NOT LISTED FOR SALE

903 Ramona St Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $3,536,000 - $6,421,000

5 Beds
4.5 Baths
3,031 Sq Ft
$1,607/Sq Ft Est. Value

Last Sold December 07, 2018

Last sale price $4,000,000 $1,320 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $29,052/month

63 Days on Market

Highlights

  • Vaulted Ceiling
  • Marble Flooring
  • Granite Countertops
  • Addison Elementary School Rated A+
  • Jetted Tub in Primary Bathroom
  • 3-minute walk to Scott Park

About This Home

As of December 2018

Presenting a contemporary interpretation of the popular Craftsman style in an outstanding downtown University Park location. Built by award-winning SummerHill Homes, this enchanting home offers the perfect blend of tranquil living and downtown convenience. The graceful three-story,4-bedroom, 3.5-bath floor plan includes: light filled dimensions~walnut floors~high ceilings~a chef's kitchen~an upper-level master suite~ large lower-level recreation/family room and bedroom&bathroom~signature wraparound front porch. Located above the detached 2-car garage, a 1-bedroom, 1-bath accessory dwelling unit(ADU) with full kitchen, adds ultimate flexibility for extended family living or additional income. All on a beautifully landscaped corner lot. Combined main home and ADU sf is approx. 3031 sf, plus 400 sf 2-car Garage and driveway parking for 2 cars. Just four blocks to University Ave. shopping & dining. Minutes from Stanford University, Cal Train, commute routes and excellent Palo Alto schools

Last Agent to Sell the Property

Supriya Gavande

Compass License #01856590 Listed on: 09/05/2018

Compass

Co-Listed By

Nadr Essabhoy

Compass License #01085354

Last Buyer's Agent

Zumra Maner

Compass SF License #01966777

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,390

Year Built

  • Built in 2001

Lot Details

  • 4,016 Sq Ft Lot
  • Zoning described as R2

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,031 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Gas Fireplace
  • Garden Windows
  • Separate Family Room
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathroom on Main Level
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry Tub

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 120-28-107

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,390

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 17
  • Listing Class: Residential
  • Structure Sq Ft: 3031
  • Year Built: 2001
  • Zoning Description: R2
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Burning
  • Dining Room: Breakfast Bar, Breakfast Nook, Dining Area in Living Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Island, Microwave, Oven - Electric, Oven Range, Pantry, Refrigerator, Warming Drawer
  • Living Sq Ft: 3031
  • Stories: 3
  • Laundry: In Utility Room, Tub / Sink
  • Flooring: Carpet, Hardwood, Marble
  • Additional Rooms: Laundry Room
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Half on Ground Floor, Primary - Stall Shower(s), Primary - Tub with Jets, Showers over Tubs - 2+, Stall Shower
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab, Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage, Off-Street Parking

Utilities

  • Cooling System: Central AC, Multi-Zone
  • Heating System: Central Forced Air, Heating - 2+ Zones
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Garden Window, Vaulted Ceiling

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Parcel Number: 120-28-107
  • Lot Acres: 0.0922
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4016.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4016.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Addison Elementary
  • High School Text: Palo Alto High
  • Middle School Text: David Starr Jordan Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2018
Closed on
Nov 16, 2018
Sold by
Merchant Wright Gary E and Merchant Wright Margo
Bought by
Tmt Real Estate Holdings Llc
Seller's Agent
Supriya Gavande
Compass
Buyer's Agent
Zumra Maner
Compass SF
List Price
$4,980,000
Sold Price
$4,000,000
Premium/Discount to List
-$980,000
-19.68%
Current Estimated Value
$4,508,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$508,804
Avg. Annual Appreciation
3.21%
Original Mortgage
$3,000,000
Outstanding Balance
$2,599,957
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,341,111

Purchase Details

Closed on
Apr 27, 2010
Sold by
Wright Gary E and Wright Margo Merchant
Bought by
Wright Gary E and Wright Margo Merchant

Purchase Details

Closed on
May 14, 2003
Sold by
Summerhill Channing Llc
Bought by
Wright Gary E and Wright Margo M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
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
Tmt Real Estate Holdings Llc $4,000,000 Chicago Title Co
Wright Gary E -- Accommodation
Wright Gary E -- Chicago Title Company
Wright Gary E $1,680,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tmt Real Estate Holdings Llc $3,000,000
Previous Owner Wright Gary E $700,000
Previous Owner Wright Gary E $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2018 12/07/18 Sold $4,000,000 +3.9% $1,320 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
11/01/2018 11/01/18 Price Changed $3,850,000 -18.9% $1,270 / Sq Ft
10/17/2018 10/17/18 Price Changed $4,750,000 -4.6% $1,567 / Sq Ft
09/05/2018 09/05/18 For Sale $4,980,000 -- $1,643 / 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 $52,390 $4,462,072 $3,346,555 $1,115,517
2024 $52,390 $4,374,582 $3,280,937 $1,093,645
2023 $51,623 $4,288,806 $3,216,605 $1,072,201
2022 $51,033 $4,204,713 $3,153,535 $1,051,178
2021 $50,030 $4,122,268 $3,091,701 $1,030,567
2020 $48,984 $4,080,000 $3,060,000 $1,020,000
2019 $48,448 $4,000,000 $3,000,000 $1,000,000
2018 $25,567 $2,099,266 $1,124,607 $974,659
2017 $25,117 $2,058,105 $1,102,556 $955,549
2016 $24,458 $2,017,751 $1,080,938 $936,813
2015 $24,218 $1,987,444 $1,064,702 $922,742
2014 -- $1,948,513 $1,043,846 $904,667
Source: Public Records

Agents Affiliated with this Home

  • Supriya Gavande

    Seller's Agent in 2018

    Supriya Gavande

    Compass

    (650) 556-3890

    16 Total Sales

    Section Image
  • Nadr Essabhoy

    Seller Co-Listing Agent in 2018

    Nadr Essabhoy

    Compass

    (650) 248-5898

    1 in this area

    86 Total Sales

    Section Image

  • Z

    Buyer's Agent in 2018

    Zumra Maner

    Compass SF

See All Agents

Map

Source: MLSListings

MLS Number: ML81721819

MLSListings

APN: 120-28-107

California Santa Clara County Palo Alto 94301 University South

903 Ramona St, Palo Alto, CA

This home is located at 903 Ramona St, Palo Alto, CA 94301 since 05 September 2018 and is currently estimated at $4,869,381, approximately $1,606 per square foot. This property was built in 2001. 903 Ramona St is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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