$3,551,000
SOLD NOV 17, 2016
4 Beds
3.5 Baths
2,596 Sq Ft
7,667 Sq Ft Lot

Recently Sold

$1,368 Per Sq Ft

19% Above List Price

7 Days on Market

Highlights

  • Radiant Floor
  • Hydromassage or Jetted Bathtub
  • High Ceiling
  • Palo Verde Elementary School Rated A+
  • Mediterranean Architecture
  • Granite Countertops

About This Home

As of July 2024

Quality-constructed Mediterranean-style home built in 2009 with designer touches throughout first floor suite; High ceilings; Teak floors; Chef's kitchen opens to family room and backyard; Bathrooms include heated floors and master has tub with jets and a washlett; House is high-tech wired including phone, cable, CAT5, and integrated WIFI access points; Security features include security alarm and keypad entry; Living room with gas fireplace; Family room and Master bedroom are wired for Surround Sound; Central vacuum laundry has both gas and 220V; Hunter Douglass window coverings; Lots of storage space.

Last Agent to Sell the Property

Michael Johnston

Compass License #01131203 Listed on: 10/26/2016

Compass

Last Buyer's Agent

Diane Sun

Wise Financial Services License #01796457

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,466

Year Built

  • Built in 2009

Lot Details

  • 7,667 Sq Ft Lot
  • Wood Fence
  • Sprinkler System
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard
  • Zoning described as R1

Parking

  • 2 Car Attached Garage

Home Design

  • Mediterranean Architecture
  • Concrete Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,596 Sq Ft Home
  • 2-Story Property
  • Entertainment System
  • High Ceiling
  • Gas Fireplace
  • Separate Family Room
  • Formal Dining Room

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Radiant Floor

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Granite Bathroom Countertops
  • Dual Sinks
  • Dual Flush Toilets
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Bathtub Includes Tile Surround

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

  • Security Lights
  • Alarm System
  • Fire and Smoke Detector

Additional Features

  • Enclosed Patio or Porch
  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 127-30-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,466

Year Built

Built in 2009

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean
  • Age: 7
  • Listing Class: Residential
  • Structure Sq Ft: 2596
  • Year Built: 2009
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Burning, Yes
  • Dining Room: Breakfast Bar, Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Island with Sink
  • Living Sq Ft: 2596
  • Stories: 2
  • Security: Fire Alarm, Security Alarm, Security Lights
  • Laundry: Hookup - Electric, Gas Hookup, Washer / Dryer
  • Flooring: Hardwood
  • Additional Rooms: Laundry Room
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Dual Flush Toilet, Granite, Shower and Tub, Tile, Tub with Jets
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Concrete
  • Yard/Grounds: Back Yard, Drought Tolerant Plants, Low Maintenance, Porch - Enclosed, Sprinklers - Lawn
  • Fencing: Wood
  • Construction Type: Concrete Block

Garage/Parking

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

Utilities

  • Cooling System: Central Forced Air - Gas, Multi-Zone
  • Heating System: Central Forced Air - Gas, Heating - 2+ Units, Heating - 2+ Zones, Radiant Floors
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Video / Audio System, Walk-in Closet

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 127-30-027
  • Lot Acres: 0.1760
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7679.63
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7679.63

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
Jun 6, 2024
Closed on
Jun 26, 2024
Sold by
Tao Weihua and Xie Peiqian
Bought by
Yang Song and Lu Zhang Lu
Seller's Agent
Diane Sun
Wise Financial Services
Buyer's Agent
Amy Xiao
Keller Williams Thrive
List Price
$5,000,000
Sold Price
$5,600,000
Premium/Discount to List
$600,000
12%
Views
50
Current Estimated Value
$5,354,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$245,378
Avg. Annual Appreciation
0.51%
Original Mortgage
$2,999,999
Outstanding Balance
$2,957,701
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$2,675,791

Purchase Details

Listed on
Oct 26, 2016
Closed on
Nov 9, 2016
Sold by
Wang Mei R
Bought by
Tao Weihua and Xie Peiqian
Seller's Agent
Michael Johnston
Compass
Buyer's Agent
Diane Sun
Wise Financial Services
List Price
$2,988,000
Sold Price
$3,551,000
Premium/Discount to List
$563,000
18.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.14%

Purchase Details

Closed on
Apr 3, 2015
Sold by
Pan Li Wei
Bought by
Wang Mei R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2010
Sold by
Wang Mei R
Bought by
Pan Li Wei and Wang Mei R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2008
Sold by
Wang Mei R and Pan Li Wei
Bought by
Wang Mei R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2003
Sold by
Hsiao Lee L and Wang Mei R
Bought by
Wang Mei R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 2001
Sold by
Heeger David J and Gelman Anne
Bought by
Hsiao Lee L and Wang Mei R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$639,200
Interest Rate
6.62%
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 Type Sale Price Title Company
Grant Deed $5,600,000 Chicago Title Company
Grant Deed $3,551,000 Chicago Title Company
Interfamily Deed Transfer -- Cornerstone Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title
Grant Deed $799,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,999,999 New Conventional
Previous Owner $1,500,000 Adjustable Rate Mortgage/ARM
Previous Owner $500,000 Future Advance Clause Open End Mortgage
Previous Owner $258,000 New Conventional
Previous Owner $300,000 New Conventional
Previous Owner $325,000 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $380,000 New Conventional
Previous Owner $387,000 New Conventional
Previous Owner $215,000 Credit Line Revolving
Previous Owner $345,000 New Conventional
Previous Owner $350,000 Unknown
Previous Owner $458,000 Purchase Money Mortgage
Previous Owner $460,000 Unknown
Previous Owner $460,000 Unknown
Previous Owner $460,000 Unknown
Previous Owner $560,000 No Value Available
Previous Owner $639,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $5,600,000 +12.0% $2,157 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $5,000,000 +40.8% $1,926 / Sq Ft
11/17/2016 11/17/16 Sold $3,551,000 +18.8% $1,368 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
10/26/2016 10/26/16 For Sale $2,988,000 -- $1,151 / 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 $48,466 $5,600,000 $4,700,000 $900,000
2024 $48,466 $4,040,425 $3,072,136 $968,289
2023 $47,756 $3,961,202 $3,011,899 $949,303
2022 $47,210 $3,883,533 $2,952,843 $930,690
2021 $46,281 $3,807,387 $2,894,945 $912,442
2020 $45,315 $3,768,348 $2,865,261 $903,087
2019 $44,820 $3,694,460 $2,809,080 $885,380
2018 $43,576 $3,622,020 $2,754,000 $868,020
2017 $42,813 $3,551,000 $2,700,000 $851,000
2016 $17,361 $1,412,317 $498,545 $913,772
2015 $17,188 $1,391,104 $491,057 $900,047
2014 $16,805 $1,363,855 $481,438 $882,417
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81629885

MLSListings

APN: 127-30-027