NOT LISTED FOR SALE

Estimated Value: $4,206,000 - $4,750,000

5 Beds
3 Baths
2,659 Sq Ft
$1,667/Sq Ft Est. Value

Last Sold September 16, 2019

Last sale price $3,150,000 $1,185 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $26,625/month

113 Days on Market

Highlights

  • Formal Dining Room
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Louise Van Meter Elementary School Rated A
  • Guest Parking
  • Separate Family Room

About This Home

As of September 2019

Stunning Craftsman Style Home. The Consummate California Lifestyle - Indoor and Outdoor Living Year Round. 5 Bedrooms and 3 full bathrooms. High quality appointments throughout. Spacious and open floor plan with a warm and inviting family feel. Easy entertaining flow for all occasions. Convenient location to top-rated schools, downtown Los Gatos with fine dining and boutique shopping. Easy access to commute thoroughfares leading to all Silicon Valley and San Francisco, beaches in Santa Cruz County.

Last Agent to Sell the Property

Karen McDermott

Compass License #01142492 Listed on: 02/05/2019

Compass

Last Buyer's Agent

Chuck Nunnally

KW Bay Area Estates Saratoga License #00588459

KW Bay Area Estates Saratoga

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,499

Year Built

  • Built in 2005

Lot Details

  • 0.28 Acre Lot
  • Zoning described as R18A

Parking

  • 2 Car Detached Garage
  • Guest Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,659 Sq Ft Home
  • 2-Story Property
  • Separate Family Room
  • Living Room with Fireplace
  • Formal Dining Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 529-20-064

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,499

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 14
  • Listing Class: Residential
  • Structure Sq Ft: 2659
  • Year Built: 2005
  • Zoning Description: R18A
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Living Room
  • Dining Room: Formal Dining Room
  • Living Sq Ft: 2659
  • Stories: 2
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage, Guest / Visitor Parking

Utilities

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

Schools

  • School District: Los Gatos-Saratoga Joint Union High

Lot Info

  • Parcel Number: 529-20-064
  • Lot Acres: 0.2820
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12283.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12283.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2020
Sold by
Narwal Lakhwinder and Narwal Elizabeth A
Bought by
Narwal Family Trust and Narwal
Current Estimated Value
$4,433,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,635,000
Outstanding Balance
$1,457,528
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,975,560

Purchase Details

Listed on
Feb 5, 2019
Closed on
Aug 23, 2019
Sold by
Bandy Jessica
Bought by
Narwal Lakhwinder and Narwal Elizabeth
Seller's Agent
Karen McDermott
Compass
Buyer's Agent
Chuck Nunnally
KW Bay Area Estates Saratoga
List Price
$3,395,000
Sold Price
$3,150,000
Premium/Discount to List
-$245,000
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
Original Mortgage
$2,500,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 6, 2017
Closed on
Aug 21, 2017
Sold by
Bandy Kevin F
Bought by
Bandy Jessica
Seller's Agent
Ducky Grabill
Christie's International Real Estate Sereno
Buyer's Agent
Karen McDermott
Compass
List Price
$2,998,000
Sold Price
$3,130,000
Premium/Discount to List
$132,000
4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.32%
Original Mortgage
$1,250,000
Interest Rate
2.85%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 6, 2017
Closed on
Aug 15, 2017
Sold by
Covell Shawn A
Bought by
Bandy Jessica
Seller's Agent
Ducky Grabill
Christie's International Real Estate Sereno
Buyer's Agent
Karen McDermott
Compass
List Price
$2,998,000
Sold Price
$3,130,000
Premium/Discount to List
$132,000
4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
2.85%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 1, 2016
Closed on
Sep 20, 2016
Sold by
Gaston Roger C and Gastor Suzanne
Bought by
Covell Shawn A
Seller's Agent
Amy McCafferty
Compass
Buyer's Agent
Angie Markolefas
Berkshire Hathaway HomeServices Drysdale Prop
List Price
$2,970,000
Sold Price
$2,950,000
Premium/Discount to List
-$20,000
-0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.58%
Original Mortgage
$1,500,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 7, 2015
Closed on
Aug 11, 2015
Sold by
Siegel Jeffrey
Bought by
Gaston Roger C and Gaston Suzanne
Seller's Agent
Michael Riese
Christie's International Real Estate Sereno
Buyer's Agent
Ron Mason
Coldwell Banker Realty
List Price
$2,920,000
Sold Price
$2,880,000
Premium/Discount to List
-$40,000
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.13%
Original Mortgage
$2,000,000
Interest Rate
3.19%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 18, 2014
Sold by
Siegel Jeffrey M
Bought by
Siegel Jeffrey

Purchase Details

Closed on
Sep 18, 2013
Sold by
Richter Jessica
Bought by
Siegel Jeffrey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2005
Sold by
Rasmussen Christopher Robert and Rasmussen Cheryl Lynn
Bought by
Rasmussen Christopher Robert and Rasmussen Cheryl Lynn

Purchase Details

Closed on
Dec 22, 1999
Sold by
Sparacino Lillian Trustee
Bought by
Rasmussen Christopher Robert and Rasmussen Cheryl Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.68%
Mortgage Type
Stand Alone First
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
Narwal Family Trust -- Nationallink
Narwal Lakhwinder $3,200,000 Old Republic Title Company
Bandy Jessica -- Stewart Title Of Ca Inc
Bandy Jessica $3,130,000 Stewart Title Of Ca Inc
Covell Shawn A $2,950,000 Orange Coast Title Co Norcal
Gaston Roger C $2,880,000 Chicago Title Company
Siegel Jeffrey -- None Available
Siegel Jeffrey M -- Cornerstone Title Company
Rasmussen Christopher Robert -- North American Title Company
Rasmussen Christopher Robert $535,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Narwal Family Trust $1,635,000
Previous Owner Narwal Lakhwinder $2,500,000
Previous Owner Bandy Jessica $1,250,000
Previous Owner Bandy Jessica $250,000
Previous Owner Covell Shawn A $1,500,000
Previous Owner Gaston Roger C $2,000,000
Previous Owner Siegel Jeffrey M $1,200,000
Previous Owner Rasmussen Christopher Robert $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2019 09/16/19 Sold $3,150,000 -7.2% $1,185 / Sq Ft
05/30/2019 05/30/19 Pending -- -- --
02/05/2019 02/05/19 For Sale $3,395,000 +8.5% $1,277 / Sq Ft
09/13/2017 09/13/17 Sold $3,130,000 +4.4% $1,215 / Sq Ft View Prior Sale
09/06/2017 09/06/17 Pending -- -- --
09/06/2017 09/06/17 For Sale $2,998,000 +1.6% $1,163 / Sq Ft
10/07/2016 10/07/16 Sold $2,950,000 -0.7% $1,014 / Sq Ft View Prior Sale
09/02/2016 09/02/16 Pending -- -- --
08/23/2016 08/23/16 For Sale $2,970,000 0.0% $1,021 / Sq Ft
08/19/2016 08/19/16 Pending -- -- --
08/01/2016 08/01/16 For Sale $2,970,000 +3.1% $1,021 / Sq Ft
08/18/2015 08/18/15 Sold $2,880,000 -1.4% $990 / Sq Ft View Prior Sale
07/18/2015 07/18/15 Pending -- -- --
06/07/2015 06/07/15 For Sale $2,920,000 -- $1,004 / 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 $40,499 $3,559,426 $2,351,337 $1,208,089
2024 $40,499 $3,489,634 $2,305,233 $1,184,401
2023 $38,585 $3,311,211 $2,260,033 $1,051,178
2022 $38,328 $3,246,286 $2,215,719 $1,030,567
2021 $37,741 $3,182,634 $2,172,274 $1,010,360
2020 $37,088 $3,150,000 $2,150,000 $1,000,000
2019 $37,800 $3,192,600 $2,244,000 $948,600
2018 $37,294 $3,130,000 $2,200,000 $930,000
2017 $35,909 $2,950,000 $2,050,000 $900,000
2016 $34,790 $2,880,000 $2,000,000 $880,000
2015 $31,600 $2,577,400 $2,090,200 $487,200
2014 $28,686 $2,322,000 $1,883,100 $438,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81752916

MLSListings

APN: 529-20-064