861 Newell Place Palo Alto, CA 94303
Duveneck-Saint Francis Neighborhood
4
Beds
3
Baths
2,592
Sq Ft
8,594
Sq Ft Lot
Highlights
- Private Pool
- Forced Air Zoned Heating and Cooling System
- 1-Story Property
- Duveneck Elementary School Rated A+
- Family or Dining Combination
About This Home
As of April 2025Nestled at the end of a calm yet central cul de sac in Crescent Park Addition, this single-level oasis, effectively built in 2003, is thoughtfully redesigned to embrace indoor-outdoor living to the fullest. The oversized great room and primary suite share access to a stunning retreat with 40-foot heated pool and spa, while expansive windows and skylights bathe interiors with warm natural light. The chefs kitchen offers a large island, breakfast nook, custom storage and stainless appliances. A bedroom and full bath join the large family room to form a private guest apartment if needed. Dominating the main sleeping wing, the primary suite dazzles with a custom walk-in closet and spa bath with soaking tub. Enjoy 5 zones of heating and cooling, wraparound leisure patios, premium BBQ, and upgrades including sleek baths, wide-plank floors, and tech amenities. The outstanding location blends coveted tranquility with easy access to top parks, cultural attractions, and excellent Palo Alto schools.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $47,909
Year Built
- Built in 1955
Lot Details
- 8,594 Sq Ft Lot
- Zoning described as R1
Parking
- 2 Car Garage
Home Design
- Flat Roof Shape
- Slab Foundation
- Bitumen Roof
Interior Spaces
- 2,592 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Family or Dining Combination
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Additional Features
- Private Pool
- Forced Air Zoned Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 003-29-065
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 26, 2025
Closed on
Mar 24, 2025
Sold by
Olshan Craig and Shuokui Chen
Bought by
Desai Nimesh R and Dua Renee
Seller's Agent
Xin Jiang
Compass
Buyer's Agent
John Forsyth James
Compass
List Price
$4,298,000
Sold Price
$5,109,000
Premium/Discount to List
$811,000
18.87%
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,780
Avg. Annual Appreciation
-1.37%
Original Mortgage
$2,600,000
Outstanding Balance
$2,587,247
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$2,494,973
Purchase Details
Listed on
Aug 2, 2023
Closed on
Aug 16, 2023
Sold by
Rm 2020 Trust
Bought by
Olshan Craig and Olshan Shuokui Chen
Seller's Agent
Michael Repka
Deleon Realty
Buyer's Agent
Michael Repka
Deleon Realty
List Price
$3,988,000
Sold Price
$4,000,000
Premium/Discount to List
$12,000
0.3%
Views
21
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.64%
Original Mortgage
$2,300,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 24, 2021
Sold by
Majeti Ravindra and Majeti Jiangwen Zhu
Bought by
Majeti Ravindra and The Rm 2020 Trust
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
2%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 19, 2019
Sold by
Majeti Ravindra and Majeti Jiangwen
Bought by
Majeti Ravindra and Majeti Jiangwen Zhu
Purchase Details
Closed on
Feb 7, 2012
Sold by
Scott Clarence and Archambeau Shellye L
Bought by
Majeti Ravindra and Majeti Jiangwen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 7, 2005
Sold by
Scott Clarence and Archambeau Shellye L
Bought by
Scott Clarence and Archambeau Shellye L
Purchase Details
Closed on
May 27, 2003
Sold by
Glen David M and Esslinger Katharine N
Bought by
Scott Clarence and Archambeau Shellye
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.15%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Sep 26, 2001
Sold by
Glen David M and Esslinger Katharine N
Bought by
Glen David M and Esslinger Katharine N
Similar Homes in Palo Alto, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $5,109,000 | Chicago Title | |
| Grant Deed | $4,000,000 | First American Title | |
| Interfamily Deed Transfer | -- | Boston National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $2,149,750 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | Chicago Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,600,000 | New Conventional | |
| Previous Owner | $2,300,000 | New Conventional | |
| Previous Owner | $1,000,000 | New Conventional | |
| Previous Owner | $1,000,000 | New Conventional | |
| Previous Owner | $450,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $990,771 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,300,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $999,000 | New Conventional | |
| Previous Owner | $999,000 | New Conventional | |
| Previous Owner | $999,000 | Unknown | |
| Previous Owner | $1,050,000 | Unknown | |
| Previous Owner | $120,000 | Credit Line Revolving | |
| Previous Owner | $960,000 | Purchase Money Mortgage | |
| Previous Owner | $250,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2025 04/15/25 | Sold | $5,109,000 | +18.9% | $1,971 / Sq Ft |
| 03/05/2025 03/05/25 | Pending | -- | -- | -- |
| 02/26/2025 02/26/25 | For Sale | $4,298,000 | +7.5% | $1,658 / Sq Ft |
| 09/11/2023 09/11/23 | Sold | $4,000,000 | +0.3% | $1,637 / Sq Ft |
| 08/10/2023 08/10/23 | Pending | -- | -- | -- |
| 08/02/2023 08/02/23 | For Sale | $3,988,000 | -- | $1,632 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $47,909 | $4,080,000 | $3,672,000 | $408,000 |
| 2024 | $47,909 | $4,000,000 | $3,600,000 | $400,000 |
| 2023 | $47,909 | $2,595,649 | $2,293,834 | $301,815 |
| 2022 | $31,272 | $2,544,755 | $2,248,857 | $295,898 |
| 2021 | $30,574 | $2,494,859 | $2,204,762 | $290,097 |
| 2020 | $29,941 | $2,469,278 | $2,182,155 | $287,123 |
| 2019 | $29,610 | $2,420,862 | $2,139,368 | $281,494 |
| 2018 | $28,795 | $2,373,395 | $2,097,420 | $275,975 |
| 2017 | $28,288 | $2,326,859 | $2,056,295 | $270,564 |
| 2016 | $27,547 | $2,281,235 | $2,015,976 | $265,259 |
| 2015 | $27,278 | $2,246,970 | $1,985,695 | $261,275 |
| 2014 | $26,732 | $2,202,955 | $1,946,798 | $256,157 |
Source: Public Records
Agents Affiliated with this Home
-
Xin Jiang
Seller's Agent in 2025
Xin Jiang
Compass
(650) 283-8379
5 in this area
59 Total Sales
-
John Forsyth James
Buyer's Agent in 2025
John Forsyth James
Compass
(650) 218-4337
3 in this area
76 Total Sales
-
Michael Repka
Seller's Agent in 2023
Michael Repka
Deleon Realty
(650) 488-7325
19 in this area
778 Total Sales
Map
Source: MLSListings
MLS Number: ML81995627
APN: 003-29-065
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