NOT LISTED FOR SALE

Estimated Value: $5,595,724 - $7,272,000

5 Beds
5.5 Baths
2,983 Sq Ft
$2,090/Sq Ft Est. Value

Last Sold October 30, 2014

Last sale price $4,150,000 $1,391 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $36,357/month

45 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Breakfast Area or Nook
  • Palo Verde Elementary School Rated A+
  • High Ceiling
  • Formal Dining Room

About This Home

As of October 2014

New Mediterranean-style home blending easy indoor/outdoor living on quiet tree-lined street in Midtown; Flowing floor plan, open, light-filled space & artistic details throughout; 2983 SF Living, 227SF Garage, 430SF Covered Porch, One bed/one bath and separate office at ground floor; Separate studio/bath at rear yard; Gourmet kitchen, weaving mosaic, picturesque landscaping; top PA schools

Last Agent to Sell the Property

Ed Wu

WEC & Associates License #01384817 Listed on: 08/12/2014

Last Buyer's Agent

Julie Tsai Law

Golden Gate Sotheby's International Realty License #01339682

Golden Gate Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,359

Year Built

  • Built in 2014

Lot Details

  • Security Fence
  • Sprinklers on Timer
  • Zoning described as R1

Parking

  • 1 Car Garage

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 2,983 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Skylights
  • Gas Log Fireplace
  • Double Pane Windows
  • Bay Window
  • Separate Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Home Security

  • Intercom
  • Fire and Smoke Detector

Eco-Friendly Details

  • No or Low VOC Paint or Finish

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Thermostat
  • Water Treatment System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 127-29-039

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,359

Year Built

Built in 2014

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Sale Price Per Sq Ft: 1391.22
  • Listing Class: Residential
  • Structure Sq Ft: 2983
  • Incorporated: Yes
  • Map Book Page: 791
  • Map Side Coordinate: 5
  • Map Top Coordinate: D
  • Thomas Bros Page: 791
  • Thomas Brothers: D5
  • Year Built: 2014
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room, Gas Log, Yes
  • Dining Room: Formal Dining Room, Breakfast Nook
  • Kitchen: Dishwasher, Cooktop, Garbage Disposal, Refrigerator, Microwave, Oven - Built-In
  • Living Sq Ft: 2983
  • Stories: 2
  • Security: Fire Alarm, Security Fence
  • Laundry: 220 Volt Outlet
  • Flooring: Hardwood
  • Maximum Bathrooms: 6
  • Maximum Numberof Bedrooms: 5
  • Minimum Bathrooms: 6
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Clay
  • View: Local/Neighborhood
  • Yard/Grounds: Sprinklers - Auto
  • Construction Type: Low VOC Finishes

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1

Utilities

  • Cooling System: Central AC
  • Heating System: Heating - 2+ Zones, Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Double Pane Windows(s), High Ceiling, Bay Window

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: 127-29-039
  • List Price per Sq Ft: 1407.31
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7800.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7800.00
  • Lot Size Area Min Search: 7800.00
  • Maximum Lot Size: 7800.00
  • Map Book: Thomas Bros

Green Features

  • Energy Features: Double Pane Windows, Skylight, Thermostat Controller

Multi Family

  • Maximum Building Height: 2
  • Minimum Building Height: 2

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

Closed on
May 12, 2017
Sold by
Li Xiaobo and Wang Wei
Bought by
Wang Wei
Current Estimated Value
$5,780,006

Purchase Details

Listed on
Aug 12, 2014
Closed on
Oct 13, 2014
Sold by
Wu Yi Ran and Wang Weipiao
Bought by
Wang Wei and Li Xiaobo
Seller's Agent
Ed Wu
WEC & Associates
Buyer's Agent
Julie Tsai Law
Golden Gate Sotheby's International Realty
List Price
$4,198,000
Sold Price
$4,150,000
Premium/Discount to List
-$48,000
-1.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.39%

Purchase Details

Listed on
Aug 12, 2014
Closed on
Sep 30, 2014
Sold by
Tsai Ching Ju
Bought by
Wang Weipiao
Seller's Agent
Ed Wu
WEC & Associates
Buyer's Agent
Julie Tsai Law
Golden Gate Sotheby's International Realty
List Price
$4,198,000
Sold Price
$4,150,000
Premium/Discount to List
-$48,000
-1.14%

Purchase Details

Closed on
May 23, 2014
Sold by
Middle Way Llc
Bought by
Wu Yi Ran and Wang Weipiao

Purchase Details

Closed on
Dec 13, 2012
Sold by
Wu Yi Ran and Wang Weipiao
Bought by
Middle Way Llc

Purchase Details

Closed on
Oct 3, 2012
Sold by
Tsai Ching Ju
Bought by
Wang Weipiao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Wang Wei -- None Available
Wang Wei $4,149,750 Old Republic Title Company
Wang Weipiao -- Old Republic Title Company
Wu Yi Ran -- Old Republic Title Company
Wu Yi Ran -- None Available
Middle Way Llc -- None Available
Wang Weipiao -- North American Title Co Inc
Wu Yi Ran -- North American Title Co Inc
Wang Weipiao $1,310,000 North American Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Weipiao $524,000
Previous Owner Copeland Richard Alan $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2014 10/30/14 Sold $4,150,000 -1.1% $1,391 / Sq Ft
09/26/2014 09/26/14 Pending -- -- --
09/09/2014 09/09/14 For Sale $4,198,000 0.0% $1,407 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
08/12/2014 08/12/14 For Sale $4,198,000 -- $1,407 / 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 $58,359 $4,987,668 $3,527,426 $1,460,242
2024 $58,359 $4,889,871 $3,458,261 $1,431,610
2023 $57,504 $4,793,992 $3,390,452 $1,403,540
2022 $56,846 $4,699,993 $3,323,973 $1,376,020
2021 $55,727 $4,607,838 $3,258,798 $1,349,040
2020 $54,559 $4,560,592 $3,225,384 $1,335,208
2019 $53,962 $4,471,170 $3,162,142 $1,309,028
2018 $52,459 $4,383,501 $3,100,140 $1,283,361
2017 $51,539 $4,297,551 $3,039,353 $1,258,198
2016 $50,194 $4,213,286 $2,979,758 $1,233,528
2015 $49,712 $4,150,000 $2,935,000 $1,215,000
2014 $18,509 $1,500,947 $1,315,947 $185,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81429382

MLSListings

APN: 127-29-039