NOT LISTED FOR SALE

Estimated Value: $7,393,000 - $10,189,645

5 Beds
6.5 Baths
7,638 Sq Ft
$1,131/Sq Ft Est. Value

Last Sold August 06, 2020

Last sale price $5,975,888 $782 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $53,684/month

20 Days on Market

Highlights

  • Safe Room
  • Art Studio
  • Home Theater
  • Alta Vista Elementary School Rated A
  • Wine Cellar
  • Private Pool

About This Home

As of August 2020

This luxurious Los Gatos estate is located in the most prestigious estate neighborhoods in the Silicon Valley called the Highlands of Los Gatos located on 1.5 pristine park like acres w/ gorgeous city light & mountain views*This 7,638 SQFT masterpiece was built in 2016 by Davidon Custom Homes & completely customized by a world class interior designer team*This excellent floor plan has phenomenal & unparalleled architectural design features*Featuring five expansive bedrooms & six full designer bathrooms*Fantastic bonus room/billiards room/home theater, home gym, second master suite, private library*Enormous open epicurean kitchen, family dining nook, huge center island, top Thermador appliances, Carrara marble counters, & hand-scraped large plank walnut floors*The great room, dining room, & living room has box beamed cathedral ceilings, custom built-ins, & fireplaces*Opulent master suite located in complete privacy w/ double walk in closets & opens to an expansive private back yard lawn

Last Agent to Sell the Property

Joe Piazza

Coldwell Banker Realty License #01411341 Listed on: 06/20/2020

Coldwell Banker Realty

Last Buyer's Agent

Kiran Bedi

Bayview Residential Brokerage License #01398876

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $79,537

Year Built

  • 2016

Lot Details

  • 1.5 Acre Lot
  • Northwest Facing Home
  • Kennel or Dog Run
  • Gentle Sloping Lot
  • Sprinklers on Timer
  • Mostly Level
  • Back Yard Fenced

HOA Fees

  • $370 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Electric Vehicle Home Charger
  • Tandem Parking
  • Garage Door Opener
  • On-Street Parking

Property Views

  • City Lights
  • Canyon
  • Mountain
  • Hills
  • Valley
  • Garden
  • Neighborhood

Home Design

  • Custom Home
  • Contemporary Architecture
  • Mediterranean Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Floor Insulation
  • Tile Roof
  • Clay Roof

Interior Spaces

  • 7,638 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Mud Room
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • 5 Fireplaces
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Den
  • Bonus Room
  • Art Studio
  • Finished Basement

Kitchen

  • Breakfast Room
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • Marble Bathroom Countertops
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Safe Room
  • Security Lights
  • Panic Alarm
  • Monitored
  • Fire and Smoke Detector
  • Fire Sprinkler System

Eco-Friendly Details

  • Energy-Efficient Insulation
  • Solar Power System

Pool

  • Private Pool
  • Solar Heated Pool

Outdoor Features

  • Outdoor Fireplace
  • Fire Pit
  • Barbecue Area

Utilities

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

Community Details

Overview

  • Association fees include insurance - common area, maintenance - common area
  • Davidon Fine Homes Association

Additional Features

  • Courtyard
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$79,537

Year Built

2016

Lot Details

0

HOA Fees

$370 per month

Parking

3

Listing Details

  • Zoning: HR
  • Subclass: Single Family Home
  • Style: Contemporary, Custom, Mediterranean
  • Age: 4
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 15
  • Structure Sq Ft: 7638
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2016

Interior Features

  • Family Room: Kitchen / Family Room Combo, Separate Family Room
  • Fireplace: Family Room, Gas Starter, Living Room, Primary Bedroom, Outside
  • Dining Room: Breakfast Bar, Breakfast Nook, Breakfast Room, Dining Area, Dining Bar, Eat In Kitchen, 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
  • Fireplace: Yes
  • Living Sq Ft: 7638
  • Stories: 3
  • Security: Controlled / Secured Access, Fire Alarm, Fire System - Sprinkler, Panic Alarm, Security Fence, Security Lights, Video / Audio System
  • Bedrooms: Ground Floor Bedroom, Primary Suite / Retreate - 2+, More Than One Bedroom On Ground Floor, Walk-In Closet
  • Laundry: Dryer, In Utility Room, Washer
  • Flooring: Carpet, Hardwood, Marble, Tile
  • Additional Rooms: Artist Studio, Basement - Finished, Bonus / Hobby Room, Den / Study / Office, Formal Entry, Great Room, Laundry Room, Media / Home Theater, Mud Room, Office Area, Safe / Panic / Room, Wine Cellar / Storage
  • Fireplaces Min: 5
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Full On Ground Floor, Half On Ground Floor, Marble, Primary - Tub With Jets, Oversized Tub, Shower And Tub, Stall Shower - 2+, Tub With Jets

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Yes
  • Roof: Clay, Tile
  • View: Canyon, City Lights, Garden / Greenbelt, Hills, Mountains, Neighborhood, Valley
  • Yard/Grounds: Back Yard, Bbq Area, Courtyard, Dog Run / Kennel, Fenced, Fire Pit, Sprinklers - Auto, Sprinklers - Lawn
  • Fencing: Fenced Back
  • Property Faces: Northwest
  • Pool: Cabana / Dressing Room, Heated - Solar, Pool - Black Bottom, Pool - Cover, Pool - Fenced, Pool - Heated, Pool - In Ground, Pool - Solar, Pool / Spa Combo, Spa - Cover
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 6
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage, Electric Car Hookup, Gate / Door Opener, On Street, Parking Area, Tandem Parking

Utilities

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

Condo/Co-op/Association

  • Complex Name: The Highlands of Los Gatos
  • HOA Fees: 370
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Insurance - Common Area, Maintenance - Common Area
  • HOA Exist: Yes
  • H O A Name Text: Davidon Fine Homes

Association/Amenities

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

Schools

  • School District: Campbell Union High
  • Elementary School: Alta Vista Elementary
  • Middle School: Union Middle
  • High School: Leigh High
  • High School: 240
  • Elementary School: 214
  • Middle School: 229

Lot Info

  • Lot Description: Grade - Gently Sloped, Grade - Mostly Level, Views
  • Lot Acres: 1.5042
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 65521.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 65521.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Energy Star Appliances, Insulation - Floor, Solar Heating - Pool, Solar Power, Tankless Water Heater, Thermostat Controller, Walls Insulated

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2020
Closed on
Jul 13, 2020
Sold by
Merritt Douglas and Merritt Christine
Bought by
Zutshi Naveen and Zutshi Anupama
Seller's Agent
Joe Piazza
Coldwell Banker Realty
Buyer's Agent
Kiran Bedi
Bayview Residential Brokerage
List Price
$6,588,000
Sold Price
$5,975,888
Premium/Discount to List
-$612,112
-9.29%
Current Estimated Value
$8,635,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,659,273
Avg. Annual Appreciation
7.52%
Original Mortgage
$3,860,000
Interest Rate
2.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2016
Sold by
Davidon Homes
Bought by
2012 Merritt Family Revocable Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.71%
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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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 Naveen $5,976,000 Stewart Title Of Ca Inc
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 $2,681,000
Closed Zutshi Naveen $3,860,000
Previous Owner Merritt Douglas $2,000,000
Previous Owner 2012 Merritt Family Revocable Living Tru $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2020 08/06/20 Sold $5,975,888 -5.0% $782 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
07/07/2020 07/07/20 Price Changed $6,288,888 -4.5% $823 / Sq Ft
06/20/2020 06/20/20 For Sale $6,588,000 -- $863 / 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

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Map

Source: MLSListings

MLS Number: ML81797633

MLSListings

APN: 527-09-024