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2950 Ramona Street

2950 Ramona Street, Palo Alto, CA 94306
Sold Jun 29, 2022
$3,886,000
Buyer
$2,331,450 by Axos Bank
Mortgage Due Jul 01, 2052
Sold Jul 28, 2016
$1,050,000
$625,000 by Mk Lending Corp
Mortgage Due Aug 01, 2046
2950 Ramona Street 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 2009 and is 15 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2950 Ramona Street has 2,338 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 900 ft and across the front of the lot is 670 ft. The area measurement of the land has been determined as 6,030 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a custom style.

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 221 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 air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. 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, 2950 Ramona Street was last sold in Jun 9, 2022 for $3,886,000. According to our calculations, that's $1,662.10 per sqft. Prior to that sales transaction, the property was sold for $1,050,000 in Jul 20, 2016. Current property owners are expected to pay $40,036 in taxes per year. The property on 2950 Ramona Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,885,750. To break that down further, the land itself was valued at $2,800,000. While improvements to the property were assessed at a total of $1,085,750. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 2009
  • Effective Year Built: 2009
  • 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
  • Building Style: Custom
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 221
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,030
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 670
  • Total Building Area: 2,338
  • Gross Building Area: 1,341
  • Building Area: 2,338
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,338
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STANFORD CITY
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: STANFORD CITY MAP C7 791

Ownership

  • Current Owner : CONG KAN
  • Previous Owner : HWANG MICHAEL C
  • Owner Before Previous Owner: HWANG SEUNG HO
  • Owner Before Previous Owner 2: HWANG YOUNG SOON
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palo Alto Unified School District
  • Census Tract: 510900

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 44-C3
  • Parcel: 132-19-060
  • Block: 10
  • Lot: 7-10
  • Municipality: PALO ALTO
  • Latitude: 37.4255
  • Longitude: -122.132

    Address

  • Full Address: 2950 Ramona St
  • Address - House Number: 2950
  • Address - Street Name: Ramona
  • Address - Suffix Type: St
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C066
  • 4-Digit Zip Code: 2368
  • Zip Code: 94306

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $40,036
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 3,722,645
  • High Value: 4,450,480
  • Low Value: 2,994,809

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,331,450
  • First Open Lien Mortgage Lender: AXOS BANK
  • First Open Lien Mortgage Recording Date: Jun 29, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,331,450
  • 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: Jul 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,885,750
  • Assessed Land Value: $2,800,000
  • Assessed Improvements Value: $1,085,750

    Sales

  • Current Sale Contract Date: Jun 09, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Transaction ID: 11890900992
  • Current Sale Price: $3,886,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25328248
  • Previous Sale Recording Date: Jul 28, 2016
  • Previous Sale Contract Date: Jul 20, 2016
  • Previous Sale Amount: $1,050,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: AXOS BANK
  • First Mortgage Transaction Date: Jun 29, 2022
  • First Mortgage Loan Amount: $2,331,450
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MK LENDING CORP
  • Previous Mortgage Transaction Date: Jul 28, 2016
  • Previous Mortgage Loan Amount: $625,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2046

About Midtown Palo Alto



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,270 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager

Frequently Asked Questions

What neighborhood is 2950 Ramona Street located in?
The 2950 Ramona Street 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 2950 Ramona Street?
The average sales price for units in 2950 Ramona Street is $0 currently.

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