NOT LISTED FOR SALE

Estimated Value: $4,119,425 - $4,736,000

4 Beds
3 Baths
2,270 Sq Ft
$1,921/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $3,500,000 $1,542 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $26,663/month

2 Days on Market

Highlights

  • Wood Flooring
  • Breakfast Area or Nook
  • 2 Car Detached Garage
  • Addison Elementary School Rated A+
  • Formal Dining Room
  • Laundry in Utility Room

About This Home

As of October 2020

With a Community Center address yet just a few blocks from the vibrant Downtown district, this unique property offers limitless potential. The 7,500sf parcel includes a 3 bedroom/2 bath main residence, as well as a 1 bedroom/1 bath cottage. Warm hardwood floors and vintage wrought iron fixtures greet you as you enter the main residence, while classic coved ceilings and true divided light windows speak to the original character of the home. There is a master suite along with two additional bedrooms, one perfect as an office. Exit the rear porch to a large open patio, perfect for entertaining, flanked by the 2-car garage. Beyond lies the one bedroom, one bath Cottage, complete with kitchen and laundry, and its own patio. Conveniently located close to Downtown, Lucy Stern Community Center, and Rinconada Park. Outstanding Palo Alto Schools including Addison Elementary, Greene Middle, and Palo Alto High School (Buyer to verify).

Last Agent to Sell the Property

Derk T. Brill

Compass License #01256035 Listed on: 09/09/2020

Compass

Last Buyer's Agent

Kristin Cashin

Compass License #01438764

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,635

Year Built

  • 1929

Lot Details

  • 7,501

Parking

  • 2 Car Detached Garage
  • Guest Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Quake Bracing

Interior Spaces

  • 2,270 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Breakfast Area or Nook
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 7,501 Sq Ft Lot
  • 545 SF Accessory Dwelling Unit
  • Heating System Uses Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,635

Year Built

1929

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 545
  • Structure Sq Ft: 2270
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1929

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Breakfast Nook, Formal Dining Room
  • Fireplace: Yes
  • Living Sq Ft: 2270
  • Stories: 1
  • Laundry: In Utility Room
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 4

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Quake Bracing
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage, Guest / Visitor Parking

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • High School: 327

Lot Info

  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: Cottage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2020
Closed on
Sep 29, 2020
Sold by
Ernes Edward M
Bought by
Beini Zhou Family Trust and Yenny Sudiro Widjaja Family Trust
Seller's Agent
Derk T. Brill
Compass
Buyer's Agent
Kristin Cashin
Compass
List Price
$3,295,000
Sold Price
$3,500,000
Premium/Discount to List
$205,000
6.22%
Current Estimated Value
$4,361,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$861,606
Avg. Annual Appreciation
4.45%
Original Mortgage
$1,250,000
Outstanding Balance
$1,111,808
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$3,249,798
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
Beini Zhou Family Trust $3,500,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beini Zhou Family Trust $1,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2020 10/09/20 Sold $3,500,000 +6.2% $1,542 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
09/09/2020 09/09/20 For Sale $3,295,000 -- $1,452 / 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 $44,635 $3,673,773 $3,572,025 $101,748
2024 $44,635 $3,714,227 $3,501,986 $212,241
2023 $43,981 $3,641,400 $3,433,320 $208,080
2022 $43,477 $3,570,000 $3,366,000 $204,000
2021 $41,786 $3,500,000 $3,300,000 $200,000
2020 $2,607 $218,215 $113,892 $104,323
2019 $2,578 $213,937 $111,659 $102,278
2018 $2,519 $209,743 $109,470 $100,273
2017 $2,473 $205,631 $107,324 $98,307
2016 $2,396 $201,600 $105,220 $96,380
2015 $2,372 $198,573 $103,640 $94,933
2014 $2,335 $194,684 $101,610 $93,074
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81808136

MLSListings

APN: 003-32-033