NOT LISTED FOR SALE

561 Kelly Way Palo Alto, CA 94306

Barron Park Neighborhood

Estimated Value: $3,201,301 - $3,516,000

3 Beds
2 Baths
1,520 Sq Ft
$2,224/Sq Ft Est. Value

Last Sold March 28, 2016

Last sale price $2,265,000 $1,490 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $20,644/month

7 Days on Market

Highlights

  • Den
  • Workshop
  • 1 Car Attached Garage
  • Juana Briones Elementary School Rated A+
  • Balcony
  • 5-minute walk to Juana Briones Park

About This Home

As of March 2016

Tucked away on a charming tree-lined street in the gem of Palo Alto Orchards, this single-story ranch offers a great floor plan showered with natural light and ease of indoor-outdoor living. The bright living room with wood-burning fireplace has an over-sized picture window and connects to the lovely dining room overlooking the rear yard. Updated kitchen conveniently opens to a large covered brick patio for al fresco dining. Master wing includes a large walk-in closet & glass sliding doors to mature garden. Move-in ready or opportunity for expansion.

Last Agent to Sell the Property

Brian Chancellor

Christie's International Real Estate Sereno License #01174998 Listed on: 02/18/2016

Christie's International Real Estate Sereno

Last Buyer's Agent

Linda Xu

BayOne Real Estate Investment Corporation License #01425342

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,806

Year Built

  • Built in 1950

Lot Details

  • 6,011 Sq Ft Lot
  • Fenced
  • Mostly Level
  • Back Yard
  • Zoning described as R1

Parking

  • 1 Car Attached Garage
  • On-Street Parking

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,520 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Dining Area
  • Den
  • Workshop
  • Gas Oven
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Balcony

Utilities

  • Multiple Heating Units
  • Wall Furnace
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 167-07-079

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,806

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Age: 66
  • Listing Class: Residential
  • Structure Sq Ft: 1520
  • Year Built: 1950
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Dining Area
  • Kitchen: Oven Range - Gas
  • Living Sq Ft: 1520
  • Stories: 1
  • Laundry: Hookup - Washer/Dryer
  • Flooring: Carpet, Laminate, Tile
  • Additional Rooms: Den / Study / Office, Workshop
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Gas, Heating - 2+ Units, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Walk-in Closet

Schools

  • School District: Palo Alto Unified
  • Elementary School: Juana Briones Elementary
  • Middle School: Terman Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 317
  • Middle School: 323

Lot Info

  • Lot Description: Grade - Mostly Level
  • Parcel Number: 167-07-079
  • Lot Acres: 0.1380
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5998.21
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5998.21

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Juana Briones Elementary
  • High School Text: Henry M. Gunn High
  • Middle School Text: Terman Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2016
Closed on
Mar 15, 2016
Sold by
Mccain James Seward and Mccain Wendy
Bought by
Zhu Yan and Li Zhigang
Seller's Agent
Brian Chancellor
Christie's International Real Estate Sereno
Buyer's Agent
Linda Xu
BayOne Real Estate Investment Corporation
List Price
$2,050,000
Sold Price
$2,265,000
Premium/Discount to List
$215,000
10.49%
Current Estimated Value
$3,380,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,115,575
Avg. Annual Appreciation
4.29%
Original Mortgage
$1,580,000
Outstanding Balance
$1,211,875
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,168,700

Purchase Details

Closed on
Oct 27, 2008
Sold by
Mccain James Seward and Mccain William John
Bought by
Mccain James Seward and Mccain Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.09%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 3, 1999
Sold by
Mccain James S and Mccain Dorothy C
Bought by
Mccain James Edward and Mccain Dorothy C
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
Zhu Yan $2,265,000 Chicago Title Company
Mccain James Seward $417,000 Old Republic Title Company
Mccain James Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhu Yan $1,580,000
Previous Owner Mccain James Seward $125,000
Previous Owner Mccain James Seward $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2016 03/28/16 Sold $2,265,000 +10.5% $1,490 / Sq Ft
02/26/2016 02/26/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $2,050,000 -- $1,349 / 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 $31,806 $2,681,293 $2,145,037 $536,256
2024 $31,806 $2,628,720 $2,102,978 $525,742
2023 $31,337 $2,577,178 $2,061,744 $515,434
2022 $30,974 $2,526,646 $2,021,318 $505,328
2021 $30,362 $2,477,105 $1,981,685 $495,420
2020 $29,734 $2,451,707 $1,961,366 $490,341
2019 $29,405 $2,403,635 $1,922,908 $480,727
2018 $28,596 $2,356,505 $1,885,204 $471,301
2017 $28,093 $2,310,300 $1,848,240 $462,060
2016 $9,282 $723,108 $617,997 $105,111
2015 $8,427 $712,248 $608,715 $103,533
2014 $8,293 $698,297 $596,792 $101,505
Source: Public Records

Agents Affiliated with this Home

  • Brian Chancellor

    Seller's Agent in 2016

    Brian Chancellor

    Sereno Group

    (650) 303-5511

    1 in this area

    90 Total Sales

    Brian Chancellor
    Section Image

  • L

    Buyer's Agent in 2016

    Linda Xu

    BayOne Real Estate Investment Corporation

    Section Image
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Map

Source: MLSListings

MLS Number: ML81561231

MLSListings

APN: 167-07-079

California Santa Clara County Palo Alto 94306 Barron Park

561 Kelly Way, Palo Alto, CA

This home is located at 561 Kelly Way, Palo Alto, CA 94306 since 18 February 2016 and is currently estimated at $3,380,575, approximately $2,224 per square foot. This property was built in 1950. 561 Kelly Way is a home located in Santa Clara County with nearby schools including Juana Briones Elementary School, Ellen Fletcher Middle, and Henry M. Gunn High School.

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