NOT LISTED FOR SALE

Estimated Value: $5,617,242 - $6,685,000

5 Beds
4.5 Baths
2,781 Sq Ft
$2,176/Sq Ft Est. Value

Last Sold May 17, 2023

Last sale price $5,450,000 $1,960 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $37,408/month

13 Days on Market

Highlights

  • New Construction
  • Skyline View
  • Wood Flooring
  • Addison Elementary School Rated A+
  • Vaulted Ceiling
  • Main Floor Bedroom

About This Home

As of May 2023

Nestled on a quiet street in the prestigious Crescent Park neighborhood, this brand-new, modern, farm-style home is stunning in every regard. Thoughtfully designed for todays discerning homeowners, this elegant residence is highlighted by an open floor plan with beautiful hardwood floors, impressive 10-foot ceilings, and a plethora of windows providing an abundance of natural light. Stunning eat-in kitchen features an expansive island with counter seating for 5, crisp white cabinetry, Wolf gas range, & built-in Sub-Zero refrigerator. Magnificent family room opens to the kitchen with glass doors leading to the back patio. Ensuite bedroom on the main level and 4 additional bedrooms, including a fabulous primary suite on the second. Expansive level lot with pavered patio & lush lawn. Cal Green Tier 2 compliant. Prime location close to downtown Palo Alto shops/dining, Stanford University & Mall, plus outstanding PA schools.

Last Agent to Sell the Property

Greg Celotti

Compass License #01360103 Listed on: 03/30/2023

Compass

Last Buyer's Agent

Jerry Haslam

Coldwell Banker Realty License #01180022

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $65,411

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 7,501 Sq Ft Lot
  • Back Yard Fenced
  • Zoning described as R1

Parking

  • 1 Car Attached Garage

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 2,781 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights
  • Dining Area
  • Skyline Views
  • Laundry in unit

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Bathtub with Shower
  • Walk-in Shower

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 003-03-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$65,411

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 2781
  • Construction: New Construction
  • Incorporated: Yes
  • Year Built: 2023
  • Zoning Description: R1
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area, Eat in Kitchen
  • Kitchen: Cooktop - Gas, Countertop - Quartz, Dishwasher, Microwave, Refrigerator
  • Living Sq Ft: 2781
  • Stories: 2
  • Bedrooms: Ground Floor Bedroom, Walk-in Closet
  • Laundry: Inside
  • Flooring: Hardwood, Tile
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Full on Ground Floor, Half on Ground Floor, Shower and Tub, Shower over Tub - 1, Skylight, Stall Shower, Tub in Primary Bedroom

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Metal
  • Fencing: Fenced Back

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Vaulted Ceiling, Walk-in Closet

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: 003-03-027
  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7501.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7501.00

Green Features

  • Energy Features: Skylight

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
Mar 30, 2023
Closed on
May 3, 2023
Sold by
Jackson Hansel Lynn and Jackson Elizabeth King-L
Bought by
Murugesan Narayanan and Narayanan Sridevi
Seller's Agent
Greg Celotti
Compass
Buyer's Agent
Jerry Haslam
Coldwell Banker Realty
List Price
$5,498,000
Sold Price
$5,450,000
Premium/Discount to List
-$48,000
-0.87%
Views
70
Current Estimated Value
$6,051,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$601,311
Avg. Annual Appreciation
4.50%
Original Mortgage
$1,200,000
Outstanding Balance
$1,158,886
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$4,880,104

Purchase Details

Listed on
Mar 7, 2018
Closed on
Mar 28, 2018
Sold by
Wells Michael A and Wells Jonathan T
Bought by
Lynn Jackson Hansel and King Lynn Elizabeth
Seller's Agent
Alan Dunckel
Compass
Buyer's Agent
Greg Celotti
Compass
List Price
$3,500,000
Sold Price
$3,400,000
Premium/Discount to List
-$100,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%

Purchase Details

Closed on
Oct 15, 2010
Sold by
Wells David R
Bought by
Wells David R
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
Murugesan Narayanan $5,450,000 Fidelity National Title Compan
Lynn Jackson Hansel $3,400,000 Chicago Title Co
Wells David R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murugesan Narayanan $1,200,000
Previous Owner Wells David Russel $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2023 05/17/23 Sold $5,450,000 -0.9% $1,960 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $5,498,000 +61.7% $1,977 / Sq Ft
04/03/2018 04/03/18 Sold $3,400,000 -2.9% $1,443 / Sq Ft
03/22/2018 03/22/18 Pending -- -- --
03/07/2018 03/07/18 For Sale $3,500,000 -- $1,485 / 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 $65,411 $5,670,180 $4,005,540 $1,664,640
2024 $65,411 $5,559,000 $3,927,000 $1,632,000
2023 $55,009 $4,649,396 $3,718,396 $931,000
2022 $47,714 $3,997,487 $3,645,487 $352,000
2021 $42,614 $3,574,007 $3,574,007 $0
2020 $41,708 $3,537,360 $3,537,360 $0
2019 $41,257 $3,468,000 $3,468,000 $0
2018 $39,488 $3,350,000 $3,290,000 $60,000
2017 $1,397 $114,357 $44,368 $69,989
2016 $1,347 $112,116 $43,499 $68,617
2015 $1,333 $110,433 $42,846 $67,587
2014 $1,313 $108,271 $42,007 $66,264
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81923050

MLSListings

APN: 003-03-027