SOLD 09/16/2020
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Home sold for $8,280,000 in 137 days
1039 University Ave Palo Alto, CA, 94301
Off the market 5 beds 4 full + 1 half baths 5,617 sqft
DRAMATIC PRICE REDUCTION. Originally $15.5, this amazing new price is well below replacement costs and comps. Large lot and house, turnkey quality, and close proximity to downtown. The lot is 20,000 sq ft. The home has nearly 6,000 sq ft. Construction took four years, with completion in 2004. The result reflects a seamless blend of technology and stunning design elements. Lutron lighting, radiant heat throughout, and a disappearing wall of glass in the great room are a few of the features highlighting the contemporary feel. The award-winning grounds are enhanced by a stunning swimming pool and outdoor kitchen, dramatic water features, and an exquisite secret garden. The unexpectedly quiet location is due to an engineered front wall, sound resistant insulation and custom Bend River windows. 1039 University offers a rare opportunity for the buyer looking for a state of the art home on a large lot located a mere five blocks from the vibrancy of downtown Palo Alto.
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Property details
5,617 sqft interior area
Property type
Home
Interior area
5,617 sqft
Land area
19,998 sqft (0.46 acres)
Price per sqft
$1,474/sqft
Address
1039 University Ave, Palo Alto, CA, 94301
City of California
Palo Alto
County
Santa Clara
Sold price
$8,280,000
nr.of parking places
2
Year Built
2003
District
All Other Counties/states
Virtual Tour
Open Houses
No upcoming open houses
Interior Features
2 parking places, Hardwood Floors, Stone (Marble, Slate, etc.), Tile floors
Beds
5
Baths
4 full + 1 half
Floors
Hardwood Floors, Stone (Marble, Slate, etc.), Tile
Parking
2
Garage & Parking
Attached Garage
# of fireplaces
3
Fireplaces
Family Room,Gas Burning,Living Room,Master Bedroom,Woodburning
Heathing & Cooling
Radiant
Kitchen features
Breakfast Bar, Counter - Stone, Dishwasher, Eat In Kitchen, Microwave, Pantry, Trash Compactor
Other rooms
Family Room, Formal Dining Room, Storage
Appliances
Dishwasher, Microwave, Trash Compactor
Listed by
Don Yarkin, Yarkin Realty
Name
Don Yarkin
License number
00673086
Brokerage company
Yarkin Realty
MLS #
ML81791081
Buyer agent
Name
Linda Xu
Brokerage company
Parc Agency Corporation
Payment calculator
Calculate your monthly payments
Mortgage
$25,422
Taxes
$0
HOA dues
$0
Mortgage
$1,656,000 / 20%
2.28%
30 years
Your amount
$25,422 / month
Exterior Features
Other, Tile roof and more
Roof
Other, Tile
Pool
Yes
Lot details
TMK #00305006
Parcel nr.
00305006
94301 info
Essentials nearby
Neighborhood stats
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in 94301
51%
Families with children
National average: 39%
32%
Non family households
191,618
Population
$224,823
Average Income
Age & gender
Median age 39 years
More info
Commute types
72% commute by car
More info
Education level
35% have professional education
More info
Number of employees
4% work in management
More info
Vehicles available
39% have 2 vehicle
More info
Vehicles by gender
39% have 2 vehicle
More info
Housing market insights for
$2.9m
Neighborhood average
sales price*
sales price*
$2.57m
Neighborhood median
sales price*
sales price*
280
Number
of sales*
of sales*
Housing type
61% are single detacheds
More info
Rooms
33% of the houses have 4 or 5 rooms
More info
Bedrooms
53% have 2 or 3 bedrooms
More info
Owners vs Renters
56% are owners
More info
ADU Accessory Dwelling Unit
Description
Well equipment
Baths
1 full
Kitchen
Yes
Schools
15 schools with rating up to 9
| School rating | Distance | |
|---|---|---|
|
St. Elizabeth Seton
1095 Channing Avenue,
Palo Alto, CA 94301
Elementary School |
0.614mi | |
|
St. Elizabeth Seton
1095 Channing Avenue,
Palo Alto, CA 94301
Middle School |
0.614mi | |
|
Castilleja School
1310 Bryant Street,
Palo Alto, CA 94301
High School |
1.105mi | |
| School rating | Distance | |
|---|---|---|
|
St. Elizabeth Seton
1095 Channing Avenue,
Palo Alto, CA 94301
|
0.614mi | |
| out of 10 |
Addison Elementary School
650 Addison Avenue,
Palo Alto, CA 94301
|
0.657mi |
|
Tru
1295 Middlefield Rd,
Palo Alto, CA 94301
|
0.782mi | |
| out of 10 |
Walter Hays Elementary School
1525 Middlefield Road,
Palo Alto, CA 94301
|
1.01mi |
|
AltSchool Palo Alto
930 Emerson Street,
Palo Alto, CA 94301
|
1.021mi | |
| School rating | Distance | |
|---|---|---|
|
St. Elizabeth Seton
1095 Channing Avenue,
Palo Alto, CA 94301
|
0.614mi | |
|
AltSchool Palo Alto
930 Emerson Street,
Palo Alto, CA 94301
|
1.021mi | |
|
Castilleja School
1310 Bryant Street,
Palo Alto, CA 94301
|
1.105mi | |
| out of 10 |
David Starr Jordan Middle School
750 North California Avenue,
Palo Alto, CA 94303
|
1.536mi |
|
Fusion Academy Palo Alto
2191 East Bayshore Road,
Palo Alto, CA 94303
|
1.612mi | |
| School rating | Distance | |
|---|---|---|
|
Castilleja School
1310 Bryant Street,
Palo Alto, CA 94301
|
1.105mi | |
| out of 10 |
Palo Alto High School
50 Embarcadero Road,
Palo Alto, CA 94301
|
1.225mi |
|
Fusion Academy Palo Alto
2191 East Bayshore Road,
Palo Alto, CA 94303
|
1.612mi | |
|
Living Wisdom School Of Palo Alto
456 College Avenue,
Palo Alto, CA 94306
|
1.983mi | |
|
Bear Hollow School
3790 El Camino Real,
Palo Alto, CA 94306
|
2.851mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Sep 16, 2020
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Sep 16, 2020 | Sold | $8,280,000 | 1474.1 | Public Record |
| Sep 16, 2020 | Price Decrease | $8,280,000 -17.16% | 1474.1 | MLS #ML81791081 |
| Sep 16, 2020 | Pending | $9,995,000 | 1779.42 | MLS #ML81791081 |
| Jun 10, 2020 | Price Decrease | $9,995,000 -4.81% | 1779.42 | MLS #ML81791081 |
| May 31, 2020 | Price Decrease | $10,500,000 -11.02% | 1869.33 | MLS #ML81791081 |
| May 3, 2020 | New Listing | $11,800,000 | 2100.77 | MLS #ML81791081 |
| Jun 22, 2020 | Unavailable | $11,800,000 | 2100.77 | MLS #ML81738043 |
| Feb 14, 2020 | Price Decrease | $11,800,000 -5.6% | 2100.77 | MLS #ML81738043 |
| Nov 5, 2019 | For sale | $12,500,000 | 2225.39 | MLS #ML81738043 |
| Sep 18, 2019 | Unavailable | $12,500,000 | 2225.39 | MLS #ML81738043 |
| Sep 16, 2019 | For sale | $12,500,000 | 2225.39 | MLS #ML81738043 |
| Sep 10, 2019 | Price Decrease | $12,500,000 -7.41% | 2225.39 | MLS #ML81738043 |
| Jun 5, 2019 | Price Decrease | $13,500,000 -5.26% | 2403.42 | MLS #ML81738043 |
| May 2, 2019 | Price Decrease | $14,250,000 -8.06% | 2536.94 | MLS #ML81738043 |
| Feb 7, 2019 | New Listing | $15,500,000 | 2759.48 | MLS #ML81738043 |
Taxes of 1039 University Ave, Palo Alto, CA, 94301
R192 zoning / MLS #ML81791081
Zoning
R192
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Frequently Asked Questions about 1039 University Ave
What is 1039 University Ave?
1039 University Ave, Palo Alto, CA, 94301 is a single family home located in the city of Palo Alto, California with zipcode 94301. This single family home has 5 bedrooms & 4 full bathrooms + & 1 half bathroom with an interior area of 5,617 sqft.
Which year was this home built?
This home was build in 2003.
Which year was this property last sold?
This property was sold in 2020.
What is the full address of this Home?
1039 University Ave, Palo Alto, CA, 94301.
Are grocery stores nearby?
The closest grocery stores are The Willows Market, 0.57 miles away and El Rancho Supermarket, 0.74 miles away.
What is the neighborhood like?
The 94301 zip area has a population of 191,618, and 51% of the families have children. The median age is 39 years and 72% commute by car. The most popular housing type is "single detached" and 56% is owner.
Based on information from the bridgeMLS as of 04-20-2024. 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. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Sep 18, 2020
Verhouse Last checked 1 year ago
The closest grocery stores are The Willows Market, 0.57 miles away and El Rancho Supermarket, 0.74 miles away.
The 94301 zip area has a population of 191,618, and 51% of the families have children. The median age is 39 years and 72% commute by car. The most popular housing type is "single detached" and 56% is owner.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
