NOT LISTED FOR SALE

Estimated Value: $943,000 - $1,207,937

2 Beds
2 Baths
1,158 Sq Ft
$600/mo HOA Fee

Last Sold July 08, 2020

Last sale price $965,000 $833 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $7,735/month

5 Days on Market

Highlights

  • Granite Countertops
  • Walk-In Closet
  • Guest Parking
  • Saratoga Elementary School Rated A
  • Bathtub with Shower
  • 2-minute walk to Wildwood Park

About This Home

As of July 2020

Gorgeous Condo with Award Winning Saratoga Schools / First floor condo with a spacious backyard for your enjoyment / A Gem for investors -Great rental income / Prefect for your Retirement Home - No Stairs, Close to Park - exercise / Walking distance to Downtown Saratoga - Dining / Updated kitchen and bathrooms with granite counter tops & Shaker Cabinets / Master suite with Walk-in Closet / Living room w/ Sliding door Lead to Private Oversize Backyard with Deck / Dual Pane Windows / Central Air& Heat / Washer & Dryer in unit /ONLY PAY FOR PG&E HOA Cover Gas, Water, Hot water, garbage, Sewage, Fences, Exterior, Roof, Club House, Pool& Spa, Common Area Insurance, and Earthquake insurance

Last Agent to Sell the Property

Shelly Chou

Intero Real Estate Services License #01888765 Listed on: 06/22/2020

Intero Real Estate Services

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,301

Year Built

  • 1970

Lot Details

  • 1,176

HOA Fees

  • $600 Monthly HOA Fees

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,158 Sq Ft Home
  • 1-Story Property
  • Separate Family Room
  • Combination Dining and Living Room
  • Laminate Flooring

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • Garage
  • 1 Carport Space
  • Garage Door Opener
  • Guest Parking

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan

Community Details

  • Association fees include common area electricity, exterior painting, fencing, garbage, gas, heating, hot water, insurance - common area, insurance - earthquake, insurance - liability, maintenance - common area, maintenance - exterior, pool spa or tennis, recreation facility, reserves, roof, water / sewer
  • The Gatehouse Association

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,301

Year Built

1970

Lot Details

0

HOA Fees

$600 per month

Listing Details

  • Zoning: RM4
  • Subclass: Condominium
  • Age: 50
  • Listing Class: Residential
  • Maximum Unit Floor Number: 1
  • Structure Sq Ft: 1158
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1970

Interior Features

  • Family Room: Separate Family Room
  • Dining Room: Dining Area In Living Room
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Oven Range - Gas
  • Living Sq Ft: 1158
  • Stories: 1
  • Bedrooms: Ground Floor Bedroom, Primary Bedroom On Ground Floor, More Than One Bedroom On Ground Floor, Walk-In Closet
  • Laundry: Inside, Washer / Dryer
  • Flooring: Laminate
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Granite, Primary - Stall Shower(s), Shower Over Tub - 1, Updated Bath

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport, Gate / Door Opener, Guest / Visitor Parking
  • Carport Min: 1

Utilities

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

Condo/Co-op/Association

  • Complex Name: GATEHOUSE CONDOMINIUMS
  • HOA Fees: 600
  • HOA Documents: Budget, Bylaws, Cc&rs, Financial Statement, Minutes, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Exterior Painting, Fencing, Garbage, Gas, Heating, Hot Water, Insurance - Common Area, Insurance - Earthquake, Insurance - Liability, Maintenance - Common Area, Maintenance - Exterior, Pool, Spa, Or Tennis, Recreation Facility, Reserves, Roof, Water / Sewer
  • HOA Exist: Yes
  • H O A Name Text: The GATEHOUSE

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

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

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 2
  • Minimum Building Height: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2020
Closed on
Jul 1, 2020
Sold by
Prabhu Srinivas Prasad and Prasad Vidya
Bought by
Shen Lawrence Y and The 2001 Lawrence Y Shen And A
Seller's Agent
Shelly Chou
Intero Real Estate Services
Buyer's Agent
RECIP
Out of Area Office
List Price
$898,000
Sold Price
$965,000
Premium/Discount to List
$67,000
7.46%
Current Estimated Value
$1,093,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,646
Avg. Annual Appreciation
1.63%

Purchase Details

Listed on
Jun 19, 2017
Closed on
Jul 25, 2017
Sold by
Aghaebrahim Mehrdad
Bought by
Prabhu Srinivas Prasad and Prasad Vidya
Seller's Agent
Mike Masoumi
RE/MAX Properties West
Buyer's Agent
Shelly Chou
Coldwell Banker Realty
List Price
$850,000
Sold Price
$915,000
Premium/Discount to List
$65,000
7.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.83%
Original Mortgage
$686,250
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 4, 2007
Sold by
Nolet Jason W and Nolet Kathy C
Bought by
Aghaebrahim Mehrdad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2003
Sold by
Glantz John and Glantz Jennifer C
Bought by
Nolet Jason W and Nolet Kathy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.97%

Purchase Details

Closed on
Feb 28, 2000
Sold by
Teeple Martin R and Teeple Jean B
Bought by
Glantz John and Glantz Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.87%

Purchase Details

Closed on
Nov 14, 1995
Sold by
Hoefler Eileen M
Bought by
Teeple Martin Roy and Jean Teeple B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,800
Interest Rate
7.51%
Source: Public Records

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Range of Values:

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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
Shen Lawrence Y $965,000 Lawyers Title Company
Prabhu Srinivas Prasad $915,000 Fidelity National Title Co
Aghaebrahim Mehrdad $585,500 Chicago Title Company
Nolet Jason W $415,000 Chicago Title
Glantz John $450,000 Chicago Title Co
Teeple Martin Roy $216,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Prabhu Srinivas Prasad $518,000
Previous Owner Prasad Prabhu Srinivas $535,000
Previous Owner Prabhu Srinivas Prasad $679,650
Previous Owner Prabhu Srinivas Prasad $686,300
Previous Owner Prabhu Srinivas Prasad $686,250
Previous Owner Aghaebrahim Mehrdad $392,000
Previous Owner Aghaebrahim Mehrdad $45,000
Previous Owner Aghaebrahim Mehrdad $417,000
Previous Owner Aghaebrahim Mehrdad $468,000
Previous Owner Nolet Jason W $50,000
Previous Owner Glantz John $360,000
Previous Owner Teeple Martin Roy $261,000
Previous Owner Teeple Martin Roy $172,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2020 07/08/20 Sold $965,000 +7.5% $833 / Sq Ft
06/28/2020 06/28/20 Pending -- -- --
06/22/2020 06/22/20 For Sale $898,000 -1.9% $775 / Sq Ft
08/03/2017 08/03/17 Sold $915,000 +7.6% $790 / Sq Ft
06/30/2017 06/30/17 Pending -- -- --
06/19/2017 06/19/17 For Sale $850,000 -- $734 / 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 $12,301 $977,478 $488,686 $488,792
2023 $11,874 $935,000 $467,400 $467,600
2022 $11,917 $939,522 $469,710 $469,812
2021 $11,711 $921,100 $460,500 $460,600
2020 $11,542 $919,000 $459,500 $459,500
2019 $11,643 $927,000 $463,500 $463,500
2018 $11,505 $915,000 $457,500 $457,500
2017 $8,809 $675,898 $337,891 $338,007
2016 $8,533 $662,646 $331,266 $331,380
2015 $8,348 $652,694 $326,291 $326,403
2014 $8,156 $639,910 $319,900 $320,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81797692

MLSListings

APN: 503-63-017