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4062 2nd Street

4062 2nd Street, Palo Alto, CA 94306
Property in Ventura
Sold Jun 25, 2021
$3,100,000
$2,480,000 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2051
Sold May 31, 2007
Transfer
$417,000 by Princeton Capital
Mortgage Due Jun 01, 2022
Local assessors in Palo Alto, CA have categorized 4062 2nd Street as a residential type of property. The home was built in 1952 and is 72 years old. The property's lot size has been calculated to be 9,150 square feet. The linear feet between the front and back of the lot was measured at 1,830 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 4062 2nd Street has a total of 1,734 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 396 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on no air conditioning for their cooling system. The home's no heating system is the primary heating source and it is being fueled with nothing. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 4062 2nd Street sold most recently in Jun 23, 2021 for a total of $3,100,000. If you work out the math, that's approximately a cost of $2,192.36 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 $38,620 in taxes each year. 4062 2nd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,225,240. If we break it down further, the land itself was valued at $2,913,120. Improvements to the property, however, were assessed at a total of $312,120. 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: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 9,150
  • Lot Size Depth Feet: 1,830
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,414
  • Gross Building Area: 1,050
  • Building Area: 1,734
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 1,734
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WALNUT ORCHARD PARK
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ZHANG RUI
  • Current Owner 2: WATSON WILLIAM REED
  • Previous Owner : GURWITH MARC
  • Previous Owner 2: GURWITH DOROTHY
  • Owner Before Previous Owner: ORELOVE MERLE
  • Owner Before Previous Owner 2: POLISH ALAN L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 44-D4
  • Parcel: 132-43-065
  • Lot: 26,27
  • Municipality: PALO ALTO
  • Latitude: 37.4167
  • Longitude: -122.125

    Address

  • Full Address: 4062 2nd St
  • Address - House Number: 4062
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C050
  • 4-Digit Zip Code: 3310
  • Zip Code: 94306

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $38,620
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.1657
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 3,302,348
  • High Value: 3,979,233
  • Low Value: 2,625,463

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,956,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jun 25, 2021
  • First Open Lien Mortgage Loan Amount: $2,480,000
  • 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: Jul 01, 2051
  • Second Open Lien Mortgage Lender: PNC BANK NATIONAL ASSOCIATION
  • Second Open Lien Mortgage Recording Date: Jul 13, 2022
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $476,000
  • Second Open Lien Mortgage Term: 478
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jun 20, 2062

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,225,240
  • Assessed Land Value: $2,913,120
  • Assessed Improvements Value: $312,120

    Sales

  • Current Sale Contract Date: Jun 23, 2021
  • Current Sale Recording Date: Jun 25, 2021
  • Current Sale Transaction ID: 11840852670
  • Current Sale Price: $3,100,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25009121
  • Previous Sale Recording Date: May 31, 2007
  • Previous Sale Contract Date: May 23, 2007
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jun 25, 2021
  • First Mortgage Loan Amount: $2,480,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: PRINCETON CAPITAL
  • Previous Mortgage Transaction Date: May 31, 2007
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2022

About Ventura



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Frequently Asked Questions

What neighborhood is 4062 2nd Street located in?
The 4062 2nd Street is a located in the neighborhood of Ventura in Ventura, Palo Alto.
What is the average sales price for listings in 4062 2nd Street?
The average sales price for units in 4062 2nd Street is $0 currently.

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