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$14,388,000

Beds
5
Baths
3.5
sq ft
5,353

535 Kingsley Ave, Palo Alto, CA 94301

535 Kingsley Ave

Palo Alto, CA 94301

  • 420 days on market
    • Price drop $1,562,000↓
Authentic Victorian architecture from the 1890s, this Professorville home was built in 2004. Rare opportunity to own a newer home in Professorville. This home exudes a vintage ambiance from the outside, w/ wavy shingled front facade, ex-lg covered front porch & slate tile roof in a Necco wafer pattern. Reclaimed S.F. cobblestone with grass median strip recalls the earlier era & magnificent live oaks. Exceptionally bright and flowing over 3 levels w/ central staircase & elevator. Rich hue of cherry wood, on floors, moldings, columns, & Victorian spindles, with contrasting maple on wainscot and cabinetry. Formal living & dining rms & office, kitchen and family rm w/ built-in casual dining area in main level. 5 bdrms w/ 4 on the upper level, incl primary suite w/ infinity tub & steam shower. Recreation area & guest suite w/ bdrm & bth in lower level open to private patio w/ stairs to the rear yard. Guest bdrm & half-bath above the garage. Few blocks away from vibrant downtown PA.

Details

Property type

Single Family Residence

Est. home value

$11,544,610

Lot size

0.3471 acres

Price per sq ft

$2,688

Year built

2004

Price History

04/26/2024
BridgeMLS

BridgeMLS #ML81923705

Price change
$14,388,000
-9.79%
01/29/2024
BridgeMLS

BridgeMLS #ML81923705

Listed
$15,950,000

Schools & Community

Neighborhood: 

Professorville

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

$12,601,771
Asking price
$14,388,000
Closing costs (~8% of asking)
-$1,151,040
Est. remaining loan balance
-$635,189
Cash to seller
$12,601,771

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

Seller’s Loan History

Lender

Suntrust Mortgage Inc

Loan start date

May 2013

Original loan amount

$869,000

Est. remaining balance

$635,189

Interest rate

3.43%

Loan type

New Conventional, 30 year

Seller

Eric M Verwillow and Kathryn A Verwillow

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: 12/25/2024 at 9:35 AM

Listing updated: 10/06/2024 at 11:38 PM

Listed by: Hanna Shacham, Coldwell Banker Realty Phone #: (650) 207-1555

MLS: BridgeMLS #ML81923705

BridgeMLS logo

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