NOT LISTED FOR SALE

Estimated Value: $1,452,000 - $2,021,000

2 Beds
2 Baths
1,600 Sq Ft
$1,024/mo HOA Fee

Last Sold October 22, 2021

Last sale price $1,950,000 $1,219 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $13,048/month

9 Days on Market

Highlights

  • Unit is on the top floor
  • Primary Bedroom Suite
  • Skyline View
  • Addison Elementary School Rated A+
  • Gated Community
  • 2-minute walk to Johnson Park

About This Home

As of October 2021

Elegant, Sophisticated, and Fun 2 bedroom, 2 bath, top-floor, penthouse on a quiet street in downtown Palo Alto. Open-air bridge from elevator or staircase to front door. Light, bright and airy home with air conditioning and access to 4 private terraces for entertaining, dining or enjoying your morning coffee. Spacious living room with built-in display cabinetry, one of the four terraces, and windows on all four sides! New handsome hardwood flooring, carpet, paint and two stylish tile fireplaces provide a refined and soothing atmosphere. Custom kitchen by Medallion Cabinetry with solid maple cabinets, granite countertops, and stainless steel appliances - cabinets galore. Two assigned underground parking spaces, plus a large, locked storage closet, and bike garage. Walk to vibrant University Avenue and your neighborhood park, Johnson Park. Easy access to Stanford and 101. Award winning Palo Alto schools. You Will Love Living Here - Enjoy!

Last Agent to Sell the Property

Doug Gonzalez

Coldwell Banker Realty License #00895924 Listed on: 09/13/2021

Coldwell Banker Realty

Last Buyer's Agent

Mary Sanbrook

Signature Properties License #01943961

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,799

Year Built

  • 1980

Lot Details

  • End Unit
  • Northwest Facing Home
  • Security Fence
  • Corner Lot
  • Sprinklers on Timer
  • Mostly Level
  • Grass Covered Lot

HOA Fees

  • $1,024 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Lighted Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • On-Street Parking

Property Views

  • Skyline
  • Forest
  • Garden
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Slab Foundation
  • Steel Frame
  • Ceiling Insulation
  • Tar and Gravel Roof
  • Composition Roof
  • Bitumen Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Ceiling Fan
  • Skylights in Kitchen
  • Wood Burning Fireplace
  • Double Pane Windows
  • Bay Window
  • Formal Entry
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Den
  • Security Lights

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Solid Surface Bathroom Countertops
  • Dual Sinks
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Balcony
  • Deck
  • Barbecue Area

Location

  • Unit is on the top floor

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat
  • Separate Meters
  • Master Meter
  • 220 Volts

Community Details

Overview

  • Association fees include common area electricity, decks, exterior painting, fencing, garbage, hot water, insurance - common area, insurance - homeowners, insurance - liability, insurance - structure, landscaping / gardening, maintenance - common area, maintenance - exterior, management fee, reserves, roof, sewer, water, water / sewer
  • 6 Units
  • Phoenix Star Association

Amenities

  • Courtyard
  • Elevator
  • Community Storage Space

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Gated Community
  • Building Fire Escape
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,799

Year Built

1980

Lot Details

0

HOA Fees

$1,024 per month

Parking

2

Listing Details

  • Zoning: RM2
  • Subclass: Condominium
  • Style: Contemporary, Luxury, Modern / High Tech
  • Restrictions: Age - No Restrictions, Pets - Allowed, Pets - Cats Permitted, Pets - Dogs Permitted, Pets - Number Restrictions, Pets - Restrictions, Pets - Rules
  • Age: 41
  • Listing Class: Residential
  • Maximum Unit Floor Number: 3
  • Max Numberof Unitsin Building: 6
  • Min Numberof Unitsin Complex: 6
  • Structure Sq Ft: 1600
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1980

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Primary Bedroom, Wood Burning
  • Dining Room: Breakfast Bar, Formal Dining Room
  • Kitchen: 220 Volt Outlet, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Ice Maker, Microwave, Oven - Self Cleaning, Oven Range - Electric, Pantry, Refrigerator, Skylight, Wine Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1600
  • Stories: 1
  • Security: Fire Alarm, Fire Escape, Secured Garage / Parking, Security Fence, Security Lights
  • Bedrooms: Primary Suite / Retreat, Walk-In Closet
  • Laundry: Electricity Hookup (110V), Electricity Hookup (220V), Inside, Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Den / Study / Office, Formal Entry, Laundry Room, Storage
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Primary - Stall Shower(s), Skylight, Solid Surface, Stall Shower - 2+, Tile, Updated Bath

Exterior Features

  • Foundation: Combination, Concrete Block, Concrete Perimeter And Slab
  • Roof: Bitumen, Composition, Tar And Gravel
  • View: Forest / Woods, Garden / Greenbelt, Neighborhood
  • Yard/Grounds: Balcony / Patio, Bbq Area, Courtyard, Deck, Low Maintenance, Sprinklers - Auto
  • Fencing: Fenced, Mixed Height / Type, Not Surveyed
  • Property Faces: Northwest
  • Construction Type: Concrete, Concrete Block, Steel Frame, Stucco

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Assigned Spaces, Covered Parking, Gate / Door Opener, Lighted Parking Area, On Street, Parking Restrictions, Underground Parking

Utilities

  • Cooling System: Ceiling Fan, Central Ac, Multi-Zone
  • Heating System: Central Forced Air - Gas, Fireplace, Individual Room Controls
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Condo/Co-op/Association

  • Complex Name: Phoenix Star
  • HOA Fees: 1024
  • HOA Amenities: Additional Storage, Bbq Area, Community Security Gate, Elevator
  • HOA Documents: Articles Of Incorporation, Budget, Bylaws, Cc&rs, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Decks, Exterior Painting, Fencing, Garbage, Hot Water, Insurance - Common Area, Insurance - Homeowners, Insurance - Liability, Insurance - Structure, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Reserves, Roof, Sewer, Water, Water / Sewer
  • HOA Exist: Yes
  • H O A Name Text: Phoenix Star

Association/Amenities

  • Amenities Miscellaneous: Bay Window, Skylight, Walk-In Closet, Wet Bar

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Lot Description: Corners Marked - No, Grade - Mostly Level, Private / Secluded, Views
  • Soil: Unknown

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Skylight, Thermostat Controller

Multi Family

  • Utilities: Individual Electric Meters, Master Meter, Public Utilities
  • Maximum Building Height: 3
  • Minimum Building Height: 3
  • Unit Features: Corner Unit, End Unit, Other Unit Below, Top Floor Or Penthouse, Unit Faces Common Area, Unit Faces Street

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Oct 6, 2021
Sold by
Neff Deborah J and The Deborah J Neff Trust
Bought by
Bombardieri Anna Maria
Seller's Agent
Doug Gonzalez
Coldwell Banker Realty
Buyer's Agent
Mary Sanbrook
Signature Properties
List Price
$1,998,000
Sold Price
$1,950,000
Premium/Discount to List
-$48,000
-2.4%
Current Estimated Value
$1,827,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$122,631
Avg. Annual Appreciation
-1.67%
Original Mortgage
$105,000
Outstanding Balance
$95,958
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,731,411

Purchase Details

Closed on
Sep 23, 2013
Sold by
Gilligan Kathleen P and Angelo Thomas S
Bought by
Neff Deborah L and The Deborah J Neff Trust

Purchase Details

Closed on
Mar 17, 2009
Sold by
Gilligan Kathleen P
Bought by
Gilligan Kathleen P and Angelo Thomas S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,000
Interest Rate
5.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2004
Sold by
Gilligan Kathleen P
Bought by
Gilligan Kathleen P and Kathleen Gilligan Living Trust

Purchase Details

Closed on
Jul 22, 1999
Sold by
Grant George K and Grant Mary C
Bought by
Gilligan Kathleen P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,200
Interest Rate
7.12%

Purchase Details

Closed on
Jan 14, 1997
Sold by
Baugh Charles W
Bought by
Grant George K and Grant Mary Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
7.46%
Source: Public Records

Range of Values:

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Average Value
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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
Bombardieri Anna Maria $1,950,000 First American Title Company
Neff Deborah L -- Old Republic Title Company
Gilligan Kathleen P -- Chicago Title Company
Gilligan Kathleen P -- Chicago Title Company
Gilligan Kathleen P -- --
Gilligan Kathleen P $579,000 Commonwealth Land Title Co
Grant George K $395,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bombardieri Anna Maria $105,000
Open Bombardieri Anna Maria $1,105,000
Closed Bombardieri Anna Maria $300,000
Closed Bombardieri Anna Maria $100,000
Previous Owner Gilligan Kathleen P $379,000
Previous Owner Gilligan Kathleen P $172,200
Previous Owner Gilligan Kathleen P $398,000
Previous Owner Gilligan Kathleen P $442,000
Previous Owner Gilligan Kathleen P $463,200
Previous Owner Grant George K $296,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $1,950,000 -2.4% $1,219 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
09/13/2021 09/13/21 For Sale $1,998,000 -- $1,249 / 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 $24,799 $2,069,354 $1,034,677 $1,034,677
2024 $24,799 $2,028,780 $1,014,390 $1,014,390
2023 $24,434 $1,989,000 $994,500 $994,500
2022 $24,151 $1,950,000 $975,000 $975,000
2021 $19,119 $1,528,880 $764,440 $764,440
2020 $18,731 $1,513,204 $756,602 $756,602
2019 $18,522 $1,483,534 $741,767 $741,767
2018 $18,021 $1,454,446 $727,223 $727,223
2017 $17,705 $1,425,928 $712,964 $712,964
2016 $17,240 $1,397,970 $698,985 $698,985
2015 $17,070 $1,376,972 $688,486 $688,486
2014 $16,690 $1,350,000 $675,000 $675,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81861835

MLSListings

APN: 120-12-055