$4,425,000
SOLD DEC 23, 2020
5 Beds
5.5 Baths
4,352 Sq Ft
0.88 Acres

Recently Sold

$1,017 Per Sq Ft

4% Below List Price

33 Days on Market

Highlights

  • Wine Cellar
  • Fireplace in Primary Bedroom
  • Wood Flooring
  • Saratoga Elementary School Rated A
  • Deck
  • Wine Refrigerator

About This Home

As of December 2020

Amazing home located on beautiful Farwell Ave! Rebuilt in 2017, this custom home offers modern living with exquisite finishes throughout. Gourmet kitchen open to family room with a covered loggia is great for entertaining year round! Spacious primary bedroom suite is located on the main floor, 3 bedrooms including a second suite is upstairs. Gourmet kitchen has professional grade appliances, large island with counter seating, gas cooktop, plus separate bar with ice-maker and seating for 6. Smart home w/ Nest, Ring, Electric gates and built in speakers throughout and home security with 8 wifi cameras and generator. Loggia has two-way fireplace, speakers, TV and privacy! Huge wine cellar and storage room in basement. Guest house and cottage offer additional living space for family and guests, or work from home office space. Park size yard with room for a pool or sport court. Sellers have pool plans available. Award Winning Saratoga Schools, close to town and easy freeway access.

Last Agent to Sell the Property

Steve& Christine Perry

Christie's International Real Estate Sereno License #70000661 Listed on: 10/28/2020

Christie's International Real Estate Sereno

Last Buyer's Agent

Mary Clark

Intero Real Estate Services License #01388250

Intero Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,817

Year Built

  • Built in 2017

Lot Details

  • 0.88 Acre Lot
  • Fenced
  • Sprinklers on Timer
  • Grass Covered Lot
  • Back Yard
  • Zoning described as R140

Parking

  • 4 Car Detached Garage
  • Electric Vehicle Home Charger
  • Electric Gate

Home Design

  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • Composition Roof
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 4,352 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Gas Fireplace
  • Wine Cellar
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Workshop
  • Crawl Space

Kitchen

  • Open to Family Room
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Wine Refrigerator

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Laundry Tub
  • Electric Dryer Hookup

Home Security

  • Security Lights
  • Smart Home
  • Monitored

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Fireplace

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Thermostat
  • Power Generator
  • Water Filtration System
  • Tankless Water Heater

Additional Features

  • Energy-Efficient Insulation
  • 1,015 SF Accessory Dwelling Unit

Listing and Financial Details

  • Assessor Parcel Number 397-20-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,817

Year Built

Built in 2017

Lot Details

0

Parking

4

Listing Details

  • Subclass: Single Family Home
  • Age: 3
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 1015
  • Structure Sq Ft: 4352
  • Year Built: 2017
  • Zoning Description: R140
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Family Room, Gas Burning, Living Room, Primary Bedroom, Outside
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Gas, Hood Over Range, Oven - Double, Refrigerator, Wine Refrigerator
  • Living Sq Ft: 4352
  • Stories: 2
  • Security: Security Alarm, Security Lights, Video / Audio System
  • Laundry: Electricity Hookup (220V), Inside, Tub / Sink
  • Flooring: Hardwood, Tile
  • Additional Rooms: Den / Study / Office, Storage, Wine Cellar / Storage, Workshop
  • Fireplaces Min: 4
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab, Crawl Space, Foundation Pillars
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Fenced, Low Maintenance, Outdoor Fireplace, Sprinklers - Auto
  • Fencing: Fenced
  • Construction Type: Shingle, Stone

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 5
  • Garage Max: 4
  • Garage Min: 4
  • Garage Parking Features: Detached Garage, Electric Gate
  • Electric Vehicle Hookup Type: Electric Vehicle Hookup Level 1 (120 volts)

Utilities

  • Cooling System: Central AC, Multi-Zone
  • Heating System: Central Forced Air, Gas, Heating - 2+ Zones
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Skylight, Walk-in Closet

Schools

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

Lot Info

  • Parcel Number: 397-20-010
  • Lot Acres: 0.8848
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 38540.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 38540.00

Green Features

  • Energy Features: Smart Home System, Tankless Water Heater, Thermostat Controller, Walls Insulated

Multi Family

  • Utilities: Generator, Natural Gas, Public Utilities
  • Second Unit Description: guest&cottage

MLS Schools

  • High School District Text: Los Gatos-Saratoga Joint Union High
  • High School Text: Saratoga High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Dec 1, 2020
Sold by
Child Jason Elliot and Child Stephanie Elizabeth
Bought by
Vemuri Srinivasa S and Dhulipala Lakshmi K
Seller's Agent
Steve& Christine Perry
Christie's International Real Estate Sereno
Buyer's Agent
Mary Clark
Intero Real Estate Services
List Price
$4,595,000
Sold Price
$4,425,000
Premium/Discount to List
-$170,000
-3.7%
Current Estimated Value
$5,867,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,442,443
Avg. Annual Appreciation
6.21%
Original Mortgage
$2,982,163
Outstanding Balance
$2,661,123
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$3,206,320

Purchase Details

Listed on
Jan 30, 2019
Closed on
Jun 26, 2019
Sold by
Oliveri Aldo and Oliveri Heidi J
Bought by
Child Jason Elliott and Child Stephanie Elizabeth
Seller's Agent
Aldo Oliveri
Coldwell Banker Realty
Buyer's Agent
Robin Sedgwick
Coldwell Banker Realty
List Price
$4,988,000
Sold Price
$4,400,000
Premium/Discount to List
-$588,000
-11.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.39%
Original Mortgage
$3,080,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 15, 2014
Closed on
Jun 20, 2014
Sold by
Gladwell Malcolm R and Gladwell Patricia D
Bought by
Oliveri Aldo and Oliven Heidi J
Seller's Agent
Jerry Houston
Coldwell Banker Realty
Buyer's Agent
Heidi Oliveri
Santana Real Estate
List Price
$2,150,000
Sold Price
$1,878,000
Premium/Discount to List
-$272,000
-12.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.40%
Original Mortgage
$1,000,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 10, 2011
Sold by
Gladwell Malcolm R and Gladwell Patricia D
Bought by
Gladwell Malcolm R and Gladwell Patricia D

Purchase Details

Closed on
Nov 22, 2002
Sold by
Gladwell Malcolm R and Gladwell Patricia D
Bought by
Gladwell Malcolm R and Gladwell Patricia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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 $4,425,000 Chicago Title Company
Grant Deed $4,400,000 Fidelity National Title Co
Grant Deed $1,878,000 Stewart Title Of Ca Inc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- American Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,982,163 New Conventional
Previous Owner $3,080,000 Adjustable Rate Mortgage/ARM
Previous Owner $500,000 Future Advance Clause Open End Mortgage
Previous Owner $1,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $410,000 Adjustable Rate Mortgage/ARM
Previous Owner $150,000 Credit Line Revolving
Previous Owner $417,000 Unknown
Previous Owner $400,000 Purchase Money Mortgage
Previous Owner $40,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2020 12/23/20 Sold $4,425,000 -0.6% $1,017 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
11/30/2020 11/30/20 Price Changed $4,450,000 -3.2% $1,023 / Sq Ft
10/28/2020 10/28/20 For Sale $4,595,000 +4.4% $1,056 / Sq Ft
07/11/2019 07/11/19 Sold $4,400,000 -2.2% $1,028 / Sq Ft
05/12/2019 05/12/19 Pending -- -- --
05/06/2019 05/06/19 Price Changed $4,500,000 -1.9% $1,051 / Sq Ft
03/15/2019 03/15/19 Price Changed $4,588,000 -8.0% $1,072 / Sq Ft
01/30/2019 01/30/19 For Sale $4,988,000 +165.6% $1,165 / Sq Ft
06/26/2014 06/26/14 Sold $1,878,000 -5.9% $564 / Sq Ft
06/04/2014 06/04/14 Pending -- -- --
05/29/2014 05/29/14 Price Changed $1,995,000 -7.2% $599 / Sq Ft
04/15/2014 04/15/14 For Sale $2,150,000 -- $646 / 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 $55,817 $4,789,761 $3,030,809 $1,758,952
2024 $55,817 $4,695,845 $2,971,382 $1,724,463
2023 $55,379 $4,603,770 $2,913,120 $1,690,650
2022 $54,248 $4,513,500 $2,856,000 $1,657,500
2021 $53,390 $4,425,000 $2,800,000 $1,625,000
2020 $52,451 $4,400,000 $2,800,000 $1,600,000
2019 $27,395 $2,244,518 $1,547,603 $696,915
2018 $26,918 $2,200,508 $1,517,258 $683,250
2017 $25,712 $2,065,141 $1,487,508 $577,633
2016 $24,775 $2,009,453 $1,458,342 $551,111
2015 $23,513 $1,915,266 $1,436,437 $478,829
2014 $8,261 $629,091 $331,007 $298,084
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81817069

MLSListings

APN: 397-20-010