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For sale
  • $5,998,000

    2886 Emerson St, Palo Alto, CA 94306

    5beds
    3,170sqft
    : 
    $41,162/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1950
    6,030 Square Feet Lot
    $5,852,100 Zestimate®
    $1,892/sqft
    $-- HOA

    What's special

    Own a Piece of Silicon Valley Startup History. This remarkable home is more than just a beautiful residence; it was the birthplace of three successful technology startups, including a payroll company that grew into one of Silicon Valley's most recognizable fintech businesses, as well as AI companies SanasAI and Hoomanely. Recently refreshed with new interior paint and professionally redesigned landscaping, this exceptional five-bedroom, four-bathroom home offers an ideal blend of luxury, comfort, and functionality. It features an open-concept kitchen with custom cabinetry and Silestone quartz countertops, a spacious second family room with a wet bar that provides additional flexibility for hosting guests or relaxing with family. Additional highlights include newer hardwood flooring, a generous laundry room, a whole-home multi-zone surround A/V distribution system, and security wiring. The backyard has been transformed into a private retreat, featuring a newly paved patio, fresh sod, and mature landscaping that creates a peaceful outdoor sanctuary with plenty of room to entertain or play. Whether you're drawn by its exceptional design, outstanding location, or its unique place in Silicon Valley history, this is truly a one-of-a-kind home.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Adriana Trenev 01893246 650-383-5697,

    Arbor Real Estate 949-235-8921

    Source: MLSListings Inc,MLS#: ML82056304MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Dining room
      • Features: FormalDiningRoom
      Family room
      • Features: SeparateFamilyRoom
      Heating
      • Central Forced Air Gas
      Cooling
      • Central Air
      Features
      • Number of fireplaces: 2
      • Fireplace features: Gas
      Interior area
      • Total structure area: 3,170
      • Total interior livable area: 3,170 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached
      • Attached garage spaces: 2
      Features
      • Stories: 2
      Lot
      • Size: 6,030 Square Feet
      Details
      • Parcel number: 13226007
      • Zoning: PA
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence, Residential
      Materials
      • Foundation: Concrete Perimeter, Other
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1950

      Utilities & green energy

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

      Community & HOA

      Location
      • Region: Palo Alto

      Financial & listing details

      • Price per square foot: $1,892/sqft
      • Tax assessed value: $4,987,677
      • Annual tax amount: $60,958
      • Date on market: 8/1/2026
      • Listing agreement: ExclusiveAgency

        Estimated market value

        $5,852,100

        $5.56M - $6.14M

        $7,874/mo

        Price history

        DateEventPrice
        8/1/2026Listed for sale$5,998,000+27.6%$1,892/sqft
        Source: MLSListings Inc #ML82056304 Report a problem
        3/7/2022Sold$4,700,000$1,483/sqft
        Source: MLSListings Inc #ML81873507 Report a problem
        1/5/2022Listed for sale$4,700,000+64.9%$1,483/sqft
        Source: MLSListings Inc #ML81873507 Report a problem
        11/10/2020Sold$2,850,000-3.4%$899/sqft
        Source: MLSListings Inc #ML81810106 Report a problem
        10/3/2020Price change$2,950,000-9.2%$931/sqft
        Source: JLEE Realty #ML81810106 Report a problem
        9/10/2020Listed for sale$3,250,000+1705.6%$1,025/sqft
        Source: JLEE Realty #ML81810106 Report a problem
        8/1/2005Sold$180,000$57/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$60,958 +4.1%$4,987,677 +2%
        2024$58,537 +1.5%$4,889,880 +2%
        2023$57,678 +42.2%$4,794,000 +44.8%
        2022$40,565 +16.3%$3,310,662 +16.2%
        2021$34,884 +33.8%$2,850,000 +34.2%
        2020$26,063 $2,124,257 +2%
        2019$26,063 +4.4%$2,082,606 +2%
        2018$24,973 $2,041,771 +2%
        2017$24,973 +1.8%$2,001,737 +2%
        2016$24,535 +3.7%$1,962,488 +1.5%
        2015$23,659 +2.1%$1,933,011 +2%
        2014$23,172 $1,895,147 +0.5%
        2013-- $1,886,583 +2%
        2012-- $1,849,593 +6%
        2011-- $1,745,000 -3%
        2010-- $1,799,777 -0.2%
        2009-- $1,804,053 +2%
        2008-- $1,768,680 +2%
        2007-- $1,734,000 +2%
        2006-- $1,700,000 +138%
        2005-- $714,379 +2%
        2004-- $700,373 +1.9%
        2003-- $687,537 +2%
        2002-- $674,057 +2%
        2001-- $660,841
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Midtown

        Getting around

        61 / 100
        Somewhat Walkable
        44 / 100
        Some Transit
        94 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: ElCarmeloElementary
        • Middle: JaneLathropStanfordMiddle
        • High: PaloAltoHigh
        • District: PaloAltoUnified

        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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