NOT LISTED FOR SALE

315 Homer Ave Unit 207 Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $2,085,000 - $2,605,000

2 Beds
2 Baths
1,522 Sq Ft
$896/mo HOA Fee

Last Sold July 07, 2023

Last sale price $2,341,000 $1,538 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $16,692/month

12 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Bathtub with Shower
  • Addison Elementary School Rated A+
  • Walk-In Closet
  • 1-minute walk to Heritage Park

About This Home

As of July 2023

Welcome to 315 Homer Avenue #207, a stunning residence nestled in the heart of Palo Alto, CA. This inviting property offers the perfect balance of comfort and convenience. With its beautiful design, spacious layout, and abundant natural light, this home creates an ambiance of tranquility and elegance. The well-appointed kitchen features top-of-the-line appliances. Retreat to the luxurious master suite with a private balcony, offering a serene space to unwind. Enjoy the vibrant neighborhood, with trendy shops, gourmet dining, and recreational parks just moments away. With easy access to major highways and top-rated schools, this is a great chance to own a home in the highly desired Weatherly building.

Last Agent to Sell the Property

Maria Duong

Fifty Hills Real Estate License #02150503 Listed on: 06/18/2023

Last Buyer's Agent

Bernie Leung

Compass License #02002288

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $28,465

Year Built

  • Built in 2004

Lot Details

  • 1,176

HOA Fees

  • $896 Monthly HOA Fees

Parking

  • 2 Car Garage

Interior Spaces

  • 1,522 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower
  • Walk-in Shower

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 120-48-035

Community Details

Overview

  • Association fees include common area electricity, garbage, maintenance - common area, maintenance - exterior, water / sewer
  • The Weatherly Association
  • Built by The Weatherly at University Park

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$28,465

Year Built

Built in 2004

Lot Details

0

HOA Fees

$896 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Restrictions: Age - No Restrictions, Pets - Allowed
  • Age: 19
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Structure Sq Ft: 1522
  • Complex Name: The Weatherly at University Park
  • Year Built: 2004
  • Zoning Description: RM3
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace: Gas Burning
  • Dining Room: Eat in Kitchen
  • Kitchen: Dishwasher, Freezer, Garbage Disposal, Hood Over Range, Hookups - Gas, Ice Maker, Microwave, Oven Range - Built-In, Refrigerator
  • Living Sq Ft: 1522
  • Stories: 1
  • Bedrooms: Walk-in Closet
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Oversized Tub, Shower and Tub, Stall Shower, Tub, Tub in Primary Bedroom
  • Fireplace: Yes

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Assigned Spaces, Covered Parking, Underground Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 896
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Garbage, Maintenance - Common Area, Maintenance - Exterior, Water / Sewer
  • H O A Name Text: The Weatherly
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Walk-in Closet

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309

Lot Info

  • Parcel Number: 120-48-035

Multi Family

  • Maximum Building Height: 4
  • Minimum Building Height: 4

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Addison Elementary
  • High School Text: Palo Alto High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2024
Sold by
Wu Kuo Wei and Shao-Shyan Lin
Bought by
Kuo Wei Wu And Shao-Shyan Lin Wu Family Trust and Wu
Total Days on Market
12
Current Estimated Value
$2,391,329

Purchase Details

Closed on
Feb 20, 2019
Sold by
Schwab David C
Bought by
Schwab David C and The David C Schwab Trust

Purchase Details

Closed on
Feb 19, 2013
Sold by
Schwab David C
Bought by
Schwab David C

Purchase Details

Closed on
Jun 7, 2011
Sold by
Schwab David C
Bought by
Schwab David C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$894,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2006
Sold by
Cohen Anh
Bought by
Schwab David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$928,000
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 8, 2006
Sold by
Kumar Vinay
Bought by
Schwab David C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$928,000
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 15, 2006
Sold by
Nevatia Vinay Kumar and Srinivasan Vijayashree
Bought by
Kumar Vinay and Srinivasan Vijayashree

Purchase Details

Closed on
Nov 4, 2004
Sold by
Srinivasan Vijayashree
Bought by
Nevatia Vinay Kumar and Srinivasan Vijayashree
Source: Public Records

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Range of Values:

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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
Kuo Wei Wu And Shao-Shyan Lin Wu Family Trust -- None Listed On Document
Schwab David C -- None Available
Schwab David C -- None Available
Schwab David C -- Fidelity National Title Co
Schwab David -- First American Title Ins Co
Schwab David C $1,160,000 First American Title Ins Co
Kumar Vinay -- None Available
Nevatia Vinay Kumar -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schwab David C $894,000
Previous Owner Schwab David $928,000
Previous Owner Srinivasan Vijayashree $109,958
Previous Owner Nevatia Vinay Kumar $960,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2023 07/07/23 Sold $2,341,000 +8.9% $1,538 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
06/18/2023 06/18/23 For Sale $2,150,000 -- $1,413 / 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
2024 $28,465 $2,341,000 $1,170,500 $1,170,500
2023 $18,941 $1,523,670 $761,835 $761,835
2022 $18,720 $1,493,796 $746,898 $746,898
2021 $18,352 $1,464,506 $732,253 $732,253
2020 $17,981 $1,449,490 $724,745 $724,745
2019 $17,780 $1,421,070 $710,535 $710,535
2018 $17,300 $1,393,206 $696,603 $696,603
2017 $16,997 $1,365,890 $682,945 $682,945
2016 $16,550 $1,339,108 $669,554 $669,554
2015 $16,387 $1,318,994 $659,497 $659,497
2014 $16,018 $1,293,158 $646,579 $646,579
Source: Public Records

Agents Affiliated with this Home

  • Maria Duong

    Seller's Agent in 2023

    Maria Duong

    Fifty Hills Real Estate

    (619) 573-2556

    2 in this area

    26 Total Sales

    Maria Duong
    Section Image

  • B

    Buyer's Agent in 2023

    Bernie Leung

    Compass

    (650) 543-8500

    1 in this area

    21 Total Sales

    Bernie Leung
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81931496

MLSListings

APN: 120-48-035

California Santa Clara County Palo Alto 94301 University South

315 Homer Ave Unit 207, Palo Alto, CA

This home is located at 315 Homer Ave Unit 207, Palo Alto, CA 94301 since 18 June 2023 and is currently estimated at $2,391,329, approximately $1,571 per square foot. This property was built in 2004. 315 Homer Ave Unit 207 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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