NOT LISTED FOR SALE

878 Garland Dr Palo Alto, CA 94303

Old Palo Alto Neighborhood

Estimated Value: $3,629,000 - $5,067,376

3 Beds
2.5 Baths
1,586 Sq Ft
$2,713/Sq Ft Est. Value

Last Sold March 12, 2020

Last sale price $3,100,000 $1,955 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $27,072/month

2 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Eat-In Kitchen
  • Walter Hays Elementary Rated A+
  • Balcony
  • Bathtub with Shower

About This Home

As of March 2020

LOCATION! LOCATION! LOCATION! Heart of PALO ALTO Spacious single-story home of 1586 sqft Living space, 3 bedrooms/2.25 bathrooms-all are in ground floor and 6807 sqft lot and Large living room represent for relaxing & entertaining. Entry and family room has Spanish style red brick tile floor and oak hardwood floor is throughout. This unique home has LOTS of possibilities to upgrade or live for relaxing and entertaining. New forced air heating system on 11/2019 and fairly new water heater. Very quiet neighborhood with easy access to Stanford University, shopping and tech companies. Enjoy the close proximity to community center, Rinconada Park, Hoover Park, Library & Art Center, Town and Country, Farmers Market, Midtown shopping and top Palo Alto Schools-Walter Hays Elementary School and Palo Alto High School. Please check Palo Alto School District for the eligibility. Please Come & See.

Last Agent to Sell the Property

Edward Kang

Happy Real Estate Inc License #01092369 Listed on: 02/10/2020

Last Buyer's Agent

Yifang Yang

Compass License #01371905

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,834

Year Built

  • 1956

Lot Details

  • 6,808 Sq Ft Lot
  • Wood Fence
  • Sprinklers on Timer
  • Grass Covered Lot
  • Back Yard

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Raised Foundation
  • Wood Frame Construction
  • Wood Shingle Roof
  • Stucco

Interior Spaces

  • 1,586 Sq Ft Home
  • 1-Story Property
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Room
  • Alarm System

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • Granite Bathroom Countertops
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in Garage
  • Laundry Tub
  • Electric Dryer Hookup

Eco-Friendly Details

  • Energy-Efficient Insulation

Outdoor Features

  • Balcony
  • Deck
  • Shed

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,834

Year Built

1956

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Style: Ranch
  • Age: 64
  • Listing Class: Residential
  • Structure Sq Ft: 1586
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1956

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room
  • Dining Room: Eat In Kitchen, No Formal Dining Room
  • Kitchen: Cooktop - Electric, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven Range - Electric, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1586
  • Stories: 1
  • Security: Security Alarm
  • Bedrooms: Primary Bedroom On Ground Floor, More Than One Bedroom On Ground Floor
  • Laundry: Electricity Hookup (220V), In Garage, Tub / Sink
  • Flooring: Hardwood, Tile
  • Additional Rooms: Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Full On Ground Floor, Granite, Primary - Stall Shower(s), Shower Over Tub - 1, Stall Shower, Tile

Exterior Features

  • Foundation: Raised
  • Roof: Wood Shakes / Shingles
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Fenced, Low Maintenance, Sprinklers - Auto, Storage Shed / Structure
  • Fencing: Fenced, Wood
  • Construction Type: Stucco, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Central Forced Air - Gas, Fireplace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified
  • Elementary School: Walter Hays Elementary
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 315

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1563
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6807.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6807.00
  • Soil: Unknown

Green Features

  • Energy Features: Insulation - Unknown

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2020
Closed on
Mar 13, 2020
Sold by
Cho Byung Sun and Cho Soon Surk
Bought by
Li Qi and Cai Yongjie
Seller's Agent
Edward Kang
Happy Real Estate Inc
Buyer's Agent
Yifang Yang
Compass
List Price
$2,890,000
Sold Price
$3,100,000
Premium/Discount to List
$210,000
7.27%
Current Estimated Value
$4,303,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,203,094
Avg. Annual Appreciation
6.90%
Original Mortgage
$2,325,000
Outstanding Balance
$2,077,443
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$2,382,312

Purchase Details

Closed on
Aug 24, 2017
Sold by
Cho Byung Sun and Cho Soon Surk
Bought by
Cho Byung Sun and Cho Soon Surk

Purchase Details

Closed on
Jul 21, 2017
Sold by
Cho Byung Sun and Cho Soon Surk
Bought by
Cho Byung Sun and Cho Soon Surk

Purchase Details

Closed on
Jan 9, 2008
Sold by
Cho Byung Sun and Cho Soon Surk
Bought by
Cho Byung Sun and Cho Soon Surk

Purchase Details

Closed on
Jun 6, 2005
Sold by
Chandler Carder D and Chandler Alice A
Bought by
Cho Byung Sun and Cho Soon Surk

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Li Qi $3,100,000 Old Republic Title Comapny
Cho Byung Sun -- None Available
Cho Byung Sun -- None Available
Cho Byung Sun -- --
Cho Byung Sun $1,395,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Qi $2,325,000
Previous Owner Cho Byung Sun $1,125,000
Previous Owner Cho Byung Sun $121,000
Previous Owner Cho Byung Sun $995,000
Previous Owner Chandler Carder D $250,000
Previous Owner Chandler Carder D $170,000
Previous Owner Chandler Carder D $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2020 03/12/20 Sold $3,100,000 +7.3% $1,955 / Sq Ft
02/12/2020 02/12/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $2,890,000 -- $1,822 / 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 $50,834 $4,334,076 $3,226,254 $1,107,822
2024 $50,834 $4,249,095 $3,162,995 $1,086,100
2023 $42,761 $3,545,000 $2,638,800 $906,200
2022 $49,531 $4,084,099 $3,040,173 $1,043,926
2021 $40,235 $3,299,479 $2,980,562 $318,917
2020 $21,886 $1,778,002 $1,274,557 $503,445
2019 $20,823 $1,743,140 $1,249,566 $493,574
2018 $20,251 $1,708,962 $1,225,065 $483,897
2017 $19,897 $1,675,454 $1,201,045 $474,409
2016 $19,369 $1,642,603 $1,177,496 $465,107
2015 $19,944 $1,617,930 $1,159,809 $458,121
2014 $19,518 $1,586,238 $1,137,090 $449,148
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Edward Kang

    Happy Real Estate Inc

    Section Image
  • Yifang Yang

    Buyer's Agent in 2020

    Yifang Yang

    Compass

    (408) 674-4418

    286 Total Sales

    Yifang Yang
    Section Image
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Map

Source: MLSListings

MLS Number: ML81781524

MLSListings

APN: 003-55-048

California Santa Clara County Palo Alto 94303 Old Palo Alto

878 Garland Dr, Palo Alto, CA

This home is located at 878 Garland Dr, Palo Alto, CA 94303 since 10 February 2020 and is currently estimated at $4,303,094, approximately $2,713 per square foot. This property was built in 1956. 878 Garland Dr is a home located in Santa Clara County with nearby schools including Walter Hays Elementary, Frank S. Greene Jr. Middle, and Palo Alto High School.

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