Town Square

Post a New Topic

At $19.5M, historic 1916 English manor in Palo Alto sees highest Peninsula home sale for the week of May 29

Original post made on Jun 5, 2023

Want to know what's happening in the local real estate market? Take a look at our interactive charts showing home sales activity in communities along the Midpeninsula for the week of May 29.

Read the full story here Web Link posted Friday, June 2, 2023, 9:35 AM

Comments (6)

Posted by Online Name
a resident of Embarcadero Oaks/Leland
on Jun 5, 2023 at 6:20 am

Online Name is a registered user.

Too bad there was no link to see the 1916 English manor.

Posted by Donna Whitcomb
a resident of Community Center
on Jun 5, 2023 at 8:29 am

Donna Whitcomb is a registered user.

Yikes. Property taxes will be close to $200K a year.

Curious what the figure would be under a Prop 13 umbrella.

Posted by lindat
a resident of Mayfield
on Jun 5, 2023 at 8:51 am

lindat is a registered user.

If you click on the underlined words in the green box "historic English manor," it will link to this site, which has photos and a history of the home: Web Link


Posted by Online Name
a resident of Embarcadero Oaks/Leland
on Jun 5, 2023 at 9:40 am

Online Name is a registered user.

Thanks. So tired of seeing historic houses painted all white all the time.

Posted by Resident 1-Adobe Meadows
a resident of Adobe-Meadow
on Jun 5, 2023 at 10:46 am

Resident 1-Adobe Meadows is a registered user.

Prop 13 fixes the property tax at the last sales price for the property. That is a legal amount relative to the mortgage and other costs associated with the property. It goes up 2% a year. People appear confused concerning Prop 13.

Houses in South PA are turning over now with new two story homes replacing the existing one story homes. The sales prices on the new homes is $2M+ and up ward. The city is doing very well on the turn over of homes.

The problem is in the commercial properties and rental residential properties - condos and apartments which increase the lease rates but the property itself does not turn over. All of those empty buildings on West Bayshore are not generating any income but they were bought ages ago so the property tax is relatively low.

Posted by Online Name
a resident of Embarcadero Oaks/Leland
on Jun 5, 2023 at 12:57 pm

Online Name is a registered user.

"Does Palo Alto have a City transfer tax?
In Santa Clara County, it is customary for sellers to pay for the county tax ($1.10 per $1,000). Typically buyers and sellers split city transfer tax 50/50. Mountain View, Palo Alto, and San Jose all charge an additional city transfer tax of $3.30 per $1,000.Apr 17, 2021"

From 2021 and I thought I'd read that the city wanted to raise its transfer tax even more. Obviously it takes so much more effort to executive a $2M transfer as a $5M or $10M transfer.

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Sorry, but further commenting on this topic has been closed.

Stay informed.

Get the day's top headlines from Palo Alto Online sent to your inbox in the Express newsletter.

California must do a better job spending cap-and-trade revenue
By Sherry Listgarten | 2 comments | 2,162 views

Got the Munchies at Hardly Strictly? Your Weekend Guide.
By Laura Stec | 2 comments | 1,691 views