NOT LISTED FOR SALE

1048 Colorado Place Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $1,711,000 - $2,124,000

2 Beds
2.5 Baths
1,572 Sq Ft
$1,200/Sq Ft Est. Value

Last Sold August 31, 2016

Last sale price $1,600,000 $1,018 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $12,210/month

12 Days on Market

Highlights

  • Wood Flooring
  • Marble Countertops
  • Double Oven
  • Palo Verde Elementary School Rated A+
  • Den
  • Balcony

About This Home

As of August 2016

Open Sat 6th/Sun 7th 1:30-4:30. Charm and character abound in this light and bright end-unit townhome that lives like a detached home. Enjoy the convenience of Midtown's shops, restaurants and services combined with the serenity of living in a quiet, peaceful neighborhood. Tasteful upgrades include an open floor plan, modern kitchen with five-burner gas stove, dual ovens and oversized marble countertop with copper sink, gas fireplace with designer surround, updated baths with deep soaking tub, and french doors leading to a generous private garden with mature fruit trees. This is the place you'll want to call home.

Last Agent to Sell the Property

Susan Lewandowski

Christie's International Real Estate Sereno License #01852946 Listed on: 07/28/2016

Christie's International Real Estate Sereno

Last Buyer's Agent

Stanley Lo

Green Banker Realty License #00874415

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $22,271

Year Built

  • Built in 1981

Lot Details

  • 3,398 Sq Ft Lot
  • Wood Fence
  • Sprinklers on Timer
  • Mostly Level
  • Grass Covered Lot
  • Back Yard Fenced

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Guest Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,572 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Double Pane Windows
  • Combination Dining and Living Room
  • Den
  • Crawl Space
  • Security Gate

Kitchen

  • Breakfast Bar
  • Double Oven
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Marble Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • 220 Volts
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 127-62-005

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area electricity, exterior painting, fencing, landscaping / gardening, management fee
  • 20 Units
  • Colorado Place Townhomes Association
  • Built by Colorado Place Townhomes

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$22,271

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Subclass: Townhouse
  • Restrictions: Pets - Allowed
  • Age: 35
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 20
  • Structure Sq Ft: 1572
  • Complex Name: Colorado Place Townhomes
  • Year Built: 1981
  • Zoning Description: PC318
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning, Gas Starter
  • Dining Room: Breakfast Bar, Dining Area, Dining Area in Living Room
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Marble, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Island with Sink, Oven - Double, Oven - Electric
  • Living Sq Ft: 1572
  • Stories: 2
  • Laundry: Dryer, Upper Floor, Washer
  • Flooring: Hardwood, Tile
  • Additional Rooms: Office Area
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Stall Shower, Tile, Tub, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Low Maintenance, Sprinklers - Auto
  • Fencing: Fenced Back, Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage, Gate / Door Opener, Guest / Visitor Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Security Gate, Walk-in Closet

Condo/Co-op/Association

  • HOA Fees: 265
  • Association Fees Include: Common Area Electricity, Exterior Painting, Fencing, Landscaping / Gardening, Management Fee
  • H O A Name Text: Colorado Place Townhomes
  • H O A Exist: Yes

Schools

  • School District: Palo Alto Unified
  • Elementary School: Palo Verde Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 320
  • Middle School: 322

Lot Info

  • Lot Description: Grade - Mostly Level
  • Parcel Number: 127-62-005
  • Lot Acres: 0.0780
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3388.97
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3388.97

Green Features

  • Energy Features: Double Pane Windows, Tankless Water Heater

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Palo Verde Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2016
Closed on
Aug 19, 2016
Sold by
Kelly Susan Lee
Bought by
Qiu Shuoshi
Seller's Agent
Susan Lewandowski
Christie's International Real Estate Sereno
Buyer's Agent
Stanley Lo
Green Banker Realty
List Price
$1,448,000
Sold Price
$1,600,000
Premium/Discount to List
$152,000
10.5%
Current Estimated Value
$1,891,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,016
Avg. Annual Appreciation
1.57%

Purchase Details

Closed on
Aug 7, 1996
Sold by
Terstappen Leon W M M and Terstappen Jessy W
Bought by
Lee Kelly Kevin and Lee Kelly Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,550
Interest Rate
8%
Source: Public Records

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
Qiu Shuoshi $1,600,000 Chicago Title Company
Lee Kelly Kevin $259,500 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kelly Susan Lee $179,300
Previous Owner Kelly Kevin $253,600
Previous Owner Kelly Kevin $260,750
Previous Owner Lee Kelly Kevin $233,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2016 08/31/16 Sold $1,600,000 +10.5% $1,018 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $1,448,000 -- $921 / 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 $22,271 $1,820,524 $910,262 $910,262
2023 $21,941 $1,784,828 $892,414 $892,414
2022 $21,685 $1,749,832 $874,916 $874,916
2021 $21,257 $1,715,522 $857,761 $857,761
2020 $20,823 $1,697,932 $848,966 $848,966
2019 $20,590 $1,664,640 $832,320 $832,320
2018 $20,029 $1,632,000 $816,000 $816,000
2017 $19,677 $1,600,000 $800,000 $800,000
2016 $4,956 $357,012 $123,818 $233,194
2015 $4,901 $351,651 $121,959 $229,692
2014 $4,716 $344,763 $119,570 $225,193
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Susan Lewandowski

    Sereno Group

    Section Image
  • Stanley Lo

    Buyer's Agent in 2016

    Stanley Lo

    Green Banker Realty

    (650) 222-1045

    398 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81597350

MLSListings

APN: 127-62-005

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

1048 Colorado Place, Palo Alto, CA

This home is located at 1048 Colorado Place, Palo Alto, CA 94303 since 28 July 2016 and is currently estimated at $1,886,313, approximately $1,199 per square foot. This property was built in 1981. 1048 Colorado Place is a home located in Santa Clara County with nearby schools including Palo Verde Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

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