NOT LISTED FOR SALE

Estimated Value: $1,151,000 - $1,553,000

2 Beds
2.5 Baths
1,290 Sq Ft
$738/mo HOA Fee

Last Sold March 07, 2022

Last sale price $1,480,000 $1,147 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $8,697/month

6 Days on Market

Highlights

  • Unit is on the top floor
  • 3-minute walk to California Avenue
  • Primary Bedroom Suite
  • Escondido Elementary School Rated A+
  • Private Pool
  • 4-minute walk to Bowden Park

About This Home

As of March 2022

Inviting & conveniently located near California Ave., this comfortable condo offers 2 bedroom suites plus a 1/2 bath in 1,290 sq. ft. Light & bright, the unit features new paint & flooring throughout. The combined living & dining room features new recessed lighting, designer chandelier, fireplace & sliding doors leading out to a nice size balcony. The kitchen has all new stainless-steel appliances, plentiful storage & window overlooking the community pool & spa. Upstairs the primary suite has double closets, dual vanities & soaking tub. The second suite has direct access to a 2nd balcony. Parking space & storage unit, both in the secured underground garage, accompany the unit. Only 2 blocks to wonderful dining & shopping along California Ave. & the Caltrain station for easy commuting. Students attend high-performing Escondido Elementary, Greene Middle & Palo Alto High. This condo is the complete package & ready for new owners to enjoy the epitome of Palo Alto living!

Last Agent to Sell the Property

Heng Seroff Group

Keller Williams Palo Alto License #70010137 Listed on: 01/26/2022

Last Buyer's Agent

Tamara Pulsts

Compass License #01914972

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,634

Year Built

  • 1993

Lot Details

  • End Unit
  • Southwest Facing Home
  • Security Fence

HOA Fees

  • $738 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Enclosed Parking
  • Electric Gate
  • Secured Garage or Parking

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,290 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Double Pane Windows
  • Garden Windows
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage Room
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Bathroom on Main Level
  • Dual Sinks
  • Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Balcony

Location

  • Unit is on the top floor

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat

Community Details

Overview

  • Association fees include common area electricity, exterior painting, fencing, garbage, hot water, insurance - common area, insurance - earthquake, insurance - hazard, insurance - liability, insurance - structure, landscaping / gardening, maintenance - common area, pool spa or tennis, reserves, roof, sewer, water
  • 141 Units
  • Palo Alto Central East Residential Association
  • The community has rules related to parking rules

Amenities

  • Elevator

Recreation

  • Community Pool

Pet Policy

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

Security

  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,634

Year Built

1993

Lot Details

0

HOA Fees

$738 per month

Parking

1

Listing Details

  • Zoning: RM40
  • Subclass: Condominium
  • Style: Contemporary
  • Restrictions: Guest Restrictions, Parking Restrictions, Pets - Cats Permitted, Pets - Dogs Permitted, Pets - Number Restrictions, Pets - Rules
  • Age: 29
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Min Numberof Unitsin Complex: 141
  • Structure Sq Ft: 1290
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1993

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining Area In Living Room
  • Kitchen: Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1290
  • Stories: 2
  • Security: Controlled / Secured Access, Secured Garage / Parking, Security Fence
  • Bedrooms: More Than One Primary Bedroom, Primary Suite / Retreate - 2+
  • Laundry: Dryer, Inside, Upper Floor, Washer
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Additional Rooms: Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Half On Ground Floor, Primary - Oversized Tub, Shower And Tub, Stall Shower, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Yes
  • Roof: Flat / Low Pitch, Tile
  • View: Neighborhood
  • Yard/Grounds: Balcony / Patio
  • Property Faces: Southwest
  • Pool: Community Facility, Pool - Fenced, Pool - In Ground
  • Construction Type: Stucco

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Assigned Spaces, Covered Parking, Electric Gate, Enclosed, Parking Restrictions, Underground Parking

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air, Fireplace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • Complex Name: Palo Alto Central East Resident.
  • HOA Fees: 738
  • HOA Amenities: Community Pool, 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, Exterior Painting, Fencing, Garbage, Hot Water, Insurance - Common Area, Insurance - Earthquake, Insurance - Hazard, Insurance - Liability, Insurance - Structure, Landscaping / Gardening, Maintenance - Common Area, Pool, Spa, Or Tennis, Reserves, Roof, Sewer, Water
  • HOA Exist: Yes
  • H O A Name Text: Palo Alto Central East Residential

Association/Amenities

  • Amenities Miscellaneous: Garden Window

Schools

  • School District: Palo Alto Unified
  • Elementary School: Escondido Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 313
  • Middle School: 329

Green Features

  • Energy Features: Double Pane Windows, Thermostat Controller

Multi Family

  • Utilities: 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, Bi/Split Level Unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2022
Closed on
Feb 17, 2022
Sold by
Yao Trust
Bought by
Oorebeek Joseph Mark and Oorebeek Hannah
Seller's Agent
Heng Seroff Group
Keller Williams Palo Alto
Buyer's Agent
Tamara Pulsts
Compass
List Price
$1,248,000
Sold Price
$1,480,000
Premium/Discount to List
$232,000
18.59%
Current Estimated Value
$1,286,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$193,048
Avg. Annual Appreciation
-3.80%
Original Mortgage
$1,106,000
Outstanding Balance
$1,028,731
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$258,221

Purchase Details

Closed on
Sep 29, 2015
Sold by
Chang Walter W
Bought by
Chang Walter W and The Walter & Jingmel Chang Family 2015 T

Purchase Details

Closed on
Jun 7, 2005
Sold by
Yao Erica C
Bought by
Yao Kung and Yao Mary Y

Purchase Details

Closed on
Jun 6, 2005
Sold by
Tien David
Bought by
Yao Erica C

Purchase Details

Closed on
Feb 12, 2004
Sold by
Brookes John T
Bought by
Chang Walter W and Yao Erica C

Purchase Details

Closed on
May 15, 2002
Sold by
Ai Weiyun Z
Bought by
Ai Chuan David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
6.62%

Purchase Details

Closed on
May 14, 2002
Sold by
Ai Chuan David
Bought by
Brookes John T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
6.62%

Purchase Details

Closed on
Dec 6, 1995
Sold by
Zhuang Wei Yun
Bought by
Ai Chuan David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,150
Interest Rate
7.47%

Purchase Details

Closed on
Oct 5, 1994
Sold by
Summerhill Palo Alto Ii Inc
Bought by
Ai Chuan David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,400
Interest Rate
8.55%
Source: Public Records

Range of Values:

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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
Oorebeek Joseph Mark $1,480,000 First American Title
Chang Walter W -- None Available
Yao Kung $369,000 --
Yao Erica C -- --
Chang Walter W $553,000 Stewart Title Of California
Ai Chuan David -- Chicago Title Co
Brookes John T -- Chicago Title Co
Ai Chuan David -- All Cal Title Company
Ai Chuan David $273,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oorebeek Joseph Mark $1,106,000
Previous Owner Brookes John T $416,000
Previous Owner Ai Chuan David $203,150
Previous Owner Ai Chuan David $218,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2022 03/07/22 Sold $1,480,000 +18.6% $1,147 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $1,248,000 -- $967 / 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 $13,634 $1,025,000 $512,500 $512,500
2024 $13,634 $1,085,000 $542,500 $542,500
2023 $13,858 $1,509,600 $754,800 $754,800
2022 $10,310 $787,344 $393,672 $393,672
2021 $10,107 $771,906 $385,953 $385,953
2020 $9,911 $763,992 $381,996 $381,996
2019 $9,798 $749,012 $374,506 $374,506
2018 $9,544 $734,326 $367,163 $367,163
2017 $9,376 $719,928 $359,964 $359,964
2016 $9,126 $705,812 $352,906 $352,906
2015 $9,033 $695,212 $347,606 $347,606
2014 $8,783 $681,594 $340,797 $340,797
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81875775

MLSListings

APN: 124-37-132