NOT LISTED FOR SALE

Estimated Value: $3,195,000 - $3,631,000

4 Beds
2 Baths
2,519 Sq Ft
$1,360/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $2,512,500 $997 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $20,833/month

62 Days on Market

Highlights

  • City Lights View
  • 3.91 Acre Lot
  • Secluded Lot
  • Blossom Hill Elementary School Rated A
  • Wood Burning Stove
  • Balcony

About This Home

As of March 2021

Wonderful views looking toward Mount Hamilton. You can see Boulder Ridge Golf Course during the day and city lights at night. The living room is the highlight of the home with open beamed ceilings and large windows looking out to the deck and view. The wide hallway gives the home good flow and openness. Generously sized bedrooms, large hall bath and large laundry room/mud room that leads to the backyard off of the kitchen. Beneath the home is the garage and a ton of storage and workshop space that could be made into living space. It's a great floor plan and a great property with much potential. The property has water hydrants in various spots installed by the owner for fire safety. There is an old water tank not in use on the property, an old wood shed and an abandoned well. Why no cabinet doors? The owner was a carpenter and built it that way to his wife's liking.

Last Agent to Sell the Property

Tracy Pina

Coldwell Banker Realty License #01401384 Listed on: 12/08/2020

Coldwell Banker Realty

Last Buyer's Agent

Slava Nelson

Coldwell Banker Realty License #01363590

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,711

Year Built

  • 1974

Lot Details

  • 3.91 Acre Lot
  • Partially Fenced Property
  • Secluded Lot
  • Gentle Sloping Lot

Parking

  • 2 Car Garage

Property Views

  • Skyline
  • Ridge
  • Mountain

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,519 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Living Room with Fireplace
  • Dining Area

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower
  • Walk-in Shower

Outdoor Features

  • Balcony
  • Shed

Utilities

  • Radiant Heating System
  • Propane
  • Septic Tank

Additional Features

  • Farm Animals Allowed
  • Horses Potentially Allowed on Property

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,711

Year Built

1974

Lot Details

0

Parking

2

Listing Details

  • Zoning: A-20S
  • Subclass: Single Family Home
  • Age: 46
  • Listing Class: Residential
  • Structure Sq Ft: 2519
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1974

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Stove
  • Dining Room: Dining Area
  • Fireplace: Yes
  • Living Sq Ft: 2519
  • Stories: 1
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Primary - Stall Shower(s), Shower Over Tub - 1, Skylight

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: City Lights, Mountains, Ridge
  • Yard/Grounds: Balcony / Patio, Storage Shed / Structure
  • Horse Property: Possible
  • Fencing: Partial Fencing
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Radiant
  • Sewer/Septic System: Existing Septic

Schools

  • School District: Los Gatos-Saratoga Joint Union High
  • Elementary School: Blossom Hill Elementary
  • Middle School: Raymond J. Fisher Middle
  • High School: Los Gatos High
  • High School: 262
  • Elementary School: 139
  • Middle School: 141

Lot Info

  • Lot Description: Farm Animals (Permitted), Grade - Gently Sloped, Grade - Varies, Private / Secluded, Views
  • Lot Acres: 3.9120
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 170407.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 170407.00

Multi Family

  • Utilities: Propane On Site, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2020
Closed on
Mar 3, 2021
Sold by
Madsen Steven C and The Madsen Family Revocable Tr
Bought by
Morarenko Kirill and Morarenko Olga
Seller's Agent
Tracy Pina
Coldwell Banker Realty
Buyer's Agent
Slava Nelson
Coldwell Banker Realty
List Price
$2,400,000
Sold Price
$2,512,500
Premium/Discount to List
$112,500
4.69%
Current Estimated Value
$3,337,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$825,254
Avg. Annual Appreciation
7.71%
Original Mortgage
$2,000,000
Outstanding Balance
$1,809,079
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,674,070

Purchase Details

Closed on
May 13, 1996
Sold by
Madsen Carl B and Madsen Neva L
Bought by
Madsen Carl B and Madsen Neva L
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
Morarenko Kirill $2,512,500 Cornerstone Title Company
Madsen Carl B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morarenko Kirill $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold $2,512,500 +4.7% $997 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
12/08/2020 12/08/20 For Sale $2,400,000 -- $953 / 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 $30,711 $2,666,284 $2,334,657 $331,627
2023 $30,177 $2,614,005 $2,288,880 $325,125
2022 $29,977 $2,562,750 $2,244,000 $318,750
2021 $3,344 $270,829 $49,906 $220,923
2020 $3,207 $268,053 $49,395 $218,658
2019 $3,170 $262,798 $48,427 $214,371
2018 $3,128 $257,646 $47,478 $210,168
2017 $3,121 $252,596 $46,548 $206,048
2016 $3,035 $247,644 $45,636 $202,008
2015 $3,020 $243,925 $44,951 $198,974
2014 $2,982 $239,148 $44,071 $195,077
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81822653

MLSListings

APN: 537-16-031