NOT LISTED FOR SALE

Estimated Value: $1,916,000 - $2,188,644

3 Beds
2.5 Baths
1,580 Sq Ft
$1,323/Sq Ft Est. Value

Last Sold March 22, 2023

Last sale price $1,920,000 $1,215 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $14,216/month

26 Days on Market

Highlights

  • Skyline View
  • Wood Flooring
  • Quartz Countertops
  • Addison Elementary School Rated A+
  • High Ceiling
  • 3-minute walk to Heritage Park

About This Home

As of March 2023

Rarely available primary home or pied-a-terre in the heart of Palo Alto. Walk to everything downtown Palo Alto offers: farmers market, Whole Foods Market, parks, famous restaurants, Stanford University, biking trails, and Caltrain. This is a sensational home with 3 bedrooms, 2.5 bathrooms, and 2 sets of French doors that open to a lush courtyard. The best location in the community, this home offers a private patio that can be used for entertainment or relaxation after a day or night on the town. Lots of windows, abundant light and high ceilings define this luxurious 1,580 square foot home. This home has character with oversized skylights, closet systems, double ovens, and AC. Elegantly updated, this home has wide plank white oak floors, new carpet, quartz in bathrooms and kitchen, fresh paint, wine refrigerator, and a sleek modern fireplace. With excellent Palo Alto schools and easy downtown guest parking, for the price and the location, this home cannot be beat.

Last Agent to Sell the Property

Darcy Gamble

Compass License #01956441 Listed on: 01/26/2023

Compass

Last Buyer's Agent

Christopher Knox

Compass License #01179818

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $23,890

Year Built

  • Built in 1981

Lot Details

  • 775 Sq Ft Lot

HOA Fees

  • $781 Monthly HOA Fees

Parking

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

Interior Spaces

  • 1,580 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Skylights
  • Bay Window
  • Living Room with Fireplace
  • Formal Dining Room
  • Skyline Views
  • Security Gate
  • Washer and Dryer

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Double Oven
  • Electric Cooktop
  • Microwave
  • Wine Refrigerator
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • Bathroom on Main Level
  • Dual Flush Toilets

Utilities

  • Zoned Heating and Cooling
  • Wood Insert Heater
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 120-16-088

Community Details

Overview

  • Association fees include common area electricity, exterior painting, garbage, insurance, insurance - earthquake, insurance - liability, insurance - structure, landscaping / gardening, maintenance - common area, maintenance - exterior, reserves, roof, water / sewer
  • 12 Units
  • Cedar Terraces Condominiums Association
  • Built by Cedar Terraces Condominiums

Additional Features

  • Community Storage Space
  • Controlled Access

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$23,890

Year Built

Built in 1981

Lot Details

0

HOA Fees

$781 per month

Parking

2

Listing Details

  • Subclass: Townhouse
  • Restrictions: Pets - Other
  • Age: 42
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 12
  • Structure Sq Ft: 1580
  • Complex Name: Cedar Terraces Condominiums
  • Year Built: 1981
  • Zoning Description: RM3
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: Insert, Living Room
  • Dining Room: Breakfast Nook, Eat in Kitchen, Formal Dining Room
  • Kitchen: Cooktop - Electric, Countertop - Quartz, Garbage Disposal, Island with Sink, Microwave, Oven - Double, Pantry, Refrigerator, Wine Refrigerator
  • Living Sq Ft: 1580
  • Stories: 2
  • Security: Controlled / Secured Access, Secured Garage / Parking
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Wood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Dual Flush Toilet, Half on Ground Floor, Skylight, Updated Bath
  • Fireplace: Yes

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Assigned Spaces, Common Parking Area, Covered Parking, Electric Gate, Enclosed

Utilities

  • Cooling System: Multi-Zone
  • Heating System: Heating - 2+ Zones, Radiant
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 781
  • HOA Amenities: Additional Storage
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Exterior Painting, Garbage, Insurance, Insurance - Earthquake, Insurance - Liability, Insurance - Structure, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Reserves, Roof, Water / Sewer
  • H O A Name Text: Cedar Terraces Condominiums
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Bay Window, High Ceiling, Security Gate, Skylight

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Parcel Number: 120-16-088
  • Lot Acres: 0.0178
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 775.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 775.00

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: Frank S. Greene Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Mar 17, 2023
Sold by
Lee Robert Ken and Li Jennifer
Bought by
Grandjean Emily Elizabeth and Adams Thomas
Seller's Agent
Darcy Gamble
Compass
Buyer's Agent
Christopher Knox
Compass
List Price
$1,920,000
Sold Price
$1,920,000
Views
85
Current Estimated Value
$2,090,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,161
Avg. Annual Appreciation
3.63%
Original Mortgage
$1,536,000
Outstanding Balance
$1,484,438
Interest Rate
4.65%
Mortgage Type
New Conventional
Estimated Equity
$605,723

Purchase Details

Closed on
Jun 18, 2020
Sold by
Lee Robert Ken and Han Jennifer Sy
Bought by
Lee Robert Ken and Han Jennifer Sy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2018
Sold by
Lee Robert Ken and Han Jennifer Sy En
Bought by
Lee Robert Ken and Han Jennifer Sy En

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2018
Sold by
Hamilton Leslie R and Hamilton Gillian
Bought by
Lee Robert and Han Jennifer

Purchase Details

Closed on
Jul 8, 2015
Sold by
Hamilton Leslie R and Hamilton Gillian
Bought by
The Hamilton Family 2011 Trust and Hamilton Gillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$523,927
Interest Rate
3.33%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 15, 2011
Sold by
Hamilton Leslie R and Hamilton Gillian
Bought by
Hamilton Leslie R and Hamilton Gillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,496
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2011
Sold by
Hamilton Leslie R and Hamilton Gillian
Bought by
Hamilton Leslie R and Hamilton Gillian

Purchase Details

Closed on
Jun 7, 2006
Sold by
Samantha Partners Llc
Bought by
Hamilton Leslie R and Hamilton Gillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2004
Sold by
Rogoff Ian C
Bought by
Samantha Partners Llc

Purchase Details

Closed on
Jul 10, 1996
Sold by
Barr Avron and Tessler Shirley Gail
Bought by
Rogoff Ian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
8.3%
Mortgage Type
Balloon
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
Grandjean Emily Elizabeth $1,920,000 Lawyers Title Company
Lee Robert Ken -- First American Title Company
Lee Robert Ken -- First American Title Co
Lee Robert $2,025,000 None Available
The Hamilton Family 2011 Trust -- Trgc
Hamilton Leslie R -- None Available
Hamilton Leslie R -- None Available
Hamilton Leslie R $975,000 Old Republic Title Company
Samantha Partners Llc -- --
Rogoff Ian C -- --
Rogoff Ian C $412,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grandjean Emily Elizabeth $1,536,000
Previous Owner Lee Robert Ken $842,000
Previous Owner Lee Robert Ken $350,000
Previous Owner Lee Robert Ken $870,000
Previous Owner Lee Robert Ken $878,500
Previous Owner Lee Robert Ken $1,200,000
Previous Owner The Hamilton Family 2011 Trust $523,927
Previous Owner Hamilton Leslie R $608,496
Previous Owner Hamilton Leslie R $675,000
Previous Owner Rogoff Ian C $207,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2023 03/22/23 Sold $1,920,000 0.0% $1,215 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $1,920,000 -- $1,215 / 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 $23,890 $1,958,400 $979,200 $979,200
2023 $27,097 $2,214,632 $1,107,316 $1,107,316
2022 $26,784 $2,171,208 $1,085,604 $1,085,604
2021 $26,258 $2,128,636 $1,064,318 $1,064,318
2020 $25,718 $2,106,810 $1,053,405 $1,053,405
2019 $25,434 $2,065,500 $1,032,750 $1,032,750
2018 $14,602 $1,171,011 $582,502 $588,509
2017 $14,345 $1,148,051 $571,081 $576,970
2016 $13,965 $1,125,541 $559,884 $565,657
2015 $13,825 $1,108,636 $551,475 $557,161
2014 -- $1,086,920 $540,673 $546,247
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81916869

MLSListings

APN: 120-16-088