tomo logo

$5,800,000

Beds
4
Baths
3.5
sq ft
2,600

21 Somerset Pl, Palo Alto, CA 94301

21 Somerset Pl

Palo Alto, CA 94301

  • 6 days on market
Bathed in natural light and exuding modern luxury, this home on a sought-after Crescent Park cul de sac is recently remodeled with extensive upgrades. A fully functional floorplan, versatile spaces, and low-maintenance features offer refinement and ease. Open living and dining rooms and a sophisticated island kitchen with breakfast/family area provide plenty of space for both gatherings and everyday living. The main sleeping wing hosts three bedrooms, including a primary suite with outdoor access. A second primary ensuite is privately located at the second floor. Entertain or unwind in a backyard haven with fruit trees, easy-care landscaping, and multiple seating areas. Enjoy luxury bath remodels, new quartz countertops, multiple skylights, and red oak floors. Nestled away from downtown distractions, the location lends excellent access to shopping, dining, tech, and top-performing schools like Duveneck Elementary, Greene Middle, and Palo Alto High (buyer to verify).

Details

Property type

Single Family Residence

Est. home value

$4,884,323

Lot size

7,930 sq ft

Price per sq ft

$2,231

Year built

2000

HOA

No

Price History

01/09/2025
BridgeMLS

BridgeMLS #ML81989758

Listed
$5,800,000
+41.46%
07/28/2020
BridgeMLS

BridgeMLS #ML81788523

Sold
$4,100,000

Schools & Community

Neighborhood: 

Crescent Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Palo Alto Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$3,682,688
Asking price
$5,800,000
Closing costs (~8% of asking)
-$464,000
Est. remaining loan balance
-$1,653,312
Cash to seller
$3,682,688

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Axos Bank

Loan start date

June 2021

Original loan amount

$1,790,000

Est. remaining balance

$1,653,312

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Guanglei Zhang and Yang Wan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/15/2025 at 2:40 AM

Listing updated: 01/14/2025 at 11:30 AM

Listed by: Xin Jiang, Compass Phone #: (650) 283-8379

MLS: BridgeMLS #ML81989758

BridgeMLS logo

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