Fabulous opportunity to build your dream home on a pretty, tree-lined, transitioning street in the highly sought after Midtown Palo Alto neighborhood. Originally 3BR/1BA, a large family/great room was added, and the garage has been converted to a 4th bedroom and bath with a separate entry. Most windows, roof, and drain line have been replaced (dates unknown) but there is significant deferred maintenance. Close to Stanford and Midtown Shopping Centers, parks, restaurants, library, and centrally located to numerous electronic companies, major thoroughfares, Caltrain and downtown. Rare opportunity in this great location. (Note, lot size varies depending on source. Buyer to confirm actual lot size.)
Sold for $3,110,000
Street View
Tax assessed value
$3,110,000
848 Clara Dr, Palo Alto, CA 94303
4beds
1,672sqft
Single Family Residence, Residential
Built in 1953
6,360 Square Feet Lot
$3,313,100 Zestimate®
$1,860/sqft
$7,605 Estimated rent
Home value
$3,313,100
$3.01M - $3.64M
$7,605/mo
Zestimate® history
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$19,995/mo
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Zillow last checked:
Listing updated:
Listed by:
Lynne Mercer, CRS 00796211 650-906-0162,
Compass 650-323-1111
Bought with:
Bin Zhou, 01984918
Open Realty
Source: MLSListings Inc,MLS#: ML81979264
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Laundry
Bathroom
- Features: ShoweroverTub1, StallShower
Dining room
- Features: DiningArea
Family room
- Features: SeparateFamilyRoom
Kitchen
- Features: Countertop_Tile
Heating
- Baseboard, Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Gas Oven/Range, Refrigerator, Dryer, Washer
Features
- Flooring: Concrete, Hardwood, Vinyl Linoleum
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 1,672
- Total interior livable area: 1,672 sqft
Property
Parking
- Total spaces: 2
- Parking features: No Garage, Off Street, On Street
Features
- Stories: 1
Lot
- Size: 6,360 Square Feet
Details
- Parcel number: 12726145
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Gas: PublicUtilities
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $1,860/sqft
- Tax assessed value: $3,110,000
- Annual tax amount: $47,519
- Date on market: 9/11/2024
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2024 | Sold | $3,110,000+11.3%$1,860/sqft |
Source:  MLSListings Inc #ML81979264 Report a problem | ||
| 9/20/2024 | Pending sale | $2,795,000$1,672/sqft |
Source: MLSListings Inc #ML81979264 Report a problem | ||
| 9/11/2024 | Listed for sale | $2,795,000$1,672/sqft |
Source: MLSListings Inc #ML81979264 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $47,519 +1129.3% | $3,110,000 +857% |
| 2024 | $3,865 +1.5% | $324,958 +2% |
| 2023 | $3,807 +1.2% | $318,588 +2% |
| 2022 | $3,760 +2.1% | $312,342 +2% |
| 2021 | $3,684 +2.2% | $306,218 +1% |
| 2020 | $3,606 | $303,080 +2% |
| 2019 | $3,606 +3.6% | $297,138 +2% |
| 2018 | $3,479 | $291,312 +2% |
| 2017 | $3,479 +1.8% | $285,600 +2% |
| 2016 | $3,417 +4.1% | $280,000 +1.5% |
| 2015 | $3,282 +1.6% | $275,796 +2% |
| 2014 | $3,231 | $270,394 +0.5% |
| 2013 | -- | $269,172 +2% |
| 2012 | -- | $263,896 +2% |
| 2011 | -- | $258,722 +0.8% |
| 2010 | -- | $256,790 -0.2% |
| 2009 | -- | $257,402 +2% |
| 2008 | -- | $252,356 +2% |
| 2007 | -- | $247,408 +2% |
| 2006 | -- | $242,558 +2% |
| 2005 | -- | $237,802 +2% |
| 2004 | -- | $233,140 +1.9% |
| 2003 | -- | $228,868 +2% |
| 2002 | -- | $224,382 +2% |
| 2001 | -- | $219,984 |
Find assessor info on the county website
Neighborhood: Midtown
Nearby homes
- $3,679,9004 bd3 ba1.7k sqft854 Clara Dr, Palo Alto, CA 94303Off Market
- $3,686,3005 bd3 ba2k sqft842 Clara Dr, Palo Alto, CA 94303Off Market
- $3,752,5004 bd3 ba2.2k sqft860 Clara Dr, Palo Alto, CA 94303Off Market
- $2,935,2002 bd2 ba1.3k sqft836 Clara Dr, Palo Alto, CA 94303Off Market
- $3,507,7003 bd2 ba1.5k sqft849 Wintergreen Way, Palo Alto, CA 94303Off Market
- $4,702,1005 bd4 ba3.3k sqft849 Clara Dr, Palo Alto, CA 94303Off Market
- $3,872,3003 bd2 ba1.5k sqft3112 David Ave, Palo Alto, CA 94303Off Market
- $2,670,6003 bd2 ba1.1k sqft866 Clara Dr, Palo Alto, CA 94303Off Market
Nearby schools
GreatSchools rating
- 8/10Palo Verde Elementary SchoolGrades: K-5Distance: 0.5 mi
- 10/10Jane Lathrop Stanford Middle SchoolGrades: 6-8Distance: 0.9 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- 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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Estimated market value
$3,313,100
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
$3,313,100
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