NOT LISTED FOR SALE

881 Federation Way Palo Alto, CA 94303

Adobe Meadow-Meadow Park Neighborhood

Estimated Value: $781,387 - $1,024,000

1 Bed
1 Bath
822 Sq Ft
$400/mo HOA Fee

Last Sold April 01, 2022

Last sale price $950,000 $1,156 Per Sq Ft

Current estimated payment $6,402/month

6 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Neighborhood Views
  • Fairmeadow Elementary School Rated A+
  • Quartz Countertops
  • Balcony

About This Home

As of April 2022

Bright 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.

Last Agent to Sell the Property

Anson Ip

Compass License #01413912 Listed on: 02/23/2022

Compass

Last Buyer's Agent

Kathy Xiao

Connection Realty & Loan License #01361072

Property Details

Home Type

  • Condominium

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

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

2011

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Zoning: LM
  • Subclass: Condominium
  • Restrictions: No Waterbeds, Pets - Restrictions
  • Listing Class: Residential
  • Max Numberof Unitsin Building: 103
  • Min Numberof Unitsin Complex: 103
  • Structure Sq Ft: 822
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2011

Interior Features

  • Family Room: No Family Room
  • Dining Room: Breakfast Bar, Dining Area In Living Room, Eat In Kitchen
  • Kitchen: Countertop - Quartz, Dishwasher, Exhaust Fan, Garbage Disposal, Island, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 822
  • Stories: 1
  • Security: Fire Alarm, Fire System - Sprinkler
  • Bedrooms: Walk-In Closet
  • Laundry: Electricity Hookup (220V), Inside, Washer / Dryer
  • Flooring: Carpet, Tile, Wood
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Bathroom: Shower Over Tub - 1, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Neighborhood
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Tandem Parking, Underground Parking

Utilities

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

Condo/Co-op/Association

  • Complex Name: 901 San Antonio Road HOA
  • HOA Fees: 400
  • HOA Documents: Articles Of Incorporation, Budget, Bylaws, Cc&rs, Financial Statement, Minutes, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Garbage, Gas, Insurance - Flood, Insurance - Liability, Management Fee, Water / Sewer
  • HOA Exist: Yes
  • H O A Name Text: MB Homeowner's Management, Inc

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • High School: 325

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.0200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 872.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 872.00

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Unit Features: Corner Unit

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
$954,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,597
Avg. Annual Appreciation
0.13%
Original Mortgage
$712,500
Outstanding Balance
$666,326
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$288,271

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Rongqing $950,000 Lawyers 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 List to Sale Price per Sq Ft
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

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 $11,837 $1,008,146 $504,073 $504,073
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

    203 Total Sales

    Anson Ip
    Section Image

  • K

    Buyer's Agent in 2022

    Kathy Xiao

    Connection Realty & Loan

    (510) 676-5463

    1 in this area

    6 Total Sales

    Kathy Xiao
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81879403

MLSListings

APN: 127-71-066

California Santa Clara County Palo Alto 94303 Adobe Meadow-Meadow Park

881 Federation Way, Palo Alto, CA

Not Listed for Sale

Condos

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