NOT LISTED FOR SALE

Estimated Value: $8,254,000 - $10,860,481

5 Beds
5.5 Baths
6,821 Sq Ft
$1,448/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $8,600,000 $1,261 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $65,442/month

105 Days on Market

Highlights

  • 0.37 Acre Lot
  • Marble Flooring
  • Formal Dining Room
  • Addison Elementary School Rated A+
  • 4 Fireplaces
  • 2 Car Detached Garage

About This Home

As of June 2021

Rare opportunity on a spectacular 16,000 sf+ manicured parcel close to Downtown. This handsome 21st century version of the Walter Bliss original boasts an exterior made with concrete (not Stucco) over outsized beams of old growth redwood. The homes handsome exterior is symmetrical, with oversized windows and otherwise unadorned except for the dentil and brackets under the eaves. Built for lumber baron, Walter Tobey, the interiors are constructed with some of the most exquisite woods anywhere. The 4 level home includes, a main level with10ft tall ceilings and a newly remodeled gorgeous kitchen. The 2nd level also with 10 ft ceilings includes 4 bedrooms and a living area that can be the 5th. The lower level includes a wine cellar, room for a theater and a gym. The 4th level is an open space loft with a bath with steam shower. Other features include a guesthouse atop the detached two garage and storage with its own private garden and large windows. A must see on a great street.

Last Agent to Sell the Property

Art Sharif

Sotheby's Intl Rlty License #01481940 Listed on: 01/27/2021

Sotheby's Intl Rlty

Last Buyer's Agent

Michael Repka

Deleon Realty License #70010006

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $139,292

Year Built

  • 1908

Lot Details

  • 0.37 Acre Lot
  • Flag Lot

Parking

  • 2 Car Detached Garage
  • 1 Carport Space

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,821 Sq Ft Home
  • 3-Story Property
  • 4 Fireplaces
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Separate Family Room
  • Formal Dining Room

Flooring

  • Wood
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • 2,000 SF Accessory Dwelling Unit
  • Forced Air Heating and Cooling System

Home Details

Home Type

Single Family

Est. Annual Taxes

$139,292

Year Built

1908

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1929
  • Subclass: Single Family Home
  • Age: 113
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 2000
  • Structure Sq Ft: 6821
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1908

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Log, Wood Burning
  • Dining Room: Formal Dining Room
  • Fireplace: Yes
  • Living Sq Ft: 6821
  • Stories: 3
  • Flooring: Hardwood, Marble, Stone
  • Fireplaces Min: 4
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Construction Type: Concrete

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 5
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage
  • Carport Min: 1

Utilities

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

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Description: Flag Lot
  • Lot Acres: 0.3689
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 16068.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 16068.00

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: Guest/Garage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2021
Closed on
May 25, 2021
Sold by
Shepherd John Michael and Shepherd Deborah Fenton
Bought by
Pao Michael and Sun Chelsea
Seller's Agent
Art Sharif
Sotheby's Intl Rlty
Buyer's Agent
Michael Repka
Deleon Realty
List Price
$9,750,000
Sold Price
$8,600,000
Premium/Discount to List
-$1,150,000
-11.79%
Current Estimated Value
$9,880,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,280,160
Avg. Annual Appreciation
5.09%

Purchase Details

Closed on
May 24, 2012
Sold by
Anker Bradford C and Anker Janice M
Bought by
Shepherd John Michael and Shepherd Deborah Fenton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,815,000
Interest Rate
3.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 25, 1999
Sold by
Anker Bradford C and Anker Janice M
Bought by
Anker Bradford C and Anker Janice M

Purchase Details

Closed on
Jun 8, 1998
Sold by
Anker Bradford C and Anker Janice M
Bought by
Anker Bradford C and Anker Janice M
Source: Public Records

Range of Values:

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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
Pao Michael $8,600,000 Chicago Title Company
Shepherd John Michael $5,099,750 Chicago Title Company
Anker Bradford C -- --
Anker Bradford C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pao Michael $4,000,000
Previous Owner Shepherd John Michael $1,000,000
Previous Owner Shepherd John Michael $1,815,000
Previous Owner Shepherd John Michael $1,500,000
Previous Owner Anker Bradford C $2,010,000
Previous Owner Anker Bradford C $2,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $8,600,000 -11.8% $1,261 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $9,750,000 0.0% $1,429 / Sq Ft
06/07/2013 06/07/13 Rented $15,000 -14.3% --
06/07/2013 06/07/13 Under Contract -- -- --
03/19/2013 03/19/13 For Rent $17,500 0.0% --
12/21/2012 12/21/12 Rented $17,500 -12.5% --
12/21/2012 12/21/12 Under Contract -- -- --
06/08/2012 06/08/12 For Rent $20,000 -- --
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
2024 $139,292 $11,774,776 $8,065,180 $3,709,596
2023 $97,034 $8,135,928 $7,907,040 $228,888
2022 $105,406 $8,772,000 $7,752,000 $1,020,000
2021 $71,408 $5,918,047 $5,511,910 $406,137
2020 $69,907 $5,857,366 $5,455,393 $401,973
2019 $69,145 $5,742,517 $5,348,425 $394,092
2018 $67,215 $5,629,919 $5,243,554 $386,365
2017 $66,039 $5,519,530 $5,140,740 $378,790
2016 $64,319 $5,411,305 $5,039,942 $371,363
2015 $63,706 $5,330,023 $4,964,238 $365,785
2014 $62,574 $5,225,616 $4,866,996 $358,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81827427

MLSListings

APN: 003-05-031