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575 University Avenue

575 University Avenue, Los Altos, CA 94022
Property in Old Los Altos
Sold Dec 06, 2005
$1,400,000
$2,000,000 by First Republic Bank
Mortgage Due Jul 01, 2049
Sold Mar 11, 1997
$641,000
$250,000 by Headlands Mtg Company
Mortgage Due Apr 01, 2027
575 University Avenue in Los Altos, CA was first built in 1947 and is 77 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. It is a single story home. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 575 University Avenue has 2,015 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,360. In total, the area measurement of the land is 6,800 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who need parking, there is a garage. The garage is 400 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 575 University Avenue sold most recently in Nov 30, 2005 for a total of $1,400,000. If you work out the math, that's approximately a cost of $694.79 per sqft. Before that, the property was also sold for $641,000 in Feb 28, 1997. 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 $22,539 in taxes each year. 575 University Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,851,536. If we break it down further, the land itself was valued at $1,576,217. Improvements to the property, however, were assessed at a total of $275,319. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,800
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,015
  • Gross Building Area: 1,442
  • Building Area: 2,015
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,015
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOS ALTOS MAP 2
  • Land Acres: 0.156
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BLOCK 18 LOT 15

Ownership

  • Current Owner : CHAN ALBERT
  • Current Owner 2: CHAN CAM
  • Previous Owner : WHALEN KEVIN P
  • Previous Owner 2: WHALEN MARY LOU M
  • Owner Before Previous Owner: FREDRICKSON SUSAN M
  • Owner Before Previous Owner 2: FREDRICKSON SCOTT W
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Altos Elementary School District
  • Census Tract: 510300

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 51-D4
  • Parcel: 175-15-015
  • Block: 18
  • Lot: 15
  • Municipality: LOS ALTOS
  • Latitude: 37.3727
  • Longitude: -122.117

    Address

  • Full Address: 575 University Ave
  • Address - House Number: 575
  • Address - Street Name: University
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Altos
  • Carrier Code: C069
  • 4-Digit Zip Code: 3545
  • Zip Code: 94022

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,539
  • Tax Rate Code Area: 11-001

    Appraisal Valuation

  • Standard Deviation: 0.201
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 73
  • Final Value: 4,045,805
  • High Value: 4,859,306
  • Low Value: 3,232,304

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,500,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jun 21, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2049
  • Second Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • Second Open Lien Mortgage Recording Date: Aug 25, 2014
  • Second Open Lien Mortgage Loan Amount: $500,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Second Open Lien Mortgage Loan Due Date: Aug 19, 2044

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,851,536
  • Assessed Land Value: $1,576,217
  • Assessed Improvements Value: $275,319

    Sales

  • Current Sale Contract Date: Nov 30, 2005
  • Current Sale Recording Date: Dec 06, 2005
  • Current Sale Transaction ID: 1080257341
  • Current Sale Price: $1,400,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 18705449
  • Previous Sale Recording Date: Mar 11, 1997
  • Previous Sale Contract Date: Feb 28, 1997
  • Previous Sale Amount: $641,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Dec 06, 2005
  • First Mortgage Loan Amount: $999,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Dec 01, 2035
  • Second Mortgage Lender: WELLS FARGO BANK NA
  • Second Mortgage Transaction Date: Dec 06, 2005
  • Second Mortgage Loan Amount: $101,000
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: Credit Line (Revolving)
  • Second Mortgage Loan Due Date: Nov 23, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: HEADLANDS MTG COMPANY
  • Previous Mortgage Transaction Date: Mar 11, 1997
  • Previous Mortgage Loan Amount: $250,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Apr 01, 2027

About Old Los Altos



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 575 University Avenue located in?
The 575 University Avenue is a located in the neighborhood of Old Los Altos in Old Los Altos, Los Altos.
What is the average sales price for listings in 575 University Avenue?
The average sales price for units in 575 University Avenue is $0 currently.

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