NOT LISTED FOR SALE

48 Gresham Ln Atherton, CA 94027

Estimated Value: $7,473,000 - $10,270,542

6 Beds
5.5 Baths
5,611 Sq Ft
$1,508/Sq Ft Est. Value

Last Sold July 01, 2016

Last sale price $7,300,000 $1,301 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $53,961/month

Highlights

  • Heated Pool and Spa
  • Skyline View
  • Vaulted Ceiling
  • Menlo-Atherton High School Rated A
  • 1.01 Acre Lot
  • Wood Flooring

About This Home

As of July 2016

Thoroughly modern. Absolutely welcoming. Custom built in 2014 for designer/owner Michele Ono of Michele Ono Designs and her family, 48 Gresham Lane combines a remarkable fusion of quality contemporary architectural excellence with family-friendly livability, all on one level. The thoughtful yet breathtaking design with an unsurpassed welcoming vibe is rare in today’s newly constructed homes. An unmistakable warmth pervades the stylish home. Dramatic and open zen-like interior to home with custom doors and windows throughout. Seamless integration of the indoor-outdoor lifestyle. Calm grounds with pool, spa, bocce ball and raised garden beds.

Last Agent to Sell the Property

Lynn Wilson Roberts

Compass License #01814885 Listed on: 07/01/2016

Compass

Last Buyer's Agent

Steve Lessard

Compass License #01183468

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $95,883

Year Built

  • Built in 1964

Lot Details

  • 1.01 Acre Lot
  • Zoning described as R1001A

Parking

  • 3 Car Detached Garage

Home Design

  • Modern Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,611 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • 3 Fireplaces
  • Gas Fireplace
  • Mud Room
  • Formal Entry
  • Great Room
  • Den
  • Bonus Room
  • Skyline Views

Kitchen

  • Breakfast Room
  • Open to Family Room
  • Eat-In Kitchen
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Marble Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Marble Bathroom Countertops
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer
  • Laundry Tub

Home Security

  • Alarm System
  • Fire Sprinkler System

Pool

  • Heated Pool and Spa
  • Black Bottom Pool
  • Heated In Ground Pool
  • Pool Sweep

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 059-303-320

Home Details

Home Type

Single Family

Est. Annual Taxes

$95,883

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Style: Modern / High Tech
  • Age: 52
  • Estimated Completion Date: 06/28/2016
  • Listing Class: Residential
  • Structure Sq Ft: 5611
  • Construction: Completed
  • Year Built: 1964
  • Zoning Description: R1001A
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Gas Burning
  • Dining Room: Breakfast Nook, Breakfast Room, Eat in Kitchen, Skylight
  • Kitchen: Cooktop - Gas, Countertop - Marble, Dishwasher, Garbage Disposal, Hood Over Range, Island with Sink, Microwave, Oven - Double, Oven Range - Built-In, Gas, Pantry, Refrigerator, Warming Drawer, Wine Refrigerator
  • Living Sq Ft: 5611
  • Stories: 1
  • Security: Fire System - Sprinkler, Security Alarm
  • Laundry: Tub / Sink, Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Bonus / Hobby Room, Den / Study / Office, Formal Entry, Great Room, Laundry Room, Mud Room, Office Area, Storage
  • Fireplaces Min: 3
  • Maximum Numberof Bedrooms: 6
  • Minimum Numberof Bedrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Bathroom: Double Sinks, Marble, Shower and Tub, Skylight, Stall Shower, Tile, Tub with Jets
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Pool Description: Pool - Black Bottom, Pool - Heated, Pool - In Ground, Pool / Spa Combo, Pool - Sweep
  • Roof: Composition
  • Pool: Yes
  • Construction Type: Steel, Wood

Garage/Parking

  • Garage Spaces: 3
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Central Forced Air - Gas, Multi-Zone
  • Heating System: Central Forced Air - Gas, Heating - 2+ Zones
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling, Walk-in Closet

Schools

  • School District: Sequoia Union High

Lot Info

  • Parcel Number: 059-303-320
  • Lot Acres: 1.0090
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 43952.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 43952.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Sequoia Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2021
Sold by
Thomas Remi and Thomas Lisa
Bought by
Thomas Remi and Thomas Lisa
Current Estimated Value
$8,396,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,080,000
Outstanding Balance
$3,653,417
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$3,996,131

Purchase Details

Listed on
Jul 1, 2016
Closed on
Jun 20, 2016
Sold by
Choi George Y and Ono Michele M
Bought by
Thomas Remi K and Thomas Lisa Jane
Seller's Agent
Lynn Wilson Roberts
Compass
Buyer's Agent
Steve Lessard
Compass
List Price
$7,250,000
Sold Price
$7,300,000
Premium/Discount to List
$50,000
0.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.51%
Original Mortgage
$4,380,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 14, 2012
Closed on
Aug 6, 2012
Sold by
Berman Louis S and Berman Barbara L
Bought by
Choi George Y and Ono Michele M
Seller's Agent
Judy Citron
Compass
Buyer's Agent
Lynn Wilson Roberts
Compass
List Price
$3,450,000
Sold Price
$3,025,000
Premium/Discount to List
-$425,000
-12.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.49%

Purchase Details

Closed on
Apr 30, 2003
Sold by
Berman Louis S and Berman Barbara L
Bought by
Berman Louis S and Berman Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.84%

Purchase Details

Closed on
Sep 11, 2002
Sold by
Berman Louis S and Berman Barbara L
Bought by
Berman Louis S and Berman Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
6.24%

Purchase Details

Closed on
Jan 22, 1999
Sold by
Berman Louis S and Berman Barbara L
Bought by
Berman Louis S and Berman Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,600
Interest Rate
6.63%

Purchase Details

Closed on
Nov 24, 1993
Sold by
Berman Louis S and Berman Barbara L
Bought by
Berman Louis S and Berman Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,000
Interest Rate
6.42%

Purchase Details

Closed on
Nov 12, 1993
Sold by
Berman Louis S and Berman Barbara L
Bought by
Berman Louis S and Berman Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,000
Interest Rate
6.42%
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
Thomas Remi -- Wfg National Title Ins Co
Thomas Remi K $7,300,000 Lawyers Title Company
Choi George Y $3,025,000 Chicago Title Company
Berman Louis S -- North American Title Company
Berman Louis S -- North American Title Company
Berman Louis S -- North American Title Company
Berman Louis S -- North American Title Company
Berman Louis S -- North American Title Insuran
Berman Louis S -- North American Title Insuran
Berman Louis S -- --
Berman Louis S -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Remi $4,080,000
Closed Thomas Remi $4,080,000
Closed Thomas Remi K $4,080,000
Closed Thomas Remi K $4,380,000
Previous Owner Berman Louis S $250,000
Previous Owner Berman Louis S $255,000
Previous Owner Berman Louis S $255,000
Previous Owner Berman Louis S $223,600
Previous Owner Berman Louis S $286,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2016 07/01/16 Sold $7,300,000 +0.7% $1,301 / Sq Ft
07/01/2016 07/01/16 Pending -- -- --
07/01/2016 07/01/16 For Sale $7,250,000 +139.7% $1,292 / Sq Ft
08/14/2012 08/14/12 Sold $3,025,000 -6.9% $914 / Sq Ft
07/16/2012 07/16/12 Pending -- -- --
06/23/2012 06/23/12 Price Changed $3,250,000 -5.8% $982 / Sq Ft
05/14/2012 05/14/12 For Sale $3,450,000 -- $1,042 / 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 $95,883 $8,757,533 $5,575,683 $3,181,850
2023 $95,883 $8,417,470 $5,359,173 $3,058,297
2022 $89,938 $8,252,424 $5,254,092 $2,998,332
2021 $87,874 $7,983,613 $5,151,071 $2,832,542
2020 $86,670 $7,901,752 $5,098,254 $2,803,498
2019 $86,322 $7,746,817 $4,998,289 $2,748,528
2018 $83,997 $7,594,920 $4,900,284 $2,694,636
2017 $83,669 $7,446,000 $4,804,200 $2,641,800
2016 $56,417 $4,955,870 $3,042,689 $1,913,181
2015 $54,250 $4,881,429 $2,996,985 $1,884,444
2014 $37,780 $3,365,279 $2,938,279 $427,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81593239

MLSListings

APN: 059-303-320