216 Mountain View Avenue, Mountain View, California 94041, Mountain View, 94041 - 5 bed, 5 bath
ACTIVE$2,598,000$2,450/sqft
Est. Value: $2,486,218
-4%
AboveEstimate
216 Mountain View Avenue, Mountain View, California 94041
5Beds
5Baths
2,450Sqft
7,067Lot
Price Vs. Estimate
The estimated value ($2,486,217.515) is $111,782.485 (4%) lower than the list price ($2,598,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Income Potential: Rare opportunity to own a single-family home with an income-producing triplex on the same property, offering significant rental revenue streams for an owner-occupant or investor.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7067, other record lot size in square feet = 7000. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2450, other record living area = 900.
Compared to the nearby listings
Price:$2.60M vs avg $2.35M (+$248,000)67%
Size:2,450 sqft vs avg 1,492 sqft78%
Price/sqft:$1.1K vs avg $1.7K11%
More Insights
Built in 1957 (69 years old).
Condition: The main residence is explicitly described as 'fully renovated' with recent upgrades including HVAC, plumbing, and fresh paint, and images confirm modern finishes in the kitchen and bathrooms, aligning with an 'Excellent' condition. The triplex units, while built in 1957, also show significant updates in the images, including new flooring, fresh paint, updated kitchen cabinets, modern appliances (stainless dishwasher, microwave), updated bathroom vanities and tile, and mini-split AC units. These updates make the triplex units move-in ready and well-maintained, fitting the 'Good' criteria. However, some elements in the triplex (e.g., the white range, a slightly dated bathroom light fixture) prevent the entire property from being classified as 'Excellent' where all components are 'virtually new'. Given the combination of an excellent main residence and well-updated triplex units, the overall property condition is 'Good'.
Year Built
1957
Close
-
List price
$2.6M
Original List price
$2.6M
Price/Sqft
$1,060
HOA
-
Days on market
-
Sold On
-
MLS number
ML82030827
Home ConditionGood
Features
Good View:
Deck
Patio
View-
About this home
Rare opportunity to own a single-family home with an income-producing triplex on one property! The fully renovated main residence offers approximately 900 sq ft of living space with 2 bedrooms, 2 bathrooms, plus a cozy den or home office. Recent upgrades include an updated HVAC system and ducting, updated plumbing, and fresh interior and exterior paint. Behind the backyard fence sits a separate triplex featuring three approximately 550 sq ft, 1-bedroom/1-bath units. The triplex has its own laundry room, private entrance, and separate parking accessed from the rear streetideal for tenant privacy. Prime location just blocks from downtown Mountain View and vibrant Castro Street, with abundant dining and shopping, and only a short distance to Google and other major Silicon Valley employers. This is an exceptional opportunity for an owner-occupant to live in the main home while generating strong rental income from the triplex. Open House 1/17 and 1/18 from 1:30-4:30pm
T
Tramy Vo
Listing Agent
Nearby schools
7/10
Gabriela Mistral Elementary
Public,•K-5•0.5mi
5/10
Mariano Castro Elementary School
Public,•K-5•0.6mi
7/10
Benjamin Bubb Elementary School
Public,•K-5•1.2mi
6/10
Isaac Newton Graham Middle School
Public,•6-8•1.0mi
8/10
Los Altos High School
Public,•9-12•1.5mi
Price History
Date
Event
Price
06/17/22
Sold
$2,475,000
10/19/21
Sold
$2,300,000
12/20/19
Sold
$2,200,000
06/27/05
Sold
$650,000
Condition Rating
Good
The main residence is explicitly described as 'fully renovated' with recent upgrades including HVAC, plumbing, and fresh paint, and images confirm modern finishes in the kitchen and bathrooms, aligning with an 'Excellent' condition. The triplex units, while built in 1957, also show significant updates in the images, including new flooring, fresh paint, updated kitchen cabinets, modern appliances (stainless dishwasher, microwave), updated bathroom vanities and tile, and mini-split AC units. These updates make the triplex units move-in ready and well-maintained, fitting the 'Good' criteria. However, some elements in the triplex (e.g., the white range, a slightly dated bathroom light fixture) prevent the entire property from being classified as 'Excellent' where all components are 'virtually new'. Given the combination of an excellent main residence and well-updated triplex units, the overall property condition is 'Good'.
Pros & Cons
Pros
Exceptional Income Potential: Rare opportunity to own a single-family home with an income-producing triplex on the same property, offering significant rental revenue streams for an owner-occupant or investor.
Premier Mountain View Location: Prime location just blocks from downtown Mountain View, vibrant Castro Street, and a short distance to major Silicon Valley employers like Google, ensuring high demand and appreciation potential.
Turnkey Main Residence: The main residence is fully renovated with recent upgrades including an updated HVAC system, plumbing, and fresh interior/exterior paint, providing a modern and move-in ready living space.
Enhanced Triplex Functionality & Privacy: The triplex units benefit from their own laundry room, private entrance, and separate parking accessed from a rear street, optimizing tenant privacy and convenience.
Highly-Rated School Access: The property is located within a district offering access to well-regarded schools, including Los Altos High School (rated 8), which is a significant draw for families.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7067, other record lot size in square feet = 7000. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2450, other record living area = 900.
Significant Investment Cost: The list price of $2.598 million represents a substantial financial commitment, potentially narrowing the pool of prospective buyers despite the income-generating aspect.
Age of Triplex Structures: While the main residence is renovated, the triplex units, built in 1957, may present ongoing maintenance considerations or require future capital expenditures not explicitly detailed as upgraded.
Compact Triplex Unit Sizes: The triplex units are relatively small at approximately 550 sq ft each, which might appeal to a specific tenant demographic but could limit rental income growth compared to larger units.