NOT LISTED FOR SALE

17317 Lotus Way Morgan Hill, CA 95037

Estimated Value: $1,513,000 - $1,989,000

5 Beds
4 Baths
2,666 Sq Ft
$645/Sq Ft Est. Value

Last Sold August 25, 2022

Last sale price $1,500,000 $563 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $10,823/month

66 Days on Market

Highlights

  • English Cottage Architecture
  • Family Room with Fireplace
  • Wood Flooring
  • Ann Sobrato High School Rated A
  • Jetted Soaking Tub in Primary Bathroom
  • High Ceiling

About This Home

As of August 2022

-$305,000 Price Improvement Seller looking for offers this week end due to 1031 Exchange. Multigenerational property or GREAT investment - 2 houses on one lot. Main house is at the back of the property with 4 large bedrooms and 3 full baths with oversized 2 car garage w/ tranquil backyard. Front house is a large1 bedroom and 1 full bath with an oversized 1 car garage and own laundry. Both units have just been beautifully updated. New bathroom cabinets and Granite counters throughout. Many new appliances. RARE opportunity to have a family compound or live in one unit and rent the other. Many possibilities. This is a MUST SEE Property.

Last Agent to Sell the Property

Leonette Stafford

Realty World People to People License #01788834 Listed on: 06/02/2022

Realty World People to People

Last Buyer's Agent

Linda Rodgers

Intero Real Estate Services License #00712238

Intero Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,385

Year Built

  • 1996

Lot Details

  • 10,319 Sq Ft Lot
  • East Facing Home
  • Wood Fence
  • Level Lot
  • Sprinklers on Timer
  • Back Yard Fenced

Parking

  • 3 Car Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • English Cottage Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco
  • Stone

Interior Spaces

  • 2,666 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Formal Entry
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Self-Cleaning Oven
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 4 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Sinks
  • Dual Flush Toilets
  • Low Flow Toliet
  • Jetted Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Built-In Barbecue
  • Barbecue Area

Additional Homes

  • Accessory Dwelling Unit (ADU)

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,385

Year Built

1996

Lot Details

0

Parking

3

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Style: Country English
  • Age: 26
  • Listing Class: Residential
  • Structure Sq Ft: 2666
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1996

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Living Room
  • Dining Room: Breakfast Bar, Breakfast Nook, Eat In Kitchen
  • Kitchen: 220 Volt Outlet, Built-In Bbq Grill, Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven - Built-In, Oven - Self Cleaning, Oven Range - Gas, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 2666
  • Stories: 1
  • Bedrooms: More Than One Bedroom On Ground Floor, More Than One Primary Bedroom On Ground Floor
  • Laundry: Electricity Hookup (220V), Gas Hookup, Inside, Washer / Dryer
  • Flooring: Carpet, Hardwood, Laminate, Tile
  • Additional Rooms: Formal Entry, Laundry Room
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Dual Flush Toilet, Full On Ground Floor, Granite, Oversized Tub, Primary - Oversized Tub, Primary - Stall Shower(s), Primary - Tub With Jets, Shower And Tub, Showers Over Tubs - 2+

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Bbq Area, Sprinklers - Auto
  • Fencing: Fenced Back, Wood
  • Property Faces: East
  • Construction Type: Stone, Stucco, Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 4
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage, Gate / Door Opener, On Street, Parking Area

Utilities

  • Cooling System: Ceiling Fan, Central Ac
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet

Schools

  • School District: Morgan Hill Unified
  • Middle School: Martin Murphy Middle
  • High School: Ann Sobrato High
  • High School: 1080
  • Middle School: 306

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2369
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10320.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10320.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: ADU Attached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2022
Closed on
Aug 22, 2022
Sold by
Desimone Joseph C and Desimone Jean M
Bought by
Gopalan Chakravarthy and Raman Sandhya
Seller's Agent
Leonette Stafford
Realty World People to People
Buyer's Agent
Linda Rodgers
Intero Real Estate Services
List Price
$1,799,999
Sold Price
$1,500,000
Premium/Discount to List
-$299,999
-16.67%
Views
2
Current Estimated Value
$1,720,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,517
Avg. Annual Appreciation
4.66%
Original Mortgage
$1,200,000
Outstanding Balance
$1,138,512
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$582,005

Purchase Details

Closed on
Oct 31, 2005
Sold by
The De Simone Family Trust and Desimone Joseph C
Bought by
Desimone Joseph C and Desimone Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2005
Sold by
Desimone Joseph C and Desimone Jean M
Bought by
Desimone Joseph C and Desimone Jean M

Purchase Details

Closed on
Apr 25, 2003
Sold by
Tarkon David Paul and Tarkon Jovita Antonio
Bought by
Desimone Joseph C and Desimone Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 1996
Sold by
Mussallem Greg L and Mussallem Patricia
Bought by
Tarkon David Paul and Tarkon Jovita Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,250
Interest Rate
5.87%
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
Gopalan Chakravarthy $1,500,000 Fidelity National Title
Desimone Joseph C -- Financial Title Company
Desimone Joseph C -- --
Desimone Joseph C $660,000 Commonwealth Land Title
Tarkon David Paul $379,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gopalan Chakravarthy $1,200,000
Previous Owner Desimone Joseph C $523,454
Previous Owner Desimone Joseph C $550,000
Previous Owner Desimone Jean M $96,670
Previous Owner Desimone Joseph C $495,000
Previous Owner Tarkon David Paul $240,500
Previous Owner Tarkon David Paul $420,000
Previous Owner Tarkon David Paul $30,000
Previous Owner Tarkon David Paul $326,000
Previous Owner Tarkon David Paul $284,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2022 08/25/22 Sold $1,500,000 +0.3% $563 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $1,495,000 -10.7% $561 / Sq Ft
07/06/2022 07/06/22 Price Changed $1,675,000 -4.3% $628 / Sq Ft
06/22/2022 06/22/22 Price Changed $1,749,999 -2.8% $656 / Sq Ft
06/02/2022 06/02/22 For Sale $1,799,999 -- $675 / 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 $17,385 $1,560,600 $1,076,814 $483,786
2024 $17,385 $1,530,000 $1,055,700 $474,300
2023 $17,160 $1,500,000 $1,035,000 $465,000
2022 $10,444 $900,755 $341,193 $559,562
2021 $10,182 $883,094 $334,503 $548,591
2020 $9,936 $874,040 $331,074 $542,966
2019 $10,219 $856,903 $324,583 $532,320
2018 $10,251 $840,102 $318,219 $521,883
2017 $10,155 $823,630 $311,980 $511,650
2016 $9,511 $807,481 $305,863 $501,618
2015 $9,410 $795,353 $301,269 $494,084
2014 $8,632 $704,000 $266,700 $437,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81894619

MLSListings

APN: 726-09-014