NOT LISTED FOR SALE

348 Summit Dr Emerald Hills, CA 94062

Estimated Value: $2,815,000 - $3,308,000

3 Beds
2.5 Baths
2,920 Sq Ft
$1,042/Sq Ft Est. Value

Last Sold June 23, 2015

Last sale price $1,750,000 $599 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $17,953/month

14 Days on Market

Highlights

  • Canyon View
  • Deck
  • Wood Flooring
  • Woodside High School Rated A
  • Contemporary Architecture
  • Hydromassage or Jetted Bathtub

About This Home

As of June 2015

This 2900+ square foot home offers an abundance of light, space + tranquility right here in the heart of Silicon Valley! If work brings you north and south… celebrate after hours in this private getaway! Beautiful outdoor decks, separate office or guest quarters! Terraced yard, kitchen + family room space that you won’t want to leave and private master with remodeled bath! More to say + more to see!

Last Agent to Sell the Property

Alex Lehr

Guide Real Estate License #00867442 Listed on: 05/07/2015

Guide Real Estate

Last Buyer's Agent

Jennifer H. Ogasawara

Realty World Premier Properties License #01142504

Realty World Premier Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1987

Lot Details

  • 0.25 Acre Lot
  • Back Yard Fenced
  • Lot Sloped Down
  • Zoning described as RH0S18

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,920 Sq Ft Home
  • 2-Story Property
  • Fireplace With Gas Starter
  • Combination Dining and Living Room
  • Den
  • Canyon Views
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • Split Bathroom
  • Granite Bathroom Countertops
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 057-162-040

Home Details

Home Type

Single Family

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Contemporary
  • Listing Class: Residential
  • Structure Sq Ft: 2920
  • Year Built: 1987
  • Zoning Description: RH0S18
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Starter
  • Dining Room: Dining Area in Living Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Garbage Disposal, Hood Over Range, Island, Microwave
  • Living Sq Ft: 2920
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Den / Study / Office
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Granite, Shower and Tub, Split Bath, Stall Shower, Tile, Tub with Jets, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • View: Canyon
  • Yard/Grounds: Balcony / Patio, Deck, Fenced
  • Fencing: Fenced Back, Wood
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage, Gate / Door Opener, Off-Street Parking

Utilities

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

Lot Info

  • Lot Description: Grade - Sloped Down
  • Parcel Number: 057-162-040
  • Lot Acres: 0.2530
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11000.00

Multi Family

  • Utilities: Natural Gas, Public Utilities

MLS Schools

  • High School District Text: Sequoia Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2015
Closed on
Jun 9, 2015
Sold by
Lang Michael C and Lang Barbee K Gordon
Bought by
Gonzaga Christina M and Gonzaga Nicole S
Seller's Agent
Alex Lehr
Guide Real Estate
Buyer's Agent
Jennifer H. Ogasawara
Realty World Premier Properties
List Price
$1,695,000
Sold Price
$1,750,000
Premium/Discount to List
$55,000
3.24%
Current Estimated Value
$3,043,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,293,515
Avg. Annual Appreciation
5.39%
Original Mortgage
$1,312,500
Outstanding Balance
$1,007,413
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,036,102

Purchase Details

Closed on
Dec 7, 2009
Sold by
Lang Michael C and Lang Barbee K Gordon
Bought by
Lang Michael C and Lang Barbee K Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 23, 2003
Sold by
Wesley Marcia A and Wesley Matthew W
Bought by
Lang Michael C and Lang Barbee K Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2002
Sold by
Wesley Marcia A and Wesley Matthew W
Bought by
Wesley Matthew W and Wesley Marcia A

Purchase Details

Closed on
Apr 13, 2001
Sold by
Wesley Marcia A and Wesley Matthew W
Bought by
Wesley Marcia A and Wesley Matthew W

Purchase Details

Closed on
Apr 13, 1998
Sold by
Wesley Matthew W and Wesley Marcia A
Bought by
Wesley Marcia A and Wesley Matthew W
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
Gonzaga Christina M $1,750,000 North American Title Co Inc
Lang Michael C -- Fidelity National Title Co
Lang Michael C $1,100,000 Fidelity National Title
Wesley Matthew W -- --
Wesley Marcia A -- --
Wesley Marcia A -- --
Wesley Marcia A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzaga Christina M $1,312,500
Previous Owner Lang Michael C $120,000
Previous Owner Lang Michael C $729,750
Previous Owner Lang Michael C $825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2015 06/23/15 Sold $1,750,000 +3.2% $599 / Sq Ft
05/21/2015 05/21/15 Pending -- -- --
05/07/2015 05/07/15 For Sale $1,695,000 -- $580 / 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 $24,652 $2,103,226 $1,051,613 $1,051,613
2023 $24,652 $2,021,558 $1,010,779 $1,010,779
2022 $23,105 $1,981,920 $990,960 $990,960
2021 $22,820 $1,943,060 $971,530 $971,530
2020 $22,460 $1,923,138 $961,569 $961,569
2019 $22,306 $1,885,430 $942,715 $942,715
2018 $21,684 $1,848,462 $924,231 $924,231
2017 $21,327 $1,812,218 $906,109 $906,109
2016 $20,752 $1,776,686 $888,343 $888,343
2015 $15,178 $1,301,298 $650,649 $650,649
2014 $14,865 $1,275,808 $637,904 $637,904
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81463981

MLSListings

APN: 057-162-040