NOT LISTED FOR SALE

Estimated Value: $1,517,958 - $2,049,000

3 Beds
2 Baths
1,399 Sq Ft
$675/mo HOA Fee

Last Sold June 28, 2019

Last sale price $1,500,000 $1,072 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $11,742/month

8 Days on Market

Highlights

  • Combination Dining and Living Room
  • Juana Briones Elementary School Rated A+
  • South Facing Home

About This Home

As of June 2019

Upgraded top-floor condo in great Palo Alto location. End unit and largest floor plan in complex with 2 balconies. Home is well maintained and was remodeled in recent years with high-end materials and hardwares. The cathedral ceiling in living room brings in abundant natural sunlight. Bright and airy kitchen boasts plenty of maple cabinets, wine fridge and stainless appliances. Fireplace in living room. Private upstairs master suite features vaulted ceilings and a private balcony. Hardwood floors throughout two bedrooms, kitchen and hallway areas. In unit laundry. Secure underground gated garage space with additional storage. Two assigned parking spaces. Great complex with secure gates and elevators. Top rated Palo Alto schools. Close proximity to Stanford, Google, Facebook, Uber, Tesla, etc.

Last Agent to Sell the Property

Raymond Ni

Intero Real Estate Services License #02021517 Listed on: 05/22/2019

Intero Real Estate Services

Last Buyer's Agent

Irene Suh

Elim Investment Company License #01490635

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,157

Year Built

  • Built in 1987

Lot Details

  • 3,929

HOA Fees

  • $675 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,399 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • South Facing Home
  • Radiant Heating System

Community Details

  • Association fees include common area electricity, maintenance - common area
  • Tri State Association

Listing and Financial Details

  • Assessor Parcel Number 132-60-025

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,157

Year Built

Built in 1987

Lot Details

0

HOA Fees

$675 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Age: 32
  • Listing Class: Residential
  • Max Numberof Unitsin Building: 53
  • Structure Sq Ft: 1399
  • Year Built: 1987
  • Zoning Description: PC
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area in Living Room
  • Living Sq Ft: 1399
  • Stories: 2
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Property Faces: South

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 675
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Maintenance - Common Area
  • H O A Name Text: Tri State
  • H O A Exist: Yes

Schools

  • School District: Palo Alto Unified
  • Elementary School: Juana Briones Elementary
  • Middle School: Ellen Fletcher Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 317
  • Middle School: 323

Lot Info

  • Parcel Number: 132-60-025
  • Lot Acres: 0.0902
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3931.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3931.00

Multi Family

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

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Juana Briones Elementary
  • High School Text: Henry M. Gunn High
  • Middle School Text: Ellen Fletcher Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2019
Closed on
Jun 21, 2019
Sold by
Gottfredson Kenneth D and Gottfredson Dorothy W
Bought by
Koo Jae Mo and Lee Soo Jeong
Seller's Agent
Raymond Ni
Intero Real Estate Services
Buyer's Agent
Irene Suh
Elim Investment Company
List Price
$1,498,000
Sold Price
$1,500,000
Premium/Discount to List
$2,000
0.13%
Current Estimated Value
$1,768,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,740
Avg. Annual Appreciation
2.65%
Original Mortgage
$1,200,000
Outstanding Balance
$1,052,954
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$715,786

Purchase Details

Closed on
Jun 13, 2003
Sold by
Finn Kevin Johannes and Finn Kate Elizabeth
Bought by
Gottfredson Kenneth D and Gottfredson Dorothy W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 1995
Sold by
Starnes Susan Renee
Bought by
Finn Kevin Johannes and Finn Kate Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.59%

Purchase Details

Closed on
May 27, 1994
Sold by
Starnes Susan Renee
Bought by
Starnes Susan Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
6.62%
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
Koo Jae Mo $1,500,000 Orange Coast Ttl Co Of North
Gottfredson Kenneth D $444,500 Chicago Title
Finn Kevin Johannes $220,000 Old Republic Title Company
Starnes Susan Renee -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koo Jae Mo $1,200,000
Previous Owner Gottfredson Kenneth D $322,700
Previous Owner Finn Kevin Johannes $110,000
Previous Owner Starnes Susan Renee $186,000
Closed Gottfredson Kenneth D $77,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2019 06/28/19 Sold $1,500,000 +0.1% $1,072 / Sq Ft
05/30/2019 05/30/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $1,498,000 -- $1,071 / 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 $20,157 $1,673,274 $836,637 $836,637
2024 $20,157 $1,640,466 $820,233 $820,233
2023 $19,858 $1,608,300 $804,150 $804,150
2022 $19,625 $1,576,766 $788,383 $788,383
2021 $19,238 $1,545,850 $772,925 $772,925
2020 $18,846 $1,530,000 $765,000 $765,000
2019 $7,669 $576,773 $288,354 $288,419
2018 $7,474 $565,464 $282,700 $282,764
2017 $7,340 $554,377 $277,157 $277,220
2016 $7,142 $543,508 $271,723 $271,785
2015 $7,066 $535,345 $267,642 $267,703
2014 $6,846 $524,860 $262,400 $262,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81750564

MLSListings

APN: 132-60-025