NOT LISTED FOR SALE

Estimated Value: $7,054,000 - $7,937,774

4 Beds
3.5 Baths
3,500 Sq Ft
$2,113/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $4,700,000 $1,343 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $44,815/month

21 Days on Market

Highlights

  • Wine Cellar
  • Cabana
  • Craftsman Architecture
  • Addison Elementary School Rated A+
  • City Lights View
  • Vaulted Ceiling

About This Home

As of October 2016

Located just steps from the vibrant downtown district of Palo Alto, this craftsman revival home offers a Crescent Park address with outstanding amenities. The four bedroom, three and one half bath floor plan is perfectly suited to todays family living, and includes a detached guest cottage. Al fresco entertaining areas feature a warm exterior fireplace and kitchen, pool and spa, and a lushly landscaped 11k square foot lot. Summary of the Home Renovated and expanded circa 1918 Craftsman Three owners over its100 years Sought-after Crescent Park neighborhood 4 bedrooms and 2.5 baths in the main home Three-room cottage including full bath Approximately 3,500 square feet of living space Newly painted, with newly refinished hardwood floors Stunning chef’s kitchen and adjoining family room Resort-inspired grounds with pool, spa, fireplace, dining, and barbecue center Just over one-quarter acre (approximately 11,000 square feet) Outstanding Palo Alto schools

Last Agent to Sell the Property

Derk T. Brill

Compass License #01256035 Listed on: 09/06/2016

Compass

Last Buyer's Agent

Umang Sanchorawala

Compass License #01471341

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $66,831

Year Built

  • Built in 1918

Lot Details

  • 0.25 Acre Lot
  • Gated Home
  • Wood Fence
  • Back Yard Fenced
  • Sprinklers on Timer
  • Zoning described as R1

Parking

  • 1 Car Detached Garage
  • Guest Parking
  • Uncovered Parking
  • Off-Site Parking

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Beamed Ceilings
  • Vaulted Ceiling
  • Skylights
  • 4 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Formal Entry
  • Wine Cellar
  • Great Room
  • Separate Family Room
  • Dining Area
  • Den
  • Library
  • Skyline Views
  • Laundry Room
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Self-Cleaning Oven
  • Gas Cooktop
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Solid Surface Bathroom Countertops
  • Stone Countertops In Bathroom
  • Granite Bathroom Countertops
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Steam Shower
  • Walk-in Shower

Pool

  • Cabana
  • Heated Pool and Spa
  • Black Bottom Pool
  • Heated In Ground Pool
  • Pool Sweep

Outdoor Features

  • Balcony
  • Outdoor Fireplace
  • Outdoor Kitchen
  • Barbecue Area

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 003-03-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$66,831

Year Built

Built in 1918

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Craftsman
  • Age: 98
  • Listing Class: Residential
  • Structure Sq Ft: 3500
  • Incorporated: Yes
  • Year Built: 1918
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Burning, Wood Burning
  • Dining Room: Breakfast Bar, Dining Area, Eat in Kitchen
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hookups - Gas, Island, Oven - Built-In, Oven - Self Cleaning, Pantry, Wine Refrigerator
  • Living Sq Ft: 3500
  • Stories: 2
  • Laundry: Hookup - Washer/Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Basement - Unfinished, Den / Study / Office, Formal Entry, Great Room, Guest House, Laundry Room, Library, Office Area, Storage, Wine Cellar / Storage
  • Fireplaces Min: 4
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Granite, Shower and Tub, Skylight, Solid Surface, Stall Shower, Steam Shower, Stone, Tile, Tub with Jets
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - Black Bottom, Cabana / Dressing Room, Pool - Heated, Pool - In Ground, Pool / Spa Combo, Spa / Hot Tub, Pool - Sweep
  • Roof: Composition
  • View: City Lights
  • Yard/Grounds: Balcony / Patio, BBQ Area, Fenced, Outdoor Fireplace, Outdoor Kitchen, Sprinklers - Auto, Sprinklers - Lawn
  • Pool: Yes
  • Fencing: Fenced, Fenced Back, Gate, Wood

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Detached Garage, Guest / Visitor Parking, Off-Site Parking, Uncovered Parking

Utilities

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

Association/Amenities

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

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: 003-03-034
  • Lot Acres: 0.2530
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11000.00

Green Features

  • Energy Features: Double Pane Windows, Tankless Water Heater

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
Sep 6, 2016
Closed on
Oct 20, 2016
Sold by
Kelly Michael P and Kelly Myrna C
Bought by
Fulton Scott James and Vasudeva Sumita
Seller's Agent
Derk T. Brill
Compass
Buyer's Agent
Umang Sanchorawala
Compass
List Price
$4,698,000
Sold Price
$4,700,000
Premium/Discount to List
$2,000
0.04%
Current Estimated Value
$7,395,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,695,194
Avg. Annual Appreciation
4.53%
Original Mortgage
$2,820,000
Outstanding Balance
$2,218,339
Interest Rate
2.45%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,723,858

Purchase Details

Closed on
Jan 12, 1996
Sold by
Kelly Michael P and Kelly Myrna C
Bought by
Kelly Michael P and Kelly Myrna C
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
Fulton Scott James $4,700,000 Chicago Title Company
Kelly Michael P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fulton-Vasudeva Family Trust $1,200,000
Open Fulton Scott James $2,820,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2016 10/31/16 Sold $4,700,000 0.0% $1,343 / Sq Ft
09/28/2016 09/28/16 Pending -- -- --
09/06/2016 09/06/16 For Sale $4,698,000 -- $1,342 / 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 $66,831 $5,723,565 $5,106,575 $616,990
2024 $66,831 $5,611,340 $5,006,447 $604,893
2023 $65,853 $5,501,315 $4,908,282 $593,033
2022 $65,102 $5,393,447 $4,812,042 $581,405
2021 $63,820 $5,287,694 $4,717,689 $570,005
2020 $62,480 $5,233,476 $4,669,315 $564,161
2019 $61,082 $5,070,660 $4,577,760 $492,900
2018 $58,037 $4,850,400 $4,488,000 $362,400
2017 $56,369 $4,700,000 $4,400,000 $300,000
2016 $4,985 $349,571 $125,467 $224,104
2015 $4,930 $344,321 $123,583 $220,738
2014 $4,746 $337,578 $121,163 $216,415
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81612925

MLSListings

APN: 003-03-034