NOT LISTED FOR SALE

1245 Alma St Palo Alto, CA 94301

Old Palo Alto Neighborhood

Estimated Value: $1,638,000 - $2,018,000

2 Beds
2.5 Baths
1,387 Sq Ft
$700/mo HOA Fee

Last Sold January 11, 2021

Last sale price $1,750,000 $1,262 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $12,606/month

76 Days on Market

Highlights

  • Two Primary Bedrooms
  • Skyline View
  • Wood Flooring
  • Walter Hays Elementary Rated A+
  • Secluded Lot
  • Spanish Architecture

About This Home

As of January 2021

Amazing Value! Original owner and First time on the market! Attractively updated and true pride of ownership. Extremely unique detached condominium with a private backyard, located at the rear of the complex. Gleaming hardwood floors throughout. Tastefully updated kitchen. New quartz counters stainless steel appliances and recessed lighting. Crown molding, new baseboard and trim. Master suite with walk-in closet and junior suite with private bath and balcony view. Garage spaces near front entry. Urban living at its finest, near Stanford University and top rated schools. Premier location. A must see and a real 10+

Last Agent to Sell the Property

John Demarinis

Re/Max Accord License #01378667 Listed on: 09/07/2020

Re/Max Accord

Last Buyer's Agent

Ziwei Wang

Compass License #01917792

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,586

Year Built

  • 1990

Lot Details

  • No Common Walls
  • Wood Fence
  • Level Lot
  • Sprinklers on Timer
  • Back Yard

HOA Fees

  • $700 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,387 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Dining Area
  • Wood Flooring
  • Skyline Views
  • Laundry on upper level

Kitchen

  • Electric Oven
  • Microwave
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Solid Surface Bathroom Countertops
  • Bathtub with Shower
  • Bathtub Includes Tile Surround

Utilities

  • Forced Air Heating System

Community Details

Overview

  • Association fees include common area electricity, exterior painting, garbage, insurance - earthquake, maintenance - common area, maintenance - exterior, management fee, roof
  • Spanish Village Homeowners Association

Amenities

  • Courtyard

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,586

Year Built

1990

Lot Details

0

HOA Fees

$700 per month

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Condominium
  • Style: Spanish
  • Age: 30
  • Listing Class: Residential
  • Structure Sq Ft: 1387
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1990

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Dining Area
  • Kitchen: Countertop - Quartz, Garbage Disposal, Microwave, Oven Range - Electric
  • Fireplace: Yes
  • Living Sq Ft: 1387
  • Stories: 2
  • Bedrooms: More Than One Primary Bedroom, Walk-In Closet
  • Laundry: Upper Floor
  • Flooring: Wood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Shower And Tub, Skylight, Solid Surface, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tile
  • Yard/Grounds: Back Yard, Courtyard, Fenced, Sprinklers - Auto
  • Fencing: Wood
  • Construction Type: Stucco

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 700
  • HOA Documents: Budget, Bylaws, Cc&rs, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Exterior Painting, Garbage, Insurance - Earthquake, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Roof
  • HOA Exist: Yes
  • H O A Name Text: Spanish Village Homeowners Association

Schools

  • School District: Palo Alto Unified
  • Elementary School: Walter Hays Elementary
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 315

Lot Info

  • Lot Description: Grade - Level, Private / Secluded
  • Lot Acres: 0.0317
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1380.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1380.00

Multi Family

  • Utilities: Public Utilities
  • Unit Features: No Common Wall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2020
Closed on
Dec 23, 2020
Sold by
Baker Richard W and The Richard W Baker Trust
Bought by
Raisoni Tarun and Mehta Rashi
Seller's Agent
John Demarinis
Re/Max Accord
Buyer's Agent
Ziwei Wang
Compass
List Price
$1,799,000
Sold Price
$1,750,000
Premium/Discount to List
-$49,000
-2.72%
Current Estimated Value
$1,873,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,851
Avg. Annual Appreciation
1.48%

Purchase Details

Closed on
Feb 5, 2019
Sold by
Baker Richard W
Bought by
Baker Richard W and Richard W Baker Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$929,425
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2016
Sold by
Nguyen Phuong L
Bought by
Baker Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2016
Sold by
Baker Richard W
Bought by
Baker Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2011
Sold by
Baker Richard W
Bought by
Baker Richard W

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
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 1995
Sold by
Baker Richard W
Bought by
Baker Richard W
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
Raisoni Tarun $1,750,000 Old Republic Title Company
Baker Richard W -- Title Source Inc
Baker Richard W -- None Available
Baker Richard W -- Chicago Title Company
Baker Richard W -- Accommodation
Baker Richard W -- Chicago Title Co Evergreen
Baker Richard W -- Orange Coast Title
Baker Richard W -- Orange Coast Title
Baker Richard W -- Orange Coast Title
Baker Richard W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raisoni Tarun $822,000
Previous Owner Baker Richard W $929,425
Previous Owner Baker Richard W $325,000
Previous Owner Baker Richard W $625,000
Previous Owner Baker Richard W $395,000
Previous Owner Baker Richard W $417,000
Previous Owner Baker Richard W $390,000
Previous Owner Baker Richard W $403,700
Previous Owner Baker Richard W $100,000
Previous Owner Baker Richard W $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2021 01/11/21 Sold $1,750,000 -2.7% $1,262 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
10/14/2020 10/14/20 For Sale $1,799,000 0.0% $1,297 / Sq Ft
10/14/2020 10/14/20 Price Changed $1,799,000 -5.2% $1,297 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
09/25/2020 09/25/20 Price Changed $1,898,000 -4.9% $1,368 / Sq Ft
09/07/2020 09/07/20 For Sale $1,995,000 -- $1,438 / 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 $20,586 $1,770,000 $885,000 $885,000
2024 $20,586 $1,670,000 $835,000 $835,000
2023 $18,190 $1,460,000 $730,000 $730,000
2022 $22,187 $1,785,000 $892,500 $892,500
2021 $7,401 $544,540 $272,270 $272,270
2020 $7,262 $538,958 $269,479 $269,479
2019 $7,095 $528,392 $264,196 $264,196
2018 $6,915 $518,032 $259,016 $259,016
2017 $6,792 $507,876 $253,938 $253,938
2016 $6,608 $497,918 $248,959 $248,959
2015 $6,537 $490,440 $245,220 $245,220
2014 $6,325 $480,834 $240,417 $240,417
Source: Public Records

Agents Affiliated with this Home

  • John Demarinis

    Seller's Agent in 2021

    John Demarinis

    RE/MAX

    (925) 984-0550

    1 in this area

    36 Total Sales

    John Demarinis
    Section Image

  • Z

    Buyer's Agent in 2021

    Ziwei Wang

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81809617

MLSListings

APN: 124-15-062

California Santa Clara County Palo Alto 94301 Old Palo Alto

1245 Alma St, Palo Alto, CA

This home is located at 1245 Alma St, Palo Alto, CA 94301 since 07 September 2020 and is currently estimated at $1,873,851, approximately $1,351 per square foot. This property was built in 1990. 1245 Alma St is a home located in Santa Clara County with nearby schools including Walter Hays Elementary, Frank S. Greene Jr. Middle, and Palo Alto High School.

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