Stunning Portola Valley Home For Sale

Stunning 5 bedroom, 4.5 bath Craftsman style view home designed in 2004 by Roger Kohler with an emphasis on light and open design.

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Offering 3981 sq ft +/- of thoughtfully planned living space with expansive views of the majestic oak trees and the surrounding hills.  Beautifully sited on 1.2 acres of oaks, fruit trees, lush gardens and lawns, the easy flow of indoor outdoor living expands from the home to the tiered Brazilian hardwood decks to an inviting flagstone patio with hot tub.  Designed with great attention to detail and meticulously maintained, this exquisite home in ideally located within walking distance of Alpine Hills Tennis and Swim Club, 10 minutes from Stanford University and close to highly rated Portola Valley schools.

About Portola Valley

What makes Portola Valley Special…

Beautiful hills and valleys provide a bucolic backdrop for Portola Valley, a welcoming community located just west of hwy 280 and Stanford University.   Miles of scenic equestrian and hiking trails, quiet country roads and verdant valleys and oak studded hills take you out of the bustle of Silicon Valley the moment you start traveling down Alpine Road.    Committed to preserving miles of open space, Portola Valley takes pride in its peaceful setting letting the scenery rather than homes dominate the landscape.

There are several residential areas within Portola Valley offering a wide range of home prices and lot sizes so there is something for everyone.  Popular with cyclists riding the “Stanford Loop” and with hikers taking in the views of Windy Hill, there are multiple opportunities to enjoy the outdoors on foot or on horseback.    The new ‘green’ Town Center features a wonderful library, park and sport fields, tennis courts, meeting rooms and is a sense of pride for the community.   There are two highly rated public schools, Ormondale Elementary for grades K-3  and Corte Madera for grades 4-8.  The Ladera area of Portola Valley is part of the Las Lomitas School District.

The number of home sales in Portola Valley in 2011 increased 30% over 2010 and the average selling price was up 22%.  All expectations are that the same trends will continue in 2012.

If you are looking for a country feel and wide open spaces, Portola Valley could be just the place you’ll want to call home.

Counties Currently Participating in Prop 90

Eight California counties currently participate in Prop 90 tax base transfers.   They include Alameda, San Diego, San Mateo, Santa Clara, Los Angeles, Orange, El Dorado and Ventura.    Santa Clara County supervisors recently voted to keep Prop 90 in place while El Dorado County was a new addition in 2010.

Prop 90 allows people aged 55 & over  to transfer a property’s factored base year value from an existing residence to a replacement residence between the participating counties.   Replacement properties must be of equal or lesser value than the original property.

This means you could sell your long time residence in Palo Alto and purchase a replacement property in San Diego that was of equal or lesser value than your Palo Alto home and apply to have your existing tax base transfer to your new property.    It can be a great benefit if you have owned a home for many years.

The participating counties can change at any time and you should always talk to your financial advisor regarding requirments of your specific situation.

 

Burlingables – Petite and Popular

Burlingame, CANestled in a small geographic area of tree lined streets is the very desirable Burlingables neighborhood. Charming homes, friendly neighbors, fabulous Washington Park, and an easy walk to the train station and bustling downtown Burlingame Ave all contribute to making this a highly sought after location. Recent home sales have been quick and competitive, with homes selling in under a week and over asking. 447 Chatham, 321 Concord Way and 401 Bloomfield all sold with multiple offers in 6 or 7 days and all sold over the original asking price.