881 Federation Way Palo Alto, CA 94303
Adobe Meadow-Meadow Park NeighborhoodEstimated Value: $868,089 - $1,126,000
1
Bed
1
Bath
822
Sq Ft
$400/mo
HOA Fee
Highlights
- Wood Flooring
- Corner Lot
- Neighborhood Views
- Fairmeadow Elementary School Rated A+
- Quartz Countertops
- Balcony
About This Home
As of April 2022Bright and cozy 1 bed, 1 bath corner unit condo in the desirable Altaire community adjacent to the Oshman Family JCC. The interior offers an open floor plan with spacious living room, wood floors, recessed lights, and dual-paned windows. The eat-in kitchen includes an island with sink, breakfast bar, quartz countertops, stainless steel appliances, track lighting, and Euro style cabinets. Other highlights include a lovely shady patio area, stacked washer and dryer, two additional hallway closets with custom built cabinetry, underground parking with tandem parking, additional storage space, and shared car wash for residents. Close to Google Campus, Top Palo Alto schools, Downtown Palo Alto, and Charleston food and grocery stores.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,837
Year Built
- 2011
Lot Details
- 871
HOA Fees
- $400 Monthly HOA Fees
Home Design
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 822 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Combination Dining and Living Room
- Neighborhood Views
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Dishwasher
- Kitchen Island
- Quartz Countertops
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 1 Bedroom
- Walk-In Closet
- 1 Full Bathroom
- Bathtub with Shower
- Bathtub Includes Tile Surround
Laundry
- Laundry in unit
- Washer and Dryer
Home Security
Parking
- Subterranean Parking
- Tandem Parking
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Separate Meters
- Individual Gas Meter
Additional Features
- Balcony
- Level Lot
Listing and Financial Details
- No Waterbeds Allowed
Community Details
Overview
- Association fees include garbage, gas, insurance - flood, insurance - liability, management fee, water / sewer
- 103 Units
- Mb Homeowner's Management, Inc Association
Security
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 23, 2022
Closed on
Mar 22, 2022
Sold by
Chan Chu Family Trust
Bought by
Lu Rongqing and She Li
Seller's Agent
Anson Ip
Compass
Buyer's Agent
Kathy Xiao
Connection Realty & Loan
List Price
$978,000
Sold Price
$950,000
Premium/Discount to List
-$28,000
-2.86%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,522
Avg. Annual Appreciation
2.58%
Original Mortgage
$712,500
Outstanding Balance
$673,188
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$357,998
Purchase Details
Closed on
Jan 31, 2021
Sold by
Chan Kenneth
Bought by
Chan Chu Family Trust and Chan
Purchase Details
Closed on
Jan 11, 2011
Sold by
901 San Antonio Road Llc
Bought by
Chan Kenneth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
4.82%
Mortgage Type
New Conventional
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lu Rongqing | $950,000 | Lawyers Title | |
| Chan Chu Family Trust | -- | First American Title | |
| Chan Kenneth | $420,000 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lu Rongqing | $712,500 | |
| Previous Owner | Chan Kenneth | $252,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2022 04/01/22 | Sold | $950,000 | -2.9% | $1,156 / Sq Ft |
| 03/02/2022 03/02/22 | Pending | -- | -- | -- |
| 02/23/2022 02/23/22 | For Sale | $978,000 | -- | $1,190 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $11,837 | $925,000 | $462,500 | $462,500 |
| 2023 | $12,170 | $969,000 | $484,500 | $484,500 |
| 2022 | $6,973 | $507,050 | $253,525 | $253,525 |
| 2021 | $6,836 | $497,108 | $248,554 | $248,554 |
| 2020 | $6,710 | $492,012 | $246,006 | $246,006 |
| 2019 | $6,631 | $482,366 | $241,183 | $241,183 |
| 2018 | $6,466 | $472,908 | $236,454 | $236,454 |
| 2017 | $6,352 | $463,636 | $231,818 | $231,818 |
| 2016 | $6,181 | $454,546 | $227,273 | $227,273 |
| 2015 | $6,115 | $447,720 | $223,860 | $223,860 |
| 2014 | $5,912 | $438,950 | $219,475 | $219,475 |
Source: Public Records
Agents Affiliated with this Home
-
Anson Ip
Seller's Agent in 2022
Anson Ip
Compass
(408) 221-7887
1 in this area
194 Total Sales
-
Kathy Xiao
K
Buyer's Agent in 2022
Kathy Xiao
Connection Realty & Loan
1 in this area
6 Total Sales
Map
Source: MLSListings
MLS Number: ML81879403
APN: 127-71-066
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