NOT LISTED FOR SALE

16363 Ridgecrest Ave Monte Sereno, CA 95030

Estimated Value: $7,763,000 - $10,190,832

6 Beds
5.5 Baths
6,112 Sq Ft
$1,512/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $11,800,000 $1,931 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $60,430/month

24 Days on Market

Highlights

  • Solar Heated Pool and Spa
  • New Construction
  • Mountain View
  • Saratoga Elementary School Rated A
  • 1.05 Acre Lot
  • Deck

About This Home

As of October 2023

This modern Monte Sereno estate, spanning 6112 sqft on 1+ acres, showcases luxurious craftsmanship and new construction. Sustainable stone and wood details adorn the interior, blending well with the expansive grounds. Upscale amenities like an infinity pool, lanai, 3-car garage, and resort-style landscaping elevate the property. Nestled in the foothills, it offers captivating views, easy access to highways, downtown, and top-tier schools. The 3-level interior features a great room with glass walls, a private office, a family room with a premium entertainment setup, a dual island gourmet kitchen with Miele Pro range, a wine cellar, and 6 bedrooms with 5.5 baths, including an exceptional primary suite for an extraordinary lifestyle.

Last Agent to Sell the Property

Stilla Raissi

Coldwell Banker Realty License #01720940 Listed on: 09/05/2023

Coldwell Banker Realty

Last Buyer's Agent

Laura McCarthy

Golden Gate Sotheby's International Realty License #01895605

Golden Gate Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $136,724

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 1.05 Acre Lot
  • Sprinklers on Timer
  • Back Yard
  • Zoning described as R44

Parking

  • 3 Car Garage
  • Electric Vehicle Home Charger

Home Design

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

Interior Spaces

  • 6,112 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • Dining Area
  • Wood Flooring
  • Mountain Views
  • Smart Home

Kitchen

  • Open to Family Room
  • Double Oven
  • Range Hood
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Flush Toilets
  • Low Flow Toliet
  • Bathtub with Shower
  • Low Flow Shower

Eco-Friendly Details

  • Solar Heating System

Outdoor Features

  • Solar Heated Pool and Spa
  • Balcony
  • Deck

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 510-21-069

Home Details

Home Type

Single Family

Est. Annual Taxes

$136,724

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Estimated Completion Date: 10/01/2023
  • Listing Class: Residential
  • Structure Sq Ft: 6112
  • Construction: New Construction
  • Year Built: 2023
  • Zoning Description: R44
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo, Separate Family Room
  • Fireplace: Family Room, Gas Burning
  • Dining Room: Dining Area
  • Kitchen: Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Oven - Double, Oven Range - Built-In, Gas, Pantry, Refrigerator
  • Living Sq Ft: 6112
  • Stories: 3
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 6
  • Minimum Numberof Bedrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Bathroom: Dual Flush Toilet, Full on Ground Floor, Half on Ground Floor, Shower and Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Pool - Solar, Pool / Spa Combo
  • Roof: Metal
  • View: Mountains
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Sprinklers - Auto
  • Pool: Yes
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage
  • Electric Vehicle Hookup Type: Electric Vehicle Hookup Level 2 (240 volts)

Utilities

  • Cooling System: Central AC, Multi-Zone
  • Heating System: Central Forced Air, Fireplace, Solar
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-in Closet

Schools

  • School District: Los Gatos-Saratoga Joint Union High
  • Elementary School: Saratoga Elementary
  • Middle School: Redwood Middle
  • High School: Saratoga High
  • High School: 264
  • Elementary School: 199
  • Middle School: 198

Lot Info

  • Lot Description: Views
  • Parcel Number: 510-21-069
  • Lot Acres: 1.0460
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 45564.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 45564.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Low Flow Shower, Low Flow Toilet, Smart Home System, Solar Heating - Pool

Multi Family

  • Utilities: Public Utilities

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2023
Closed on
Oct 5, 2023
Sold by
Banda Sumanth and Banda Pavani
Bought by
Mojodojo Llc
Seller's Agent
Stilla Raissi
Coldwell Banker Realty
Buyer's Agent
Laura McCarthy
Golden Gate Sotheby's International Realty
List Price
$11,800,000
Sold Price
$11,800,000
Total Days on Market
24
Views
46
Current Estimated Value
$9,239,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,560,056
Avg. Annual Appreciation
-14.26%

Purchase Details

Listed on
Jun 14, 2021
Closed on
Aug 5, 2021
Sold by
Shaked Ofer and Shaked Lilach
Bought by
Banda Sumanth and Reddy Pavani
Seller's Agent
Trisha Tuyen Ho
Santana Real Estate
Buyer's Agent
Stilla Raissi
Coldwell Banker Realty
List Price
$3,098,000
Sold Price
$3,115,000
Premium/Discount to List
$17,000
0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
85.26%
Original Mortgage
$2,415,000
Interest Rate
2.14%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 21, 2020
Closed on
Aug 6, 2020
Sold by
Garber James J
Bought by
Shaked Ofer and Shaked Lilach
Seller's Agent
Nevis and Ardizzone Team
Compass
Buyer's Agent
Trisha Tuyen Ho
Santana Real Estate
List Price
$2,590,000
Sold Price
$2,250,000
Premium/Discount to List
-$340,000
-13.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.00%

Purchase Details

Closed on
Oct 26, 2016
Sold by
Garber James J
Bought by
Garber James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 12, 2013
Sold by
Bates Virginia T and Garber James J
Bought by
Garber James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.98%
Mortgage Type
New Conventional
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
Mojodojo Llc $11,800,000 First American Title
Banda Sumanth $3,115,000 Fidelity National Title Co
Shaked Ofer $2,250,000 Old Republic Title Company
Garber James J -- Old Republic Title Company
Garber James J -- First American Title Company
Bates Virginia T $208,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banda Sumanth $2,000,000
Previous Owner Banda Sumanth $2,415,000
Previous Owner Garber James J $325,000
Previous Owner Bates Virginia T $417,000
Previous Owner Bates Virginia T $150,000
Previous Owner Bates Virginia T $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2023 10/27/23 Sold $11,800,000 0.0% $1,931 / Sq Ft
09/29/2023 09/29/23 Pending -- -- --
09/05/2023 09/05/23 For Sale $11,800,000 +278.8% $1,931 / Sq Ft
08/30/2021 08/30/21 Sold $3,115,000 +0.5% $1,842 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $3,098,000 +37.7% $1,832 / Sq Ft
08/27/2020 08/27/20 Sold $2,250,000 -13.1% $1,331 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $2,590,000 -- $1,532 / 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
2024 $136,724 $11,800,000 $10,000,000 $1,800,000
2023 $85,525 $7,276,300 $3,126,300 $4,150,000
2022 $37,225 $3,115,000 $3,065,000 $50,000
2021 $27,276 $2,250,000 $2,200,000 $50,000
2020 $4,596 $314,541 $138,345 $176,196
2019 $4,510 $308,375 $135,633 $172,742
2018 $4,416 $302,329 $132,974 $169,355
2017 $4,373 $296,402 $130,367 $166,035
2016 $4,301 $290,591 $127,811 $162,780
2015 $4,194 $286,227 $125,892 $160,335
2014 $4,088 $280,621 $123,426 $157,195
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81916507

MLSListings

APN: 510-21-069