See Home Value
$3,295,838*
House - Off Market

1218 Middlefield RD

PALO ALTO, CA 94301
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2764 Sqft
$2,835,000 - $3,465,000
Reference Base Price*
4.63%
Since Jan 1, 2023
CA-San Francisco
Primary Model
Sold Mar 21, 2023
$2,415,000
$1,924,400 by U.s. Bank National Association
Mortgage Due Apr 01, 2053
Sold Mar 25, 2021
$2,800,000
$1,960,000 by Homestreet Bank
Mortgage Due Apr 01, 2051

About This Property

Exceptional & immediate opportunity for a developer or end user to build on this lot (with accompanied plans) in the coveted Professorville neighborhood of Palo Alto in close proximity to downtown. City of Palo Alto has already approved the construction plans (buyer to verify with the building department) so that construction can begin right away. Plans are for a 4 bed, 4 bath residence comprising 2,764 square feet. Plans include incredible outdoor spaces with pool & outdoor kitchen with pizza oven and fireplace. Seller has a fixed bid with a local general contractor and, per the seller, the agreement is transferable to the new buyer (buyer to verify with contractor). Seller has placed a deposit on the window order with Arcadia Custom windows. This property is just blocks to University Ave & downtown. Nestled within the heart of Silicon Valley with access to outstanding Palo Alto schools, tech campuses & Stanford. This offering is for the property with plans; construction not included.

The manager has listed the unit size as 2764 square feet.
Unit Size
2,764Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$1,140
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1922

Price History

Date / Event Date Event Price
Mar 21, 2023 Sold to Qiujiang Li, Zhuo Wang $2,415,000
Sold to Qiujiang Li, Zhuo Wang
Dec 9, 2022 No longer available -
No longer available
Nov 5, 2022 Listed $3,150,000
Listed
Mar 25, 2021 Sold to Jalena Cypress Bingham $2,800,000
Sold to Jalena Cypress Bingham
Aug 19, 2019 Sold to Equity Ventures Llc Cirius $2,300,000
Sold to Equity Ventures Llc Cirius

Property Highlights

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: E-
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 5,975
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 560
  • Gross Building Area: 560
  • Building Area: 560
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 560
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MANLIUS
  • Land Acres: 0.137
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLOCK 93 LOT 27

Ownership

  • Current Owner : LI QIUJIANG
  • Current Owner 2: WANG ZHUO
  • Previous Owner : JALENA CYPRESS BINGHAM TRUST
  • Owner Before Previous Owner: CIRIUS EQUITY VENTURES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Palo Alto Unified School District
  • Census Tract: 511301

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 44-B1
  • Parcel: 120-07-015
  • Block: 93
  • Lot: 27
  • Municipality: PALO ALTO
  • Latitude: 37.4448
  • Longitude: -122.148

    Address

  • Full Address: 1218 Middlefield Rd
  • Address - House Number: 1218
  • Address - Street Name: Middlefield
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C020
  • 4-Digit Zip Code: 3346
  • Zip Code: 94301

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $34,977
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.2254
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 68
  • Final Value: 3,005,391
  • High Value: 3,682,836
  • Low Value: 2,327,947

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,924,400
  • First Open Lien Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Mar 21, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,924,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,913,120
  • Assessed Land Value: $2,887,110
  • Assessed Improvements Value: $26,010

    Sales

  • Current Sale Contract Date: Mar 08, 2023
  • Current Sale Recording Date: Mar 21, 2023
  • Current Sale Transaction ID: 11903887660
  • Current Sale Price: $2,415,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25451426
  • Previous Sale Recording Date: Mar 25, 2021
  • Previous Sale Contract Date: Mar 18, 2021
  • Previous Sale Amount: $2,800,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • First Mortgage Transaction Date: Mar 21, 2023
  • First Mortgage Loan Amount: $1,924,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Apr 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: HOMESTREET BANK
  • Previous Mortgage Transaction Date: Mar 25, 2021
  • Previous Mortgage Loan Amount: $1,960,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,927 ft²
$1,815/ft²
$3,498,000 Jun 8, 2023
-
-
House
5 Beds
3 Baths
1,813 ft²
$1,627/ft²
$2,949,888 Apr 20, 2023
-
-

About University South


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Frequently Asked Questions

When was property at 1218 Middlefield Road built and last sold?
The property at 1218 Middlefield Road was built in 1922 and last sold on Mar 8, 2023 for $2,415,000.
How much is this home worth?
The estimated value of the home located at 1218 Middlefield Road is $3,181,500.
What are some comparable homes to 1218 Middlefield Road?
Homes that are comparable to 1218 Middlefield Road include a house property at 895 Melville Avenue, 1027 High Street, which are both great to check out.

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