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1545 Edgewood Drive

1545 Edgewood Drive, Palo Alto, CA 94303
Sold May 11, 2021
$6,128,000
$3,983,200 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2051
1545 Edgewood Drive in Palo Alto, CA was first built in 1952 and is 72 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. It is a single story home. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 1545 Edgewood Drive has 2,686 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 1,950. In total, the area measurement of the land is 16,730 square feet.

Learn more about the property and building on this page. The roof of the home is made of wood shake/ shingles. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 440 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Apr 21, 2021 for $6,128,000. That's $2,281.46 per sqft. 1545 Edgewood Drive was last assessed in 2023. The total value of the property was assessed at $6,375,571. Specifically, the land the property is located on was valued at $5,722,200. While improvements on the property were assessed at a total of $653,371. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $75,306. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 16,730
  • Lot Size Depth Feet: 1,950
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,686
  • Gross Building Area: 2,686
  • Building Area: 2,686
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,686
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CRESCENT PARK MAP 04
  • Land Acres: 0.384
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CRESCENT PARK BLK 1 LOT 8

Ownership

  • Current Owner : LI ZHEN
  • Current Owner 2: LIU LIMIN
  • Previous Owner : PARSONS JON R
  • Previous Owner 2: CARSON LIZBETH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palo Alto Unified School District
  • Census Tract: 511100

Zoning

  • Zoning: R1929

Geography

  • Subdivision Tract Number: 234
  • Parcel: 003-12-008
  • Municipality: PALO ALTO
  • Latitude: 37.4538
  • Longitude: -122.135

    Address

  • Full Address: 1545 Edgewood Dr
  • Address - House Number: 1545
  • Address - Street Name: Edgewood
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C042
  • 4-Digit Zip Code: 2818
  • Zip Code: 94303

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $75,306
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 73
  • Final Value: 4,749,595
  • High Value: 5,692,742
  • Low Value: 3,806,447

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,983,200
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 11, 2021
  • First Open Lien Mortgage Loan Amount: $3,983,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,375,571
  • Assessed Land Value: $5,722,200
  • Assessed Improvements Value: $653,371

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 21, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Transaction ID: 11834349945
  • Current Sale Price: $6,128,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24955852

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: May 11, 2021
  • First Mortgage Loan Amount: $3,983,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

About Duveneck - St. Francis



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 1545 Edgewood Drive located in?
The 1545 Edgewood Drive is a located in the neighborhood of Duveneck - St. Francis in Duveneck - St. Francis, Palo Alto.
What is the average sales price for listings in 1545 Edgewood Drive?
The average sales price for units in 1545 Edgewood Drive is $0 currently.

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