Seller's Agent in 2023
Art Sharif
Sotheby's Intl Rlty
(650) 804-4770
1 in this area
74 Total Sales
53 Mandarin Way Atherton, CA 94027
West of the Alameda NeighborhoodEstimated Value: $7,001,000 - $8,200,728
5
Beds
3.5
Baths
3,350
Sq Ft
$2,259/Sq Ft
Est. Value
Highlights
- Heated Pool
- Wood Flooring
- 2 Car Attached Garage
- Las Lomitas Elementary School Rated A+
- Open to Family Room
- Forced Air Heating and Cooling System
About This Home
As of October 2023Opportunity knocks at this level mid-century estate in desirable West Atherton. It is located on a quiet cul-de-sac with mature trees. The 3,350 SF home has tall ceilings and walls of windows on the main level. The rear grounds feature mature landscaping, a pool, an organic vegetable garden, and a tennis court. It is lovingly maintained and updated. Inside, it features a primary suite with tall ceilings, two oversized walk-in closets, five bedrooms, an oversized loft, and a total of 4 1/2 Baths The eat-in kitchen is connected to the family room with a fireplace. There is also a loft/office and a 2-car garage. Other features include hardwood floors, a "wine cellar." and a loft. It is on a fully buildable, wide, and level 1.17-acre level parcel. This property presents an excellent opportunity to build the estate of your dreams while generating cash flow during the entitlement process: excellent Las Lomitas School District, minutes to Downtown Menlo Park, Sand Hill Rd, and Stanford.
Last Agent to Sell the Property
Sotheby's Intl Rlty License #01481940 Listed on: 09/07/2023
Home Details
Home Type
- Single Family
Year Built
- Built in 1962
Lot Details
- 1.17 Acre Lot
- Zoning described as R1001A
Parking
- 2 Car Attached Garage
Home Design
- Reinforced Concrete Foundation
- Raised Foundation
- Composition Roof
Interior Spaces
- 3,350 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Combination Dining and Living Room
- Open to Family Room
Flooring
- Wood
- Carpet
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms
Additional Features
- Heated Pool
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 070-031-270
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 7, 2023
Closed on
Oct 6, 2023
Sold by
Coberly Family Revocable Trust
Bought by
Rastrow Ariya and Nouri Hadis
Seller's Agent
Art Sharif
Sotheby's Intl Rlty
Buyer's Agent
Hossein Djalali
Coldwell Banker Realty
List Price
$7,498,000
Sold Price
$7,000,000
Premium/Discount to List
-$498,000
-6.64%
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$568,182
Avg. Annual Appreciation
3.42%
Original Mortgage
$3,996,000
Outstanding Balance
$3,902,632
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$3,665,550
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rastrow Ariya | $7,000,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rastrow Ariya | $3,996,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/24/2023 10/24/23 | Sold | $7,000,000 | -6.6% | $2,090 / Sq Ft |
| 09/12/2023 09/12/23 | Pending | -- | -- | -- |
| 09/07/2023 09/07/23 | For Sale | $7,498,000 | -- | $2,238 / 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 | $78,878 | $7,140,000 | $7,038,000 | $102,000 |
| 2023 | $78,878 | $421,614 | $177,630 | $243,984 |
| 2022 | $5,777 | $413,348 | $174,148 | $239,200 |
| 2021 | $5,680 | $405,244 | $170,734 | $234,510 |
| 2020 | $5,550 | $401,090 | $168,984 | $232,106 |
| 2019 | $5,644 | $393,226 | $165,671 | $227,555 |
| 2018 | $5,376 | $385,517 | $162,423 | $223,094 |
| 2017 | $6,240 | $377,959 | $159,239 | $218,720 |
| 2016 | $6,160 | $370,549 | $156,117 | $214,432 |
| 2015 | $6,027 | $364,984 | $153,772 | $211,212 |
| 2014 | $5,921 | $357,835 | $150,760 | $207,075 |
Source: Public Records
Agents Affiliated with this Home
-
Art Sharif
-
Hossein Djalali
Buyer's Agent in 2023
Hossein Djalali
Coldwell Banker Realty
(650) 740-2233
3 in this area
59 Total Sales
Map
Source: MLSListings
MLS Number: ML81939535
APN: 070-031-270
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