NOT LISTED FOR SALE

848 Colorado Ave Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $4,343,000 - $5,494,000

5 Beds
3 Baths
2,646 Sq Ft
$1,840/Sq Ft Est. Value

Last Sold October 21, 2021

Last sale price $4,250,000 $1,606 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $30,423/month

4 Days on Market

Highlights

  • Deck
  • Living Room with Fireplace
  • Main Floor Bedroom
  • Palo Verde Elementary School Rated A+
  • Marble Flooring
  • High Ceiling

About This Home

As of October 2021

New beginnings await with this stunning, move-in ready home, which was expanded & remodeled in 2002, upgraded in 2010. Situated in a prime Midtown location, the home opens to a grand entry with vaulted ceilings, crown molding, a gas fireplace, a separate dining area, a gourmet kitchen with custom cabinetry, granite counters, stainless steel appliances, & a breakfast bar. The master suite balcony faces the rear yard, a walk-in closet, a gas fireplace, large bathroom with a dual sink vanity, shower, jacuzzi, and more! Entertain family & friends in this open concept floorplan that makes efficient use of the living space. Newly painted interior and exterior, refinished hardwood floors, and newly landscaped front and back yard. Step into your spacious private yard with ample shade from mature trees, deck, and kids playhouse. Minutes to Palo Altos finest shops and restaurants. Quick access to Oregon EXPWY, 101 FWY, and several tech campuses nearby, including Facebook, Google, and Microsoft.

Last Agent to Sell the Property

Avi Urban

Compass License #01485729 Listed on: 09/16/2021

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,817

Year Built

  • 1953

Lot Details

  • 7,353 Sq Ft Lot
  • North Facing Home
  • Gated Home
  • Back and Front Yard Fenced
  • Sprinklers on Timer

Parking

  • 1 Car Garage
  • 3 Carport Spaces
  • Electric Vehicle Home Charger
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Foundation Moisture Barrier
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Floor Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,646 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Bay Window
  • Living Room with Fireplace
  • 2 Fireplaces
  • Combination Dining and Living Room
  • Crawl Space
  • Security Gate
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Granite Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

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

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Vented Exhaust Fan

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,817

Year Built

1953

Lot Details

0

Parking

1

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Age: 68
  • Listing Class: Residential
  • Structure Sq Ft: 2646
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1953

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Starter, Living Room
  • Dining Room: Breakfast Bar, Dining Area In Living Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Ice Maker, Microwave, Oven - Built-In, Refrigerator, Trash Compactor, Wine Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 2646
  • Stories: 2
  • Bedrooms: Ground Floor Bedroom
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Marble
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Full On Ground Floor, Oversized Tub, Shower And Tub, Stall Shower

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space, Foundation Moisture Barrier, Post And Pier
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced Back, Fenced Front, Gate
  • Property Faces: North
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage, Electric Car Hookup, Gate / Door Opener, On Street
  • Carport Min: 3

Utilities

  • Cooling System: Central Ac, Multi-Zone
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Bay Window, High Ceiling, Security Gate, Walk-In Closet

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1688
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7355.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7355.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Energy Star Lighting, Insulation - Floor

Multi Family

  • Utilities: Natural Gas, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Oct 7, 2021
Sold by
Dilip Limited
Bought by
Fu Mingang and Li Ji
Seller's Agent
Avi Urban
Compass
Buyer's Agent
Juliana Lee
JLEE Realty
List Price
$3,850,000
Sold Price
$4,250,000
Premium/Discount to List
$400,000
10.39%
Current Estimated Value
$4,867,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$617,519
Avg. Annual Appreciation
3.60%
Original Mortgage
$3,400,000
Outstanding Balance
$3,069,424
Interest Rate
1.98%
Mortgage Type
New Conventional
Estimated Equity
$1,798,095

Purchase Details

Closed on
Jul 13, 2010
Sold by
Phung Kiet Ai
Bought by
Limted Dilip

Purchase Details

Closed on
Jul 29, 2003
Sold by
Phung Binh and Phung Kiet Ai
Bought by
Phung Kiet Ai

Purchase Details

Closed on
Nov 27, 2002
Sold by
Phung Binh and Phung Kiet Ai
Bought by
Phung Binh and Phung Kiet Ai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.75%

Purchase Details

Closed on
Dec 9, 1997
Sold by
Elmquist Angela R
Bought by
Elmquist Paul D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
8.45%

Purchase Details

Closed on
Dec 8, 1997
Sold by
Stouffer Barbara and Elmquist Paul D
Bought by
Phung Binh and Phung Kiet Ai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
8.45%

Purchase Details

Closed on
Jul 14, 1997
Sold by
Stouffer Barbara Elmquist
Bought by
Stouffer Barbara and Elmquist Paul D
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
Fu Mingang $4,250,000 Chicago Title Company
Limted Dilip $1,713,000 Chicago Title Company
Phung Kiet Ai -- --
Phung Binh -- Fidelity National Title Ins
Elmquist Paul D -- First American Title Guarant
Harvey Sandra J -- First American Title Guarant
Phung Binh -- First American Title Guarant
Stouffer Barbara -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fu Mingang $3,400,000
Previous Owner Phung Kiet Ai $250,000
Previous Owner Phung Kiet Ai $999,000
Previous Owner Phung Binh $1,000,000
Previous Owner Phung Binh $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2021 10/21/21 Sold $4,250,000 +10.4% $1,606 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $3,850,000 -- $1,455 / 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 $46,817 $4,510,133 $3,555,046 $955,087
2024 $46,817 $4,421,700 $3,485,340 $936,360
2023 $44,083 $4,335,000 $3,417,000 $918,000
2022 $51,573 $4,250,000 $3,350,000 $900,000
2021 $25,092 $2,027,383 $1,419,145 $608,238
2020 $24,577 $2,006,596 $1,404,594 $602,002
2019 $24,305 $1,967,252 $1,377,053 $590,199
2018 $23,641 $1,928,679 $1,350,052 $578,627
2017 $23,226 $1,890,863 $1,323,581 $567,282
2016 $22,617 $1,853,788 $1,297,629 $556,159
2015 $22,397 $1,825,943 $1,278,138 $547,805
2014 $21,931 $1,790,177 $1,253,102 $537,075
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Avi Urban

    Compass

    Section Image

  • J

    Buyer's Agent in 2021

    Juliana Lee

    JLEE Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81862935

MLSListings

APN: 127-27-065

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

848 Colorado Ave, Palo Alto, CA

This home is located at 848 Colorado Ave, Palo Alto, CA 94303 since 16 September 2021 and is currently estimated at $4,867,519, approximately $1,839 per square foot. This property was built in 1953. 848 Colorado Ave 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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