NOT LISTED FOR SALE

Estimated Value: $2,632,000 - $3,185,000

3 Beds
3 Baths
2,064 Sq Ft
1,742 Sq Ft Lot

Last Sold March 03, 2017

Last sale price $2,935,000 $1,422 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $19,920/month

3 Days on Market

Highlights

  • Community Cabanas
  • Gated Community
  • Wood Flooring
  • Addison Elementary School Rated A+
  • Deck
  • 3-minute walk to Cogswell Plaza

About This Home

As of March 2017

Ultimate urban living in the heart of Silicon Valley! Exclusive Penthouse in downtown Palo Alto enjoys the entire top floor of this quiet 16-unit building with views from every room and private outdoor space that cannot be found in other downtown condominiums. Remodeled in 2005, it is a single-floor, open floor-plan design with lots of natural light, hardwood floors, updated kitchen, gas fireplace, air conditioning, 2-car garaged parking, generous storage, swimming pool & cabana, and two elevators. Heated tiled floors in bathrooms and kitchen. In addition to the 2,064 sf of interior living space, there are 3 balconies, laundry room and VERY large, private outdoor entertainment terrace with sunset views. Enjoy your evenings overlooking the lights of downtown Palo Alto or step out for a movie and dinner just 2 blocks from University Ave. With a Walk Score of 89 plus top ranked Palo Alto schools, this an urban dweller's dream home.

Last Agent to Sell the Property

Terri Brown

Keller Williams Palo Alto License #01387483 Listed on: 02/21/2017

Keller Williams Palo Alto

Last Buyer's Agent

Julia Laquer

Christie's International Real Estate Sereno License #01928656

Christie's International Real Estate Sereno

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $40,109

Year Built

  • Built in 1961

Lot Details

  • Grass Covered Lot

Parking

  • 2 Car Garage
  • Secured Garage or Parking
  • Assigned Parking

Home Design

  • Modern Architecture
  • Reinforced Concrete Foundation
  • Foam Roof

Interior Spaces

  • 2,064 Sq Ft Home
  • 1-Story Property
  • Wired For Sound
  • Gas Fireplace
  • Dining Area
  • Security Gate
  • Property Views

Kitchen

  • Breakfast Bar
  • Double Self-Cleaning Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Pool

  • Cabana
  • In Ground Pool

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Radiant Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 120-22-007

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area electricity, electricity, exterior painting, fencing, garbage, gas, heating, hot water, insurance, insurance - common area, insurance - hazard, insurance - structure, landscaping / gardening, maintenance - common area, maintenance - exterior, management fee, pool spa or tennis, recreation facility, reserves, roof, water, water / sewer
  • 16 Units
  • Everett House Association
  • Built by Everett House
  • Rental Restrictions

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Community Cabanas
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Controlled Access
  • Gated Community
  • Building Fire Escape
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$40,109

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Subclass: Condominium
  • Style: Modern / High Tech
  • Restrictions: Park Rental Restrictions, Pets - Allowed
  • Age: 56
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 16
  • Structure Sq Ft: 2064
  • Complex Name: Everett House
  • Year Built: 1961
  • Zoning Description: RM4
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning
  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Ice Maker, Microwave, Oven - Double, Oven - Self Cleaning, Refrigerator
  • Living Sq Ft: 2064
  • Stories: 1
  • Security: Controlled / Secured Access, Fire Alarm, Fire Escape, Fire System - Sprinkler, Secured Garage / Parking
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Stone, Tile
  • Additional Rooms: Laundry Room, Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Granite, Stall Shower, Tile, Tub, Tub with Jets
  • Fireplace: Yes

Exterior Features

  • Foundation: Reinforced Concrete
  • Pool Description: Cabana / Dressing Room, Pool - In Ground
  • Roof: Foam
  • Yard/Grounds: Balcony / Patio, Deck, Low Maintenance
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Assigned Spaces

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 1883
  • HOA Amenities: Additional Storage, Cabana, Community Pool, Community Security Gate, Elevator
  • Association Fees Include: Common Area Electricity, Electricity, Exterior Painting, Fencing, Garbage, Gas, Heating, Hot Water, Insurance, Insurance - Common Area, Insurance - Hazard, Insurance - Structure, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Pool, Spa, or Tennis, Recreation Facility, Reserves, Roof, Water, Water / Sewer
  • H O A Name Text: Everett House Association
  • 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: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Lot Description: Views
  • Parcel Number: 120-22-007
  • Lot Acres: 0.0400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1742.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1742.00

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: David Starr Jordan Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2017
Sold by
Windham Patrick H and Prabhakar Arati
Bought by
Windham Patrick H and Prabhakar Arati
Total Days on Market
3
Current Estimated Value
$2,967,251

Purchase Details

Listed on
Feb 21, 2017
Closed on
Feb 28, 2017
Sold by
Peek Mark S
Bought by
Windham Patick H and Prabhakar Arati
Seller's Agent
Terri Brown
Keller Williams Palo Alto
Buyer's Agent
Julia Laquer
Christie's International Real Estate Sereno
List Price
$2,799,000
Sold Price
$2,935,000
Premium/Discount to List
$136,000
4.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.13%

Purchase Details

Listed on
Mar 12, 2016
Closed on
May 10, 2016
Sold by
Destefano Paul R and Von Gustlin Gretchen
Bought by
Peek Mark S
Seller's Agent
Nancy Goldcamp
Coldwell Banker Realty
Buyer's Agent
Terri Brown
Coldwell Banker Realty
List Price
$2,995,000
Sold Price
$2,935,000
Premium/Discount to List
-$60,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Listed on
Jun 4, 2015
Closed on
Aug 7, 2015
Sold by
Muller James Robert and Gupta Maya R
Bought by
Destefano Paul R and Von Gustlin Gretchen
Seller's Agent
Zachary Trailer
Compass
Buyer's Agent
Shelley Risko
Sotheby’s International Realty
List Price
$3,498,000
Sold Price
$3,150,000
Premium/Discount to List
-$348,000
-9.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.00%
Original Mortgage
$1,150,000
Interest Rate
4.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 1, 2012
Sold by
Shippee Geoffrey
Bought by
Muller James Robert and Gupta Maya R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
2.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 10, 2011
Sold by
Badiei Farnaz
Bought by
Shippee Geoffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2007
Sold by
Weil Sage A
Bought by
Shippee Geoffrey and Badiei Farnaz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,250
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 28, 2005
Sold by
Martin Wilbur F
Bought by
Weil Sage A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.87%
Mortgage Type
New Conventional
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
Windham Patrick H -- Cornerstone Title Company
Windham Patick H $2,935,000 Cornerstone Title Company
Peek Mark S $2,935,000 Chicago Title Company
Destefano Paul R $3,150,000 Chicago Title Company
Muller James Robert $2,499,750 Chicago Title Company
Shippee Geoffrey -- Lsi
Shippee Geoffrey $1,965,000 First American Title Company
Weil Sage A -- First American Title Company
Weil Sage A $1,275,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Destefano Paul R $1,200,000
Previous Owner Destefano Paul R $1,150,000
Previous Owner Muller James Robert $1,600,000
Previous Owner Muller James Robert $625,000
Previous Owner Shippee Geoffrey $1,500,000
Previous Owner Shippee Geoffrey $1,476,700
Previous Owner Weil Sage A $98,250
Previous Owner Shippee Geoffrey $1,473,750
Previous Owner Weil Sage A $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2017 03/03/17 Sold $2,935,000 +4.9% $1,422 / Sq Ft
02/24/2017 02/24/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $2,799,000 -4.6% $1,356 / Sq Ft
05/17/2016 05/17/16 Sold $2,935,000 -2.0% $1,422 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
03/12/2016 03/12/16 For Sale $2,995,000 -4.9% $1,451 / Sq Ft
08/18/2015 08/18/15 Sold $3,150,000 -9.9% $1,526 / Sq Ft
07/20/2015 07/20/15 Pending -- -- --
06/04/2015 06/04/15 For Sale $3,498,000 -- $1,695 / 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 $40,109 $3,339,524 $1,669,762 $1,669,762
2023 $39,520 $3,274,044 $1,637,022 $1,637,022
2022 $39,066 $3,209,848 $1,604,924 $1,604,924
2021 $38,297 $3,146,910 $1,573,455 $1,573,455
2020 $37,500 $3,114,644 $1,557,322 $1,557,322
2019 $37,087 $3,053,574 $1,526,787 $1,526,787
2018 $36,060 $2,993,700 $1,496,850 $1,496,850
2017 $36,202 $2,993,700 $1,496,850 $1,496,850
2016 $37,777 $3,150,000 $1,575,000 $1,575,000
2015 $30,952 $2,561,526 $1,280,763 $1,280,763
2014 $30,347 $2,511,350 $1,255,675 $1,255,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81639472

MLSListings

APN: 120-22-007