$4,500,000
●
House -
Off Market
500 Patrick Way
Los Altos, CA 94022
5 Beds
2 Baths,
1
Half Bath
3,005 Ft²
$4,183,045
RealtyHop Estimate
-0.36%
Since Nov 1, 2021
CA-San Francisco
Primary Model
About This Property
This beautiful home is located in one of North Los Altos premier
neighborhoods on one of the most sought after streets. The
front yard welcomes you with mature landscaping and a courtyard
entrance. The Ranch style home offers 5 bedrooms plus a den,
large living room with views to the back yard, gracious dining
room, spacious eat in kitchen and separate family room with a
corner fireplace. The large 13,094 rectangular lot offers
park-like grounds with mature landscaping provides a true retreat
with large back patio perfect for entertaining and family get
togethers. Topping it off this excellent location is close
to top rated Los Altos schools & The Village of Los Altos. Note:
The home is owner occupied same owner 59 years, property not
staged, no interior photos.
Unit Size
3,005 Ft²
Days on Market
34 days
Land Size
0.30 acres
Price per sqft
$1,397
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 9 months ago (MLSListings Inc. #ML81863320)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 22, 2021 | Sold | ||
| Sold | |||
| Sep 18, 2021 | Listed by Intero Real Estate Services | $4,198,000 | |
| Listed by Intero Real Estate Services | |||
Property Highlights
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Los Altos
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Listed by: A. Elmengard, Intero Real Estate Services
Last Updated: 9 months ago
Data Source: CRMLS, MLS# ML81863320
Last Updated: 9 months ago
Data Source: CRMLS, MLS# ML81863320
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