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Sold for $1,040,000
  • Tax assessed value
    $1,040,000

    1508 Bay Rd, East Palo Alto, CA 94303

    3beds
    1,230sqft
    Single Family Residence, Residential
    Built in 1930
    10,500 Square Feet Lot
    $1,112,300 Zestimate®
    $846/sqft
    $4,695 Estimated rent

    Home value

    $1,112,300

    $1.03M - $1.20M

    $4,695/mo

    Zestimate® history
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    $6,502/mo

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    $6,502/mo

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    What's special

    This secluded property is a rare find, sitting on a large, expansive lot with higher-density multifamily zoning, offering limitless potential for development. The lot is ideal for developers or investors looking to capitalize on the opportunity to build multiple units, whether multi-family residences or townhomes. The existing home features a spacious living area with hardwood floors and large windows that flood the space with natural light. The kitchen, equipped with a gas stove, leads to flexible adjacent rooms, offering a solid foundation for renovation or redevelopment. The patio doors open to a vast, fenced backyard shaded by mature trees, perfect for landscaping or outdoor gatherings. While the home needs some work, the development possibilities are endless. With easy access to Hwy 101, restaurants, shopping, and major tech companies, this property is strategically positioned for future growth and development. Dont miss the chance to explore the endless opportunities this unique lot presents. Visit and envision the future of this remarkable space.

    Zillow last checked:

    Listing updated:

    Listed by:

    Graeham Watts 01466876 650-308-4727,

    Intero Real Estate Services 650-947-4700

    Bought with:

    Lizzeth Flores, 02219947

    Infinite Real Estate

    Source: MLSListings Inc,MLS#: ML81977462MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Dining room
    • Features: NoFormalDiningRoom
    Family room
    • Features: NoFamilyRoom
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Features
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 1,230
    • Total interior livable area: 1,230 sqft

    Property

    Parking
    • Parking features: No Garage
    Features
    • Stories: 1
    Lot
    • Size: 10,500 sqft
    Details
    • Parcel number: 063203370
    • Zoning: R10000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence, Residential
    Materials
    • Foundation: Concrete Perimeter and Slab
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Gas: PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & neighborhood

    Location
    • Region: East Palo Alto

    Other

    Other facts
    • Listing agreement: ExclusiveRightToSell

    Price history

    DateEventPrice
    10/16/2024Sold$1,040,000+15.7%$846/sqft
    Source: MLSListings Inc #ML81977462 Report a problem
    10/1/2024Pending sale$899,000$731/sqft
    Source: MLSListings Inc #ML81977462 Report a problem
    8/21/2024Listed for sale$899,000+24%$731/sqft
    Source: MLSListings Inc #ML81977462 Report a problem
    12/10/2015Listing removed$3,000$2/sqft
    Source: OneRent Report a problem
    11/18/2015Price change$3,000+7.1%$2/sqft
    Source: OneRent Report a problem
    11/17/2015Listed for rent$2,800$2/sqft
    Source: OneRent Report a problem
    10/2/2015Sold$725,000+23.1%$589/sqft
    Source: Public Record Report a problem
    9/20/2015Pending sale$588,888$479/sqft
    Source: Coldwell Banker Residential Brokerage - Los Altos #81513743 Report a problem
    9/9/2015Listed for sale$588,888$479/sqft
    Source: Coldwell Banker #ML81513743 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,391 +20.4%$1,040,000 +23.6%
    2024$11,125 +2.5%$841,419 +2%
    2023$10,855 +4.9%$824,922 +2%
    2022$10,344 +2.1%$808,748 +2%
    2021$10,131 +1.5%$792,891 +1%
    2020$9,984 -0.3%$784,762 +2%
    2019$10,013 +2%$769,375 +2%
    2018$9,820 +3.7%$754,290 +2%
    2017$9,474 +0.9%$739,500 +2%
    2016$9,392 +23.3%$725,000 +2060.4%
    2015$7,615 +457.5%$33,559 +2%
    2014$1,366 $32,903 +0.5%
    2013-- $32,755 +2%
    2012-- $32,114
    2011-- $32,114 +2.8%
    2010-- $31,251 -0.2%
    2009-- $31,326 +2%
    2008-- $30,713 +2%
    2007-- $30,111 +2%
    2006-- $29,522
    2005-- $29,522 +4%
    2004-- $28,378 +1.9%
    2003-- $27,859 +2%
    2002-- $27,313 +2%
    2001-- $26,779 +2%
    2000-- $26,255

    Find assessor info on the county website

    Neighborhood: 94303

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: CostanoElementary
    • High: CarlmontHigh
    • District: RavenswoodCityElementary

    Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,112,300
    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
    $1,112,300