NOT LISTED FOR SALE

240 3rd St Unit 302 Los Altos, CA 94022

Estimated Value: $2,792,820 - $4,510,000

2 Beds
2.5 Baths
3,588 Sq Ft
4,225 Sq Ft Lot

Last Sold January 10, 2017

Last sale price $3,100,000 $864 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $22,104/month

121 Days on Market

Highlights

  • Wine Cellar
  • Home Theater
  • Contemporary Architecture
  • Gardner Bullis Elementary School Rated A
  • City View
  • Vaulted Ceiling

About This Home

As of January 2017

Whether a primary residence or pied-a-terre, this unique offering combines luxury living in the heart of downtown Los Altos, ~ Built in 2012 ~ top-level condominium is chic & modern with espresso-hued walnut floors, an open concept floor plan, & vast expanses of sliding doors to a tremendous terrace overlooking the western hills ~ Approximately 3588 sf plus ~800sf terrace ~ Media room, office, wine storage, chef's kitchen, & 2-private bedroom suites plus half-bath ~ Secure underground parking for 2 cars ~ electric car charger, ~ Keyless access control system & associated door hardware electrification ~ Network & A/V system: Machine rack in server room ~ Satellite dish on roof ~ Comcast Internet ~ Whole-house wifi ~ AMX touch screen & Lutron QS shades in each room ~ Terrace with trellis & planters with built-in watering system

Last Agent to Sell the Property

Mary Gullixson

Compass License #70001879 Listed on: 08/04/2016

Compass

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,410

Year Built

  • Built in 2013

Lot Details

  • 4,225

Parking

  • 2 Car Garage
  • Electric Vehicle Home Charger

Property Views

  • City
  • Mountain

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 3,588 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • 2 Fireplaces
  • Gas Fireplace
  • Formal Entry
  • Wine Cellar
  • Combination Dining and Living Room
  • Home Theater
  • Den
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Marble Bathroom Countertops
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Walk-in Shower

Additional Features

  • Balcony
  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 167-40-080

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area electricity, common area gas, garbage, insurance - earthquake, insurance - liability, landscaping / gardening, management fee, reserves, unit coverage insurance
  • 2 Units
  • Tan Group Association
  • Built by Terraces On Third

Amenities

  • Elevator
  • Community Storage Space

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,410

Year Built

Built in 2013

Lot Details

0

Parking

2

Listing Details

  • Subclass: Condominium
  • Style: Contemporary
  • Restrictions: Pets - Allowed, Pets - Number Restrictions, Pets - Restrictions
  • Age: 3
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 3588
  • Complex Name: Terraces On Third
  • Incorporated: Yes
  • Year Built: 2013
  • Zoning Description: R2
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning
  • Dining Room: Breakfast Bar, Dining Area in Living Room
  • Kitchen: Countertop - Stone, Dishwasher, Freezer, Garbage Disposal, Microwave, Oven - Built-In, Pantry, Refrigerator
  • Living Sq Ft: 3588
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile
  • Additional Rooms: Den / Study / Office, Formal Entry, Media / Home Theater, Storage, Wine Cellar / Storage
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Marble, Stall Shower, Tub, Tub with Jets
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar and Gravel
  • View: City, Mountains
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Assigned Spaces, Electric Car Hookup, Underground Parking

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air, Heating - 2+ Zones
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 1303
  • HOA Amenities: Additional Storage, Elevator
  • Association Fees Include: Common Area Electricity, Common Area Gas, Garbage, Insurance - Earthquake, Insurance - Liability, Landscaping / Gardening, Management Fee, Reserves, Unit Coverage Insurance
  • H O A Name Text: Tan Group
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling, Walk-in Closet

Schools

  • School District: Mountain View-Los Altos Union High

Lot Info

  • Parcel Number: 167-40-080
  • Lot Acres: 0.0970
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4212.25
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4212.25

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Mountain View-Los Altos Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2016
Closed on
Jan 9, 2017
Sold by
Cosmotron Llc
Bought by
Eng Robert H and Eng Eileen M
Seller's Agent
Mary Gullixson
Compass
Buyer's Agent
RECIP
Out of Area Office
List Price
$4,800,000
Sold Price
$3,100,000
Premium/Discount to List
-$1,700,000
-35.42%
Total Days on Market
121
Current Estimated Value
$3,827,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$727,607
Avg. Annual Appreciation
3.74%
Original Mortgage
$2,015,000
Outstanding Balance
$1,606,827
Interest Rate
2.6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,613,589

Purchase Details

Closed on
Apr 29, 2013
Sold by
240 Third Street Associates Llc
Bought by
Cosmotron Llc
Source: Public Records

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Range of Values:

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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
Eng Robert H $3,100,000 Lawyers Title Company
Cosmotron Llc $3,750,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eng Robert H $2,015,000
Previous Owner Cosmotron Llc $20,312,500
Previous Owner Cosmotron Llc $3,125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2017 01/10/17 Sold $3,100,000 -15.1% $864 / Sq Ft
12/04/2016 12/04/16 Pending -- -- --
10/25/2016 10/25/16 Price Changed $3,650,000 -7.6% $1,017 / Sq Ft
09/02/2016 09/02/16 Price Changed $3,950,000 -17.7% $1,101 / Sq Ft
08/04/2016 08/04/16 For Sale $4,800,000 -- $1,338 / 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 $7,410 $607,816 $148,745 $459,071
2023 $7,292 $595,899 $145,829 $450,070
2022 $7,221 $584,216 $142,970 $441,246
2021 $7,256 $572,762 $140,167 $432,595
2020 $7,320 $566,890 $138,730 $428,160
2019 $6,975 $555,775 $136,010 $419,765
2018 $6,926 $544,879 $133,344 $411,535
2017 $47,433 $3,978,898 $1,989,449 $1,989,449
2016 $46,325 $3,900,882 $1,950,441 $1,950,441
2015 $45,652 $3,842,288 $1,921,144 $1,921,144
2014 $45,046 $3,767,024 $1,883,512 $1,883,512
Source: Public Records

Agents Affiliated with this Home

  • Mary Gullixson

    Seller's Agent in 2017

    Mary Gullixson

    Compass

    (650) 888-0860

    1 in this area

    104 Total Sales

    Section Image

  • R

    Buyer's Agent in 2017

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81598460

MLSListings

APN: 167-40-080

California Santa Clara County Los Altos 94022

240 3rd St Unit 302, Los Altos, CA

This home is located at 240 3rd St Unit 302, Los Altos, CA 94022 since 04 August 2016 and is currently estimated at $3,827,607, approximately $1,066 per square foot. This property was built in 2013. 240 3rd St Unit 302 is a home located in Santa Clara County with nearby schools including Gardner Bullis Elementary School, Ardis G. Egan Junior High School, and Los Altos High School.

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