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516 West Portola Avenue

516 West Portola Avenue, Los Altos, CA 94022
Property in North Los Altos
Sold Feb 25, 2000
$3,750,000
$1,100,000 by Citibank
Mortgage Due Mar 01, 2030
Local assessors in Los Altos, CA have categorized 516 West Portola Avenue as a residential type of property. The home was built in 1940 and is 84 years old. It was most recently renovated and altered in 1975. The property's lot size has been calculated to be 20,448 square feet. The linear feet between the front and back of the lot was measured at 2,130 ft and the front of the lot was measured at 960 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 516 West Portola Avenue has a total of 3,265 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 427 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a porch and a screened patio so you'll have great options in both the front and back of the home. In addition, there is a both a pool and a spa on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on no air conditioning for their cooling system. The home's no heating system is the primary heating source and it is being fueled with nothing. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 516 West Portola Avenue sold most recently in Feb 22, 2000 for a total of $3,750,000. If you work out the math, that's approximately a cost of $1,148.55 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $65,141 in taxes each year. 516 West Portola Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $5,592,780. If we break it down further, the land itself was valued at $4,062,593. Improvements to the property, however, were assessed at a total of $1,530,187. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 427
  • Parking Space Count: 2
  • Patio Type: Patio - screened
  • Porch Type: Porch
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 20,448
  • Lot Size Depth Feet: 2,130
  • Lot Size Frontage Feet: 960
  • Total Building Area: 3,265
  • Gross Building Area: 2,828
  • Building Area: 3,265
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 3,265
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WASSON
  • Land Acres: 0.469
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT 24 WASSON SUBD BOOK 1 PAGE 4 PAGE 5 BLOCK 1 LOT 10

Ownership

  • Current Owner : LAEHY TIMOTHY P
  • Current Owner 2: LAEHY LISA A
  • Previous Owner : RATTS FRANK E
  • Previous Owner 2: RATTS JOAN M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Altos Elementary School District
  • Census Tract: 510500

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 51-D1
  • Subdivision Tract Number: 24
  • Parcel: 167-20-043
  • Block: 1
  • Lot: 10
  • Municipality: LOS ALTOS
  • Latitude: 37.3966
  • Longitude: -122.126

    Address

  • Full Address: 516 W Portola Ave
  • Address - House Number: 516
  • Street Direction: W
  • Address - Street Name: Portola
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Altos
  • Carrier Code: C045
  • 4-Digit Zip Code: 1126
  • Zip Code: 94022

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $65,141
  • Tax Rate Code Area: 11-001

    Appraisal Valuation

  • Standard Deviation: 0.1963
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 73
  • Final Value: 4,273,985
  • High Value: 5,113,306
  • Low Value: 3,434,664

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,100,000
  • First Open Lien Mortgage Lender: CITIBANK
  • First Open Lien Mortgage Recording Date: Feb 25, 2000
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $1,100,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,592,780
  • Assessed Land Value: $4,062,593
  • Assessed Improvements Value: $1,530,187

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 22, 2000
  • Current Sale Recording Date: Feb 25, 2000
  • Current Sale Transaction ID: 1005607367
  • Current Sale Price: $3,750,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 15162187

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK
  • First Mortgage Transaction Date: Feb 25, 2000
  • First Mortgage Loan Amount: $1,100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Mar 01, 2030

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 516 West Portola Avenue located in?
The 516 West Portola Avenue is a located in the neighborhood of North Los Altos in North Los Altos, Los Altos.
What is the average sales price for listings in 516 West Portola Avenue?
The average sales price for units in 516 West Portola Avenue is $0 currently.

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