NOT LISTED FOR SALE

55 Palmer Ln Atherton, CA 94027

North Fair Oaks Neighborhood

Estimated Value: $4,191,000 - $5,287,000

4 Beds
2.5 Baths
2,920 Sq Ft
$1,590/Sq Ft Est. Value

Last Sold January 25, 2017

Last sale price $3,350,000 $1,147 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $27,697/month

112 Days on Market

Highlights

  • Heated In Ground Pool
  • 0.3 Acre Lot
  • Wood Flooring
  • Encinal Elementary School Rated A
  • Vaulted Ceiling
  • Beamed Ceilings

About This Home

As of January 2017

Surrounded by mature trees, a sun-swept lawn, and shade gardens, this serene home is a wonderful blend of old and new. This modernized circa 1935 Tudor home showcases architecture with steeply pitched rooflines, half-timbering, and exposed trusses combined with modern embellishments that add a unique artistic flair. The dramatic living room with cathedral ceilings opens to the spa-like rear grounds with pool and cascading waterfall. A gourmet kitchen and adjoining family room is perfect for 21st century living, 4 bedrooms are ideally arranged for the utmost in privacy, and a master bath is updated with luxurious style. This spacious ~13,200 SF lot is nestled in a very private setting that invites soothing relaxation. Plus, with a close-in location, this home is ever so convenient to downtown amenities, Holbrook Palmer Park as well as top-rated Menlo Park schools.

Last Agent to Sell the Property

Tom LeMieux

Compass License #01066910 Listed on: 09/12/2016

Compass

Co-Listed By

Jennifer Bitter

Compass License #01847627

Last Buyer's Agent

Michael Galli

Compass License #01852633

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 0.3 Acre Lot
  • Zoning described as R1001A

Home Design

  • Combination Foundation
  • Slab Foundation
  • Wood Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,920 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Separate Family Room
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Carport Spaces
  • No Garage
  • Off-Street Parking

Additional Features

  • Heated In Ground Pool
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 060-162-160

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 2920
  • Year Built: 1935
  • Zoning Description: R1001A
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Dishwasher, Garbage Disposal, Hood Over Range, Hookups - Gas, Oven Range - Gas, Pantry Cabinet, Refrigerator
  • Living Sq Ft: 2920
  • Stories: 2
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes

Exterior Features

  • Foundation: Combination, Concrete Perimeter, Concrete Slab
  • Pool Description: Pool - Heated, Pool - In Ground
  • Roof: Wood Shakes / Shingles
  • Pool: Yes

Garage/Parking

  • Garage Parking Features: Carport, Covered Parking, No Garage, Off-Street Parking
  • Carport Min: 2

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Open Beam Ceiling, Vaulted Ceiling

Schools

  • High School: 658

Lot Info

  • Parcel Number: 060-162-160
  • Lot Acres: 0.3030
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 13200.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Sequoia Union High
  • High School Text: Menlo-Atherton High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2021
Sold by
Johnson Gina W and Johnson Charles Andrew
Bought by
Johnson Family Revocable Trust
Current Estimated Value
$4,643,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,328,298
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 12, 2016
Closed on
Jan 17, 2017
Sold by
Carter Sara
Bought by
Johnson Andrew and Johnson Gina
Seller's Agent
Tom LeMieux
Compass
Buyer's Agent
Michael Galli
Compass
List Price
$3,895,000
Sold Price
$3,350,000
Premium/Discount to List
-$545,000
-13.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.71%
Original Mortgage
$2,500,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2010
Sold by
Carter Sara and Walne Sara
Bought by
Carter Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,000
Interest Rate
4.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 5, 2009
Sold by
Walne Geoffrey
Bought by
Carter Sara and Walne Sara

Purchase Details

Closed on
Jan 26, 2004
Sold by
Walne Geoffrey B and Walne Sara C
Bought by
Walne Geoffrey and Walne Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 1998
Sold by
Walne Geoffrey B and Walne Sara C
Bought by
Walne Geoffrey B and Walne Sara C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Johnson Family Revocable Trust -- Rosenberg Pllc
Johnson Gina W -- Rosenberg Pllc
Johnson Andrew $3,350,000 Lawyers Title Company
Carter Sara -- None Available
Carter Sara -- None Available
Walne Geoffrey -- Chicago Title Insurance Comp
Walne Geoffrey B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Gina W $2,328,298
Previous Owner Johnson Andrew $2,500,000
Previous Owner Carter Sara $269,000
Previous Owner Carter Sara $990,179
Previous Owner Walne Geoffrey $725,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2017 01/25/17 Sold $3,350,000 -14.0% $1,147 / Sq Ft
01/03/2017 01/03/17 Pending -- -- --
09/12/2016 09/12/16 For Sale $3,895,000 -- $1,334 / 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 $43,854 $3,887,958 $2,425,622 $1,462,336
2023 $43,854 $3,736,985 $2,331,433 $1,405,552
2022 $41,960 $3,663,712 $2,285,719 $1,377,993
2021 $41,138 $3,591,875 $2,240,901 $1,350,974
2020 $40,785 $3,555,046 $2,217,924 $1,337,122
2019 $40,306 $3,485,340 $2,174,436 $1,310,904
2018 $39,280 $3,417,000 $2,131,800 $1,285,200
2017 $13,999 $1,065,982 $487,573 $578,409
2016 $13,507 $1,045,081 $478,013 $567,068
2015 $13,367 $1,029,384 $470,833 $558,551
2014 $13,106 $1,008,222 $461,611 $546,611
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Tom LeMieux

    Compass

    Section Image

  • J

    Seller Co-Listing Agent in 2017

    Jennifer Bitter

    Compass

    Section Image
  • Michael Galli

    Buyer's Agent in 2017

    Michael Galli

    Compass

    (650) 248-3076

    219 Total Sales

    Michael Galli
    Section Image
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Map

Source: MLSListings

MLS Number: ML81613989

MLSListings

APN: 060-162-160

California San Mateo County Atherton 94027 North Fair Oaks

55 Palmer Ln, Atherton, CA

Not Listed for Sale

Detached

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