NOT LISTED FOR SALE

358 Grant Ave Palo Alto, CA 94306

Old Palo Alto Neighborhood

Estimated Value: $1,057,000 - $1,637,000

2 Beds
1 Bath
899 Sq Ft
$481/mo HOA Fee

Last Sold October 27, 2017

Last sale price $1,250,000 $1,390 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,682/month

7 Days on Market

Highlights

  • Balcony
  • Breakfast Bar
  • Secured Garage or Parking
  • Escondido Elementary School Rated A+
  • Bathtub with Shower
  • 1-minute walk to Sarah Wallis Park

About This Home

As of October 2017

This light and bright top-floor two bedroom, one bathroom condo offers the perfect combination of comfort and convenience. Highlights of the home include updated countertops, stainless steel appliances, new paint, and laminate floors. Experience indoor-outdoor living on the balcony or take a quick stroll to the California Avenue downtown districts wide variety of restaurants and shops. Located near top-rated Palo Alto schools, and minutes away from major commute routes and Caltrain. Also includes secure parking, generous storage, and in-unit laundry. Live in comfort and enjoy convenient access to the best that Palo Alto and Stanford have to offer!

Last Agent to Sell the Property

Ray Hogue

Compass License #01980343 Listed on: 09/19/2017

Compass

Co-Listed By

Derk T. Brill

Compass License #01256035

Last Buyer's Agent

Daniel Xi

Legend Real Estate & Finance License #01952134

Legend Real Estate & Finance

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,131

Year Built

  • Built in 1983

Lot Details

  • Mostly Level
  • Drought Tolerant Landscaping
  • Grass Covered Lot

HOA Fees

  • $481 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Secured Garage or Parking

Home Design

  • Slab Foundation
  • Stucco

Interior Spaces

  • 899 Sq Ft Home
  • 1-Story Property
  • Dining Area

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Electric Dryer Hookup

Home Security

Additional Features

  • Balcony
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 124-36-029

Community Details

Overview

  • Association fees include common area electricity, garbage, insurance - common area, insurance - earthquake, landscaping / gardening, maintenance - common area, maintenance - exterior, management fee, reserves, roof, water
  • Birch Court Association

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,131

Year Built

Built in 1983

Lot Details

0

HOA Fees

$481 per month

Parking

1

Listing Details

  • Subclass: Condominium
  • Age: 34
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Max Numberof Unitsin Building: 40
  • Structure Sq Ft: 899
  • Year Built: 1983
  • Zoning Description: RM5
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 899
  • Stories: 1
  • Security: Fire System - Sprinkler, Secured Garage / Parking
  • Laundry: Electricity Hookup (110V), Inside
  • Flooring: Laminate, Vinyl / Linoleum
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Shower over Tub - 1

Exterior Features

  • Foundation: Concrete Slab
  • Yard/Grounds: Balcony / Patio, Drought Tolerant Plants, Low Maintenance
  • Construction Type: Stucco

Garage/Parking

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

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 481
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Garbage, Insurance - Common Area, Insurance - Earthquake, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Reserves, Roof, Water
  • H O A Name Text: Birch Court Association
  • H O A Exist: Yes

Schools

  • School District: Palo Alto Unified
  • Elementary School: Escondido Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 313
  • Middle School: 329

Lot Info

  • Lot Description: Grade - Mostly Level
  • Parcel Number: 124-36-029
  • Lot Acres: 0.0184
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 800.00

Multi Family

  • Utilities: Individual Electric Meters
  • Maximum Building Height: 2
  • Minimum Building Height: 2

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Escondido Elementary
  • High School Text: Palo Alto High
  • Middle School Text: David Starr Jordan Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2017
Closed on
Oct 16, 2017
Sold by
Lama Norzin L and Lama Tsheyang T
Bought by
Chen Mingqing
Seller's Agent
Ray Hogue
Compass
Buyer's Agent
Daniel Xi
Legend Real Estate & Finance
List Price
$998,000
Sold Price
$1,250,000
Premium/Discount to List
$252,000
25.25%
Current Estimated Value
$1,322,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,153
Avg. Annual Appreciation
0.72%
Original Mortgage
$865,500
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 20, 2017
Sold by
Lama Norzin L
Bought by
Lama Norzin L and Lama Tsheyang T

Purchase Details

Closed on
May 22, 2003
Sold by
Lama Norzin L
Bought by
Lama Norzin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.75%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 22, 2002
Sold by
Lama Sonam T
Bought by
Lama Norzin L

Purchase Details

Closed on
Jul 13, 1995
Sold by
Demian Elaine M
Bought by
Lama Sonam T and Lama Norzin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
7.74%
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
Chen Mingqing $1,250,000 Chicago Title Company
Lama Norzin L -- None Available
Lama Norzin L -- Financial Title Company
Lama Norzin L -- --
Lama Sonam T $181,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Mingqing $740,000
Closed Chen Mingqing $865,500
Previous Owner Lama Norzin L $420,000
Previous Owner Lama Norzin L $337,500
Previous Owner Lama Sonam T $78,000
Previous Owner Lama Sonam T $173,526
Previous Owner Lama Sonam T $165,000
Previous Owner Lama Sonam T $163,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2017 10/27/17 Sold $1,250,000 +25.3% $1,390 / Sq Ft
09/27/2017 09/27/17 Pending -- -- --
09/19/2017 09/19/17 For Sale $998,000 -- $1,110 / 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 $12,131 $1,040,000 $520,000 $520,000
2024 $12,131 $950,000 $475,000 $475,000
2023 $12,170 $950,000 $475,000 $475,000
2022 $12,759 $1,056,900 $528,400 $528,500
2021 $12,740 $1,150,300 $575,100 $575,200
2020 $14,844 $1,300,500 $650,250 $650,250
2019 $16,045 $1,275,000 $637,500 $637,500
2018 $15,614 $1,250,000 $625,000 $625,000
2017 $3,860 $259,428 $129,714 $129,714
2016 $3,753 $254,342 $127,171 $127,171
2015 $3,709 $250,522 $125,261 $125,261
2014 $3,543 $245,616 $122,808 $122,808
Source: Public Records

Agents Affiliated with this Home

  • Ray Hogue

    Seller's Agent in 2017

    Ray Hogue

    Compass

    (650) 964-3722

    1 in this area

    23 Total Sales

    Ray Hogue
    Section Image
  • Derk T. Brill

    Seller Co-Listing Agent in 2017

    Derk T. Brill

    Compass

    (650) 543-1117

    1 in this area

    34 Total Sales

    Derk T. Brill
    Section Image

  • D

    Buyer's Agent in 2017

    Daniel Xi

    Legend Real Estate & Finance

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81678457

MLSListings

APN: 124-36-029

California Santa Clara County Palo Alto 94306 Old Palo Alto

358 Grant Ave, Palo Alto, CA

This home is located at 358 Grant Ave, Palo Alto, CA 94306 since 19 September 2017 and is currently estimated at $1,322,153, approximately $1,470 per square foot. This property was built in 1983. 358 Grant Ave 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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