NOT LISTED FOR SALE

Estimated Value: $2,431,000 - $2,832,000

2 Beds
2 Baths
1,056 Sq Ft
$2,555/Sq Ft Est. Value

Last Sold October 15, 2018

Last sale price $2,400,000 $2,273 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $17,097/month

67 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Floor Furnace
  • Addison Elementary School Rated A+
  • Bathtub with Shower
  • Dining Area

About This Home

As of October 2018

Tremendous Opportunity to Live in, Invest, or Build! Whether you are looking live in one unit and rent the other, build your dream home or buy a tremendous investment property, this is the opportunity you have been waiting for. This property is located on a picturesque, tree lined street in the Crescent Park neighborhood of Palo Alto; yet, just a few blocks away to the many restaurants, cafes, parks and shops of Downtown Palo Alto. Great Palo Alto Schools: Addison Elementary, Jordan Middle, Palo Alto High. ( Buyers to verify). As an investment, situated on a beautifully landscaped lot are 2 charming 1-bedroom, 1-bath bungalows with a shared two car garage and laundry. Projected rents for each of the vacant units is approximately $3,500 - $4,000 per month. As an opportunity to build, per the city (buyers to verify) 5,000 s.f lot Zoned R1 Max Floor Area 2,250 s.f.

Last Agent to Sell the Property

Nadr Essabhoy

Compass License #01085354 Listed on: 07/07/2018

Compass

Co-Listed By

Alan Dunckel

Compass License #00866010

Last Buyer's Agent

Jing Liu

Coldwell Banker Realty License #02044402

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,625

Year Built

  • Built in 1922

Lot Details

  • 5,053 Sq Ft Lot
  • Zoning described as R1

Parking

  • 2 Car Detached Garage

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,056 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Gas Oven

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in Garage
  • Laundry Located Outside

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 003-01-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,625

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 96
  • Listing Class: Residential
  • Structure Sq Ft: 1056
  • Year Built: 1922
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area
  • Kitchen: Oven Range - Gas
  • Living Sq Ft: 1056
  • Stories: 1
  • Laundry: In Garage, Outside
  • Flooring: Vinyl / Linoleum, Wood
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Showers over Tubs - 2+

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Floor Furnace, Wall Furnace
  • Sewer/Septic System: Sewer Connected

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: 003-01-010
  • Lot Acres: 0.1160
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5052.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5052.00

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

Closed on
Jul 30, 2025
Sold by
Zou Qingshan and Liu Jing
Bought by
Kaitong Trust and Zou
Current Estimated Value
$2,698,586

Purchase Details

Listed on
Jul 7, 2018
Closed on
Oct 2, 2018
Sold by
Shackelford Leslie and Shackelford Leslie
Bought by
Zou Qingshan and Liu Jing
Seller's Agent
Nadr Essabhoy
Compass
Buyer's Agent
Jing Liu
Coldwell Banker Realty
List Price
$2,698,000
Sold Price
$2,400,000
Premium/Discount to List
-$298,000
-11.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.69%
Original Mortgage
$1,560,000
Interest Rate
3.61%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 8, 2014
Sold by
Clark Jane
Bought by
Shackelford Leslie

Purchase Details

Closed on
Dec 14, 2009
Sold by
Cartan Dorothy M
Bought by
Cartan Dorothy M and Dorothy M Cartan Family Trust Of 1991

Purchase Details

Closed on
Nov 7, 2006
Sold by
Carmody Patrice E and Carmody Richard Jess
Bought by
Shackelford Leslie and Cartan Dorothy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,600
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2006
Sold by
Mitchell David W and Reller Elizabeth
Bought by
Reller Stephen and Reller William Mclain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,600
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 2006
Sold by
Carmody Patrice E
Bought by
Carmody Richard Jess and Carmody Patrice E

Purchase Details

Closed on
Jul 8, 2002
Sold by
Edelberg Elaine R
Bought by
Edelberg Elaine R and Carmody Patrice

Purchase Details

Closed on
Feb 27, 1998
Sold by
Mcgarry Joseph F
Bought by
Mcgarry Joseph F and Joseph F Mcgarry Revocable Trust
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
Kaitong Trust -- Chicago Title
Zou Qingshan $2,400,000 Old Republic Title Co
Shackelford Leslie -- None Available
Cartan Dorothy M -- None Available
Shackelford Leslie -- Old Republic Title Company
Reller Stephen -- Old Republic Title Company
Carmody Richard Jess -- None Available
Carmody Patrice E -- None Available
Edelberg Elaine R -- --
Mcgarry Joseph F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zou Qingshan $1,560,000
Previous Owner Shackelford Leslie $200,000
Previous Owner Shackelford Leslie $162,400
Previous Owner Shackelford Leslie $877,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2018 10/15/18 Sold $2,400,000 -3.9% $2,273 / Sq Ft
09/13/2018 09/13/18 Pending -- -- --
08/25/2018 08/25/18 Price Changed $2,498,000 -7.4% $2,366 / Sq Ft
07/07/2018 07/07/18 For Sale $2,698,000 -- $2,555 / 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 $32,625 $2,745,288 $2,677,243 $68,045
2024 $32,625 $2,691,460 $2,624,749 $66,711
2023 $32,145 $2,638,687 $2,573,284 $65,403
2022 $31,775 $2,586,949 $2,522,828 $64,121
2021 $31,149 $2,536,225 $2,473,361 $62,864
2020 $30,505 $2,510,220 $2,448,000 $62,220
2019 $30,169 $2,461,000 $2,400,000 $61,000
2018 $16,142 $1,291,706 $1,177,494 $114,212
2017 $15,859 $1,266,379 $1,154,406 $111,973
2016 $15,441 $1,241,549 $1,131,771 $109,778
2015 $15,287 $1,222,901 $1,114,771 $108,130
2014 $14,936 $1,198,947 $1,092,935 $106,012
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81713393

MLSListings

APN: 003-01-010