NOT LISTED FOR SALE

18644 Favre Ridge Rd Los Gatos, CA 95033

Estimated Value: $1,681,000 - $1,889,000

2 Beds
2.5 Baths
3,074 Sq Ft
$586/Sq Ft Est. Value

Last Sold May 24, 2016

Last sale price $1,300,000 $423 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $11,444/month

22 Days on Market

Highlights

  • Wine Cellar
  • Vaulted Ceiling
  • 2 Fireplaces
  • Lakeside Elementary School Rated A
  • Wood Flooring
  • Granite Countertops

About This Home

As of May 2016

Lovely Las Cumbres Home w/ Fabulous Monterey Bay Views.This beautiful property boasts a view of all of Monterey Bay, gentle rolling mountains & dramatic canyons from almost every room in the home.This 3074+/- SF home offers 2 lrg bedrooms,2 full baths,1 half bath,a spacious,open,remodeled kitchen w/granite counter tops & plenty of built in cabinet storage. Additional amenities include hardwood, slate and new carpeted floors throughout, a family room off the kitchen, a lrg open living rm both w/cathedral ceilings & sep dining room that overlooks the living room & out to amazing views.The 1 ac +/- property, also includes 2 car carport,3 car garage w/ 2nd story unfinished rm,which could be possible 3rd bdrm, guest unit,workshop or ???Enjoy breathtaking views from lrg back decks,where nightly summer,family gatherings are sure to become a tradition.Also,enjoy your evening while watching dramatic sunsets from the living rm,dining rm or master bedrm.Award winning Lakeside & L.G. schools.

Last Agent to Sell the Property

Marisa Thompson

Christie's International Real Estate Sereno License #70010887 Listed on: 04/05/2016

Christie's International Real Estate Sereno

Last Buyer's Agent

Suzanna Fellows

Coldwell Banker Realty License #01899691

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,252

Year Built

  • Built in 1992

Lot Details

  • 1.01 Acre Lot
  • Zoning described as R-1-1AC

Parking

  • 3 Car Garage
  • 2 Carport Spaces
  • Workshop in Garage
  • Off-Street Parking

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 3,074 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Wine Cellar
  • Separate Family Room
  • Formal Dining Room
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Slate Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Utilities

  • Forced Air Heating System
  • Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 088-271-05-000

Community Details

Overview

  • Property has a Home Owners Association
  • Las Cumbres Association
  • Built by Las Cumbres
  • Greenbelt

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,252

Year Built

Built in 1992

Lot Details

0

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Restrictions: Age - No Restrictions, Pets - Allowed
  • Age: 24
  • Listing Class: Residential
  • Structure Sq Ft: 3074
  • Complex Name: Las Cumbres
  • Incorporated: Yes
  • Year Built: 1992
  • Zoning Description: R-1-1AC
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Breakfast Bar, Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Garbage Disposal, Microwave, Oven - Double, Refrigerator
  • Living Sq Ft: 3074
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Slate
  • Additional Rooms: Wine Cellar / Storage
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Garage Spaces: 3
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage, Carport, Off-Street Parking, Room for Oversized Vehicle, Workshop in Garage
  • Carport Min: 2

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Existing Septic

Condo/Co-op/Association

  • HOA Fees: 200
  • HOA Amenities: Community Pool, Garden / Greenbelt / Trails, Playground, Tennis Court / Facility
  • H O A Name Text: Las Cumbres
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Vaulted Ceiling, Walk-in Closet

Schools

  • School District: Los Gatos-Saratoga Joint Union High
  • Elementary School: Lakeside Elementary
  • High School: Los Gatos High
  • High School: 262
  • Elementary School: 125

Lot Info

  • Parcel Number: 088-271-05-000
  • Lot Acres: 1.0150
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 44213.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 44213.00

Multi Family

  • Utilities: Propane On Site

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2016
Closed on
May 18, 2016
Sold by
Detro Michael Charles
Bought by
Bodine Franklin and Bodine Mingi
Seller's Agent
Marisa Thompson
Christie's International Real Estate Sereno
Buyer's Agent
Suzanna Fellows
Coldwell Banker Realty
List Price
$1,425,000
Sold Price
$1,300,000
Premium/Discount to List
-$125,000
-8.77%
Current Estimated Value
$1,811,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$511,815
Avg. Annual Appreciation
3.61%
Original Mortgage
$1,040,000
Outstanding Balance
$830,501
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$972,008

Purchase Details

Closed on
Feb 21, 1996
Sold by
Detro Cheryl Ada
Bought by
Detro Michael Charles
Source: Public Records

Range of Values:

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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
Bodine Franklin $1,300,000 Old Republic Title Company
Detro Michael Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bodine Franklin $1,040,000
Previous Owner Detro Michael Charles $407,300
Previous Owner Detro Michael Charles $75,000
Previous Owner Detro Michael Charles $417,000
Previous Owner Detro Michael $250,000
Previous Owner Detro Michael Charles $150,000
Previous Owner Detro Michael Charles $391,000
Previous Owner Detro Michael Charles $35,000
Previous Owner Detro Michael Charles $35,000
Previous Owner Detro Michael Charles $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2016 05/24/16 Sold $1,300,000 -8.8% $423 / Sq Ft
04/28/2016 04/28/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $1,425,000 -- $464 / 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 $17,252 $1,538,937 $1,000,309 $538,628
2023 $16,841 $1,479,178 $961,466 $517,712
2022 $16,978 $1,450,175 $942,614 $507,561
2021 $16,583 $1,421,740 $924,131 $497,609
2020 $16,435 $1,407,162 $914,655 $492,507
2019 $15,898 $1,379,571 $896,721 $482,850
2018 $15,645 $1,352,520 $879,138 $473,382
2017 $15,568 $1,326,000 $861,900 $464,100
2016 $7,435 $619,265 $199,052 $420,213
2015 $7,287 $609,963 $196,062 $413,901
2014 $7,156 $598,014 $192,221 $405,793
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81578743

MLSListings

APN: 088-271-05-000