NOT LISTED FOR SALE

516 University Ave Los Altos, CA 94022

Estimated Value: $5,277,000 - $5,990,000

4 Beds
3.5 Baths
3,037 Sq Ft
$1,838/Sq Ft Est. Value

Last Sold August 17, 2021

Last sale price $4,630,000 $1,525 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $33,826/month

40 Days on Market

Highlights

  • Wine Cellar
  • Deck
  • Family Room with Fireplace
  • Gardner Bullis Elementary School Rated A
  • Forest View
  • 1-minute walk to Redwood Grove Nature Preserve

About This Home

As of August 2021

Pending sale. Open house cancelled.

Last Agent to Sell the Property

Bruce Dougherty

Compass License #01483998 Listed on: 06/29/2021

Last Buyer's Agent

Diane McDermott

Intero Real Estate Services License #01268719

Intero Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,222

Year Built

  • 1983

Lot Details

  • 10,032 Sq Ft Lot
  • Fenced Front Yard
  • Wood Fence
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 2 Car Attached Garage

Property Views

  • Forest
  • Neighborhood

Home Design

  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Wood Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,037 Sq Ft Home
  • 1-Story Property
  • Entertainment System
  • Wine Cellar
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Storage Room
  • Alarm System

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Double Oven
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathroom on Main Level
  • Granite Bathroom Countertops
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in Utility Room
  • Electric Dryer Hookup

Outdoor Features

  • Seasonal Stream
  • Balcony
  • Deck
  • Outdoor Fireplace
  • Fire Pit
  • Barbecue Area

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,222

Year Built

1983

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Age: 38
  • Listing Class: Residential
  • Structure Sq Ft: 3037
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1983

Interior Features

  • Family Room: Kitchen / Family Room Combo, Separate Family Room
  • Fireplace: Family Room, Living Room
  • Dining Room: Breakfast Bar, Eat In Kitchen, Formal Dining Room
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Ice Maker, Island, Microwave, Oven - Built-In, Oven - Double, Oven Range - Electric, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 3037
  • Stories: 1
  • Security: Security Alarm
  • Bedrooms: Ground Floor Bedroom, Primary Bedroom On Ground Floor, More Than One Bedroom On Ground Floor
  • Laundry: Electricity Hookup (220V), In Utility Room, Inside
  • Flooring: Carpet, Hardwood
  • Additional Rooms: Bonus / Hobby Room, Storage, Wine Cellar / Storage
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Full On Ground Floor, Granite, Half On Ground Floor, Shower And Tub, Stall Shower - 2+, Tile, Updated Bath

Exterior Features

  • Foundation: Concrete Perimeter, Post And Pier, Wood Frame
  • Roof: Wood Shakes / Shingles
  • View: Forest / Woods, Neighborhood
  • Yard/Grounds: Balcony / Patio, Bbq Area, Deck, Fire Pit, Low Maintenance, Outdoor Fireplace, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced Front, Surveyed, Wood
  • Pool: Spa - Above Ground, Spa - Cover, Spa - Gas

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Video / Audio System, Walk-In Closet

Schools

  • School District: Mountain View-Los Altos Union High
  • Elementary School: Gardner Bullis Elementary
  • Middle School: Ardis G. Egan Intermediate
  • High School: Los Altos High
  • High School: 265
  • Elementary School: 1079
  • Middle School: 133

Lot Info

  • Lot Description: Stream - Seasonal, Surveyed, Views
  • Lot Acres: 0.2303
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10030.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10030.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2022
Sold by
Kim and Jiye
Bought by
Bingu Family Trust
Current Estimated Value
$5,581,364

Purchase Details

Listed on
Jun 29, 2021
Closed on
Aug 11, 2021
Sold by
Jslt Properties Llc
Bought by
Kim Woenyoung and Lee Jiye
Seller's Agent
Bruce Dougherty
Compass
Buyer's Agent
Diane McDermott
Intero Real Estate Services
List Price
$4,690,000
Sold Price
$4,630,000
Premium/Discount to List
-$60,000
-1.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
Oct 31, 2016
Sold by
Ewert John R and Ewert Stacy S B
Bought by
Jslt Properties Llc

Purchase Details

Listed on
Jan 16, 2013
Closed on
Feb 6, 2013
Sold by
Heffernan Brian T and Hefernan Mary R
Bought by
Ewert John R and Ewert Stacy S B
Seller's Agent
Ed Graziani
Christie's International Real Estate Sereno
Buyer's Agent
Bruce Dougherty
Compass
List Price
$2,890,000
Sold Price
$3,100,000
Premium/Discount to List
$210,000
7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.71%

Purchase Details

Closed on
Apr 8, 2010
Sold by
Mott Richard W and Mott Gail A
Bought by
Heffernan Brian T and Heffernan Mary R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2008
Sold by
Mott Richard W and Mott Gail A
Bought by
Mott Richard W and Mott Gail A

Purchase Details

Closed on
Nov 11, 2002
Sold by
Lee Richard H and Lee Anne H
Bought by
Mott Richard W and Mott Gail A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 1998
Sold by
Lee Richard H and Lee Anne H
Bought by
Lee Richard H and Lee Anne H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,700
Interest Rate
7.12%

Purchase Details

Closed on
Jul 15, 1998
Sold by
Lee Richard H and Lee Anne H
Bought by
Lee Richard H and Lee Anne H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,700
Interest Rate
7.12%

Purchase Details

Closed on
Dec 2, 1997
Sold by
Lee Richard H and Lee Anne H
Bought by
Lee Richard H and Lee Anne H

Purchase Details

Closed on
Jun 6, 1995
Sold by
Lemay L P and Lemay Gilberte J
Bought by
Lee Richard H and Lee Anne H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.12%
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
Bingu Family Trust -- Dla Piper Llp
Kim Woenyoung $4,630,000 First American Title Company
Jslt Properties Llc -- None Available
Ewert John R $3,100,000 Chicago Title Company
Heffernan Brian T -- Old Republic Title Company
Mott Richard W -- None Available
Mott Richard W -- None Available
Mott Richard W $1,600,000 First American Title Company
Lee Richard H -- Old Republic Title Company
Lee Richard H -- Old Republic Title Company
Lee Richard H -- --
Lee Richard H $845,000 Nations Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heffernan Brian T $2,300,000
Previous Owner Mott Richard W $1,000,000
Previous Owner Lee Richard H $729,700
Previous Owner Lee Richard H $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2021 08/17/21 Sold $4,630,000 -1.3% $1,525 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $4,690,000 +51.3% $1,544 / Sq Ft
03/14/2013 03/14/13 Sold $3,100,000 +7.3% $1,027 / Sq Ft
02/01/2013 02/01/13 Pending -- -- --
01/16/2013 01/16/13 For Sale $2,890,000 -- $958 / 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 $52,222 $4,913,392 $4,032,590 $880,802
2024 $52,222 $4,500,000 $3,950,000 $550,000
2023 $48,854 $4,175,000 $3,426,500 $748,500
2022 $54,689 $4,630,000 $3,800,000 $830,000
2021 $42,968 $3,526,707 $2,502,826 $1,023,881
2020 $43,320 $3,490,546 $2,477,163 $1,013,383
2019 $41,187 $3,422,105 $2,428,592 $993,513
2018 $40,731 $3,355,006 $2,380,973 $974,033
2017 $39,154 $3,289,223 $2,334,288 $954,935
2016 $38,240 $3,224,729 $2,288,518 $936,211
2015 $37,661 $3,176,292 $2,254,143 $922,149
2014 $37,230 $3,114,074 $2,209,988 $904,086
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81850397

MLSListings

APN: 175-13-043