NOT LISTED FOR SALE

257 Merritt Rd Los Altos, CA 94022

Estimated Value: $4,941,000 - $7,154,000

4 Beds
3.5 Baths
2,410 Sq Ft
$2,558/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $3,800,000 $1,577 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $37,900/month

7 Days on Market

Highlights

  • Primary Bedroom Suite
  • English Cottage Architecture
  • Vaulted Ceiling
  • Almond Elementary School Rated A+
  • Fireplace in Primary Bedroom
  • Soaking Tub in Primary Bathroom

About This Home

As of April 2018

Live in North Los Altos on a street that is coveted for both its convenience as well as neighborhood charm. Lovingly owned by the same family for over three decades, this former carriage house was converted in the 1930s into a 2-story home with European country farmhouse appeal. The home could be updated or the land is a fantastic opportunity to build your dream home in an idyllic setting. According to the city of Los Altos planning department, the house is not historic and one could construct up to a 3,973sf home (not including basement). Approximately 93 feet front footage for a home with grand curb appeal. Mature, beautiful trees along perimeter of property offer ideal privacy. One-of-a-kind, modified carriage design with steep pitched roof and vaulted living room. Less than one mile to the downtown Village of Los Altos.

Last Agent to Sell the Property

Connie Miller

Compass License #01275848 Listed on: 03/14/2018

Compass

Last Buyer's Agent

Igor Reznikov

RezRealty License #01865614

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,581

Year Built

  • Built in 1930

Lot Details

  • 0.28 Acre Lot
  • Level Lot
  • Back Yard Fenced
  • Zoning described as R1-S

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • English Cottage Architecture
  • Wood Shingle Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,410 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Bay Window
  • Formal Entry
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Neighborhood Views

Kitchen

  • Built-In Double Oven
  • Electric Oven
  • Gas Cooktop
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Bathroom on Main Level
  • Dual Sinks
  • Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom
  • Bathtub Includes Tile Surround

Laundry

  • Laundry in unit
  • Electric Dryer Hookup

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 170-24-051

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,581

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Country English
  • Age: 88
  • Listing Class: Residential
  • Structure Sq Ft: 2410
  • Year Built: 1930
  • Zoning Description: R1-S
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Primary Bedroom
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Tile, Oven - Built-In, Oven - Double, Oven - Electric, Pantry
  • Living Sq Ft: 2410
  • Stories: 2
  • Bedrooms: Ground Floor Bedroom, Primary Suite / Retreat
  • Laundry: Electricity Hookup (220V), Inside
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Additional Rooms: Formal Entry
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Full on Ground Floor, Primary - Oversized Tub, Showers over Tubs - 2+, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Wood Shakes / Shingles
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Fenced
  • Fencing: Fenced Back
  • Construction Type: Stucco

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Bay Window, High Ceiling, Open Beam Ceiling, Vaulted Ceiling

Schools

  • School District: Mountain View-Los Altos Union High
  • Elementary School: Almond Elementary
  • Middle School: Ardis G. Egan Intermediate
  • High School: Los Altos High
  • High School: 265
  • Elementary School: 128
  • Middle School: 133

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 170-24-051
  • Lot Acres: 0.2835
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12351.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12351.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Mountain View-Los Altos Union High
  • Elementary School Text: Almond Elementary
  • High School Text: Los Altos High
  • Middle School Text: Ardis G. Egan Intermediate

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2018
Closed on
Apr 5, 2018
Sold by
Olson Kenneth C R and Olson Suzanne B
Bought by
Davis Geoffrey M and Aula Anne K
Seller's Agent
Connie Miller
Compass
Buyer's Agent
Igor Reznikov
RezRealty
List Price
$2,998,000
Sold Price
$3,800,000
Premium/Discount to List
$802,000
26.75%
Current Estimated Value
$6,164,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,364,810
Avg. Annual Appreciation
6.63%
Original Mortgage
$2,280,000
Outstanding Balance
$1,964,511
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$4,175,611
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
Davis Geoffrey M $3,800,000 Old Republic Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Geoffrey M $2,280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2018 04/13/18 Sold $3,800,000 +26.8% $1,577 / Sq Ft
03/22/2018 03/22/18 Pending -- -- --
03/14/2018 03/14/18 For Sale $2,998,000 -- $1,244 / 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 $62,581 $5,520,759 $4,096,183 $1,424,576
2024 $62,581 $5,412,510 $4,015,866 $1,396,644
2023 $61,807 $5,306,383 $3,937,124 $1,369,259
2022 $61,319 $5,202,337 $3,859,926 $1,342,411
2021 $61,672 $5,100,332 $3,784,242 $1,316,090
2020 $53,625 $4,341,519 $3,745,440 $596,079
2019 $46,511 $3,876,000 $3,672,000 $204,000
2018 $7,347 $538,601 $241,442 $297,159
2017 $7,094 $528,041 $236,708 $291,333
2016 $6,910 $517,688 $232,067 $285,621
2015 $6,816 $509,913 $228,582 $281,331
2014 $7,189 $499,926 $224,105 $275,821
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81696287

MLSListings

APN: 170-24-051