NOT LISTED FOR SALE

Estimated Value: $3,970,000 - $6,514,681

3 Beds
2 Baths
1,534 Sq Ft
$3,441/Sq Ft Est. Value

Sale Details

Date Sold: November 18, 2022

Last sale price $2,900,000 $1,890 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $31,307 / mo

6 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Bathtub
  • Juana Briones Elementary School Rated A+
  • Eat-In Kitchen
  • Tile Countertops

About This Home

As of November 2022

First time on the market in nearly 70 years. Property located on a corner in desirable Green Acres, close to Barron Park. Lot has over 10,000 square feet, building is very liveable can buy now remodel or rebuild. Property has hardwood floors, a wood-burning fireplace in Living room, large eat-in kitchen. Gated breezeway to detached 2-car garage. Walk to Gunn High School. This is an amazing opportunity to own this special property in the city of Palo Alto - the 'Birthplace of Silicon Valley.'

Last Agent to Sell the Property

Mary Murphy

Compass License #00675838 Listed on: 10/25/2022

Compass

Last Buyer's Agent

Jinny Ahn

Coldwell Banker Realty License #01158424

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 10,128 Sq Ft Lot
  • Wood Fence
  • Level Lot
  • Zoning described as R1

Parking

  • 2 Car Detached Garage

Home Design

  • Fixer Upper
  • Raised Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,534 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry in Garage
  • Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 137-28-029

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

10,128 Sq Ft Lot

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Property Condition: Fixer Upper
  • Listing Class: Residential
  • Structure Sq Ft: 1534
  • Incorporated: Yes
  • Year Built: 1954
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining Area, Eat in Kitchen
  • Kitchen: Cooktop - Electric, Countertop - Tile, Dishwasher, Oven - Electric, Refrigerator
  • Living Sq Ft: 1534
  • Stories: 1
  • Bedrooms: More than One Bedroom on Ground Floor
  • Laundry: In Garage, Washer / Dryer
  • Flooring: Hardwood, Laminate
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Primary - Stall Shower(s), Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Raised
  • Roof: Composition
  • Fencing: Wood
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 137-28-029
  • Lot Acres: 0.2325
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10126.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10126.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2023
Sold by
687 Georgia Ave Llc
Bought by
Cha Hyun Joon and Park Yumi
Current Estimated Value
$5,278,420

Purchase Details

Listed on
Oct 25, 2022
Closed on
Nov 3, 2022
Sold by
Emmy Lou Papagni Revocable Trust
Bought by
687 Georgia Ave Llc
Seller's Agent
Mary Murphy
Compass
Buyer's Agent
Jinny Ahn
Coldwell Banker Realty
List Price
$2,700,000
Sold Price
$2,900,000
Premium/Discount to List
$200,000
7.41%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.51%
Original Mortgage
$2,800,000
Interest Rate
6.94%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cha Hyun Joon -- None Listed On Document
687 Georgia Ave Llc $2,900,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 687 Georgia Ave Llc $2,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2022 11/18/22 Sold $2,900,000 +7.4% $1,890 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
10/25/2022 10/25/22 For Sale $2,700,000 0.0% $1,760 / Sq Ft
05/04/2021 05/04/21 Rented $4,400 -4.3% --
04/01/2021 04/01/21 Under Contract -- -- --
04/01/2021 04/01/21 Off Market $4,600 -- --
02/20/2021 02/20/21 For Rent $4,600 0.0% --
02/20/2021 02/20/21 Off Market $4,600 -- --
12/05/2020 12/05/20 Price Changed $4,600 -11.5% $3 / Sq Ft
11/10/2020 11/10/20 For Rent $5,200 -- --
Source: MLSListings

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 $37,221 $5,743,399 $3,214,836 $2,528,563
2024 $37,221 $3,158,430 $3,151,800 $6,630
2023 $34,360 $2,900,000 $2,850,000 $50,000
2022 $1,630 $132,534 $46,121 $86,413
2021 $1,599 $129,936 $45,217 $84,719
2020 $45 $128,605 $44,754 $83,851
2019 $45 $126,084 $43,877 $82,207
2018 $59 $123,613 $43,017 $80,596
2017 $62 $121,190 $42,174 $79,016
2016 $64 $118,815 $41,348 $77,467
2015 $120 $117,031 $40,727 $76,304
2014 $122 $114,740 $39,930 $74,810
Source: Public Records

Agents Affiliated with this Home

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Source: MLSListings

MLS Number: ML81911404

MLSListings

APN: 137-28-029

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