NOT LISTED FOR SALE

Estimated Value: $1,132,000 - $1,269,000

2 Beds
2 Baths
1,101 Sq Ft
1.86 Acres

Last Sold July 22, 2024

Last sale price $1,249,000 $1,134 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $7,734/month

15 Days on Market

Highlights

  • Fitness Center
  • Private Pool
  • Gated Community
  • Encinal Elementary School Rated A
  • Primary Bedroom Suite
  • Traditional Architecture

About This Home

As of July 2024

Conveniently located 2-bedroom, 2-bathroom condo just moments away from Stanford University and Stanford Shopping Center. This condo has a desirable open floorplan with a spacious main living area with real hardwood floors throughout. The main living area brings in an abundance of natural light and opens up to a large outdoor patio. The kitchen features white wooden cabinets, granite countertops, an electric stove/oven, dishwasher, microwave and full size refrigerator. This condo comes with 2 assigned parking spaces, including one underground, and a storage unit inside. In unit stackable washer/dryer. This community offers a swimming pool, gym, and community room with a ping pong table. Located within walking distance to downtown Menlo Park, Stanford University, and Stanford Shopping center. Proximity to the Caltrain station and highways and beautiful parks.

Last Agent to Sell the Property

Spencer Yuan

KW Bay Area Estates License #01522071 Listed on: 06/06/2024

KW Bay Area Estates

Co-Listed By

Steven Le

KW Bay Area Estates License #02003505

Last Buyer's Agent

Sonali Herrera

Ravi K. Sood, Broker License #02061171

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1965

Lot Details

  • 1.86

Parking

  • Subterranean Parking
  • Garage Door Opener
  • Guest Parking
  • Uncovered Parking

Home Design

  • Traditional Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,101 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Pool

  • Spa

Utilities

  • Forced Air Heating and Cooling System
  • Wood Insert Heater
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 114-010-010

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include maintenance - exterior, fencing, landscaping / gardening, pool spa or tennis, reserves, common area electricity, insurance - common area, maintenance - common area
  • Park Lane Condominium Association
  • Built by Park Lane Association

Amenities

  • Sauna
  • Community Storage Space

Recreation

  • Recreation Facilities
  • Fitness Center
  • Community Pool

Security

  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Subclass: Condominium
  • Style: Traditional
  • Listing Class: Residential
  • Maximum Unit Floor Number: 1
  • Structure Sq Ft: 1101
  • Complex Name: Park Lane Association
  • Incorporated: Yes
  • Year Built: 1965
  • Zoning Description: R30000
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning, Insert, Living Room
  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: Countertop - Granite, Dishwasher, Microwave, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 1101
  • Stories: 1
  • Bedrooms: Primary Suite / Retreat
  • Laundry: Washer / Dryer, Inside
  • Flooring: Tile, Carpet, Hardwood
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Shower over Tub - 1, Stall Shower, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Pool Description: Spa / Hot Tub, Community Facility
  • Roof: Composition
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Covered Parking, Common Parking Area, Gate / Door Opener, Guest / Visitor Parking, Uncovered Parking, Underground Parking

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer in Street

Condo/Co-op/Association

  • HOA Fees: 718
  • HOA Amenities: Additional Storage, Gym / Exercise Facility, Community Pool, Recreation Room, Community Security Gate, Sauna / Spa / Hot Tub
  • Association Fees Include: Maintenance - Exterior, Fencing, Landscaping / Gardening, Pool, Spa, or Tennis, Reserves, Common Area Electricity, Insurance - Common Area, Maintenance - Common Area
  • H O A Name Text: Park Lane Condominium Association
  • H O A Exist: Yes

Lot Info

  • Parcel Number: 114-010-010

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Sequoia Union High

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Jul 14, 2024
Sold by
Lee Family Living Trust and Lee Charles M
Bought by
Nawathey Palwe Family Trust and Nawathey
Seller's Agent
Spencer Yuan
KW Bay Area Estates
Buyer's Agent
Sonali Herrera
Ravi K. Sood, Broker
List Price
$1,249,000
Sold Price
$1,249,000
Views
23
Current Estimated Value
$1,201,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,663
Avg. Annual Appreciation
-2.63%
Original Mortgage
$874,000
Outstanding Balance
$863,561
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$337,776

Purchase Details

Listed on
Feb 14, 2022
Closed on
Feb 23, 2022
Sold by
Wood Winston A
Bought by
Lee Family Living Trust
Seller's Agent
Valerie Soltau
Parc Agency Corporation
Buyer's Agent
Claire Hagman
Redfin
List Price
$1,295,000
Sold Price
$1,285,000
Premium/Discount to List
-$10,000
-0.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.19%

Purchase Details

Closed on
Jan 22, 2014
Sold by
Wood Will C and Wood Barbra D
Bought by
Wood Winston Alan

Purchase Details

Closed on
Nov 26, 2008
Sold by
Wood Barbra D
Bought by
Wood Will C and Wood Barbra D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nawathey Palwe Family Trust $1,249,000 Cornerstone Title
Lee Family Living Trust $1,285,000 Chicago Title
Wood Winston Alan -- None Available
Wood Will C -- None Available
Wood Will C -- None Available
Wood Winston Alan -- None Available
Wood Winston Alan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nawathey Palwe Family Trust $874,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/22/2024 07/22/24 Sold $1,249,000 0.0% $1,134 / Sq Ft
06/22/2024 06/22/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $1,249,000 -2.8% $1,134 / Sq Ft
03/08/2022 03/08/22 Sold $1,285,000 -0.8% $1,167 / Sq Ft View Prior Sale
02/22/2022 02/22/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $1,295,000 -- $1,176 / 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 $17,507 $1,249,000 $375,000 $874,000
2023 $17,507 $1,310,700 $393,210 $917,490
2022 $9,806 $650,732 $325,366 $325,366
2021 $9,453 $637,974 $318,987 $318,987
2020 $9,355 $631,434 $315,717 $315,717
2019 $9,207 $619,054 $309,527 $309,527
2018 $8,952 $606,916 $303,458 $303,458
2017 $8,777 $595,016 $297,508 $297,508
2016 $8,416 $583,350 $291,675 $291,675
2015 $8,292 $574,588 $287,294 $287,294
2014 $8,101 $563,334 $281,667 $281,667
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81968691

MLSListings

APN: 114-010-010