NOT LISTED FOR SALE

505 Cypress Point Dr Unit 235 Mountain View, CA 94043

Rex Manor Neighborhood

Estimated Value: $873,000 - $1,296,000

2 Beds
2 Baths
1,105 Sq Ft
1,172 Sq Ft Lot

Sale Details

Date Sold: August 30, 2019

Last sale price $930,000 $842 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,876 / mo

6 Days on Market

Highlights

  • Fitness Center
  • Private Pool
  • Clubhouse
  • Edith Landels Elementary School Rated A-
  • Primary Bedroom Suite
  • 4-minute walk to Jackson Park

About This Home

As of August 2019

Completely remodeled 2nd floor condo in desirable Cypress Point Lakes. Prime location, only 2 blocks to downtown MV. Formal entry w/recessed lighting & entry closet w/mirrored doors. Spacious living room w/vaulted ceiling, new plush carpeting, recessed lighting, fireplace w/new custom tile surround & large glass slider to the balcony. Separate eating area w/ plank flooring & new chandelier. New kitchen w/white shaker style cabinets w/soft close hinges, quartz countertops & SS appliances. Master suite w/walk in closet & plush carpet. Master bath features a shower over tub w/custom tile surround & glass door enclosure, white shaker style cabinet w/quartz countertop, dual sinks, custom mirror, light fixtures & tile flooring. 2nd bedroom w/new plush carpeting & large closet w/mirrored doors. Hall bath w/a shower over tub w/tile surround & glass door enclosure, white shaker style cabinet w/quartz countertop, custom mirror, light fixture & tile flooring. Sunny balcony + a storage closet

Last Agent to Sell the Property

Colleen Rose

Christie's International Real Estate Sereno License #01221104 Listed on: 07/25/2019

Christie's International Real Estate Sereno

Last Buyer's Agent

Colleen Rose

Christie's International Real Estate Sereno License #01221104 Listed on: 07/25/2019

Christie's International Real Estate Sereno

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1971

Lot Details

  • 1,172

HOA Fees

  • $489 Monthly HOA Fees

Interior Spaces

  • 1,105 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround

Parking

  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Pool

  • Private Pool
  • Gunite Spa

Additional Features

  • Balcony
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 158-46-235

Community Details

Overview

  • Association fees include common area electricity, decks, exterior painting, garbage, hot water, insurance - earthquake, insurance - liability, maintenance - common area, pool spa or tennis, reserves, roof, unit coverage insurance, water / sewer
  • 302 Units
  • Cypress Point Lakes Association
  • Built by Cypress Point Lakes
  • Greenbelt

Amenities

  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Common Utility Room

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1971

Lot Details

1,172 Sq Ft Lot

HOA Fees

$489 per month

Listing Details

  • Subclass: Condominium
  • Restrictions: Pets - Allowed
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 302
  • Structure Sq Ft: 1105
  • Complex Name: Cypress Point Lakes
  • Year Built: 1971
  • Zoning Description: R3-2*
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area
  • Kitchen: Countertop - Quartz, Dishwasher, Garbage Disposal, Microwave, Oven Range - Electric, Pantry, Refrigerator
  • Living Sq Ft: 1105
  • Stories: 1
  • Bedrooms: Primary Suite / Retreat, Walk-in Closet
  • Laundry: Community Facility
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Showers over Tubs - 2+, Tile, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Pool Description: Community Facility, Spa - Gunite
  • Yard/Grounds: Balcony / Patio
  • Pool: Yes

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Covered Parking, Guest / Visitor Parking
  • Carport Min: 1

Utilities

  • Heating System: Baseboard, Electric
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 489
  • HOA Amenities: Club House, Common Utility Room, Community Pool, Garden / Greenbelt / Trails, Gym / Exercise Facility, Sauna / Spa / Hot Tub, Tennis Court / Facility
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Decks, Exterior Painting, Garbage, Hot Water, Insurance - Earthquake, Insurance - Liability, Maintenance - Common Area, Pool, Spa, or Tennis, Reserves, Roof, Unit Coverage Insurance, Water / Sewer
  • H O A Name Text: Cypress Point Lakes
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling, Walk-in Closet

Schools

  • High School: 266

Lot Info

  • Parcel Number: 158-46-235
  • Lot Acres: 0.0269
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1171.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1171.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Mountain View-Los Altos Union High
  • Elementary School Text: Theuerkauf Elementary
  • High School Text: Mountain View High
  • Middle School Text: Crittenden Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2019
Closed on
Aug 20, 2019
Sold by
Olmstead Dan J and Olmstead Carol Y
Bought by
Giudici Bhargav Shaily and Giudici Bhargav Shaun Michael
Seller's Agent
Colleen Rose
Christie's International Real Estate Sereno
Buyer's Agent
Colleen Rose
Christie's International Real Estate Sereno
List Price
$888,000
Sold Price
$930,000
Premium/Discount to List
$42,000
4.73%
Current Estimated Value
$1,008,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,123
Avg. Annual Appreciation
1.23%
Original Mortgage
$790,400
Outstanding Balance
$685,689
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$322,434

Purchase Details

Closed on
Nov 22, 2010
Sold by
Olmstead D J and Olmstead 1996 Living Trust
Bought by
Olmstead Dan J and Godsave Carol Y

Purchase Details

Closed on
Jul 18, 2003
Sold by
Olmstead Daniel J
Bought by
Olmstead D J and Olmstead 1996 Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 1996
Sold by
Olmstead Dan
Bought by
Olmstead D J and Olmstead 1996 Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Giudici Bhargav Shaily $930,000 Old Republic Title Company
Olmstead Dan J -- None Available
Olmstead D J -- Old Republic Title Company
Olmstead Daniel J -- Old Republic Title Company
Olmstead D J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giudici Bhargav Shaily $790,400
Previous Owner Olmstead Daniel J $103,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $930,000 +4.7% $842 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
07/25/2019 07/25/19 For Sale $888,000 -- $804 / Sq Ft
Source: MLSListings

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 $12,061 $1,017,086 $508,543 $508,543
2024 $12,061 $997,144 $498,572 $498,572
2023 $11,903 $977,594 $488,797 $488,797
2022 $10,256 $826,100 $413,000 $413,100
2021 $9,896 $939,634 $469,817 $469,817
2020 $11,522 $930,000 $465,000 $465,000
2019 $2,940 $224,702 $83,562 $141,140
2018 $2,926 $220,297 $81,924 $138,373
2017 $2,803 $215,978 $80,318 $135,660
2016 $2,671 $211,744 $78,744 $133,000
2015 $2,607 $208,565 $77,562 $131,003
2014 $2,579 $204,480 $76,043 $128,437
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81762008

MLSListings

APN: 158-46-235

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