NOT LISTED FOR SALE

Estimated Value: $6,872,000 - $9,702,153

5 Beds
6.5 Baths
7,102 Sq Ft
$1,116/Sq Ft Est. Value

Last Sold April 25, 2017

Last sale price $4,925,000 $693 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $49,106/month

658 Days on Market

Highlights

  • Home Theater
  • Under Construction
  • 2.1 Acre Lot
  • Alta Vista Elementary School Rated A
  • City Lights View
  • Deck

About This Home

As of April 2017

New Construction, 7102 sq, ft. Northwest Contemporary custom estate home in Los Gatos. New Home Construction! Features Luxurious master suite on main level, formal living (with deck) and dining rooms, study, gourmet kitchen and family room (with deck). Lower level has 3 bedrooms, game room, recreation room, media room. Ready for immediate occupancy.

Last Agent to Sell the Property

Marc Burnstein

Davidon Homes License #00895006 Listed on: 06/01/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $71,067

Year Built

  • Built in 2015 | Under Construction

Lot Details

  • 2.1 Acre Lot

Parking

  • 3 Car Garage

Property Views

  • City Lights
  • Hills
  • Forest
  • Garden

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 7,102 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • 3 Fireplaces
  • Clean Air Certified Fireplace
  • Gas Fireplace
  • Formal Entry
  • Separate Family Room
  • Formal Dining Room
  • Home Theater
  • Den
  • Finished Basement

Kitchen

  • Gas Cooktop
  • Warming Drawer
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry Tub

Outdoor Features

  • Balcony
  • Deck
  • Barbecue Area

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Community Details

  • Property has a Home Owners Association
  • Association fees include insurance - common area, management fee
  • The Highlands Of Los Gatos Association
  • Built by The Highlands of Los Gatos
  • The community has rules related to credit or board approval

Listing and Financial Details

  • Assessor Parcel Number 527-09-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$71,067

Year Built

Built in 2015 | Under Construction

Lot Details

0

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Style: Contemporary
  • Restrictions: Board / Park Approval
  • Estimated Completion Date: 11/10/2016
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 19
  • Structure Sq Ft: 7102
  • Construction: New Construction, Under 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: Separate Family Room
  • Fireplace: Clean Air Certified, Gas Burning, Gas Starter
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Gas, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Island, Microwave, Pantry, Refrigerator, Trash Compactor, Warming Drawer, Wine Refrigerator
  • Living Sq Ft: 7102
  • Stories: 2
  • Laundry: Hookup - Washer/Dryer, Tub / Sink
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Basement - Finished, Den / Study / Office, Formal Entry, Laundry Room, Media / Home Theater
  • Fireplaces Min: 3
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Shower and Tub, Stall Shower, Sunken / Garden Tub, Tub with Jets
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Metal
  • View: City Lights, Forest / Woods, Garden / Greenbelt, Hills
  • Yard/Grounds: Balcony / Patio, BBQ Area, Deck

Garage/Parking

  • Garage Spaces: 3
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air - Gas, Fireplace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling, Wet Bar

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Parcel Number: 527-09-026
  • Lot Acres: 2.1000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 91476.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 91476.00

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

Listed on
Jun 1, 2015
Closed on
Apr 13, 2017
Sold by
Davidon Homes
Bought by
Arora Raman Rajeev and Arora Raman Arti
Seller's Agent
Marc Burnstein
Davidon Homes
Buyer's Agent
Marc Burnstein
Davidon Corporation
List Price
$5,185,000
Sold Price
$4,925,000
Premium/Discount to List
-$260,000
-5.01%
Current Estimated Value
$7,925,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,000,538
Avg. Annual Appreciation
5.90%
Original Mortgage
$3,101,250
Interest Rate
2.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Arora Raman Rajeev $4,925,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raman Family Trust $3,105,000
Closed Arora Raman Rajeev $3,101,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2017 04/25/17 Sold $4,925,000 -5.0% $693 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
10/01/2016 10/01/16 For Sale $5,185,000 +5.3% $730 / Sq Ft
10/01/2016 10/01/16 Off Market $4,925,000 -- --
03/18/2016 03/18/16 Price Changed $5,185,000 +2.4% $730 / Sq Ft
02/18/2016 02/18/16 For Sale $5,065,000 0.0% $713 / Sq Ft
02/18/2016 02/18/16 Price Changed $5,065,000 +2.8% $713 / Sq Ft
11/14/2015 11/14/15 Off Market $4,925,000 -- --
06/03/2015 06/03/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $4,995,000 -- $703 / 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 $71,067 $5,770,509 $2,553,286 $3,217,223
2024 $71,067 $5,657,363 $2,503,222 $3,154,141
2023 $69,819 $5,546,436 $2,454,140 $3,092,296
2022 $68,190 $5,437,683 $2,406,020 $3,031,663
2021 $67,129 $5,331,063 $2,358,844 $2,972,219
2020 $65,839 $5,247,880 $2,334,657 $2,913,223
2019 $64,397 $5,127,844 $2,288,880 $2,838,964
2018 $63,108 $5,027,299 $2,244,000 $2,783,299
2017 $47,956 $3,780,777 $613,217 $3,167,560
2016 $17,369 $1,375,573 $601,194 $774,379
2015 $23,205 $1,902,164 $592,164 $1,310,000
2014 $7,229 $580,565 $580,565 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81468052

MLSListings

APN: 527-09-031