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2947 Clara Drive

2947 Clara Drive, Palo Alto, CA 94303
Sold Sep 23, 2021
$4,100,000
$3,000,000 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2051
Sold Jun 29, 2011
$1,910,000
Buyer
Seller
$1,000,000 by Hsbc Bank Usa
Mortgage Due Jul 01, 2041
2947 Clara Drive in Palo Alto, CA was first built in 2004 and is 20 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. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2947 Clara Drive has 2,497 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 600 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 6,000 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 360 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 B. The condition of the building has been evaluated as good. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. 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 Aug 25, 2021 for $4,100,000. That's $1,641.97 per sqft. Prior to that sales transaction, the property was also sold in Jun 17, 2011 for $1,910,000. 2947 Clara Drive was last assessed in 2023. The total value of the property was assessed at $4,182,000. Specifically, the land the property is located on was valued at $3,060,000. While improvements on the property were assessed at a total of $1,122,000. 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 $49,704. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 360
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,497
  • Gross Building Area: 1,519
  • Building Area: 2,497
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,497
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STERLING ESTATES
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CHEN YINGLIU
  • Current Owner 2: JIANG QIANHUI
  • Previous Owner : SHI YAN
  • Previous Owner 2: DING XINYUN
  • Owner Before Previous Owner: VAKIL BIJAL V
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Palo Alto Unified School District
  • Census Tract: 511000

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 44-D2
  • Parcel: 127-07-078
  • Block: 2
  • Lot: 3
  • Municipality: PALO ALTO
  • Latitude: 37.4378
  • Longitude: -122.119

    Address

  • Full Address: 2947 Clara Dr
  • Address - House Number: 2947
  • Address - Street Name: Clara
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C028
  • 4-Digit Zip Code: 4005
  • Zip Code: 94303

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $49,704
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.1739
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 3,798,519
  • High Value: 4,591,159
  • Low Value: 3,005,879

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,000,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 23, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,000,000
  • 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: Oct 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,182,000
  • Assessed Land Value: $3,060,000
  • Assessed Improvements Value: $1,122,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 25, 2021
  • Current Sale Recording Date: Sep 23, 2021
  • Current Sale Transaction ID: 11856776745
  • Current Sale Price: $4,100,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25109911
  • Previous Sale Recording Date: Jun 29, 2011
  • Previous Sale Contract Date: Jun 17, 2011
  • Previous Sale Amount: $1,910,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 23, 2021
  • First Mortgage Loan Amount: $3,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: HSBC BANK USA
  • Previous Mortgage Transaction Date: Jun 29, 2011
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jul 01, 2041

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 2947 Clara Drive located in?
The 2947 Clara Drive 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 2947 Clara Drive?
The average sales price for units in 2947 Clara Drive is $0 currently.

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