NOT LISTED FOR SALE

Estimated Value: $1,677,172 - $1,798,000

3 Beds
2 Baths
1,565 Sq Ft
$1,361/mo HOA Fee

Last Sold June 03, 2024

Last sale price $1,750,000 $1,118 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $12,399/month

115 Days on Market

Highlights

  • Fitness Center
  • Sport Court
  • Dining Area
  • Addison Elementary School Rated A+
  • Forced Air Heating and Cooling System
  • 1-minute walk to El Palo Alto Park

About This Home

As of June 2024

For comp purposes only.

Last Agent to Sell the Property

Art Sharif

Sotheby's Intl Rlty License #01481940 Listed on: 02/09/2024

Sotheby's Intl Rlty

Last Buyer's Agent

Xiaohu Chen

ExtraWave Inc License #01882463

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,848

Year Built

  • Built in 1960

Lot Details

  • 1,307

HOA Fees

  • $1,361 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 1,565 Sq Ft Home
  • 1-Story Property
  • Dining Area

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 120-39-070

Community Details

Overview

  • Association fees include insurance
  • The Palo Alto Condominiums Association
  • Built by The Palo Alto

Recreation

  • Sport Court
  • Recreation Facilities

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,848

Year Built

Built in 1960

Lot Details

0

HOA Fees

$1,361 per month

Parking

1

Listing Details

  • Subclass: Condominium
  • Restrictions: Pets - Restrictions
  • Age: 64
  • Listing Class: Residential
  • Structure Sq Ft: 1565
  • Complex Name: The Palo Alto
  • Year Built: 1960
  • Zoning Description: PC
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room: Dining Area
  • Living Sq Ft: 1565
  • Stories: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Covered Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 1361
  • HOA Amenities: Game Court (Indoor), Gym / Exercise Facility, Recreation Room
  • HOA Documents: CC&RS, Financial Statement
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Insurance
  • H O A Name Text: The Palo Alto Condominiums
  • H O A Exist: Yes

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 120-39-070

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2024
Closed on
May 29, 2024
Sold by
9825 Lincoln Village Drive Llc
Bought by
Brightway Future S Llc
Seller's Agent
Art Sharif
Sotheby's Intl Rlty
Buyer's Agent
Xiaohu Chen
ExtraWave Inc
List Price
$1,988,000
Sold Price
$1,750,000
Premium/Discount to List
-$238,000
-11.97%
Current Estimated Value
$1,738,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,457
Avg. Annual Appreciation
-0.48%

Purchase Details

Listed on
Apr 18, 2021
Closed on
May 24, 2021
Sold by
Abh Llc
Bought by
9825 Lincoln Village Drive Llc
Seller's Agent
Art Sharif
Sotheby's Intl Rlty
Buyer's Agent
Art Sharif
Sotheby's Intl Rlty
List Price
$1,625,000
Sold Price
$1,675,000
Premium/Discount to List
$50,000
3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.47%

Purchase Details

Closed on
Feb 24, 2015
Sold by
Shaw Mark F and Kluger Allison D
Bought by
Abh Llc

Purchase Details

Closed on
Nov 28, 2012
Sold by
Shaw Mark F and Shaw Allison
Bought by
Shaw Mark F and Kluger Allison D

Purchase Details

Closed on
Nov 16, 2005
Sold by
Shaw Mark F and Shaw Allison
Bought by
Shaw Mark F and Shaw Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2002
Sold by
Chapman Harold S
Bought by
Shaw Mark F and Kluger Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,200
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Brightway Future S Llc $1,750,000 Fidelity National Title Compan
9825 Lincoln Village Drive Llc $1,675,000 Old Republic Title Company
Abh Llc $1,700,000 Chicago Title Company
Shaw Mark F -- None Available
Shaw Mark F -- Stewart Title Of California
Shaw Mark F $534,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shaw Mark F $512,000
Previous Owner Shaw Mark F $427,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/03/2024 06/03/24 Sold $1,750,000 -12.0% $1,118 / Sq Ft
06/03/2024 06/03/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $1,988,000 0.0% $1,270 / Sq Ft
12/30/2021 12/30/21 Rented $4,900 -2.0% --
12/08/2021 12/08/21 Under Contract -- -- --
10/19/2021 10/19/21 For Rent $5,000 0.0% --
06/03/2021 06/03/21 Sold $1,675,000 +3.1% $1,090 / Sq Ft View Prior Sale
04/21/2021 04/21/21 Pending -- -- --
04/18/2021 04/18/21 For Sale $1,625,000 -- $1,058 / 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
2025 $21,848 $1,785,000 $892,500 $892,500
2024 $21,848 $1,777,522 $888,761 $888,761
2023 $19,193 $1,545,000 $772,500 $772,500
2022 $21,276 $1,708,500 $854,250 $854,250
2021 $23,388 $1,887,546 $943,773 $943,773
2020 $22,909 $1,868,192 $934,096 $934,096
2019 $22,655 $1,831,562 $915,781 $915,781
2018 $22,038 $1,795,650 $897,825 $897,825
2017 $21,652 $1,760,442 $880,221 $880,221
2016 $21,084 $1,725,924 $862,962 $862,962
2015 $8,341 $643,506 $321,753 $321,753
2014 $8,101 $630,902 $315,451 $315,451
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81968153

MLSListings

APN: 120-39-070