$1,500,000
SOLD JUN 24, 2022
5 Beds
2 Baths
2,048 Sq Ft
8,398 Sq Ft Lot

Recently Sold

$732 Per Sq Ft

6% Below List Price

13 Days on Market

Highlights

  • 0.19 Acre Lot
  • Tandem Parking
  • 1-Story Property
  • Amy Imai Elementary School Rated A
  • North Facing Home
  • 3-minute walk to Devonshire Park

About This Home

As of June 2022

OFFER DATE: Wednesday, May 25th, 2022 at 5:00 PM. 590 Lambert Way is a five-bedroom/two-bathroom single family home with an attached non-conforming studio unit. Both units are currently being rented on a month-to-month basis. The property consists of 2,048 square feet (per county assessor) of living space situated on a generous 8,400 square foot lot (per county assessor). The square footage of the attached non-confirming studio unit is unknown and to be confirmed with buyer. This property yields a monthly rental income of $5,790 and $69,480 annually. 590 Lambert Way is part of a multi-family and single-family portfolio sale. Please refer to 207 Evandale Avenue, 500 Lambert Way and 74 Devonshire Avenue, which are adjacent or next-door to 590 Lambert Way.

Last Agent to Sell the Property

Jimmy Castellanos

Marcus & Millichap License #02024152 Listed on: 05/11/2022

Last Buyer's Agent

Jimmy Castellanos

Marcus & Millichap License #02024152 Listed on: 05/11/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,410

Year Built

  • 1961

Lot Details

  • 8,398 Sq Ft Lot
  • North Facing Home

Home Design

  • Composition Roof

Interior Spaces

  • 2,048 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Tandem Parking

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,410

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Single Family Home
  • Age: 61
  • Listing Class: Residential
  • Structure Sq Ft: 2048
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 2048
  • Stories: 1
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bedrooms: 5

Exterior Features

  • Roof: Composition
  • Property Faces: North

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Parking Area, Tandem Parking

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Mountain View-Los Altos Union High
  • Elementary School: Frank L. Huff Elementary
  • Middle School: Crittenden Middle
  • High School: Mountain View High
  • High School: 266
  • Elementary School: 164
  • Middle School: 1083

Lot Info

  • Lot Acres: 0.1928
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8400.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
Jun 17, 2022
Sold by
A & F Properties Llc
Bought by
Formosa-Devonshire Llc
Seller's Agent
Jimmy Castellanos
Marcus & Millichap
Buyer's Agent
Jimmy Castellanos
Marcus & Millichap
List Price
$1,595,000
Sold Price
$1,500,000
Premium/Discount to List
-$95,000
-5.96%
Current Estimated Value
$2,369,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$869,997
Avg. Annual Appreciation
15.37%

Purchase Details

Listed on
Feb 28, 2013
Closed on
Apr 26, 2013
Sold by
Aberg Clarence T
Bought by
A & F Properties Llc
Seller's Agent
Joan Plastiras
Prospect Properties
Buyer's Agent
Joan Plastiras
Prospect Properties
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%

Purchase Details

Closed on
Apr 26, 2000
Sold by
Aberg Clarence T
Bought by
Aberg Clarence T
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $4,052,000 Orange Coast Title
Grant Deed $850,000 Chicago Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,550,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $300,000 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2022 06/24/22 Sold $1,500,000 -6.0% $732 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $1,595,000 +87.6% $779 / Sq Ft
05/06/2013 05/06/13 Sold $850,000 0.0% $415 / Sq Ft
04/13/2013 04/13/13 Pending -- -- --
02/28/2013 02/28/13 For Sale $850,000 -- $415 / 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 $22,410 $1,946,254 $1,729,769 $216,485
2024 $22,410 $1,908,093 $1,695,852 $212,241
2023 $22,181 $1,870,680 $1,662,600 $208,080
2022 $12,044 $986,336 $789,072 $197,264
2021 $11,751 $966,997 $773,600 $193,397
2020 $11,766 $957,082 $765,668 $191,414
2019 $11,273 $938,316 $750,655 $187,661
2018 $11,156 $919,919 $735,937 $183,982
2017 $10,696 $901,882 $721,507 $180,375
2016 $10,507 $884,199 $707,360 $176,839
2015 $10,210 $870,918 $696,735 $174,183
2014 $10,119 $853,858 $683,087 $170,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81891095

MLSListings

APN: 160-10-016