NOT LISTED FOR SALE

585 Marion Ave Palo Alto, CA 94301

Midtown Palo Alto Neighborhood

Estimated Value: $4,269,000 - $4,632,000

3 Beds
3 Baths
2,336 Sq Ft
$1,896/Sq Ft Est. Value

Last Sold May 13, 2016

Last sale price $2,910,000 $1,246 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $27,833/month

14 Days on Market

Highlights

  • Craftsman Architecture
  • Deck
  • Wood Flooring
  • El Carmelo Elementary School Rated A+
  • Vaulted Ceiling
  • Granite Countertops

About This Home

As of May 2016

Photos cannot show how good this home feels! The perfect blend of old world craftsmanship with all the amenities of a seamless renovation have created this amazing home to live the Palo Alto experience! Once you get past the amazing curb appeal, you'll find an open floor plan where family and friends will create the memories of a lifetime. A soothing color pallet, tons of natural light plus a layout where the outdoors are part of your daily living! Don't just look online, come and see the magic of Marion!

Last Agent to Sell the Property

Alex Lehr

Guide Real Estate License #00867442 Listed on: 03/31/2016

Guide Real Estate

Last Buyer's Agent

nicholas french

Christie's International Real Estate Sereno License #01350085

Christie's International Real Estate Sereno

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,597

Year Built

  • Built in 1906

Lot Details

  • 5,793 Sq Ft Lot
  • Wood Fence
  • Sprinklers on Timer
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard
  • Zoning described as R1

Parking

  • 1 Car Detached Garage
  • Carport
  • Secured Garage or Parking

Home Design

  • Craftsman Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,336 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Skylights
  • Gas Fireplace
  • Family or Dining Combination
  • Den
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Barbecue Area

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 132-01-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,597

Year Built

Built in 1906

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Craftsman
  • Age: 110
  • Listing Class: Residential
  • Structure Sq Ft: 2336
  • Year Built: 1906
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Burning
  • Dining Room: Dining Area, Dining Area in Family Room, Dining Bar, Eat in Kitchen
  • Kitchen: Countertop - Granite, Dishwasher, Freezer, Garbage Disposal, Hood Over Range, Microwave, Oven - Gas
  • Living Sq Ft: 2336
  • Stories: 1
  • Security: Secured Garage / Parking
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Stone
  • Additional Rooms: Office Area
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, BBQ Area, Deck, Drought Tolerant Plants, Fenced, Low Maintenance, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Wood
  • Construction Type: Wood Frame

Garage/Parking

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

Utilities

  • Cooling System: Central AC, Window / Wall Unit
  • Heating System: Central Forced Air, Fireplace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Vaulted Ceiling

Schools

  • School District: Palo Alto Unified
  • Elementary School: El Carmelo Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 312
  • Middle School: 322

Lot Info

  • Parcel Number: 132-01-016
  • Lot Acres: 0.1330
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5797.84
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5797.84

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: El Carmelo Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2016
Closed on
May 5, 2016
Sold by
Baskauskas Michael and Baskauskas Mary
Bought by
Bai Xin and Qiu Zhun
Seller's Agent
Alex Lehr
Guide Real Estate
Buyer's Agent
nicholas french
Christie's International Real Estate Sereno
List Price
$2,895,000
Sold Price
$2,910,000
Premium/Discount to List
$15,000
0.52%
Current Estimated Value
$4,487,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,577,311
Avg. Annual Appreciation
4.76%
Original Mortgage
$1,000,000
Interest Rate
2.85%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 27, 2001
Sold by
Phillips Lucianne
Bought by
Baskauskas Michael and Baskauskas Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,000
Interest Rate
6.5%

Purchase Details

Closed on
Sep 9, 1999
Sold by
Phillips Lucianne
Bought by
Phillips Lucianne

Purchase Details

Closed on
Oct 29, 1998
Sold by
Hovgaard Paul A and Hovgaard Judy L
Bought by
Phillips Lucianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.6%
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
Bai Xin $2,910,000 North American Title Co Inc
Baskauskas Michael $865,000 Old Republic Title Company
Phillips Lucianne -- Old Republic Title Company
Phillips Lucianne -- --
Phillips Lucianne $510,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bai Xin $1,000,000
Closed Bai Xin $1,000,000
Previous Owner Baskauskas Michael S $1,163,000
Previous Owner Baskauskas Michael $341,700
Previous Owner Baskauskas Michael $883,000
Previous Owner Baskauskas Michael $50,000
Previous Owner Baskauskas Michael $41,400
Previous Owner Baskauskas Michael $200,000
Previous Owner Baskauskas Michael $692,000
Previous Owner Phillips Lucianne $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $2,910,000 +0.5% $1,246 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
03/31/2016 03/31/16 For Sale $2,895,000 -- $1,239 / 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 $40,597 $3,444,844 $2,485,971 $958,873
2024 $40,597 $3,377,299 $2,437,227 $940,072
2023 $40,000 $3,311,079 $2,389,439 $921,640
2022 $39,539 $3,246,157 $2,342,588 $903,569
2021 $38,760 $3,182,507 $2,296,655 $885,852
2020 $37,953 $3,149,875 $2,273,106 $876,769
2019 $37,535 $3,088,114 $2,228,536 $859,578
2018 $36,496 $3,027,564 $2,184,840 $842,724
2017 $35,855 $2,968,200 $2,142,000 $826,200
2016 $14,642 $1,180,395 $550,521 $629,874
2015 $14,181 $1,136,025 $542,252 $593,773
2014 $13,845 $1,113,695 $531,631 $582,064
Source: Public Records

Agents Affiliated with this Home

  • Alex Lehr

    Seller's Agent in 2016

    Alex Lehr

    Guide Real Estate

    (650) 766-5500

    229 Total Sales

    Section Image
  • nicholas french

    Buyer's Agent in 2016

    nicholas french

    Sereno Group

    (650) 773-8000

    197 Total Sales

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Map

Source: MLSListings

MLS Number: ML81577816

MLSListings

APN: 132-01-016

California Santa Clara County Palo Alto 94301 Midtown Palo Alto

585 Marion Ave, Palo Alto, CA

This home is located at 585 Marion Ave, Palo Alto, CA 94301 since 31 March 2016 and is currently estimated at $4,430,223, approximately $1,896 per square foot. This property was built in 1906. 585 Marion 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.

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