NOT LISTED FOR SALE

Estimated Value: $2,492,877 - $2,891,000

4 Beds
2 Baths
1,638 Sq Ft
697 Sq Ft Lot

Last Sold February 10, 2016

Last sale price $2,250,000 $1,374 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $17,127/month

4 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Fireplace
  • Addison Elementary School Rated A+
  • Subterranean Parking
  • Bathtub

About This Home

As of February 2016

A rare opportunity to purchase a 4 bedroom unit in downtown Palo Alto. Situated in the North Tower of a secure building, this quiet and spacious one level unit has all modern amenities. Includes extra storage and two parking spaces in underground gated garage. Just a short walk away from University Avenue shopping and dining, Stanford University and Whole Foods.

Last Agent to Sell the Property

Michael Dreyfus

Golden Gate Sotheby's International Realty License #01121795 Listed on: 01/14/2016

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Jim Mu

Redfin License #01386168

Redfin

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $31,640

Year Built

  • Built in 2006

Lot Details

  • 697

Parking

  • Subterranean Parking
  • Garage Door Opener

Home Design

  • Composition Roof

Interior Spaces

  • 1,638 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Family or Dining Combination
  • Washer and Dryer

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub
  • Walk-in Shower

Additional Features

  • Forced Air Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • Tri State Enterprises Association
  • Built by Tri-State Enterprises

Listing and Financial Details

  • Assessor Parcel Number 120-71-034

Property Details

Home Type

Condominium

Est. Annual Taxes

$31,640

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Subclass: Condominium
  • Age: 10
  • Listing Class: Residential
  • Structure Sq Ft: 1638
  • Complex Name: Tri-State Enterprises
  • Incorporated: Yes
  • Year Built: 2006
  • Zoning Description: CDS
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace: Yes
  • Dining Room: Dining Area in Family Room
  • Living Sq Ft: 1638
  • Stories: 1
  • Security: Security Building
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Stall Shower, Tub
  • Fireplace: Yes

Exterior Features

  • Roof: Composition
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Gate / Door Opener, Underground Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 516
  • H O A Name Text: Tri-State Enterprises
  • H O A Exist: Yes

Schools

  • School District: Palo Alto Unified

Lot Info

  • Parcel Number: 120-71-034
  • Lot Acres: 0.0160
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 688.25
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 688.25

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Palo Alto Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2016
Closed on
Feb 4, 2016
Sold by
Deshpande Salil R and Deshpande Anupama S
Bought by
Fu Vivian
Seller's Agent
Michael Dreyfus
Golden Gate Sotheby's International Realty
Buyer's Agent
Jim Mu
Redfin
List Price
$2,198,000
Sold Price
$2,250,000
Premium/Discount to List
$52,000
2.37%
Current Estimated Value
$2,659,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,292
Avg. Annual Appreciation
1.77%

Purchase Details

Closed on
Mar 26, 2012
Sold by
Cooper Matthew T and Cooper Amee J
Bought by
Deshpande Salil R and Deshpande Anupama S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,092,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2006
Sold by
Palo Alto High Street Partners Llc
Bought by
Cooper Matthew T and Cooper Amee J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving
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
Fu Vivian $2,250,000 Chicago Title Company
Deshpande Salil R $1,399,750 Old Republic Title Company
Cooper Matthew T -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deshpande Salil R $1,092,000
Previous Owner Cooper Matthew T $1,000,000
Previous Owner Cooper Matthew T $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2016 02/10/16 Sold $2,250,000 +2.4% $1,374 / Sq Ft
01/19/2016 01/19/16 Pending -- -- --
01/14/2016 01/14/16 For Sale $2,198,000 -- $1,342 / 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 $31,640 $2,663,542 $1,331,771 $1,331,771
2024 $31,640 $2,611,316 $1,305,658 $1,305,658
2023 $31,175 $2,560,114 $1,280,057 $1,280,057
2022 $30,817 $2,509,916 $1,254,958 $1,254,958
2021 $30,211 $2,460,702 $1,230,351 $1,230,351
2020 $29,587 $2,435,472 $1,217,736 $1,217,736
2019 $29,261 $2,387,718 $1,193,859 $1,193,859
2018 $28,457 $2,340,900 $1,170,450 $1,170,450
2017 $27,959 $2,295,000 $1,147,500 $1,147,500
2016 $18,184 $1,485,454 $742,727 $742,727
2015 $18,004 $1,463,142 $731,571 $731,571
2014 $17,607 $1,434,482 $717,241 $717,241
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81546956

MLSListings

APN: 120-71-034