NOT LISTED FOR SALE

324 Cherry Ave Los Altos, CA 94022

Estimated Value: $5,204,304 - $5,588,000

2 Beds
1.5 Baths
1,242 Sq Ft
$4,389/Sq Ft Est. Value

Last Sold January 07, 2019

Last sale price $2,595,000 $2,089 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $32,357/month

44 Days on Market

Highlights

  • 2 Car Detached Garage
  • Tile Countertops
  • Dining Area
  • Santa Rita Elementary School Rated A
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of January 2019

Another chance to own your Los Altos dream home - previous buyer was not able to get financing; no fault of property. This is a small house on a large lot. Add 1,000 sq ft for less than $400,000. After remodel, value will be 4M to 4.5M based on comps Open House on Saturday Dec 8th, and Sunday Dec. 9th from 2:00 to 4:00 PM

Last Agent to Sell the Property

Joseph Metz

Joseph Metz, Broker License #00364821 Listed on: 10/22/2018

Last Buyer's Agent

Anthony Galli

Coldwell Banker Realty License #00880403

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1945

Lot Details

  • 8,250 Sq Ft Lot
  • Back Yard Fenced
  • Zoning described as R1

Parking

  • 2 Car Detached Garage

Home Design

  • Raised Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shake Roof

Interior Spaces

  • 1,242 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Electric Oven
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 167-32-045

Home Details

Home Type

Single Family

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Listing Class: Residential
  • Structure Sq Ft: 1242
  • Year Built: 1945
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area
  • Kitchen: Countertop - Tile, Dishwasher, Oven Range - Electric
  • Living Sq Ft: 1242
  • Stories: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab, Raised
  • Roof: Shake
  • Fencing: Fenced Back
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

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

Lot Info

  • Lot Description: Regular
  • Parcel Number: 167-32-045
  • Lot Acres: 0.1894
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8250.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8250.00

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
Oct 22, 2018
Closed on
Dec 11, 2018
Sold by
Menlo Funding Corporation
Bought by
Patel Sandip I and Patel Rita
Seller's Agent
Joseph Metz
Joseph Metz, Broker
Buyer's Agent
Anthony Galli
Coldwell Banker Realty
List Price
$2,580,000
Sold Price
$2,595,000
Premium/Discount to List
$15,000
0.58%
Current Estimated Value
$5,451,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,856,101
Avg. Annual Appreciation
11.20%
Original Mortgage
$1,400,000
Outstanding Balance
$1,233,430
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$4,217,671

Purchase Details

Listed on
Oct 10, 2018
Closed on
Oct 2, 2018
Sold by
Jobe Sara Lee and Sara Lee Jobe Trust
Bought by
Menlo Funding Corporation
Seller's Agent
Mary Cassidy
Cassidy Real Estate
Buyer's Agent
LaMarr Hunt
Realty One Group Infinity
List Price
$2,500,000
Sold Price
$2,350,000
Premium/Discount to List
-$150,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.17%
Original Mortgage
$2,115,000
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Patel Sandip I $2,595,000 Chicago Title Co
Menlo Funding Corporation $2,350,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Sandip I $1,400,000
Previous Owner Menlo Funding Corporation $2,115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2019 01/07/19 Sold $2,595,000 +33.1% $2,089 / Sq Ft
12/06/2018 12/06/18 Pending -- -- --
12/06/2018 12/06/18 Price Changed $1,950,000 -24.4% $1,570 / Sq Ft
12/05/2018 12/05/18 For Sale $2,580,000 0.0% $2,077 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
11/06/2018 11/06/18 Price Changed $2,580,000 -6.2% $2,077 / Sq Ft
10/22/2018 10/22/18 For Sale $2,750,000 -- $2,214 / 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 $46,238 $4,003,879 $2,788,796 $1,215,083
2024 $46,238 $3,925,372 $2,734,114 $1,191,258
2023 $45,511 $3,848,404 $2,680,504 $1,167,900
2022 $41,650 $3,476,746 $2,627,946 $848,800
2021 $32,818 $2,645,718 $2,576,418 $69,300
2020 $33,451 $2,646,900 $2,550,000 $96,900
2019 $31,841 $2,595,000 $2,500,000 $95,000
2018 $5,400 $405,037 $236,705 $168,332
2017 $5,124 $397,096 $232,064 $165,032
2016 $4,921 $389,311 $227,514 $161,797
2015 $4,863 $383,464 $224,097 $159,367
2014 $4,769 $375,954 $219,708 $156,246
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Joseph Metz

    Joseph Metz, Broker

  • A

    Buyer's Agent in 2019

    Anthony Galli

    Coldwell Banker Realty

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Map

Source: MLSListings

MLS Number: ML81728522

MLSListings

APN: 167-32-045

California Santa Clara County Los Altos 94022

324 Cherry Ave, Los Altos, CA

Not Listed for Sale

Detached

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