NOT LISTED FOR SALE

581 Colorado Ave Palo Alto, CA 94306

Midtown Palo Alto Neighborhood

Estimated Value: $3,592,000 - $3,852,060

3 Beds
2 Baths
1,401 Sq Ft
$2,624/Sq Ft Est. Value

Last Sold October 19, 2021

Last sale price $3,350,000 $2,391 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $22,920/month

3 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Wood Flooring
  • No HOA
  • El Carmelo Elementary School Rated A+
  • Main Floor Bedroom
  • 4-minute walk to Hoover Park

About This Home

As of October 2021

581 Colorado Avenue is a classic 1960s ranch-style home on a sunny, level lot in the highly desirable neighborhood of Midtown, Palo Alto. Boasting three bedrooms and two full baths, this property offers a spacious living room with a modern fireplace, casual dining room, galley-style kitchen, laundry, and an attached two-car garage. This darling midcentury single-family is relaxed and peaceful, opening to a lounge-worthy patio and garden space at the back. Warm and welcoming, this home's bright and comfortable interior makes it the perfect place to unwind and host family gatherings alike. Owned by the same family for over 50 years, 581 Colorado Avenue presents a rare opportunity - a prime location, move-in ready condition, and tremendous potential for an upscale ranch-revamp. 581 Colorado is located in Midtown neighborhood, a sought-after, family friendly residential area with flat streets and within easy walking distance of fine restaurants, coffee shops and parks.

Last Agent to Sell the Property

Angelo Cosentino

Compass License #01224460 Listed on: 09/17/2021

Compass

Last Buyer's Agent

Xiaoping Song

Compass License #01845500

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,865

Lot Details

  • 6,138 Sq Ft Lot
  • Wood Fence
  • Landscaped

Home Design

  • Midcentury Modern Architecture
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,401 Sq Ft Home
  • Formal Entry
  • Living Room with Fireplace
  • Breakfast Room

Kitchen

  • Built-In Electric Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Side by Side Parking
  • Garage Door Opener

Additional Features

  • Patio
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 132-02-094

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,865

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subtype Description: Detached
  • Architectural Style: Mid-Century
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Fireplaces: 1
  • Fireplace Features: Living Room
  • Master Bedroom Features: Closet, Outside Access
  • Bathrooms: 2.00
  • Full Bathrooms: 2
  • Dining Room Features: Space in Kitchen
  • Appliances: Built-in Electric Oven, Dishwasher, Disposal, Free Standing Refrigerator, Gas Cook Top, Hood Over Range
  • Bathroom Features: Shower Stall(s), Tile
  • Flooring: Linoleum, Tile, Wood
  • Interior Amenities: Formal Entry
  • Kitchen Features: Breakfast Room, Tile Counter
  • Laundry Features: Dryer Included, In Garage, Inside Area, Washer Included
  • Main Level: Bedroom(s), Full Bath(s), Kitchen, Living Room, Master Bedroom, Street Entrance
  • Price Per Square Foot: 2391.15
  • Room Type: Kitchen, Laundry, Living Room, Master Bedroom
  • Square Footage: 1401

Exterior Features

  • Construction Materials: Stucco
  • Fencing: Wood
  • Foundation: Concrete Perimeter
  • Patio And Porch Features: Uncovered Patio
  • Roof: Composition

Garage/Parking

  • Parking Access: Side by Side
  • Parking Features: Garage Door Opener, Side-by-Side
  • Parking Fees: No
  • Parking Type: On Site (Single Family Only)
  • Total Parking Spaces: 2

Utilities

  • Electric: 220 Volts in Laundry
  • Heating: Central
  • Security Features: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: All Public
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 132-02-094
  • Lot Features: Landscape Back, Landscape Front
  • Lot Size Acres: 0.1409
  • Lot Size Sq Ft: 6138
  • Lot Size Units: SqFt
  • Price Per Acre: 23775727.47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2021
Closed on
Oct 8, 2021
Sold by
Sears Jennifer Chiu and Sears George Chiu
Bought by
Xie Haibin and Feng Suyun
Seller's Agent
Angelo Cosentino
Compass
Buyer's Agent
Xiaoping Song
Compass
List Price
$2,698,000
Sold Price
$3,350,000
Premium/Discount to List
$652,000
24.17%
Current Estimated Value
$3,675,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,765
Avg. Annual Appreciation
2.35%
Original Mortgage
$2,680,600
Outstanding Balance
$2,419,444
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$1,256,321

Purchase Details

Listed on
Sep 17, 2021
Closed on
Sep 3, 2021
Sold by
Wah Chiu George
Bought by
Sears Jennifer Chiu
Seller's Agent
Angelo Cosentino
Compass
Buyer's Agent
Xiaoping Song
Compass
List Price
$2,698,000
Sold Price
$3,350,000
Premium/Discount to List
$652,000
24.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,680,600
Outstanding Balance
$2,419,444
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$1,256,321

Purchase Details

Closed on
Nov 19, 2012
Sold by
Chiu George Wah
Bought by
Chiu George Wah

Purchase Details

Closed on
Jun 20, 2012
Sold by
Chiu George
Bought by
Chiu George Wah

Purchase Details

Closed on
Oct 11, 1993
Sold by
Chiu George and Chiu Florence
Bought by
Chiu George W and Chiu Florence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,500
Interest Rate
6.94%

Purchase Details

Closed on
Dec 29, 1990
Sold by
Chiu George W and Chiu Florence
Bought by
Chiu George and Chiu Florence
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
Xie Haibin $3,350,000 First American Title Company
Sears Jennifer Chiu -- --
Chiu George Wah -- None Available
Chiu George Wah -- None Available
Chiu George W -- Fidelity Natl Title Co
Chiu George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xie Haibin $2,680,600
Previous Owner Chiu George W $51,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2021 10/19/21 Sold $3,350,000 +24.2% $2,391 / Sq Ft
09/20/2021 09/20/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $2,698,000 -- $1,926 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $41,865 $3,555,046 $3,316,275 $238,771
2024 $41,865 $3,485,340 $3,251,250 $234,090
2023 $34,262 $2,825,000 $2,635,200 $189,800
2022 $40,775 $3,350,000 $3,125,000 $225,000
2021 $2,146 $99,829 $36,253 $63,576
2020 $2,119 $98,807 $35,882 $62,925
2019 $2,090 $96,871 $35,179 $61,692
2018 $2,054 $94,973 $34,490 $60,483
2017 $2,016 $93,112 $33,814 $59,298
2016 $1,957 $91,287 $33,151 $58,136
2015 $1,931 $89,917 $32,654 $57,263
2014 $1,795 $88,157 $32,015 $56,142
Source: Public Records

Agents Affiliated with this Home

  • Angelo Cosentino

    Seller's Agent in 2021

    Angelo Cosentino

    Compass

    (415) 738-7069

    1 in this area

    22 Total Sales

    Angelo Cosentino
    Section Image
  • Xiaoping Song

    Buyer's Agent in 2021

    Xiaoping Song

    Compass

    (650) 434-8014

    2 in this area

    102 Total Sales

    Xiaoping Song
    Section Image
See All Agents

Map

Source: San Francisco Association of REALTORS®

MLS Number: 421595856

San Francisco Association of REALTORS®

APN: 132-02-094

California Santa Clara County Palo Alto 94306 Midtown Palo Alto

581 Colorado Ave, Palo Alto, CA

This home is located at 581 Colorado Ave, Palo Alto, CA 94306 since 17 September 2021 and is currently estimated at $3,675,765, approximately $2,623 per square foot. 581 Colorado Ave is a home located in Santa Clara County with nearby schools including El Carmelo Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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