NOT LISTED FOR SALE

1070 Colorado Place Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $1,497,000 - $1,758,000

2 Beds
2.5 Baths
1,572 Sq Ft
$1,021/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $1,290,000 $821 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $10,741/month

121 Days on Market

Highlights

  • 2 Car Detached Garage
  • Bathroom on Main Level
  • Ceiling Fan
  • Palo Verde Elementary School Rated A+
  • Forced Air Heating System
  • Washer and Dryer

About This Home

As of December 2020

HUGE $100K PRICE REDUCTION!! Outstanding updated Colorado Place townhouse with new engineered stone kitchen counters, new lighting fixtures and fresh paint throughout. This 2 bedroom, 2.5 bath end unit has its own inside laundry area and both a private front patio area, ideal for relaxing or entertaining, and a lovely garden in back. Additional pluses are a 2-car garage, and low monthly $265.00 HOA dues. The unit is close by Greer Park and down the street from the Midtown shopping area. Local neighborhood schools include: Palo Verde Elementary, JLS Middle and Palo Alto High (buyer to verify placement with PAUSD). High tension wires next door have no known proven health risks. See disclosure pkg link for in-person visit rules.

Last Agent to Sell the Property

Terrie Masuda

Coldwell Banker Realty License #00951976 Listed on: 07/30/2020

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $16,968

Year Built

  • 1981

Lot Details

  • 2,718

HOA Fees

  • $265 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,572 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Laundry

  • Laundry on upper level
  • Washer and Dryer

Additional Features

  • 2,718 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • Association fees include maintenance - exterior, maintenance - road, reserves, roof
  • Colorado Place Homeowers' Association

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$16,968

Year Built

1981

Lot Details

0

HOA Fees

$265 per month

Parking

2

Listing Details

  • Zoning: PF
  • Subclass: Townhouse
  • Restrictions: Pets - Rules
  • Age: 39
  • Listing Class: Residential
  • Structure Sq Ft: 1572
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1981

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining Area
  • Kitchen: Dishwasher, Microwave, Oven Range - Electric, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1572
  • Stories: 2
  • Laundry: Upper Floor, Washer / Dryer
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Half On Ground Floor

Exterior Features

  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage

Utilities

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

Condo/Co-op/Association

  • Complex Name: Colorado Place
  • HOA Fees: 265
  • HOA Documents: Articles Of Incorporation, Budget, Bylaws, Cc&rs, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Maintenance - Exterior, Maintenance - Road, Reserves, Roof
  • HOA Exist: Yes
  • H O A Name Text: Colorado Place Homeowers' Association

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 Acres: 0.0624
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2719.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2719.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2020
Closed on
Dec 7, 2020
Sold by
Okawachi Melanie H and Ho Brenda H
Bought by
Tsai Kevin and Lin Yu Chu
Seller's Agent
Terrie Masuda
Coldwell Banker Realty
List Price
$1,500,000
Sold Price
$1,290,000
Premium/Discount to List
-$210,000
-14%
Current Estimated Value
$1,655,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,242
Avg. Annual Appreciation
4.85%
Original Mortgage
$1,032,000
Outstanding Balance
$930,817
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$673,004

Purchase Details

Closed on
Oct 23, 2015
Sold by
Okawachi Melanie H
Bought by
Okawachi Melanie H and Ho Brenda H

Purchase Details

Closed on
May 31, 2007
Sold by
Ott Edward Stanley and Ott Sophia L
Bought by
Okawachi Melanie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2004
Sold by
Mcfarren Barbara L
Bought by
Ott Edward Stanley and Ott Sophia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,200
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Tsai Kevin $1,290,000 First American Title Company
Okawachi Melanie H -- None Available
Okawachi Melanie H $725,000 Financial Title Company
Ott Edward Stanley $524,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tsai Kevin $1,032,000
Previous Owner Okawachi Melanie H $50,000
Previous Owner Okawachi Melanie H $399,000
Previous Owner Okawachi Melanie H $411,500
Previous Owner Okawachi Melanie H $413,000
Previous Owner Okawachi Melanie H $125,000
Previous Owner Okawachi Melanie H $417,000
Previous Owner Okawachi Melanie H $417,000
Previous Owner Ott Edward Stanley $419,200
Previous Owner Mcfarren Barbara L $275,000
Previous Owner Mcfarren Barbara L $200,000
Closed Ott Edward Stanley $52,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2020 12/29/20 Sold $1,290,000 -0.7% $821 / Sq Ft
11/28/2020 11/28/20 Pending -- -- --
11/19/2020 11/19/20 Price Changed $1,299,000 -99.0% $826 / Sq Ft
11/19/2020 11/19/20 Price Changed $129,900,000 +9178.7% $82,634 / Sq Ft
10/04/2020 10/04/20 Price Changed $1,399,988 -1.8% $891 / Sq Ft
08/21/2020 08/21/20 Price Changed $1,425,000 -5.0% $906 / Sq Ft
07/30/2020 07/30/20 For Sale $1,500,000 -- $954 / 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 $16,968 $1,368,958 $684,479 $684,479
2023 $16,716 $1,342,116 $671,058 $671,058
2022 $16,518 $1,315,800 $657,900 $657,900
2021 $16,192 $1,290,000 $645,000 $645,000
2020 $11,373 $888,164 $444,082 $444,082
2019 $11,244 $870,750 $435,375 $435,375
2018 $10,949 $853,678 $426,839 $426,839
2017 $10,756 $836,940 $418,470 $418,470
2016 $10,471 $820,530 $410,265 $410,265
2015 $10,283 $808,206 $404,103 $404,103
2014 $10,011 $792,376 $396,188 $396,188
Source: Public Records

Agents Affiliated with this Home

  • Terrie Masuda

    Seller's Agent in 2020

    Terrie Masuda

    Coldwell Banker Realty

    (650) 917-7969

    1 in this area

    17 Total Sales

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Map

Source: MLSListings

MLS Number: ML81803004

MLSListings

APN: 127-62-016

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

1070 Colorado Place, Palo Alto, CA

This home is located at 1070 Colorado Place, Palo Alto, CA 94303 since 30 July 2020 and is currently estimated at $1,605,247, approximately $1,021 per square foot. This property was built in 1981. 1070 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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