NOT LISTED FOR SALE

539 Madison Way Palo Alto, CA 94303

Duveneck-Saint Francis Neighborhood

Estimated Value: $6,327,000 - $6,625,000

4 Beds
3 Baths
3,450 Sq Ft
$1,860/Sq Ft Est. Value

Last Sold August 12, 2014

Last sale price $3,562,500 $1,033 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $39,308/month

36 Days on Market

Highlights

  • Primary Bedroom Suite
  • Living Room with Fireplace
  • Breakfast Area or Nook
  • Duveneck Elementary School Rated A+
  • Steam Shower
  • Formal Dining Room

About This Home

As of August 2014

Tucked away in a quiet Duveneck neighborhood, this mid-century rancher has been transformed into a home of whimsy and elegance. Remodeled extensively, with custom finishes throughout the home. Skylights & windows take advantage of the home's excellent orientation, flooding it with natural light. A quintessential Palo Alto home, within walking distance of schools, parks and community amenities.

Last Agent to Sell the Property

Michael Dreyfus

Golden Gate Sotheby's International Realty License #01121795 Listed on: 06/12/2014

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Denise Simons

Compass License #01376733

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,824

Year Built

  • Built in 1949

Lot Details

  • Zoning described as R1

Parking

  • 2 Car Detached Garage

Home Design

  • Shake Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,450 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • 3 Full Bathrooms
  • Bathtub
  • Steam Shower
  • Walk-in Shower

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 003-13-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,824

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Age: 65
  • Sale Price Per Sq Ft: 1032.61
  • Listing Class: Residential
  • Structure Sq Ft: 3450
  • Incorporated: Yes
  • Map Book Page: 791
  • Map Side Coordinate: 3
  • Map Top Coordinate: C
  • Thomas Bros Page: 791
  • Thomas Brothers: C3
  • Year Built: 1949
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Living Room, Wood Burning, Yes
  • Dining Room: Formal Dining Room, Breakfast Nook
  • Living Sq Ft: 3450
  • Stories: 1
  • Bedrooms: Primary Suite / Retreat
  • Maximum Bathrooms: 3
  • Maximum Numberof Bedrooms: 4
  • Minimum Bathrooms: 3
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Tubs - 2+, Stall Shower - 2+, Steam Shower

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Pool Description: Pool - No
  • Roof: Shake

Garage/Parking

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

Utilities

  • Cooling System: Central AC
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Schools

  • School District: Palo Alto Unified
  • Elementary School: Duveneck Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 311
  • Middle School: 329

Lot Info

  • Parcel Number: 003-13-007
  • List Price per Sq Ft: 1158.84
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 12000.00
  • Lot Size Area Min Search: 12000.00
  • Maximum Lot Size: 12000.00
  • Map Book: Thomas Bros

Multi Family

  • Maximum Building Height: 1
  • Minimum Building Height: 1

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Duveneck Elementary
  • High School Text: Palo Alto High
  • Middle School Text: David Starr Jordan Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2016
Sold by
Wolf Stanley C R and Wolf Lynn L Shiau
Bought by
Wolf Stanley and Wolf Lynn Ling Yung Shiau
Current Estimated Value
$6,418,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,604,164
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$4,814,467

Purchase Details

Listed on
Jun 12, 2014
Closed on
Aug 7, 2014
Sold by
Wolfe M D Elliott S and Wolfe Barbara R
Bought by
Wolf Stanley C R and Shiau Wolf Lynn L
Seller's Agent
Michael Dreyfus
Golden Gate Sotheby's International Realty
Buyer's Agent
Denise Simons
Compass
List Price
$4,500,000
Sold Price
$3,562,500
Premium/Discount to List
-$937,500
-20.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%
Original Mortgage
$2,000,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 2012
Sold by
Wolfe Elliott S and Wolfe Barbara R
Bought by
Wolfe Md Elliott S and Wolfe Barbara R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,555,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2005
Sold by
Wolfe Elliott S and Wolfe Barbara R
Bought by
Wolfe Md Elliott S and Wolfe Barbara R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,535,000
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wolf Stanley -- None Available
Wolf Stanley C R $3,562,250 Chicago Title Company
Wolfe Md Elliott S -- Chicago Title Company
Wolfe Md Elliott S -- Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolf Stanley C R $2,000,000
Closed Wolf Stanley C R $2,000,000
Previous Owner Wolfe Md Elliott S $1,555,000
Previous Owner Wolfe Md Elliott S $1,540,000
Previous Owner Wolfe Md Elliott S $1,535,000
Previous Owner Wolfe Elliott S $132,000
Previous Owner Wolfe Elliott S $1,400,000
Previous Owner Wolfe Elliott S $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2014 08/14/14 Off Market $3,562,500 -- --
08/12/2014 08/12/14 Sold $3,562,500 -10.9% $1,033 / Sq Ft
07/18/2014 07/18/14 Pending -- -- --
07/09/2014 07/09/14 Price Changed $3,998,000 -11.2% $1,159 / Sq Ft
06/12/2014 06/12/14 For Sale $4,500,000 -- $1,304 / 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 $52,824 $4,506,931 $4,362,713 $144,218
2024 $52,824 $4,418,561 $4,277,170 $141,391
2023 $52,050 $4,331,923 $4,193,304 $138,619
2022 $51,454 $4,246,984 $4,111,083 $135,901
2021 $50,440 $4,163,711 $4,030,474 $133,237
2020 $49,385 $4,121,018 $3,989,147 $131,871
2019 $48,843 $4,040,215 $3,910,929 $129,286
2018 $47,485 $3,960,996 $3,834,245 $126,751
2017 $46,652 $3,883,330 $3,759,064 $124,266
2016 $45,434 $3,807,187 $3,685,357 $121,830
2015 $44,997 $3,750,000 $3,630,000 $120,000
2014 $2,811 $174,029 $51,996 $122,033
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Michael Dreyfus

    Golden Gate Sotheby's International Realty

    Section Image
  • Denise Simons

    Buyer's Agent in 2014

    Denise Simons

    Compass

    (650) 269-0210

    1 in this area

    39 Total Sales

    Denise Simons
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81420830

MLSListings

APN: 003-13-007

California Santa Clara County Palo Alto 94303 Duveneck-Saint Francis

539 Madison Way, Palo Alto, CA

This home is located at 539 Madison Way, Palo Alto, CA 94303 since 12 June 2014 and is currently estimated at $6,418,631, approximately $1,860 per square foot. This property was built in 1949. 539 Madison Way is a home located in Santa Clara County with nearby schools including Duveneck Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes