NOT LISTED FOR SALE

Estimated Value: $865,660 - $1,046,000

2 Beds
1 Bath
853 Sq Ft
$553/mo HOA Fee

Last Sold October 27, 2021

Last sale price $925,000 $1,084 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,830/month

8 Days on Market

Highlights

  • Private Pool
  • Gated Community
  • Beamed Ceilings
  • Fairmeadow Elementary School Rated A+
  • High Ceiling
  • 3-minute walk to Mitchell Park

About This Home

As of October 2021

~WELCOME TO THE BEAUTIFUL LAS CASITAS GATED COMMUNITY~This lovely 2 bedroom/1 bathroom all one-level Palo Alto home is rarely available. The mid-century modern vibe of this home along with palm trees and lush landscaping add to the quintessential California living! Lovely open floor plan with high open beam ceilings, wonderfully sun filled rooms, wood burning fireplace, all new interior paint, new luxury vinyl flooring & baseboards throughout, new bathroom vanity & lighting, new light switches & outlets. The living room and primary bedroom open up to a private patio which extends the living space for year round enjoyment. Fantastic location, close to so many favorites which include Cubberley Community Center, Mitchell Park, Magical Bridge Playground, Ace Hardware, Summerwinds Nursery and across the street is Piazza's Fine Foods, Peet's Coffee and so much more! Close proximity to highways 101 & 85 for an easier commute, Stanford Shopping Center, University & Hospital. Palo Alto Schools!

Last Agent to Sell the Property

Debra Sanders

Compass License #01467458 Listed on: 09/18/2021

Compass

Last Buyer's Agent

Siyu Zheng

Maxreal License #02031754

Maxreal

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,461

Year Built

  • 1961

Lot Details

  • 741

HOA Fees

  • $553 Monthly HOA Fees

Home Design

  • Foam Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 853 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Security Gate

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Formica Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 1 Carport Space
  • On-Street Parking

Pool

  • Private Pool

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Community Details

Overview

  • Association fees include exterior painting, landscaping / gardening, maintenance - common area, maintenance - exterior, roof
  • 35 Units
  • Las Casitas Condominium Owners Assoc. Association
  • Rental Restrictions

Recreation

  • Community Pool

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,461

Year Built

1961

Lot Details

0

HOA Fees

$553 per month

Listing Details

  • Zoning: PC
  • Subclass: Condominium
  • Restrictions: Park Rental Restrictions
  • Age: 60
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 35
  • Structure Sq Ft: 853
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1961

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining Area In Living Room
  • Kitchen: Cooktop - Electric, Countertop - Formica, Dishwasher, Exhaust Fan, Garbage Disposal, Oven - Electric
  • Fireplace: Yes
  • Living Sq Ft: 853
  • Stories: 1
  • Laundry: Community Facility
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Shower Over Tub - 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Yes
  • Roof: Foam

Garage/Parking

  • Garage Parking Features: Carport, On Street
  • Carport Min: 1

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 553
  • HOA Amenities: Community Pool, Community Security Gate
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Exterior Painting, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Roof
  • HOA Exist: Yes
  • H O A Name Text: Las Casitas Condominium Owners Assoc.

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Open Beam Ceiling, Security Gate

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

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2021
Closed on
Sep 16, 2021
Sold by
Ferris Richard C and Ferris Family Trust
Bought by
Cao Zhijuan and Tajhya Rajeev
Seller's Agent
Debra Sanders
Compass
Buyer's Agent
Siyu Zheng
Maxreal
List Price
$825,000
Sold Price
$925,000
Premium/Discount to List
$100,000
12.12%
Current Estimated Value
$963,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,774
Avg. Annual Appreciation
-1.15%
Original Mortgage
$733,200
Outstanding Balance
$674,387
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$211,097

Purchase Details

Closed on
Jan 20, 2004
Sold by
Ferris Richard C
Bought by
Ferris Richard C
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
Cao Zhijuan $925,000 Fidelity National Title Co
Ferris Richard C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cao Zhijuan $733,200
Previous Owner Ferris Richard C $86,500
Previous Owner Ferris Richard C $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2021 10/27/21 Sold $925,000 +12.1% $1,084 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
09/18/2021 09/18/21 For Sale $825,000 -- $967 / 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 $11,461 $900,000 $450,000 $450,000
2023 $10,553 $820,000 $410,000 $410,000
2022 $11,866 $925,000 $462,500 $462,500
2021 $3,018 $176,382 $61,521 $114,861
2020 $2,973 $174,575 $60,891 $113,684
2019 $2,934 $171,153 $59,698 $111,455
2018 $2,874 $167,798 $58,528 $109,270
2017 $2,823 $164,509 $57,381 $107,128
2016 $2,743 $161,284 $56,256 $105,028
2015 $2,710 $158,862 $55,411 $103,451
2014 $2,562 $155,751 $54,326 $101,425
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81863327

MLSListings

APN: 127-42-021