NOT LISTED FOR SALE

Estimated Value: $4,862,018 - $6,668,000

4 Beds
3 Baths
2,720 Sq Ft
$2,108/Sq Ft Est. Value

Last Sold March 09, 2012

Last sale price $2,495,000 $917 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $31,412/month

10 Days on Market

Highlights

  • Primary Bedroom Suite
  • Contemporary Architecture
  • Marble Flooring
  • Palo Verde Elementary School Rated A+
  • Family Room with Fireplace
  • Main Floor Bedroom

About This Home

As of March 2012

Midtown custom-built 5 yrs new luxury home, ~2,720 sf plus 406 sf attached 2-car garage on nearly 8,000 sf.lot in a private cul-de-sac.This home integrates magnificent materials & design elements throughout.High ceilings, crown moldings, a spiral staircase,beautiful Brazilian cherry hardwood floors, wall of windows, granite countertops, Thermador appliances, enormous family room,bright kitchen.

Last Agent to Sell the Property

Judy Shen

Coldwell Banker Realty License #01272874 Listed on: 02/15/2012

Coldwell Banker Realty

Last Buyer's Agent

Kim Connor

Intero Real Estate Services License #01735816

Intero Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,016

Year Built

  • Built in 2007

Lot Details

  • Level Lot
  • Zoning described as R1

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,720 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • High Ceiling
  • Skylights
  • Gas Log Fireplace
  • Double Pane Windows
  • Bay Window
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • 3 Full Bathrooms
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 127-27-051

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,016

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Contemporary
  • Age: 5
  • Sale Price Per Sq Ft: 917.28
  • Level Street Main: Bedroom(s)
  • Listing Class: Residential
  • Structure Sq Ft: 2720
  • Barclay Horizontal: 12
  • Barclays Page: 12
  • Incorporated: Yes
  • Map Book Page: 791
  • Map Book Page Secondary: 12
  • Map Side Coordinate: 6
  • Map Side Coordinate Secondary: 82
  • Map Top Coordinate: D
  • Map Top Coordinate Secondary: 12
  • Thomas Bros Page: 791
  • Thomas Brothers: D6
  • Year Built: 2007
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Family Room, Living Room, Gas Log, Gas Starter, Yes
  • Dining Room: Dining Area in Living Room, Breakfast Nook, Breakfast Bar, Eat in Kitchen, Dining "L"
  • Kitchen: Pantry, Dishwasher, Cooktop, Refrigerator, Microwave, Ovens - 2+, Oven - Built-In, 220 Volt Outlet, Hookups - Gas
  • Living Sq Ft: 2720
  • Stories: 2
  • Security: Security Alarm - Owned
  • Bedrooms: Primary Suite / Retreat, Ground Floor Bedroom
  • Laundry: In Laundry Room, Dryer, Washer, Gas Hookup, 220 Volt Outlet
  • Flooring: Tile, Carpet - Wall to Wall, Hardwood, Marble
  • Additional Rooms: Formal Entry
  • Maximum Bathrooms: 3
  • Maximum Numberof Bedrooms: 4
  • Minimum Bathrooms: 3
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Showers over Tubs - 2+, Tubs - 2+, Stall Shower, Tub in Primary Bedroom, Tub with Jets

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Shingle
  • View: Local/Neighborhood
  • Yard/Grounds: Patio(s), Sprinkler(s) - Front, Sprinkler(s) - Rear
  • Exterior: Wood, Stone

Garage/Parking

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

Utilities

  • Cooling System: Central AC
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Window Covering(s), Double Pane Windows(s), High Ceiling, Wet Bar, Bay Window

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

  • Lot Description: Grade - Level
  • Parcel Number: 127-27-051
  • Lot Location: Cul-de-Sac
  • List Price per Sq Ft: 917.28
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7945.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7945.00
  • Lot Size Area Min Search: 7945.00
  • Maximum Lot Size: 7945.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Green Features

  • Energy Features: Double Pane Windows, Skylight

Multi Family

  • Maximum Building Height: 2
  • Minimum Building Height: 2

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
Feb 12, 2014
Sold by
Lee Donald and Lee Shirley
Bought by
Lee Family Trust
Current Estimated Value
$5,173,688

Purchase Details

Listed on
Feb 15, 2012
Closed on
Mar 5, 2012
Sold by
Yuan Li Pen and Chang Hsin Wen
Bought by
Lee Donald and Lee Shirley
Seller's Agent
Judy Shen
Coldwell Banker Realty
Buyer's Agent
Kim Connor
Intero Real Estate Services
List Price
$2,495,000
Sold Price
$2,495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$900,000
Outstanding Balance
$601,946
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$5,130,559

Purchase Details

Closed on
Jul 17, 2007
Sold by
Wang Wei Shun and Lin Huiru
Bought by
Yuan Li Pen and Chang Hsin Wen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2002
Sold by
Wang Wei Shun
Bought by
Wang Wei Shun and Lin Huiru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.75%

Purchase Details

Closed on
Oct 28, 1999
Sold by
Revati Srinagesh Padmanabhan and Revati Shreeniwas
Bought by
Wang Wei Shun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.5%

Purchase Details

Closed on
Oct 25, 1999
Sold by
Baron Yehuda and Baron Anne
Bought by
Wang Wei Shun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.5%

Purchase Details

Closed on
Nov 21, 1998
Sold by
Baron Yehuda and Baron David
Bought by
Baron David and Baron Anne

Purchase Details

Closed on
Feb 20, 1996
Sold by
Baron Yehuda
Bought by
Baron Yehuda and Baron Anne
Source: Public Records

Range of Values:

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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
Lee Family Trust -- None Available
Lee Donald $2,494,750 Chicago Title Company
Yuan Li Pen -- First American Title Company
Wang Wei Shun -- Fidelity National Title Ins
Wang Wei Shun -- Chicago Title Co
Wang Wei Shun $730,000 Chicago Title Co
Baron David -- --
Baron Yehuda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Donald $900,000
Previous Owner Yuan Li Pen $1,100,000
Previous Owner Yuan Li Pen $1,200,000
Previous Owner Wang Wei Shun $660,000
Previous Owner Wang Wei Shun $160,000
Previous Owner Wang Wei Shun $240,000
Previous Owner Wang Wei Shun $275,000
Previous Owner Wang Wei Shun $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2012 03/09/12 Sold $2,495,000 0.0% $917 / Sq Ft
02/25/2012 02/25/12 Pending -- -- --
02/15/2012 02/15/12 For Sale $2,495,000 -- $917 / 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 $37,016 $3,133,853 $1,852,679 $1,281,174
2024 $37,016 $3,072,405 $1,816,352 $1,256,053
2023 $36,471 $3,012,163 $1,780,738 $1,231,425
2022 $36,050 $2,953,102 $1,745,822 $1,207,280
2021 $35,339 $2,895,199 $1,711,591 $1,183,608
2020 $34,605 $2,865,513 $1,694,041 $1,171,472
2019 $34,224 $2,809,327 $1,660,825 $1,148,502
2018 $33,278 $2,754,243 $1,628,260 $1,125,983
2017 $32,694 $2,700,239 $1,596,334 $1,103,905
2016 $31,837 $2,647,294 $1,565,034 $1,082,260
2015 $31,528 $2,607,530 $1,541,526 $1,066,004
2014 $30,914 $2,556,453 $1,511,330 $1,045,123
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81205910

MLSListings

APN: 127-27-051