NOT LISTED FOR SALE

Estimated Value: $7,377,000 - $9,313,000

5 Beds
6.5 Baths
4,201 Sq Ft
$1,953/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $7,375,000 $1,756 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $52,435/month

10 Days on Market

Highlights

  • Solar Power System
  • Two Primary Bedrooms
  • Modern Architecture
  • El Carmelo Elementary School Rated A+
  • Radiant Floor
  • High Ceiling

About This Home

As of June 2024

Welcome to 635 Marion Avenue, a rare offering of a large single-level modern home (4201 SF) with a separate ADU (479 SF) in the heart of Palo Alto. This stunning residence is 2 years new and boasts 5 generous ensuite bedrooms, offering a spacious and luxurious living experience. The open floor plan seamlessly integrates the family room, dining area, gourmet kitchen, and outdoor patio, creating a perfect environment for spending time as a family or entertaining guests. High ceilings and large windows flood the space with natural light & smart home system provides modern day convenience. Step outside to the private outdoor space and unwind on the heated patio, perfect for hosting fresco gatherings. Situated on a generous 12,443 sf lot, there is ample room for outdoor activities and includes a separate ADU suite, providing flexibility and convenience for guests. The home is even equipped with a car turntable in the driveway that turns your car around for you! With its modern design, prime location, smart home system and abundance of living and storage space, 635 Marion presents an experience of idyllic Palo Alto living at its finest with top-rated schools as well as Midtown cafes and shopping within a few blocks. Don't miss the chance to make this exceptional property your own.

Last Agent to Sell the Property

Lori Buecheler

Compass License #01859485 Listed on: 05/31/2024

Compass

Co-Listed By

Olivia Maggi

Compass License #02180306

Last Buyer's Agent

Alexander Nichols

eXp Realty of California Inc License #02020807

eXp Realty of California Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $93,785

Year Built

  • Built in 2022

Lot Details

  • 0.29 Acre Lot
  • Property is Fully Fenced
  • Sprinklers on Timer
  • Back Yard
  • Zoning described as R1

Parking

  • 1 Car Garage
  • Secured Garage or Parking
  • Off-Street Parking

Home Design

  • Modern Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,201 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Gas Fireplace
  • Double Pane Windows
  • Great Room
  • Separate Family Room
  • Dining Area

Kitchen

  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Low Flow Toliet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

  • Security Gate
  • Smart Home
  • Alarm System

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat
  • Tankless Water Heater
  • Satellite Dish

Additional Features

  • Solar Power System
  • Balcony
  • 478 SF Accessory Dwelling Unit

Listing and Financial Details

  • Assessor Parcel Number 132-01-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$93,785

Year Built

Built in 2022

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Modern / High Tech
  • Age: 2
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 478
  • Structure Sq Ft: 4201
  • Incorporated: Yes
  • Year Built: 2022
  • Zoning Description: R1
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Burning
  • Dining Room: Dining Area
  • Kitchen: Countertop - Quartz, Dishwasher, Exhaust Fan, Island with Sink, Microwave, Oven Range - Built-In, Gas, Pantry, Refrigerator, Wine Refrigerator
  • Living Sq Ft: 4201
  • Stories: 1
  • Security: Secured Garage / Parking, Security Alarm
  • Bedrooms: More than One Primary Bedroom
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Great Room, Laundry Room, Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Primary - Stall Shower(s), Shower and Tub, Stall Shower - 2+, Tub in Primary Bedroom, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Post and Pier, Concrete Perimeter
  • Roof: Metal
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Sprinklers - Auto
  • Fencing: Complete Perimeter
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Covered Parking, Off-Street Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Security Gate, Walk-in Closet

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

  • Lot Description: Regular
  • Parcel Number: 132-01-010
  • Lot Acres: 0.2857
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12443.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12443.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet, Smart Home System, Solar Power, Tankless Water Heater, Thermostat Controller

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
May 31, 2024
Closed on
Jun 12, 2024
Sold by
Wang David
Bought by
Chu Jonathan and Kwak Tiffany
Seller's Agent
Lori Buecheler
Compass
Buyer's Agent
Alexander Nichols
eXp Realty of California Inc
List Price
$6,998,000
Sold Price
$7,375,000
Premium/Discount to List
$377,000
5.39%
Views
42
Current Estimated Value
$8,205,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$830,033
Avg. Annual Appreciation
9.38%
Original Mortgage
$1,000,000
Outstanding Balance
$986,847
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$7,218,186

Purchase Details

Closed on
Mar 19, 2019
Sold by
Nogaki Shino
Bought by
Wang David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 24, 2018
Sold by
Staal Rein and Pellegrini Cynthia
Bought by
Wang David

Purchase Details

Closed on
Jul 25, 2018
Sold by
Stall Johanna Maria and Pellegrini Cynthia
Bought by
Staal Rein and Pellegrini Cynthia

Purchase Details

Closed on
May 13, 2014
Sold by
Staal Elizabeth J M
Bought by
Staal Elizabeth J M
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
Chu Jonathan $7,375,000 Chicago Title Company
Wang David -- Boston National Title Llc
Wang David $3,950,000 Old Republic Title Co
Staal Rein -- None Available
Staal Elizabeth J M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Jonathan $1,000,000
Previous Owner Wang David $2,000,000
Previous Owner Staal Gerardus B $176,000
Previous Owner Staal Gerardus B $120,000
Previous Owner Staal Gerardus B $200,000
Previous Owner Staal Gerardus B $63,000
Previous Owner Staal Gerardus B $50,000
Previous Owner Staal Gerardus B $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $7,375,000 +5.4% $1,756 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $6,998,000 -- $1,666 / 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 $93,785 $7,522,500 $3,952,500 $3,570,000
2024 $93,785 $7,906,618 $4,265,218 $3,641,400
2023 $92,414 $7,751,587 $4,181,587 $3,570,000
2022 $59,639 $4,934,596 $4,099,596 $835,000
2021 $49,333 $4,070,740 $4,019,212 $51,528
2020 $48,302 $4,029,000 $3,978,000 $51,000
2019 $46,952 $3,950,000 $3,900,000 $50,000
2018 $3,793 $317,948 $107,476 $210,472
2017 $3,725 $311,715 $105,369 $206,346
2016 $3,615 $305,603 $103,303 $202,300
2015 $3,580 $301,014 $101,752 $199,262
2014 $3,972 $279,136 $99,759 $179,377
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81967876

MLSListings

APN: 132-01-010