NOT LISTED FOR SALE

550 Everett Ave Unit 5 Palo Alto, CA 94301

Downtown North Neighborhood

Estimated Value: $1,320,000 - $2,001,000

2 Beds
2 Baths
1,412 Sq Ft
436 Sq Ft Lot

Last Sold September 28, 2016

Last sale price $1,525,000 $1,080 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $10,585/month

7 Days on Market

Highlights

  • Wood Flooring
  • Solid Surface Bathroom Countertops
  • High Ceiling
  • Addison Elementary School Rated A+
  • Attic
  • 4-minute walk to Johnson Park

About This Home

As of September 2016

High ceilings, hardwood floors, and open spaces refine this top-level 2 bed/2 bath corner condo of 1,412 sq. ft. (per county). Boasting access to 2-car garage, this tastefully updated home also provides versatile office, 2 balconies, and luxuriously remodeled master bathroom. Stroll to Johnson Park and popular University Avenue attractions. Easily bike to high-performing Palo Alto schools.

Last Agent to Sell the Property

Michael Repka

Deleon Realty License #70010006 Listed on: 08/24/2016

Last Buyer's Agent

Amy Sung

Compass License #01436684

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,269

Year Built

  • Built in 1982

Lot Details

  • 436

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • On-Street Parking
  • Assigned Parking

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Tile Roof

Interior Spaces

  • 1,412 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Wood Burning Fireplace
  • Double Pane Windows
  • Combination Dining and Living Room
  • Den
  • Attic

Kitchen

  • Breakfast Bar
  • Built-In Self-Cleaning Oven
  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Corian Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Solid Surface Bathroom Countertops
  • Dual Sinks
  • Low Flow Toliet
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Garden Bath
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Home Security

Utilities

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

Additional Features

  • Balcony
  • Wood Fence

Listing and Financial Details

  • Assessor Parcel Number 120-10-023

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include exterior painting, insurance - common area, insurance - earthquake, insurance - liability, management fee, reserves, roof
  • Portman Condominium Association

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,269

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Subclass: Condominium
  • Age: 34
  • Listing Class: Residential
  • Structure Sq Ft: 1412
  • Year Built: 1982
  • Zoning Description: PA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Breakfast Bar, Dining Area in Living Room
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Solid Surface / Corian, Dishwasher, Exhaust Fan, Garbage Disposal, Ice Maker, Microwave, Oven - Built-In, Oven - Electric, Oven - Self Cleaning, Pantry Cabinet, Refrigerator
  • Living Sq Ft: 1412
  • Stories: 1
  • Security: Fire System - Sprinkler
  • Laundry: Dryer, Hookup - Electric, Washer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Attic, Den / Study / Office, Office Area
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Shower and Tub, Solid Surface, Stall Shower, Sunken / Garden Tub, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tile
  • Yard/Grounds: Balcony / Patio
  • Fencing: Rail, Wood
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Assigned Spaces, Detached Garage, Gate / Door Opener, On Street

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Condo/Co-op/Association

  • HOA Fees: 516
  • Association Fees Include: Exterior Painting, Insurance - Common Area, Insurance - Earthquake, Insurance - Liability, Management Fee, Reserves, Roof
  • H O A Name Text: Portman Condominium Association
  • H O A Exist: Yes

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: David Starr Jordan Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Parcel Number: 120-10-023
  • Lot Acres: 0.0100
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 435.60
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 435.60

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet, Thermostat Controller

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, 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: David Starr Jordan Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2016
Closed on
Sep 7, 2016
Sold by
Hokama Tyler and Hokama Donna
Bought by
Chiu Simon S
Seller's Agent
Michael Repka
Deleon Realty
Buyer's Agent
Amy Sung
Compass
List Price
$1,298,000
Sold Price
$1,525,000
Premium/Discount to List
$227,000
17.49%
Current Estimated Value
$1,654,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,055
Avg. Annual Appreciation
2.49%
Original Mortgage
$1,145,000
Outstanding Balance
$917,058
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$983,784

Purchase Details

Closed on
Jul 19, 2005
Sold by
Watson Irene Marie
Bought by
Hokama Tyler and Hokama Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
5.46%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 21, 1999
Sold by
Watson Irene M
Bought by
Watson Irene Marie

Purchase Details

Closed on
Oct 12, 1998
Sold by
Shiffman Daniel M and Frances Mary
Bought by
Watson Irene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.79%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 30, 1998
Sold by
Newkirk John A
Bought by
Watson Irene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.79%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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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
Chiu Simon S $1,525,000 Chicago Title Company
Hokama Tyler -- Old Republic Title Company
Watson Irene Marie -- --
Watson Irene M $530,000 Old Republic Title Company
Watson Irene M -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chiu Simon S $1,145,000
Previous Owner Hokama Tyler $625,000
Previous Owner Hokama Tyler $680,000
Previous Owner Hokama Tyler $98,843
Previous Owner Hokama Tyler $142,800
Previous Owner Hokama Tyler $761,600
Previous Owner Watson Irene Marie $200,000
Previous Owner Watson Irene Marie $120,000
Previous Owner Watson Irene M $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2016 09/28/16 Sold $1,525,000 +17.5% $1,080 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $1,298,000 -- $919 / 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 $21,269 $1,769,890 $884,945 $884,945
2024 $21,269 $1,735,188 $867,594 $867,594
2023 $20,232 $1,640,000 $820,000 $820,000
2022 $20,709 $1,667,810 $833,905 $833,905
2021 $20,300 $1,635,108 $817,554 $817,554
2020 $19,886 $1,618,342 $809,171 $809,171
2019 $19,663 $1,586,610 $793,305 $793,305
2018 $19,129 $1,555,500 $777,750 $777,750
2017 $18,792 $1,525,000 $762,500 $762,500
2016 $13,654 $1,098,989 $548,340 $550,649
2015 $13,516 $1,082,482 $540,104 $542,378
2014 $13,192 $1,061,279 $529,525 $531,754
Source: Public Records

Agents Affiliated with this Home

  • Michael Repka

    Seller's Agent in 2016

    Michael Repka

    Deleon Realty

    (650) 488-7325

    13 in this area

    775 Total Sales

    Michael Repka
    Section Image

  • A

    Buyer's Agent in 2016

    Amy Sung

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81601392

MLSListings

APN: 120-10-023

California Santa Clara County Palo Alto 94301 Downtown North

550 Everett Ave Unit 5, Palo Alto, CA

This home is located at 550 Everett Ave Unit 5, Palo Alto, CA 94301 since 24 August 2016 and is currently estimated at $1,654,055, approximately $1,171 per square foot. This property was built in 1982. 550 Everett Ave Unit 5 is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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