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1228 Cedar Street

1228 Cedar Street, Palo Alto, CA 94301
Property in Community Center
Sold Nov 27, 2019
$4,900,000
$3,185,000 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2049
Sold May 21, 2010
Transfer
$1,000,000 by Bank Of America Na
Mortgage Due Jun 01, 2040
1228 Cedar Street in Palo Alto, CA was first built in 1999 and is 25 years old. Although, the building on the property was most recently renovated and altered in 2000. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 1228 Cedar Street has 2,860 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 530 ft and the linear feet between the front and back of the lot is 1,560. In total, the area measurement of the land is 8,268 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 400 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 good. As for heating, the home is utilizing a heating system. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1228 Cedar Street sold most recently in Nov 19, 2019 for a total of $4,900,000. If you work out the math, that's approximately a cost of $1,713.29 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $61,094 in taxes each year. 1228 Cedar Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $5,150,772. If we break it down further, the land itself was valued at $4,520,066. Improvements to the property, however, were assessed at a total of $630,706. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,268
  • Lot Size Depth Feet: 1,560
  • Lot Size Frontage Feet: 530
  • Total Building Area: 2,860
  • Gross Building Area: 1,666
  • Building Area: 2,860
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,860
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALBA PARK ADD
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ZHU XIANGFEI
  • Current Owner 2: LIU YAN
  • Previous Owner : MIRCHANDANI SANDEEP
  • Previous Owner 2: XU JINGJING
  • Owner Before Previous Owner: WELLER DANIEL C
  • Owner Before Previous Owner 2: WELLER DANNIE G
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palo Alto Unified School District
  • Census Tract: 511200

Zoning

  • Zoning: R1

Geography

  • Parcel: 003-45-078
  • Municipality: PALO ALTO
  • Latitude: 37.4452
  • Longitude: -122.143

    Address

  • Full Address: 1228 Cedar St
  • Address - House Number: 1228
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C022
  • 4-Digit Zip Code: 3403
  • Zip Code: 94301

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $61,094
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 5,237,306
  • High Value: 6,340,660
  • Low Value: 4,133,951

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $4,355,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Nov 27, 2019
  • First Open Lien Mortgage Loan Amount: $3,185,000
  • 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: Dec 01, 2049
  • Second Open Lien Mortgage Lender: GOOGAIN INC
  • Second Open Lien Mortgage Recording Date: Feb 19, 2020
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $1,170,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Interest Rate Type: Y
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,150,772
  • Assessed Land Value: $4,520,066
  • Assessed Improvements Value: $630,706

    Sales

  • Current Sale Contract Date: Nov 19, 2019
  • Current Sale Recording Date: Nov 27, 2019
  • Current Sale Transaction ID: 11704979987
  • Current Sale Price: $4,900,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24343343
  • Previous Sale Recording Date: May 21, 2010
  • Previous Sale Contract Date: May 17, 2010
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Nov 27, 2019
  • First Mortgage Loan Amount: $3,185,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: May 21, 2010
  • Previous Mortgage Loan Amount: $1,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2040

About Community Center



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1228 Cedar Street located in?
The 1228 Cedar Street is a located in the neighborhood of Community Center in Community Center, Palo Alto.
What is the average sales price for listings in 1228 Cedar Street?
The average sales price for units in 1228 Cedar Street is $0 currently.

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