NOT LISTED FOR SALE

12501 Paseo Cerro Saratoga, CA 95070

Quito Village Neighborhood

Estimated Value: $2,392,000 - $3,523,069

4 Beds
1.5 Baths
1,500 Sq Ft
$2,043/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $2,051,000 $1,367 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $18,341/month

13 Days on Market

Highlights

  • Family Room with Fireplace
  • Den
  • Skylights
  • Gussie M. Baker Elementary School Rated A
  • Breakfast Area or Nook
  • Bathtub with Shower

About This Home

As of August 2022

This could become the dream house for buyers, flippers or investors. NOTE: there is much more square footage ( -+ 600sq.ft.??? ) ...permits unknown. 1. Leave it as is and rent it out. 2. Rent it out now for while you have your plans drawn up and get your permits in order...generating income. 3.) Do a full substantial remodel to create a more modern functional home by todays standards. 4. Tear it down and build the perfect home of your choosing. Great location near shopping, restaurants and mall. Minutes away from several downtowns including Saratoga Village, Los Gatos, Downtown Campbell and more.

Last Agent to Sell the Property

Joe Maguire

Spirit Properties License #01294258 Listed on: 07/22/2022

Co-Listed By

Janet Simas

Spirit Properties License #00408408

Last Buyer's Agent

Sunny Singh

Golden State Fine Homes, Inc License #01852828

Golden State Fine Homes, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,702

Year Built

  • 1950

Lot Details

  • 10,001 Sq Ft Lot
  • Sprinklers on Timer
  • Back Yard Fenced

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Laundry in Utility Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Gas Oven
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Parking

  • 2 Parking Spaces
  • No Garage
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter
  • Abandoned Septic

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,702

Year Built

1950

Lot Details

0

Listing Details

  • Zoning: R110
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 1500
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Living Room
  • Dining Room: Breakfast Nook, Dining Area, Eat In Kitchen
  • Kitchen: Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Oven Range - Built-In, Oven Range - Built-In, Gas, Oven Range - Gas, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1500
  • Stories: 1
  • Laundry: In Utility Room, Inside
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Den / Study / Office
  • Fireplaces Min: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Shower Over Tub - 1, Stall Shower

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Fenced, Sprinklers - Auto
  • Fencing: Fenced Back, Wood

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: No Garage, Off-Street Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Septic Abandoned, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Skylight

Schools

  • High School: 241

Lot Info

  • Lot Acres: 0.2296
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10000.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2024
Sold by
Bhatt Ravikant and Bhatt Kavita
Bought by
Bhatt Living Trust and Bhatt
Current Estimated Value
$3,063,767

Purchase Details

Listed on
Jul 22, 2022
Closed on
Aug 16, 2022
Sold by
Suit Family Living Trust
Bought by
Bhatt Ravikant and Bhatt Kavita
Seller's Agent
Joe Maguire
Spirit Properties
Buyer's Agent
Sunny Singh
Golden State Fine Homes, Inc
List Price
$2,195,000
Sold Price
$2,051,000
Premium/Discount to List
-$144,000
-6.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.27%
Original Mortgage
$1,640,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2022
Sold by
Suit Family Living Trust
Bought by
Suit Family Living Trust

Purchase Details

Closed on
Jun 15, 2010
Sold by
Suit Peggy
Bought by
Suit Peggy

Purchase Details

Closed on
Sep 18, 1996
Sold by
Suit Thomas O and Suit Peggy
Bought by
Suit Thomas Oliver and Suit Peggy
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bhatt Living Trust -- None Listed On Document
Bhatt Ravikant $2,051,000 Chicago Title
Suit Family Living Trust -- Chicago Title
Suit Peggy -- None Available
Suit Thomas Oliver -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bhatt Ravikant $1,640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2022 08/26/22 Sold $2,051,000 -6.6% $1,367 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $2,195,000 -- $1,463 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,702 $3,485,800 $2,080,800 $1,405,000
2024 $26,702 $2,092,020 $2,040,000 $52,020
2023 $26,455 $2,051,000 $2,000,000 $51,000
2022 $3,189 $171,121 $94,139 $76,982
2021 $3,121 $167,767 $92,294 $75,473
2020 $3,055 $166,048 $91,348 $74,700
2019 $2,941 $162,793 $89,557 $73,236
2018 $2,871 $159,601 $87,801 $71,800
2017 $2,815 $156,473 $86,080 $70,393
2016 $2,613 $153,406 $84,393 $69,013
2015 $2,557 $151,103 $83,126 $67,977
2014 $2,476 $148,144 $81,498 $66,646
Source: Public Records

Agents Affiliated with this Home

  • Joe Maguire

    Seller's Agent in 2022

    Joe Maguire

    Spirit Properties

    (408) 377-6500

    1 in this area

    36 Total Sales

    Joe Maguire
    Section Image
  • Janet Simas

    Seller Co-Listing Agent in 2022

    Janet Simas

    Spirit Properties

    (408) 465-2310

    1 in this area

    11 Total Sales

    Janet Simas
    Section Image
  • Sunny Singh

    Buyer's Agent in 2022

    Sunny Singh

    Golden State Fine Homes, Inc

    (408) 603-8653

    1 in this area

    64 Total Sales

    Sunny Singh
    Section Image
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Map

Source: MLSListings

MLS Number: ML81901235

MLSListings

APN: 386-11-028

California Santa Clara County Saratoga 95070 Quito Village

12501 Paseo Cerro, Saratoga, CA

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