878 Riverside Dr Los Altos, CA 94024
4
Beds
4.5
Baths
3,920
Sq Ft
0.32
Acres
Highlights
- Wine Cellar
- Primary Bedroom Suite
- Living Room with Fireplace
- Springer Elementary School Rated A+
- Deck
- Traditional Architecture
About This Home
As of March 2023Magnificent custom built home in family friendly neighborhood. Grand entrance, soaring ceilings, and lots of natural light throughout this 4 bed, 4 1/2 bath home. Open concept living space with entertainer's kitchen. Large basement includes built-in wine room, which holds over 1000 bottles. The beautifully landscaped backyard has a creek side setting. Solar is leased and buyer to assume the lease.
Last Agent to Sell the Property
R. Brendan Leary
Christie's International Real Estate Sereno License #00640599
Last Buyer's Agent
Karen Yang
Keller Williams Thrive License #01818062
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $60,475
Year Built
- Built in 2003
Lot Details
- Fenced
- Level Lot
- Zoning described as R110
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Traditional Architecture
- Tile Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,920 Sq Ft Home
- 1-Story Property
- High Ceiling
- Skylights
- Wood Burning Fireplace
- Fireplace With Gas Starter
- Wine Cellar
- Separate Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Library
- Crawl Space
Kitchen
- Breakfast Bar
- Built-In Oven
- Microwave
- ENERGY STAR Qualified Appliances
- Disposal
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Suite
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
Utilities
- Forced Air Zoned Heating and Cooling System
- Tankless Water Heater
- Sewer Within 50 Feet
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
16
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
Map
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Similar Homes in Los Altos, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $5,050,000 | Old Republic Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $3,325,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Grant Deed | $1,227,000 | First American Title Guarant | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $440,000 | New Conventional | |
| Previous Owner | $377,000 | New Conventional | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $590,000 | Purchase Money Mortgage | |
| Previous Owner | $600,000 | Unknown | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $347,500 | Unknown | |
| Previous Owner | $350,000 | No Value Available |
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
| 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
Source: MLSListings
MLS Number: ML81407438
APN: 189-42-018
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