NOT LISTED FOR SALE

Estimated Value: $3,043,000 - $6,966,550

3 Beds
2 Baths
1,754 Sq Ft
$3,131/Sq Ft Est. Value

Last Sold November 16, 2016

Last sale price $2,450,000 $1,397 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $34,580/month

13 Days on Market

Highlights

  • Lake View
  • 0.88 Acre Lot
  • Formal Dining Room
  • Daves Avenue Elementary School Rated A
  • Deck
  • Balcony

About This Home

As of November 2016

Views! Views! Views! Once in a lifetime, rare opportunity to own this 3 bedroom, 2 bathroom Los Gatos home featuring breathtaking views of Vasona Lake and the surrounding hills. Remodel or build your custom home on one of the most highly sought after locations in Los Gatos. Expansive 38,000+/-sf lot offers a blank canvas for your imagination. Enjoy shopping, restaurants, local events, top rated Los Gatos schools, and all the amenities that Los Gatos has to offer!!

Last Agent to Sell the Property

Mark Von Kaenel

KW Bay Area Estates License #01189869 Listed on: 10/10/2016

KW Bay Area Estates

Last Buyer's Agent

John David O'brien

KW Bay Area Estates License #01126182

KW Bay Area Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,335

Year Built

  • Built in 1948

Lot Details

  • 0.88 Acre Lot
  • Wood Fence
  • Chain Link Fence
  • Mostly Level
  • Back Yard
  • Zoning described as R120

Parking

  • 2 Car Garage
  • On-Street Parking

Property Views

  • Lake
  • Hills

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,754 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Formal Dining Room

Kitchen

  • Gas Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 424-30-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,335

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Age: 68
  • Listing Class: Residential
  • Structure Sq Ft: 1754
  • Incorporated: Yes
  • Year Built: 1948
  • Zoning Description: R120
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Dishwasher, Oven Range - Gas, Pantry, Refrigerator
  • Living Sq Ft: 1754
  • Stories: 1
  • Laundry: Hookups Only
  • Additional Rooms: Laundry Room
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Stall Shower, Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Hills, Lake
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck
  • Fencing: Chain Link, Rail, Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Septic Tank / Pump

Schools

  • School District: Los Gatos-Saratoga Joint Union High

Lot Info

  • Lot Description: Grade - Mostly Level
  • Parcel Number: 424-30-011
  • Lot Acres: 0.8800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 38333.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 38333.00

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
Apr 2, 2024
Sold by
Follmar Kenneth E and Follmar Deborah Ann
Bought by
Wang Bo and Wang Alicia Follmar
Current Estimated Value
$5,595,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,930,021
Interest Rate
5.74%
Mortgage Type
New Conventional
Estimated Equity
$661,238

Purchase Details

Listed on
Oct 10, 2016
Closed on
Nov 11, 2016
Sold by
Dubois Matthew
Bought by
Follmar Ii Kenneth E and Folmar Deborah Ann
Seller's Agent
Mark Von Kaenel
KW Bay Area Estates
Buyer's Agent
John David O'brien
KW Bay Area Estates
List Price
$2,199,000
Sold Price
$2,450,000
Premium/Discount to List
$251,000
11.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.90%
Original Mortgage
$1,960,000
Interest Rate
3.75%
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
Wang Bo $6,500,000 Chicago Title
Follmar Ii Kenneth E $2,450,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Bo $5,000,000
Previous Owner Follmar Ii Kenneth E $1,960,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2016 11/16/16 Sold $2,450,000 +11.4% $1,397 / Sq Ft
10/24/2016 10/24/16 Pending -- -- --
10/10/2016 10/10/16 For Sale $2,199,000 -- $1,254 / 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 $47,335 $7,752,000 $4,896,000 $2,856,000
2024 $47,335 $4,151,114 $2,398,364 $1,752,750
2023 $29,233 $2,538,364 $2,398,364 $140,000
2022 $31,217 $2,679,431 $2,351,338 $328,093
2021 $30,754 $2,626,894 $2,305,234 $321,660
2020 $30,244 $2,599,959 $2,281,597 $318,362
2019 $29,866 $2,548,980 $2,236,860 $312,120
2018 $29,487 $2,499,000 $2,193,000 $306,000
2017 $29,461 $2,450,000 $2,150,000 $300,000
2016 $6,295 $496,130 $208,455 $287,675
2015 $5,897 $488,678 $205,324 $283,354
2014 $5,816 $479,106 $201,302 $277,804
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81627848

MLSListings

APN: 424-30-011