NOT LISTED FOR SALE

841 Bruce Dr Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $5,537,000 - $6,278,000

5 Beds
4 Baths
3,135 Sq Ft
$1,874/Sq Ft Est. Value

Last Sold September 20, 2021

Last sale price $3,370,000 $1,075 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $36,457/month

18 Days on Market

Highlights

  • Breakfast Area or Nook
  • Home to be built
  • Wood Burning Fireplace
  • Palo Verde Elementary School Rated A+

About This Home

As of September 2021

READY to BUILD at the prime location on a desirable street surrounded by new homes in Palo Alto. the city planning permit has been approved to build a new home, completed with a full arborist report (most of trees were permitted to cut.) - Total area including ADU and garage 3,135sqft - Main house has 4 bed/3 bath - Attached ADU is a studio with bathroom, its own kitchen and laundry closet that can be used as in-law unit. - Plan features high ceilings all around, with 11 foot ceilings in the family room and a 9'6" ceiling in the master bedroom - rare in Palo Alto area for a 2 story home - 10 bay windows create extra interior space - large covered patio off the family room at the rear yard - Excellent Palo Alto schools from elementary to high school! - 15 minutes bike ride to Palo Alto High School and Downtown to enjoy the amenities and lifestyle of Palo Alto. You can also just move in to enjoy the existing 3 bed/2.5 bath cabin (1419sqft) with reminiscent of Lake Tahoe in the woods.

Last Agent to Sell the Property

Jean O'Young

Bay One Realty License #02025996 Listed on: 08/20/2021

Last Buyer's Agent

Tracy Hsu

U16818 Financial Services License #01350306

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,279

Year Built

  • Built in 1946

Lot Details

  • 6,996 Sq Ft Lot
  • Zoning described as R1

Parking

  • 2 Car Garage

Home Design

  • Home to be built
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,135 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 127-29-051

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,279

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 75
  • Listing Class: Residential
  • Structure Sq Ft: 3135
  • Construction: New-To Be Built
  • Year Built: 1946
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Wood Burning
  • Dining Room: Breakfast Nook
  • Living Sq Ft: 3135
  • Stories: 2
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 127-29-051
  • Lot Acres: 0.1606
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6995.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6995.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2024
Sold by
Bruce Group Llc
Bought by
Zhang Dan and Mao Yifei
Current Estimated Value
$5,875,916

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
Outstanding Balance
$1,182,058
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$4,693,858

Purchase Details

Listed on
Aug 20, 2021
Closed on
Sep 16, 2021
Sold by
Bruce Drive Realty Llc
Bought by
Bruce Group Llc
Seller's Agent
Jean O'Young
Bay One Realty
Buyer's Agent
Tracy Hsu
U16818 Financial Services
List Price
$3,499,000
Sold Price
$3,370,000
Premium/Discount to List
-$129,000
-3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.20%

Purchase Details

Closed on
Aug 28, 2020
Sold by
Bates Robert C and Robert C Bates 2016 Trust
Bought by
Bruce Drive Realty Llc

Purchase Details

Closed on
Nov 30, 2016
Sold by
Bates Robert C
Bought by
Bates Robert C
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
Zhang Dan $5,700,000 First American Title
Bruce Group Llc $3,370,000 Old Republic Title Company
Bruce Drive Realty Llc $2,450,000 Chicago Title Company
Bates Robert C -- None Available
Bates Robert C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Dan $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2021 09/20/21 Sold $3,370,000 -3.7% $1,075 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $3,499,000 -- $1,116 / 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 $53,279 $5,814,000 $4,284,000 $1,530,000
2024 $53,279 $4,525,824 $3,495,744 $1,030,080
2023 $44,478 $3,757,200 $3,427,200 $330,000
2022 $41,096 $3,370,000 $3,360,000 $10,000
2021 $29,287 $2,450,000 $2,425,000 $25,000
2020 $1,000 $81,703 $34,620 $47,083
2019 $988 $80,102 $33,942 $46,160
2018 $974 $78,532 $33,277 $45,255
2017 $956 $76,993 $32,625 $44,368
2016 $121 $75,485 $31,986 $43,499
2015 $117 $74,352 $31,506 $42,846
2014 $119 $72,896 $30,889 $42,007
Source: Public Records

Agents Affiliated with this Home

  • Jean O'Young

    Seller's Agent in 2021

    Jean O'Young

    Bay One Realty

    (408) 708-8815

    1 in this area

    25 Total Sales

    Jean O'Young
    Section Image

  • T

    Buyer's Agent in 2021

    Tracy Hsu

    U16818 Financial Services

    (408) 564-4688

    1 in this area

    72 Total Sales

    Tracy Hsu
    Section Image
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Map

Source: MLSListings

MLS Number: ML81859309

MLSListings

APN: 127-29-051

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

841 Bruce Dr, Palo Alto, CA

This home is located at 841 Bruce Dr, Palo Alto, CA 94303 since 20 August 2021 and is currently estimated at $5,875,916, approximately $1,874 per square foot. This property was built in 1946. 841 Bruce Dr is a home located in Santa Clara County with nearby schools including Palo Verde Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

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