NOT LISTED FOR SALE

400 Cervantes Rd Portola Valley, CA 94028

Estimated Value: $3,395,000 - $5,477,000

3 Beds
3 Baths
3,200 Sq Ft
$1,445/Sq Ft Est. Value

Last Sold March 29, 2023

Last sale price $3,400,000 $1,062 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $29,065/month

23 Days on Market

Highlights

  • Private Pool
  • 1.02 Acre Lot
  • Eat-In Kitchen
  • Ormondale Elementary School Rated A+
  • Formal Dining Room
  • Forced Air Heating System

About This Home

As of March 2023

A world of possibilities awaits anyone looking to build a dream home on this 1.02 acre parcel located in the desirable central Portola Valley neighborhood. The property faces Windy Hill and the coastal range, offering many options for a site plan that takes full advantage of the incredible view. The 3200 square foot home currently on the parcel was constructed in 1962. It includes 3 bedrooms, 3 full baths, living and dining rooms, kitchen, laundry room and large family/play room with 4 additional bonus rooms, and a fully fenced backyard. This desirable location is convenient to local shopping and restaurants, commute routes, Stanford University and excellent Portola Valley Schools.

Last Agent to Sell the Property

Ginny Kavanaugh

Coldwell Banker Realty License #70010886 Listed on: 02/12/2023

Coldwell Banker Realty

Last Buyer's Agent

Sue Kockos

Golden Gate Sotheby's International Realty License #01928141

Golden Gate Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,419

Year Built

  • Built in 1962

Lot Details

  • 1.02 Acre Lot
  • Zoning described as R1001A

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,200 Sq Ft Home
  • Separate Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Septic Tank

Additional Features

  • Private Pool
  • Horses Potentially Allowed on Property

Listing and Financial Details

  • Assessor Parcel Number 077-310-160

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,419

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 61
  • Listing Class: Residential
  • Structure Sq Ft: 3200
  • Year Built: 1962
  • Zoning Description: R1001A
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room
  • Dining Room: Eat in Kitchen, Formal Dining Room
  • Living Sq Ft: 3200
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Horse Property: Possible
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Septic Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Parcel Number: 077-310-160
  • Lot Acres: 1.0200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 44431.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 44431.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Sequoia Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2023
Closed on
Mar 20, 2023
Sold by
Babcock Family Trust
Bought by
Chong Sohyong and Pyen Heeyoung
Seller's Agent
Ginny Kavanaugh
Coldwell Banker Realty
Buyer's Agent
Sue Kockos
Golden Gate Sotheby's International Realty
List Price
$3,850,000
Sold Price
$3,400,000
Premium/Discount to List
-$450,000
-11.69%
Views
40
Current Estimated Value
$4,723,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,323,832
Avg. Annual Appreciation
13.88%
Original Mortgage
$2,720,000
Outstanding Balance
$2,643,746
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$1,982,874

Purchase Details

Closed on
Aug 2, 2021
Sold by
Frank Babcock Dean
Bought by
Babcock Family Trust

Purchase Details

Closed on
Feb 6, 2020
Sold by
Babcock Dean F
Bought by
Babcock Dean F

Purchase Details

Closed on
Feb 19, 1998
Sold by
Babcock Dean F and Babcock Agnes C
Bought by
Babcock Dean F and Babcock Agnes C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 1996
Sold by
Babcock Dean F and Babcock Agnes C
Bought by
Babcock Dean F and Babcock Agnes C
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chong Sohyong $3,400,000 Lawyers Title Company
Babcock Family Trust -- --
Babcock Dean F -- None Available
Babcock Dean F -- Chicago Title Insurance Co
Babcock Dean F -- --
Babcock Dean F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chong Sohyong $2,720,000
Previous Owner Babcock Dean F $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2023 03/29/23 Sold $3,400,000 -11.7% $1,063 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
02/12/2023 02/12/23 For Sale $3,850,000 -- $1,203 / 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 $38,419 $3,537,360 $3,329,280 $208,080
2023 $38,419 $3,400,000 $2,635,000 $765,000
2022 $45,040 $4,080,000 $3,162,000 $918,000
2021 $3,410 $271,551 $56,582 $214,969
2020 $3,501 $268,767 $56,002 $212,765
2019 $3,468 $263,498 $54,904 $208,594
2018 $3,323 $258,332 $53,828 $204,504
2017 $3,289 $253,268 $52,773 $200,495
2016 $3,229 $248,303 $51,739 $196,564
2015 $3,210 $244,574 $50,962 $193,612
2014 $3,144 $239,784 $49,964 $189,820
Source: Public Records

Agents Affiliated with this Home

  • Ginny Kavanaugh

    Seller's Agent in 2023

    Ginny Kavanaugh

    Coldwell Banker Realty

    (650) 400-8076

    48 in this area

    82 Total Sales

    Section Image
  • Sue Kockos

    Buyer's Agent in 2023

    Sue Kockos

    Golden Gate Sotheby's International Realty

    (650) 430-5524

    1 in this area

    21 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81918675

MLSListings

APN: 077-310-160

California San Mateo County Portola Valley 94028

400 Cervantes Rd, Portola Valley, CA

This home is located at 400 Cervantes Rd, Portola Valley, CA 94028 since 12 February 2023 and is currently estimated at $4,625,221, approximately $1,445 per square foot. This property was built in 1962. 400 Cervantes Rd is a home located in San Mateo County with nearby schools including Ormondale Elementary School, Corte Madera School, and Woodside High School.

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