$1,980,000
SOLD AUG 18, 2025
3 Beds
2 Baths
1,621 Sq Ft
$249/mo HOA Fee

Recently Sold

$1,221 Per Sq Ft

1% Below List Price

106 Days on Market

Highlights

  • Unit is on the top floor
  • Solar Power System
  • Mountain View
  • Saratoga Elementary School Rated A
  • Craftsman Architecture
  • 5-minute walk to Wildwood Park

About This Home

As of August 2025

Rare Opportunity! Architecturally distinctive, custom-built, this luxurious penthouse-style condominium sits atop 2 commercial units at the foothills of the Santa Cruz Mountains. Featuring high ceilings, expansive windows, and breathtaking treetop & mountain views, this boutique residence offers the best of elevated living just steps from charming Saratoga Village,enjoy downtown life, parks, trails, and vibrant community events. This south-facing penthouse spans the entire top floor & is filled with natural light. The thoughtfully designed floor plan includes 3 bed/2 bath, chef's kitchen, generous living, entertaining areas, two balconies. Additional features include floor-to-ceiling windows, French doors, 2-car underground parking with EV charger, solar panels, and access to top-rated Saratoga schools. Optional Investment Opportunity: In addition to the condo, the buyer has the option to purchase 2 commercial units located directly below. One is a food & beverage space with a second-floor w/ stunning mountain views. The second is a beautiful retail space w/ soaring ceilings, large windows, and bi-fold doors opening to a stylish, awning-covered patios. Both units are currently leased to Sues Gallery Cafe. Lease through the end of 2033. For bundled sale: refer to MLS# ML82000656

Last Agent to Sell the Property

Minhua Jin

Coldwell Banker Realty License #01246488 Listed on: 04/03/2025

Coldwell Banker Realty

Last Buyer's Agent

Olesia Woodward

Intero Real Estate Services License #02000713

Intero Real Estate Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,265

Year Built

  • Built in 2015

HOA Fees

  • $249 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Electric Vehicle Home Charger

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Craftsman Architecture
  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Tar and Gravel Roof

Interior Spaces

  • 1,621 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Gas Fireplace
  • Double Pane Windows
  • Formal Entry
  • Living Room with Fireplace
  • Formal Dining Room
  • Storage Room
  • Attic

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Quartz Countertops
  • Corian Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Eco-Friendly Details

  • Energy-Efficient Insulation
  • Solar Power System

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts

Additional Features

  • Balcony
  • Grass Covered Lot
  • Unit is on the top floor

Community Details

  • Association fees include insurance - common area, insurance - hazard, landscaping / gardening
  • Olive Creek Place Owners Association

Listing and Financial Details

  • Assessor Parcel Number 503-25-050

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,265

Year Built

Built in 2015

Lot Details

0

HOA Fees

$249 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Style: Contemporary, Craftsman
  • Age: 10
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Max Numberof Unitsin Building: 3
  • Structure Sq Ft: 1621
  • Year Built: 2015
  • Zoning Description: CV
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning, Gas Starter, Living Room
  • Dining Room: Breakfast Bar, Dining Area in Living Room, Formal Dining Room
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Quartz, Countertop - Solid Surface / Corian, Dishwasher, Hood Over Range, Oven Range, Oven Range - Built-In, Gas, Pantry, Refrigerator
  • Living Sq Ft: 1621
  • Stories: 1
  • Bedrooms: Walk-in Closet
  • Laundry: Electricity Hookup (220V), Inside, Washer / Dryer
  • Flooring: Hardwood, Tile
  • Additional Rooms: Attic, Formal Entry, Laundry Room, Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Shower and Tub, Stall Shower, Tile, Tubs - 2+, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar and Gravel
  • View: Mountains, Neighborhood
  • Yard/Grounds: Balcony / Patio, Low Maintenance
  • Construction Type: Concrete, Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Underground Parking
  • Electric Vehicle Hookup Type: Electric Vehicle Hookup Level 2 (240 volts)

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 249
  • HOA Documents: Budget, Bylaws, CC&RS, Financial Statement
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Insurance - Common Area, Insurance - Hazard, Landscaping / Gardening
  • H O A Name Text: Olive Creek Place Owners Association
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-in Closet

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

  • Parcel Number: 503-25-050

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Solar Power, Walls Insulated

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 2
  • Minimum Building Height: 2
  • Unit Features: Top Floor or Penthouse

MLS Schools

  • High School District Text: Los Gatos-Saratoga Joint Union High
  • Elementary School Text: Argonaut Elementary
  • High School Text: Saratoga High
  • Middle School Text: Redwood Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2025
Closed on
Aug 11, 2025
Sold by
Kang Sue and Kang Jonghoon
Bought by
Lynch Sean and Munawar Farheen
Seller's Agent
Minhua Jin
Coldwell Banker Realty
Buyer's Agent
Olesia Woodward
Intero Real Estate Services
List Price
$1,998,000
Sold Price
$1,980,000
Premium/Discount to List
-$18,000
-0.9%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.44%
Original Mortgage
$1,000,000
Outstanding Balance
$1,000,000
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$1,040,236

Purchase Details

Closed on
Sep 14, 2018
Sold by
Kang Sue and Kang Jonghoon
Bought by
Kang Sue and Kang Jonghoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2015
Sold by
Ocp Development Inc
Bought by
Kang Sue R and Kang Jonghoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$598,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,980,000 Cornerstone Title Company
Interfamily Deed Transfer -- Ticor Title
Grant Deed $920,000 Cornerstone Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,000,000 New Conventional
Previous Owner $740,000 New Conventional
Previous Owner $598,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 Sold $1,980,000 -0.9% $1,221 / Sq Ft
07/18/2025 07/18/25 Pending -- -- --
04/03/2025 04/03/25 For Sale $1,998,000 -- $1,233 / 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 $13,265 $1,089,086 $544,543 $544,543
2024 $13,265 $1,067,732 $533,866 $533,866
2023 $13,103 $1,046,798 $523,399 $523,399
2022 $12,851 $1,026,274 $513,137 $513,137
2021 $12,629 $1,006,152 $503,076 $503,076
2020 $12,355 $995,836 $497,918 $497,918
2019 $12,138 $976,310 $488,155 $488,155
2018 $11,918 $957,168 $478,584 $478,584
2017 $11,859 $938,400 $469,200 $469,200
2016 $9,451 $632,243 $393,944 $238,299
2015 $7,994 $428,830 $194,110 $234,720
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML82014416

MLSListings

APN: 503-25-050