NOT LISTED FOR SALE

86 3rd St Unit 306 Los Altos, CA 94022

Estimated Value: $1,736,419 - $2,462,000

2 Beds
2 Baths
1,162 Sq Ft
$420/ mo HOA Fee

Last Sold January 29, 2021

Last sale price $1,860,000 $1,601 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $13,167/month

49 Days on Market

Highlights

  • Primary Bedroom Suite
  • Vaulted Ceiling
  • Quartz Countertops
  • Gardner Bullis Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Los Altos Village Park

About This Home

As of January 2021

Rare opportunity to own a penthouse unit at VILLAS ON THIRD: Ultra-Luxurious condominium home situated in the vibrant neighborhood of downtown Los Altos. This 2 Bedroom, 2 Bath contemporary home of 1162 sq.ft (per appraiser) features beautiful hardwood floors, soaring 14.5 foot high vaulted ceiling, wall of windows with electric shades, and shaded balcony. The inside features a chef's kitchen with a Sub Zero refrigerator, Wolf appliances, full pantry, and large peninsula for dining. Stylish master suite with large walk-in closet, oversized walk-in shower with a no- lip pebbled floor, and marble tile walls. Gated underground parking with dedicated parking spaces equipped with an electrical charger. You'll appreciate quick access, privacy, and a peaceful retreat! The Villas on Third is centrally located for all your needs. One quick walk to your choice of casual or the finest of dining, boutique shops and personal services. Take part in charming seasonal events in-town or in just moments

Last Agent to Sell the Property

Ali Rad

Compass License #01348487 Listed on: 12/01/2020

Compass

Last Buyer's Agent

Alex Chen

AEZ Investment, Inc. License #02026091

Property Details

Home Type

  • Condominium

Year Built

  • 2016

Lot Details

  • 697

HOA Fees

  • $420 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Enclosed Parking
  • Electric Vehicle Home Charger
  • Lighted Parking
  • Garage Door Opener
  • Electric Gate
  • Secured Garage or Parking
  • Assigned Parking

Home Design

  • Composition Roof

Interior Spaces

  • 1,162 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Circular Fireplace
  • Dining Area
  • Storage Room

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Range Hood
  • Warming Drawer
  • Microwave
  • Freezer
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Dual Flush Toilets
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Community Details

Overview

  • Association fees include common area electricity, exterior painting, garbage, insurance - common area, insurance - liability, landscaping / gardening, maintenance - common area, management fee, reserves, roof, water
  • 25 Units
  • The 86 Third St Owners Association

Amenities

  • Elevator
  • Community Storage Space

Pet Policy

  • Limit on the number of pets

Security

  • Controlled Access
  • Building Fire Escape
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

2016

Lot Details

697 Sq Ft Lot

HOA Fees

$420 per month

Parking

1

Listing Details

  • Zoning: CD
  • Subclass: Condominium
  • Restrictions: Pets - Allowed, Pets - Number Restrictions
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 25
  • Structure Sq Ft: 1162
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2016

Interior Features

  • Family Room: No Family Room
  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: Countertop - Quartz, Countertop - Stone, Dishwasher, Freezer, Garbage Disposal, Hood Over Range, Hookups - Gas, Microwave, Oven Range - Gas, Pantry, Refrigerator, Warming Drawer
  • Living Sq Ft: 1162
  • Stories: 1
  • Security: Closed Circuit Monitoring (24-Hour), Controlled / Secured Access, Fire Alarm, Fire Escape, Fire System - Sprinkler, Secured Garage / Parking, Security Building
  • Bedrooms: Primary Suite / Retreat, More Than One Bedroom On Ground Floor, Walk-In Closet
  • Laundry: Electricity Hookup (110V), Gas Hookup, Inside, Washer / Dryer
  • Flooring: Carpet, Tile, Wood
  • Additional Rooms: Storage
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Dual Flush Toilet, Primary - Stall Shower(s), Shower Over Tub - 1, Tile

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Assigned Spaces, Common Parking Area, Covered Parking, Electric Car Hookup, Electric Gate, Enclosed, Gate / Door Opener, Lighted Parking Area, Parking Area

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • Complex Name: Villas on Third
  • HOA Fees: 420
  • HOA Amenities: Additional Storage, Elevator
  • HOA Documents: Budget, Bylaws, Cc&rs, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Exterior Painting, Garbage, Insurance - Common Area, Insurance - Liability, Landscaping / Gardening, Maintenance - Common Area, Management Fee, Reserves, Roof, Water
  • HOA Exist: Yes
  • H O A Name Text: The 86 Third St Owners Association

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling, Walk-In Closet

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2020
Closed on
Jan 21, 2021
Sold by
Arshi Arash A
Bought by
Huang Yue
Seller's Agent
Ali Rad
Compass
Buyer's Agent
Alex Chen
AEZ Investment, Inc.
List Price
$1,888,000
Sold Price
$1,860,000
Premium/Discount to List
-$28,000
-1.48%
Current Estimated Value
$2,042,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,105
Avg. Annual Appreciation
1.83%

Purchase Details

Closed on
Oct 16, 2017
Sold by
Arshi Bahram M and Seddeh Fattaneh Arshi
Bought by
Arshi Arash A

Purchase Details

Closed on
May 19, 2016
Sold by
86 Third Street Llc
Bought by
Arshi Arash A and Arshi Bahram M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.57%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Huang Yue $1,860,000 Chicago Title Company
Arshi Arash A -- None Available
Arshi Arash A $1,335,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arshi Arash A $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $1,860,000 -1.5% $1,601 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
12/01/2020 12/01/20 For Sale $1,888,000 -- $1,625 / 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 $24,056 $2,013,322 $1,006,661 $1,006,661
2024 $24,056 $1,973,846 $986,923 $986,923
2023 $23,634 $1,935,144 $967,572 $967,572
2022 $23,380 $1,897,200 $948,600 $948,600
2021 $18,679 $1,460,016 $730,008 $730,008
2020 $18,560 $1,445,046 $722,523 $722,523
2019 $17,692 $1,416,712 $708,356 $708,356
2018 $17,493 $1,388,934 $694,467 $694,467
2017 $17,306 $1,361,700 $680,850 $680,850
2016 $6,062 $422,205 $139,519 $282,686
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81820673

MLSListings

APN: 167-64-023

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