$3,350,000
SOLD FEB 5, 2025

Palo Alto, CA 94301

Crescent Park Neighborhood
3 Beds
2 Baths
1,720 Sq Ft
8,925 Sq Ft Lot

Recently Sold

$1,948 Per Sq Ft

4% Below List Price

Highlights

  • 2 Car Attached Garage
  • Duveneck Elementary School Rated A+
  • 1-Story Property

About This Home

As of February 2025

This property is located at the prestigious Crescent Dr. neighborhood surrounded by many mega mansions! Convenient location with easy access to freeway and close to downtown Palo Alto, Stanford University and many high-tech companies. Top Palo Alto schools. All you need is a vision to remodel or to rebuild to turn this fixer into a gem. A remodel permit was approved last year, and the city planner said the new owner could easily extend it. The next door neighbor at 90 Crescent Dr. with similar lot size was sold for $4.15M for the land and a new house is being built. Buyer should do all due diligence.

Last Agent to Sell the Property

Jennifer Liu

Coldwell Banker Realty License #01933885 Listed on: 02/05/2025

Coldwell Banker Realty

Last Buyer's Agent

Chloe Mei

Scope Real Estate License #01936459

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,498

Year Built

  • Built in 1952

Lot Details

  • 8,925 Sq Ft Lot
  • Zoning described as R1929

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,720 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 003-09-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,498

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 73
  • Listing Class: Residential
  • Structure Sq Ft: 1720
  • Year Built: 1952
  • Zoning Description: R1929
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Living Sq Ft: 1720
  • Stories: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating System: No Heating
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 003-09-034
  • Lot Acres: 0.2049
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8926.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8926.00

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
Feb 5, 2025
Closed on
Jan 24, 2025
Sold by
Deng Rui
Bought by
Rarefund Project 10 Llc
Seller's Agent
Jennifer Liu
Coldwell Banker Realty
Buyer's Agent
Chloe Mei
Scope Real Estate
List Price
$3,500,000
Sold Price
$3,350,000
Premium/Discount to List
-$150,000
-4.29%
Views
76
Current Estimated Value
$3,530,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,867
Avg. Annual Appreciation
9.03%
Original Mortgage
$4,496,987
Outstanding Balance
$3,428,598
Interest Rate
6.72%
Mortgage Type
Construction
Estimated Equity
$96,725

Purchase Details

Closed on
Jun 1, 2016
Sold by
Lubais Fabien B and Cardenas Michael A
Bought by
Deng Rui

Purchase Details

Closed on
Sep 15, 2014
Sold by
Lubais Fabien B
Bought by
Lubais Fabien B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 31, 2006
Sold by
Lubais Susan
Bought by
Lubais Susan Markowski and Susan Markowski Lubais Revocable Trust

Purchase Details

Closed on
Apr 12, 2002
Sold by
Lubais Fabien B
Bought by
Lubais Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.37%

Purchase Details

Closed on
Apr 4, 2002
Sold by
Lubais Susan E
Bought by
Lubias Susan E and Lubias Fabien B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.37%

Purchase Details

Closed on
Jun 24, 1996
Sold by
Eder Roy H and Piramoon Shireen
Bought by
Lubais Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
7.75%

Purchase Details

Closed on
Jun 19, 1996
Sold by
Lubais Fabien B
Bought by
Lubais Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
7.75%

Purchase Details

Closed on
Jul 6, 1995
Sold by
Goldband Steve
Bought by
Eder Roy H and Piramoon Shireen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.9%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $3,350,000 First American Title
Grant Deed -- First American Title
Grant Deed $2,750,000 Lawyers Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title Co
Interfamily Deed Transfer -- First American Title Co
Interfamily Deed Transfer -- First American Title Co
Individual Deed $600,000 North American Title Co
Interfamily Deed Transfer -- North American Title Co
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,496,987 Construction
Previous Owner $120,000 Seller Take Back
Previous Owner $100,000 Credit Line Revolving
Previous Owner $465,130 Unknown
Previous Owner $470,000 No Value Available
Previous Owner $375,000 No Value Available
Previous Owner $400,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2025 02/05/25 Sold $3,350,000 -4.3% $1,948 / Sq Ft
02/05/2025 02/05/25 Pending -- -- --
02/05/2025 02/05/25 For Sale $3,500,000 -- $2,035 / 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 $38,498 $3,255,436 $3,018,680 $236,756
2024 $38,498 $3,191,605 $2,959,491 $232,114
2023 $37,933 $3,129,025 $2,901,462 $227,563
2022 $37,497 $3,067,672 $2,844,571 $223,101
2021 $36,760 $3,007,523 $2,788,796 $218,727
2020 $35,996 $2,976,686 $2,760,201 $216,485
2019 $35,601 $2,918,321 $2,706,080 $212,241
2018 $34,618 $2,861,100 $2,653,020 $208,080
2017 $34,012 $2,805,000 $2,601,000 $204,000
2016 $10,757 $841,996 $701,670 $140,326
2015 $10,648 $1,306,482 $1,098,033 $208,449
2014 $10,289 $813,105 $677,593 $135,512
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Liu

    Seller's Agent in 2025

    Jennifer Liu

    Coldwell Banker Realty

    (650) 575-7035

    2 in this area

    24 Total Sales

    Jennifer Liu
    Section Image
  • Chloe Mei

    Buyer's Agent in 2025

    Chloe Mei

    Scope Real Estate

    (650) 515-2298

    1 in this area

    71 Total Sales

    Chloe Mei
    Section Image
  • Cici Jiang

    Buyer Co-Listing Agent in 2025

    Cici Jiang

    Scope Real Estate

    (408) 858-0693

    1 in this area

    75 Total Sales

    Cici Jiang
    Section Image
See All Agents

Source: MLSListings

MLS Number: ML81993003

MLSListings

APN: 003-09-034

California Santa Clara County Palo Alto 94301

Crescent Park

This home and is currently priced at $3,350,000, approximately $1,947 per square foot. This property was built in 1952. This home is a home located in Santa Clara County with nearby schools including Duveneck Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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