NOT LISTED FOR SALE

521 Aspen Place East Palo Alto, CA 94303

Estimated Value: $1,526,265 - $1,610,000

4 Beds
3 Baths
2,264 Sq Ft
$695/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $1,396,500 $617 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $10,350/month

7 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Quartz Countertops
  • Menlo-Atherton High School Rated A
  • Loft
  • Balcony

About This Home

As of October 2018

Gorgeous single family home located in the sought-after Montage community * Detached end unit offers one of the best locations in the community * Three years new * Chefs kitchen includes an oversized island with quartz countertops * Modern Italian Laminate cabinetry * Designer-selected backsplash * Whirlpool Stainless Steel Appliance package * Ceiling fans at Great Room and Loft * Surround sound at Great Room and Loft * Built in electric, remote controlled contemporary fireplace in Great Room * First floor Guest Bedroom * Dramatic 9 foot first floor ceilings with 9 foot second floor ceilings * Elegantly rounded drywall corners with designer selected two tone interior paint * Entertainers delight professionally landscaped backyard * Montage is just minutes from downtown Palo Alto, Hwy 101 and Ravenswood Bay Trail * Easy commute to Facebook, Amazon and Google * Low HOA dues and Community Park make this an opportunity you cant pass up!

Last Agent to Sell the Property

Ed Abelite

Intero Real Estate Services License #01034353 Listed on: 09/19/2018

Last Buyer's Agent

Ajay Arora

Real Estate Broker Services License #02026878

Real Estate Broker Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,958

Year Built

  • Built in 2015

Lot Details

  • 2,553 Sq Ft Lot
  • Wood Fence
  • Level Lot
  • Sprinklers on Timer
  • Grass Covered Lot
  • Zoning described as PD zoning

HOA Fees

  • $127 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Ceiling Insulation

Interior Spaces

  • 2,264 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Family or Dining Combination
  • Loft

Kitchen

  • Open to Family Room
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Dual Sinks
  • Low Flow Toliet
  • Bathtub Includes Tile Surround
  • Walk-in Shower
  • Low Flow Shower

Laundry

  • Laundry on upper level
  • Gas Dryer Hookup

Home Security

  • Alarm System
  • Fire Sprinkler System

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Thermostat
  • Separate Meters
  • Individual Gas Meter
  • Cable TV Available

Additional Features

  • Energy-Efficient Insulation
  • Balcony

Listing and Financial Details

  • Assessor Parcel Number 063-730-140

Community Details

Overview

  • Montage Circle HOA
  • Built by Montage

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,958

Year Built

Built in 2015

Lot Details

0

HOA Fees

$127 per month

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Contemporary
  • Age: 3
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 51
  • Structure Sq Ft: 2264
  • Complex Name: Montage
  • Year Built: 2015
  • Zoning Description: PD zoning
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area in Family Room
  • Kitchen: Cooktop - Gas, Countertop - Quartz, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Ice Maker, Island with Sink, Oven - Gas
  • Living Sq Ft: 2264
  • Stories: 2
  • Security: Fire System - Sprinkler, Security Alarm
  • Bedrooms: Walk-in Closet
  • Laundry: Gas Hookup, Inside, Upper Floor
  • Flooring: Carpet, Tile, Wood
  • Additional Rooms: Loft
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Half on Ground Floor, Primary - Stall Shower(s), Stall Shower, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Concrete
  • Yard/Grounds: Balcony / Patio, Fenced, Low Maintenance, Sprinklers - Auto
  • Fencing: Fenced, Wood
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Common Parking Area

Utilities

  • Cooling System: Central AC
  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 127
  • HOA Amenities: Playground
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Minutes
  • HOA Fee Frequency: Monthly
  • H O A Name Text: Montage Circle HOA
  • H O A Exist: Yes

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level, Regular
  • Parcel Number: 063-730-140
  • Lot Acres: 0.0586
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2554.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2554.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Low Flow Shower, Low Flow Toilet, Thermostat Controller, Walls Insulated

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

MLS Schools

  • High School District Text: Sequoia Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2018
Closed on
Oct 17, 2018
Sold by
Gatley Alexandra Michelle and Gatley Erin Marie
Bought by
Bhayani Anish D
Seller's Agent
Ed Abelite
Intero Real Estate Services
Buyer's Agent
Ajay Arora
Real Estate Broker Services
List Price
$1,438,000
Sold Price
$1,396,500
Premium/Discount to List
-$41,500
-2.89%
Current Estimated Value
$1,547,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,476
Avg. Annual Appreciation
1.84%
Original Mortgage
$1,100,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 11, 2015
Sold by
Epa Montage Partners Llc
Bought by
Gatley Alexandra Michelle and Gatley Erin Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.96%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Bhayani Anish D $1,396,500 First American Title Co
Gatley Alexandra Michelle $799,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhayani Anish D $822,375
Closed Bhayani Anish D $870,000
Closed Bhayani Anish D $1,083,500
Closed Bhayani Anish D $1,096,000
Closed Bhayani Anish D $1,100,000
Previous Owner Gatley Alexandra Michelle $600,000
Previous Owner Epa Montage Partners Llc $9,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2018 10/26/18 Sold $1,396,500 -2.9% $617 / Sq Ft
09/26/2018 09/26/18 Pending -- -- --
09/19/2018 09/19/18 For Sale $1,438,000 -- $635 / 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 $20,958 $1,557,816 $778,908 $778,908
2023 $20,958 $1,497,326 $748,663 $748,663
2022 $19,703 $1,467,968 $733,984 $733,984
2021 $19,416 $1,439,186 $719,593 $719,593
2020 $19,399 $1,424,430 $712,215 $712,215
2019 $19,135 $1,396,500 $698,250 $698,250
2018 $13,034 $831,279 $280,908 $550,371
2017 $12,668 $814,980 $275,400 $539,580
2016 $12,658 $799,000 $270,000 $529,000
2015 $3,857 $120,576 $120,576 $0
2014 $4,077 $118,215 $118,215 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81724276

MLSListings

APN: 063-730-140