tomo logo

$2,988,888

Beds
3
Baths
2.5
sq ft
1,846

406 Pratt Ln, Palo Alto, CA 94306

406 Pratt Ln

Palo Alto, CA 94306

  • 23 days on market
    • Open house Apr 05
This impeccably maintained, move-in-ready detached single-family home is nestled in the highly sought-after Redwood Gate community of Palo Alto. Built in 2010, it features a thoughtfully designed open floor plan with soaring ceilings and expansive windows that flood the space with natural light. Step outside to the sun-drenched backyard, perfect for al fresco dining and entertaining. All three bedrooms, along with an open-concept office/family room and a convenient laundry room, are located on the second floor. The luxurious primary suite offers a spa-like bath with dual vanities, a walk-in shower, and an oversized walk-in closet. Dual-zone central heating and air conditioning ensure year-round comfort. The attached two-car garage includes electric vehicle charging capability. Minutes from top-rated schools, premier private school options, vibrant dining and shopping, and a short drive to Stanford University. This is Palo Alto living at its finest!

Details

Property type

Single Family Residence

Est. home value

$2,765,240

Lot size

3,842 sq ft

Price per sq ft

$1,620

Year built

2010

HOA fee

$211

Price History

03/13/2025
BridgeMLS

BridgeMLS #ML81997595

Listed
$2,988,888
+2.43%
04/19/2022
SFAR

SFAR #81882298

Sold
$2,918,000

Schools & Community

Neighborhood: 

Charleston Meadow

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Palo Alto Unified

Number of units in community: 

45

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

$551,499
Asking price
$2,988,888
Closing costs (~8% of asking)
-$239,111
Est. remaining loan balance
-$2,198,278
Cash to seller
$551,499

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

April 2022

Original loan amount

$2,324,000

Est. remaining balance

$2,198,278

Interest rate

3.92%

Loan type

New Conventional, 30 year

Seller

Di Mu and Jiawen Zeng

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?

Status: Active

Tomo last checked: 04/05/2025 at 6:00 AM

Listing updated: 04/03/2025 at 4:30 AM

Listed by: Eva Yao, Coldwell Banker Realty Phone #: (650) 799-3633

MLS: BridgeMLS #ML81997595

BridgeMLS logo

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