NOT LISTED FOR SALE

Estimated Value: $3,933,000 - $5,350,000

5 Beds
3 Baths
2,215 Sq Ft
$2,022/Sq Ft Est. Value

Last Sold March 22, 2017

Last sale price $3,300,000 $1,490 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $27,620/month

112 Days on Market

Highlights

  • Downtown View
  • Vaulted Ceiling
  • Wood Flooring
  • Addison Elementary School Rated A+
  • Outdoor Fireplace
  • Prairie Architecture

About This Home

As of March 2017

Poised with understated elegance, this one of a kind, 5 BR, 3 full bath, new construction will captivate all. Located in the heart of Downtown Palo Alto, just steps away from Johnson Park and University Avenue’s many iconic attractions. No stone was left unturned during this complete remodel; from foundation up to the second-floor addition, this open-concept features gorgeous lighting fixtures, a car charger, smart locks, smart garage door, video doorbell, USB chargers throughout and much more! Indulge this chief’s kitchen with Décor appliances. In addition to the walk-in pantry, this kitchen takes center-stage with quarts countertops, a 48-inch gas range with down drafting hood, built-in convection ovens, a wine refrigerator and luminous under-cabinet lighting. A dual-zone forced air climate system by Nest, tankless water heater, and gas fire pit are also provided. Possible eligibility for the Mills Act tax break per the historical registry. Application deadline by March 15th, 2017.

Last Agent to Sell the Property

Denise Villeneuve

Intero Real Estate Services License #01794615 Listed on: 11/03/2016

Intero Real Estate Services

Co-Listed By

Jordan Shields

Intero Real Estate Services License #02006566

Last Buyer's Agent

Jenn Gilson

KW Advisors License #01889172

KW Advisors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,030

Year Built

  • Built in 1925

Lot Details

  • 5,619 Sq Ft Lot
  • Partially Fenced Property
  • Wood Fence
  • Zoning described as R1

Parking

  • 1 Car Garage
  • Enclosed Parking
  • Off-Site Parking

Home Design

  • Prairie Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,215 Sq Ft Home
  • 2-Story Property
  • Wired For Sound
  • Vaulted Ceiling
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Family or Dining Combination
  • Den
  • Downtown Views

Kitchen

  • Open to Family Room
  • Built-In Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Stone Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Stone Countertops In Bathroom
  • Dual Sinks
  • Dual Flush Toilets
  • Low Flow Toliet
  • Hydromassage or Jetted Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Balcony
  • Outdoor Fireplace

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Thermostat
  • Tankless Water Heater
  • Fiber Optics Available

Community Details

  • Courtyard

Listing and Financial Details

  • Assessor Parcel Number 120-02-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,030

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Prairie
  • Age: 92
  • Listing Class: Residential
  • Structure Sq Ft: 2215
  • Year Built: 1925
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Burning, Gas Starter
  • Dining Room: Dining Area in Family Room
  • Kitchen: Cooktop - Gas, Countertop - Stone, Dishwasher, Hood Over Range, Island, Microwave, Oven - Built-In, Oven - Gas, Pantry, Wine Refrigerator
  • Living Sq Ft: 2215
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Hardwood, Stone
  • Additional Rooms: Den / Study / Office, Laundry Room
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Dual Flush Toilet, Skylight, Stall Shower, Stone, Tub, Tub with Jets, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition
  • View: Downtown
  • Yard/Grounds: Balcony / Patio, Courtyard, Fenced, Outdoor Fireplace
  • Fencing: Partial Fencing, Wood

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Enclosed, Off-Site Parking

Utilities

  • Cooling System: Central AC, Multi-Zone
  • Heating System: Central Forced Air - Gas, Heating - 2+ Zones

Association/Amenities

  • Amenities Miscellaneous: Skylight, Vaulted Ceiling, Walk-in Closet

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Parcel Number: 120-02-017
  • Lot Acres: 0.1290
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5602.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5602.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet, Skylight, Tankless Water Heater, Thermostat Controller

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: David Starr Jordan Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2016
Closed on
Mar 16, 2017
Sold by
Equity Smart Investments Lp
Bought by
Golub Benjamin and Vo Megen
Seller's Agent
Denise Villeneuve
Intero Real Estate Services
Buyer's Agent
Jenn Gilson
KW Advisors
List Price
$3,300,000
Sold Price
$3,300,000
Current Estimated Value
$4,479,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,179,622
Avg. Annual Appreciation
4.04%
Original Mortgage
$1,100,000
Interest Rate
2.9%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 2, 2015
Sold by
Ling May and Ronald Victor Chapin Family Tr
Bought by
Equity Smart Investments Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
3.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2009
Sold by
Chapin Ronald Victor
Bought by
Chapin Ronald Victor and Ronald Victor Chapin Family Tr

Purchase Details

Closed on
Aug 15, 2005
Sold by
Chapin Ronald V
Bought by
Chapin Ronald V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.87%
Mortgage Type
New Conventional
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
Golub Benjamin $3,300,000 North American Title Co Inc
Equity Smart Investments Lp $1,750,000 Old Republic Title Company
Chapin Ronald Victor -- None Available
Chapin Ronald V -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golub Benjamin $2,100,000
Closed Golub Benjamin $1,100,000
Previous Owner Equity Smart Investments Lp $150,000
Previous Owner Equity Smart Investments Lp $150,000
Previous Owner Equity Smart Investments Lp $1,400,000
Previous Owner Chapin Ronald $160,000
Previous Owner Chapin Ronald V $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2017 03/22/17 Sold $3,300,000 0.0% $1,490 / Sq Ft
02/24/2017 02/24/17 Pending -- -- --
11/03/2016 11/03/16 For Sale $3,300,000 -- $1,490 / 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 $45,030 $3,829,926 $2,599,709 $1,230,217
2024 $45,030 $3,754,831 $2,548,735 $1,206,096
2023 $44,369 $3,681,208 $2,498,760 $1,182,448
2022 $43,859 $3,609,028 $2,449,765 $1,159,263
2021 $42,995 $3,538,264 $2,401,731 $1,136,533
2020 $42,098 $3,501,985 $2,377,105 $1,124,880
2019 $41,715 $3,433,320 $2,330,496 $1,102,824
2018 $40,570 $3,366,000 $2,284,800 $1,081,200
2017 $32,250 $2,650,602 $1,630,998 $1,019,604
2016 $22,209 $1,776,686 $1,599,018 $177,668
2015 $17,664 $1,427,971 $1,420,832 $7,139
2014 $1,427 $64,028 $35,973 $28,055
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81639161

MLSListings

APN: 120-02-017