1/8 mile south of Page Mill Road just off the El Camino Real. Located at Ventura area close to Stanford University and Palo Alto High School. Good Silicon Valley location. The complex consists of two-2 bedroom units and two-1 bedroom units. Great income producer. Do you have a college student? This property can also house your child who attends the university plus receive rental income to help with any operational costs of ownership. Own in one of the very best cities in Silicon Valley. Currently, the complex is fully occupied with long term occupants. Make this complex your next investment.
Property Details
Property Features
Property Information:
Year Built: 1950
Stories: 2
Living Area: 3,044 SqFt
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (408) 355-1500
Listing Agent: Ted La Scola
Interior Features
Interior Information:
Appliances: Refrigerator
Exterior Features
Parking Information:
Parking: Uncovered, Workshop in Garage
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.11 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
School Info
Assigned Schools Information:
Henry M. Gunn High School, Public District Grades 9-12
Terman Middle School, Public District Grades 6-8
Barron Park Elementary School, Public District Grades KG-5
Herbert Hoover Elementary School, Public District Grades KG-5
Ohlone Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: From Page Mill Rd, go south about 1/8 mile to Margarita Ave and turn left to subject property. Cross Street: El Camino Real
Price Information
Listing Price Info
Price Summary:
List Price: $2,550,000
Price Per SqFt: $838/SqFt
Tax Information:
Annual Amount: $2,327
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Palo Alto, CA.
This property is $626.6K less than the Median Sold Price and $891/SqFt less than other homes in Palo Alto, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #ML81969277
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (408) 355-1500
Listing Agent: Ted La Scola
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 9/7/2024, 8:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,327
$123,314
2020
$2,326
$122,051
2019
$2,250
$119,659
2018
$2,251
$117,313
2017
$2,208
$115,014
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$12.7K
Per Month
Principal & Interest
$12.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$7,712
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Barron Park Elementary School
800 Barron Ave
Distance between this listing and this school0.49 miles
Public District Grades KG-5
9
/10
Herbert Hoover Elementary School
445 E Charleston Rd
Distance between this listing and this school1.13 miles
Public District Grades KG-5
9
/10
Ohlone Elementary School
950 Amarillo Ave
Distance between this listing and this school1.47 miles
Public District Grades KG-5
Middle School
8
/10
Terman Middle School
655 Arastradero Rd
Distance between this listing and this school1.28 miles
Public District Grades 6-8
High School
9
/10
Henry M. Gunn High School
780 Arastradero Rd
Distance between this listing and this school1.32 miles
Public District Grades 9-12
Assigned Schools
7
/10
Barron Park Elementary School
800 Barron Ave
Distance between this listing and this school0.49 miles
Public District Grades KG-5
9
/10
Herbert Hoover Elementary School
445 E Charleston Rd
Distance between this listing and this school1.13 miles
Public District Grades KG-5
9
/10
Ohlone Elementary School
950 Amarillo Ave
Distance between this listing and this school1.47 miles
Public District Grades KG-5
Assigned Schools
8
/10
Terman Middle School
655 Arastradero Rd
Distance between this listing and this school1.28 miles
Public District Grades 6-8
Nearby Schools
8
/10
Jane Lathrop Stanford Middle School
480 E Meadow Dr
Distance between this listing and this school0.97 miles
Public District Grades 6-8
8
/10
David Starr Jordan Middle School
750 N California Ave
Distance between this listing and this school1.29 miles
Public District Grades 6-8
Assigned Schools
9
/10
Henry M. Gunn High School
780 Arastradero Rd
Distance between this listing and this school1.32 miles
Public District Grades 9-12
Nearby Schools
9
/10
Palo Alto High School
50 Embarcadero Rd
Distance between this listing and this school1.70 miles
Public District Grades 9-12
9
/10
Los Altos High School
201 Almond Ave
Distance between this listing and this school2.69 miles
The neighbors living near this home have an average income of $82,181. Typical income of Palo Alto, CA residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 474 Margarita Ave in Palo Alto, CA and zip code 94306 in the Ventura neighborhood. This 3,044 square foot home, which was built in 1950, sits on a 0.11 acre lot. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $2,550,000.
In August 2024 more than 13 listings in Palo Alto, CA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 11 were sold below. The inventory of homes for sale in Palo Alto, CA between July 2024 and August 2024 increased by 28.9%. In August 2024, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $3,176,666.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Hiking/backpacking
Hiking/backpacking
Live Theatre
Tennis
Bloomingdales
Crate & Barrel
Nordstrom Rack
Starbucks
Boston Market
The Cheesecake Factory
Audi
Mercedes
BMW
Alternative
News