NOT LISTED FOR SALE

500 Cherry Ave Los Altos, CA 94022

Estimated Value: $7,558,000 - $8,322,000

4 Beds
3.5 Baths
3,262 Sq Ft
$2,412/Sq Ft Est. Value

Last Sold October 15, 2019

Last sale price $5,988,000 $1,836 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $47,366/month

7 Days on Market

Highlights

  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • Jetted Soaking Tub in Primary Bathroom
  • Santa Rita Elementary School Rated A
  • Secluded Lot
  • Wood Flooring

About This Home

As of October 2019

Inspired by Italian craftsmanship & design, this Mediterranean masterpiece is surrounded by an exquisite garden. The comfortable single level floor plan with generous rooms & hand hewn plank hickory & pecan wood floors is arranged around a dramatic great room with soaring open beam ceiling. The huge kitchen features sweeping counters, handsome custom cabinetry, top of the line appliances, a large center island, & includes a long raised counter that suggests informal dining or conversation with the home chef. Sunlight streams through clerestory windows, skylights & walls of windows & doors that span the rear of the home & frame views of the lush garden setting. Loggias off of the master bedroom & the great room provide inviting places to entertain & enjoy the colorful garden. The home includes 2 master suites, 1 bedroom furnished as a home office & 3.5 luxurious baths. A 3-car garage & alcove for exercise equipment complete this special home. Just 5 blocks to downtown Los Altos.

Last Agent to Sell the Property

Nicole Aron

Compass License #00952657 Listed on: 08/28/2019

Compass

Co-Listed By

Carol Carnevale

Compass License #00946687

Last Buyer's Agent

Shilpa Merchant

Compass License #01112533

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 0.38 Acre Lot
  • Gated Home
  • Partially Fenced Property
  • Wood Fence
  • Secluded Lot
  • Level Lot
  • Sprinklers on Timer
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard
  • Zoning described as R1

Parking

  • 3 Car Attached Garage
  • Workshop in Garage
  • Garage Door Opener
  • Guest Parking

Home Design

  • Mediterranean Architecture
  • Reinforced Concrete Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,262 Sq Ft Home
  • 1-Story Property
  • Entertainment System
  • Wired For Sound
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Skylights in Kitchen
  • Gas Log Fireplace
  • Double Pane Windows
  • Garden Windows
  • Formal Entry
  • Great Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Den
  • Storage Room
  • Garden Views

Kitchen

  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Warming Drawer
  • Dishwasher
  • Wine Refrigerator
  • ENERGY STAR Qualified Appliances
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Split Bathroom
  • Bathroom on Main Level
  • Bidet
  • Dual Sinks
  • Low Flow Toliet
  • Jetted Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Basement

  • Sealed Crawl Space
  • Crawl Space

Home Security

  • Security Lights
  • Intercom
  • Panic Alarm

Eco-Friendly Details

  • Energy-Efficient Insulation

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Thermostat
  • 220 Volts
  • Water Filtration System
  • Water Purifier is Owned
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 167-27-044

Community Details

Amenities

  • Courtyard

Security

  • Security Service
  • Safe or Vault

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean
  • Listing Class: Residential
  • Structure Sq Ft: 3262
  • Incorporated: Yes
  • Year Built: 2005
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning, Gas Log, Living Room, Primary Bedroom
  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Other, Dishwasher, Dual Fuel, Hood Over Range, Hookups - Gas, Island with Sink, Oven - Double, Oven Range - Built-In, Gas, Pantry, Refrigerator, Skylight, Warming Drawer, Wine Refrigerator
  • Living Sq Ft: 3262
  • Stories: 1
  • Security: Panic Alarm, Security Lights, Security Service, Vault
  • Bedrooms: Ground Floor Bedroom, Primary Bedroom on Ground Floor, Primary Suite / Retreate - 2+, More than One Bedroom on Ground Floor, More than One Primary Bedroom, More than One Primary Bedroom on Ground Floor, Walk-in Closet
  • Laundry: Dryer, Electricity Hookup (220V), In Utility Room, Inside, Tub / Sink, Washer
  • Flooring: Carpet, Hardwood
  • Additional Rooms: Formal Entry, Great Room, Laundry Room, Office Area, Storage
  • Fireplaces Min: 2
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Bidet, Double Sinks, Full on Ground Floor, Half on Ground Floor, Primary - Stall Shower(s), Primary - Sunken Tub, Primary - Tub with Jets, Shower over Tub - 1, Split Bath, Stall Shower
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space, Reinforced Concrete
  • Roof: Tile
  • View: Garden / Greenbelt
  • Yard/Grounds: Back Yard, Balcony / Patio, BBQ Area, Courtyard, Drought Tolerant Plants, Fenced, Low Maintenance, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced, Gate, Mixed Height / Type, Partial Fencing, Surveyed, Wood
  • Construction Type: Steel, Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage, Gate / Door Opener, Guest / Visitor Parking, Workshop in Garage

Utilities

  • Cooling System: Ceiling Fan, Central AC, Multi-Zone
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Garden Window, High Ceiling, Open Beam Ceiling, Skylight, Video / Audio System, Walk-in Closet

Schools

  • High School: 265

Lot Info

  • Lot Description: Grade - Level, Private / Secluded
  • Parcel Number: 167-27-044
  • Lot Acres: 0.3762
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 16387.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 16387.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Energy Star Appliances, Insulation - Per Owner, Low Flow Shower, Low Flow Toilet, Sealed Crawlspace, Skylight, Thermostat Controller, Walls Insulated

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Mountain View-Los Altos Union High
  • Elementary School Text: Santa Rita 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
Aug 28, 2019
Closed on
Sep 27, 2019
Sold by
Berkley Stephen M and The Smb Trust
Bought by
Roccasalva Marco Salvatore and Roccasalva Theresa Denise
Seller's Agent
Nicole Aron
Compass
Buyer's Agent
Shilpa Merchant
Compass
List Price
$6,250,000
Sold Price
$5,988,000
Premium/Discount to List
-$262,000
-4.19%
Current Estimated Value
$7,868,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,880,911
Avg. Annual Appreciation
4.48%
Original Mortgage
$3,892,200
Outstanding Balance
$3,409,763
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$4,459,148

Purchase Details

Closed on
Jun 23, 2004
Sold by
Tefft Gaylord S and Tefft Carol L
Bought by
Berkley Stephen M

Purchase Details

Closed on
Apr 9, 2004
Sold by
Tefft Gaylor S
Bought by
Tefft Gaylor S and Tefft Carol L

Purchase Details

Closed on
Jan 31, 2003
Sold by
Tefft Gaylord S
Bought by
Tefft Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.83%

Purchase Details

Closed on
Sep 30, 2000
Sold by
Tefft Gaylord S and Tefft Carol L
Bought by
Tefft Gaylord S and Tefft Carol L
Source: Public Records
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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
Roccasalva Marco Salvatore $5,988,000 Old Republic Title Company
Berkley Stephen M $1,615,000 Alliance Title Company
Tefft Gaylor S -- --
Tefft Carol L -- Alliance Title Company
Tefft Gaylord S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roccasalva Marco Salvatore $3,892,200
Previous Owner Tefft Carol L $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2019 10/15/19 Sold $5,988,000 -4.2% $1,836 / Sq Ft
09/05/2019 09/05/19 Pending -- -- --
08/28/2019 08/28/19 For Sale $6,250,000 -- $1,916 / 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 $74,643 $6,548,748 $5,127,010 $1,421,738
2024 $74,643 $6,420,342 $5,026,481 $1,393,861
2023 $73,697 $6,294,454 $4,927,923 $1,366,531
2022 $73,713 $6,171,035 $4,831,298 $1,339,737
2021 $73,751 $6,050,035 $4,736,567 $1,313,468
2020 $73,977 $5,988,000 $4,688,000 $1,300,000
2019 $16,329 $1,248,426 $536,708 $711,718
2018 $15,796 $1,223,948 $526,185 $697,763
2017 $15,262 $1,199,950 $515,868 $684,082
2016 $14,984 $1,176,422 $505,753 $670,669
2015 $14,775 $1,158,752 $498,157 $660,595
2014 -- $1,136,054 $488,399 $647,655
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81766328

MLSListings

APN: 167-27-044