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736 Coastland Drive

736 Coastland Drive, Palo Alto, CA 94303
Sold Sep 24, 2021
$3,400,000
$2,550,000 by Hsbc Bank Usa
Mortgage Due Oct 01, 2051
Sold Dec 29, 1994
$459,000
$367,200 by Great Western Bank
Mortgage
Local assessors in Palo Alto, CA have categorized 736 Coastland Drive as a residential type of property. The home was built in 1947 and is 77 years old. It was most recently renovated and altered in 1965. The property's lot size has been calculated to be 6,776 square feet. The linear feet between the front and back of the lot was measured at 1,210 ft and the front of the lot was measured at 560 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. 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, 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 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 736 Coastland Drive has a total of 1,690 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a no garage for those who need a place to park their vehicle. Do you like to entertain? The home has both a porch and a screened patio 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. The building has a roof that is made of wood shake/ shingles. Lots of stucco were used in the construction of the exterior walls of the home. The home's a heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Sep 21, 2021 for $3,400,000. That's $2,011.83 per sqft. Prior to that sales transaction, the property was also sold in Dec 20, 1994 for $459,000. 736 Coastland Drive was last assessed in 2023. The total value of the property was assessed at $3,468,000. Specifically, the land the property is located on was valued at $3,111,000. While improvements on the property were assessed at a total of $357,000. 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 $40,518. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 1947
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0
  • Patio Type: Patio - screened
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 6,776
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 560
  • Total Building Area: 1,690
  • Gross Building Area: 1,690
  • Building Area: 1,690
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,690
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MIDDLEFIELD PARK
  • Land Acres: 0.156
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT 364 MIDDLEFIELD PARK BOOK 12 PAGE 30 PAGE 31 BLOCK 218 LOT 16

Ownership

  • Current Owner : LI ZHENG
  • Current Owner 2: ZENG LIAN
  • Previous Owner : MILLER MARC ALLEN
  • Previous Owner 2: MILLER MICHELE P
  • Owner Before Previous Owner: GEORGE KENNETH A
  • Owner Before Previous Owner 2: GEORGE JEANNETTE L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Palo Alto Unified School District
  • Census Tract: 511000

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 44-C2
  • Subdivision Tract Number: 364
  • Parcel: 127-32-007
  • Block: 218
  • Lot: 16
  • Municipality: PALO ALTO
  • Latitude: 37.4367
  • Longitude: -122.131

    Address

  • Full Address: 736 Coastland Dr
  • Address - House Number: 736
  • Address - Street Name: Coastland
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C061
  • 4-Digit Zip Code: 3601
  • Zip Code: 94303

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $40,518
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.2032
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 72
  • Final Value: 3,250,607
  • High Value: 3,911,377
  • Low Value: 2,589,837

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,550,000
  • First Open Lien Mortgage Lender: HSBC BANK USA
  • First Open Lien Mortgage Recording Date: Sep 24, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,550,000
  • 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: Oct 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,468,000
  • Assessed Land Value: $3,111,000
  • Assessed Improvements Value: $357,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 21, 2021
  • Current Sale Recording Date: Sep 24, 2021
  • Current Sale Transaction ID: 11857096391
  • Current Sale Price: $3,400,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25111256
  • Previous Sale Recording Date: Dec 29, 1994
  • Previous Sale Contract Date: Dec 20, 1994
  • Previous Sale Amount: $459,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: HSBC BANK USA
  • First Mortgage Transaction Date: Sep 24, 2021
  • First Mortgage Loan Amount: $2,550,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: GREAT WESTERN BANK
  • Previous Mortgage Transaction Date: Dec 29, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $367,200
  • Previous Mortgage Term: 360

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Frequently Asked Questions

What neighborhood is 736 Coastland Drive located in?
The 736 Coastland Drive is a located in the neighborhood of Midtown Palo Alto in Midtown Palo Alto, Palo Alto.
What is the average sales price for listings in 736 Coastland Drive?
The average sales price for units in 736 Coastland Drive is $0 currently.

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