NOT LISTED FOR SALE

567 Homer Ave Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $2,876,000 - $4,087,718

4 Beds
3 Baths
2,450 Sq Ft
$1,430/Sq Ft Est. Value

Last Sold December 28, 2022

Last sale price $3,500,000 $1,429 Per Sq Ft

Current estimated payment $22,931/month

47 Days on Market

Highlights

  • Formal Dining Room
  • Open to Family Room
  • Forced Air Heating and Cooling System
  • Addison Elementary School Rated A+
  • Solar Water Heater

About This Home

As of December 2022

Located just steps away from Downtown Palo Alto, this residence completed in October 2022 boasts high-end craftsmanship and turnkey designer living. Exquisite details combine to create warm, contemporary interiors fitted for up-to-the-minute enjoyment. Breezy, sun-lit gathering spaces unfold from a gourmet kitchen with an immense island, glamorous stone countertops, and dual-tone cabinetry. A bedroom and full bath are nestled on the ground level, while an office joins three bedrooms upstairs, including an extravagant primary suite with an oversized walk-in closet and spa bath. Must-have amenities include soaring ceilings, wide-plank oak floors, surround sound, and premier Miele® and Sub-Zero® appliances. This residence is fully electric, complete with solar panels. Within moments of Stanford University and downtown shopping, dining, and entertainment, the home offers brand-new, top-quality construction in a serene, luxurious setting at the heart of Palo Alto.

Last Agent to Sell the Property

Xin Jiang

Compass License #01961451 Listed on: 10/12/2022

Compass

Last Buyer's Agent

Xin Jiang

Compass License #01961451 Listed on: 10/12/2022

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,897

Year Built

  • Built in 2022

Lot Details

  • 7,501 Sq Ft Lot
  • Zoning described as RM3

Parking

  • 1 Car Garage
  • 1 Carport Space

Home Design

  • Composition Roof
  • Metal Roof

Interior Spaces

  • 2,450 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Formal Dining Room
  • Crawl Space
  • Open to Family Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Solar Water Heater
  • Forced Air Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • Homer Avenue Residences Association

Listing and Financial Details

  • Assessor Parcel Number 120-04-118

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,897

Year Built

Built in 2022

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 2450
  • Construction: Completed-Never Occupied
  • Year Built: 2022
  • Zoning Description: RM3
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Living Room
  • Dining Room: Formal Dining Room
  • Living Sq Ft: 2450
  • Stories: 2
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: Yes

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition, Metal

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage, Carport
  • Carport Min: 1

Utilities

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

Condo/Co-op/Association

  • H O A Name Text: Homer Avenue Residences
  • H O A Exist: Yes

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Parcel Number: 120-04-118
  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Multi Family

  • Utilities: Public Utilities, Solar - Hot Water Heater - Leased

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Addison Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Frank S. Greene Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2022
Closed on
Dec 12, 2022
Sold by
Hestia 2 Llc
Bought by
Kuo Yi Ying and Chen Bomy
Seller's Agent
Xin Jiang
Compass
Buyer's Agent
Xin Jiang
Compass
List Price
$3,880,000
Sold Price
$3,500,000
Premium/Discount to List
-$380,000
-9.79%
Views
11
Current Estimated Value
$3,504,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,680
Avg. Annual Appreciation
0.54%
Original Mortgage
$2,499,999
Outstanding Balance
$2,414,779
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$1,134,711
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
Kuo Yi Ying $3,500,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kuo Yi Ying $2,499,999
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Sold $3,500,000 -2.7% $1,429 / Sq Ft
11/29/2022 11/29/22 Pending -- -- --
11/03/2022 11/03/22 Price Changed $3,598,000 -7.3% $1,469 / Sq Ft
10/12/2022 10/12/22 For Sale $3,880,000 -4.3% $1,584 / Sq Ft
03/21/2018 03/21/18 Sold $4,055,000 +6.7% $3,139 / Sq Ft
03/11/2018 03/11/18 Pending -- -- --
03/01/2018 03/01/18 For Sale $3,800,000 +23.4% $2,941 / Sq Ft
05/05/2014 05/05/14 Sold $3,080,000 +34.8% $2,384 / Sq Ft
04/22/2014 04/22/14 Pending -- -- --
04/10/2014 04/10/14 For Sale $2,285,000 -- $1,769 / 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
2024 $42,897 $3,570,000 $1,785,000 $1,785,000
2023 $42,897 $3,500,000 $1,750,000 $1,750,000
2022 $33,982 $2,775,817 $2,297,317 $478,500
Source: Public Records

Agents Affiliated with this Home

  • Xin Jiang

    Seller's Agent in 2022

    Xin Jiang

    Compass

    (650) 283-8379

    4 in this area

    59 Total Sales

    Section Image
  • Lina Zhou

    Seller's Agent in 2018

    Lina Zhou

    Coldwell Banker Realty

    (408) 817-0488

    51 Total Sales

    Section Image
  • Steve Pierce

    Buyer's Agent in 2018

    Steve Pierce

    Zane MacGregor

    (650) 324-9900

    4 in this area

    27 Total Sales

    Section Image

  • K

    Seller's Agent in 2014

    KT. Eckardt

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81910167

MLSListings

APN: 120-04-118

California Santa Clara County Palo Alto 94301 University South

567 Homer Ave, Palo Alto, CA

This home is located at 567 Homer Ave, Palo Alto, CA 94301 since 12 October 2022 and is currently estimated at $3,504,680, approximately $1,430 per square foot. This property was built in 2022. 567 Homer Ave is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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