Back to Market - No fault of seller! Endless Possibilities! Nestled on a quiet tree-lined street in Palo Alto, this gem features an original 1100 sqft single family home with 3 bedrooms, 1 bathroom and a 3-year-new, fully permitted, detached, 900 sqft ADU with 2 beds, 2 baths. Everything in the front house is in good working condition. The ADU is like brand new. A perfect solution to multi-generational living! Or bring your imagination to fully remodel, rebuild or add a 2nd floor to the front house while living in the ADU!! Or invest and rent out both places for $8000-$9000 or more per month (expected rent, buyer to verify) ! 5 min drive to Whole Foods, Costco, shopping centers, movie cinemas and schools! You do not want to miss this one! Property to be sold As-is.
Sold for $2,495,000
Street View
$2,495,000
124 Monroe Dr, Palo Alto, CA 94306
5beds
2,000sqft
Residential, Single Family Residence
Built in 1952
6,000 Square Feet Lot
$2,772,200 Zestimate®
$1,248/sqft
$7,925 Estimated rent
Home value
$2,772,200
$2.52M - $3.05M
$7,925/mo
Zestimate® history
Owner options
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$7,925/mo
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$7,925/mo
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$16,045/mo
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$16,045/mo
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Zillow last checked:
Listing updated:
Listed by:
Chenran Dai DRE #01971435 408-797-8421,
Morgan Real Estate
Bought with:
Jingmei Gao, DRE #02161111
Intero Real Estate Services
Source: Bay East AOR,MLS#: 41042309
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: 3 Bedrooms, 1 Bath
Kitchen
- Features: Gas Range/Cooktop, Microwave, Refrigerator
Heating
- Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Gas Range, Microwave, Refrigerator, Dryer, Washer
- Laundry: In Garage
Features
- Number of fireplaces: 1
- Fireplace features: Brick
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Pool features: None
- Fencing: Fenced
Lot
- Size: 6,000 Square Feet
- Features: Back Yard, Front Yard, Side Yard
Details
- Parcel number: 14805036
- Special conditions: Standard
- Other equipment: Irrigation Equipment
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- None
- Roof: Unknown
Condition
- Existing
- New construction: No
- Year built: 1952
Utilities & green energy
- Electric: No Solar
Community & HOA
Community
- Subdivision: Palo Alto
HOA
- Has HOA: No
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $1,248/sqft
- Tax assessed value: $2,564,280
- Annual tax amount: $30,682
- Price range: $2.5M - $2.5M
- Date on market: 10/18/2023
- Listing agreement: Excl Right
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/28/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/20/2024 | Price change | $4,500+7.1%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/16/2024 | Listed for rent | $4,200+10.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/12/2024 | Sold | $2,495,000$1,248/sqft |
Source:  Bay East AOR #41042309 Report a problem | ||
| 12/15/2023 | Pending sale | $2,495,000$1,248/sqft |
Source:  bridgeMLS/CCAR/Bay East AOR #41042309 Report a problem | ||
| 11/27/2023 | Listed for sale | $2,495,000$1,248/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41042309 Report a problem | ||
| 11/7/2023 | Pending sale | $2,495,000$1,248/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41042309 Report a problem | ||
| 10/18/2023 | Listed for sale | $2,495,000+355.3%$1,248/sqft |
Source: bridgeMLS/CCAR/Bay East AOR #41042309 Report a problem | ||
| 8/7/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/25/2023 | Price change | $3,800-9.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/17/2023 | Listed for rent | $4,200$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/30/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/23/2022 | Listed for rent | $4,200+15.1%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/8/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 5/26/2021 | Listed for rent | $3,650$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/7/2002 | Sold | $548,000$274/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $30,682 +129.4% | $2,564,280 +134.9% |
| 2024 | $13,375 +1.9% | $1,091,867 +2% |
| 2023 | $13,131 +1.1% | $1,070,458 +2% |
| 2022 | $12,988 -0.5% | $1,049,470 +2% |
| 2021 | $13,055 +12.5% | $1,028,894 +15.6% |
| 2020 | $11,608 | $889,986 +22.6% |
| 2019 | $11,608 +24.1% | $725,712 +2% |
| 2018 | $9,355 | $711,484 +2% |
| 2017 | $9,355 +3.7% | $697,534 +2% |
| 2016 | $9,024 +4.1% | $683,858 +1.5% |
| 2015 | $8,671 +1% | $673,586 +2% |
| 2014 | $8,589 | $660,392 +0.5% |
| 2013 | -- | $657,408 +2% |
| 2012 | -- | $644,518 +2% |
| 2011 | -- | $631,882 +0.8% |
| 2010 | -- | $627,160 -0.2% |
| 2009 | -- | $628,650 +2% |
| 2008 | -- | $616,324 +2% |
| 2007 | -- | $604,240 +2% |
| 2006 | -- | $592,394 +2% |
| 2005 | -- | $580,780 +2% |
| 2004 | -- | $569,394 +4% |
| 2003 | -- | $547,600 +78.4% |
| 2002 | -- | $306,988 +2% |
| 2001 | -- | $300,970 |
Find assessor info on the county website
Neighborhood: Monroe Park
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Nearby schools
GreatSchools rating
- 10/10Santa Rita Elementary SchoolGrades: K-6Distance: 0.9 mi
- 9/10Ardis G. Egan Junior High SchoolGrades: 7-8Distance: 0.8 mi
- 10/10Los Altos High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$2,772,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,772,200
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