NOT LISTED FOR SALE

Estimated Value: $4,126,000 - $7,155,000

3 Beds
4.5 Baths
3,803 Sq Ft
$1,370/Sq Ft Est. Value

Last Sold June 25, 2012

Last sale price $2,465,000 $648 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $30,127/month

48 Days on Market

Highlights

  • Home Theater
  • Midcentury Modern Architecture
  • Beamed Ceilings
  • 0.7 Acre Lot
  • Private Yard
  • Double Door Entry

About This Home

As of June 2012

On the market for the first time in its nearly fifty year history, South San Rafael's gem, The Cornet Residence and its mid century modern design is even more desirable today than when first built in 1963 by architects Smith and Williams. Nestled amid nearly an acre of lush lawns, this zen-like masterpiece its sleek lines and walls of glass joins interior spaces with tranquil gardens. Entry welcomes you to an expansive slated-floor entrance and galleria adjoining a sun-filled courtyard. Steeped in the lifestyle of all things luxury, the home moves organically through large, bright kitchen leading to formal dining room with signature shoji screen doors. The living room with stone fireplace sets the mood with recessed lighting set within paneled walls. Tucked behind the living room a lush library boasts wet bar and private lanai. Of course, the separate billiard room features a wet bar as well, with view of the vast garden just beyond. Removed from the more public spaces, the secluded

Last Agent to Sell the Property

Christina Arrobio

The Agency License #01380920 Listed on: 05/08/2012

The Agency

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1962

Lot Details

  • 0.7 Acre Lot
  • West Facing Home
  • Landscaped
  • Sprinklers on Timer
  • Private Yard
  • Lawn

Parking

  • 2 Car Garage
  • Detached Carport Space
  • Parking Available
  • Parking Lot

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Composition Roof
  • Flagstone
  • Stucco

Interior Spaces

  • 3,803 Sq Ft Home
  • Wet Bar
  • Beamed Ceilings
  • Double Door Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Theater
  • Utility Room
  • Carpet
  • Intercom

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Warming Drawer
  • Microwave
  • Freezer
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Dressing Area

Accessible Home Design

  • Customized Wheelchair Accessible

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 5714029010

Home Details

Home Type

Single Family

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5714029010
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3803.00
  • Interior Amenities: Beamed Ceilings, Intercom, Wet Bar
  • Flooring: Carpet
  • Accessibility Features: Customized Wheelchair Accessible
  • Appliances: Yes
  • Full Bathrooms: 4
  • One Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Double Door Entry
  • Eating Area: Breakfast Counter / Bar, In Kitchen
  • Fireplace Features: Family Room, Living Room
  • Levels: One
  • Price Per Square Foot: 648.17
  • Room Type: Dressing Area, Living Room, Master Bedroom, Media Room, Separate Family Room, Utility Room, Walk-In Closet

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Flagstone, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport, Parking Space
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Appliances: Dishwasher, Freezer, Gas Cooktop, Microwave, Refrigerator, Trash Compactor, Warming Drawer
  • Heating Type: Forced Air, Natural Gas
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Sprinkler System, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 30600.00
  • Lot Size Acres: 0.7000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 30600.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2015
Sold by
Freeland Stephen Jason
Bought by
Freeland Stephen Jason and Levy Jennifer Madeline
Current Estimated Value
$5,209,843

Purchase Details

Listed on
May 8, 2012
Closed on
Jun 1, 2012
Sold by
Levy Jennifer
Bought by
Freeland Stephen Jason
Seller's Agent
Christina Arrobio
The Agency
List Price
$2,465,000
Sold Price
$2,465,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.68%
Original Mortgage
$625,500
Outstanding Balance
$430,726
Interest Rate
3.77%
Mortgage Type
New Conventional
Estimated Equity
$4,779,117

Purchase Details

Listed on
May 8, 2012
Closed on
May 23, 2012
Sold by
Cornet Joseph R
Bought by
Freeland Stephen Jason
Seller's Agent
Christina Arrobio
The Agency
List Price
$2,465,000
Sold Price
$2,465,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Outstanding Balance
$430,726
Interest Rate
3.77%
Mortgage Type
New Conventional
Estimated Equity
$4,779,117

Purchase Details

Closed on
May 18, 2011
Sold by
Cornet Joseph R
Bought by
Cornet Joseph R and Cornet Holly B

Purchase Details

Closed on
Jun 4, 2007
Sold by
Cornet Nancy Druce
Bought by
Cornet Nancy Druce and Cornet Family Trust

Purchase Details

Closed on
May 19, 1997
Sold by
Cornet Joe
Bought by
Cornet Joe and Cornet Nancy Druce
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Freeland Stephen Jason -- None Available
Freeland Levy Trust -- None Available
Freeland Stephen Jason -- Lawyers Title
Freeland Stephen Jason $2,465,000 Lawyers Title
Cornet Joseph R -- None Available
Cornet Joseph R -- None Available
Cornet Joseph R -- None Available
Cornet Nancy Druce -- Accommodation
Cornet Joe -- --
Cornet Joe -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeland Stephen Jason $625,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2012 06/25/12 Sold $2,465,000 0.0% $648 / Sq Ft
06/25/2012 06/25/12 Pending -- -- --
05/08/2012 05/08/12 For Sale $2,465,000 -- $648 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $34,938 $3,150,251 $1,936,457 $1,213,794
2024 $34,938 $3,088,483 $1,898,488 $1,189,995
2023 $34,644 $3,027,925 $1,861,263 $1,166,662
2022 $33,432 $2,968,555 $1,824,768 $1,143,787
2021 $32,059 $2,910,349 $1,788,989 $1,121,360
2019 $30,845 $2,824,028 $1,735,928 $1,088,100
2018 $31,312 $2,768,656 $1,701,891 $1,066,765
2016 $30,375 $2,661,148 $1,635,805 $1,025,343
2015 $30,060 $2,621,176 $1,611,234 $1,009,942
2014 $28,969 $2,525,714 $1,579,673 $946,041
Source: Public Records

Agents Affiliated with this Home

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Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-22163463

Pasadena-Foothills Association of REALTORS®

APN: 5714-029-010