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1601 El Camino Real

1601 El Camino Real, Palo Alto, CA 94306
Property in Southgate
Sold Dec 22, 2021
$3,675,000
$1,900,000 by Wells Fargo Bank Na
Mortgage Due Jan 01, 2052
Sold Jul 17, 2020
$1,730,000
$1,611,000 by Iron Bridge Mortgage Fund Llc
Mortgage
1601 El Camino Real in Palo Alto, CA was first built in 1939 and is 85 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 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1601 El Camino Real has 1,246 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 700 ft and the linear feet between the front and back of the lot is 1,050. In total, the area measurement of the land is 7,350 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who need parking, there is a garage. The garage is 396 sqft. There is one available parking space. 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 C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing no heating system and being fueled with nothing. 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, 1601 El Camino Real sold most recently in Dec 17, 2021 for a total of $3,675,000. If you work out the math, that's approximately a cost of $2,949.44 per sqft. Before that, the property was also sold for $1,730,000 in Jul 10, 2020. 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 $44,644 in taxes each year. The initial year of tax delinquency occurred in 2020. 1601 El Camino Real was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,748,500. If we break it down further, the land itself was valued at $2,626,500. Improvements to the property, however, were assessed at a total of $1,122,000. 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: 1939
  • Effective Year Built: 1939
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 396
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,350
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,246
  • Gross Building Area: 1,246
  • Building Area: 1,246
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 1,246
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUTHGATE
  • Land Acres: 0.169
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLOCK A LOT 14

Ownership

  • Current Owner : WANG JENNIFER
  • Current Owner 2: XU KENNETH
  • Previous Owner : SIMSIM REALTY LLC
  • Owner Before Previous Owner: MONTEDONICO SUZANNE
  • Owner Before Previous Owner 2: ESTATE OF ALBERT JOSEPH MONTED
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Palo Alto Unified School District
  • Census Tract: 511501

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 44-A3
  • Parcel: 124-25-051
  • Block: A
  • Lot: 14
  • Municipality: PALO ALTO
  • Latitude: 37.4315
  • Longitude: -122.153

    Address

  • Full Address: 1601 El Camino Real
  • Address - House Number: 1601
  • Address - Street Name: El Camino Real
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C040
  • 4-Digit Zip Code: 1009
  • Zip Code: 94306

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $44,644
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 3,257,271
  • High Value: 3,924,916
  • Low Value: 2,589,625

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,900,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Dec 22, 2021
  • First Open Lien Mortgage Loan Amount: $1,900,000
  • 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: Jan 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,748,500
  • Assessed Land Value: $2,626,500
  • Assessed Improvements Value: $1,122,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Dec 22, 2021
  • Current Sale Transaction ID: 11875369701
  • Current Sale Price: $3,675,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25202712
  • Previous Sale Recording Date: Jul 17, 2020
  • Previous Sale Contract Date: Jul 10, 2020
  • Previous Sale Amount: $1,730,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Dec 22, 2021
  • First Mortgage Loan Amount: $1,900,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: IRON BRIDGE MORTGAGE FUND LLC
  • Previous Mortgage Transaction Date: Jul 17, 2020
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $1,611,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 1601 El Camino Real located in?
The 1601 El Camino Real is a located in the neighborhood of Southgate in Southgate, Palo Alto.
What is the average sales price for listings in 1601 El Camino Real?
The average sales price for units in 1601 El Camino Real is $0 currently.

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