S
Seller's Agent in 2018
Stuart Bowen
Coldwell Banker Realty
600 Palm Ave Los Altos, CA 94022
Estimated Value: $2,817,000 - $3,812,000
6
Beds
4
Baths
763
Sq Ft
$4,274/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Wood Flooring
- Tile Countertops
- Gardner Bullis Elementary School Rated A
- 3 Car Garage
- Forced Air Heating System
About This Home
As of July 2018This unique property features a large 8074 SF lot in charming Old Los Altos. This is a Tri-Plex including 3 detached units with a 1 bedroom - 1 bath approximately 547 SF with detached 1 car garage, a 2 Bedroom - 1 Bath approximately 667 SF with attached 1 car garage and a 3 Bedroom - 1.5 Bath approximately 941 SF with detached 1 car garage. All units include indoor laundry, private yards and dual paned windows. This property is grandfathered as a Non Conforming Tri-Plex that is zoned single family. All units are currently occupied , so it is perfect for a builder or end user that is looking for rental income while going through the planning process with the City. Buyers to verify specifics regarding building codes This is considered a Narrow lot which has special building codes allowing for smaller setbacks (See City of Los Altos planning rules at LosAltosCA.gov). Walk to town, churches, parks etc from this great location in desirable Old Los Altos. Easy commute access
Last Agent to Sell the Property
Stuart Bowen
Coldwell Banker Realty License #01412745 Listed on: 05/23/2018
Last Buyer's Agent
Elizabeth Thompson
Christie's International Real Estate Sereno License #01382997
Property Details
Home Type
- Multi-Family
Year Built
- 1939
Lot Details
- 8,076 Sq Ft Lot
- Fenced
- Level Lot
- Back Yard
Parking
- 3 Car Garage
- On-Street Parking
- Off-Street Parking
Home Design
- Triplex
- Traditional Architecture
- Reinforced Concrete Foundation
- Pillar, Post or Pier Foundation
- Composition Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 763 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Washer and Dryer Hookup
Kitchen
- Oven or Range
- Tile Countertops
Flooring
- Wood
- Carpet
- Laminate
- Tile
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $112,800
- Month-to-Month Lease Term
Community Details
Overview
- 763 Sq Ft Building
Building Details
- 3 Leased Units
- Gross Income $112,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 23, 2018
Closed on
Aug 8, 2018
Sold by
Rostami Hesarsorkh Shadi and Rostami Shadi
Bought by
Rostami Shadi and Shadi Rostami Living Trust
Seller's Agent
Stuart Bowen
Coldwell Banker Realty
Buyer's Agent
Elizabeth Thompson
Christie's International Real Estate Sereno
List Price
$2,988,000
Sold Price
$2,500,000
Premium/Discount to List
-$488,000
-16.33%
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
$760,925
Avg. Annual Appreciation
3.58%
Original Mortgage
$1,500,000
Outstanding Balance
$1,285,016
Interest Rate
3.9%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,975,909
Purchase Details
Listed on
May 23, 2018
Closed on
Jun 29, 2018
Sold by
Couch Jo Buchanan and Couch Living Trust
Bought by
Rostami Hesarsorkh Shadi
Seller's Agent
Stuart Bowen
Coldwell Banker Realty
Buyer's Agent
Elizabeth Thompson
Christie's International Real Estate Sereno
List Price
$2,988,000
Sold Price
$2,500,000
Premium/Discount to List
-$488,000
-16.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,285,016
Interest Rate
3.9%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,975,909
Purchase Details
Closed on
Dec 5, 2006
Sold by
Absar Ilyas
Bought by
Absar Ilyas and Absar Saba M
Purchase Details
Closed on
May 20, 2006
Sold by
Buchanan Couch Joe H and Buchanan Couch Jo
Bought by
Buchanan Couch Joe H and Buchanan Couch Jo
Purchase Details
Closed on
Sep 6, 1996
Sold by
Couch Joe H and Couch Jo B
Bought by
Buchanan Couch Joe H and Buchanan Couch Jo
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rostami Shadi | -- | Fidelity National Title | |
| Rostami Hesarsorkh Shadi | $2,500,000 | First American Title Co | |
| Absar Ilyas | -- | None Available | |
| Buchanan Couch Joe H | -- | None Available | |
| Buchanan Couch Joe H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rostami Shadi | $1,500,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/03/2018 07/03/18 | Sold | $2,500,000 | -16.3% | $3,277 / Sq Ft |
| 06/26/2018 06/26/18 | Pending | -- | -- | -- |
| 05/23/2018 05/23/18 | For Sale | $2,988,000 | -- | $3,916 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $32,991 | $2,788,793 | $2,677,243 | $111,550 |
| 2024 | $32,991 | $2,734,112 | $2,624,749 | $109,363 |
| 2023 | $32,363 | $2,680,503 | $2,573,284 | $107,219 |
| 2022 | $32,021 | $2,627,945 | $2,522,828 | $105,117 |
| 2021 | $32,191 | $2,576,417 | $2,473,361 | $103,056 |
| 2020 | $32,360 | $2,550,000 | $2,448,000 | $102,000 |
| 2019 | $30,851 | $2,500,000 | $2,400,000 | $100,000 |
| 2018 | $13,530 | $970,156 | $565,925 | $404,231 |
| 2017 | $13,339 | $951,134 | $554,829 | $396,305 |
| 2016 | $12,930 | $932,485 | $543,950 | $388,535 |
| 2015 | $12,587 | $918,479 | $535,780 | $382,699 |
| 2014 | $12,451 | $900,488 | $525,285 | $375,203 |
Source: Public Records
Agents Affiliated with this Home
-
-
E
Buyer's Agent in 2018
Elizabeth Thompson
Sereno Group
Map
Source: MLSListings
MLS Number: ML81706907
APN: 175-16-043
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