878 Riverside Dr Los Altos, CA 94024
Estimated Value: $3,998,000 - $7,297,000
4
Beds
4.5
Baths
3,920
Sq Ft
$1,598/Sq Ft
Est. Value
Highlights
- Wine Cellar
- Solar Power System
- Traditional Architecture
- Springer Elementary School Rated A+
- Recreation Room
- Main Floor Primary Bedroom
About This Home
As of March 2023Price Reduction! custom Los Altos home, built in 2003. Tall ceilings, lg windows, & skylights, provide natural light. Thru majestic entry & French doors, is a fam room with expansive windows & built-in bookshelves. Down the hall, is access to bedrooms & en-suite baths. Primary bedroom has French doors, lg, walk-in closet & beautiful bath. Dn the hall, is an open concept living space w/ kitchen & dining. Fireplace, w/ floor-to-ceiling stone facing, anchors one end of room & well-lit kitchen anchors other end, counter tops r granite, high-end appliances r stainless steel. Lovely fenced backyard; borders Half Creek. Majestic trees provide shade & canopy. Natural plantings & multi-zone irrigation system. Lower level is designed as a separate living area with a lg bedroom & bath, as well as a family room. Wine storage room holds up to 1,000 bottles. Washer/dryer are in utility room. Close to 280, 101, Stanford Med. Top-rated public schools & ++ choices for shopping, restaurants & groceries.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $60,475
Year Built
- Built in 2003
Lot Details
- 0.32 Acre Lot
- Back Yard Fenced
- Sprinkler System
- Drought Tolerant Landscaping
- Zoning described as R110
Parking
- 2 Car Garage
- Electric Vehicle Home Charger
Home Design
- Traditional Architecture
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,920 Sq Ft Home
- 2-Story Property
- Central Vacuum
- Entertainment System
- High Ceiling
- Skylights
- Wood Burning Fireplace
- Formal Entry
- Wine Cellar
- Family Room with Fireplace
- Dining Area
- Den
- Recreation Room
- Carpet
- Neighborhood Views
- Alarm System
- Finished Basement
Kitchen
- Open to Family Room
- Eat-In Kitchen
- Built-In Oven
- Gas Cooktop
- Range Hood
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- Dual Sinks
Laundry
- Laundry Room
- Washer and Dryer
Eco-Friendly Details
- Solar Power System
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 189-42-018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 2, 2023
Closed on
Feb 27, 2023
Sold by
Reid Family Trust
Bought by
Geng Xu and Liu Yi
Seller's Agent
Ginna Lazar
Lazar Homes
Buyer's Agent
Edward Wang
Goodview Financial & Real Estate
List Price
$5,488,000
Sold Price
$5,050,000
Premium/Discount to List
-$438,000
-7.98%
Total Days on Market
22
Views
87
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
$1,214,339
Avg. Annual Appreciation
10.15%
Purchase Details
Closed on
Apr 21, 2016
Sold by
Reid Elizabeth H and Reid John Paul
Bought by
The Reid Family Trust and Reid Elizabeth H
Purchase Details
Listed on
Mar 10, 2014
Closed on
Apr 11, 2014
Sold by
Welingkar Uma R and Welingkar Bharat
Bought by
Reid Elizabeth H and Reid John Paul
Seller's Agent
R. Brendan Leary
Christie's International Real Estate Sereno
Buyer's Agent
Karen Yang
Keller Williams Thrive
List Price
$3,495,000
Sold Price
$3,325,000
Premium/Discount to List
-$170,000
-4.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$440,000
Interest Rate
4.25%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 10, 2014
Closed on
Apr 1, 2014
Sold by
Welingkar Uma R and Welingkar Bharat
Bought by
Welingkar Uma R and Welingkar Bharat
Seller's Agent
R. Brendan Leary
Christie's International Real Estate Sereno
Buyer's Agent
Karen Yang
Keller Williams Thrive
List Price
$3,495,000
Sold Price
$3,325,000
Premium/Discount to List
-$170,000
-4.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
4.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 16, 2011
Sold by
Welingkar Bharat and Welingkar Uma R
Bought by
Welingkar Uma R and Welingkar Bharat
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,000
Interest Rate
4.06%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 4, 2009
Sold by
Welingkar Bharat and Welingkar Uma
Bought by
Welingkar Uma R and Welingkar Bharat
Purchase Details
Closed on
Mar 2, 2005
Sold by
Welingkar Bharat and Welingkar Uma
Bought by
Welingkar Bharat and Welingkar Uma R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 18, 2000
Sold by
Oconnor Charlotte R Trustee
Bought by
Welingkar Bharat and Welingkar Uma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
8.08%
Purchase Details
Closed on
Oct 8, 1998
Sold by
Successor Oconnor Charlotte R and Successor Simon E
Bought by
Oconnor Charlotee R and Ramey Simon E
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
Similar Homes in Los Altos, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Geng Xu | $5,050,000 | Old Republic Title | |
| The Reid Family Trust | -- | None Available | |
| Reid Elizabeth H | $3,325,000 | Old Republic Title Company | |
| Welingkar Uma R | -- | Chicago Title Company | |
| Welingkar Uma R | -- | First American Title Company | |
| Welingkar Bharat | -- | First American Title Company | |
| Welingkar Uma R | -- | None Available | |
| Welingkar Bharat | -- | North American Title Company | |
| Welingkar Bharat | $1,227,000 | First American Title Guarant | |
| Oconnor Charlotee R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Welingkar Uma R | $440,000 | |
| Previous Owner | Welingkar Bharat | $377,000 | |
| Previous Owner | Welingkar Bharat | $417,000 | |
| Previous Owner | Welingkar Bharat | $590,000 | |
| Previous Owner | Welingkar Bharat | $600,000 | |
| Previous Owner | Welingkar Bharat | $250,000 | |
| Previous Owner | Welingkar Bharat | $250,000 | |
| Previous Owner | Welingkar Bharat | $347,500 | |
| Previous Owner | Welingkar Bharat | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/06/2023 03/06/23 | Sold | $5,050,000 | -3.8% | $1,288 / Sq Ft |
| 02/25/2023 02/25/23 | Pending | -- | -- | -- |
| 02/23/2023 02/23/23 | Price Changed | $5,250,000 | -4.3% | $1,339 / Sq Ft |
| 02/02/2023 02/02/23 | For Sale | $5,488,000 | +65.1% | $1,400 / Sq Ft |
| 04/23/2014 04/23/14 | Sold | $3,325,000 | -4.9% | $848 / Sq Ft |
| 03/26/2014 03/26/14 | Pending | -- | -- | -- |
| 03/10/2014 03/10/14 | For Sale | $3,495,000 | -- | $892 / 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 |
|---|---|---|---|---|
| 2024 | $60,475 | $5,151,000 | $4,284,000 | $867,000 |
| 2023 | $46,777 | $3,917,712 | $2,003,042 | $1,914,670 |
| 2022 | $46,601 | $3,840,895 | $1,963,767 | $1,877,128 |
| 2021 | $46,628 | $3,765,584 | $1,925,262 | $1,840,322 |
| 2020 | $47,012 | $3,726,973 | $1,905,521 | $1,821,452 |
| 2019 | $44,860 | $3,653,896 | $1,868,158 | $1,785,738 |
| 2018 | $44,056 | $3,582,252 | $1,831,528 | $1,750,724 |
| 2017 | $42,428 | $3,512,013 | $1,795,616 | $1,716,397 |
| 2016 | $41,415 | $3,443,151 | $1,760,408 | $1,682,743 |
| 2015 | $40,623 | $3,391,433 | $1,733,966 | $1,657,467 |
| 2014 | $36,534 | $2,998,830 | $1,379,180 | $1,619,650 |
Source: Public Records
Agents Affiliated with this Home
-
Ginna Lazar
Seller's Agent in 2023
Ginna Lazar
Lazar Homes
2 in this area
54 Total Sales
-
Edward Wang
Buyer's Agent in 2023
Edward Wang
Goodview Financial & Real Estate
(408) 641-4648
1 in this area
23 Total Sales
-
Seller's Agent in 2014
R. Brendan Leary
Sereno Group
-
Buyer's Agent in 2014
Karen Yang
Keller Williams Thrive
(408) 230-9980
6 Total Sales
Map
Source: MLSListings
MLS Number: ML81917777
APN: 189-42-018
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