135 Heather Lane
PREPARED FOR LARRY & STEPHANIE
Daniel Assadi | The Oldham Group
OVERVIEW
Palo Alto, known as the "Birthplace of Silicon Valley," is situated in the heart of the San Francisco Bay Area, approximately 35 miles south of San Francisco and 14 miles north of San Jose. This vibrant city offers a unique blend of cutting-edge technology, academic excellence, and natural beauty. One of Palo Alto's main attractions is Stanford University, a world-renowned institution that contributes significantly to the city's intellectual and cultural atmosphere. Downtown Palo Alto boasts a lively mix of upscale boutiques, diverse restaurants, and tech startups, where visitors can explore the innovative spirit of Silicon Valley. For outdoor enthusiasts, the Baylands Nature Preserve provides 1,940 acres of marshland habitat for hiking and birdwatching, while Foothills Park offers scenic trails and picnic areas. Art lovers will appreciate the Cantor Arts Center and Anderson Collection at Stanford University, featuring impressive collections of classical and contemporary art. The city is home to numerous tech giants and startups, making it a hub for innovation and entrepreneurship. Palo Alto is famous for its excellent schools, consistently ranking among the top in the nation, and hosts various cultural events throughout the year, including the Palo Alto Festival of the Arts. The city's Mediterranean climate makes it ideal for year-round outdoor activities and al fresco dining. With its central location, world-class amenities, and strong focus on education and innovation, Palo Alto offers a high quality of life for residents and a fascinating experience for visitors, whether they're seeking cultural enrichment, technological insights, outdoor recreation, or culinary adventures. The city is also known for its environmentally conscious initiatives, with numerous parks, bike lanes, and sustainable practices. Palo Alto's rich history is evident in its wellpreserved historic districts, such as Professorville, showcasing beautiful examples of early 20thcentury architecture. For those interested in technology, the Computer History Museum in nearby Mountain View provides fascinating insights into the evolution of computing. Additionally, Palo Alto's proximity to both San Francisco and San Jose means residents can easily enjoy day trips to these major metropolitan areas or explore the nearby Santa Cruz Mountains and Pacific coastline.
OLDHAM GROUP
BUYER PROFILES
Reaching the right audience for your property at the right time, and with the perfect messaging.
Tech Professionals: Palo Alto attracts high-level tech professionals and executives due to its proximity to major Silicon Valley companies and startups. These buyers often seek luxury single-family homes with modern amenities, smart home features, and dedicated home office spaces to accommodate their work-from-home needs.
Highly Educated Families: Families with advanced degrees are drawn to Palo Alto for its excellent public schools, which consistently rank among the best in California. They typically look for spacious homes in safe, family-friendly neighborhoods near top-rated schools like Gunn High School or Palo Alto High School.
Stanford University Affiliates: Faculty, researchers, and graduate students associated with Stanford University often choose to live in Palo Alto. They may prefer homes within walking or biking distance to campus, valuing the intellectual atmosphere and the convenience of proximity to their workplace or study environment.
Affluent Empty Nesters: Wealthy empty nesters who want to downsize but remain in a vibrant, intellectually stimulating community are attracted to Palo Alto. They typically look for luxury condos or smaller, high-end homes in walkable areas near downtown amenities and cultural attractions.
International Buyers: Palo Alto's global reputation attracts international buyers, particularly those in the tech industry or seeking world-class education for their children. These buyers often seek turnkey properties or new construction homes that offer modern luxury and convenience. 01 02 03 04 05
Palo Alto's real estate market caters to a diverse, affluent clientele. Tech professionals seek luxury homes with modern amenities, while highly educated families are drawn to top-ranked schools. Stanford University affiliates prefer properties near campus, and wealthy empty nesters look for upscale, low-maintenance living. The city's global reputation also attracts international buyers seeking prestigious properties in Silicon Valley's innovation hub.
ABOUT OUR TEAM
their career, Andrew and Jennifer lead a team that has substantially increased its business year over year while covering the expansive Silicon Valley, San Francisco Peninsula, and Monterey Peninsula real estate market. Because their agents have been selected based on their hyper-local expertise, they confidently represent a vast coverage area with indepth knowledge - across Monterey Peninsula, Silicon Valley, and San Francisco Peninsula. With over 85 years of combined real estate expertise in marketing, law, title, design, and escrow, they provide their clients talents and expertise unparalleled in the California market. Combining their knowledge and experience with their love and passion for residential real estate, local expertise, exceptional marketing, personal service and the backing of the nation’s best luxury brokerage, Compass, they will prove to you the Oldham Group difference.
Closed Volume in 2023
Over 220
Closed Volume in 2023
#37
Teams in the Nation
#11
Teams in California
#14
Upload Final Files and Working Files to WorkfrontTop 100 producing agents or teams in the
DANIEL ASSADI
SILICON VALLEY SPECIALIST
A first generation Irani-American, Daniel is a dog loving, sports fan who spends his free time in downtown Los Gatos with his girlfriend and their pup, Prince. Guiding his clients through the real estate journey, and being their trusted and valued friend through the process is one of his favorite parts about being a Realtor. Proud workaholic, He goes above and beyond for his clients and his team. His entrepreneurial and competitive spirit make him an asset to the Oldham Group, and all of his clients.
Jennifer Oldham
Team Leader
Jennifer is a high-performing real estate professional, who is not only an experienced realtor and loan officer, but also a skilled negotiator and a real estate paralegal. What sets Jennifer apart is her ability to listen to her clients’ needs and use her indepth knowledge of the real estate market to negotiate the best deal to exceed the clients’ expectations. With more than two decades of experience working for residential real estate, title, escrow, and specializing in high net worth clients. Jennifer knows exactly what it takes to buy or sell a home. This is one of the reasons why she has been an award-winning Realtor since 2000. When working with clients, Jennifer first learns about what the client wants, then clearly explains the process, sets goals, and works hard to accomplish the best result. Jennifer has built the team on three simple principles: 1. Be Kind, 2. Be Professional, 3. Be an Expert. Jennifer ensures each one of the Oldham Group Team members exemplifies this mantra without exception. Jennifer started in real estate 20 plus years ago in the Bay Area, and never quit.
Realtor®
408.835.4119
jennifer@compass.com
DRE 01325650
She loves seeing great families find the right home, and wonderful agents expand their real estate acumen and experience. An adrenaline junkie, Jennifer has sought out and excelled at every possible extreme sport, from racing dirt bikes to competitive boxing, ice skating to skydiving, she has done it all. Her motto “Don’t eff it up!” pretty much sums up Jenn’s leadership style. Funny and full of love, this bad ass hugger makes long lasting connections with her clients and team members alike.
Andrew Oldham
Team Leader / Attorney
Originally a real estate lawyer, Andrew’s 40 years of real estate experience makes him uniquely able to tackle any real estate problem. From legal expertise, to escrow and title specifics, to brokerage, Andrew has done it all and he loves doing it, for his clients and his team. Before starting the Oldham Group, Andrew had a long career as a real estate litigator, and real estate entrepreneur.
After passing the bar, his real estate law career took off and he spent years in escrow litigation as a freelancer and salaried lawyer. In the nineties, Andrew founded a real estate company called eHome. eHome took advantage of burgeoning internet technology, and found a home for real estate there. They raised 30 million in capital and were the first to make the MLS searchable for clients, not just agents, and expanded to three states.
When he’s not assisting clients and agents, or working with Compass to help them improve their tools and resources, Andrew loves walking Asilomar beach with his wife and business partner, Jennifer and their adorable Boston, Abby. Andrew prides himself on being a kind, and loving person first and foremost, and second (but just barely) an excellent real estate professional.
Daniel Assadi
Realtor® | DRE# 02052607
danielassadi@compasscom 4087754444 Jennifer Oldham DRE 01325650 jennifer@compasscom 4088354119
Palo Alto, CA 94303
ADDRESS SUBJECT
135 Heather Ln, Palo Alto, CA 94303
993 Embarcadero Rd, Palo Alto, CA 94303
26 Erstwild Ct, Palo Alto, CA 94303
640 Rhodes Dr, Palo Alto, CA 94303
ADDRESS SUBJECT
135 Heather Ln, Palo Alto, CA 94303
993 Embarcadero Rd, Palo Alto, CA 94303
26 Erstwild Ct, Palo Alto, CA 94303
640 Rhodes Dr, Palo Alto, CA 94303
CONTRACT DATE - May 29, 2024 Feb 22, 2024 Jul 18, 2024
ADDRESS SUBJECT
Heather Ln, Palo Alto, CA 94303
Arcadia Pl, Palo Alto, CA 94303
ADDRESS SUBJECT
135 Heather Ln, Palo Alto, CA 94303
1471 Arcadia Pl, Palo Alto, CA 94303
CONTRACT DATE - Apr 29, 2003
SOLD DATE - -
Comparable property #1
Palo Alto, CA 94303 993 Embarcadero Rd Bedrooms 4 Baths 2 Square Feet 2,208 HOA FeesYear Built 2016
Listing description
THIS IS AN EXCEPTIONAL,CUSTOM MODERN FARMHOUSE Built by AWARD WINNING Allwood Construction, UNPARALLELED QUALITY throughout with Meticulous Attention to Details and boasting LUXURY BRANDS AND THE BEST MATERIALS, including: Grand living spaces with vaulted ceilings, large light filled dining with Nano wall an abundance of extra large windows seamlessly integrating indoors/outdoor living spaces Chef's kitchen with Wolf, Sub zero and Asko appliances and a walk in pantry, 4 bedrooms all with vaulted ceilings and closest systems, 2 gorgeously appointed bathrooms, PLUS Office and a bonus room that can be used as a media room, play room or great 2nd office. Other highlights include: finished garage with windows and storage, laundry room, mud room, custom built in cabinetry throughout providing an abundance of storage, integrated sound system throughout, Tesla charger, large deck with built in firepit, premium outdoor gas grill and ample outdoor entertaining space, with gorgeous landscaped yard with blooming flowers and a beautifully maintained heritage oak EXCEPTIONAL TOP QUALITY
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TRANSACTION INFORMATION
Original Listing Price $3,995,000 Last Asking Price $3,995,000
Closing Price $3,900,000 PPSF $1,766
Listed Date Apr 25, 2024
Contract Date May 29, 2024
Sold Date Jun 12, 2024
DOM - Days on Market 34
Palo Alto, CA 94303
993 Embarcadero Rd
Listing description (continued)
CONSTRUCTION, and REMARKABLE DESIGN BY ALLURE ARCHITECTURE
Listed Date Apr 25, 2024
Contract Date May 29, 2024
Sold Date Jun 12, 2024
Comparable property #1
Comparable property #2
Palo Alto, CA 94303
Listing description
Situated on a quiet cul-de-sac in prime Green Gables lies this remodeled ranch home with 3 bedrooms & 2 baths in nearly 2,000 sq. ft. all sitting on a freshly landscaped 6,865 sq. ft. lot. Large gathering spaces include the expansive family room with built-in cabinetry, fireplace & wall of windows, as well as the formal living room with skylight. The spacious kitchen features a custom island with built-in dining table, plentiful cabinet space, undercabinet lighting, new cooktop & 4 pantry closets. At the rear is the primary suite with en-suite bath & door to the backyard. 2 more bedrooms, a hall bath & indoor laundry round out the home. The 2-car garage is newly finished with recessed lighting, epoxy floor & outlet for electric car charging Children attend top-performing Duveneck Elementary, Greene Middle & Palo Alto High Close to Rinconada pool, tennis courts, library, community center, theater, garden & more Mere minutes to 101, Stanford & University Ave, this home is perfectly situated to enjoy the Palo Alto lifestyle
$3,698,000
$3,698,000
$4,350,000 PPSF $2,232
Listed Date Feb 14, 2024
Contract Date Feb 22, 2024
Sold Date Mar 15, 2024
Comparable property #2
Comparable property #3
Palo Alto, CA 94303
Listing description
Spacious interiors and an exceptional location define this inviting 5bedroom home. The beautifully landscaped front yard enhances its curb appeal, while nearly 2,200 sf of space features parquet hardwood floors and a light-filled floorplan thoughtfully designed for modern living. Enjoy generous gathering spaces, a cozy fireplace, the chef's kitchen, and comfortable bedrooms providing plenty of room for family and guests. Entertainment options abound outside on flourishing grounds with an outdoor kitchen and a wide variety of fruit trees. You will also enjoy air conditioning, ample storage, and an attached garage. Find yourself within walking distance of both Rinconada Park and Eleanor Pardee Park, a quick drive from vibrant University Avenue, and easily accessible to both Caltrain and US-101 Additionally, children may attend acclaimed schools such as Duveneck Elementary, which is just around the corner, as well as Greene Middle, and Palo Alto High (buyer to verify eligibility)
$2,018
Listed Date Jul 10, 2024
Contract Date Jul 18, 2024 Sold Date Aug 08, 2024
Comparable property #3
Comparable property #4
Palo Alto, CA 94303 1471 Arcadia Pl
Listing description
This is the rare 10,000 SF, large, flat, nicely shaped (almost square), quiet, 1level single family home with great location in one of the best neighborhoods in Palo Alto - Crescent Park you have been waiting for There are 11 homes on this quiet cul-de-sac, all with large lots around 10K SF or more What's also remarkable about this home is that the lot has enormous frontage, around 100 feet wide, which makes it possible to rebuild a truly grand looking house with great curb appeal. Many lots are only 50 feet wide, and this one is twice the size! There's no through traffic. The magnificent redwood tree is located at the far corner of the lot, well within the setback zone between the house and the street, maximizing the buildable area. The existing 2,419 SF, 4 bed 3 bath house has a great floorplan and is highly livable, with granite counters, solid hardwood flooring, new interior paint, giving you time to get a permit to build a dream house! Or you can rent it out first and get additional rent from the back unit that has its own entrance and kitchen. Great schools: Duveneck, Frank
Continued on next page
Comparable property #4
Palo Alto, CA 94303
1471 Arcadia Pl
Listing description (continued)
Green, Palo Alto High (buyers to verify enrollment) Close to Stanford, PA downtown, top companies ie Meta Facebook, Google, easy access to 101 Great asset to hold and pass down for generations!
29, 2003
Price estimate for 135 Heather Lane
Price to be Determined
Sold listing average (3)
$4,216,667
$1,996 Per Sq Ft 17 Days on Market
* This represents an estimated sale price for this property. It's not the same as opinion of value in appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal practice. The information contained herein is derived from the local MLS and does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. Changes in price, condition, sale, or withdrawal may be made without notice. All measurements and square footage are approximate. Equal Housing Opportunity. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This is not intended to solicit property already listed. Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467.
THE SELLING PROCESS
THE SELLING PROCESS
01 02 03 04 05
Let’s Talk Setting the Stage Going Live
Spreading the Word
Making Connections
01
Let’s Talk
Meet with your Compass agent to discuss your plans and goals, trends in the current marketplace, and assess your property’s qualities and characteristics. Your Compass agent will analyze comparable property sales, assess the competition, work with youto determine pricing strategy, and outline a strategic plan to achieve the best possible result for you as a seller.
02 Setting the Stage
03 Going Live
The listing is broadc Compasscom and s across our 100+ part for the duration of th process
From applying a fresh coat of paint to rearranging furniture, your Compass agent will ensure that the property is visually ready for showing Your agent will schedule a professional photo shoot, commission an illustrative floor plan, and prepare a listing description At this time, you should also sit down with your agent and complete the Seller Disclosure documents that will be necessary for the transaction.
04
Spreading the Word
The Compass marketing team produces beautiful print collateral to strategically showcase your property Your agent develops and executes an intelligent, effective paid marketing plan in relevant publications. Eyecatching property signs are produced and placed outside your property.
06 Building a Strategy
Your agent conducts an assessment of the market response within the first 30 days of your listing going live Feedback from agents and buyers is aggregated, and the listing strategy revised if needed
07 Communictation
You and your Compass agent will establish the best method and frequency of communicating as the process unfolds Your agent will provide you with regular feedback and will keep you updated with continuous traffic metrics and information from the market
08 Negotiations
Once we receive an offer, your agent will contact you to review the terms of the offer and analyze the pros and cons Together you will decide how to respond to the buyer in one of several ways: by accepting the offer, rejecting the offer, or making a counter offer.
09 Escrow
e a contract has been agreed to and ed by all parties, an escrow will be ned and the buyer’s contingency period begin. Timelines for the completion of er and seller responsibilities will be listed e purchase contract and adhered to in escrow. Your Compass agent will keep a e eye on the timelines and ensure that are in compliance with your onsibilities, while also holding the er ’ s side to task to keep the process moving
10 Closing
Your Compass agent will monitor and coordinate all the details necessary to get you to the finish line Once the buyer has performed their inspections, removed their contingencies, and the loan (if any) is ready to fund, your agent will arrange the final walk-through At or near this time the escrow will close, payment will be made, and the keys will be handed over to the buyer
KEY TERMS
Appraisal
Assessment of the property’s market value, for the purpose of obtaining a mortgage and performed by a licensed appraiser.
Assessed Value
Value placed upon property for property tax purposes by the Tax Collector.
Closing Costs
Expenses incidental to a sale of real estate, such as loan fees, appraisal fees, title insurance and escrow fees.
Closing Statement
The statement which lists the financial settlement between Buyer and Seller, and the costs each must pay.
Contingency
Certain criteria that have to be met in order to finalize the sale.
Conventional Mortgage
A mortgage or Deed of Trust not obtained under a government insured program such as FHA or VA Credit
Money given to a buyer from a seller through escrow at closing.
Escrow
A neutral third party that handles the transfer of any money during the sale of a home from initial deposit to final funding and closing
Earnest Money Deposit
Buyers in California usually deposit 3% of the purchase price to show that the buyer is serious about purchasing the home. It is usually refundable in the event a contingency in the sales contract cannot be met.
Fixed Rate Mortgage
A loan on which the interest rate and monthly payment do not change
Home Warranty
A policy that covers certain repairs (e.g. plumbing/heating) of a newly purchased home for a period of time, typically one-year.
Preliminary Title Report
A report showing the condition of title before a sale or loan transaction After completion of the transaction, a new title insurance policy will be issued.
Title Insurance
Insurance to protect the buyer and lender against losses arising from disputes over the ownership of a property.
Recording Fees
Money paid to the lender for recording a home sale with the local authorities, thereby making it part of the public records.
ESCROW
ESCROW
WAYS TO HOLD TITLE IN CALIFORNIA
WHO PAYS WHAT: ESCROW CHARGES,
TITLE FEES, & TRANSFER OF TAXES
MARKETING
MARKETING YOUR HOME
At The Oldham Group, we put an emphasis on modern marketing, taking a multi-pronged approach to the digital promotion of your property.
The first thing we do before marketing is Identify the buyer persona For example, a Silicon Valley engineer with a net worth of $3M who likes mountain biking and comic-con. Then, we generate buzz while preparing for isting to launch by marketing to our network (28M+ agents).
Once the listing goes live, we begin attract that buyer persona to your listing. This may include...
WEBSITE - This includes photos, videos, virtual tours, listing details, and has the ability to capture contact information from interested home buyers
NEWSLETTERS - We will target the listing area through email campaigns These emails are sent for each status change on your listing and are full of information for potential buyers. When sending these emails, we create a list of potential leads in the area through a mix of home buyers in our team database as well as local homeowner leads from a third party real estate farming tool.
SOCIAL MEDIA ADVERTISING
- We run website traffic ads through Facebook and Instagram to drive visitors to the page. These ads are live for the duration of the listing and are updated with status changes such as “Coming Soon,” “Just Listed,” and “Price Reduction
GOOGLE ADS - To top off our digital listing campaign, we create and publish Google Display and Search advertisements. Very similar to the social media ads, these content pieces are posted for status changes They drive traffc to the property website as all of the digital.
ENHANCED TARGETING
- Using our partner
Lead Generation Labs, enhanced targeting allows us to target consumers based on the sites they visit and the apps installed on their phone. By narrowing down to profession-specific sites and apps, we can effectively target any profession or interest you can imagine.
THE COMPASS ADVANTAGE
COMPASS EXCLUSIVE TOOLS AT MY FINGERTIPS
In the world of real estate today, it’s not enough to simply keep up with the latest technology — you deserve an agent who’s always one step ahead. At Compass, I have access to AI-driven technology to deliver a modern buyer experience that is collaborative, seamless, and hassle-free.
Compass Collections
With Compass Collections I can curate a group of listings based on your personal preferences in a visual workspace. There, you can compare multiple properties, monitor market activity in real time, stay in constant contact with me, and invite collaborators to join in on the discussion - all in one central place
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Compass CMA
OLDHAM GROUP
PRE-MARKET YOUR HOME BY LISTING AS A COMPASS PRIVATE EXCLUSIVE
Private Exclusives allow you to pre-market your upcoming home sale and give buyers an opportunity to prepare to make a competitive offer. These off-market listings are only visible to Compass agents and their qualified clients. They don’t accumulate days on market, show price history, or appear on public home search websites.
THE BENEFITS OF A PRE-MARKETING STRATEGY
Generate Buzz
Build anticipation and demand for your home before it officially hits the market. Just like a movie trailer, this pre-marketing strategy helps create urgency and interest from buyers.
Test the Market
Avoid the negative impact from accumulating days on market and public price drops. Listing as a Private Exclusive gives you feedback from buyers on your ideal price and positioning.
Maintain Your Privacy
Your privacy is valuable. Private Exclusives is a discreet service that ensures photos and floorplans of your home are not visible on public home search websites.
GET AHEAD WITH THE COMPASS ADVANTAGE
Investing Billions in Tech to Find Your Next Home
You deserve an agent who has the world’s best real estate technology keeping them one step ahead. That’s why I chose Compass, a forwardthinking brokerage where the technology of the future is changing outcomes today. Not only has Compass invested over $1.5B dollars in tech over a 10-year period1, but we continue to spend more than $100M annually on research and development2 to help our agents make buying easier for you.
Buying successfully isn’t just about what you know, but who you know. When it comes to your next home purchase, Compass has a strong, connected network. In 2023, 17.5% of Compass transactions resulted directly from referrals t C d t ti th bilit f t t h l li t i t
OUR DYNAMIC & EXCLUSIVE PROGRAMS
EXCLUSIVE ZILLOW SHOWCASE LISTING
BUY BEFORE YOU SELL
CASH OFFER
BUYING AND SELLING IN A COMPETITIVE MARKET?
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