NOT LISTED FOR SALE

505 Preston Dr Mountain View, CA 94040

Estimated Value: $3,814,000 - $4,280,000

4 Beds
2.5 Baths
2,398 Sq Ft
$1,683/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $2,975,000 $1,241 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $24,405/month

22 Days on Market

Highlights

  • Private Pool
  • Solar Power System
  • Soaking Tub in Primary Bathroom
  • Amy Imai Elementary School Rated A
  • Primary Bedroom Suite
  • Wood Flooring

About This Home

As of March 2020

Wonderful location in the highly sought after Waverly Park neighborhood. Gorgeously updated through out with excellent floor plan. Enter between the large formal living room and the elegant dining room. There are 4 bedrooms and 2 bathrooms plus separate powder bath off the laundry room. The spacious master suite is truly a retreat with french doors to the spa and a private seating area or space for an office plus a walk in closet. Kitchen with new appliances and countertops. Breakfast nook opening to the family room with fireplace and built ins as well as wet bar and french doors to the patio and backyard. Private rear yard with Pebble Tec swimming pool, spa and patio. Spacious side yard with ample storage. Solar panels owned, 8.2 kw. Excellent schools. Amazing location close to El Camino Hospital, Downtown Mountain View, Highway 85, 237 and 280.

Last Agent to Sell the Property

Ed Graziani

Christie's International Real Estate Sereno License #01081556 Listed on: 02/12/2020

Christie's International Real Estate Sereno

Last Buyer's Agent

Drew Doran

Compass License #01887354

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,167

Year Built

  • 1971

Lot Details

  • 8,381 Sq Ft Lot
  • Northeast Facing Home
  • Level Lot
  • Sprinklers on Timer
  • Drought Tolerant Landscaping
  • Back Yard Fenced

Parking

  • 2 Car Attached Garage
  • Electric Vehicle Home Charger
  • Off-Street Parking

Home Design

  • Wood Frame Construction
  • Wood Shingle Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,398 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Wood Burning Fireplace
  • Bay Window
  • Garden Windows
  • Formal Entry
  • Family Room with Fireplace
  • Formal Dining Room
  • Den
  • Neighborhood Views

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Gas Oven
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Eco-Friendly Details

  • Solar Power System
  • Solar owned by seller

Outdoor Features

  • Private Pool
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts

Community Details

  • Courtyard

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,167

Year Built

1971

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1-8L
  • Subclass: Single Family Home
  • Style: Ranch
  • Age: 49
  • Listing Class: Residential
  • Structure Sq Ft: 2398
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1971

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Family Room, Wood Burning
  • Dining Room: Breakfast Nook, Dining Bar, Formal Dining Room
  • Kitchen: 220 Volt Outlet, Countertop - Granite, Dishwasher, Oven Range - Gas, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 2398
  • Stories: 1
  • Bedrooms: Primary Bedroom On Ground Floor, Primary Suite / Retreat
  • Laundry: In Utility Room, Inside, Washer / Dryer
  • Flooring: Hardwood, Stone, Tile
  • Additional Rooms: Formal Entry, Laundry Room, Office Area
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Full On Ground Floor, Half On Ground Floor, Primary - Oversized Tub, Primary - Stall Shower(s), Shower And Tub, Shower Over Tub - 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Pool Description: Yes
  • Roof: Wood Shakes / Shingles
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Courtyard, Drought Tolerant Plants, Fenced, Sprinklers - Auto, Sprinklers - Lawn, Storage Shed / Structure
  • Fencing: Fenced Back, Gate, Wood
  • Property Faces: Northeast
  • Pool: Pool - Black Bottom, Pool - Heated, Pool - In Ground, Spa - Above Ground, Spa - Electric, Spa - Fiberglass, Spa / Hot Tub
  • Construction Type: Stucco, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Electric Car Hookup, Off-Street Parking

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Bay Window, Garden Window, Walk-In Closet, Wet Bar

Schools

  • School District: Mountain View-Los Altos Union High
  • Elementary School: Frank L. Huff Elementary
  • Middle School: Isaac Newton Graham Middle
  • High School: Mountain View High
  • High School: 266
  • Elementary School: 164
  • Middle School: 163

Lot Info

  • Lot Description: Grade - Level, Regular
  • Lot Acres: 0.1924
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8381.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8381.00
  • Soil: Adobe

Green Features

  • Energy Features: Solar Power

Multi Family

  • Utilities: Natural Gas, Public Utilities, Solar Panels - Owned

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2020
Closed on
Mar 10, 2020
Sold by
Benedetti Steven L and Benedetti Helen M
Bought by
Capak Capak Pourbahrami Peter L Pourbahrami Peter L
Seller's Agent
Ed Graziani
Christie's International Real Estate Sereno
Buyer's Agent
Drew Doran
Compass
List Price
$2,998,000
Sold Price
$2,975,000
Premium/Discount to List
-$23,000
-0.77%
Current Estimated Value
$4,034,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,059,866
Avg. Annual Appreciation
5.69%
Original Mortgage
$2,231,250
Outstanding Balance
$1,931,174
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$2,100,114

Purchase Details

Closed on
Sep 22, 2008
Sold by
Benedetti Steven L and Benedetti Helen M
Bought by
Benedetti Steven L and Benedetti Helene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2007
Sold by
Benedetti Steven L and Benedetti Helen M
Bought by
Benedetti Steven L and Benedetti Helen M

Purchase Details

Closed on
Jul 27, 2004
Sold by
Heim Richard C and Heim Shirley D
Bought by
Benedetti Steven L and Benedetti Helen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 1996
Sold by
Heim Richard C and Heim Shirley D
Bought by
Heim Richard C and Heim Shirley D
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
Capak Capak Pourbahrami Peter L Pourbahrami Peter L $2,975,000 Chicago Title Company
Benedetti Steven L -- Accommodation
Benedetti Steven L -- Fidelity National Title Co
Benedetti Steven L -- None Available
Benedetti Steven L $1,250,000 First American Title Company
Heim Richard C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Capak Capak Pourbahrami Peter L Pourbahrami Peter L $2,231,250
Previous Owner Benedetti Steven L $720,000
Previous Owner Benedetti Steven L $525,000
Closed Benedetti Steven L $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $2,975,000 -0.8% $1,241 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $2,998,000 -- $1,250 / 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 $37,167 $3,253,591 $3,090,860 $162,731
2024 $37,167 $3,189,796 $3,030,255 $159,541
2023 $36,784 $3,127,252 $2,970,839 $156,413
2022 $36,687 $3,065,935 $2,912,588 $153,347
2021 $35,785 $3,005,820 $2,855,479 $150,341
2020 $19,296 $1,593,189 $955,915 $637,274
2019 $18,477 $1,561,951 $937,172 $624,779
2018 $18,273 $1,531,326 $918,797 $612,529
2017 $17,512 $1,501,301 $900,782 $600,519
2016 $17,167 $1,471,865 $883,120 $588,745
2015 $16,673 $1,449,757 $869,855 $579,902
2014 $16,521 $1,421,359 $852,816 $568,543
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81782453

MLSListings

APN: 197-23-021