NOT LISTED FOR SALE

315 Homer Ave Unit 307 Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $2,196,541 - $2,485,000

2 Beds
2 Baths
1,522 Sq Ft
$959/mo HOA Fee

Last Sold July 09, 2024

Last sale price $2,300,000 $1,511 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $16,182/month

62 Days on Market

Highlights

  • Primary Bedroom Suite
  • Soaking Tub in Primary Bathroom
  • Garden View
  • Addison Elementary School Rated A+
  • Wood Flooring
  • 1-minute walk to Heritage Park

About This Home

As of July 2024

Experience sophisticated urban living in this elegant 2 bed, 2 bath top-floor unit, with 1522+/-sqft of living space, huge living room with gas fireplace, formal dining room, and chef's kitchen with high end appliances and breakfast bar. Primary suite features a spacious spa inspired bathroom, large walk-in closet, and patio offering serene views of the greenbelt below. Upgrades include new carpet, fresh paint, new Bosch dishwasher, updated kitchen and bathroom hardware and faucets, and new energy-efficient lighting throughout. Other features include A/C, in unit laundry, 2 deeded parking spaces, and storage locker. The Weatherly Community is impeccably well maintained with lush gardens and peaceful water features. Located just 3 blocks from University Ave and across the street from Heritage Park, this home offers the best of downtown living. Immerse yourself in a lifestyle of luxury and convenience close to shops, restaurants, parks, public transportation, and amazing schools (buyer to verify).

Last Agent to Sell the Property

Carol Borison

Compass License #01880666 Listed on: 04/04/2024

Compass

Last Buyer's Agent

M.D. Jaco

Investment Capital Partners License #00783062

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $28,453

Year Built

  • Built in 2004

Lot Details

  • 1,559

HOA Fees

  • $959 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Electric Gate
  • Secured Garage or Parking
  • On-Street Parking
  • Off-Street Parking

Property Views

  • Garden
  • Neighborhood

Home Design

  • Reinforced Concrete Foundation
  • Shingle Roof

Interior Spaces

  • 1,522 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Den

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Stone Countertops In Bathroom
  • Granite Bathroom Countertops
  • Dual Sinks
  • Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Intercom

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 120-48-044

Community Details

Overview

  • Association fees include cable / dish, common area electricity, decks, exterior painting, garbage, insurance - common area, landscaping / gardening, maintenance - common area
  • 30 Units
  • Weatherly At University Park HOA
  • Built by Weatherly at University Park

Security

  • Controlled Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$28,453

Year Built

Built in 2004

Lot Details

0

HOA Fees

$959 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Age: 20
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 30
  • Structure Sq Ft: 1522
  • Complex Name: Weatherly at University Park
  • Year Built: 2004
  • Zoning Description: RM3
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning, Living Room
  • Dining Room: Breakfast Bar, Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven - Built-In, Oven - Electric, Refrigerator
  • Living Sq Ft: 1522
  • Stories: 1
  • Security: Controlled / Secured Access, Fire Alarm, Fire System - Sprinkler, Secured Garage / Parking
  • Bedrooms: Primary Suite / Retreat, Walk-in Closet
  • Laundry: Dryer, Electricity Hookup (110V), Electricity Hookup (220V), Gas Hookup, Inside, Washer
  • Flooring: Carpet, Hardwood, Stone
  • Additional Rooms: Office Area
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Granite, Primary - Oversized Tub, Shower and Tub, Stall Shower, Stone, Tubs - 2+
  • Fireplace: Yes

Exterior Features

  • Foundation: Reinforced Concrete
  • Roof: Shingle
  • View: Garden / Greenbelt, Neighborhood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Assigned Spaces, Electric Gate, Off-Street Parking, On Street, Underground Parking

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air - Gas, Fireplace
  • Sewer/Septic System: Sewer - Private, Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 959
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement, Minutes, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Cable / Dish, Common Area Electricity, Decks, Exterior Painting, Garbage, Insurance - Common Area, Landscaping / Gardening, Maintenance - Common Area
  • H O A Name Text: Weatherly at University Park HOA
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Security Gate, Walk-in Closet

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

Lot Info

  • Parcel Number: 120-48-044
  • Lot Acres: 0.0358
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1560.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1560.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Addison Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Frank S. Greene Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2024
Closed on
Jul 1, 2024
Sold by
Garrett Marital Trust and Garrett Joseph R
Bought by
Tittle Linda Kay
Seller's Agent
Carol Borison
Compass
Buyer's Agent
M.D. Jaco
Investment Capital Partners
List Price
$2,350,000
Sold Price
$2,300,000
Premium/Discount to List
-$50,000
-2.13%
Views
43
Current Estimated Value
$2,377,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,135
Avg. Annual Appreciation
2.86%
Original Mortgage
$1,150,000
Outstanding Balance
$1,135,280
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$1,241,855

Purchase Details

Closed on
May 12, 2009
Sold by
Fong May and Bradbury George L
Bought by
Stubenberg Rosalind

Purchase Details

Closed on
Mar 6, 2007
Sold by
Bradbury George Laurel and Fong May
Bought by
Fong May and Bradbury George L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 8, 2007
Sold by
Prudential Relocation Inc
Bought by
Bradbury George L and Fong May

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 1, 2007
Sold by
Zhang Xiaonan
Bought by
Prudential Relocation Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$859,500
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2004
Sold by
Summerhill Channing Llc
Bought by
Zhang Xiaonan and Wu Xiaolan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Interest Rate
3.87%
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
Tittle Linda Kay $2,300,000 Chicago Title Company
Stubenberg Rosalind -- Old Republic Title Company
Fong May -- None Available
Bradbury George L $1,264,000 Fidelity National Title Co
Prudential Relocation Inc -- Fidelity National Title Co
Zhang Xiaonan $930,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tittle Linda Kay $1,150,000
Previous Owner Bradbury George L $150,000
Previous Owner Bradbury George L $859,500
Previous Owner Wu Xiaolan $349,300
Previous Owner Zhang Xiaonan $250,000
Previous Owner Zhang Xiaonan $670,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2024 07/09/24 Sold $2,300,000 -2.1% $1,511 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $2,350,000 -- $1,544 / 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 $28,453 $2,300,000 $1,150,000 $1,150,000
2024 $28,453 $2,340,000 $1,170,000 $1,170,000
2023 $20,597 $1,670,960 $835,480 $835,480
2022 $20,356 $1,638,198 $819,099 $819,099
2021 $19,955 $1,606,078 $803,039 $803,039
2020 $19,548 $1,589,610 $794,805 $794,805
2019 $19,329 $1,558,442 $779,221 $779,221
2018 $18,804 $1,527,886 $763,943 $763,943
2017 $18,473 $1,497,928 $748,964 $748,964
2016 $17,986 $1,468,558 $734,279 $734,279
2015 $17,808 $1,446,500 $723,250 $723,250
2014 $17,414 $1,418,166 $709,083 $709,083
Source: Public Records

Agents Affiliated with this Home

  • Carol Borison

    Seller's Agent in 2024

    Carol Borison

    Compass

    (650) 303-9569

    1 in this area

    41 Total Sales

    Carol Borison
    Section Image

  • M

    Buyer's Agent in 2024

    M.D. Jaco

    Investment Capital Partners

    (650) 743-2444

    8 in this area

    12 Total Sales

    M.D. Jaco
    Section Image
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Map

Source: MLSListings

MLS Number: ML81959276

MLSListings

APN: 120-48-044

California Santa Clara County Palo Alto 94301 University South

315 Homer Ave Unit 307, Palo Alto, CA

This home is located at 315 Homer Ave Unit 307, Palo Alto, CA 94301 since 04 April 2024 and is currently estimated at $2,377,135, approximately $1,561 per square foot. This property was built in 2004. 315 Homer Ave Unit 307 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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