tomo logo

$4,298,000

Beds
4
Baths
3.0
sq ft
2,592

861 Newell Pl, Palo Alto, CA 94303

861 Newell Pl

Palo Alto, CA 94303

  • 5 days on market
Nestled at the end of a calm yet central cul de sac in Crescent Park Addition, this single-level oasis, effectively built in 2003, is thoughtfully redesigned to embrace indoor-outdoor living to the fullest. The oversized great room and primary suite share access to a stunning retreat with 40-foot heated pool and spa, while expansive windows and skylights bathe interiors with warm natural light. The chefs kitchen offers a large island, breakfast nook, custom storage and stainless appliances. A bedroom and full bath join the large family room to form a private guest apartment if needed. Dominating the main sleeping wing, the primary suite dazzles with a custom walk-in closet and spa bath with soaking tub. Enjoy 5 zones of heating and cooling, wraparound leisure patios, premium BBQ, and upgrades including sleek baths, wide-plank floors, and tech amenities. The outstanding location blends coveted tranquility with easy access to top parks, cultural attractions, and excellent Palo Alto schools.

Details

Property type

Single Family Residence

Est. home value

$3,996,372

Lot size

8,595 sq ft

Price per sq ft

$1,659

Year built

1955

HOA

No

Price History

02/27/2025
BridgeMLS

BridgeMLS #ML81995627

Listed
$4,298,000
+7.45%
09/11/2023
BridgeMLS

BridgeMLS #ML81936954

Sold
$4,000,000

Schools & Community

Neighborhood: 

Duveneck - St. Francis

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

$1,691,844
Asking price
$4,298,000
Closing costs (~8% of asking)
-$343,840
Est. remaining loan balance
-$2,262,316
Cash to seller
$1,691,844

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

August 2023

Original loan amount

$2,300,000

Est. remaining balance

$2,262,316

Interest rate

6.71%

Loan type

New Conventional, 30 year

Seller

Craig Olshan and Shuokui Chen Olshan

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: 03/04/2025 at 5:10 PM

Listing updated: 03/03/2025 at 5:25 AM

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

MLS: BridgeMLS #ML81995627

BridgeMLS logo

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