NOT LISTED FOR SALE

971 Colorado Ave Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $2,877,000 - $3,309,000

3 Beds
2 Baths
1,376 Sq Ft
$2,273/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $2,435,000 $1,770 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $19,067/month

9 Days on Market

Highlights

  • Private Pool
  • Primary Bedroom Suite
  • Solid Surface Bathroom Countertops
  • Palo Verde Elementary School Rated A+
  • Vaulted Ceiling
  • Corian Countertops

About This Home

As of July 2020

Truly a special home with warmth and charm. Raised open beam ceilings, skylights and abundant natural light. Large living room, spacious dining area and a nicely updated kitchen with stainless steel appliances. Three generous sized bedrooms and two remodeled bathrooms. Wonderful backyard with large deck and a inviting swimming pool. Ideally located near the heart of Midtown with easy access to schools, shops, parks, transportation and much more!

Last Agent to Sell the Property

Tim Foy

Midtown Realty License #00849721 Listed on: 05/29/2020

Last Buyer's Agent

Cathy Wang

Coldwell Banker Realty License #02049591

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,394

Year Built

  • 1969

Lot Details

  • 6,355 Sq Ft Lot
  • Wood Fence
  • Back Yard Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,376 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Built-In Double Oven
  • Electric Cooktop
  • Range Hood
  • Ice Maker
  • Dishwasher
  • Corian Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Solid Surface Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in Garage
  • Washer and Dryer

Additional Features

  • Private Pool
  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,394

Year Built

1969

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Age: 51
  • Listing Class: Residential
  • Structure Sq Ft: 1376
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1969

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining Area, Eat In Kitchen
  • Kitchen: Cooktop - Electric, Countertop - Solid Surface / Corian, Dishwasher, Garbage Disposal, Hood Over Range, Ice Maker, Oven - Built-In, Oven - Double
  • Fireplace: Yes
  • Living Sq Ft: 1376
  • Stories: 1
  • Bedrooms: Primary Suite / Retreat
  • Laundry: In Garage, Washer / Dryer
  • Flooring: Carpet, Laminate, Tile
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Primary - Stall Shower(s), Shower Over Tub - 1, Solid Surface, Updated Bath

Exterior Features

  • Foundation: Concrete Perimeter, Post And Pier
  • Pool Description: Yes
  • Roof: Flat / Low Pitch
  • Fencing: Fenced Back, Wood
  • Pool: Pool - In Ground
  • Construction Type: Wood

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Open Beam Ceiling, Skylight, Vaulted Ceiling

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Acres: 0.1459
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6356.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6356.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2023
Sold by
Chen Guangchen and Chen Yixin
Bought by
Chen Family Trust and Chen
Current Estimated Value
$3,127,726

Purchase Details

Listed on
May 29, 2020
Closed on
Jun 29, 2020
Sold by
Young Timothy and The Young Family Trust
Bought by
Chen Guangchen and Chen Yixin
Seller's Agent
Tim Foy
Midtown Realty
Buyer's Agent
Cathy Wang
Coldwell Banker Realty
List Price
$2,450,000
Sold Price
$2,435,000
Premium/Discount to List
-$15,000
-0.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.86%

Purchase Details

Closed on
Aug 16, 2005
Sold by
Young Mary R
Bought by
Young Mary R

Purchase Details

Closed on
Dec 19, 2000
Sold by
Young Robert S
Bought by
Young Mary R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.37%
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
Chen Family Trust -- None Listed On Document
Chen Guangchen $2,435,000 Old Republic Title Company
Young Mary R -- --
Young Mary R -- First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Young Mary R $320,000
Closed Chen Guangchen $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2020 07/08/20 Sold $2,435,000 -0.6% $1,770 / Sq Ft
06/08/2020 06/08/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $2,450,000 -- $1,781 / 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 $30,394 $2,635,720 $2,527,478 $108,242
2024 $30,394 $2,584,040 $2,477,920 $106,120
2023 $30,032 $2,533,374 $2,429,334 $104,040
2022 $30,545 $2,483,700 $2,381,700 $102,000
2021 $29,108 $2,435,000 $2,335,000 $100,000
2020 $1,295 $112,547 $33,565 $78,982
2019 $1,280 $110,341 $32,907 $77,434
2018 $1,258 $108,178 $32,262 $75,916
2017 $1,235 $106,058 $31,630 $74,428
2016 $1,191 $103,979 $31,010 $72,969
2015 $1,179 $102,418 $30,545 $71,873
2014 $1,220 $100,413 $29,947 $70,466
Source: Public Records

Agents Affiliated with this Home

  • Tim Foy

    Seller's Agent in 2020

    Tim Foy

    Midtown Realty

    (650) 387-5078

    18 in this area

    94 Total Sales

    Tim Foy
    Section Image
  • Cathy Wang

    Buyer's Agent in 2020

    Cathy Wang

    Coldwell Banker Realty

    (650) 334-8000

    26 Total Sales

    Cathy Wang
    Section Image
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Map

Source: MLSListings

MLS Number: ML81794524

MLSListings

APN: 127-54-020

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

971 Colorado Ave, Palo Alto, CA

This home is located at 971 Colorado Ave, Palo Alto, CA 94303 since 29 May 2020 and is currently estimated at $3,127,726, approximately $2,273 per square foot. This property was built in 1969. 971 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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