Seller's Agent in 2025
Amber Melenudo
Sotheby’s International Realty
(831) 661-5591
1 in this area
53 Total Sales
1501 Fallen Leaf Ln Los Altos, CA 94024
South Los Altos NeighborhoodEstimated Value: $4,218,006 - $4,800,000
4
Beds
2.5
Baths
2,446
Sq Ft
$1,841/Sq Ft
Est. Value
Highlights
- Above Ground Spa
- Solar Power System
- Wood Flooring
- Oak Avenue Elementary School Rated A
- Vaulted Ceiling
- Granite Countertops
About This Home
As of May 2025Gorgeous single level home in highly desirable South Los Altos, just a half mile walk to Oak Elementary. Location meets amenities, move in ready with attention to detail found throughout. Floor plan provides room for everyone and everything with a spacious family room, separate living room, dining area and bonus room perfect a for home office. Designer selection of granite, unique tile and abundant natural light accentuate the eat-in chef's kitchen. Main living space provides the perfect backdrop to entertain, with french doors framing the park-like yard space in both the family and living rooms. Fantastic indoor - outdoor flow creates California living at its finest. Four spacious bedrooms, including primary suite with spa inspired bath and backyard access. High ceilings, recessed lighting, wet bar, pantry, solar, indoor laundry room, sun drenched backyard and the amenities list goes on. With a premier location, this exquisite single level home is only minutes to shopping, dining, parks and top-rated Los Altos schools. Make this gem your own private oasis!
Last Agent to Sell the Property
Sotheby’s International Realty License #01921098 Listed on: 03/27/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1953
Lot Details
- 10,202 Sq Ft Lot
- Fenced
- Sprinklers on Timer
- Grass Covered Lot
- Back Yard
- Zoning described as R1AB
Parking
- 1 Car Attached Garage
- Electric Vehicle Home Charger
- Garage Door Opener
- Guest Parking
- Off-Street Parking
Home Design
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,446 Sq Ft Home
- 1-Story Property
- Wet Bar
- Vaulted Ceiling
- Ceiling Fan
- Skylights in Kitchen
- Wood Burning Fireplace
- Double Pane Windows
- Separate Family Room
- Living Room with Fireplace
- Formal Dining Room
- Den
Kitchen
- Breakfast Bar
- Built-In Oven
- Electric Oven
- Gas Cooktop
- Range Hood
- Microwave
- Dishwasher
- Wine Refrigerator
- Kitchen Island
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Remodeled Bathroom
- Bathroom on Main Level
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Washer and Dryer
Eco-Friendly Details
- Solar Power System
Outdoor Features
- Above Ground Spa
- Shed
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Thermostat
- Tankless Water Heater
Listing and Financial Details
- Assessor Parcel Number 197-02-045
Matterport 3D Tours
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 27, 2025
Closed on
May 13, 2025
Sold by
Shearer And Pala Family Trust and Shearer Scott Thomas
Bought by
Parekh Family Revocable Trust and Parekh
Seller's Agent
Amber Melenudo
Sotheby’s International Realty
Buyer's Agent
Ranga Mannar
Single Tree Realty
List Price
$3,988,000
Sold Price
$4,530,000
Premium/Discount to List
$542,000
13.59%
Views
26
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
-$27,748
Avg. Annual Appreciation
-0.63%
Original Mortgage
$3,365,000
Outstanding Balance
$3,348,726
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$1,153,526
Purchase Details
Closed on
Aug 12, 2011
Sold by
Shearer Scott Thomas and Pala Mary Beth
Bought by
Shearer Scott Thomas and Pala Mary Beth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$806,000
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 12, 2007
Sold by
Shearer Scott and Pala Mary Beth
Bought by
Shearer Scott Thomas and Pala Mary Beth
Purchase Details
Closed on
Mar 8, 2004
Sold by
Frerichs Barbara Lynn
Bought by
Shearer Scott and Pala Mary Beth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$861,250
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 26, 2002
Sold by
Frerichs Barbara Lynn
Bought by
Frerichs Barbara Lynn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.5%
Purchase Details
Closed on
May 24, 1999
Sold by
Frerichs Barbara L
Bought by
Frerichs Barbara Lynn
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Parekh Family Revocable Trust | $4,530,000 | Stewart Title Of California | |
| Shearer Scott Thomas | -- | Old Republic Title Company | |
| Shearer Scott Thomas | -- | Attorney | |
| Shearer Scott | -- | First American Title Company | |
| Frerichs Barbara Lynn | -- | Chicago Title | |
| Frerichs Barbara Lynn | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Parekh Family Revocable Trust | $3,365,000 | |
| Previous Owner | Shearer Scott Thomas | $806,000 | |
| Previous Owner | Shearer Scott | $861,250 | |
| Previous Owner | Frerichs Barbara Lynn | $450,000 | |
| Closed | Frerichs Barbara Lynn | $82,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/16/2025 05/16/25 | Sold | $4,530,000 | +13.6% | $1,852 / Sq Ft |
| 04/02/2025 04/02/25 | Pending | -- | -- | -- |
| 03/27/2025 03/27/25 | For Sale | $3,988,000 | -- | $1,630 / Sq Ft |
Source: MLSListings
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 | $24,016 | $2,007,332 | $1,421,790 | $585,542 |
| 2024 | $24,016 | $1,967,973 | $1,393,912 | $574,061 |
| 2023 | $23,724 | $1,929,386 | $1,366,581 | $562,805 |
| 2022 | $23,458 | $1,891,556 | $1,339,786 | $551,770 |
| 2021 | $23,453 | $1,854,467 | $1,313,516 | $540,951 |
| 2020 | $23,622 | $1,835,453 | $1,300,048 | $535,405 |
| 2019 | $22,561 | $1,799,464 | $1,274,557 | $524,907 |
| 2018 | $22,208 | $1,764,181 | $1,249,566 | $514,615 |
| 2017 | $21,404 | $1,729,590 | $1,225,065 | $504,525 |
| 2016 | $20,931 | $1,695,678 | $1,201,045 | $494,633 |
| 2015 | $20,807 | $1,670,209 | $1,183,005 | $487,204 |
| 2014 | $20,398 | $1,637,493 | $1,159,832 | $477,661 |
Source: Public Records
Agents Affiliated with this Home
-
Amber Melenudo
-
Ranga Mannar
Buyer's Agent in 2025
Ranga Mannar
Single Tree Realty
(408) 393-4400
3 in this area
101 Total Sales
Map
Source: MLSListings
MLS Number: ML81999736
APN: 197-02-045
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