NOT LISTED FOR SALE

602 Middlefield Rd Palo Alto, CA 94301

University South Neighborhood

Estimated Value: $1,510,000 - $2,023,000

2 Beds
2 Baths
1,225 Sq Ft
$820/mo HOA Fee

Last Sold June 13, 2018

Last sale price $1,600,000 $1,306 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $11,588/month

12 Days on Market

Highlights

  • Balcony
  • Walk-In Closet
  • Electric Gate
  • Addison Elementary School Rated A+
  • Bathtub with Shower
  • Security Gate

About This Home

As of June 2018

Stately entrance to this security complex boasting European feel. Well sought after condo in 12 unit complex. Just blocks to shopping and dining in the vibrant prestigious Downtown Palo Alto. Close proximity to Stanford University and Stanford Shopping Center. Outstanding Palo Alto Schools. Tastefully staged. New interior paint. Master suite with built-in desk and walk-in closet.Private wrap around patio. Anderson Windows. Inside laundry. Underground Assigned One Car Parking.Open parking Space behind complex (FCFS). Extra storage on parking level.First floor unit. No Section One Items. Visitors may park in lot behind complex entering from Hamilton Ave.

Last Agent to Sell the Property

Wanda Chen

Apex Real Estate Investments License #00572848 Listed on: 05/09/2018

Last Buyer's Agent

Suh Lee

Compass License #01933567

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,852

Year Built

  • Built in 1981

Lot Details

  • 1,150

HOA Fees

  • $820 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Electric Gate

Interior Spaces

  • 1,225 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Security Gate

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Electric Dryer Hookup

Additional Features

  • Balcony
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 120-04-093

Community Details

Overview

  • Association fees include common area electricity, insurance - earthquake, insurance - flood, insurance - liability, insurance - structure, maintenance - exterior, reserves
  • 12 Units
  • Palo Alto Fountains Association
  • Built by Palo Alto Fountains Association

Amenities

  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,852

Year Built

Built in 1981

Lot Details

0

HOA Fees

$820 per month

Parking

1

Listing Details

  • Subclass: Condominium
  • Age: 37
  • Listing Class: Residential
  • Maximum Unit Floor Number: 1
  • Max Numberof Unitsin Building: 12
  • Min Numberof Unitsin Complex: 12
  • Structure Sq Ft: 1225
  • Complex Name: Palo Alto Fountains Association
  • Year Built: 1981
  • Zoning Description: RM2
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining Area in Living Room
  • Kitchen: Cooktop - Gas, Dishwasher, Garbage Disposal, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1225
  • Stories: 1
  • Security: Security Building
  • Bedrooms: Walk-in Closet
  • Laundry: Electricity Hookup (220V), Inside
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Shower and Tub, Stall Shower
  • Fireplace: Yes

Exterior Features

  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Assigned Spaces, Covered Parking, Electric Gate, Underground Parking

Utilities

  • Heating System: Baseboard
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 820
  • HOA Amenities: Additional Storage
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement, Minutes, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Insurance - Earthquake, Insurance - Flood, Insurance - Liability, Insurance - Structure, Maintenance - Exterior, Reserves
  • H O A Name Text: Palo Alto Fountains Association
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Security Gate, Walk-in Closet

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 120-04-093
  • Lot Acres: 0.0264
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1152.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1152.00

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 2
  • Minimum Building Height: 2

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
May 29, 2018
Sold by
Law Henry Wing Sang and Shyu Alice Wailyn
Bought by
Jia Xin and Chen Yihui
Seller's Agent
Wanda Chen
Apex Real Estate Investments
Buyer's Agent
Suh Lee
Compass
List Price
$1,480,000
Sold Price
$1,600,000
Premium/Discount to List
$120,000
8.11%
Current Estimated Value
$1,694,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,289
Avg. Annual Appreciation
0.71%
Original Mortgage
$1,161,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2011
Sold by
Shyu Alice
Bought by
Law Henry Wing Sang and Shyu Alice Wailyn
Source: Public Records

Range of Values:

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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
Jia Xin $1,600,000 Old Republic Title Co
Law Henry Wing Sang -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jia Xin $1,113,000
Closed Jia Xin $1,130,000
Closed Jia Xin $146,000
Closed Jia Xin $1,155,000
Closed Jia Xin $1,157,000
Closed Jia Xin $1,161,000
Previous Owner Shyu Alice $251,000
Previous Owner Bamesberger Ann E $70,000
Previous Owner Bamesberger Ann E $330,000
Previous Owner Bamesberger Ann E $57,657
Previous Owner Bamesberger Ann E $337,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2018 06/13/18 Sold $1,600,000 +8.1% $1,306 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $1,480,000 -- $1,208 / 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 $21,852 $1,820,522 $910,261 $910,261
2024 $21,852 $1,784,826 $892,413 $892,413
2023 $21,528 $1,749,830 $874,915 $874,915
2022 $21,277 $1,715,520 $857,760 $857,760
2021 $20,857 $1,681,884 $840,942 $840,942
2020 $20,431 $1,664,640 $832,320 $832,320
2019 $20,202 $1,632,000 $816,000 $816,000
2018 $10,189 $789,182 $394,591 $394,591
2017 $10,010 $773,708 $386,854 $386,854
2016 $9,744 $758,538 $379,269 $379,269
2015 $9,645 $747,146 $373,573 $373,573
2014 $9,385 $732,512 $366,256 $366,256
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2018

    Wanda Chen

    Apex Real Estate Investments

    (650) 941-3883

    9 Total Sales

    Wanda Chen
    Section Image

  • S

    Buyer's Agent in 2018

    Suh Lee

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81704607

MLSListings

APN: 120-04-093

California Santa Clara County Palo Alto 94301 University South

602 Middlefield Rd, Palo Alto, CA

This home is located at 602 Middlefield Rd, Palo Alto, CA 94301 since 09 May 2018 and is currently estimated at $1,694,289, approximately $1,383 per square foot. This property was built in 1981. 602 Middlefield Rd 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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