NOT LISTED FOR SALE

12881 Foothill Ln Saratoga, CA 95070

Arguello Neighborhood

Estimated Value: $3,335,000 - $4,275,000

4 Beds
2 Baths
1,748 Sq Ft
$2,176/Sq Ft Est. Value

Last Sold August 04, 2022

Last sale price $3,400,000 $1,945 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $24,071/month

7 Days on Market

Highlights

  • 0.63 Acre Lot
  • Wood Flooring
  • Forced Air Heating System
  • Argonaut Elementary School Rated A
  • Views
  • Dining Room

About This Home

As of August 2022

Finally you've found what you've been looking for: a the quintessential Saratoga setting. A quick 5 minute drive to SARATOGA HIGH SCHOOL and Hwy 85 (per Google). Endless possibilities await you: modernize the existing home or build the custom home of your dreams with this HUGE secluded flat lot of over .63 acre with ultra-desirable SARATOGA HIGH SCHOOL, the most coveted of all local high schools. Rated in the TOP 20 Public High Schools in California! A creekside oasis on a quiet, tree-lined cul-de-sac with almost no traffic. This is a one-of-a-kind setting for your next home. Home may be renovated according to the City; a main home, a JADU, and an ADU can be developed on property (BUYER TO VERIFY). Just off Pierce Rd, before the road gets "winding". Serene and secluded lot. Luxury Saratoga living at its finest; convenient to all amenities. Contractor/ Custom Home Builders' Special. Endless possibilities!!! Why settle for less when you can have it all?

Last Agent to Sell the Property

Wayne Garrahan

Coldwell Banker Realty License #01914967 Listed on: 05/26/2022

Coldwell Banker Realty

Last Buyer's Agent

Wayne Garrahan

Coldwell Banker Realty License #01914967 Listed on: 05/26/2022

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,195

Year Built

  • 1961

Lot Details

  • 0.63 Acre Lot
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Tile Roof
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,748 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Separate Family Room
  • Dining Room
  • Property Views

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,195

Year Built

1961

Lot Details

0

Parking

2

Listing Details

  • Zoning: R140
  • Subclass: Single Family Home
  • Age: 61
  • Listing Class: Residential
  • Structure Sq Ft: 1748
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1961

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: No Formal Dining Room
  • Fireplace: Yes
  • Living Sq Ft: 1748
  • Stories: 1
  • Flooring: Tile, Vinyl / Linoleum, Wood
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Metal, Tile
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 5
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Enclosed

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Septic Connected

Schools

  • School District: Los Gatos-Saratoga Joint Union High
  • Middle School: Redwood Middle
  • High School: Saratoga High
  • High School: 264
  • Middle School: 198

Lot Info

  • Lot Description: Grade - Level, Views
  • Lot Acres: 0.6330
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 27573.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 27573.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2022
Closed on
Jun 21, 2022
Sold by
Marjorie Ann Ottenberg Trust
Bought by
Palani Kumara Venkatesh and Thamizhmani Lakshmi
Seller's Agent
Wayne Garrahan
Coldwell Banker Realty
Buyer's Agent
Wayne Garrahan
Coldwell Banker Realty
List Price
$2,998,000
Sold Price
$3,400,000
Premium/Discount to List
$402,000
13.41%
Current Estimated Value
$3,802,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,891
Avg. Annual Appreciation
3.73%
Original Mortgage
$2,000,000
Interest Rate
5.25%
Mortgage Type
New Conventional
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
Palani Kumara Venkatesh $3,400,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palani Kumara Venkatesh $2,200,000
Closed Palani Kumara Venkatesh $2,000,000
Closed Palani Kumara Venkatesh $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2022 08/04/22 Sold $3,400,000 +13.4% $1,945 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $2,998,000 -- $1,715 / 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 $40,195 $3,537,360 $3,355,290 $182,070
2024 $40,195 $3,468,000 $3,289,500 $178,500
2023 $39,863 $3,400,000 $3,225,000 $175,000
2022 $28,178 $2,400,000 $2,300,000 $100,000
2021 $1,592 $120,961 $41,801 $79,160
2020 $1,561 $119,722 $41,373 $78,349
2019 $1,541 $117,375 $40,562 $76,813
2018 $1,516 $115,074 $39,767 $75,307
2017 $1,510 $112,819 $38,988 $73,831
2016 $1,460 $110,608 $38,224 $72,384
2015 $1,435 $108,947 $37,650 $71,297
2014 $1,409 $106,814 $36,913 $69,901
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2022

    Wayne Garrahan

    Coldwell Banker Realty

    (408) 996-1100

    1 in this area

    9 Total Sales

    Wayne Garrahan
    Section Image
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Map

Source: MLSListings

MLS Number: ML81893662

MLSListings

APN: 503-18-027

California Santa Clara County Saratoga 95070 Arguello

12881 Foothill Ln, Saratoga, CA

This home is located at 12881 Foothill Ln, Saratoga, CA 95070 since 26 May 2022 and is currently estimated at $3,802,891, approximately $2,175 per square foot. This property was built in 1961. 12881 Foothill Ln is a home located in Santa Clara County with nearby schools including Argonaut Elementary School, Foothill Elementary School, and Saratoga Elementary School.

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