 $126,443 $57,068 $69,375
2014 $1,498 $123,968 $55,951 $68,017
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81961982

MLSListings

APN: 124-06-021