$1,675,000
SOLD APR 6, 2015
3 Beds
2.5 Baths
1,549 Sq Ft
2,657 Sq Ft Lot

Recently Sold

$1,081 Per Sq Ft

20% Above List Price

7 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • 2 Car Attached Garage
  • Palo Verde Elementary School Rated A+
  • Open to Family Room
  • Guest Parking

About This Home

As of June 2022

STUNNING TOWN-HOME STYLE IN PRIME MIDTOWN LOCATION. FORMAL LIVING ROOM WITH HIGH CEILINGS. GORGEOUS HARDWOOD FLOORS CONTINUE TO OPEN CONCEPT SECOND LEVEL WITH LIGHT-FILLED DINING AND FAMILY ROOM. LARGE EAT-IN KITCHEN WITH BEAUTIFUL CABINETRY AND STONEWORK. MASTER BEDROOM WITH DUAL VANITIES AND IMMENSE SOAKER TUB. A SPACIOUS HOME IN A SOUGHT-AFTER COMMUNITY.

Last Agent to Sell the Property

Miles McCormick

Keller Williams Palo Alto License #01184883 Listed on: 03/25/2015

Keller Williams Palo Alto

Last Buyer's Agent

Julie Tsai Law

Compass License #01339682

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,379

Year Built

  • Built in 1985

Parking

  • 2 Car Attached Garage
  • Guest Parking

Home Design

  • Contemporary Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,549 Sq Ft Home
  • 2-Story Property
  • Fireplace With Gas Starter
  • Family or Dining Combination
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Community Details

  • Property has a Home Owners Association
  • Association fees include common area electricity, decks, exterior painting, fencing, insurance - liability, landscaping / gardening, maintenance - common area, management fee, reserves, roof
  • Ferrari Community Management Company Association

Listing and Financial Details

  • Assessor Parcel Number 127-63-036

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,379

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Subclass: Condominium
  • Style: Contemporary
  • Age: 30
  • Listing Class: Residential
  • Structure Sq Ft: 1549
  • Year Built: 1985
  • Zoning Description: RM15
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Starter
  • Dining Room: Dining Area in Family Room, Eat in Kitchen
  • Kitchen: Dishwasher, Garbage Disposal, Microwave, Oven Range - Built-In, Refrigerator
  • Living Sq Ft: 1549
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Guest / Visitor Parking

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 555
  • Association Fees Include: Common Area Electricity, Decks, Exterior Painting, Fencing, Insurance - Liability, Landscaping / Gardening, Maintenance - Common Area, Management Fee, Reserves, Roof
  • H O A Name Text: Ferrari Community Management Company
  • H O A Exist: Yes

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 127-63-036
  • Lot Acres: 0.0610
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2640.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2640.00

Multi Family

  • Utilities: Individual Electric Meters

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2015
Closed on
Apr 2, 2015
Sold by
Nemelka Anthony L
Bought by
David D Lee & Joanne W Lee Trust and Lee Joanne W
Seller's Agent
Miles McCormick
Keller Williams Palo Alto
Buyer's Agent
Julie Tsai Law
Compass
List Price
$1,395,000
Sold Price
$1,675,000
Premium/Discount to List
$280,000
20.07%
Current Estimated Value
$2,093,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,712
Avg. Annual Appreciation
2.17%

Purchase Details

Closed on
Apr 8, 2011
Sold by
Notowidigdo Rama
Bought by
Nemelka Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 24, 2011
Sold by
Shutto Yoshiko
Bought by
Nemelka Anthony L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 15, 2007
Sold by
Mochdie Ratna I
Bought by
Notowidigdo Rama

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,700
Interest Rate
6.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 14, 2007
Sold by
Gmelch Walter H
Bought by
Notowidigdo Rama

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,700
Interest Rate
6.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 15, 2000
Sold by
Liljegren R P
Bought by
Gmelch Walter H and Gmelch Paula L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
8.15%

Purchase Details

Closed on
Aug 14, 2000
Sold by
Liljegren Sveta B
Bought by
Liljegren R Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
8.15%
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 Type Sale Price Title Company
Grant Deed $1,675,000 First American Title Company
Grant Deed $869,000 Orange Coast Title Company
Interfamily Deed Transfer -- Orange Coast Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $880,000 Fidelity National Title Co
Grant Deed $740,000 First American Title Guarant
Interfamily Deed Transfer -- First American Title Guarant
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $600,000 Adjustable Rate Mortgage/ARM
Previous Owner $343,700 Stand Alone Second
Previous Owner $417,000 Purchase Money Mortgage
Previous Owner $100,000 Credit Line Revolving
Previous Owner $207,000 Unknown
Previous Owner $210,000 No Value Available
Previous Owner $85,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2022 06/14/22 Sold $2,222,000 +11.2% $1,434 / Sq Ft
05/11/2022 05/11/22 Pending -- -- --
04/30/2022 04/30/22 For Sale $1,998,000 +19.3% $1,290 / Sq Ft
04/06/2015 04/06/15 Sold $1,675,000 +20.1% $1,081 / Sq Ft
04/01/2015 04/01/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $1,395,000 -- $901 / 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 $24,379 $1,950,000 $975,000 $975,000
2024 $24,379 $2,288,880 $1,144,440 $1,144,440
2023 $27,361 $2,244,000 $1,122,000 $1,122,000
2022 $23,520 $1,896,980 $948,490 $948,490
2021 $23,058 $1,859,786 $929,893 $929,893
2020 $22,586 $1,840,718 $920,359 $920,359
2019 $22,336 $1,804,626 $902,313 $902,313
2018 $21,727 $1,769,242 $884,621 $884,621
2017 $21,347 $1,734,552 $867,276 $867,276
2016 $20,786 $1,700,542 $850,271 $850,271
2015 $11,676 $926,356 $463,178 $463,178
2014 $11,381 $908,210 $454,105 $454,105
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81456810

MLSListings

APN: 127-63-036