NOT LISTED FOR SALE

12950 Cortez Ln Los Altos Hills, CA 94022

Estimated Value: $6,176,277 - $6,762,000

5 Beds
4.5 Baths
4,495 Sq Ft
$1,455/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $4,300,000 $957 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $41,478/month

7 Days on Market

Highlights

  • Private Pool
  • Bay View
  • 3 Fireplaces
  • Lucille M. Nixon Elementary School Rated A+
  • Wood Flooring
  • Bonus Room

About This Home

As of May 2017

Tucked away at the end of a private road is this palatial stunning home with expansive bay views. Originally built in 1968, this rancher has been transformed into a homeowners dream with large windows, high ceilings and two private balconies overlooking the majestic Bay Area! Minutes away from the town of Los Altos and a block away from the mesmerizing green hills and Oaks of Westwind Community Barn and Byrne Park Reserve connecting to countless walking paths. Palo Alto Schools!!

Last Listed By

Cindi Kodweis

Compass License #01120838 Listed on: 04/27/2017

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,430

Year Built

  • 1968

Lot Details

  • 1

Parking

  • 2 Car Garage
  • 1 Carport Space

Property Views

  • Bay
  • City Lights
  • Valley

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,495 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • High Ceiling
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Formal Entry
  • Great Room
  • Combination Dining and Living Room
  • Bonus Room
  • Workshop
  • Wood Flooring

Kitchen

  • Open to Family Room
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Corian Countertops
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating System
  • 220 Volts
  • Septic Tank

Additional Features

  • Private Pool
  • 1 Acre Lot

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,430

Year Built

1968

Lot Details

0

Parking

2

Listing Details

  • Zoning: RA
  • Subclass: Single Family Home
  • Age: 49
  • Listing Class: Residential
  • Structure Sq Ft: 4495
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1968

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Burning, Wood Burning
  • Dining Room: Dining Area In Living Room
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Solid Surface / Corian, Dishwasher, Garbage Disposal, Island, Microwave, Oven - Double, Refrigerator, Trash Compactor
  • Fireplace: Yes
  • Living Sq Ft: 4495
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood
  • Additional Rooms: Bonus / Hobby Room, Formal Entry, Great Room, Laundry Room, Storage, Workshop
  • Fireplaces Min: 3
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Shower And Tub, Stall Shower, Tile, Tub

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Yes
  • Roof: Composition
  • View: Bay, City Lights, Valley
  • Pool: Pool - In Ground

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage
  • Carport Min: 1

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Septic Tank / Pump

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet, Wet Bar

Schools

  • School District: Palo Alto Unified
  • Elementary School: Juana Briones Elementary
  • Middle School: Terman Middle
  • High School: Henry M. Gunn High
  • High School: 325
  • Elementary School: 317
  • Middle School: 323

Lot Info

  • Lot Acres: 1.0000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 43560.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 43560.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Magal Kiron B
Bought by
Kiron B Magal Family Trust and Magal
Total Days on Market
7
Current Estimated Value
$6,540,426

Purchase Details

Closed on
Mar 26, 2024
Sold by
Magal Sahana K and Magal Kiron B
Bought by
Magal Kiron B

Purchase Details

Listed on
Apr 27, 2017
Closed on
May 9, 2017
Sold by
Cheng Marjorie Tung
Bought by
Magal Kiron B and Magal Sahana K
Seller's Agent
Cindi Kodweis
Compass
Buyer's Agent
nicholas french
Christie's International Real Estate Sereno
List Price
$4,250,000
Sold Price
$4,300,000
Premium/Discount to List
$50,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$2,300,000
Interest Rate
2.77%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 25, 2001
Sold by
Cheng Dah Yu and Cheng Marjorie Tung
Bought by
Cheng Dah Yu and Cheng Marjorie Tung

Range of Values:

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Average Value
Not Available
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
Kiron B Magal Family Trust -- None Listed On Document
Magal Kiron B -- None Listed On Document
Magal Kiron B $4,300,000 Chicago Title Company
Cheng Dah Yu -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magal Kiron B $1,667,000
Previous Owner Magal Kiron B $2,300,000
Previous Owner Cheng Dah Yu $250,000
Previous Owner Cheng Dah Yu $1,450,000
Previous Owner Cheng Dah Yu $100,000
Previous Owner Cheng Dah Yu $1,448,000
Previous Owner Cheng Dah Yu $1,450,000
Previous Owner Cheng Dah Yu $1,400,000
Previous Owner Cheng Dah Yu $100,000
Previous Owner Cheng Dah Yu $1,400,000
Previous Owner Cheng Dah Yu $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2017 05/31/17 Sold $4,300,000 +1.2% $957 / Sq Ft
05/05/2017 05/05/17 Pending -- -- --
04/27/2017 04/27/17 For Sale $4,250,000 -- $945 / 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
2024 $58,430 $4,892,661 $4,096,183 $796,478
2023 $57,700 $4,796,727 $4,015,866 $780,861
2022 $57,227 $4,702,674 $3,937,124 $765,550
2021 $56,099 $4,610,466 $3,859,926 $750,540
2020 $54,915 $4,563,193 $3,820,348 $742,845
2019 $54,348 $4,473,720 $3,745,440 $728,280
2018 $52,833 $4,386,000 $3,672,000 $714,000
2017 $8,889 $667,574 $117,227 $550,347
2016 $8,662 $654,485 $114,929 $539,556
2015 $8,505 $644,655 $113,203 $531,452
2014 $8,256 $632,028 $110,986 $521,042
Source: Public Records

Agents Affiliated with this Home

  • Cindi Kodweis

    Seller's Agent in 2017

    Cindi Kodweis

    Compass

    (650) 279-6333

    60 Total Sales

    Section Image
  • Brittany Kodweis

    Seller Co-Listing Agent in 2017

    Brittany Kodweis

    Compass

    (650) 269-5489

    Section Image
  • nicholas french

    Buyer's Agent in 2017

    nicholas french

    Sereno Group

    (650) 773-8000

    195 Total Sales

    nicholas french
    Section Image
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Map

Source: MLSListings

MLS Number: ML81648769

MLSListings

APN: 182-19-036

California Santa Clara County Los Altos Hills 94022

12950 Cortez Ln, Los Altos Hills, CA

Homes for Sale in Los Altos Hills, CA

This home is located at 12950 Cortez Ln, Los Altos Hills, CA 94022 since 27 April 2017 and is currently estimated at $6,540,426, approximately $1,455 per square foot. This property was built in 1968. 12950 Cortez Ln is a home located in Santa Clara County with nearby schools including Lucille M. Nixon Elementary School, Ellen Fletcher Middle, and Henry M. Gunn High School.

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