NOT LISTED FOR SALE

553 Hilbar Ln Palo Alto, CA 94303

Duveneck-Saint Francis Neighborhood

Estimated Value: $4,238,783 - $4,626,000

4 Beds
3 Baths
1,997 Sq Ft
$2,259/Sq Ft Est. Value

Last Sold April 05, 2018

Last sale price $3,498,000 $1,752 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $28,432/month

8 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Balcony
  • Duveneck Elementary School Rated A+
  • Neighborhood Views
  • Skylights in Kitchen

About This Home

As of April 2018

Sun-Lit Charm within Prime Location. Residing in a prized location, this bright 4 bedroom, 3 bath home of nearly 2,000 sq. ft. (per county) enjoys a lot of over 7,000 sq. ft. (per county). Remarkable updates feature fresh style throughout, while skylights and extensive windows fill the interior with inviting warmth. This sought-after setting permits convenient commuting with easy access to US 101, while Eleanor Pardee Park and downtown recreation along vibrant University Avenue may be reached within biking distance. Children may stroll to excellent education at Duveneck Elementary (#2 Elementary School in California), Jordan Middle (#4 Middle School in California), and Palo Alto High (#5 High School in California) (buyer to verify eligibility).

Last Agent to Sell the Property

Michael Repka

Deleon Realty License #70010006 Listed on: 02/28/2018

Last Buyer's Agent

Yu-En Tsai

Bay East AOR License #02035936

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,841

Year Built

  • Built in 1950

Lot Details

  • 7,039 Sq Ft Lot
  • Back and Front Yard Fenced
  • Level Lot
  • Sprinklers on Timer
  • Zoning described as R1

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,997 Sq Ft Home
  • 2-Story Property
  • Skylights in Kitchen
  • Wood Burning Fireplace
  • Separate Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in Garage
  • Dryer
  • Laundry Tub

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Thermostat
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 003-15-050

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,841

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Age: 68
  • Listing Class: Residential
  • Structure Sq Ft: 1997
  • Year Built: 1950
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining Area in Living Room, No Formal Dining Room, Skylight
  • Kitchen: Countertop - Tile, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Gas, Refrigerator, Skylight
  • Living Sq Ft: 1997
  • Stories: 2
  • Bedrooms: More than One Bedroom on Ground Floor, Walk-in Closet
  • Laundry: Dryer, Electricity Hookup (110V), In Garage, Tub / Sink
  • Flooring: Carpet, Hardwood, Tile
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Full on Ground Floor, Shower and Tub, Stall Shower - 2+, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced, Fenced Back, Fenced Front, Gate, Wood
  • Construction Type: Stucco, Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Central Forced Air - Gas, Fireplace
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Skylight, Walk-in Closet

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

  • Lot Description: Grade - Level
  • Parcel Number: 003-15-050
  • Lot Acres: 0.1616
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7038.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7038.00

Green Features

  • Energy Features: Skylight, Thermostat Controller

Multi Family

  • Utilities: Public Utilities

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

Listed on
Feb 28, 2018
Closed on
Mar 13, 2018
Sold by
Preston Jeffrey J and Preston Richard T
Bought by
Tang Yan and Chen Jie
Seller's Agent
Michael Repka
Deleon Realty
Buyer's Agent
Yu-En Tsai
Bay East AOR
List Price
$2,988,000
Sold Price
$3,498,000
Premium/Discount to List
$510,000
17.07%
Current Estimated Value
$4,510,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,012,446
Avg. Annual Appreciation
3.49%
Original Mortgage
$29,749,400
Outstanding Balance
$25,615,218
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
-$21,104,772

Purchase Details

Closed on
Nov 10, 1999
Sold by
Preston Maryana K
Bought by
Preston Maryana K and 1999 Maryana K Preston Revocable Trust
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
Tang Yan -- Chicago Title Co
Preston Maryana K -- --
Preston Brian P -- --
Preston John R -- --
Preston Richard T -- --
Preston Jeffrey J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tang Yan $2,754,000
Open Tang Yan $29,749,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2018 04/05/18 Sold $3,498,000 +17.1% $1,752 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $2,988,000 -- $1,496 / 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 $46,841 $3,980,122 $3,754,835 $225,287
2024 $46,841 $3,902,081 $3,681,211 $220,870
2023 $41,604 $3,440,000 $3,245,200 $194,800
2022 $45,627 $3,750,561 $3,538,266 $212,295
2021 $44,729 $3,677,022 $3,468,889 $208,133
2020 $43,797 $3,639,319 $3,433,320 $205,999
2019 $43,317 $3,567,960 $3,366,000 $201,960
2018 $40,444 $120,558 $43,017 $77,541
2017 $2,230 $118,195 $42,174 $76,021
2016 $2,164 $115,879 $41,348 $74,531
2015 $2,134 $114,139 $40,727 $73,412
2014 $1,994 $111,904 $39,930 $71,974
Source: Public Records

Agents Affiliated with this Home

  • Michael Repka

    Seller's Agent in 2018

    Michael Repka

    Deleon Realty

    (650) 488-7325

    19 in this area

    780 Total Sales

    Michael Repka
    Section Image

  • Y

    Buyer's Agent in 2018

    Yu-En Tsai

    Bay East AOR

See All Agents

Map

Source: MLSListings

MLS Number: ML81694248

MLSListings

APN: 003-15-050

California Santa Clara County Palo Alto 94303 Duveneck-Saint Francis

553 Hilbar Ln, Palo Alto, CA

This home is located at 553 Hilbar Ln, Palo Alto, CA 94303 since 28 February 2018 and is currently estimated at $4,510,446, approximately $2,258 per square foot. This property was built in 1950. 553 Hilbar Ln 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.

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