$1,952,000 - $2,268,000
RENTED JUN 28, 2025
2 Beds
2.5 Baths
1,592 Sq Ft
327 Sq Ft Lot

Last Sold October 05, 2022

Last sale price $1,793,000 $1,126 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $12,665/month

Highlights

  • Main Floor Bedroom
  • Neighborhood Views
  • Walk-In Closet
  • Addison Elementary School Rated A+
  • 1 Car Attached Garage
  • 3-minute walk to Heritage Park

About This Home

As of June 2025

Beautiful property at University South area in very popular downtown Palo Alto. The property lives like a single-family home with a private entry, attached garage, devoted driveway, dedicated patio, front door mailbox, & in-home laundry area. Open concept living & dining room are bathed in natural light & boast hardwood floors, recessed lights, slate-tiled fireplace, & tree-top views. The chef's kitchen connects seamlessly & features stainless steel appliances & an entertaining island with pendant lights. Both bedrooms are en-suite. The larger primary w/vaulted ceilings & recessed lights, fits king-sized bed, has dual bathroom vanity, 3 wardrobe closets, extra storage closet, & reading alcove. The second bedroom is also en-suite & very private. All this walking distance to restaurants, coffee shops, Apple Store, Whole Foods, Gyms, Parks, libraries, transportation hubs, & Stanford University. Move-in ready !

Last Agent to Rent the Property

Kenji Yoshioka

Starts Pacific, Inc. Brokerage Phone: 310-922-0670 License #01293387 Listed on: 06/20/2025

Last Renter's Agent

Kenji Yoshioka

Starts Pacific, Inc. Brokerage Phone: 310-922-0670 License #01293387 Listed on: 06/20/2025

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,451

Year Built

  • Built in 1981

Lot Details

  • 327

Parking

  • 1 Car Attached Garage
  • Parking Available

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,592 Sq Ft Home
  • 3-Story Property
  • Living Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet

Outdoor Features

  • Patio
  • Exterior Lighting

Additional Features

  • 1 Common Wall
  • Central Heating

Community Details

  • Property has a Home Owners Association
  • 2 Units

Listing and Financial Details

  • Security Deposit $5,200
  • Rent includes association dues
  • 12-Month Minimum Lease Term
  • Available 6/20/25
  • Tax Lot 1
  • Tax Tract Number 6988
  • Assessor Parcel Number 12066017

Condo Details

Home Type

Condominium

Est. Annual Taxes

$22,451

Year Built

Built in 1981

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-06-20
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 5200
  • Furnished: Unfurnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • View: Yes
  • Zoning: RM5
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 12066017
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1592.00 Square Feet
  • Stories: 3
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3.45
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Walk-In Closet

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Patio
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Palo Alto Unified

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 326.00
  • Lot Size Acres: 0.0075

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 326.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Rent Includes: Association Dues

Tax Info

  • Tax Census Tract: 5113.02
  • Tax Lot: 1
  • Tax Tract Number: 6988

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Sep 23, 2022
Sold by
Bolen Family Trust
Bought by
Kabushiki Kaisha Eight & Company
Seller's Agent
Dulcy Freeman
Golden Gate Sotheby's International Realty
Buyer's Agent
Takahiro Oriuchi
Starts Pacific Inc
List Price
$1,798,000
Sold Price
$1,793,000
Premium/Discount to List
-$5,000
-0.28%
Views
19
Current Estimated Value
$2,043,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,976
Avg. Annual Appreciation
3.40%

Purchase Details

Closed on
Feb 2, 2007
Sold by
Gumucio Shelley A
Bought by
Bolen Scott T and Gumucio Shelley A

Purchase Details

Closed on
Jul 13, 2004
Sold by
Gumucio Shandele D
Bought by
Gumucio Shelley A
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
Kabushiki Kaisha Eight & Company $1,793,000 Chicago Title
Bolen Scott T -- None Available
Gumucio Shelley A $670,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2025 06/28/25 Rented $5,500 +5.8% --
06/24/2025 06/24/25 Under Contract -- -- --
06/20/2025 06/20/25 For Rent $5,200 +13.0% --
04/21/2023 04/21/23 Rented $4,600 -8.0% --
03/31/2023 03/31/23 Under Contract -- -- --
03/02/2023 03/02/23 Price Changed $5,000 -7.4% $3 / Sq Ft
10/06/2022 10/06/22 For Rent $5,400 0.0% --
10/05/2022 10/05/22 Sold $1,793,000 -0.3% $1,126 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
07/14/2022 07/14/22 For Sale $1,798,000 0.0% $1,129 / Sq Ft
07/06/2021 07/06/21 Rented $5,000 0.0% --
06/23/2021 06/23/21 For Rent $5,000 +4.2% --
09/29/2018 09/29/18 Rented -- -- --
09/26/2018 09/26/18 Under Contract -- -- --
09/10/2018 09/10/18 For Rent $4,800 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,451 $1,865,436 $932,718 $932,718
2024 $22,451 $1,828,860 $914,430 $914,430
2023 $22,120 $1,793,000 $896,500 $896,500
2022 $9,661 $732,792 $366,396 $366,396
2021 $9,471 $718,424 $359,212 $359,212
2020 $9,288 $711,058 $355,529 $355,529
2019 $9,181 $697,116 $348,558 $348,558
2018 $8,945 $683,448 $341,724 $341,724
2017 $8,787 $670,048 $335,024 $335,024
2016 $8,553 $656,910 $328,455 $328,455
2015 $8,465 $647,044 $323,522 $323,522
2014 $8,224 $634,370 $317,185 $317,185
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25138760

California Regional Multiple Listing Service (CRMLS)

APN: 120-66-017