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360 West Meadow Drive

360 West Meadow Drive, Palo Alto, CA 94306
Property in Ventura
Sold Dec 22, 2021
$4,695,000
$3,745,000 by Guaranteed Rate Affinity Llc
Mortgage Due Jan 01, 2052
Sold Feb 18, 1998
Transfer
$765,000 by Washington Mutual Bank Fa
Mortgage Due Mar 01, 2028
360 West Meadow Drive 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 1997 and is 27 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. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 360 West Meadow Drive has 3,032 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 14,669 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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 656 sqft. According to our sources, there are a total of 2 available parking spaces. 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 average. 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. In terms of heating, it is utilizing a heating system. 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, 360 West Meadow Drive sold most recently in Dec 3, 2021 for a total of $4,695,000. If you work out the math, that's approximately a cost of $1,548.48 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 $56,871 in taxes each year. 360 West Meadow Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $4,788,900. If we break it down further, the land itself was valued at $3,972,900. Improvements to the property, however, were assessed at a total of $816,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 656
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 14,669
  • Total Building Area: 3,032
  • Gross Building Area: 3,032
  • Building Area: 3,032
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 3,032
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WALNUT ORCHARD PARK
  • Land Acres: 0.337
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 15-17

Ownership

  • Current Owner : PENG YEFEI
  • Current Owner 2: MAO MING
  • Previous Owner : KARIM NADEEM A
  • Previous Owner 2: THE NKARIM 2021 REVOCABLE LIVI
  • Owner Before Previous Owner: WITT JAMES M
  • Owner Before Previous Owner 2: WITT JOSEPHINE R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palo Alto Unified School District
  • Census Tract: 510700

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 44-D4
  • Parcel: 132-43-175
  • Lot: 15-17
  • Municipality: PALO ALTO
  • Latitude: 37.4164
  • Longitude: -122.125

    Address

  • Full Address: 360 W Meadow Dr
  • Address - House Number: 360
  • Street Direction: W
  • Address - Street Name: Meadow
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C050
  • 4-Digit Zip Code: 4136
  • Zip Code: 94306

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $56,871
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 4,233,454
  • High Value: 5,101,189
  • Low Value: 3,365,719

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,745,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Open Lien Mortgage Recording Date: Dec 22, 2021
  • First Open Lien Mortgage Loan Amount: $3,745,000
  • 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: $4,788,900
  • Assessed Land Value: $3,972,900
  • Assessed Improvements Value: $816,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 03, 2021
  • Current Sale Recording Date: Dec 22, 2021
  • Current Sale Transaction ID: 11875369707
  • Current Sale Price: $4,695,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25201789
  • Previous Sale Recording Date: Feb 18, 1998
  • Previous Sale Contract Date: Feb 13, 1998
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Mortgage Transaction Date: Dec 22, 2021
  • First Mortgage Loan Amount: $3,745,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Feb 18, 1998
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $765,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Mar 01, 2028

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 360 West Meadow Drive located in?
The 360 West Meadow Drive is a located in the neighborhood of Ventura in Ventura, Palo Alto.
What is the average sales price for listings in 360 West Meadow Drive?
The average sales price for units in 360 West Meadow Drive is $0 currently.

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