NOT LISTED FOR SALE

Estimated Value: $3,987,311 - $4,634,000

3 Beds
3 Baths
1,600 Sq Ft
$2,645/Sq Ft Est. Value

Last Sold November 06, 2019

Last sale price $3,020,000 $1,888 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $26,310/month

12 Days on Market

Highlights

  • Vaulted Ceiling
  • Soaking Tub in Primary Bathroom
  • Wood Flooring
  • Addison Elementary School Rated A+
  • Traditional Architecture
  • Neighborhood Views

About This Home

As of November 2019

At the corner of Hale Street and Forest Avenue, a few blocks from bustling downtown Palo Alto, this classic storybook cottage provides the perfect entree into prestigious Crescent Park--one of Palo Altos most desirable neighborhoods!  The traditional foyer opens to a light filled, gracious, living room that makes a great first impression and invites gathering.  In the adjacent dining room a vintage chandelier sets a festive tone for everyday meals and holiday celebrations alike.  This quintessential 3 bedroom, 3 bath 1930s cottage exudes period character throughout. It also offers a quiet setting anchored by a majestic oak providing cool shade in the front garden and a heritage redwood in the rear.  This property presents a rare opportunity to enjoy the best of what Palo Alto has to offer--excellent schools, a vibrant downtown, Stanford University and proximity to leading technology companies!

Last Agent to Sell the Property

Colleen Foraker

Compass License #01349099 Listed on: 10/03/2019

Compass

Last Buyer's Agent

Alex Comsa

Coldwell Banker Realty License #01875782

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,043

Year Built

  • Built in 1935

Lot Details

  • 6,983 Sq Ft Lot
  • Fenced
  • Pie Shaped Lot
  • Sprinklers on Timer
  • Back Yard
  • Zoning described as R1

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Cottage
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Whole House Fan
  • Double Pane Windows
  • Living Room with Fireplace
  • Formal Dining Room
  • Neighborhood Views
  • Unfinished Basement

Kitchen

  • Gas Oven
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Soaking Tub in Primary Bathroom
  • Oversized Bathtub in Primary Bathroom
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Additional Features

  • Balcony
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 003-19-023

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,043

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage, Traditional
  • Age: 84
  • Listing Class: Residential
  • Structure Sq Ft: 1600
  • Incorporated: Yes
  • Year Built: 1935
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Formal Dining Room
  • Kitchen: Dishwasher, Oven Range - Gas
  • Living Sq Ft: 1600
  • Stories: 1
  • Bedrooms: More than One Bedroom on Ground Floor
  • Laundry: Washer / Dryer
  • Flooring: Tile, Vinyl / Linoleum, Wood
  • Additional Rooms: Basement - Unfinished, Laundry Room
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Bathroom: Primary - Oversized Tub, Stall Shower - 2+, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Balcony / Patio, Sprinklers - Auto
  • Fencing: Fenced
  • Construction Type: Stucco

Garage/Parking

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

Utilities

  • Cooling System: Whole House / Attic Fan
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Lot Description: Pie Shaped
  • Parcel Number: 003-19-023
  • Lot Acres: 0.1603
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6982.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6982.00

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Addison Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Frank S. Greene Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2020
Sold by
Ha Julie K and Julie K Ha Trust
Bought by
Ha Julie K and Julie K Ha Trust
Current Estimated Value
$4,231,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,266,000
Outstanding Balance
$1,130,812
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$3,100,625

Purchase Details

Closed on
Jan 16, 2020
Sold by
Pious 1031 Llc
Bought by
Ha Julie K and Julie K Ha Trust

Purchase Details

Listed on
Oct 3, 2019
Closed on
Nov 4, 2019
Sold by
Sells Laurie R and W Clayton Lane Revocable Trust
Bought by
Pious 1031 Llc
Seller's Agent
Colleen Foraker
Compass
Buyer's Agent
Alex Comsa
Coldwell Banker Realty
List Price
$2,695,000
Sold Price
$3,020,000
Premium/Discount to List
$325,000
12.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$2,020,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 28, 2015
Sold by
Lane W Clayton
Bought by
Lane W Clayton

Purchase Details

Closed on
Jul 22, 1994
Sold by
Lane W Clayton
Bought by
Lane W Clayton

Purchase Details

Closed on
Mar 21, 1994
Sold by
Lane W Clayton
Bought by
Lane W Clayton

Purchase Details

Closed on
Mar 16, 1994
Sold by
Lane W Clayton and Lane Alfred H
Bought by
Lane W Clayton
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
Ha Julie K -- Old Republic Title Company
Ha Julie K -- None Available
Pious 1031 Llc $3,020,000 Old Republic Title Company
Lane W Clayton -- None Available
Lane W Clayton -- None Available
Lane W Clayton -- First American Title Guarant
Lane W Clayton -- --
Lane W Clayton $13,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Julie K Ha Trust $650,000
Open Ha Julie K $1,266,000
Previous Owner Pious 1031 Llc $2,020,000
Closed Lane W Clayton $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2019 11/06/19 Sold $3,020,000 +12.1% $1,888 / Sq Ft
10/16/2019 10/16/19 Pending -- -- --
10/03/2019 10/03/19 For Sale $2,695,000 -- $1,684 / 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 $39,043 $3,302,807 $3,226,254 $76,553
2024 $39,043 $3,238,047 $3,162,995 $75,052
2023 $38,471 $3,174,557 $3,100,976 $73,581
2022 $38,029 $3,112,312 $3,040,173 $72,139
2021 $37,281 $3,051,287 $2,980,562 $70,725
2020 $36,506 $3,020,000 $2,950,000 $70,000
2019 $1,315 $107,644 $41,813 $65,831
2018 $1,292 $105,535 $40,994 $64,541
2017 $1,268 $103,467 $40,191 $63,276
2016 $1,222 $101,439 $39,403 $62,036
2015 $1,209 $99,917 $38,812 $61,105
2014 $1,191 $97,961 $38,052 $59,909
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81771062

MLSListings

APN: 003-19-023