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670 Newell Road

670 Newell Road, Palo Alto, CA 94303
Property in Crescent Park
Sold Jul 08, 2021
$4,150,000
$3,000,000 by Pnc Bank Na
Mortgage Due Aug 01, 2051
670 Newell Road 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 1948 and is 76 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 670 Newell Road has 2,207 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 1,200 ft and across the front of the lot is 700 ft. The area measurement of the land has been determined as 8,400 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 434 sqft. According to our sources, there are a total of 2 available parking spaces. Love to swim? You'll be excited to find out that there is a both a pool and a spa on the property. 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. There is a single fireplace in the home. Perfect for those wintery nights. 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, 670 Newell Road sold most recently in Jun 30, 2021 for a total of $4,150,000. If you work out the math, that's approximately a cost of $1,880.38 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 $49,529 in taxes each year. 670 Newell Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,690,000. If we break it down further, the land itself was valued at $3,378,700. Improvements to the property, however, were assessed at a total of $311,300. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 434
  • Parking Space Count: 2
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,207
  • Gross Building Area: 2,207
  • Building Area: 2,207
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,207
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CRESCENT PARK 03
  • Land Acres: 0.193
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLK 124 LOT 37 RECORDER'S BOOK Y PAGE 7

Ownership

  • Current Owner : PUDIPEDDI BHARADWAJ
  • Current Owner 2: LANKA PRIYADARSINI
  • Previous Owner : TSENG WILLIAM GREGORY
  • Previous Owner 2: WELDER TERESA TSENG
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Palo Alto Unified School District
  • Census Tract: 511200

Zoning

  • Zoning: R1

Geography

  • Parcel: 003-23-025
  • Municipality: PALO ALTO
  • Latitude: 37.4522
  • Longitude: -122.138

    Address

  • Full Address: 670 Newell Rd
  • Address - House Number: 670
  • Address - Street Name: Newell
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C042
  • 4-Digit Zip Code: 2847
  • Zip Code: 94303

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $49,529
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.1985
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 73
  • Final Value: 4,033,412
  • High Value: 4,834,344
  • Low Value: 3,232,480

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,000,000
  • First Open Lien Mortgage Lender: PNC BANK NA
  • First Open Lien Mortgage Recording Date: Jul 08, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,000,000
  • 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: Aug 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,690,000
  • Assessed Land Value: $3,378,700
  • Assessed Improvements Value: $311,300

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Jul 08, 2021
  • Current Sale Transaction ID: 11842034933
  • Current Sale Price: $4,150,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25021150

    Last Sale Mortgage

  • First Mortgage Lender: PNC BANK NA
  • First Mortgage Transaction Date: Jul 08, 2021
  • First Mortgage Loan Amount: $3,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 670 Newell Road located in?
The 670 Newell Road is a located in the neighborhood of Crescent Park in Crescent Park, Palo Alto.
What is the average sales price for listings in 670 Newell Road?
The average sales price for units in 670 Newell Road is $0 currently.

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