NOT LISTED FOR SALE

Estimated Value: $634,000 - $667,000

1 Bed
1 Bath
682 Sq Ft
$650/mo HOA Fee

Last Sold March 03, 2021

Last sale price $755,000 $1,107 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $5,119/month

8 Days on Market

Highlights

  • Fitness Center
  • 4-minute walk to San Francisco 4Th & King
  • Clubhouse
  • Built-In Refrigerator
  • 1.45 Acre Lot
  • Quartz Countertops

About This Home

As of March 2021

Sought after high floor 1 Bedroom Condo at The Palms! A prominent full-service luxury building in South Beach boasting fantastic amenities: Stylish Inviting Entry and Lobby with 24-hour Attendant, Large Fitness Center + Yoga Studio, Business Center with Conference Room. Theater and Owner's Lounge Reservable for Private Events. The luxurious unit features a walkout balcony overlooking the magnificently landscaped Palms Park courtyard, an ample kitchen with gas range, built-in oven and microwave, Sub Zero refrigerator, quartz countertops, Studio Becker cabinets, and tile floor, an open natural light-filled living and dining floor plan with gorgeous wood floors and sliding glass doors, an extra-large bedroom with a well-fitted sizable closet, a beautifully appointed bath, an in-unit laundry closet with washer/dryer, and deeded one car parking. Transit Score 100, Walk Score 98, Bike Score 96. An altogether amazing urban chic home.

Last Agent to Sell the Property

Ravi Malhotra

Corcoran Icon Properties License #01252344 Listed on: 01/24/2021

Last Buyer's Agent

Anthony Christen

Coldwell Banker Realty License #01326401

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,106

Year Built

  • Built in 2006

Lot Details

  • 1.45

HOA Fees

  • $650 Monthly HOA Fees

Interior Spaces

  • 682 Sq Ft Home
  • Combination Dining and Living Room

Kitchen

  • Built-In Gas Oven
  • Built-In Gas Range
  • Range Hood
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

Parking

  • 1 Parking Space
  • Side by Side Parking
  • Assigned Parking

Additional Features

  • Accessible Elevator Installed
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 3776397

Community Details

Overview

  • Association fees include door person, maintenance exterior, ground maintenance, management, trash, water, elevator
  • 302 Units
  • The Palms Owners Association, Phone Number (415) 777-5200
  • High-Rise Condominium

Amenities

Recreation

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,106

Year Built

Built in 2006

Lot Details

0

HOA Fees

$650 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Subtype Description: Hi-Rise (9+), Luxury
  • Accessibility Features: Accessible Elevator Installed
  • Year Built: 2006
  • Accessory Dwelling Unit Second Unit: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Bedrooms: 1
  • Master Bedroom Features: Balcony
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Dining Room Features: Dining/Living Combo
  • Number Of Rooms: 4
  • Appliances: Built-in Gas Oven, Built-in Gas Range, Built-in Refrigerator, Dishwasher, Disposal, Gas Cook Top, Hood Over Range, Microwave
  • Bathroom Features: Quartz, Tile, Tub w/Shower Over
  • Kitchen Features: Quartz Counter
  • Laundry Features: Laundry Closet, Washer/Dryer Stacked Included
  • Price Per Square Foot: 1107.04
  • Square Footage: 682.00

Exterior Features

  • Driveway Sidewalks: Paved Driveway, Paved Sidewalk
  • Exterior Features: Balcony

Garage/Parking

  • Parking Access: Side by Side
  • Parking Features: Side-by-Side
  • Parking Fees: No
  • Parking Type: On Site - Assigned (Condo Only)
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Central

Association/Amenities

  • Association Features: Clubhouse, Exercise Room, Gym, See Remarks
  • Association Name: The Palms Owners Association

Condo/Co-op/Association

  • Unit: 826
  • Association Fee: 650
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Door Person, Maintenance Exterior, Maintenance Grounds, Management, Trash, Water, Elevator
  • Phone: (415) 777-5200

Schools

  • School District: San Francisco

Lot Info

  • Assessor Parcel Number: 3776397
  • Lot Size Acres: 1.4517
  • Lot Size Sq Ft: 63237.00
  • Lot Size Units: SqFt
  • Price Per Acre: 520079.91

Rental Info

  • Pets Allowed: Cats OK, Dogs OK, Number Limit

Multi Family

  • Number Of Units: 302

MLS Schools

  • School District County: San Francisco

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2021
Closed on
Feb 24, 2021
Sold by
Malhotra Sudarshan K and Malhotra Gladys C
Bought by
Li Zheng
Seller's Agent
Ravi Malhotra
Corcoran Icon Properties
Buyer's Agent
Anthony Christen
Coldwell Banker Realty
List Price
$759,000
Sold Price
$755,000
Premium/Discount to List
-$4,000
-0.53%
Total Days on Market
8
Current Estimated Value
$646,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$108,918
Avg. Annual Appreciation
-3.65%
Original Mortgage
$566,250
Outstanding Balance
$513,337
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$131,216

Purchase Details

Closed on
Sep 10, 2012
Sold by
Malhotra Sudarshan and Malhotra Gladys
Bought by
Malhotra Sudarshan K and Malhotra Gladys C

Purchase Details

Closed on
Jun 20, 2006
Sold by
555 Fourth Street Associates Llc
Bought by
Malhotra Sudarshan and Malhotra Gladys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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
Li Zheng $755,000 Old Republic Title Company
Malhotra Sudarshan K -- None Available
Malhotra Sudarshan -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Zheng $566,250
Previous Owner Malhotra Sudarshan K $426,500
Previous Owner Malhotra Sudarshan K $146,000
Previous Owner Malhotra Sudarshan $415,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2021 03/03/21 Sold $755,000 -0.5% $1,107 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/24/2021 01/24/21 For Sale $759,000 -- $1,113 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

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 $10,106 $801,211 $480,727 $320,484
2023 $9,942 $785,501 $471,301 $314,200
2022 $9,742 $770,100 $462,060 $308,040
2021 $10,205 $802,103 $481,264 $320,839
2020 $10,311 $793,880 $476,330 $317,550
2019 $9,912 $778,315 $466,991 $311,324
2018 $9,579 $763,055 $457,835 $305,220
2017 $9,168 $748,094 $448,858 $299,236
2016 $9,007 $733,426 $440,057 $293,369
2015 $8,895 $722,410 $433,447 $288,963
2014 $7,860 $640,000 $384,000 $256,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 513535

San Francisco Association of REALTORS® MLS

APN: 3776-397