NOT LISTED FOR SALE

862 Moreno Ave Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $3,214,000 - $3,958,000

3 Beds
2 Baths
1,351 Sq Ft
$2,604/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $3,300,000 $2,443 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $22,567/month

11 Days on Market

Highlights

  • Breakfast Area or Nook
  • Bathtub
  • Forced Air Heating and Cooling System
  • Palo Verde Elementary School Rated A+
  • Tile Flooring
  • Walk-in Shower

About This Home

As of May 2023

Enjoy picture perfect living in this Palo Alto showstopper! Tastefully updated with lux designer finishes, this spacious home is move in ready. The well appointed floorpan is ideal for daily living and entertaining. Abundant natural light streams through the home and the numerous windows showcase the manicured greenery surrounding. The chefs kitchen is host to abundant countertop and cabinet space. The peaceful master suite features an ensuite bathroom, gorgeous wood ceiling, and a private entrance to the lush yard. The bedrooms are light and bright. This home truly embodies the California lifestyle and the yard is a tranquil retreat for the senses. Prolific fruit trees dot the landscape and colorful blooms fill the space. Enjoy a meal al fresco on the patio or central deck and appreciate the private oasis. Ideally located, the home is nestled in one of the top neighborhoods of Palo Alto. It is exceptionally close to desirable amenities, high ranking schools, elite tech companies.

Last Agent to Sell the Property

Travis Conte

Berkshire Hathaway HomeServices DrysdaleProperties License #01911569 Listed on: 04/06/2023

Berkshire Hathaway HomeServices DrysdaleProperties

Last Buyer's Agent

Jenny Teng

Compass License #01023687

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,659

Year Built

  • Built in 1946

Lot Details

  • 8,185 Sq Ft Lot
  • Zoning described as R1

Parking

  • 2 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,351 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 127-29-045

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,659

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 77
  • Listing Class: Residential
  • Structure Sq Ft: 1351
  • Year Built: 1946
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Breakfast Nook, Dining Area, Dining Area in Living Room
  • Kitchen: Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 1351
  • Stories: 1
  • Bedrooms: More than One Bedroom on Ground Floor
  • Flooring: Tile, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Primary - Stall Shower(s), Tub, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • School District: Palo Alto Unified
  • Elementary School: Palo Verde Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 320
  • Middle School: 322

Lot Info

  • Parcel Number: 127-29-045
  • Lot Acres: 0.1879
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8187.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8187.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Palo Verde Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
Apr 28, 2023
Sold by
Iki Gordon S
Bought by
Zhang Nan and Zhang Xuyang
Seller's Agent
Travis Conte
Berkshire Hathaway HomeServices DrysdaleProperties
Buyer's Agent
Jenny Teng
Compass
List Price
$3,089,000
Sold Price
$3,300,000
Premium/Discount to List
$211,000
6.83%
Views
13
Current Estimated Value
$3,518,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,204
Avg. Annual Appreciation
0.82%
Original Mortgage
$2,475,000
Outstanding Balance
$2,415,894
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$945,291
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
Zhang Nan $3,300,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Nan $2,475,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $3,300,000 +6.8% $2,443 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $3,089,000 -- $2,286 / 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 $39,659 $3,705,240 $3,225,240 $480,000
2024 $39,659 $3,366,000 $3,162,000 $204,000
2023 $34,868 $2,950,000 $2,880,000 $70,000
2022 $1,104 $89,199 $36,978 $52,221
2021 $1,079 $87,451 $36,253 $51,198
2020 $1,057 $86,556 $35,882 $50,674
2019 $1,045 $84,860 $35,179 $49,681
2018 $1,029 $83,197 $34,490 $48,707
2017 $1,010 $81,566 $33,814 $47,752
2016 $970 $79,967 $33,151 $46,816
2015 $959 $78,767 $32,654 $46,113
2014 $945 $77,225 $32,015 $45,210
Source: Public Records

Agents Affiliated with this Home

  • Travis Conte

    Seller's Agent in 2023

    Travis Conte

    BHHS Drysdale

    (650) 520-5753

    3 in this area

    96 Total Sales

    Section Image
  • Jenny Teng

    Buyer's Agent in 2023

    Jenny Teng

    Compass

    (650) 111-1323

    2 in this area

    20 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81923797

MLSListings

APN: 127-29-045

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

862 Moreno Ave, Palo Alto, CA

This home is located at 862 Moreno Ave, Palo Alto, CA 94303 since 06 April 2023 and is currently estimated at $3,518,204, approximately $2,604 per square foot. This property was built in 1946. 862 Moreno 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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