NOT LISTED FOR SALE

240 Erica Way Portola Valley, CA 94028

Estimated Value: $3,444,000 - $4,347,341

4 Beds
3 Baths
2,190 Sq Ft
$1,849/Sq Ft Est. Value

Last Sold May 17, 2016

Last sale price $2,700,000 $1,233 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $25,048/month

8 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Granite Countertops
  • Las Lomitas Elementary School Rated A+
  • Park or Greenbelt View
  • Community Pool

About This Home

As of May 2016

Private, woodsy setting located on one of Ladera’s finest streets. This classic Ladera ranch-style home has a seasonal creek on a wide .87 acre lot. Cozy family room/kitchen has a custom built-in dining hutch, breakfast bar with granite counters, stainless steel appliances and ample maple cabinetry; large center skylight over the gas cooktop provides an abundance of light. The home has recessed lighting, dual pane windows and random plank hardwood floors. 4 generous sized bedrooms, two with en suite baths and patio access. Enjoy entertaining your family and friends or just relax amid the majestic oaks and stunning agave that dot the landscape. This can also be developed into your own dream backyard. Optional membership in the Ladera Recreation Center provides year-round tennis and fitness programs, a seasonal aquatics program, and a variety of community events and activities. Acclaimed Los Lomitas Elementary K-3 and La Entrada 4-8

Last Agent to Sell the Property

Rebecca Johnson

Coldwell Banker Realty License #70000667 Listed on: 04/25/2016

Coldwell Banker Realty

Last Buyer's Agent

Christine Pimlott

Intero Real Estate Services-Woodside License #01962666

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,256

Year Built

  • Built in 1956

Lot Details

  • 0.87 Acre Lot
  • Partially Fenced Property
  • Lot Sloped Up
  • Hillside Location
  • Back Yard
  • Zoning described as R10010

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Guest Parking

Home Design

  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,190 Sq Ft Home
  • 1-Story Property
  • Skylights in Kitchen
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Combination Dining and Living Room
  • Park or Greenbelt Views
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Double Self-Cleaning Oven
  • Gas Cooktop
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Additional Features

  • Deck
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 077-121-070

Community Details

Overview

  • Built by Ladera

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,256

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Age: 60
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 540
  • Structure Sq Ft: 2190
  • Complex Name: Ladera
  • Year Built: 1956
  • Zoning Description: R10010
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Starter, Wood Burning
  • Dining Room: Dining Area in Living Room, Eat in Kitchen, No Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Garbage Disposal, Ice Maker, Oven - Double, Oven - Self Cleaning, Refrigerator, Skylight
  • Living Sq Ft: 2190
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Shower and Tub, Stall Shower
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Roof: Composition
  • View: Greenbelt
  • Yard/Grounds: Back Yard, Deck
  • Fencing: Partial Fencing
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener, Guest / Visitor Parking, Parking Area, Room for Oversized Vehicle

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Amenities: BBQ Area, Community Pool, Recreation Room, Tennis Court / Facility

Schools

  • School District: Sequoia Union High
  • Elementary School: Las Lomitas Elementary
  • Middle School: La Entrada Middle
  • High School: Menlo-Atherton High
  • High School: 658
  • Elementary School: 651
  • Middle School: 648

Lot Info

  • Lot Description: Grade - Hillside, Grade - Sloped Up
  • Parcel Number: 077-121-070
  • Lot Acres: 0.8700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 37897.20
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 37897.20

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Sequoia Union High
  • Elementary School Text: Las Lomitas Elementary
  • High School Text: Menlo-Atherton High
  • Middle School Text: La Entrada Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2016
Closed on
May 11, 2016
Sold by
Robinison Helen
Bought by
Investmentsllc Sbm
Seller's Agent
Rebecca Johnson
Coldwell Banker Realty
Buyer's Agent
Christine Pimlott
Intero Real Estate Services-Woodside
List Price
$2,695,000
Sold Price
$2,700,000
Premium/Discount to List
$5,000
0.19%
Current Estimated Value
$4,050,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,350,335
Avg. Annual Appreciation
4.47%

Purchase Details

Closed on
Mar 9, 2005
Sold by
Robinson Helen and Kirchberg Helen
Bought by
Robinson Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 8, 2005
Sold by
Robinson Irene
Bought by
Robinson Irene and Kirchberg Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 15, 2002
Sold by
Robinson Irene
Bought by
Kirchberg Helen

Purchase Details

Closed on
Jan 29, 2001
Sold by
Robinson Irene Tr
Bought by
Robinson Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
8.75%

Purchase Details

Closed on
Mar 24, 1999
Sold by
Irene Robinson
Bought by
Robinson Irene
Source: Public Records

Range of Values:

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Average Value
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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
Investmentsllc Sbm $2,700,000 Lawyers Title Company
Robinson Helen -- --
Robinson Irene -- --
Robinson Irene -- Old Republic Title Company
Kirchberg Helen $250,500 --
Robinson Irene -- --
Robinson Irene -- --
Robinson Irene -- Old Republic Title Company
Robinson Irene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sbm Investments Llc $1,700,000
Previous Owner Robinson Irene $305,000
Previous Owner Robinson Irene $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2016 05/17/16 Sold $2,700,000 +0.2% $1,233 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
04/25/2016 04/25/16 For Sale $2,695,000 -- $1,231 / 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 $36,256 $3,196,245 $2,781,920 $414,325
2023 $36,256 $3,072,133 $2,673,896 $398,237
2022 $34,694 $3,011,896 $2,621,467 $390,429
2021 $34,150 $2,952,840 $2,570,066 $382,774
2020 $33,394 $2,922,564 $2,543,714 $378,850
2019 $34,401 $2,865,260 $2,493,838 $371,422
2018 $32,751 $2,809,080 $2,444,940 $364,140
2017 $31,651 $2,754,000 $2,397,000 $357,000
2016 $3,062 $152,817 $79,929 $72,888
2015 $2,973 $150,523 $78,729 $71,794
2014 $2,883 $147,575 $77,187 $70,388
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81581958

MLSListings

APN: 077-121-070