NOT LISTED FOR SALE

Estimated Value: $7,095,000 - $13,470,108

5 Beds
8 Baths
5,433 Sq Ft
$1,719/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $14,350,000 $2,641 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $55,828/month

139 Days on Market

Highlights

  • Wine Cellar
  • Pool and Spa
  • 0.44 Acre Lot
  • Duveneck Elementary School Rated A+
  • Primary Bedroom Suite
  • 1-minute walk to Eleanor Pardee Park

About This Home

As of October 2024

Custom-built in 2001, this home embodies relaxed family living with a seamless indoor/outdoor connection inspired by Santa Barbara's Spanish Revival style. Interiors by renowned designer Suzanne Tucker ensure authenticity from reclaimed ceiling beams to terracotta tile floors and wrought iron fixtures. Custom touches include decorative handmade tiles on stair risers and a quatrefoil motif throughout with laser-cut screens that adorn many clerestory windows for filtered light. The U-shaped design surrounds a vast central courtyard with pool and spa from a covered loggia on 3 sides that supports private balconies for each upstairs bedroom suite. Retractable glass doors in the living room and great room blur the boundaries for indoor/outdoor living. There are 5 bedroom suites including a multi-room main-level suite and upstairs primary suite that shares a terrace with a private office just off the foyer. A recreation room easily accessed from the bedroom wing adjoins a covered outdoor lounge next to the poolside cabana with pizza oven and barbecue kitchen. This home is located in the esteemed Crescent Park neighborhood close to Stanford University and with access to acclaimed Palo Alto schools.

Last Listed By

Carol,Nicole & James

Compass License #07000304 Listed on: 05/28/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,573

Year Built

  • Built in 2001

Lot Details

  • 0.44 Acre Lot
  • Fenced
  • Level Lot
  • Sprinklers on Timer
  • Back Yard
  • Zoning described as R1

Parking

  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Mediterranean Architecture
  • Tile Roof
  • Bitumen Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,433 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Beamed Ceilings
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Mud Room
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Recreation Room
  • Neighborhood Views

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer
  • Laundry Tub

Pool

  • Pool and Spa
  • In Ground Pool
  • In Ground Spa
  • Gunite Pool

Outdoor Features

  • Balcony
  • Outdoor Fireplace
  • Shed

Additional Features

  • 312 SF Accessory Dwelling Unit
  • Forced Air Zoned Heating and Cooling System

Community Details

  • Courtyard

Listing and Financial Details

  • Assessor Parcel Number 003-27-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,573

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean, Spanish
  • Age: 23
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 312
  • Structure Sq Ft: 5433
  • Incorporated: Yes
  • Year Built: 2001
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Family Room, Living Room, Outside, Wood Burning
  • Dining Room: Breakfast Nook, Formal Dining Room
  • Kitchen: Cooktop - Gas, Dishwasher, Garbage Disposal, Hood Over Range, Island, Island with Sink, Microwave, Oven - Double, Pantry, Refrigerator
  • Living Sq Ft: 5433
  • Stories: 2
  • Bedrooms: Ground Floor Bedroom, Primary Suite / Retreat, Walk-in Closet
  • Laundry: Dryer, Tub / Sink, Upper Floor, Washer
  • Flooring: Carpet, Hardwood, Tile, Wood
  • Additional Rooms: Den / Study / Office, Formal Entry, Laundry Room, Mud Room, Office Area, Recreation Room, Wine Cellar / Storage
  • Fireplaces Min: 3
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Full on Ground Floor, Half on Ground Floor, Primary - Oversized Tub, Primary - Stall Shower(s), Showers over Tubs - 2+, Stall Shower - 2+, Tile, Tub in Primary Bedroom
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - Gunite, Pool - In Ground, Pool / Spa Combo, Spa - In Ground
  • Roof: Bitumen, Clay, Tile
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Balcony / Patio, Courtyard, Fenced, Outdoor Fireplace, Sprinklers - Auto, Sprinklers - Lawn, Storage Shed / Structure
  • Pool: Yes
  • Fencing: Fenced

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Open Beam Ceiling, Vaulted Ceiling, Walk-in Closet, Wet Bar

Schools

  • School District: Palo Alto Unified
  • Elementary School: Duveneck Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 311
  • Middle School: 329

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 003-27-018
  • Lot Acres: 0.4397
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 19153.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 19153.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Duveneck Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Frank S. Greene Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Oct 17, 2024
Sold by
Mary Jane Elmore Revocable Trust and Elmore Mary Jane
Bought by
Webbs Cross Llc
Seller's Agent
Carol,Nicole & James
Compass
Buyer's Agent
Michael Repka
Deleon Realty
List Price
$15,900,000
Sold Price
$14,350,000
Premium/Discount to List
-$1,550,000
-9.75%
Total Days on Market
139
Views
303
Current Estimated Value
$9,337,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,012,964
Avg. Annual Appreciation
-59.15%

Purchase Details

Closed on
Mar 8, 2011
Sold by
Elmore Mary Jane
Bought by
Elmore Mary Jane

Purchase Details

Closed on
Apr 16, 2002
Sold by
Elmore William B and Elmore Mary Jane
Bought by
Elmore William B and Elmore Mary Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 15, 2002
Sold by
Elmore William B and Elmore Mary Jane
Bought by
Elmore William B and Elmore Mary Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.37%
Mortgage Type
Unknown

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
Webbs Cross Llc $14,350,000 Old Republic Title
Elmore Mary Jane -- None Available
Elmore Mary Jane -- None Available
Elmore William B -- None Available
Elmore William B -- Chicago Title Co
Elmore William B -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elmore Mary Jane $1,780,000
Previous Owner Elmore William B $2,700,000
Previous Owner Elmore William B $2,700,000
Previous Owner Elmore William B $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $14,350,000 -7.1% $2,641 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
09/23/2024 09/23/24 Price Changed $15,450,000 -2.8% $2,844 / Sq Ft
05/28/2024 05/28/24 For Sale $15,900,000 -- $2,927 / 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
2023 $44,573 $3,698,482 $797,547 $2,900,935
2022 $44,061 $3,625,963 $781,909 $2,844,054
2021 $43,193 $3,554,867 $766,578 $2,788,289
2020 $42,292 $3,518,417 $758,718 $2,759,699
2019 $41,827 $3,449,430 $743,842 $2,705,588
2018 $40,667 $3,381,795 $729,257 $2,652,538
2017 $39,953 $3,315,486 $714,958 $2,600,528
2016 $38,909 $3,250,478 $700,940 $2,549,538
2015 $38,533 $3,201,654 $690,412 $2,511,242
2014 $37,806 $3,138,939 $676,888 $2,462,051
Source: Public Records

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Source: MLSListings

MLS Number: ML81962853

MLSListings

APN: 003-27-018