NOT LISTED FOR SALE

15588 Shady Ln Unit 15 Los Gatos, CA 95032

East Los Gatos Neighborhood

Estimated Value: $8,175,000 - $11,447,637

5 Beds
6.5 Baths
7,638 Sq Ft
$1,201/Sq Ft Est. Value

Last Sold April 26, 2016

Last sale price $4,992,142 $654 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $55,444/month

195 Days on Market

Highlights

  • Wine Cellar
  • Home Theater
  • 1.42 Acre Lot
  • Alta Vista Elementary School Rated A
  • Newly Remodeled
  • View of Hills

About This Home

As of April 2016

New Home Construction. Available for Occupancy Winter 2015. This magnificent 7638 sq. ft. custom estate home is a masterpiece of design and craftsmanship. Featuring an innovative 3-level design, main entry encompasses the home's formal entertaining along with 2 bedrooms, study, family room and gourmet kitchen. Upper level features an expansive master bedroom (over 1300 sq ft) w/seating area, f/p, French doors to a private terrace, and an elegant spa-like bath.

Last Agent to Sell the Property

Marc Burnstein

Davidon Homes License #00895006 Listed on: 06/05/2015

Last Buyer's Agent

Joe Piazza

Compass License #01411341

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $79,537

Year Built

  • Built in 2015 | Newly Remodeled

Lot Details

  • 1.42 Acre Lot
  • Secluded Lot
  • Lot Sloped Down
  • Hillside Location
  • Back Yard

Parking

  • 5 Car Attached Garage
  • Tandem Parking
  • Garage Door Opener

Property Views

  • Hills
  • Forest
  • Park or Greenbelt

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Concrete Roof

Interior Spaces

  • 7,638 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • 3 Fireplaces
  • Clean Air Certified Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Formal Entry
  • Wine Cellar
  • Formal Dining Room
  • Home Theater
  • Den
  • Storage Room
  • Fire Sprinkler System
  • Finished Basement

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Double Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Dual Flush Toilets
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Garden Bath
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry Tub
  • Washer and Dryer Hookup

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter
  • Water Storage
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 527-09-024

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include insurance - common area, maintenance - common area, management fee, reserves
  • Highlands Los Gatos Association
  • Built by The Highlands of Los Gatos

Amenities

  • Courtyard

Home Details

Home Type

Single Family

Est. Annual Taxes

$79,537

Year Built

Built in 2015 | Newly Remodeled

Lot Details

0

Parking

5

Listing Details

  • Subclass: Single Family Home
  • Restrictions: Height Restrictions, Pets - Allowed, Pets - Dogs Permitted
  • Estimated Completion Date: 12/31/2015
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 19
  • Range Price Low Value: 4975000
  • Structure Sq Ft: 7638
  • Construction: New Construction
  • Complex Name: The Highlands of Los Gatos
  • Incorporated: Yes
  • Year Built: 2015
  • Zoning Description: residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Clean Air Certified, Gas Burning
  • Dining Room: Breakfast Nook, Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Hookups - Gas, Island, Microwave, Oven - Double, Oven Range - Gas, Pantry, Refrigerator, Trash Compactor
  • Living Sq Ft: 7638
  • Stories: 3
  • Security: Fire System - Sprinkler
  • Laundry: Hookup - Electric, Gas Hookup, Hookup - Washer/Dryer, Hookups Only, Tub / Sink
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Basement - Finished, Den / Study / Office, Formal Entry, Laundry Room, Media / Home Theater, Storage, Wine Cellar / Storage
  • Fireplaces Min: 3
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Dual Flush Toilet, Shower and Tub, Stall Shower, Sunken / Garden Tub, Tub with Jets
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Concrete
  • View: Forest / Woods, Greenbelt, Hills
  • Yard/Grounds: Back Yard, Balcony / Patio, BBQ Area, Courtyard
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 5
  • Garage Max: 5
  • Garage Min: 5
  • Garage Parking Features: Attached Garage, Gate / Door Opener, Tandem Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling, Walk-in Closet, Wet Bar

Condo/Co-op/Association

  • HOA Fees: 393
  • Association Fees Include: Insurance - Common Area, Maintenance - Common Area, Management Fee, Reserves
  • H O A Name Text: Highlands Los Gatos
  • H O A Exist: Yes

Schools

  • School District: Campbell Union High
  • High School: Leigh High
  • High School: 240

Lot Info

  • Lot Description: Grade - Gently Sloped, Grade - Hillside, Grade - Sloped Down, Private / Secluded, Views
  • Parcel Number: 527-09-024
  • Lot Acres: 1.4200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 61900.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 61900.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Energy Star Appliances, Tankless Water Heater

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities

MLS Schools

  • High School District Text: Campbell Union High
  • High School Text: Leigh High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2020
Sold by
2012 Merritt Family Revocable Living Tru and Merritt Christine
Bought by
Zutshi Family Trust and Zutshi
Current Estimated Value
$9,171,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,860,000
Outstanding Balance
$3,422,792
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$5,748,617

Purchase Details

Listed on
Jun 5, 2015
Closed on
Apr 7, 2016
Sold by
Davidon Homes
Bought by
2012 Merritt Family Revocable Living Tru
Seller's Agent
Marc Burnstein
Davidon Homes
Buyer's Agent
Joe Piazza
Compass
List Price
$4,975,000
Sold Price
$4,992,142
Premium/Discount to List
$17,142
0.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%
Original Mortgage
$2,000,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2011
Sold by
East West Bank
Bought by
Davidon Homes

Purchase Details

Closed on
Feb 28, 2011
Sold by
The Highlands Of Los Gatos Llc
Bought by
East West Bank
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
Zutshi Family Trust $5,976,000 Stewart Title
2012 Merritt Family Revocable Living Tru $4,992,500 First American Title Company
Davidon Homes $8,199,750 Fidelity National Title Ins
East West Bank $17,100,000 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zutshi Family Trust $3,860,000
Previous Owner 2012 Merritt Family Revocable Living Tru $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2016 04/26/16 Sold $4,992,142 +0.3% $654 / Sq Ft
12/17/2015 12/17/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $4,975,000 -- $651 / 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 $79,537 $6,468,490 $4,113,241 $2,355,249
2024 $79,537 $6,341,658 $4,032,590 $2,309,068
2023 $78,138 $6,217,313 $3,953,520 $2,263,793
2022 $76,310 $6,095,405 $3,876,000 $2,219,405
2021 $75,125 $5,975,888 $3,800,000 $2,175,888
2020 $68,998 $5,503,612 $2,164,864 $3,338,748
2019 $67,709 $5,395,699 $2,122,416 $3,273,283
2018 $65,486 $5,219,711 $2,080,800 $3,138,911
2017 $64,504 $5,117,364 $2,040,000 $3,077,364
2016 $30,384 $2,450,296 $710,896 $1,739,400
2015 $8,716 $700,218 $700,218 $0
2014 $8,553 $686,502 $686,502 $0
Source: Public Records

Agents Affiliated with this Home

  • Marc Burnstein

    Seller's Agent in 2016

    Marc Burnstein

    Davidon Homes

    (925) 580-1993

    51 Total Sales

    Marc Burnstein
    Section Image

  • J

    Buyer's Agent in 2016

    Joe Piazza

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81469001

MLSListings

APN: 527-09-024

California Santa Clara County Los Gatos 95032 East Los Gatos

15588 Shady Ln Unit 15, Los Gatos, CA

This home is located at 15588 Shady Ln Unit 15, Los Gatos, CA 95032 since 05 June 2015 and is currently estimated at $9,171,409, approximately $1,200 per square foot. This property was built in 2015. 15588 Shady Ln Unit 15 is a home located in Santa Clara County with nearby schools including Alta Vista Elementary School, Union Middle School, and Leigh High School.

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