NOT LISTED FOR SALE

260 Homer Ave Unit 302 Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $2,960,000 - $8,542,632

2 Beds
2.5 Baths
3,516 Sq Ft
$2,059/mo HOA Fee

Last Sold December 16, 2020

Last sale price $8,350,000 $2,375 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $36,761/month

11 Days on Market

Highlights

  • Den
  • Subterranean Parking
  • Combination Dining and Living Room
  • Addison Elementary School Rated A+
  • Forced Air Heating and Cooling System
  • 3-minute walk to Heritage Park

About This Home

As of December 2020

Rare penthouse residence in downtown Palo Alto. 3,517 sf living space and an additional 4,025 sf private terrace outfitted with a high-end sound system, beautiful lighting, fire pits and fountain for indoor/outdoor California living. Entertain in style with an impressive great room with double-sided fireplace, climate-controlled wine room, well-appointed outdoor kitchen and multiple dining and seating areas on the terrace. The stylish kitchen features premium appliances, limestone countertops and sleek SieMatic cabinetry. The main suite and guest bedroom provide luxury accommodations to residents and visitors alike, each with access to outdoor deck space. The office/den is perfect for working from home. Automatic shades, sound, HVAC, lighting and televisions all conveniently operated by a newly upgraded Control 4 system. 4 parking spaces and an impressive 2,200-bottle wine cellar are found in the building's secure underground garage. An exceptional property in a premier location.

Last Agent to Sell the Property

Michael Dreyfus

Golden Gate Sotheby's International Realty License #01121795 Listed on: 11/11/2020

Golden Gate Sotheby's International Realty

Co-Listed By

Stephanie Von Thaden

Golden Gate Sotheby's International Realty License #01950203

Last Buyer's Agent

Bradley Smith

Pacific Peninsula Group License #01075230

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $33,043

Year Built

  • 2009

Lot Details

  • 2,744

HOA Fees

  • $2,059 Monthly HOA Fees

Parking

  • Subterranean Parking

Home Design

  • Pillar, Post or Pier Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,516 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace
  • Combination Dining and Living Room
  • Den

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Association fees include exterior painting, garbage, insurance - common area, landscaping / gardening, reserves, roof, water
  • 260 Homer Condominium Owners Association

Property Details

Home Type

Condominium

Est. Annual Taxes

$33,043

Year Built

2009

Lot Details

0

HOA Fees

$2,059 per month

Parking

4

Listing Details

  • Zoning: RM3
  • Subclass: Condominium
  • Age: 11
  • Listing Class: Residential
  • Structure Sq Ft: 3516
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2009

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Log
  • Dining Room: Dining Area In Living Room
  • Fireplace: Yes
  • Living Sq Ft: 3516
  • Stories: 1
  • Additional Rooms: Den / Study / Office
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Foundation Pillars

Garage/Parking

  • Garage Spaces: 4
  • Garage Max: 4
  • Garage Min: 4
  • Garage Parking Features: Underground Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 2059
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Exterior Painting, Garbage, Insurance - Common Area, Landscaping / Gardening, Reserves, Roof, Water
  • HOA Exist: Yes
  • H O A Name Text: 260 Homer Condominium Owners Association

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

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Dec 11, 2020
Sold by
Bullock Benjamin Dure and The Henry D Bullock Revocable
Bought by
Ackley Stephen M and Ackley Maryan M
Seller's Agent
Michael Dreyfus
Golden Gate Sotheby's International Realty
Buyer's Agent
Bradley Smith
Pacific Peninsula Group
List Price
$9,995,000
Sold Price
$8,350,000
Premium/Discount to List
-$1,645,000
-16.46%
Current Estimated Value
$5,863,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,486,592
Avg. Annual Appreciation
-5.88%

Purchase Details

Closed on
Oct 31, 2012
Sold by
Privatstiftung Rokon
Bought by
Bullock Henry D

Purchase Details

Closed on
Jun 10, 2010
Sold by
Scharf Roman
Bought by
Privatstiftung Rokon
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
Ackley Stephen M $8,350,000 Chicago Title Company
Bullock Henry D $5,499,750 First American Title Company
Privatstiftung Rokon -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ackley Stephen M $3,000,000
Previous Owner Privatstiftung Rokon $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $8,350,000 -16.5% $2,375 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $9,995,000 -- $2,843 / 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 $33,043 $2,779,980 $878,578 $1,901,402
2024 $33,043 $2,725,471 $861,351 $1,864,120
2023 $32,556 $2,672,031 $844,462 $1,827,569
2022 $32,176 $2,619,639 $827,904 $1,791,735
2021 $85,748 $7,115,000 $3,557,500 $3,557,500
2020 $73,947 $6,192,910 $3,096,455 $3,096,455
2019 $73,143 $6,071,482 $3,035,741 $3,035,741
2018 $71,114 $5,952,434 $2,976,217 $2,976,217
2017 $69,870 $5,835,720 $2,917,860 $2,917,860
2016 $68,050 $5,721,296 $2,860,648 $2,860,648
2015 $67,401 $5,635,358 $2,817,679 $2,817,679
2014 $66,212 $5,524,970 $2,762,485 $2,762,485
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Dreyfus

    Golden Gate Sotheby's International Realty

    Section Image
  • Stephanie Von Thaden

    Seller Co-Listing Agent in 2020

    Stephanie Von Thaden

    Golden Gate Sotheby's International Realty

    (650) 868-2902

    1 in this area

    11 Total Sales

    Stephanie Von Thaden
    Section Image
  • Bradley Smith

    Buyer's Agent in 2020

    Bradley Smith

    Pacific Peninsula Group

    (650) 324-4042

    1 in this area

    7 Total Sales

    Bradley Smith
    Section Image
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Map

Source: MLSListings

MLS Number: ML81819953

MLSListings

APN: 120-28-120

California Santa Clara County Palo Alto 94301 University South

260 Homer Ave Unit 302, Palo Alto, CA

This home is located at 260 Homer Ave Unit 302, Palo Alto, CA 94301 since 11 November 2020 and is currently estimated at $5,863,408, approximately $1,667 per square foot. This property was built in 2009. 260 Homer Ave Unit 302 is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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