NOT LISTED FOR SALE

500 Cherry Ave Los Altos, CA 94022

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

4 Beds
4 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 $47,326/month

About This Home

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.

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 Prior Sale
10/15/2019 10/15/19 Sold $5,988,000 -4.2% $1,836 / Sq Ft View Prior Sale
09/05/2019 09/05/19 Pending -- -- --
08/28/2019 08/28/19 For Sale $6,250,000 -- $1,916 / Sq Ft

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

  • Nicole Aron

    Seller's Agent in 2019

    Nicole Aron

    Compass

    (650) 250-4517

    29 Total Sales

    Nicole Aron
    Section Image
  • Carol Carnevale

    Seller Co-Listing Agent in 2019

    Carol Carnevale

    Compass

    (650) 250-4517

    7 Total Sales

    Carol Carnevale
    Section Image

  • S

    Buyer's Agent in 2019

    Shilpa Merchant

    Compass

    Section Image
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Map

California Santa Clara County Los Altos 94022

500 Cherry Ave, Los Altos, CA

Not Listed for Sale

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