$1,075,000
SOLD MAR 30, 2023
2 Beds
2 Baths
1,285 Sq Ft
$826/mo HOA Fee

Recently Sold

$837 Per Sq Ft

20% Below List Price

39 Days on Market

Highlights

  • City Lights View
  • Vaulted Ceiling
  • Subterranean Parking
  • Addison Elementary School Rated A+
  • Balcony
  • 3-minute walk to Lytton Plaza

About This Home

As of July 2025

Location! Location! Location! Enjoy upscale urban living in the heart of downtown Palo Alto. This beautiful, open concept recently renovated fourth-floor corner condominium enjoys the luxury of having only a partial neighbor above you and one to the side. With secure entry, two deeded underground parking spots plus a storage, and convenient elevator access from the garage or ground floor straight to your home, enjoy extravagant living with pure ease and comfort. With sweeping metropolitan views from your private balcony and windows and located just walking distance to University Ave night life, boutique shopping and gourmet restaurants. Easy access to Caltrain, Stanford University, El Camino Real, Hwy 101 and the top rated, highly sought-after Palo Alto schools.

Last Agent to Sell the Property

Brent Mardesich

RE/MAX Santa Clara Valley License #01901623 Listed on: 01/19/2023

RE/MAX Santa Clara Valley

Co-Listed By

Brent and Stacy Mardesich

RE/MAX Santa Clara Valley License #01895097

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,964

Year Built

  • Built in 1981

HOA Fees

  • $826 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Secured Garage or Parking
  • Off-Street Parking

Property Views

  • City Lights
  • Hills
  • Neighborhood

Home Design

  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,285 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Additional Features

  • Balcony
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 120-61-008

Community Details

Overview

  • Association fees include common area electricity, garbage, landscaping / gardening
  • Palo Alto Plaza Association

Security

  • Controlled Access
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,964

Year Built

Built in 1981

Lot Details

0

HOA Fees

$826 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Restrictions: Age - No Restrictions
  • Age: 42
  • Listing Class: Residential
  • Structure Sq Ft: 1285
  • Year Built: 1981
  • Zoning Description: CDS
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area
  • Kitchen: Dishwasher, Oven Range, Refrigerator
  • Living Sq Ft: 1285
  • Stories: 1
  • Security: Controlled / Secured Access, Fire System - Sprinkler, Secured Garage / Parking
  • Laundry: Dryer, Inside, Washer
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Primary - Stall Shower(s), Shower over Tub - 1, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tile
  • View: City Lights, Hills, Neighborhood
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Off-Street Parking, Underground Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 826
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Garbage, Landscaping / Gardening
  • H O A Name Text: Palo Alto Plaza
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 120-61-008

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
Jun 2, 2025
Closed on
Jun 30, 2025
Sold by
Mcdonough Daniel T and Mcdonough Emily F
Bought by
Cramer Thomas John and Lundy Rochelle Pauline
Seller's Agent
Jennifer Alfaro
Compass
Buyer's Agent
Umang Sanchorawala
Compass
List Price
$1,325,000
Sold Price
$1,360,000
Premium/Discount to List
$35,000
2.64%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-29.69%

Purchase Details

Listed on
Jan 19, 2023
Closed on
Mar 14, 2023
Sold by
Lee E Swenson Revocable Trust
Bought by
Mcdonough Daniel T and Mcdonough Emily F
Seller's Agent
Brent Mardesich
RE/MAX Santa Clara Valley
Buyer's Agent
RECIP
Out of Area Office
List Price
$1,349,888
Sold Price
$1,075,000
Premium/Discount to List
-$274,888
-20.36%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.97%

Purchase Details

Closed on
Mar 9, 2018
Sold by
Swenson Lee E and Swenson Lee Swenson
Bought by
Swenson Lee E and The E Swenson Revocable Trust
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,360,000 Lawyers Title Company
Grant Deed $1,075,000 Chicago Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 Sold $1,360,000 +2.6% $1,058 / Sq Ft
06/24/2025 06/24/25 Pending -- -- --
06/02/2025 06/02/25 For Sale $1,325,000 +23.3% $1,031 / Sq Ft
03/30/2023 03/30/23 Sold $1,075,000 -10.4% $837 / Sq Ft
02/28/2023 02/28/23 Pending -- -- --
02/21/2023 02/21/23 Price Changed $1,199,999 -11.1% $934 / Sq Ft
01/19/2023 01/19/23 For Sale $1,349,888 -- $1,050 / 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 $12,964 $1,096,500 $548,250 $548,250
2023 $4,470 $378,329 $139,377 $238,952
2022 $4,417 $370,912 $136,645 $234,267
2021 $4,328 $363,640 $133,966 $229,674
2020 $4,236 $359,912 $132,593 $227,319
2019 $4,190 $352,856 $129,994 $222,862
2018 $4,085 $345,939 $127,446 $218,493
2017 $4,013 $339,157 $124,948 $214,209
2016 $3,896 $332,508 $122,499 $210,009
2015 $4,616 $327,514 $120,659 $206,855
2014 $4,436 $321,099 $118,296 $202,803
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81916662

MLSListings

APN: 120-61-008