NOT LISTED FOR SALE

747 Loma Verde Ave Unit B Palo Alto, CA 94303

Midtown Palo Alto Neighborhood

Estimated Value: $1,680,000 - $1,983,000

2 Beds
2.5 Baths
1,494 Sq Ft
$1,252/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $1,850,000 $1,238 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $12,241/month

7 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • High Ceiling
  • Palo Verde Elementary School Rated A+
  • Attic
  • Neighborhood Views

About This Home

As of June 2021

A bright, inviting ambiance greets you from the moment you step inside this stylish Midtown home. Soaring ceilings and natural light abound throughout the open floorplan w/nearly 1,500 sf of living space. Highlights incl. the living room w/centerpiece fireplace and access to an outdoor patio, the kitchen w/stainless-steel appliances incl. a new refrigerator, and the dining room that opens to the kitchen for entertaining. 2 bedrooms, each w/new carpet, incl. the expansive master suite, and the additional bedroom with a private balcony. Plus this home enjoys new hardwood floors and remodeled bathrooms w/quartz countertops, while a laundry closet and the attached 2-car garage provide convenience. Find yourself moments to California Avenue, blocks from the Midtown Shopping Center, and a short trip to downtown Palo Alto and Stanford University, with easy access to both Caltrain and US 101. Plus, top-ranked schools Palo Verde Elementary and JLS Middle are both within approximately 1 mile.

Last Agent to Sell the Property

Michael Repka

Deleon Realty License #70010006 Listed on: 05/13/2021

Last Buyer's Agent

Jonathan Ong

KW Santa Clara Valley Inc License #02042406

KW Santa Clara Valley Inc

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $21,384

Year Built

  • 1985

Lot Details

  • 2,640 Sq Ft Lot
  • Fenced
  • Drought Tolerant Landscaping
  • Grass Covered Lot

HOA Fees

  • $580 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,494 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Living Room with Fireplace
  • Family or Dining Combination
  • Storage Room
  • Neighborhood Views
  • Attic

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Dual Sinks
  • Dual Flush Toilets
  • Low Flow Toliet
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Thermostat
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Community Details

Overview

  • Association fees include cable / dish, insurance - common area, insurance - earthquake, insurance - liability, maintenance - common area, management fee, water
  • Loma Verde Village HOA
  • The community has rules related to parking rules

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$21,384

Year Built

1985

Lot Details

0

HOA Fees

$580 per month

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Townhouse
  • Style: Contemporary
  • Restrictions: Parking Restrictions, Pets - Allowed
  • Age: 36
  • Listing Class: Residential
  • Structure Sq Ft: 1494
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1985

Interior Features

  • Fireplace: Gas Starter, Living Room, Wood Burning
  • Dining Room: Dining Area, Dining Area In Family Room, No Formal Dining Room
  • Kitchen: 220 Volt Outlet, Countertop - Other, Dishwasher, Exhaust Fan, Garbage Disposal, Ice Maker, Microwave, Oven - Self Cleaning, Oven Range - Electric, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1494
  • Stories: 3
  • Security: Fire Alarm, Fire System - Sprinkler
  • Laundry: Dryer, Electricity Hookup (110V), Electricity Hookup (220V), Inside, Upper Floor, Washer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Attic, Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Dual Flush Toilet, Shower Over Tub - 1, Stall Shower, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Metal
  • View: Neighborhood
  • Yard/Grounds: Balcony / Patio, Drought Tolerant Plants, Fenced, Low Maintenance
  • Construction Type: Wood, Wood Frame

Garage/Parking

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

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air - Gas, Fireplace, Gas
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 580
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Cable / Dish, Insurance - Common Area, Insurance - Earthquake, Insurance - Liability, Maintenance - Common Area, Management Fee, Water
  • HOA Exist: Yes
  • H O A Name Text: Loma Verde Village HOA

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

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

  • Lot Description: Grade - Level
  • Lot Acres: 0.0606
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2640.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2640.00

Green Features

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

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
May 25, 2021
Sold by
Blechen Laura and John B And Hela B Pettegrew 19
Bought by
Lin Ting Ru
Seller's Agent
Michael Repka
Deleon Realty
Buyer's Agent
Jonathan Ong
KW Santa Clara Valley Inc
List Price
$1,588,000
Sold Price
$1,850,000
Premium/Discount to List
$262,000
16.5%
Current Estimated Value
$1,870,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,593
Avg. Annual Appreciation
0.26%
Original Mortgage
$822,375
Outstanding Balance
$744,558
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,126,035

Purchase Details

Closed on
Jun 8, 2006
Sold by
Pettegrew John B
Bought by
Pettegrew John B

Purchase Details

Closed on
Nov 21, 2003
Sold by
Apter Merrill
Bought by
Pettegrew John B and Pettegrew Hela B

Purchase Details

Closed on
Dec 8, 1998
Sold by
Fernandez Phillip M and Fernandez David L
Bought by
Apter Merrill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.86%
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
Lin Ting Ru $1,850,000 Chicago Title Company
Pettegrew John B -- None Available
Pettegrew John B $609,000 Financial Title Company
Apter Merrill $380,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Ting Ru $822,375
Previous Owner Apter Merrill $100,000
Previous Owner Apter Merrill $300,000
Previous Owner Fernandez Phillip M $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2021 06/17/21 Sold $1,850,000 +16.5% $1,238 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $1,588,000 -- $1,063 / 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 $21,384 $1,950,000 $975,000 $975,000
2024 $21,384 $1,745,000 $872,500 $872,500
2023 $22,085 $1,790,000 $895,000 $895,000
2022 $23,401 $1,887,000 $943,500 $943,500
2021 $10,441 $799,915 $361,209 $438,706
2020 $10,237 $791,714 $357,506 $434,208
2019 $10,121 $776,192 $350,497 $425,695
2018 $9,857 $760,974 $343,625 $417,349
2017 $9,684 $746,054 $336,888 $409,166
2016 $9,426 $731,427 $330,283 $401,144
2015 $9,330 $720,441 $325,322 $395,119
2014 $9,075 $706,330 $318,950 $387,380
Source: Public Records

Agents Affiliated with this Home

  • Michael Repka

    Seller's Agent in 2021

    Michael Repka

    Deleon Realty

    (650) 488-7325

    29 in this area

    771 Total Sales

    Michael Repka
    Section Image
  • Jonathan Ong

    Buyer's Agent in 2021

    Jonathan Ong

    KW Santa Clara Valley Inc

    (408) 215-8875

    1 in this area

    19 Total Sales

    Jonathan Ong
    Section Image
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Map

Source: MLSListings

MLS Number: ML81843633

MLSListings

APN: 127-63-002

California Santa Clara County Palo Alto 94303 Midtown Palo Alto

747 Loma Verde Ave Unit B, Palo Alto, CA

This home is located at 747 Loma Verde Ave Unit B, Palo Alto, CA 94303 since 13 May 2021 and is currently estimated at $1,870,593, approximately $1,252 per square foot. This property was built in 1985. 747 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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