NOT LISTED FOR SALE

Estimated Value: $2,671,000 - $3,377,000

2 Beds
1 Bath
997 Sq Ft
$2,948/Sq Ft Est. Value

Last Sold June 13, 2023

Last sale price $2,500,000 $2,508 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $18,029/month

7 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • 1 Car Detached Garage
  • Addison Elementary School Rated A+
  • Cottage
  • Bathtub with Shower

About This Home

As of June 2023

Location * Location * Location. Live in the heart of lovely and peaceful Crescent Park. Waiting for your personal improvements or expansion potential. Buyer to verify lot dimensions. French doors open to private front yard. Home has large homes on either side. Home has hardwood floors and 2 good sized bedrooms. Inside Utility Room is off the kitchen. Property faces West, front door faces North. Close to Addison Elementary School, downtown Palo Alto with shops and restaurants. A spacious cottage to to enhance to your personal taste.

Last Agent to Sell the Property

Angela White

Compass License #01023792 Listed on: 05/10/2023

Compass

Last Buyer's Agent

Jeffrey Lee

Movoto, Inc License #01303684

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,076

Year Built

  • Built in 1946

Lot Details

  • 5,001 Sq Ft Lot
  • Zoning described as R1

Parking

  • 1 Car Detached Garage

Home Design

  • Cottage
  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 997 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Wood Flooring
  • Neighborhood Views
  • Crawl Space
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Bathtub with Shower

Utilities

  • Floor Furnace

Listing and Financial Details

  • Assessor Parcel Number 003-25-059

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,076

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage
  • Property Condition: Fixer Upper
  • Age: 77
  • Listing Class: Residential
  • Structure Sq Ft: 997
  • Year Built: 1946
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining "L"
  • Living Sq Ft: 997
  • Stories: 1
  • Bedrooms: Ground Floor Bedroom, More than One Bedroom on Ground Floor
  • Laundry: In Utility Room, Inside
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Full on Ground Floor, Shower over Tub - 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition
  • View: Neighborhood

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Detached Garage

Utilities

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

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Parcel Number: 003-25-059
  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

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: Frank S. Greene Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
May 24, 2023
Sold by
Robert H Godbe Revocable Trust
Bought by
Zheng Yu and Yang Zhangboya
Seller's Agent
Angela White
Compass
Buyer's Agent
Jeffrey Lee
Movoto, Inc
List Price
$2,400,000
Sold Price
$2,500,000
Premium/Discount to List
$100,000
4.17%
Views
294
Current Estimated Value
$2,939,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$439,374
Avg. Annual Appreciation
6.30%
Original Mortgage
$100,000
Outstanding Balance
$17,800
Interest Rate
6.43%
Estimated Equity
$2,852,254

Purchase Details

Closed on
Dec 7, 2006
Sold by
Godbe Robert H
Bought by
Godbe Robert H
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
Zheng Yu $2,500,000 Orange Coast Title
Godbe Robert H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Yu $100,000
Open Zheng Yu $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2023 06/13/23 Sold $2,500,000 +4.2% $2,508 / Sq Ft
05/18/2023 05/18/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $2,400,000 -- $2,407 / 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 $30,076 $2,601,000 $2,548,980 $52,020
2024 $30,076 $2,550,000 $2,499,000 $51,000
2023 $1,020 $75,433 $42,381 $33,052
2022 $1,006 $73,954 $41,550 $32,404
2021 $985 $72,505 $40,736 $31,769
2020 $965 $71,763 $40,319 $31,444
2019 $955 $70,357 $39,529 $30,828
2018 $862 $68,978 $38,754 $30,224
2017 $845 $67,627 $37,995 $29,632
2016 $810 $66,301 $37,250 $29,051
2015 $801 $65,306 $36,691 $28,615
2014 $789 $64,028 $35,973 $28,055
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81927760

MLSListings

APN: 003-25-059