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540 Irven Court

540 Irven Court, Palo Alto, CA 94306
Property in Green Acres
Sold Mar 17, 2021
$2,615,000
$1,115,000 by Summit Funding Inc
Mortgage Due Apr 01, 2051
540 Irven Court in Palo Alto, CA was first built in 1935 and is 89 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 custom style. It is a single story home. There are a total of 9 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 540 Irven Court has 2,241 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 460 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 5,750 square feet.

Learn more about the property and building on this page. There is a porch and a patio. For those who need parking, there is a garage. The garage is 320 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. 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, 540 Irven Court was last sold in Mar 4, 2021 for $2,615,000. According to our calculations, that's $1,166.89 per sqft. Current property owners are expected to pay $32,648 in taxes per year. The property on 540 Irven Court was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,720,646. To break that down further, the land itself was valued at $2,548,980. While improvements to the property were assessed at a total of $171,666. 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. 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.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.

Building Features

Parking

Detached Garage
On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 5,750
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 460
  • Total Building Area: 2,241
  • Gross Building Area: 1,012
  • Building Area: 2,241
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 2,241
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: IRVEN
  • Land Acres: 0.132
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 12

Ownership

  • Current Owner : LIU WEI
  • Current Owner 2: WU JING
  • Previous Owner : BOURGEOIS DANA BLAIR
  • Previous Owner 2: BOURGEOIS PATRICIA M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Palo Alto Unified School District
  • Census Tract: 510600

Zoning

  • Zoning: R1B1

Geography

  • Assessors Map Reference: 44-D5
  • Parcel: 137-25-010
  • Lot: 12
  • Municipality: PALO ALTO
  • Latitude: 37.41
  • Longitude: -122.125

    Address

  • Full Address: 540 Irven Ct
  • Address - House Number: 540
  • Address - Street Name: Irven
  • Address - Suffix Type: Ct
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C071
  • 4-Digit Zip Code: 3950
  • Zip Code: 94306

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $32,648
  • Tax Rate Code Area: 06-059

    Appraisal Valuation

  • Standard Deviation: 0.2032
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 72
  • Final Value: 3,154,097
  • High Value: 3,795,249
  • Low Value: 2,512,945

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,115,000
  • First Open Lien Mortgage Lender: SUMMIT FUNDING INC
  • First Open Lien Mortgage Recording Date: Mar 17, 2021
  • First Open Lien Mortgage Loan Amount: $1,115,000
  • 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: Apr 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,720,646
  • Assessed Land Value: $2,548,980
  • Assessed Improvements Value: $171,666

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 04, 2021
  • Current Sale Recording Date: Mar 17, 2021
  • Current Sale Transaction ID: 11824912131
  • Current Sale Price: $2,615,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24878120

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT FUNDING INC
  • First Mortgage Transaction Date: Mar 17, 2021
  • First Mortgage Loan Amount: $1,115,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

About Green Acres



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Frequently Asked Questions

What neighborhood is 540 Irven Court located in?
The 540 Irven Court is a located in the neighborhood of Green Acres in Green Acres, Palo Alto.
What is the average sales price for listings in 540 Irven Court?
The average sales price for units in 540 Irven Court is $2,550,000 , or $1,138/sqft. currently.

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