NOT LISTED FOR SALE

562 Palm Ave Los Altos, CA 94022

Estimated Value: $2,766,000 - $3,304,000

2 Beds
1 Bath
928 Sq Ft
$3,221/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $2,850,000 $3,071 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $15,628/month

7 Days on Market

Highlights

  • 1 Car Detached Garage
  • Eat-In Kitchen
  • 4-minute walk to Redwood Grove Nature Preserve
  • Gardner Bullis Elementary School Rated A
  • 1-Story Property

About This Home

As of June 2024

Great opportunity for this Los Altos Home in a highly desirable area. Premium lot with potential and prestigious schools. Near dining/shopping and easy access to 280.

Last Agent to Sell the Property

David Martz

KW Bay Area Estates License #01227292 Listed on: 05/21/2024

KW Bay Area Estates

Last Buyer's Agent

David Martz

KW Bay Area Estates License #01227292 Listed on: 05/21/2024

KW Bay Area Estates

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 6,852 Sq Ft Lot
  • Zoning described as R1

Parking

  • 1 Car Detached Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 928 Sq Ft Home
  • 1-Story Property
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Listing and Financial Details

  • Assessor Parcel Number 175-16-008

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 928
  • Year Built: 1948
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Eat in Kitchen
  • Living Sq Ft: 928
  • Stories: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Detached Garage

Utilities

  • Sewer/Septic System: Sewer - Public

Lot Info

  • Parcel Number: 175-16-008
  • Lot Acres: 0.1573
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6850.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6850.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Mountain View-Los Altos Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Jun 25, 2024
Sold by
Madigan Richard A and Madigan Richard Arthur
Bought by
562 Palm Lp
Seller's Agent
David Martz
KW Bay Area Estates
Buyer's Agent
David Martz
KW Bay Area Estates
List Price
$2,199,950
Sold Price
$2,850,000
Premium/Discount to List
$650,050
29.55%
Views
5
Current Estimated Value
$2,989,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,113
Avg. Annual Appreciation
3.06%

Purchase Details

Closed on
Apr 23, 2002
Sold by
Madigan Richard A and Madigan Dhel L
Bought by
Madigan Richard A and Madigan Dhel L
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
562 Palm Lp $2,850,000 Chicago Title Company
Madigan Richard A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $2,850,000 +29.5% $3,071 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $2,199,950 -- $2,371 / 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 $1,266 $2,907,000 $2,881,500 $25,500
2024 $1,266 $69,697 $38,471 $31,226
2023 $1,205 $68,331 $37,717 $30,614
2022 $1,178 $66,992 $36,978 $30,014
2021 $1,180 $65,679 $36,253 $29,426
2020 $1,222 $65,007 $35,882 $29,125
2019 $1,218 $63,733 $35,179 $28,554
2018 $1,939 $62,485 $34,490 $27,995
2017 $1,356 $61,261 $33,814 $27,447
2016 $1,370 $60,060 $33,151 $26,909
2015 $1,238 $59,159 $32,654 $26,505
2014 $1,195 $58,001 $32,015 $25,986
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    David Martz

    KW Bay Area Estates

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Map

Source: MLSListings

MLS Number: ML81966619

MLSListings

APN: 175-16-008

California Santa Clara County Los Altos 94022

562 Palm Ave, Los Altos, CA

Not Listed for Sale

Detached

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