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1249 Alma Street

1249 Alma Street, Palo Alto, CA 94301
Townhouse in Old Palo Alto
1249 Alma Street in Palo Alto, CA was first built in 1990 and is 34 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a custom style. There are a total of 2 floors. There are a total of 4 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1249 Alma Street has 1,407 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 270 ft and the linear feet between the front and back of the lot is 260. In total, the area measurement of the land is 710 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who need parking, there is a carport. The garage is 153 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. As for heating, the home is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1249 Alma Street sold most recently in Oct 4, 2021 for a total of $1,650,000. If you work out the math, that's approximately a cost of $1,172.71 per sqft. Before that, the property was also sold for $1,475,000 in May 26, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $20,580 in taxes each year. The initial year of tax delinquency occurred in 2023. 1249 Alma Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,553,863. If we break it down further, the land itself was valued at $1,141,439. Improvements to the property, however, were assessed at a total of $412,424. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Assigned Parking
Carport
Covered Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210819
08/19/2021
2 Bed
2.5 Bath
1407 ft²
$1,675,000
bedrooms
2 Bed
bathrooms
2.5 Bath
square feet
1407 ft²
$1,650,000 -1.49%
10/08/2021
C.Carnevale & N.Aron

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 153
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 710
  • Lot Size Depth Feet: 260
  • Lot Size Frontage Feet: 270
  • Total Building Area: 1,407
  • Gross Building Area: 702
  • Building Area: 1,407
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,407
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 8203 SPANISH VILLAGE CONDOS
  • Land Acres: 0.016
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT 8203 SPANISH VILLAGE CONDO BOOK 609 PAGE 49 PAGE 50

Ownership

  • Current Owner : OLSON STEPHEN R
  • Current Owner 2: OLSON SUZANNE C
  • Previous Owner : MCGUIRE JOHN
  • Previous Owner 2: MCGUIRE MARY
  • Owner Before Previous Owner: PETTERSON LASSE J
  • Owner Before Previous Owner 2: PETTERSON FRANK W
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Palo Alto Unified School District
  • Census Tract: 511400

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 44-A2
  • Subdivision Tract Number: 8203
  • Parcel: 124-15-064
  • Municipality: PALO ALTO
  • Latitude: 37.4378
  • Longitude: -122.154

    Address

  • Full Address: 1249 Alma St
  • Address - House Number: 1249
  • Address - Street Name: Alma
  • Address - Suffix Type: St
  • State: CA
  • City Name: Palo Alto
  • Carrier Code: C029
  • 4-Digit Zip Code: 3501
  • Zip Code: 94301

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,580
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 06-001

    Appraisal Valuation

  • Standard Deviation: 0.1728
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 1,636,133
  • High Value: 1,918,886
  • Low Value: 1,353,379

    Open Liens

  • Total Open Liens: 4
  • Total Open Liens Amount: $1,550,000
  • First Open Lien Mortgage Lender: LELAND STANFORD JUNIOR UNIVERS
  • First Open Lien Mortgage Recording Date: Oct 08, 2021
  • First Open Lien Mortgage Loan Amount: $700,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Oct 08, 2051
  • Second Open Lien Mortgage Lender: BOARD/TRUSTEES/LELAND STANDFOR
  • Second Open Lien Mortgage Recording Date: Oct 08, 2021
  • Second Open Lien Mortgage Loan Amount: $300,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Oct 08, 2051
  • Third Open Lien Mortgage Lender: LELAND STANFORD JUNIOR UNIVERS
  • Third Open Lien Mortgage Recording Date: Oct 08, 2021
  • Third Open Lien Mortgage Loan Amount: $250,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Third Open Lien Mortgage Loan Due Date: Oct 08, 2051
  • Fourth Open Lien Mortgage Lender: THE LELAND STANFORD JUNIOR UNI
  • Fourth Open Lien Mortgage Recording Date: Oct 08, 2021
  • Fourth Open Lien Mortgage Loan Amount: $300,000
  • Fourth Open Lien Mortgage Term: 360
  • Fourth Open Lien Mortgage Position: 4
  • Fourth Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Fourth Open Lien Mortgage Loan Due Date: Oct 08, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,553,863
  • Assessed Land Value: $1,141,439
  • Assessed Improvements Value: $412,424

    Sales

  • Current Sale Contract Date: Oct 04, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Transaction ID: 11859330847
  • Current Sale Price: $1,650,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25126582
  • Previous Sale Recording Date: Jun 14, 2017
  • Previous Sale Contract Date: May 26, 2017
  • Previous Sale Amount: $1,475,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: LELAND STANFORD JUNIOR UNIVERS
  • First Mortgage Transaction Date: Oct 08, 2021
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: US BANK NA
  • Previous Mortgage Transaction Date: Jun 14, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,180,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jul 01, 2047

About Old Palo Alto



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Nearby Rentals

Unit for rent at

$4,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,020 ft²
Listing by Colleen Wallau
Unit for rent at

$6,500 /mo

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  • 3 Baths
  • 1,479 ft²
Listing by Spencer Yuan
Unit for rent at

$2,700 /mo

  • 1 Bed
  • 1 Bath
  • 5,396 ft²
Listing by Rick Smith
Unit for rent at

$4,300 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,375 ft²
Listing by Spencer Hsu
Unit for rent at

$3,924 /mo

  • 2 Beds
  • 2 Baths
  • 980 ft²
Listing by Equity Residential
Unit for rent at

$2,350 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
Listing by Manager
Unit for rent at

$8,600 /mo

  • 5 Beds
  • 3 Baths
  • 2,717 ft²
Listing by 780 Sutter Avenue, Palo Alto, CA 94303

Frequently Asked Questions

What neighborhood is 1249 Alma Street located in?
The 1249 Alma Street is a townhouse located in the neighborhood of Old Palo Alto in Old Palo Alto, Palo Alto.
What is the average sales price for listings in 1249 Alma Street?
The average sales price for units in 1249 Alma Street is $1,675,000 , or $1,190/sqft. currently.

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