NOT LISTED FOR SALE

Estimated Value: $1,160,000 - $1,342,000

2 Beds
1 Bath
1,044 Sq Ft
$801/mo HOA Fee

Last Sold September 05, 2023

Last sale price $1,210,000 $1,159 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $8,498/month

28 Days on Market

Highlights

  • In Ground Pool
  • Elevator
  • Guest Parking
  • Addison Elementary School Rated A+
  • Tile Flooring
  • 3-minute walk to Johnson Park

About This Home

As of September 2023

Rare and stylishly updated mid-century condo in downtown Palo Alto just 2 blocks from University Avenue's lively shops, restaurants, and nightlife. The single-level, open concept living/dining area features original mahogany cabinets on one wall - on the other, step through sliding glass doors to a 20-foot private balcony. The updated kitchen features a Viking stove, brand-new fridge, dishwasher, and vent hood. There's also instant hot water and a water filter. The fully remodeled bath includes a soaking tub, Nebia shower and in-unit Bosch washer & dryer. The primary bedroom has double closets and its own balcony and the large second bedroom makes an office/guest combo, both looking out at tree-lined Everett Avenue. A full-size swimming pool is just downstairs, plus your own storage unit and dedicated covered parking. Just up the street is Johnson Park, with a popular playground, community garden, and beach volleyball. Close to Stanford and in the excellent Palo Alto school district.

Last Agent to Sell the Property

Lucy Berman

Golden Gate Sotheby's International Realty License #01413627 Listed on: 07/14/2023

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Supriya Gavande

Compass License #01856590

Compass

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1962

Lot Details

  • 1,307

HOA Fees

  • $801 Monthly HOA Fees

Interior Spaces

  • 1,044 Sq Ft Home
  • 1-Story Property
  • Dining Area

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • 6 Parking Spaces
  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Additional Features

  • In Ground Pool
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 120-10-010

Community Details

Overview

  • Association fees include common area electricity, common area gas, exterior painting, fencing, garbage, hot water, insurance - common area, maintenance - common area, management fee, pool spa or tennis, reserves, roof, water
  • 14 Units
  • Palo Alto Estates Association

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Year Built

Built in 1962

Lot Details

0

HOA Fees

$801 per month

Listing Details

  • Subclass: Condominium
  • Restrictions: Age - No Restrictions, Pets - Restrictions
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Min Numberof Unitsin Complex: 14
  • Structure Sq Ft: 1044
  • Year Built: 1962
  • Zoning Description: RM4
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area
  • Living Sq Ft: 1044
  • Stories: 1
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Tile
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Pool Description: Community Facility, Pool - In Ground
  • Pool: Yes

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Assigned Spaces, Covered Parking, Guest / Visitor Parking
  • Carport Min: 1

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 801
  • HOA Amenities: Additional Storage, Community Pool, Elevator
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Common Area Gas, Exterior Painting, Fencing, Garbage, Hot Water, Insurance - Common Area, Maintenance - Common Area, Management Fee, Pool, Spa, or Tennis, Reserves, Roof, Water
  • H O A Name Text: Palo Alto Estates
  • H O A Exist: Yes

Lot Info

  • Parcel Number: 120-10-010

Multi Family

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

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Aug 29, 2023
Sold by
William G Oliver Trust
Bought by
Kumar Akash and Kumar Neha
Seller's Agent
Lucy Berman
Golden Gate Sotheby's International Realty
Buyer's Agent
Supriya Gavande
Compass
List Price
$1,299,000
Sold Price
$1,210,000
Premium/Discount to List
-$89,000
-6.85%
Views
135
Current Estimated Value
$1,228,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,798
Avg. Annual Appreciation
0.67%
Original Mortgage
$1,149,500
Outstanding Balance
$1,124,287
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$104,511

Purchase Details

Closed on
Sep 11, 2006
Sold by
Oliver William G
Bought by
Oliver William G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kumar Akash $1,210,000 Chicago Title
Oliver William G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kumar Akash $1,149,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2023 09/05/23 Sold $1,210,000 -6.9% $1,159 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
07/14/2023 07/14/23 For Sale $1,299,000 -- $1,244 / 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 $15,102 $1,234,200 $617,100 $617,100
2024 $15,102 $1,210,000 $605,000 $605,000
2023 $21,084 $1,726,242 $863,121 $863,121
2022 $21,084 $1,692,396 $846,198 $846,198
2021 $20,670 $1,659,212 $829,606 $829,606
2020 $4,962 $343,571 $194,018 $149,553
2019 $4,902 $336,835 $190,214 $146,621
2018 $4,786 $330,232 $186,485 $143,747
2017 $4,702 $323,758 $182,829 $140,929
2016 $4,573 $317,411 $179,245 $138,166
2015 $4,523 $312,644 $176,553 $136,091
2014 $4,346 $306,521 $173,095 $133,426
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81934687

MLSListings

APN: 120-10-010