NOT LISTED FOR SALE

15171 Karl Ave Monte Sereno, CA 95030

Estimated Value: $7,904,000 - $9,179,987

1.01 Acres
$8,460,470 Price per Acre
44,083 Sq Ft Lot

Last Sold January 18, 2017

Last sale price $2,355,000 $1,267 Per Sq Ft

Est. 264% increase in value since last sale

Current estimated payment $51,684/month

18 Days on Market

About This Lot

As of January 2017

Exceptional Opportunity For a Brand New Build on Sprawling 1 Acre of Land. Ideal Location on one of Monte Sereno's Most Coveted Streets Surrounded by Gorgeous Estate Homes. Existing Structure is Original 1950's Home with Detached Garage. Value is in the Land. Top Los Gatos Schools.

Last Agent to Sell the Property

Tim O'Halloran

The O'Halloran Group License #01105570 Listed on: 10/28/2016

Last Buyer's Agent

Raymond Ong

RWC Property Services, Inc. License #01113341

RWC Property Services, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $72,786

Lot Details

  • 1.01 Acre Lot
  • Back Yard Fenced
  • Gentle Sloping Lot

Additional Features

  • Horses Potentially Allowed on Property
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$72,786

Lot Details

0

Listing Details

  • Zoning: R144
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Present Use: Single Family
  • Development Status: No Site Approval
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Horse Property: Possible
  • Fencing: Fenced Back

Utilities

  • Sewer/Septic System: Sewer Available At Site

Schools

  • School District: Los Gatos-Saratoga Joint Union High
  • Elementary School: Daves Avenue Elementary
  • Middle School: Raymond J. Fisher Middle
  • High School: Los Gatos High
  • High School: 262
  • Elementary School: 140
  • Middle School: 141

Lot Info

  • Lot Description: Grade - Gently Sloped
  • Lot Acres: 1.0120
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 44060.94
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 44060.94
  • Parcel Access: City Street

Multi Family

  • Utilities: Electricity - On Site, Gas - On Site, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2016
Closed on
Jan 13, 2017
Sold by
Aloos Shahla
Bought by
Najafzadehilkhchi Masood
Seller's Agent
Tim O'Halloran
The O'Halloran Group
Buyer's Agent
Raymond Ong
RWC Property Services, Inc.
List Price
$2,198,000
Sold Price
$2,355,000
Premium/Discount to List
$157,000
7.14%
Current Estimated Value
$8,561,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,206,996
Avg. Annual Appreciation
15.24%
Original Mortgage
$1,610,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 28, 2016
Closed on
Dec 1, 2016
Sold by
Tripp Vincent G and Tripp Rodney E
Bought by
Najafzadehilkhechi Bahram and Najafzadehilkhchi Masood
Seller's Agent
Tim O'Halloran
The O'Halloran Group
Buyer's Agent
Raymond Ong
RWC Property Services, Inc.
List Price
$2,198,000
Sold Price
$2,355,000
Premium/Discount to List
$157,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,610,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 27, 2015
Sold by
Tripp John
Bought by
Tripp John

Purchase Details

Closed on
Nov 24, 1999
Sold by
Hills Tripp Juanita
Bought by
Tripp John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.84%
Mortgage Type
Stand Alone First
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
Najafzadehilkhchi Masood -- Chicago Title Company
Najafzadehilkhechi Bahram -- Chicago Title Company
Najafzadehilkhechi Bahram $2,355,000 Chicago Title Company
Tripp John -- None Available
Tripp John -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Najafzadehilkhechi Bahram $1,610,000
Previous Owner Tripp John $200,000
Previous Owner Tripp John $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2017 01/18/17 Sold $2,355,000 +7.1% $1,267 / Sq Ft
11/16/2016 11/16/16 Pending -- -- --
10/28/2016 10/28/16 For Sale $2,198,000 -- $1,183 / 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 $72,786 $6,467,011 $2,721,571 $3,745,440
2024 $72,786 $6,340,207 $2,668,207 $3,672,000
2023 $67,696 $5,861,290 $2,615,890 $3,245,400
2022 $62,511 $5,323,599 $2,564,599 $2,759,000
2021 $39,640 $3,318,294 $2,514,313 $803,981
2020 $29,949 $2,499,144 $2,488,532 $10,612
2019 $29,551 $2,450,142 $2,439,738 $10,404
2018 $29,154 $2,402,100 $2,391,900 $10,200
2017 $2,401 $103,861 $68,456 $35,405
2016 $2,314 $101,825 $67,114 $34,711
2015 $2,182 $100,296 $66,106 $34,190
2014 $2,125 $98,333 $64,812 $33,521
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81630202

MLSListings

APN: 409-40-004