NOT LISTED FOR SALE

990 La Mesa Dr Portola Valley, CA 94028

Estimated Value: $5,024,000 - $6,345,000

4 Beds
3.5 Baths
3,985 Sq Ft
$1,425/Sq Ft Est. Value

Last Sold September 28, 2017

Last sale price $4,400,000 $1,104 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $35,689/month

9 Days on Market

Highlights

  • In Ground Pool
  • Bay View
  • Formal Dining Room
  • Las Lomitas Elementary School Rated A+
  • Family Room with Fireplace
  • Forced Air Heating System

About This Home

As of September 2017

This unique, 3,985 sq. ft., 4 bedroom, 3.5 bath home provides dramatic, panoramic valley and bay views. Entering through a courtyard reminiscent of a Japanese Tea Garden featuring majestic Blue Oak and Cedar trees, you find a free form in-ground pool with fountain, koi pond with footbridge, and 1 bedroom, 1 bath guesthouse. The main house is clad in cedar paneling inside and out and features hardwood floors and floor-to-ceiling windows with sliding doors throughout the public rooms. The rear of the home features a patio and wrap-around deck overlooking the stunning views. The property belongs to the award-winning Las Lomitas School District and is in close proximity to Ladera Shopping Center and Highway 280.

Last Agent to Sell the Property

Hugh Cornish

Coldwell Banker Realty License #00912143 Listed on: 08/28/2017

Coldwell Banker Realty

Last Buyer's Agent

Zachary Trailer

Compass License #01371338

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,123

Year Built

  • Built in 1966

Lot Details

  • 0.77 Acre Lot
  • Zoning described as R10010

Parking

  • 3 Car Garage

Property Views

  • Bay
  • City Lights
  • Hills
  • Valley

Home Design

  • Wood Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,985 Sq Ft Home
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Washer and Dryer

Kitchen

  • Built-In Oven
  • Gas Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms

Additional Features

  • In Ground Pool
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 077-353-380

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,123

Year Built

Built in 1966

Lot Details

0

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Age: 51
  • Listing Class: Residential
  • Structure Sq Ft: 3985
  • Year Built: 1966
  • Zoning Description: R10010
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Living Room
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Gas, Oven - Built-In, Oven - Gas
  • Living Sq Ft: 3985
  • Laundry: Washer / Dryer
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - In Ground
  • Roof: Wood Shakes / Shingles
  • View: Bay, City Lights, Hills, Valley
  • Pool: Yes

Garage/Parking

  • Garage Spaces: 3
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Parcel Number: 077-353-380
  • Lot Acres: 0.7700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 33541.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 33541.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Sequoia Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2017
Closed on
Sep 21, 2017
Sold by
Willard Robin Ann Ciochetti and Ciochetti Thomas Edward
Bought by
Gallet Bernard and Gallet Geraldine
Seller's Agent
Hugh Cornish
Coldwell Banker Realty
Buyer's Agent
Zachary Trailer
Compass
List Price
$3,995,000
Sold Price
$4,400,000
Premium/Discount to List
$405,000
10.14%
Current Estimated Value
$5,679,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,279,203
Avg. Annual Appreciation
3.02%
Original Mortgage
$2,400,000
Interest Rate
2.85%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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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
Gallet Bernard $4,400,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallet Bernard $2,260,000
Closed Gallet Bernard $2,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2017 09/28/17 Sold $4,400,000 +10.1% $1,104 / Sq Ft
09/07/2017 09/07/17 Pending -- -- --
08/28/2017 08/28/17 For Sale $3,995,000 -- $1,003 / 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 $55,123 $4,949,223 $3,868,618 $1,080,605
2023 $55,123 $4,812,041 $3,718,396 $1,093,645
2022 $53,346 $4,717,688 $3,645,487 $1,072,201
2021 $52,509 $4,625,185 $3,574,007 $1,051,178
2020 $51,342 $4,577,760 $3,537,360 $1,040,400
2019 $52,944 $4,488,000 $3,468,000 $1,020,000
2018 $50,389 $4,400,000 $3,400,000 $1,000,000
2017 $8,070 $613,199 $71,648 $541,551
2016 $7,974 $601,177 $70,244 $530,933
2015 $7,794 $592,147 $69,189 $522,958
2014 $7,672 $580,548 $67,834 $512,714
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81675719

MLSListings

APN: 077-353-380