NOT LISTED FOR SALE

Estimated Value: $3,784,000 - $5,998,000

0.34 Acre
$14,588,834 Price per Acre
14,828 Sq Ft Lot

Sale Details

Date Sold: July 27, 2021

Last sale price $3,250,000 $1,414 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $29,373 / mo

13 Days on Market

Highlights

  • Chain Link Fence
  • Louise Van Meter Elementary School Rated A
  • Level Lot

About This Lot

As of July 2021

Fantastic building, living, & investment opportunity on one of the most desirable streets in Los Gatos with close proximity to schools, shops, dining & downtown. The thoughtfully designed proposed main residence and ADU are perfectly suited for the spacious and flat .34 acre lot. This project is shovel-ready with plans and permits approved and ready to be issued for the main residence with 5,215 SQFT of living space and an additional 1,193 SQFT ADU. Contemporary design with open floor plan featuring 5 bedrooms plus dedicated office and flexible media/music rooms plus 2 bed, 1 bath ADU/pool house. Designer backyard includes a covered patio, barbeque island, pool, spa and spacious lawn. Every consideration has been made to optimize living and outdoor spaces to enjoy the best of California living. Los Gatos High School, Fisher Middle School, & Van Meter Elementary (buyer to verify). Sale includes the lot (APN: 529-20-011) as well as plans and the permits which have been issued thus far.

Last Agent to Sell the Property

Chad West Myers

Rinu Real Estate License #01914903 Listed on: 06/24/2021

Last Buyer's Agent

Kris Kamali

Coldwell Banker Realty License #01791634

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 14,828 Sq Ft Lot
  • Chain Link Fence
  • Level Lot

Additional Features

  • Electricity Available at Street
  • Gas Available at Street

Property Details

Property Type

Land

Lot Details

0.34 Acres

Listing Details

  • Zoning: R18A
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Present Use: Bare Land
  • Development Status: Approved Building Plan, Building Permits Issued, Have Building Plans
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Chain Link, Fenced, Mixed Height / Type

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 262

Lot Info

  • Lot Description: Grade - Level, Regular
  • Lot Acres: 0.3404
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 14828.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 14828.00
  • Parcel Access: City Street, Paved Road

Multi Family

  • Utilities: Electricity - Available At Street, Gas - Available At Street

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Jul 17, 2021
Sold by
Kamiage Natsuko
Bought by
Hoang Henry
Seller's Agent
Chad West Myers
Rinu Real Estate
Buyer's Agent
Kris Kamali
Coldwell Banker Realty
List Price
$3,198,000
Sold Price
$3,250,000
Premium/Discount to List
$52,000
1.63%
Current Estimated Value
$4,966,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,716,039
Avg. Annual Appreciation
9.34%

Purchase Details

Closed on
May 1, 2018
Sold by
Fry William Randolph
Bought by
Narkeviclute Alste and Uribe Carlos Gomez

Purchase Details

Closed on
Dec 13, 2010
Sold by
Ericson Robert D and Ericson Laura N
Bought by
Fry William Randolph

Purchase Details

Closed on
Aug 1, 2005
Sold by
Ericson Robert D and Ericson Laura N
Bought by
Ericson Robert D and Ericson Laura N

Purchase Details

Closed on
Dec 3, 2002
Sold by
Ericson Robert D and Ericson Laura N
Bought by
Ericson Robert D and Ericson Laura N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2001
Sold by
Ericson Robert D and Ericson Laura N
Bought by
Ericson Robert D and Ericson Laura N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2001
Sold by
Ericson Robert D and Ericson Laura N
Bought by
Ericson Robert D and Ericson Laura N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 1999
Sold by
Ericson Robert D and Ericson Laura N
Bought by
Ericson Robert D and Ericson Laura N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.32%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 10, 1998
Sold by
Ericson Robert D and Ericson Laura N
Bought by
Ericson Robert D and Ericson Laura N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 1994
Sold by
Ericson Robert D and Ericson Laura N
Bought by
Ericson Robert D and Ericson Laura N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hoang Henry -- Chicago Title Company
Hoang Henry $3,250,000 Chicago Title Company
Narkeviclute Alste $2,450,000 Stewart Title Of California
Fry William Randolph -- Fidelity National Title Co
Ericson Robert D -- First American Title Company
Ericson Robert D -- Chicago Title
Ericson Robert D -- --
Ericson Robert D -- Fidelity National Title Co
Ericson Robert D -- Fidelity National Title Co
Ericson Robert D -- Fidelity National Title Co
Ericson Robert D -- Fidelity National Title Co
Ericson Robert D -- Fidelity National Title Co
Ericson Robert D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ericson Robert D $800,000
Previous Owner Ericson Robert D $750,000
Previous Owner Ericson Robert D $80,000
Previous Owner Ericson Robert D $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2021 07/27/21 Sold $3,250,000 +1.6% $1,414 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $3,198,000 -- $1,392 / Sq Ft
Source: MLSListings

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 $38,695 $4,496,346 $3,448,926 $1,047,420
2024 $38,695 $3,381,300 $3,381,300 --
2023 $39,161 $3,315,000 $3,315,000 $0
2022 $38,807 $3,250,000 $3,250,000 $0
2021 $31,275 $2,575,387 $2,575,387 $0
2020 $30,726 $2,548,980 $2,548,980 $0
2019 $30,311 $2,499,000 $2,499,000 $0
2018 $17,887 $1,415,923 $1,415,923 $0
2017 $17,835 $1,388,160 $1,388,160 $0
2016 $20,176 $1,600,499 $1,360,942 $239,557
2015 $20,026 $1,576,459 $1,340,500 $235,959
2014 $19,703 $1,545,579 $1,314,242 $231,337
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81850639

MLSListings

APN: 529-20-011

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