NOT LISTED FOR SALE

Estimated Value: $4,588,000 - $6,664,496

3 Beds
2 Baths
1,507 Sq Ft
$3,942/Sq Ft Est. Value

Last Sold September 07, 2018

Last sale price $2,700,000 $1,792 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $37,028/month

16 Days on Market

About This Home

As of September 2018

Located in one of Saratoga s finest neighborhoods on over an acre of flat, private fabulous grounds. Rare and exceptional opportunity to remodel, expand or build your dream estate home of 6000+ SF, with possible amenities of building a guest house, pool, vineyard, or tennis court, surrounded by the most prestigious trophy properties in Saratoga and Los Gatos. Short drive to downtown Saratoga or Los Gatos. Close to Montalvo, the Village, West Valley College and walking, hiking and biking trails. Award winning Saratoga schools. You will not want to miss out on this opportunity of having your dream home and enjoying all the charm that Saratoga has to offer.

Last Agent to Sell the Property

Tom Yore

KW Bay Area Estates Saratoga License #00984352 Listed on: 07/21/2018

KW Bay Area Estates Saratoga

Last Buyer's Agent

Tom Yore

KW Bay Area Estates Saratoga License #00984352 Listed on: 07/21/2018

KW Bay Area Estates Saratoga

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,927

Year Built

  • Built in 1955

Lot Details

  • 1.07 Acre Lot
  • Zoning described as R140

Parking

  • 2 Car Garage

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 1,507 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 397-18-042

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,927

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 63
  • Listing Class: Residential
  • Structure Sq Ft: 1507
  • Year Built: 1955
  • Zoning Description: R140
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Family Room
  • Living Sq Ft: 1507
  • Stories: 1
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab

Garage/Parking

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

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Los Gatos-Saratoga Joint Union High
  • Middle School: Redwood Middle
  • High School: Saratoga High
  • High School: 264
  • Middle School: 198

Lot Info

  • Parcel Number: 397-18-042
  • Lot Acres: 1.0695
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 46588.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 46588.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2018
Closed on
Aug 29, 2018
Sold by
Pal George Damon and Pal George D
Bought by
Jain Sandeep and Jain Manisha
Seller's Agent
Tom Yore
KW Bay Area Estates Saratoga
Buyer's Agent
Tom Yore
KW Bay Area Estates Saratoga
List Price
$2,900,000
Sold Price
$2,700,000
Premium/Discount to List
-$200,000
-6.9%
Current Estimated Value
$5,940,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,240,374
Avg. Annual Appreciation
11.98%
Original Mortgage
$1,498,500
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 28, 2018
Sold by
Pal Norma E
Bought by
Pal George D

Purchase Details

Closed on
Apr 14, 2005
Sold by
Pal Norma E
Bought by
Pal Norma E

Purchase Details

Closed on
Mar 21, 1997
Sold by
Pal George S and Pal Norma E
Bought by
Pal George S and Pal Norma E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 1995
Sold by
Pal George Stephen
Bought by
Pal Norma E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,894
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
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
Jain Sandeep $2,700,000 Fidelity National Title Co
Pal George D -- None Available
Pal Norma E -- None Available
Pal Norma E -- --
Pal George S -- Chicago Title Co
Pal Norma E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jain Sandeep $2,999,990
Closed Jain Sandeep $2,450,000
Closed Jain Sandeep $1,489,400
Closed Jain Sandeep $1,498,500
Previous Owner Pal George S $523,280
Previous Owner Pal George S $148,800
Previous Owner Pal George S $150,000
Previous Owner Pal Norma E $126,894
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2018 09/07/18 Sold $2,700,000 -6.9% $1,792 / Sq Ft
08/07/2018 08/07/18 Pending -- -- --
07/21/2018 07/21/18 For Sale $2,900,000 -- $1,924 / 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 $55,927 $4,837,193 $2,956,124 $1,881,069
2024 $55,927 $4,742,347 $2,898,161 $1,844,186
2023 $55,486 $4,649,361 $2,841,335 $1,808,026
2022 $54,343 $4,558,198 $2,785,623 $1,772,575
2021 $53,491 $4,468,822 $2,731,003 $1,737,819
2020 $34,236 $2,863,749 $2,703,000 $160,749
2019 $32,412 $2,700,000 $2,650,000 $50,000
2018 $2,642 $168,751 $78,155 $90,596
2017 $2,604 $165,443 $76,623 $88,820
2016 $2,494 $162,200 $75,121 $87,079
2015 $2,366 $159,764 $73,993 $85,771
2014 $2,289 $156,635 $72,544 $84,091
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81715674

MLSListings

APN: 397-18-042