NOT LISTED FOR SALE

2585 Park Blvd Unit Z102 Palo Alto, CA 94306

Old Palo Alto Neighborhood

Estimated Value: $1,091,000 - $1,149,000

2 Beds
2 Baths
1,105 Sq Ft
1,481 Sq Ft Lot

Last Sold February 26, 2016

Last sale price $1,200,000 $1,086 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $7,110/month

8 Days on Market

Highlights

  • Private Pool
  • Gated Community
  • Elevator
  • Escondido Elementary School Rated A+
  • Sauna
  • 5-minute walk to Sarah Wallis Park

About This Home

As of February 2016

Awesome, Ready to move in, Highly sought after 2 Bedroom with 2 Full Baths ground floor, one level unit in Palo Alto Central. In unit laundry, Wood Burning fireplace in Living Room, Large patio for outdoor entertaining. Great location within the complex. Quiet interior yet easy access to pool, underground garage, and Park blvd. Walk to Cal Train and award winning restaurants and shops. Mollie Stones and weekly Farmers Market, within a few minutes stroll. Stanford campus within biking distance, free Stanford shuttle from right outside the complex. Secure, gated complex with gated underground parking access.

Last Agent to Sell the Property

Bela Shah

Bela Realty & Inv License #01100225 Listed on: 01/14/2016

Last Buyer's Agent

Joan Chintz

Keller Williams Palo Alto License #01064786

Keller Williams Palo Alto

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,399

Year Built

  • Built in 1993

Lot Details

  • 1,481

Parking

  • Subterranean Parking
  • Garage Door Opener

Home Design

  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,105 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Family or Dining Combination

Kitchen

  • Open to Family Room
  • Breakfast Bar

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • Private Pool
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 124-37-148

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include cable / dish, common area electricity, garbage, hot water, insurance - common area, maintenance - common area, management fee, pool spa or tennis, roof, water
  • Mb Homeowners Management Association
  • Built by Palo Alto Central

Amenities

  • Sauna
  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,399

Year Built

Built in 1993

Lot Details

0

Parking

1

Listing Details

  • Subclass: Condominium
  • Restrictions: Pets - Allowed
  • Age: 23
  • Listing Class: Residential
  • Structure Sq Ft: 1105
  • Complex Name: Palo Alto Central
  • Year Built: 1993
  • Zoning Description: RM40
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Wood Burning
  • Dining Room: Dining Area in Family Room, Dining Bar
  • Living Sq Ft: 1105
  • Stories: 1
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Community Facility
  • Roof: Tile
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Gate / Door Opener, Underground Parking

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 549
  • HOA Amenities: Additional Storage, Community Pool, Community Security Gate, Elevator, Sauna / Spa / Hot Tub
  • Association Fees Include: Cable / Dish, Common Area Electricity, Garbage, Hot Water, Insurance - Common Area, Maintenance - Common Area, Management Fee, Pool, Spa, or Tennis, Roof, Water
  • H O A Name Text: MB Homeowners Management
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Walk-in Closet

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 124-37-148
  • Lot Acres: 0.0340
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1498.46
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1498.46

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2020
Sold by
Mediavilla Alberto Herrero and Tatnoff Maura
Bought by
Mediavilla Alberto Herrero and Tamoff Maura
Current Estimated Value
$1,130,298

Purchase Details

Listed on
Jan 14, 2016
Closed on
Feb 17, 2016
Sold by
Khan Shiraz
Bought by
Mediavilla Alberto Herrero and Tarnoff Maura M
Seller's Agent
Bela Shah
Bela Realty & Inv
Buyer's Agent
Joan Chintz
Keller Williams Palo Alto
List Price
$998,888
Sold Price
$1,200,000
Premium/Discount to List
$201,112
20.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.62%
Original Mortgage
$900,000
Outstanding Balance
$716,765
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$413,533

Purchase Details

Closed on
Apr 16, 2015
Sold by
Khan Shiraz
Bought by
Khan Shiraz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2013
Sold by
Khan Shiraz
Bought by
Khan Shiraz

Purchase Details

Closed on
Apr 30, 2008
Sold by
Thomas Robert W and Hernandez Michelle
Bought by
Khan Shiraz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 1996
Sold by
Gail Knight and Francis Thomas
Bought by
Thomas Robert W and Hernandez Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
8%

Purchase Details

Closed on
Dec 13, 1994
Sold by
Summerhill Palo Alto Ii Inc
Bought by
Knight Gail
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
Mediavilla Alberto Herrero -- None Available
Mediavilla Alberto Herrero $1,200,000 First American Title Company
Khan Shiraz -- First American Title Company
Khan Shiraz -- First American Title Company
Khan Shiraz -- None Available
Khan Shiraz $675,000 First American Title Co
Thomas Robert W $280,000 Santa Clara Land Title Co
Knight Gail $274,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mediavilla Alberto Herrero $900,000
Previous Owner Khan Shiraz $375,000
Previous Owner Khan Shiraz $380,000
Previous Owner Thomas Robert W $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2016 02/26/16 Sold $1,200,000 +20.1% $1,086 / Sq Ft
01/23/2016 01/23/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $998,888 -- $904 / 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 $13,399 $1,100,000 $550,000 $550,000
2024 $13,399 $1,392,696 $696,348 $696,348
2023 $16,990 $1,365,390 $682,695 $682,695
2022 $16,790 $1,338,618 $669,309 $669,309
2021 $16,458 $1,312,372 $656,186 $656,186
2020 $16,126 $1,298,916 $649,458 $649,458
2019 $15,944 $1,273,448 $636,724 $636,724
2018 $15,514 $1,248,480 $624,240 $624,240
2017 $15,241 $1,224,000 $612,000 $612,000
2016 $9,632 $748,964 $374,482 $374,482
2015 $9,534 $737,714 $368,857 $368,857
2014 -- $723,264 $361,632 $361,632
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Bela Shah

    Bela Realty & Inv

    (510) 490-9939

    29 Total Sales

    Bela Shah
    Section Image

  • J

    Buyer's Agent in 2016

    Joan Chintz

    Keller Williams Palo Alto

    Section Image
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Map

Source: MLSListings

MLS Number: ML81547088

MLSListings

APN: 124-37-148

California Santa Clara County Palo Alto 94306 Old Palo Alto

2585 Park Blvd Unit Z102, Palo Alto, CA

This home is located at 2585 Park Blvd Unit Z102, Palo Alto, CA 94306 since 14 January 2016 and is currently estimated at $1,130,298, approximately $1,022 per square foot. This property was built in 1993. 2585 Park Blvd Unit Z102 is a home located in Santa Clara County with nearby schools including Escondido Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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