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553 Thain Way

553 Thain Way, Palo Alto, CA 94306
Property in Green Acres
Sold Feb 03, 2016
$1,425,000
$1,000,000 by Star One Credit Union
Mortgage Due Mar 01, 2046
Sold May 26, 2004
Transfer
$600,000 by Princeton Capital
Mortgage Due Jun 01, 2034
Local assessors in Palo Alto, CA have categorized 553 Thain Way as a residential type of property. The home was built in 1980 and is 44 years old. The property's lot size has been calculated to be 4,422 square feet. The linear feet between the front and back of the lot was measured at 670 ft and the front of the lot was measured at 660 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 7 rooms in the home. Of these, 2 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 2 full bathrooms. There are also 2 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 553 Thain Way has a total of 1,541 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 210 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 - B. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Feb 1, 2016 for $1,425,000. That's $924.72 per sqft. 553 Thain Way was last assessed in 2023. The total value of the property was assessed at $1,621,402. Specifically, the land the property is located on was valued at $810,701. While improvements on the property were assessed at a total of $810,701. 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 $19,861. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 210
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,422
  • Lot Size Depth Feet: 670
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,541
  • Gross Building Area: 1,541
  • Building Area: 1,541
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,541
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BARRON SQUARE CONDO
  • Land Acres: 0.102
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT 6432 BARRON SQUARE CONDO BOOK 436 PAGE 47 PAGE 56

Ownership

  • Current Owner : SINGHAL ASHISH
  • Current Owner 2: SINGHAL AYLA
  • Previous Owner : LAFORGE LISA
  • Owner Before Previous Owner: MICHELSON IRMA
  • 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: R1

Geography

  • Assessors Map Reference: 44-D5
  • Subdivision Tract Number: 6432
  • Parcel: 137-32-057
  • Lot: 1,2
  • Municipality: PALO ALTO
  • Latitude: 37.412
  • Longitude: -122.126

    Address

  • Full Address: 553 Thain Way
  • Address - House Number: 553
  • Address - Street Name: Thain
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C067
  • 4-Digit Zip Code: 3921
  • Zip Code: 94306

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,861
  • Tax Rate Code Area: 06-022

    Appraisal Valuation

  • Standard Deviation: 0.1533
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 73
  • Final Value: 1,862,524
  • High Value: 2,228,526
  • Low Value: 1,496,522

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: STAR ONE CREDIT UNION
  • First Open Lien Mortgage Recording Date: Feb 03, 2016
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • 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: Mar 01, 2046

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,621,402
  • Assessed Land Value: $810,701
  • Assessed Improvements Value: $810,701

    Sales

  • Current Sale Contract Date: Feb 01, 2016
  • Current Sale Recording Date: Feb 03, 2016
  • Current Sale Transaction ID: 1422157404
  • Current Sale Price: $1,425,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 23213213
  • Previous Sale Recording Date: May 26, 2004
  • Previous Sale Contract Date: May 20, 2004
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: STAR ONE CREDIT UNION
  • First Mortgage Transaction Date: Feb 03, 2016
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: PRINCETON CAPITAL
  • Previous Mortgage Transaction Date: May 26, 2004
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $600,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2034

About Green Acres



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Frequently Asked Questions

What neighborhood is 553 Thain Way located in?
The 553 Thain Way is a located in the neighborhood of Green Acres in Green Acres, Palo Alto.
What is the average sales price for listings in 553 Thain Way?
The average sales price for units in 553 Thain Way is $0 currently.

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