NOT LISTED FOR SALE

731 Loma Verde Ave Unit B Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $1,683,129 - $1,958,000

2 Beds
2.5 Baths
1,554 Sq Ft
$1,187/Sq Ft Est. Value

Last Sold May 25, 2013

Last sale price $1,000,000 $644 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $11,053/month

8 Days on Market

Highlights

  • Primary Bedroom Suite
  • Clubhouse
  • Wood Flooring
  • Palo Verde Elementary School Rated A+
  • Living Room with Fireplace
  • Modern Architecture

About This Home

As of May 2013

Welcome to comfortable & easy living in the heart of Palo Alto. This charismatic condo in desirable Midtown area feat. 2 bedrooms, 2½ baths,& 1,554 sq.ft. of living space. Relax after a long day of work in this cozy living room that feat. a granite tiled fireplace & a sliding glass door that leads out to the patio & side yard. The lovely courtyard & large swimming pool resembles a getaway resort.

Last Agent to Sell the Property

Ken Deleon

Deleon Realty License #01342140 Listed on: 04/17/2013

Last Buyer's Agent

Juliana Lee

Keller Williams Palo Alto License #00851314

Keller Williams Palo Alto

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $15,148

Year Built

  • Built in 1985

Lot Details

  • 2,091

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Guest Parking
  • Off-Street Parking

Home Design

  • Modern Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,554 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • High Ceiling
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Built-In Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Thermostat
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 127-64-012

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include landscaping / gardening, roof, sewer, exterior painting, garbage, insurance - liability
  • Laru Property Management Association

Amenities

  • Sauna
  • Clubhouse
  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Security

  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$15,148

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Subclass: Townhouse
  • Style: Modern / High Tech
  • Age: 28
  • Sale Price Per Sq Ft: 643.50
  • Level Street Main: 2 or more Primary Suites
  • Listing Class: Residential
  • Maximum Unit Levels: 1
  • Max Numberof Unitsin Building: 50
  • Structure Sq Ft: 1554
  • Barclay Horizontal: 12
  • Barclays Page: 12
  • Incorporated: Yes
  • Map Book Page: 791
  • Map Book Page Secondary: 12
  • Map Side Coordinate: 7
  • Map Side Coordinate Secondary: 82
  • Map Top Coordinate: D
  • Map Top Coordinate Secondary: 12
  • Thomas Bros Page: 791
  • Thomas Brothers: D7
  • Year Built: 1985
  • Zoning Description: R3GD
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Yes, Wood Burning
  • Dining Room: Formal Dining Room, No Informal Dining Room
  • Kitchen: Dishwasher, Cooktop, Garbage Disposal, Refrigerator, Microwave, Oven - Self Cleaning, Oven - Built-In
  • Living Sq Ft: 1554
  • Stories: 1
  • Security: Fire System - Sprinkler
  • Bedrooms: Primary Suite / Retreate - 2+
  • Laundry: In Laundry Room, Dryer, Washer, Gas Hookup
  • Flooring: Carpet - Wall to Wall, Hardwood
  • Maximum Bathrooms: 3
  • Maximum Numberof Bedrooms: 2
  • Minimum Bathrooms: 3
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: No Tub, Stall Shower

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Gate / Door Opener, Guest / Visitor Parking, Off-Street Parking, Underground Parking

Utilities

  • Heating System: Forced Air, Gas

Condo/Co-op/Association

  • HOA Fees: 630
  • HOA Amenities: Club House, Additional Storage, Elevator, Community Pool, Sauna / Spa / Hot Tub, Cable/ Satellite TV
  • HOA Documents: Articles of Incorporation, Bylaws, Budget, Financial Statement, Rules & Regulations
  • Association Fees Include: Landscaping / Gardening, Roof, Sewer, Exterior Painting, Garbage, Insurance - Liability
  • H O A Name Text: Laru Property Management
  • Levels In Unit: 1
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Wet Bar

Schools

  • School District: Palo Alto Unified
  • Elementary School: Palo Verde Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 320
  • Middle School: 322

Lot Info

  • Parcel Number: 127-64-012
  • List Price per Sq Ft: 577.86
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2100.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 2100.00
  • Lot Size Area Min Search: 2100.00
  • Maximum Lot Size: 2100.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Green Features

  • Energy Features: Thermostat Controller

Multi Family

  • Maximum Building Height: 3
  • Minimum Building Height: 1
  • Unit Features: Ground Floor

MLS Schools

  • High School District Text: Palo Alto Unified
  • Elementary School Text: Palo Verde Elementary
  • High School Text: Palo Alto High
  • Middle School Text: Jane Lathrop Stanford Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2013
Closed on
May 1, 2013
Sold by
Resch Phillip E and Resch Rosemary L
Bought by
Lu Haiying and Hu Yujie
Seller's Agent
Ken Deleon
Deleon Realty
Buyer's Agent
Juliana Lee
Keller Williams Palo Alto
List Price
$898,000
Sold Price
$1,000,000
Premium/Discount to List
$102,000
11.36%
Current Estimated Value
$1,844,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$844,782
Avg. Annual Appreciation
5.23%
Original Mortgage
$776,000
Outstanding Balance
$530,098
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$1,336,977

Purchase Details

Closed on
May 30, 2012
Sold by
Resch Phillip E and Resch Rosemary L
Bought by
Resch Phillip E and Resch Rosemary L

Purchase Details

Closed on
Jun 8, 1999
Sold by
Storkel Norman S
Bought by
Resch Phillip E and Resch Rosemary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,800
Interest Rate
6.87%

Purchase Details

Closed on
Aug 20, 1996
Sold by
Guerrero Lydia
Bought by
Storkel Norman S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
8.25%
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
Lu Haiying $1,000,000 Chicago Title Company
Resch Phillip E -- None Available
Resch Phillip E $441,000 First American Title Guarant
Storkel Norman S $285,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Haiying $776,000
Previous Owner Resch Phillip E $290,000
Previous Owner Resch Phillip E $165,000
Previous Owner Resch Phillip E $341,000
Previous Owner Resch Phillip E $344,000
Previous Owner Resch Phillip E $344,000
Previous Owner Resch Phillip E $352,800
Previous Owner Storkel Norman S $227,000
Previous Owner Storkel Norman S $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2013 05/25/13 Sold $1,000,000 +11.4% $644 / Sq Ft
04/25/2013 04/25/13 Pending -- -- --
04/17/2013 04/17/13 For Sale $898,000 -- $578 / 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 $15,148 $1,231,108 $615,463 $615,645
2024 $15,148 $1,206,970 $603,396 $603,574
2023 $14,924 $1,183,305 $591,565 $591,740
2022 $14,748 $1,160,104 $579,966 $580,138
2021 $14,458 $1,137,358 $568,595 $568,763
2020 $14,169 $1,125,697 $562,765 $562,932
2019 $14,010 $1,103,626 $551,731 $551,895
2018 $13,637 $1,081,987 $540,913 $541,074
2017 $13,397 $1,060,772 $530,307 $530,465
2016 $13,043 $1,039,973 $519,909 $520,064
2015 $12,913 $1,024,353 $512,100 $512,253
2014 $12,600 $1,004,288 $502,069 $502,219
Source: Public Records

Agents Affiliated with this Home

  • Ken Deleon

    Seller's Agent in 2013

    Ken Deleon

    Deleon Realty

    (650) 380-1420

    3 Total Sales

    Ken Deleon
    Section Image

  • J

    Buyer's Agent in 2013

    Juliana Lee

    Keller Williams Palo Alto

    Section Image
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Map

Source: MLSListings

MLS Number: ML81312524

MLSListings

APN: 127-64-012

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

731 Loma Verde Ave Unit B, Palo Alto, CA

This home is located at 731 Loma Verde Ave Unit B, Palo Alto, CA 94303 since 17 April 2013 and is currently estimated at $1,844,782, approximately $1,187 per square foot. This property was built in 1985. 731 Loma Verde Ave Unit B is a home located in Santa Clara County with nearby schools including Palo Verde Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

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