NOT LISTED FOR SALE

Portola Valley, CA 94028

Estimated Value: $1,701,000 - $2,473,000

2 Beds
3 Baths
1,420 Sq Ft
$1,551/Sq Ft Est. Value

Last Sold December 17, 2015

Last sale price $1,250,000 $880 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $13,630/month

14 Days on Market

Highlights

  • 2 Car Detached Garage
  • Corte Madera School Rated A+
  • Forced Air Heating System

About This Home

As of December 2015

Portola Valley 2 bedroom / 2 bath main home - Fantastic owners unit . . Great Views . Studio is a detached building. Very spacious and easy to rent. Studio is currently rented. As an investment - excellent rental potential. Fantastic views from main home. Studio is under market rentsme with Studio Apartment.

Last Agent to Sell the Property

Peter Cowperthwaite

Cowperthwaite & Company License #01012887 Listed on: 11/02/2015

Last Buyer's Agent

Joseph Bentley

Compass License #01082626

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,634

Year Built

  • 1977

Lot Details

  • 0.65

Parking

  • 2 Car Detached Garage

Home Design

  • 1,420 Sq Ft Home
  • Duplex
  • Stone Roof

Horse Facilities and Amenities

  • Horses Potentially Allowed on Property

Utilities

  • Forced Air Heating System
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $62,500

Community Details

Overview

  • 1,420 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,200
  • Insurance Expense $1,000
  • Operating Expense $14,200
  • Gross Income $62,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,634

Year Built

1977

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10000
  • Subclass: Duplex
  • Age: 38
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1420
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Living Sq Ft: 1420

Exterior Features

  • Roof: Rock
  • Horse Property: Possible

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 1
  • Garage Parking Features: Detached Garage

Utilities

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

Schools

  • School District: Sequoia Union High
  • Elementary School: Ormondale Elementary
  • Middle School: Corte Madera Elementary
  • Elementary School: 664
  • Middle School: 623

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 28369.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 28369.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.78
  • Number Of Leased: 1

Multi Family

  • Utilities: Natural Gas, Public Utilities
  • Expense Insurance: 1000
  • Expense Landscape: 1200
  • Expenses Total: 14200
  • Income Annual Gross: 62500.00
  • Income Annual Rental: 62500
  • Income Gross Scheduled: 62500
  • Income Includes: Rents
  • Meters: Master Gas, Master Water
  • Number Of Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2017
Sold by
Diller Steven
Bought by
Matteucci Mark D and Finnigan Joan S
Current Estimated Value
$2,202,867

Purchase Details

Listed on
Nov 2, 2015
Closed on
Dec 8, 2015
Sold by
Read Jeremy and Read Gillian
Bought by
Diller Steven
Seller's Agent
Peter Cowperthwaite
Cowperthwaite & Company
Buyer's Agent
Joseph Bentley
Compass
List Price
$1,299,000
Sold Price
$1,250,000
Premium/Discount to List
-$49,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.93%
Original Mortgage
$80,000
Interest Rate
3.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 14, 2013
Sold by
Read Jeremy and Read Gillian
Bought by
Read Jeremy and Read Gillian

Purchase Details

Closed on
Sep 26, 2000
Sold by
Fiering Leslie
Bought by
Read Jeremy and Read Gilliam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.98%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Matteucci Mark D $1,615,000 Lawyers Title Company
Diller Steven $1,250,000 Lawyers Title Company Of Ca
Read Jeremy -- None Available
Read Jeremy $1,000,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Diller Steven $80,000
Previous Owner Diller Steven $982,500
Previous Owner Read Jeremy John B $350,000
Previous Owner Read Jeremy $400,000
Previous Owner Fiering Leslie $460,000
Previous Owner Fiering Leslie $227,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2015 12/17/15 Sold $1,250,000 0.0% $880 / Sq Ft
12/17/2015 12/17/15 Sold $1,250,000 -3.8% $880 / Sq Ft
11/17/2015 11/17/15 Pending -- -- --
11/17/2015 11/17/15 Pending -- -- --
11/02/2015 11/02/15 For Sale $1,299,000 0.0% $915 / Sq Ft
09/30/2015 09/30/15 For Sale $1,299,000 -- $915 / 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 $20,634 $1,874,339 $824,013 $1,050,326
2023 $20,634 $1,801,558 $792,016 $1,009,542
2022 $19,783 $1,766,235 $776,487 $989,748
2021 $19,528 $1,731,604 $761,262 $970,342
2020 $19,520 $1,713,850 $753,457 $960,393
2019 $19,316 $1,680,246 $738,684 $941,562
2018 $18,379 $1,647,300 $724,200 $923,100
2017 $14,472 $1,275,000 $948,600 $326,400
2016 $14,218 $1,250,000 $930,000 $320,000
2015 $14,372 $1,253,768 $626,884 $626,884
2014 $14,032 $1,229,210 $614,605 $614,605
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2015

    Peter Cowperthwaite

    Cowperthwaite & Company

    (650) 207-4101

    10 in this area

    14 Total Sales

    Peter Cowperthwaite
    Section Image

  • J

    Buyer's Agent in 2015

    Joseph Bentley

    Compass

    Section Image
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Source: MLSListings

MLS Number: ML81521183

MLSListings

APN: 080-060-550

California San Mateo County Portola Valley

94028

This home since 02 November 2015 and is currently estimated at $2,202,867, approximately $1,551 per square foot. This property was built in 1977. This home is a home located in San Mateo County with nearby schools including Corte Madera School, Ormondale Elementary School, and Woodside High School.

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