NOT LISTED FOR SALE

Estimated Value: $1,009,000 - $1,307,000

2 Beds
2 Baths
1,043 Sq Ft
$549/mo HOA Fee

Last Sold December 06, 2017

Last sale price $1,490,000 $1,429 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $8,448/month

5 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Community Pool
  • Fairmeadow Elementary School Rated A+
  • Stone Countertops
  • 4-minute walk to Mitchell Park

About This Home

As of December 2017

Sophisticated single-story designer remodeled unit in highly desirable Las Casitas with central location in park-like heart of gated complex surrounded by beautifully landscaped grounds, palm trees and pool. Sleek, contemporary design with bright, open living area, engineered hardwood floors and exposed-beam vaulted ceiling with transom windows adding to an abundance of natural light. Charming private patio/garden for alfresco dining & relaxation. Contemporary kitchen boasts custom bamboo cabinets, caesarstone counters, stainless steel appliances, refrigerator, large island with drawer microwave. Master bedroom with walk-in closet, ensuite. Laundry closet with washer/dryer. Nest Thermostat. Covered parking, plus guest parking. Convenient to vibrant neighborhood dining, shopping and amenities including Piazzas Fine Foods, Mitchell Park & Library, Magical Bridge Playground, Cubberley Community Center, walk to top Palo Alto Schools and easy Hwy 101 access to Silicon Valley tech companies.

Last Agent to Sell the Property

Hadar Guibara

Christie's International Real Estate Sereno License #01881561 Listed on: 11/02/2017

Christie's International Real Estate Sereno

Last Buyer's Agent

Jessica Tang

Intero Real Estate Services License #01956264

Intero Real Estate Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,507

Year Built

  • Built in 1961

Lot Details

  • 749

HOA Fees

  • $549 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Carport

Home Design

  • Foam Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,043 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Combination Dining and Living Room
  • Wood Flooring
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 127-42-033

Community Details

Overview

  • Association fees include exterior painting, garbage, insurance - common area, insurance - hazard, maintenance - common area, pool spa or tennis, roof
  • 35 Units
  • Cornerstone Community Management Association
  • Built by Las Casitas

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,507

Year Built

Built in 1961

Lot Details

0

HOA Fees

$549 per month

Parking

1

Listing Details

  • Subclass: Condominium
  • Restrictions: Pets - Cats Permitted, Pets - Dogs Permitted
  • Age: 56
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 35
  • Structure Sq Ft: 1043
  • Complex Name: Las Casitas
  • Year Built: 1961
  • Zoning Description: PA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Wood Burning
  • Dining Room: Dining Area, Dining Area in Living Room, Eat in Kitchen
  • Kitchen: Countertop - Stone, Dishwasher, Island, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 1043
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Wood
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Foam

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Carport

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 549
  • HOA Amenities: Community Pool
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Exterior Painting, Garbage, Insurance - Common Area, Insurance - Hazard, Maintenance - Common Area, Pool, Spa, or Tennis, Roof
  • H O A Name Text: Cornerstone Community Management
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Vaulted Ceiling, Walk-in Closet

Schools

  • School District: Palo Alto Unified
  • Elementary School: Fairmeadow Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 314
  • Middle School: 322

Lot Info

  • Parcel Number: 127-42-033
  • Lot Acres: 0.0172
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 750.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Fairmeadow Elementary
  • High School Text: Henry M. Gunn High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2017
Closed on
Nov 29, 2017
Sold by
Parekh Hiral and Rao Shailendra
Bought by
Zheng Ying and Liu Ye
Seller's Agent
Hadar Guibara
Christie's International Real Estate Sereno
Buyer's Agent
Jessica Tang
Intero Real Estate Services
List Price
$1,088,000
Sold Price
$1,490,000
Premium/Discount to List
$402,000
36.95%
Current Estimated Value
$1,194,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$295,572
Avg. Annual Appreciation
-2.78%
Original Mortgage
$1,192,000
Outstanding Balance
$981,494
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$212,934

Purchase Details

Listed on
Oct 29, 2015
Closed on
Nov 23, 2015
Sold by
Caldarone Michael C and Caldarone Leah B
Bought by
Parekh Hiral and Rao Shailendra
Seller's Agent
Ester Kozaczuk
Golden Gate Sotheby's International Realty
Buyer's Agent
Hadar Guibara
Christie's International Real Estate Sereno
List Price
$805,000
Sold Price
$1,075,000
Premium/Discount to List
$270,000
33.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.63%
Original Mortgage
$806,250
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2012
Closed on
Sep 25, 2012
Sold by
St Clair Iii John L and Kou Lydia
Bought by
Caldarone Michael C and Caldarone Leah B
Seller's Agent
John And Lydia
Compass
Buyer's Agent
Joe Carcione
Taylor & Huang Properties Inc
List Price
$639,000
Sold Price
$639,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.77%
Original Mortgage
$511,200
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2008
Sold by
St Clair Iii John L
Bought by
St Clair Iii John L and Kou Lydia

Purchase Details

Closed on
Apr 15, 2005
Sold by
Kou Lydia
Bought by
St Clair Iii John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
8.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 11, 2005
Sold by
Kazi Khalid A and Kazi Farhana
Bought by
St Clair Iii John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
8.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 5, 2003
Sold by
Kazi Khalid A and Kazi Farhana
Bought by
Kazi Khalid A and Kazi Farhana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2002
Sold by
Kazi Khalid A
Bought by
Kazi Khalid A and Kazi Farhana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2002
Sold by
Chen Weihua and Xia Qiong
Bought by
Kazi Khalid A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 1999
Sold by
Ruth Willard
Bought by
Chen Weihua and Xia Qiong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,600
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Zheng Ying $1,490,000 Chicago Title Company
Parekh Hiral $1,075,000 Old Republic Title Company
Caldarone Michael C $639,000 First American Title Company
St Clair Iii John L -- None Available
St Clair Iii John L -- First American Title Company
St Clair Iii John L -- First American Title Company
Kazi Khalid A -- Commonwealth Land Title
Kazi Khalid A -- Fidelity National Title Ins
Kazi Khalid A $383,000 Chicago Title Co
Kazi Khalid A -- Chicago Title Co
Chen Weihua $282,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Ying $1,192,000
Previous Owner Parekh Hiral $806,250
Previous Owner Caldarone Michael C $511,200
Previous Owner St Clair Iii John L $450,000
Previous Owner Kazi Khalid A $299,000
Previous Owner Kazi Khalid A $300,000
Previous Owner Kazi Khalid A $300,700
Previous Owner Chen Weihua $225,600
Closed Kazi Khalid A $63,150
Closed Kazi Khalid A $62,500
Closed St Clair Iii John L $56,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2017 12/06/17 Sold $1,490,000 +36.9% $1,429 / Sq Ft
11/08/2017 11/08/17 Pending -- -- --
11/02/2017 11/02/17 For Sale $1,088,000 +1.2% $1,043 / Sq Ft
12/04/2015 12/04/15 Sold $1,075,000 +33.5% $1,031 / Sq Ft View Prior Sale
11/05/2015 11/05/15 Pending -- -- --
10/29/2015 10/29/15 For Sale $805,000 +26.0% $772 / Sq Ft
09/28/2012 09/28/12 Sold $639,000 +1.6% $613 / Sq Ft View Prior Sale
09/05/2012 09/05/12 Pending -- -- --
08/27/2012 08/27/12 Price Changed $629,000 -1.6% $603 / Sq Ft
08/08/2012 08/08/12 For Sale $639,000 -- $613 / 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 $18,507 $1,400,000 $700,000 $700,000
2024 $18,507 $1,500,000 $750,000 $750,000
2023 $13,976 $1,110,000 $555,000 $555,000
2022 $14,694 $1,162,600 $581,300 $581,300
2021 $13,930 $1,566,256 $783,128 $783,128
2020 $19,084 $1,550,196 $775,098 $775,098
2019 $18,870 $1,519,800 $759,900 $759,900
2018 $18,358 $1,490,000 $745,000 $745,000
2017 $13,819 $1,096,500 $548,250 $548,250
2016 $13,454 $1,075,000 $537,500 $537,500
2015 $8,474 $654,724 $327,362 $327,362
2014 $8,231 $641,900 $320,950 $320,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81683590

MLSListings

APN: 127-42-033