NOT LISTED FOR SALE

12991 Pierce Rd Saratoga, CA 95070

Arguello Neighborhood

Estimated Value: $2,626,000 - $5,113,000

1.96 Acres
$2,185,034 Price per Acre
85,378 Sq Ft Lot

Last Sold June 21, 2024

Last sale price $5,250,000 $7,653 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $23,555/month

16 Days on Market

Highlights

  • 1.96 Acre Lot
  • View of Hills
  • Landscaped with Trees
  • Argonaut Elementary School Rated A
  • Secluded Lot
  • Partially Fenced Property

About This Lot

As of June 2024

In the heart of Saratoga, California, this pristine 1.96-acre lot offers a rare opportunity to craft your dream home in one of the Bay Area's most coveted neighborhoods. Enveloped by the serene beauty of lush, mature trees and gently rolling hills, this expansive property provides a tranquil retreat with ample space for a luxurious residence, landscaped gardens, and recreational amenities. With the potential to utilize California's SB-9 (Senate Bill 9), this lot presents unique possibilities for development. SB-9 allows for the subdivision of a single-family residential lot, 1.96-acres at 12991 Pierce Road into two separate parcels. Whether you're looking to build a multi-generational family compound or simply maximize the property's potential, SB-9 provides a flexible framework to realize your vision. Embrace the chance to create a bespoke living experience tailored to your personal tastes and lifestyle in this exceptional Saratoga location. 12991 Pierce Road is not just a place to build a house; it's an invitation to realize your dream home and enjoy the quintessential California lifestyle. Enjoy!

Last Agent to Sell the Property

Helen Pastorino

Pertria License #00612357 Listed on: 05/21/2024

Last Buyer's Agent

William Gorman

Coldwell Banker Realty License #01053691

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,149

Lot Details

  • 1.96 Acre Lot
  • Partially Fenced Property
  • Fenced Front Yard
  • Chain Link Fence
  • Brush Vegetation
  • Secluded Lot
  • Corners Of The Lot Have Been Marked
  • Gentle Sloping Lot
  • Landscaped with Trees
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

Additional Features

  • Views of Hills
  • Mineral Rights
  • Horses Potentially Allowed on Property

Property Details

Property Type

Land

Est. Annual Taxes

$3,149

Lot Details

0

Listing Details

  • Zoning: R140
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Present Use: 2nd Unit Possible, Single Family, Vacant
  • Development Status: Lot Split Possible, Map Recorded, Possible Lot Split, Topographical Map Available
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Hills
  • Horse Property: Possible
  • Fencing: Chain Link, Fenced Front, Partial Fencing, Surveyed
  • Horse Property Description: Unimproved

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Los Gatos-Saratoga Joint Union High
  • Elementary School: Argonaut Elementary
  • Middle School: Redwood Middle
  • High School: Saratoga High
  • High School: 264
  • Elementary School: 196
  • Middle School: 198

Lot Info

  • Lot Description: Corners Marked, Grade - Gently Sloped, Possible Lot Split, Private / Secluded, Staked Boundary, Surveyed
  • Lot Acres: 1.9600
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 85378.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 85378.00
  • Existing Crops Vegetation: Brush, Trees
  • Mineral Rights: Yes
  • Parcel Access: City Street

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2024
Sold by
Zaka Lp
Bought by
Aatz Llc and Extend Ventures Llc
Current Estimated Value
$4,275,000

Purchase Details

Listed on
May 21, 2024
Closed on
Jun 13, 2024
Sold by
Lowen Tiffany Joy and Thorson Trust
Bought by
Zaka Lp
Seller's Agent
Helen Pastorino
Pertria
Buyer's Agent
William Gorman
Coldwell Banker Realty
List Price
$4,950,000
Sold Price
$5,250,000
Premium/Discount to List
$300,000
6.06%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.76%
Original Mortgage
$4,200,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2002
Sold by
Thorson Robert M and Thorson Carol K
Bought by
Thorson Robert M and Thorson Carol K
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Aatz Llc -- Old Republic Title
Aatz Llc -- Old Republic Title
Zaka Lp $5,250,000 Old Republic Title
Thorson Robert M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zaka Lp $4,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $5,250,000 +6.1% $7,653 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $4,950,000 -- $7,216 / 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
2024 $3,149 $103,226 $79,251 $23,975
2023 $2,978 $101,203 $77,698 $23,505
2022 $2,881 $99,220 $76,175 $23,045
2021 $2,786 $97,276 $74,682 $22,594
2020 $2,573 $96,280 $73,917 $22,363
2019 $2,441 $94,393 $72,468 $21,925
2018 $2,296 $92,544 $71,048 $21,496
2017 $2,213 $90,730 $69,655 $21,075
2016 $2,099 $88,952 $68,290 $20,662
2015 $2,012 $87,617 $67,265 $20,352
2014 $1,931 $85,902 $65,948 $19,954
Source: Public Records

Agents Affiliated with this Home

  • Helen Pastorino

    Seller's Agent in 2024

    Helen Pastorino

    Pertria

    (408) 357-7770

    1 in this area

    46 Total Sales

    Section Image
  • William Gorman

    Buyer's Agent in 2024

    William Gorman

    Coldwell Banker Realty

    (408) 872-3555

    2 in this area

    94 Total Sales

    Section Image

  • M

    Buyer Co-Listing Agent in 2024

    Mumtaz Barkatullah

    Coldwell Banker Realty

    (408) 888-0259

    1 in this area

    9 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81966609

MLSListings

APN: 503-16-047

California Santa Clara County Saratoga 95070 Arguello

12991 Pierce Rd, Saratoga, CA

This home is located at 12991 Pierce Rd, Saratoga, CA 95070 since 21 May 2024 and is currently estimated at $4,282,667, approximately $6,242 per square foot. 12991 Pierce Rd 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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