NOT LISTED FOR SALE

Estimated Value: $1,418,000 - $1,746,000

2 Beds
2 Baths
1,367 Sq Ft
$517/ mo HOA Fee

Last Sold April 29, 2021

Last sale price $1,430,000 $1,046 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $10,091/month

59 Days on Market

Highlights

  • Jetted Soaking Tub in Primary Bathroom
  • Wood Flooring
  • End Unit
  • Addison Elementary School Rated A+
  • Attic
  • 3-minute walk to Johnson Park

About This Home

As of April 2021

WOW!! HUGE PRICE IMPROVEMENT. AMAZING CONDOMINIUM WITH MOVE-IN CONDITION. It located in a quiet neighborhood in Palo Alto. An open floor plan concept with two bedrooms and two baths with an extra room for an office. Stainless steel appliances; the laundry room is in the unit and extra storage is in the attic. One parking in a covered garage and one assigned spot outside. Only 5 units in the well-maintained complex with low HOA ($1,550/Quarter). Walking distance to downtown Palo Alto, restaurants, banks, post office, library, and parks. Short distance to freeway 101. Top-rated school district. Must see to appreciate! A virtual tour is available: https://real.vision/546-everett-avenue/tour. IT WILL NOT LAST LONG!!!

Last Agent to Sell the Property

Theresia Tan

eXp Realty of California Inc License #02016231 Listed on: 01/21/2021

eXp Realty of California Inc

Last Buyer's Agent

Mark Wang

Portico Realty and Investment License #01422216

Property Details

Home Type

  • Condominium

Year Built

  • 1982

Lot Details

  • End Unit
  • North Facing Home
  • Gated Home
  • Partially Fenced Property
  • Wood Fence
  • Sprinklers on Timer
  • Mostly Level

HOA Fees

  • $517 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Secured Garage or Parking
  • On-Street Parking
  • Uncovered Parking
  • Metered Parking
  • Assigned Parking

Home Design

  • Reinforced Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Floor Insulation
  • Tile Roof
  • Clay Roof
  • Quake Bracing
  • Stucco

Interior Spaces

  • 1,367 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Den
  • Storage Room
  • Crawl Space
  • Attic

Kitchen

  • Gas Oven
  • Self-Cleaning Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Sinks
  • Low Flow Toliet
  • Jetted Soaking Tub in Primary Bathroom
  • Oversized Bathtub in Primary Bathroom
  • Bathtub Includes Tile Surround
  • Walk-in Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Panic Alarm

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Thermostat
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Additional Features

  • Energy-Efficient Insulation
  • Balcony

Community Details

Overview

  • Association fees include common area electricity, common area gas, exterior painting, fencing, garbage, insurance, insurance - common area, insurance - earthquake, insurance - hazard, insurance - liability, insurance - structure, landscaping / gardening, maintenance - common area, maintenance - exterior, maintenance - road, maintenance - unit yard, management fee, reserves, roof, sewer
  • Portman II HOA
  • The community has rules related to parking rules

Amenities

  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

1982

Lot Details

436 Sq Ft Lot

HOA Fees

$517 per month

Parking

1

Listing Details

  • Zoning: RM4
  • Subclass: Condominium
  • Restrictions: Age - No Restrictions, Parking Restrictions, Pets - Cats Permitted, Pets - Dogs Permitted
  • Listing Class: Residential
  • Structure Sq Ft: 1367
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1982

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area In Living Room, No Formal Dining Room
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Gas, Ice Maker, Island, Microwave, Oven - Gas, Oven - Self Cleaning, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1367
  • Stories: 1
  • Security: Fire Alarm, Fire System - Sprinkler, Panic Alarm, Secured Garage / Parking, Security Alarm
  • Laundry: Dryer, Electricity Hookup (220V), Inside, Washer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Attic, Den / Study / Office, Laundry Room, Office Area, Storage
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Granite, Primary - Oversized Tub, Primary - Stall Shower(s), Primary - Tub With Jets, Stall Shower, Tile, Tub, Tub In Primary Bedroom, Updated Bath

Exterior Features

  • Foundation: Concrete Grid, Crawl Space, Quake Bracing, Reinforced Concrete, Sealed Crawlspace
  • Roof: Clay, Tile
  • Yard/Grounds: Balcony / Patio, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Gate, Partial Fencing, Wood
  • Property Faces: North
  • Construction Type: Stucco, Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Assigned Spaces, Attached Garage, Metered Or Fee, On Street, Uncovered Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 517
  • HOA Amenities: Additional Storage
  • HOA Documents: Bylaws, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Common Area Gas, Exterior Painting, Fencing, Garbage, Insurance, Insurance - Common Area, Insurance - Earthquake, Insurance - Hazard, Insurance - Liability, Insurance - Structure, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Maintenance - Road, Maintenance - Unit Yard, Management Fee, Reserves, Roof, Sewer
  • HOA Exist: Yes
  • H O A Name Text: Portman II HOA

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Schools

  • High School: 327

Lot Info

  • Lot Description: Grade - Mostly Level, Surveyed

Green Features

  • Energy Features: Ceiling Insulation, Energy Star Appliances, Insulation - Floor, Low Flow Shower, Low Flow Toilet, Thermostat Controller, Walls Insulated

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Maximum Building Height: 2
  • Minimum Building Height: 2
  • Unit Features: End Unit, Other Unit Below, Unit Faces Street

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
Apr 20, 2021
Sold by
Corman Tedd
Bought by
Lu Zhenjian and Chen Hui
Seller's Agent
Theresia Tan
eXp Realty of California Inc
Buyer's Agent
Mark Wang
Portico Realty and Investment
List Price
$1,598,000
Sold Price
$1,430,000
Premium/Discount to List
-$168,000
-10.51%
Current Estimated Value
$1,540,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,436
Avg. Annual Appreciation
1.54%
Original Mortgage
$1,144,000
Outstanding Balance
$1,032,893
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$507,543

Purchase Details

Closed on
Jan 7, 2003
Sold by
Chen Peggy
Bought by
Corman Tedd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.96%

Purchase Details

Closed on
Jul 25, 1997
Sold by
Levine Steven D
Bought by
Corman Tedd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 1997
Sold by
Corman Judith Y
Bought by
Corman Tedd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.57%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lu Zhenjian $1,430,000 Lawyers Title Company
Corman Tedd $1,030,000 Old Republic Title Company
Corman Tedd -- Chicago Title Co
Corman Tedd -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Zhenjian $1,144,000
Previous Owner Corman Tedd $650,000
Previous Owner Corman Tedd $360,000
Previous Owner Corman Tedd $360,000
Closed Corman Tedd $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2021 04/29/21 Sold $1,430,000 -1.4% $1,046 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/10/2021 03/10/21 Price Changed $1,450,000 -3.3% $1,061 / Sq Ft
02/22/2021 02/22/21 Price Changed $1,499,888 -6.1% $1,097 / Sq Ft
01/21/2021 01/21/21 For Sale $1,598,000 -- $1,169 / Sq Ft
Source: MLSListings

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 $18,713 $1,547,876 $773,938 $773,938
2024 $18,713 $1,517,526 $758,763 $758,763
2023 $18,435 $1,487,772 $743,886 $743,886
2022 $18,218 $1,458,600 $729,300 $729,300
2021 $8,738 $663,808 $221,265 $442,543
2020 $8,570 $657,003 $218,997 $438,006
2019 $8,469 $644,121 $214,703 $429,418
2018 $8,251 $631,493 $210,494 $420,999
2017 $8,104 $619,112 $206,367 $412,745
2016 $7,886 $606,973 $202,321 $404,652
2015 $7,803 $597,856 $199,282 $398,574
2014 $7,571 $586,146 $195,379 $390,767
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81826674

MLSListings

APN: 120-10-021

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