NOT LISTED FOR SALE

315 Homer Ave Unit 104 Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $2,199,105 - $3,018,000

2 Beds
2 Baths
1,529 Sq Ft
1,176 Sq Ft Lot

Last Sold November 14, 2013

Last sale price $1,710,000 $1,118 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $16,351/month

9 Days on Market

Highlights

  • Primary Bedroom Suite
  • City Lights View
  • Living Room with Fireplace
  • Addison Elementary School Rated A+
  • Contemporary Architecture
  • 1-minute walk to Heritage Park

About This Home

As of November 2013

Stylish ground floor unit in desirable Weatherly complex. Spacious living room. Brand new custom made window coverings and new paint. Hardwood flooring. Gourmet kitchen with top of the line appliances. . Overlooks Heritage Park, within walking distance to downtown Palo Alto, Whole Foods market, shopping and eateries. Move in ready and fully furnished; furniture sold separately.

Last Agent to Sell the Property

Marina Man

Keller Williams Realty License #01886551 Listed on: 10/27/2013

Keller Williams Realty

Last Buyer's Agent

Steve Pierce

Zane MacGregor & Company License #00871571

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,108

Year Built

  • Built in 2004

Lot Details

  • 1,176

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,529 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Marble Flooring
  • City Lights Views

Kitchen

  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • Subterranean Parking
  • Garage Door Opener
  • Guest Parking

Utilities

  • Forced Air Heating and Cooling System
  • Thermostat
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number 120-48-023

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include hot water, landscaping / gardening, management fee, reserves, roof, garbage, insurance - common area, insurance - earthquake
  • Community Management Services Association

Amenities

  • Elevator
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$25,108

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Subclass: Condominium
  • Style: Contemporary
  • Age: 9
  • Sale Price Per Sq Ft: 1118.38
  • Listing Class: Residential
  • Maximum Unit Floor Number: 1
  • Maximum Unit Levels: 1
  • Max Numberof Unitsin Building: 50
  • Structure Sq Ft: 1529
  • Builder Architect: SummerHill
  • Incorporated: Yes
  • Map Book Page: 790
  • Map Side Coordinate: 4
  • Map Top Coordinate: J
  • Thomas Bros Page: 790
  • Thomas Brothers: J4
  • Year Built: 2004
  • Zoning Description: RM3
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Yes, Gas Starter
  • Dining Room: Dining Area in Living Room, No Informal Dining Room
  • Kitchen: Dishwasher, Cooktop, Garbage Disposal, Refrigerator, Microwave, Oven - Built-In, 220 Volt Outlet, Hookups - Gas
  • Living Sq Ft: 1529
  • Stories: 1
  • Security: Security Gate
  • Bedrooms: Primary Suite / Retreat
  • Laundry: In Laundry Room, Dryer, Washer, 220 Volt Outlet
  • Flooring: Carpet - Area, Hardwood - Partial, Marble
  • Maximum Bathrooms: 2
  • Maximum Numberof Bedrooms: 2
  • Minimum Bathrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Tubs - 2+, Stall Shower

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition
  • View: Local/Neighborhood, City Lights

Garage/Parking

  • Garage Parking Features: Gate / Door Opener, Guest / Visitor Parking, Underground Parking
  • Carport Min: 2

Utilities

  • Cooling System: Central AC
  • Heating System: Forced Air

Condo/Co-op/Association

  • HOA Fees: 750
  • HOA Amenities: Additional Storage, Elevator
  • HOA Documents: Articles of Incorporation, Bylaws, Budget
  • Association Fees Include: Hot Water, Landscaping / Gardening, Management Fee, Reserves, Roof, Garbage, Insurance - Common Area, Insurance - Earthquake
  • H O A Name Text: Community Management Services
  • Levels In Unit: 1
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Window Covering(s), Double Pane Windows(s), High Ceiling, Balcony/Patio

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 120-48-023
  • Lot Location: Corner
  • List Price per Sq Ft: 1007.19
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1307.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 1307.00
  • Lot Size Area Min Search: 1307.00
  • Maximum Lot Size: 1307.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Green Features

  • Energy Features: Double Pane Windows, Thermostat Controller

Multi Family

  • Maximum Building Height: 3
  • Minimum Building Height: 1

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2013
Closed on
Nov 12, 2013
Sold by
Lin Steven Yu Ta and Lin Annie Quoc Thy Nguyen
Bought by
Compton Mary Ida
Seller's Agent
Marina Man
Keller Williams Realty
Buyer's Agent
Steve Pierce
Zane MacGregor & Company
List Price
$1,540,000
Sold Price
$1,710,000
Premium/Discount to List
$170,000
11.04%
Current Estimated Value
$2,617,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$907,028
Avg. Annual Appreciation
3.44%
Original Mortgage
$991,250
Interest Rate
4.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Oct 27, 2013
Closed on
Sep 24, 2013
Sold by
Lin Steven Yu Ta
Bought by
Lin Steven Yu Ta and Lin Annie Quoc Thy Nguyen
Seller's Agent
Marina Man
Keller Williams Realty
Buyer's Agent
Steve Pierce
Zane MacGregor & Company
List Price
$1,540,000
Sold Price
$1,710,000
Premium/Discount to List
$170,000
11.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$991,250
Interest Rate
4.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 2, 2007
Sold by
Elliott Karen
Bought by
Lin Steven Yu Ta

Purchase Details

Closed on
Mar 8, 2004
Sold by
Summerhill Channing Llc
Bought by
Elliot Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Compton Mary Ida $1,710,000 Old Republic Title Company
Lin Steven Yu Ta -- Chicago Title Company
Lin Steven Yu Ta -- Financial Title Company
Elliot Karen $925,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lin Steven Yu Ta $991,250
Previous Owner Elliot Karen $500,000
Previous Owner Elliott Karen $625,000
Previous Owner Elliott Karen $150,000
Previous Owner Elliot Karen $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2013 11/14/13 Sold $1,710,000 +11.0% $1,118 / Sq Ft
11/05/2013 11/05/13 Pending -- -- --
10/27/2013 10/27/13 For Sale $1,540,000 -- $1,007 / 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 $25,108 $2,096,214 $1,048,107 $1,048,107
2024 $25,108 $2,055,112 $1,027,556 $1,027,556
2023 $25,108 $2,014,816 $1,007,408 $1,007,408
2022 $24,452 $1,975,310 $987,655 $987,655
2021 $23,972 $1,936,580 $968,290 $968,290
2020 $23,481 $1,916,724 $958,362 $958,362
2019 $23,221 $1,879,142 $939,571 $939,571
2018 $22,587 $1,842,298 $921,149 $921,149
2017 $22,192 $1,806,176 $903,088 $903,088
2016 $21,610 $1,770,762 $885,381 $885,381
2015 $21,399 $1,744,164 $872,082 $872,082
2014 $20,949 $1,710,000 $855,000 $855,000
Source: Public Records

Agents Affiliated with this Home

  • Marina Man

    Seller's Agent in 2013

    Marina Man

    Keller Williams Realty

    (925) 413-9898

    2 Total Sales

    Section Image

  • S

    Buyer's Agent in 2013

    Steve Pierce

    Zane MacGregor & Company

    Section Image
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Map

Source: MLSListings

MLS Number: ML81339422

MLSListings

APN: 120-48-023

California Santa Clara County Palo Alto 94301 University South

315 Homer Ave Unit 104, Palo Alto, CA

This home is located at 315 Homer Ave Unit 104, Palo Alto, CA 94301 since 27 October 2013 and is currently estimated at $2,588,035, approximately $1,692 per square foot. This property was built in 2004. 315 Homer Ave Unit 104 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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