NOT LISTED FOR SALE

660 Scofield Ave East Palo Alto, CA 94303

Estimated Value: $1,761,048 - $2,281,000

4 Beds
4 Baths
3,030 Sq Ft
$629/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $1,890,000 $624 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $12,409/month

70 Days on Market

Highlights

  • Wood Flooring
  • Walk-In Closet
  • Level Lot
  • Menlo-Atherton High School Rated A
  • Coin Laundry

About This Home

As of July 2022

Westside location, South of University Ave. A quick walk to downtown Palo Alto, University Circle, Amazon office buildings and Ravenswood retail center. One block to bus line directly to Stanford. Four large 1 bedroom 1 bath units with updated kitchens, newer hardwood flooring, expansive walk in closets on large 8700 sq. ft. lot. Huge upside in East Palo Alto with over 4 million sq. ft. of new office space in the development pipeline. Strong location with tremendous upside moving forward.

Last Agent to Sell the Property

Scott Kilpatrick

Newmark Cornish & Carey License #01271912 Listed on: 02/27/2022

Newmark Cornish & Carey

Last Buyer's Agent

Richard Chang

ABC Commercial Realty License #02021357

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,464

Year Built

  • 1947

Lot Details

  • 7,810 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 3,030 Sq Ft Home
  • 2-Story Property
  • Gas Oven

Flooring

  • Wood
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $93,864

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $1,080
  • Insurance Expense $2,800
  • Maintenance Expense $2,000
  • Utility Expense $384
  • Trash Expense $2,304
  • Operating Expense $30,315
  • Gross Income $91,979

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,464

Year Built

1947

Lot Details

0

Listing Details

  • Zoning: R-1
  • Subclass: Fourplex
  • Age: 75
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3030
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Kitchen: Oven Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 3030
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Hardwood, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Covered Parking, Off-Street Parking, On Street, Uncovered Parking
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: Sequoia Union High
  • Elementary School: Willow Oaks Elementary
  • High School: Menlo-Atherton High
  • High School: 658
  • Elementary School: 682

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1793
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7810.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7810.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.04
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2800
  • Expense Landscape: 1080
  • Expense Maintenance: 2000
  • Expenses Total: 30315
  • Expenses Utility: 384
  • Expense Trash: 2304
  • Income Annual Gross: 91979.00
  • Income Annual Rental: 93864
  • Income Gross Scheduled: 94824
  • Income Includes: Land, Rents
  • Income Other: 960
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Maintenance - Capital Improvements, Services - Gardener, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2022
Closed on
Jul 14, 2022
Sold by
Scofield Trust
Bought by
J K D Scofield Llc
Seller's Agent
Scott Kilpatrick
Newmark Cornish & Carey
Buyer's Agent
Richard Chang
ABC Commercial Realty
List Price
$1,995,000
Sold Price
$1,890,000
Premium/Discount to List
-$105,000
-5.26%
Current Estimated Value
$1,907,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,012
Avg. Annual Appreciation
0.29%
Original Mortgage
$1,218,750
Outstanding Balance
$1,150,490
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$756,522

Purchase Details

Closed on
Mar 28, 2005
Sold by
Gabovich Natalie and Gabovich Alexander
Bought by
Sokolsky Leonid

Purchase Details

Closed on
Jan 9, 2003
Sold by
Scofield Madison
Bought by
Gabovich Alexander and Gabovich Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Interest Rate
6.06%

Purchase Details

Closed on
Apr 1, 1998
Sold by
Church Of The Pioneers Foundation
Bought by
Scofield Madison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,750
Interest Rate
7.07%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 16, 1997
Sold by
George Anita W
Bought by
Church Of The Pioneers Foundation

Purchase Details

Closed on
Feb 26, 1995
Sold by
George Neldon W and George Anita W
Bought by
George Neldon W and George Anita W
Source: Public Records

Range of Values:

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Average Value
Not Available
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
J K D Scofield Llc $1,880,000 First American Title
Sokolsky Leonid -- --
Gabovich Alexander $625,000 New Century Title
Scofield Madison $235,000 Old Republic Title Ins Compa
Church Of The Pioneers Foundation -- --
George Neldon W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J K D Scofield Llc $1,218,750
Previous Owner Sokolsky Leonid $100,000
Previous Owner Gabovich Alexander $468,750
Previous Owner Scofield Madison $205,000
Previous Owner Scofield Madison $199,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $1,890,000 -5.3% $624 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
02/27/2022 02/27/22 For Sale $1,995,000 -- $658 / 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 $24,464 $1,955,952 $936,360 $1,019,592
2023 $24,464 $1,880,000 $900,000 $980,000
2022 $12,049 $852,985 $511,792 $341,193
2021 $11,855 $836,260 $501,757 $334,503
2020 $11,741 $827,687 $496,613 $331,074
2019 $12,308 $811,459 $486,876 $324,583
2018 $12,041 $795,549 $477,330 $318,219
2017 $11,678 $779,951 $467,971 $311,980
2016 $11,789 $764,659 $458,796 $305,863
2015 $11,645 $753,174 $451,905 $301,269
2014 $11,373 $738,421 $443,053 $295,368
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Scott Kilpatrick

    Newmark Cornish & Carey

    Section Image

  • R

    Buyer's Agent in 2022

    Richard Chang

    ABC Commercial Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81880092

MLSListings

APN: 063-481-120

California San Mateo County East Palo Alto 94303

660 Scofield Ave, East Palo Alto, CA

This home is located at 660 Scofield Ave, East Palo Alto, CA 94303 since 27 February 2022 and is currently estimated at $1,907,012, approximately $629 per square foot. This property was built in 1947. 660 Scofield Ave is a home located in San Mateo County with nearby schools including Menlo-Atherton High School, KIPP Valiant Community Prep, and East Palo Alto Academy.

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