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1010 Colorado Avenue

1010 Colorado Avenue, Palo Alto, CA 94303
Sold May 24, 2021
$3,168,000
$2,350,000 by Citibank Na
Mortgage Due Jun 01, 2051
Sold May 30, 2019
$2,025,000
1010 Colorado Avenue has been categorized by the local assessors in Palo Alto, CA as a residential type of property. The building on the property was first built in 1953 and is 71 years old. However, we must point out that the home was most recently renovated and altered in 2021. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1010 Colorado Avenue has 1,655 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 650 ft. The area measurement of the land has been determined as 6,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 378 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with nothing. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1010 Colorado Avenue was last sold in Apr 28, 2021 for $3,168,000. According to our calculations, that's $1,914.20 per sqft. Prior to that sales transaction, the property was sold for $2,025,000 in May 23, 2019. Current property owners are expected to pay $39,363 in taxes per year. The property on 1010 Colorado Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,295,987. To break that down further, the land itself was valued at $2,611,404. While improvements to the property were assessed at a total of $684,583. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 378
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,655
  • Gross Building Area: 1,655
  • Building Area: 1,655
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,655
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STERLING GARDENS 04
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT 1190 STERLING GARDENS NO 4 BOOK 44 PAGE 52 BLOCK 8 LOT 13

Ownership

  • Current Owner : WANG YI
  • Current Owner 2: AN QI
  • Previous Owner : WANG TIELLU
  • Previous Owner 2: WANG XUELAN
  • Owner Before Previous Owner: RLT CRITTENDEN MARY EVELYN
  • Owner Before Previous Owner 2: RLT MARY EVELYN CRITTENDEN
  • 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: 511000

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 44-D2
  • Subdivision Tract Number: 1190
  • Parcel: 127-07-039
  • Block: 8
  • Lot: 13
  • Municipality: PALO ALTO
  • Latitude: 37.4385
  • Longitude: -122.118

    Address

  • Full Address: 1010 Colorado Ave
  • Address - House Number: 1010
  • Address - Street Name: Colorado
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C024
  • 4-Digit Zip Code: 3805
  • Zip Code: 94303

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $39,363
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.1739
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 73
  • Final Value: 3,084,763
  • High Value: 3,697,318
  • Low Value: 2,472,208

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,350,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: May 24, 2021
  • First Open Lien Mortgage Loan Amount: $2,350,000
  • 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: $3,295,987
  • Assessed Land Value: $2,611,404
  • Assessed Improvements Value: $684,583

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 28, 2021
  • Current Sale Recording Date: May 24, 2021
  • Current Sale Transaction ID: 11836143306
  • Current Sale Price: $3,168,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24970513
  • Previous Sale Recording Date: May 30, 2019
  • Previous Sale Contract Date: May 23, 2019
  • Previous Sale Amount: $2,025,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: May 24, 2021
  • First Mortgage Loan Amount: $2,350,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

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Frequently Asked Questions

What neighborhood is 1010 Colorado Avenue located in?
The 1010 Colorado Avenue is a located in the neighborhood of Midtown Palo Alto in Midtown Palo Alto, Palo Alto.
What is the average sales price for listings in 1010 Colorado Avenue?
The average sales price for units in 1010 Colorado Avenue is $0 currently.

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