NOT LISTED FOR SALE

Estimated Value: $3,485,000 - $3,826,000

4 Beds
6 Baths
2,227 Sq Ft
$1,647/Sq Ft Est. Value

Last Sold January 30, 2024

Last sale price $3,525,000 $1,583 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $22,654/month

28 Days on Market

Highlights

  • Barn
  • Cabana
  • City Lights View
  • Saratoga Elementary School Rated A
  • Solar Power System
  • 3.64 Acre Lot

About This Home

As of January 2024

Rare opportunity to own this sprawling estate just above Los Gatos with extraordinary VIEWS of Silicon Valley. Located on over 3.5 acres, this property features a 2227 sq ft main house, 793 sq ft indoor/outdoor pool house and a separate 1032 sq ft guest cottage. Just a 7 minute drive from Downtown LG and less than 3 miles from Downtown Saratoga. The main house is a Classic California Adobe estate and features 2 separate two car garages plus a carport. The guest cottage is located at the front of the property and has its own private driveway, covered parking, full kitchen, laundry room and much more. The back of the cottage has an additional barn area. **This is a once in a lifetime opportunity to remodel the existing structures or build your own custom estate.** The main house has solar power, an automatic generator. The pool has an automatic cover and the surrounding area is fully fenced. Saratoga Union Elementary and Los Gatos-Saratoga Joint Union High!

Last Agent to Sell the Property

David Montagna

Coldwell Banker Realty License #70000227 Listed on: 11/06/2023

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,009

Year Built

  • Built in 1951

Lot Details

  • 3.64 Acre Lot
  • Partially Fenced Property
  • Chain Link Fence
  • Secluded Lot
  • Mostly Level
  • Zoning described as HS-D1

Parking

  • 4 Car Garage
  • 2 Carport Spaces

Property Views

  • City Lights
  • Mountain
  • Hills
  • Forest
  • Valley

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Adobe

Interior Spaces

  • 2,227 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Dining Area
  • Utility Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Double Oven
  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Dryer

Pool

  • Cabana
  • Solar Heated In Ground Pool
  • Pool Cover
  • Pool Sweep

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • 220 Volts
  • Power Generator
  • Septic Tank

Additional Features

  • Solar Power System
  • 700 SF Accessory Dwelling Unit
  • Barn
  • Horses Potentially Allowed on Property

Community Details

  • Built by Montgomery Highlands Association

Listing and Financial Details

  • Assessor Parcel Number 510-27-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,009

Year Built

Built in 1951

Lot Details

0

Parking

4

Listing Details

  • Subclass: Single Family Home
  • Age: 72
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 700
  • Structure Sq Ft: 2227
  • Complex Name: Montgomery Highlands Association
  • Year Built: 1951
  • Zoning Description: HS-D1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Living Room, Wood Burning
  • Dining Room: Breakfast Nook, Dining Area, Eat in Kitchen
  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Dishwasher, Oven - Built-In, Oven - Double, Oven Range - Electric
  • Living Sq Ft: 2227
  • Stories: 1
  • Bedrooms: More than One Bedroom on Ground Floor, Primary Bedroom on Ground Floor
  • Laundry: Electricity Hookup (220V), In Garage, Inside, Washer / Dryer
  • Flooring: Hardwood, Tile, Wood
  • Additional Rooms: Laundry Room, Storage, Utility Room
  • Fireplaces Min: 4
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Full on Ground Floor, Shower over Tub - 1, Stall Shower - 2+, Tub
  • Fireplace: Yes

Exterior Features

  • Pool Description: Cabana / Dressing Room, Heated - Solar, Pool - Cover, Pool - In Ground, Pool - Sweep
  • Roof: Composition, Shingle
  • View: City Lights, Forest / Woods, Hills, Mountains, Valley
  • Horse Property: Possible
  • Pool: Yes
  • Fencing: Chain Link, Partial Fencing
  • Horse Property Description: Barn
  • Construction Type: Adobe, Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Garage Max: 4
  • Garage Min: 4
  • Garage Parking Features: Attached Garage, Carport, Covered Parking, Room for Oversized Vehicle
  • Carport Min: 2

Utilities

  • Cooling System: Multi-Zone
  • Heating System: Heat Pump, Individual Room Controls
  • Sewer/Septic System: Existing Septic

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Vaulted Ceiling

Schools

  • School District: Los Gatos-Saratoga Joint Union High

Lot Info

  • Lot Description: Grade - Mostly Level, Grade - Varies, Private / Secluded, Views
  • Parcel Number: 510-27-015
  • Lot Acres: 3.6400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 158558.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 158558.00

Green Features

  • Energy Features: Skylight, Solar Heating - Pool, Solar Power

Multi Family

  • Utilities: Generator, Natural Gas, Public Utilities
  • Second Unit Description: Pool House

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2015
Sold by
Cutting Jeffrey P and Cutting Susan E
Bought by
The Cutting Living Trust
Current Estimated Value
$3,668,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2014
Sold by
Cutting Living Trust
Bought by
Ma And Wang Living Trust and Ma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,553,750
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2014
Sold by
Cutting Jeffrey P and Cutting Susan E
Bought by
Cutting Jeffrey P and Cutting Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,553,750
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2014
Sold by
Boren Rita
Bought by
Cutting Susan E and Cutting Jeffrey P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.38%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 12, 2003
Sold by
Rankin Miles
Bought by
Rankin Miles

Purchase Details

Closed on
Dec 4, 2000
Sold by
Miles Rankin
Bought by
Midpeninsula Regional Open Space Dist
Source: Public Records

Range of Values:

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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
The Cutting Living Trust -- Cornerstone Title Company
Cutting Jeffrey P -- Cornerstone Title Company
Ma And Wang Living Trust $3,525,000 Cornerstone Title Company
Cutting Jeffrey P -- None Available
Cutting Susan E $2,300,000 Old Republic Title Company
Rankin Miles -- --
Midpeninsula Regional Open Space Dist -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ma And Wang Living Trust $1,000,000
Open Ma And Wang Living Trust $1,500,000
Closed Ma And Wang Living Trust $1,540,000
Previous Owner Cutting Jeffrey P $1,800,000
Previous Owner Ma And Wang Living Trust $2,553,750
Previous Owner Cutting Susan E $345,000
Previous Owner Cutting Susan E $1,840,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2024 01/30/24 Sold $3,525,000 -6.0% $1,583 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
11/06/2023 11/06/23 For Sale $3,750,000 -- $1,684 / 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 $32,009 $2,667,591 $1,069,867 $1,597,724
2024 $32,009 $2,764,190 $2,283,466 $480,724
2023 $32,009 $2,709,992 $2,238,693 $471,299
2022 $31,062 $2,656,856 $2,194,798 $462,058
2021 $30,586 $2,604,762 $2,151,763 $452,999
2020 $29,974 $2,578,055 $2,129,700 $448,355
2019 $29,527 $2,527,506 $2,087,942 $439,564
2018 $29,035 $2,477,948 $2,047,002 $430,946
2017 $28,948 $2,429,362 $2,006,865 $422,497
2016 $28,144 $2,381,728 $1,967,515 $414,213
2015 $27,624 $2,345,954 $1,937,962 $407,992
2014 $26,663 $2,265,000 $1,865,000 $400,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81947222

MLSListings

APN: 510-27-015