NOT LISTED FOR SALE

978 Amarillo Ave Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $4,632,000 - $5,269,000

4 Beds
2.5 Baths
2,597 Sq Ft
$1,890/Sq Ft Est. Value

Last Sold January 12, 2022

Last sale price $4,500,000 $1,733 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $30,689/month

74 Days on Market

Highlights

  • Solar Power System
  • Skyline View
  • Soaking Tub in Primary Bathroom
  • Palo Verde Elementary School Rated A+
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of January 2022

Contemporary Mediterranean-style exterior and Modern interior design with 12.8 feet high ceiling single story house. Well-planned, expertly executed, and completed in 2021.This 4 bedroom, 2.5 bath luxury residence of approx. living space 2,597 sq. ft. (per permits, including one car garage). Lot 6,604 sqft (6,160 sqft per city). High-end finishes and neat design, which is carefully arranged for everyday convenience and unforgettable entertaining. Outstanding features include the en-suite bedroom, luxurious marble finishes, custom built cabinets, stylish quartz countertops, Thermador Appliances with Smart Home wifi features, Tankless water heater and owned 16 Solar Panels for energy efficiency. Palo Verde Elementary (9)/JLS Middle (9)/Palo Alto High (9)

Last Agent to Sell the Property

Vivian Lee

Homeland Realty License #01881090 Listed on: 09/09/2021

Last Buyer's Agent

Sophia Xu

Compass License #01945147

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,915

Year Built

  • 2021

Lot Details

  • 6,604 Sq Ft Lot
  • Wood Fence
  • Sprinklers on Timer
  • Back Yard

Parking

  • 1 Car Attached Garage

Home Design

  • Modern Architecture
  • Mediterranean Architecture
  • Ceiling Insulation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,597 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Skylights in Kitchen
  • Double Pane Windows
  • Mud Room
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Wood Flooring
  • Skyline Views
  • Crawl Space
  • Laundry Room

Kitchen

  • Open to Family Room
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Wine Refrigerator
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Quartz Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Loft Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom

Eco-Friendly Details

  • Solar Power System

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat
  • Tankless Water Heater

Community Details

  • Courtyard

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,915

Year Built

2021

Lot Details

0

Parking

1

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Style: Luxury, Mediterranean, Modern / High Tech
  • Listing Class: Residential
  • Structure Sq Ft: 2597
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2021

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Living Room
  • Dining Room: Dining Area
  • Kitchen: Cooktop - Electric, Countertop - Quartz, Exhaust Fan, Island, Microwave, Oven Range - Electric, Pantry, Refrigerator, Skylight, Wine Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 2597
  • Stories: 1
  • Bedrooms: Ground Floor Bedroom, Loft Bedroom, More Than One Bedroom On Ground Floor, Primary Bedroom On Ground Floor, Walk-In Closet
  • Laundry: Inside
  • Flooring: Hardwood
  • Additional Rooms: Den / Study / Office, Laundry Room, Mud Room, Office Area
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Full On Ground Floor, Primary - Oversized Tub, Shower And Tub, Shower Over Tub - 1, Skylight, Tub

Exterior Features

  • Foundation: Crawl Space
  • Roof: Tile
  • Yard/Grounds: Back Yard, Courtyard, Fenced, Sprinklers - Auto
  • Fencing: Wood
  • Construction Type: Stucco

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Vaulted Ceiling, Walk-In Closet

Schools

  • School District: Palo Alto Unified
  • High School: Palo Alto High
  • High School: 327

Lot Info

  • Lot Acres: 0.1516
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6604.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6604.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Energy Star Appliances, Skylight, Solar Power, Tankless Water Heater, Thermostat Controller

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Feb 23, 2022
Sold by
Bai and Sijie
Bought by
Bai And Zhang Family Trust
Seller's Agent
Vivian Lee
Homeland Realty
Buyer's Agent
Sophia Xu
Compass
List Price
$4,488,000
Sold Price
$4,500,000
Premium/Discount to List
$12,000
0.27%
Current Estimated Value
$4,909,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,451
Avg. Annual Appreciation
2.38%
Original Mortgage
$3,600,000
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 9, 2021
Closed on
Feb 20, 2022
Sold by
Bai and Sijie
Bought by
Bai And Zhang Family Trust
Seller's Agent
Vivian Lee
Homeland Realty
Buyer's Agent
Sophia Xu
Compass
List Price
$4,488,000
Sold Price
$4,500,000
Premium/Discount to List
$12,000
0.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,600,000
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 9, 2021
Closed on
Feb 16, 2022
Sold by
Bai Yunfei and Bai Sijie
Bought by
Bai And Zhang Family Trust and Bai
Seller's Agent
Vivian Lee
Homeland Realty
Buyer's Agent
Sophia Xu
Compass
List Price
$4,488,000
Sold Price
$4,500,000
Premium/Discount to List
$12,000
0.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,600,000
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 9, 2021
Closed on
Jan 7, 2022
Sold by
Lien Scott T and Lien Sue-Ling
Bought by
Bai Yunfei and Zhang Sijie
Seller's Agent
Vivian Lee
Homeland Realty
Buyer's Agent
Sophia Xu
Compass
List Price
$4,488,000
Sold Price
$4,500,000
Premium/Discount to List
$12,000
0.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,600,000
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2019
Closed on
Oct 28, 2019
Sold by
Cobb Constance and The Irma C Sharman Trust
Bought by
Lien Scott T and Shih Sue Ling
Seller's Agent
Theresa Couture
Coldwell Banker Realty
Buyer's Agent
Ulli Rieckmann-Fechner
Coldwell Banker Realty
List Price
$2,200,000
Sold Price
$2,100,000
Premium/Discount to List
-$100,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.40%
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
Bai And Zhang Family Trust -- Li Victoria
Bai And Zhang Family Trust -- Li Victoria
Bai And Zhang Family Trust -- Li Victoria
Bai Yunfei $4,500,000 Lawyers Title
Lien Scott T $2,100,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bai Yunfei $3,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/12/2022 01/12/22 Sold $4,500,000 +0.3% $1,733 / Sq Ft
11/22/2021 11/22/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $4,488,000 +113.7% $1,728 / Sq Ft
11/01/2019 11/01/19 Sold $2,100,000 -4.5% $1,964 / Sq Ft View Prior Sale
10/14/2019 10/14/19 Pending -- -- --
09/27/2019 09/27/19 For Sale $2,200,000 -- $2,058 / 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 $55,915 $4,775,436 $3,183,624 $1,591,812
2024 $55,915 $4,681,800 $3,121,200 $1,560,600
2023 $55,096 $4,590,000 $3,060,000 $1,530,000
2022 $34,978 $2,861,662 $2,112,662 $749,000
2021 $30,489 $2,480,756 $2,071,238 $409,518
2020 $25,676 $2,100,000 $2,050,000 $50,000
2019 $1,721 $65,814 $32,907 $32,907
2018 $1,695 $64,524 $32,262 $32,262
2017 $1,664 $63,260 $31,630 $31,630
2016 $1,614 $62,020 $31,010 $31,010
2015 $1,591 $61,090 $30,545 $30,545
2014 $1,461 $59,894 $29,947 $29,947
Source: Public Records

Agents Affiliated with this Home

  • Vivian Lee

    Seller's Agent in 2022

    Vivian Lee

    Homeland Realty

    (408) 641-1680

    4 in this area

    223 Total Sales

    Vivian Lee
    Section Image
  • Sophia Xu

    Buyer's Agent in 2022

    Sophia Xu

    Compass

    (650) 666-5988

    1 in this area

    80 Total Sales

    Sophia Xu
    Section Image
  • Theresa Couture

    Seller's Agent in 2019

    Theresa Couture

    Coldwell Banker Realty

    (650) 996-5277

    34 Total Sales

    Theresa Couture
    Section Image
  • Ulli Rieckmann-Fechner

    Buyer's Agent in 2019

    Ulli Rieckmann-Fechner

    Coldwell Banker Realty

    (408) 679-0333

    8 Total Sales

    Ulli Rieckmann-Fechner
    Section Image
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Map

Source: MLSListings

MLS Number: ML81868190

MLSListings

APN: 127-05-004

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

978 Amarillo Ave, Palo Alto, CA

This home is located at 978 Amarillo Ave, Palo Alto, CA 94303 since 09 September 2021 and is currently estimated at $4,909,451, approximately $1,890 per square foot. This property was built in 2021. 978 Amarillo 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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