NOT LISTED FOR SALE

Estimated Value: $1,049,000 - $1,302,000

2 Beds
1 Bath
775 Sq Ft
7,579 Sq Ft Lot

Last Sold March 16, 2016

Last sale price $964,000 $1,244 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,487/month

6 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Forced Air Heating System
  • Addison Elementary School Rated A+
  • Double Pane Windows
  • 4-minute walk to El Palo Alto Park

About This Home

As of March 2016

Can't beat the location to downtown Palo Alto and all the amenities that go with it. Nicely remodeled two bedroom one bath condo located in a small development of only six units. Two off street parking spaces, extra storage, sunny balcony and many other upgrades.

Last Agent to Sell the Property

Annette Smith

Golden Gate Sotheby's International Realty License #01180954 Listed on: 01/28/2016

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Vladimir Rubashevsky

5 Stars Realty License #01068954

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,031

Year Built

  • Built in 1958

Lot Details

  • 7,579

Home Design

  • Composition Roof

Interior Spaces

  • 775 Sq Ft Home
  • Double Pane Windows
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Electric Oven
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • 1 Carport Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • 220 Volts

Community Details

  • Property has a Home Owners Association
  • Association fees include insurance - common area, insurance - liability
  • 6 Units
  • Hawthorne Ct Estates Homeowners Assoc Association

Listing and Financial Details

  • Assessor Parcel Number 120-37-004

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,031

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Subclass: Condominium
  • Age: 58
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 6
  • Structure Sq Ft: 775
  • Year Built: 1958
  • Zoning Description: RM4
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area in Living Room
  • Kitchen: 220 Volt Outlet, Countertop - Granite, Dishwasher, Garbage Disposal, Oven Range, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 775
  • Flooring: Hardwood
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Composition

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Carport, Covered Parking
  • Carport Min: 1

Utilities

  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 165
  • Association Fees Include: Insurance - Common Area, Insurance - Liability
  • H O A Name Text: Hawthorne Ct Estates Homeowners Assoc
  • H O A Exist: Yes

Schools

  • School District: Palo Alto Unified
  • High School: Palo Alto High
  • High School: 327

Lot Info

  • Parcel Number: 120-37-004
  • Lot Acres: 0.1740
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7560.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7560.00

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • High School Text: Palo Alto High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2016
Closed on
Mar 7, 2016
Sold by
Panelli Alexander Flavio
Bought by
Johnson James
Seller's Agent
Annette Smith
Golden Gate Sotheby's International Realty
Buyer's Agent
Vladimir Rubashevsky
5 Stars Realty
List Price
$899,000
Sold Price
$964,000
Premium/Discount to List
$65,000
7.23%
Total Days on Market
6
Current Estimated Value
$1,128,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,759
Avg. Annual Appreciation
1.83%
Original Mortgage
$771,200
Outstanding Balance
$603,879
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$535,033

Purchase Details

Listed on
Feb 22, 2014
Closed on
Mar 11, 2014
Sold by
Mcguigan Matthew
Bought by
Panelli Alexander Flavio
Seller's Agent
Ed Ferguson
Carrick & English R.E.
Buyer's Agent
Annette Smith
Golden Gate Sotheby's International Realty
List Price
$569,000
Sold Price
$707,000
Premium/Discount to List
$138,000
24.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.68%
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
Johnson James $964,000 Chicago Title Company
Panelli Alexander Flavio $707,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson James $771,200
Previous Owner Panelli Alexander Flavio $414,500
Previous Owner Panelli Alexander Flavio $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2016 03/16/16 Sold $964,000 +7.2% $1,244 / Sq Ft
02/04/2016 02/04/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $899,000 +27.2% $1,160 / Sq Ft
03/14/2014 03/14/14 Sold $707,000 +24.3% $912 / Sq Ft
03/07/2014 03/07/14 Pending -- -- --
02/22/2014 02/22/14 For Sale $569,000 -- $734 / 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 $14,031 $1,118,798 $559,399 $559,399
2023 $13,563 $1,075,000 $537,500 $537,500
2022 $13,656 $1,075,356 $537,678 $537,678
2021 $13,386 $1,054,272 $527,136 $527,136
2020 $13,119 $1,043,462 $521,731 $521,731
2019 $12,969 $1,023,002 $511,501 $511,501
2018 $12,624 $1,002,944 $501,472 $501,472
2017 $12,401 $983,280 $491,640 $491,640
2016 $9,353 $732,120 $366,060 $366,060
2015 $9,256 $721,124 $360,562 $360,562
2014 $8,956 $703,178 $351,589 $351,589
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81548643

MLSListings

APN: 120-37-004