NOT LISTED FOR SALE

Estimated Value: $1,787,000 - $1,810,928

2 Beds
2 Baths
1,457 Sq Ft
$1,276/mo HOA Fee

Last Sold February 09, 2022

Last sale price $1,800,000 $1,235 Per Sq Ft

Current estimated payment $13,196/month

8 Days on Market

Highlights

  • Concierge
  • Community Cabanas
  • Gated Community
  • Addison Elementary School Rated A+
  • Fitness Center
  • 1-minute walk to El Palo Alto Park

About This Home

As of February 2022

Downtown luxury and convenience at The Palo Alto. Remodeled, light and bright, corner unit in the only full-service high rise in downtown Palo Alto. Panoramic views from floor-to-ceiling glass walls. Cutting-edge design with the best quality architectural materials and finishes. Unquestionably the finest unit in all downtown with new stainless steel appliances, quartz countertops, stunning designer bathrooms, color palette, and light fixtures. 24/7 concierge service, security, and resort-like amenities. High-end exercise room, business center, library/game room, children's playroom, picnic and BBQ facilities, commercial laundry and dry cleaning pick-up and delivery, on-site storage locker. Minutes to Stanford University and shopping, University Avenue, Caltrain, and excellent Palo Alto schools. Easy access to tech companies, HWY 101 and 280. Move-in today!

Last Agent to Sell the Property

Kiersten Ligeti

Compass License #01298631 Listed on: 01/20/2022

Compass

Last Buyer's Agent

Susan Sun

Compass License #02038818

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,997

Year Built

  • 1960

Lot Details

  • Fenced
  • Drought Tolerant Landscaping
  • Grass Covered Lot

HOA Fees

  • $1,276 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • Guest Parking
  • On-Street Parking
  • Assigned Parking

Home Design

  • Slab Foundation

Interior Spaces

  • 1,457 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Low Flow Toliet
  • Low Flow Shower

Home Security

Outdoor Features

  • Private Pool
  • Barbecue Area

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts

Community Details

Overview

  • Association fees include cable / dish, common area electricity, common area gas, exterior painting, fencing, garbage, heating, hot water, insurance - common area, landscaping / gardening, maintenance - common area, maintenance - exterior, management fee, pool spa or tennis, reserves, roof, security service, water / sewer
  • 101 Units
  • Pacoa Association
  • Greenbelt

Amenities

  • Concierge
  • Trash Chute
  • Clubhouse
  • Laundry Facilities
  • Common Utility Room
  • Elevator
  • Community Storage Space

Recreation

  • Sport Court
  • Recreation Facilities
  • Community Cabanas

Security

  • Security Guard
  • Controlled Access
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,997

Year Built

1960

Lot Details

0

HOA Fees

$1,276 per month

Parking

1

Listing Details

  • Zoning: PC
  • Subclass: Condominium
  • Restrictions: Pets - Rules
  • Age: 62
  • Listing Class: Residential
  • Maximum Unit Floor Number: 3
  • Max Numberof Unitsin Building: 101
  • Min Numberof Unitsin Complex: 101
  • Structure Sq Ft: 1457
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1960

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area In Living Room
  • Kitchen: 220 Volt Outlet, Dishwasher, Exhaust Fan, Oven Range, Refrigerator
  • Living Sq Ft: 1457
  • Stories: 1
  • Security: Controlled / Secured Access, Fire Alarm, Secured Garage / Parking, Security Guard
  • Laundry: Community Facility
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Updated Bath

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Yes
  • Yard/Grounds: Bbq Area, Drought Tolerant Plants, Fenced, Low Maintenance
  • Pool: Community Facility, Pool - Fenced, Pool - In Ground

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Assigned Spaces, Common Parking Area, Covered Parking, Gate / Door Opener, Guest / Visitor Parking, On Street

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • Complex Name: Tha Palo Alto
  • HOA Fees: 1276
  • HOA Amenities: Additional Storage, Cabana, Club House, Common Utility Room, Community Pool, Community Security Gate, Concierge, Elevator, Game Court (Outdoor), Garden / Greenbelt / Trails, Gym / Exercise Facility, Recreation Room, Trash Chute
  • HOA Documents: Articles Of Incorporation, Budget, Bylaws, Cc&rs, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Cable / Dish, Common Area Electricity, Common Area Gas, Exterior Painting, Fencing, Garbage, Heating, Hot Water, Insurance - Common Area, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Pool, Spa, Or Tennis, Reserves, Roof, Security Service, Water / Sewer
  • HOA Exist: Yes
  • H O A Name Text: PACOA

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Lot Acres: 0.1149
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5007.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5007.00

Green Features

  • Energy Features: Low Flow Shower, Low Flow Toilet

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 12
  • Minimum Building Height: 12
  • Unit Features: Corner Unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2022
Closed on
Feb 2, 2022
Sold by
Monterey Developement Llc
Bought by
Feng Ying
Seller's Agent
Kiersten Ligeti
Compass
Buyer's Agent
Susan Sun
Compass
List Price
$1,598,000
Sold Price
$1,800,000
Premium/Discount to List
$202,000
12.64%
Total Days on Market
8
Current Estimated Value
$1,796,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,018
Avg. Annual Appreciation
-0.36%

Purchase Details

Closed on
Jun 16, 2021
Sold by
Scott & Grant Llc
Bought by
Monterey Developement Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2019
Sold by
Anderson Colleen
Bought by
Anderson Grant

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2019
Sold by
Haynes Hannay E James and Haynes Hannay Marsha
Bought by
Anderson Grant and Anderson Preston Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2002
Sold by
Anderson Catherine R
Bought by
Hannay E James and Hannay Marsha Haynes

Purchase Details

Closed on
Apr 19, 2001
Sold by
Hannay E James and Hannay Marsha Haynes
Bought by
Hannay E James and Hannay Marsha Haynes
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Feng Ying $1,800,000 Lawyers Title
Monterey Developement Llc $1,000,000 Lawyers Title Company
Anderson Grant -- Lawyers Title Company
Scott & Grant Llc -- Lawyers Title Company
Anderson Grant -- None Available
Haynes Hannay E James -- None Available
Hannay E James -- --
Hannay E James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Monterey Developement Llc $750,000
Previous Owner Anderson Grant $515,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2022 02/09/22 Sold $1,800,000 +12.6% $1,235 / Sq Ft
01/28/2022 01/28/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $1,598,000 -- $1,097 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,997 $1,872,720 $936,360 $936,360
2023 $18,241 $1,545,000 $772,500 $772,500
2022 $15,141 $1,264,800 $632,400 $632,400
2021 $20,938 $1,751,964 $875,982 $875,982
2020 $20,494 $1,734,000 $867,000 $867,000
2019 $4,052 $334,283 $129,994 $204,289
2018 $4,757 $327,730 $127,446 $200,284
2017 $4,673 $321,305 $124,948 $196,357
2016 $4,545 $315,006 $122,499 $192,507
2015 $4,495 $310,275 $120,659 $189,616
2014 $4,318 $304,198 $118,296 $185,902
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81874581

MLSListings

APN: 120-39-016