NOT LISTED FOR SALE

632 Keats Ct Palo Alto, CA 94303

Greenmeadow Neighborhood
5 Beds
3 Baths
1,982 Sq Ft
7,396 Sq Ft Lot

Last Sold June 28, 2018

Last sale price $2,650,000 $1,337 Per Sq Ft

15 Days on Market

Highlights

  • Forced Air Heating System
  • Fairmeadow Elementary School Rated A+
  • 1-Story Property

About This Home

As of June 2018

Rare investment opportunity in Palo Alto! This Duplex consists of a large 3 bed /2 bath owners unit in back with private yard and a 2 car garage and a 2 bed 1 bath unit with a single car garage. All units have a washer & dryer, dishwasher, and fireplace. Located on a quiet, tree lined cul-de-sac, this is perfect for an investor or owner-occupier. Additionally, the location benefits from close proximity to Mitchell Park and Library, numerous retail amenities, San Antonio CalTrain Station, Google and Hwy 101. Excellent Palo Alto Schools! Attractive upside potential.

Last Agent to Sell the Property

Steve Zirelli

Cornish & Carey Commercial License #01929245 Listed on: 04/18/2018

Co-Listed By

Joel Hopman

Newmark Cornish & Carey License #01934574

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,396 Sq Ft Lot

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,982 Sq Ft Home
  • 1-Story Property

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $75,300

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,080
  • Insurance Expense $850
  • Maintenance Expense $1,500
  • Operating Expense $35,621
  • Gross Income $73,041

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Parking

3

Listing Details

  • Zoning: RDUP
  • Subclass: Duplex
  • Age: 55
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 1982
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Acres: 0.1698
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7397.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7397.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 35.19
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 850
  • Expense Landscape: 1080
  • Expense Maintenance: 1500
  • Expenses Total: 35621
  • Income Annual Gross: 73041.00
  • Income Annual Rental: 75300
  • Income Gross Scheduled: 75300
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3

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

Property History

Date Event Price Change Sq Ft Price
06/28/2018 06/28/18 Sold $2,650,000 0.0% $1,337 / Sq Ft
05/04/2018 05/04/18 Pending -- -- --
04/18/2018 04/18/18 For Sale $2,650,000 -- $1,337 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Zirelli

    Seller's Agent in 2018

    Steve Zirelli

    Cornish & Carey Commercial

    (650) 688-8508

    36 Total Sales

    Steve Zirelli
    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Joel Hopman

    Newmark Cornish & Carey

    (650) 688-8536

    40 Total Sales

    Joel Hopman
    Section Image

  • R

    Buyer's Agent in 2018

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81701358

MLSListings

APN: 147-08-031

California Santa Clara County Palo Alto 94303 Greenmeadow

632 Keats Ct, Palo Alto, CA

This home is located at 632 Keats Ct, Palo Alto, CA 94303 since 18 April 2018. This property was built in 1963. 632 Keats Ct is a home located in Santa Clara County with nearby schools including Fairmeadow Elementary School, Jane Lathrop Stanford Middle School, and Henry M. Gunn High School.

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