NOT LISTED FOR SALE

871 Colorado Ave Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $3,076,000 - $3,581,000

2 Beds
1 Bath
1,452 Sq Ft
$2,296/Sq Ft Est. Value

Last Sold April 04, 2018

Last sale price $2,500,000 $1,722 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $20,974/month

14 Days on Market

Highlights

  • Tandem Parking
  • Laundry in Utility Room
  • Dining Area
  • Palo Verde Elementary School Rated A+
  • Separate Family Room
  • 1-Story Property

About This Home

As of April 2018

This fantastic site is ready for the next chapter in its life. Great neighborhood, close to Midtown Shopping, great schools, and easy access to major thoroughfares makes this an ideal location for your dream home. The current house has charm, but needs lots of work. Trustee is cleared to sell "as-is." No court approval required.

Last Agent to Sell the Property

Jeff Hare

Jeffrey Hare, Broker License #01840353 Listed on: 02/21/2018

Last Buyer's Agent

Xin Jiang

Compass License #01961451

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,686

Year Built

  • Built in 1947

Lot Details

  • 5,458 Sq Ft Lot
  • Zoning described as R1

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,452 Sq Ft Home
  • 1-Story Property
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Area
  • Crawl Space
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Tandem Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 127-28-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,686

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Age: 71
  • Listing Class: Residential
  • Structure Sq Ft: 1452
  • Year Built: 1947
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area
  • Living Sq Ft: 1452
  • Stories: 1
  • Laundry: In Utility Room
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Combination, Crawl Space
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Tandem Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 127-28-009
  • Lot Acres: 0.1253
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5457.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5457.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
Mar 29, 2018
Sold by
Keil Jutta and Elizabeth Greenwell Revocable
Bought by
Krivokon Maxim and Krivokon Yaroslava
Seller's Agent
Jeff Hare
Jeffrey Hare, Broker
Buyer's Agent
Xin Jiang
Compass
List Price
$2,425,000
Sold Price
$2,500,000
Premium/Discount to List
$75,000
3.09%
Current Estimated Value
$3,334,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$834,270
Avg. Annual Appreciation
3.97%
Original Mortgage
$1,625,000
Interest Rate
4.4%
Mortgage Type
New Conventional
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
Krivokon Maxim $2,500,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krivokon Maxim $1,575,000
Closed Krivokon Maxim $1,590,000
Closed Krivokon Maxim $1,625,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2018 04/04/18 Sold $2,500,000 +3.1% $1,722 / Sq Ft
03/07/2018 03/07/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $2,425,000 -- $1,670 / 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 $33,686 $2,884,568 $2,816,125 $68,443
2024 $33,686 $2,788,793 $2,760,907 $27,886
2023 $29,836 $2,450,000 $2,425,000 $25,000
2022 $32,805 $2,680,503 $2,653,699 $26,804
2021 $32,158 $2,627,945 $2,601,666 $26,279
2020 $31,492 $2,601,000 $2,574,990 $26,010
2019 $31,144 $2,550,000 $2,524,500 $25,500
2018 $16,336 $1,308,123 $1,214,294 $93,829
2017 $1,754 $70,869 $29,632 $41,237
2016 $1,702 $69,480 $29,051 $40,429
2015 $1,678 $68,437 $28,615 $39,822
2014 $1,546 $67,097 $28,055 $39,042
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jeff Hare

    Jeffrey Hare, Broker

    Section Image
  • Xin Jiang

    Buyer's Agent in 2018

    Xin Jiang

    Compass

    (650) 283-8379

    9 in this area

    57 Total Sales

    Xin Jiang
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81693356

MLSListings

APN: 127-28-009

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

871 Colorado Ave, Palo Alto, CA

This home is located at 871 Colorado Ave, Palo Alto, CA 94303 since 21 February 2018 and is currently estimated at $3,334,270, approximately $2,296 per square foot. This property was built in 1947. 871 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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