NOT LISTED FOR SALE

Estimated Value: $1,105,000 - $1,392,000

2 Beds
2 Baths
1,098 Sq Ft
1,263 Sq Ft Lot

Sale Details

Date Sold: September 26, 2024

Last sale price $1,198,000 $1,091 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $8,517 / mo

48 Days on Market

Highlights

  • Primary Bedroom Suite
  • Wood Flooring
  • Quartz Countertops
  • Addison Elementary School Rated A+
  • Park or Greenbelt View
  • 2-minute walk to Johnson Park

About This Home

As of September 2024

Immerse Yourself in Downtown Palo Alto's Vibrancy: Step into the heart of it all with this stunning, updated contemporary home in coveted Downtown Palo Alto. Bask in the California sunshine that pours through expansive windows on two sides, creating a light and airy haven. Unleash your inner chef in the sleek, updated kitchen with quartz countertops, stainless steel appliances, and a gas range. Entertain seamlessly with access to the spacious deck, perfect for al fresco dining and enjoying treetop views overlooking Johnson Park. Crown moldings, recessed lighting, and cleverly designed built-ins adding a touch of elegance and functionality. Two bright bedrooms, with the primary suite boasting a generous walk-in closet and luxurious en-suite bath featuring tub and shower. This boutique building offers a community laundry facility, secure access, and 2 dedicated parking spaces for your convenience + additional storage space. Live the Downtown lifestyle: Just blocks from the dynamic University Ave corridor with exceptional restaurants, shops, and entertainment. Hop on the Caltrain for a seamless commute, or explore nearby amenities like Whole Foods, Stanford Shopping Center, and acclaimed schools. This is your chance to experience the best of Palo Alto living.

Last Agent to Sell the Property

Brett Caviness

Compass License #01935984 Listed on: 07/11/2024

Compass

Co-Listed By

Don Straub

Compass License #01896844

Last Buyer's Agent

Leyla Ahmadi

Room Real Estate License #02161057

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1971

Lot Details

  • 1,263

HOA Fees

  • $705 Monthly HOA Fees

Parking

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

Property Views

  • Park or Greenbelt
  • Neighborhood

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,098 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Outdoor Features

  • Balcony
  • Shed

Additional Features

  • Fenced
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 120-35-003

Community Details

Overview

  • Association fees include decks, exterior painting, garbage, hot water, maintenance - common area, maintenance - exterior, reserves, roof, water
  • 6 Units
  • Park Place Condominiums Association
  • Built by PARK PLACE CONDOMINIUMS

Amenities

  • Laundry Facilities
  • Elevator

Security

  • Controlled Access

Property Details

Home Type

Condominium

Year Built

Built in 1971

Lot Details

1,263 Sq Ft Lot

HOA Fees

$705 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Max Numberof Unitsin Building: 6
  • Min Numberof Unitsin Complex: 6
  • Structure Sq Ft: 1098
  • Complex Name: PARK PLACE CONDOMINIUMS
  • Incorporated: Yes
  • Year Built: 1971
  • Zoning Description: RM4
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area in Living Room
  • Kitchen: Countertop - Quartz, Dishwasher, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1098
  • Stories: 1
  • Security: Controlled / Secured Access, Secured Garage / Parking, Security Building
  • Bedrooms: Primary Suite / Retreat, Walk-in Closet
  • Laundry: Community Facility
  • Flooring: Tile, Wood
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Stall Shower, Tile, Tub in Primary Bedroom, Updated Bath

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Neighborhood, Park
  • Yard/Grounds: Balcony / Patio, Fenced, Storage Shed / Structure

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Assigned Spaces, Parking Area

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 705
  • HOA Amenities: Elevator
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Decks, Exterior Painting, Garbage, Hot Water, Maintenance - Common Area, Maintenance - Exterior, Reserves, Roof, Water
  • H O A Name Text: PARK PLACE CONDOMINIUMS
  • H O A Exist: Yes

Lot Info

  • Parcel Number: 120-35-003

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 3
  • Minimum Building Height: 3

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Sep 13, 2024
Sold by
Bought by
Seller's Agent
Brett Caviness
Compass
Buyer's Agent
Leyla Ahmadi
Room Real Estate
List Price
$1,298,000
Sold Price
$1,198,000
Premium/Discount to List
-$100,000
-7.7%
Views
54
Current Estimated Value
$1,230,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,253
Avg. Annual Appreciation
3.92%
Original Mortgage
$700,000
Interest Rate
0.0649%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
0.0355%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 2, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
0.0237%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
0.061%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,198,000 First American Title
-- First American Title
$925,000 Old Republic Title Company
-- Chicago Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $700,000
Closed $200,000
Closed $200,000
Closed $417,000
Closed $572,000
Closed $150,000
Closed $30,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/26/2024 09/26/24 Sold $1,198,000 0.0% $1,091 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
08/07/2024 08/07/24 Price Changed $1,198,000 -7.7% $1,091 / Sq Ft
07/11/2024 07/11/24 For Sale $1,298,000 -- $1,182 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,006 $1,198,000 $599,000 $599,000
2024 $14,006 $1,116,726 $558,363 $558,363
2023 $13,797 $1,094,830 $547,415 $547,415
2022 $13,632 $1,073,364 $536,682 $536,682
2021 $13,362 $1,052,318 $526,159 $526,159
2020 $13,096 $1,041,528 $520,764 $520,764
2019 $12,947 $1,021,106 $510,553 $510,553
2018 $12,602 $1,001,086 $500,543 $500,543
2017 $12,379 $981,458 $490,729 $490,729
2016 $12,050 $962,214 $481,107 $481,107
2015 $11,928 $947,762 $473,881 $473,881
2014 $11,630 $929,198 $464,599 $464,599
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81972818

MLSListings

APN: 120-35-003

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