NOT LISTED FOR SALE

Estimated Value: $3,831,000 - $4,430,000

3 Beds
2 Baths
2,075 Sq Ft
$1,995/Sq Ft Est. Value

Last Sold March 18, 2019

Last sale price $3,380,000 $1,629 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $26,248/month

7 Days on Market

Highlights

  • Primary Bedroom Suite
  • Contemporary Architecture
  • High Ceiling
  • El Carmelo Elementary School Rated A+
  • Wood Flooring
  • Stone Countertops

About This Home

As of March 2019

Newly rebuilt in 2016 using the highest quality materials and finishes, this elegant home in a prime Midtown location, is a masterpiece of interior design and well-executed craftsmanship.Approximately 2579 sq. ft. (per plans includes an attached two-car garage,and a detached 120 sf studio on a large 6605 sq.ft lot (per city).Conveniently arranged on one level with an ideal layout for indoor/outdoor living,there are 3 spacious bedrooms, 2 gorgeous baths, formal living room,Chef's kitchen, spacious dining area, a wonderful family room with wine bar. Features: Radiant-heated wood floors~top-of-the-line appliances~perfectly selected stone and tile finishes~surround sound~app-controlled lighting and climate~keyless entry. The beautifully landscaped gardens are exceptionally private. Just blocks to shopping, cafes, and dining and has access to acclaimed Palo Alto schools,proximity to Stanford University,Caltrain,and Highway 101 to all of Silicon Valley or San Francisco.

Last Agent to Sell the Property

Supriya Gavande

Compass License #01856590 Listed on: 02/28/2019

Compass

Last Buyer's Agent

Cam Chan

Keller Williams Palo Alto License #01482775

Keller Williams Palo Alto

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,256

Year Built

  • Built in 1947

Lot Details

  • 6,604 Sq Ft Lot
  • Fenced
  • Sprinklers on Timer
  • Back Yard
  • Zoning described as R1

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • Masonry

Interior Spaces

  • 2,075 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • High Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Separate Family Room
  • Combination Dining and Living Room
  • Neighborhood Views
  • Laundry in unit

Kitchen

  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Stone Countertops In Bathroom
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Outdoor Features

  • Balcony
  • Shed
  • Barbecue Area

Additional Homes

  • 120 SF Accessory Dwelling Unit

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 127-31-062

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,256

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Contemporary
  • Age: 72
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 120
  • Structure Sq Ft: 2075
  • Year Built: 1947
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Dining Area in Living Room
  • Kitchen: Countertop - Stone, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Gas, Ice Maker, Microwave, Oven Range - Built-In, Gas, Refrigerator, Wine Refrigerator
  • Living Sq Ft: 2075
  • Stories: 1
  • Bedrooms: Primary Suite / Retreat, Walk-in Closet
  • Laundry: Inside
  • Flooring: Hardwood, Tile
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Primary - Stall Shower(s), Shower over Tub - 1, Stone, Tile, Tub in Primary Bedroom, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Balcony / Patio, BBQ Area, Fenced, Sprinklers - Auto, Sprinklers - Lawn, Storage Shed / Structure
  • Construction Type: Masonry

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener, Off-Street Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Walk-in Closet, Wet Bar

Schools

  • School District: Palo Alto Unified
  • Elementary School: Palo Verde Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 320
  • Middle School: 322

Lot Info

  • Parcel Number: 127-31-062
  • Lot Acres: 0.1516
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6605.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6605.00

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: detached studio

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Palo Verde Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2021
Sold by
Richart Ralph M
Bought by
Richart Ralph M and Richart Ralph M
Current Estimated Value
$4,140,418

Purchase Details

Listed on
Feb 28, 2019
Closed on
Mar 12, 2019
Sold by
Muma Brian George and Muma Catherine Won
Bought by
Richart Ralph M
Seller's Agent
Supriya Gavande
Compass
Buyer's Agent
Cam Chan
Keller Williams Palo Alto
List Price
$3,198,000
Sold Price
$3,380,000
Premium/Discount to List
$182,000
5.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.20%

Purchase Details

Listed on
Feb 27, 2017
Closed on
Mar 13, 2017
Sold by
Hwang Kee Y
Bought by
Muma Brian George and Muma Catherien Won
Seller's Agent
Terel Beppu
Intero Real Estate Services
Buyer's Agent
Supriya Gavande
Compass
List Price
$2,399,000
Sold Price
$2,900,000
Premium/Discount to List
$501,000
20.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.00%

Purchase Details

Listed on
Nov 29, 2012
Closed on
Dec 6, 2012
Sold by
Probst Richard Mark
Bought by
Hwang Kee Y
Seller's Agent
Jane Volpe
Midtown Realty
Buyer's Agent
James Steele
Compass
List Price
$1,299,000
Sold Price
$1,455,000
Premium/Discount to List
$156,000
12.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.71%
Original Mortgage
$825,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 13, 2008
Sold by
Probst Ellen R
Bought by
Probst Ellen R and Probst Richard Mark

Purchase Details

Closed on
Sep 2, 2004
Sold by
Probst Ellen R and Probst Charles O
Bought by
Probst Ellen R
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
Richart Ralph M -- None Available
Richart Mirian J -- None Available
Richart Ralph M $3,380,000 Chicago Title Company
Muma Brian George $2,900,000 Chicago Title Company
Hwang Kee Y $1,454,750 Old Republic Title Company
Probst Ellen R -- None Available
Probst Ellen R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richart Ralph M $2,000,000
Previous Owner Hwang Kee Y $100,000
Previous Owner Hwang Kee Y $825,000
Previous Owner Probst Ellen R $938,250
Previous Owner Probst Ellen R $143,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2019 03/18/19 Sold $3,380,000 +5.7% $1,629 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
02/28/2019 02/28/19 For Sale $3,198,000 +10.3% $1,541 / Sq Ft
03/21/2017 03/21/17 Sold $2,900,000 +20.9% $1,423 / Sq Ft
03/08/2017 03/08/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $2,399,000 +64.9% $1,177 / Sq Ft
12/27/2012 12/27/12 Sold $1,455,000 +12.0% $1,029 / Sq Ft
12/01/2012 12/01/12 Pending -- -- --
11/29/2012 11/29/12 For Sale $1,299,000 -- $919 / 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 $44,256 $3,755,603 $3,214,744 $540,859
2024 $44,256 $3,681,964 $3,151,710 $530,254
2023 $43,608 $3,609,769 $3,089,912 $519,857
2022 $43,108 $3,538,990 $3,029,326 $509,664
2021 $42,341 $3,483,316 $3,194,758 $288,558
2020 $41,458 $3,447,600 $3,162,000 $285,600
2019 $36,692 $3,017,160 $2,601,000 $416,160
2018 $35,677 $2,958,000 $2,550,000 $408,000
2017 $20,819 $1,693,811 $1,368,741 $325,070
2016 $18,548 $1,513,541 $1,341,903 $171,638
2015 $18,364 $1,490,807 $1,321,747 $169,060
2014 $17,961 $1,461,605 $1,295,856 $165,749
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81740722

MLSListings

APN: 127-31-062