NOT LISTED FOR SALE

22541 Summit Rd Los Gatos, CA 95033

Lexington HIlls Neighborhood

Estimated Value: $1,631,000 - $1,983,000

4 Beds
2 Baths
2,507 Sq Ft
$736/Sq Ft Est. Value

Last Sold November 28, 2018

Last sale price $1,150,000 $459 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $10,809/month

91 Days on Market

Highlights

  • Above Ground Spa
  • 4.57 Acre Lot
  • Deck
  • Loma Prieta Elementary School Rated A
  • Mountain View
  • Wood Burning Stove

About This Home

As of November 2018

Secluded sunny home that is located on 4.4 acres of land in the Los Gatos Mountains. Offers that country feel but only ten minutes to downtown Los Gatos. Scenic mountain views from almost every window in the house. Fantastic backyard that is great for outdoor BBQ'S and summer fun. Multiple decks, spa and gazebo. Easy access to Hwy 17 only a 1/4 of mile away. Detached bonus workshop or artist studio. New roof, carpet and interior paint. Newer kitchen appliances and AC for extra hot summer days. Built in vacuum system. Internet thru Frontier communications DSL (was verizon) Owner worked from home and was a software sales engineer used internet for web meetings ( Webex, Go to meeting, Zoom ) IP phone, vpn, etc. Los Gatos school district.

Last Agent to Sell the Property

Christian Miller

Ocean Street Realty License #01160220 Listed on: 07/31/2018

Last Buyer's Agent

Cole and Riese

Coldwell Banker Realty License #70010123

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1977

Lot Details

  • 4.57 Acre Lot
  • Partially Fenced Property
  • Secluded Lot
  • Level Lot
  • Sprinklers on Timer
  • Hillside Location
  • Back Yard
  • Zoning described as HS-SR

Parking

  • 1 Car Detached Garage

Property Views

  • Mountain
  • Forest

Home Design

  • Mediterranean Architecture
  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Clay Roof
  • Foam Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,507 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Bonus Room
  • Workshop

Kitchen

  • Double Oven
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Pool

  • Above Ground Spa
  • Spa Cover

Outdoor Features

  • Balcony
  • Deck
  • Barbecue Area

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Shared Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 558-07-050

Home Details

Home Type

Single Family

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean
  • Listing Class: Residential
  • Structure Sq Ft: 2507
  • Year Built: 1977
  • Zoning Description: HS-SR
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Wood Burning, Wood Stove
  • Dining Room: Dining Area, Formal Dining Room
  • Kitchen: Cooktop - Electric, Countertop - Tile, Dishwasher, Garbage Disposal, Microwave, Oven - Double, Oven - Electric, Refrigerator
  • Living Sq Ft: 2507
  • Stories: 3
  • Laundry: Electricity Hookup (220V), Inside, Washer / Dryer
  • Flooring: Carpet, Marble, Tile
  • Additional Rooms: Bonus / Hobby Room, Workshop
  • Fireplaces Min: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Primary - Stall Shower(s), Primary - Sunken Tub, Shower and Tub, Tile, Tub in Primary Bedroom
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Spa - Above Ground, Spa - Cover, Spa - Electric, Spa - Jetted, Spa / Hot Tub
  • Roof: Clay, Foam, Rolled Composition
  • View: Forest / Woods, Mountains
  • Yard/Grounds: Back Yard, Balcony / Patio, BBQ Area, Deck, Sprinklers - Auto
  • Fencing: Partial Fencing
  • Construction Type: Stucco, Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air, Electric
  • Sewer/Septic System: Existing Septic

Association/Amenities

  • Amenities Miscellaneous: Built-in Vacuum

Lot Info

  • Lot Description: Grade - Hillside, Grade - Level, Grade - Sloped Down, Grade - Sloped Up, Private / Secluded
  • Parcel Number: 558-07-050
  • Lot Acres: 4.5695
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 199047.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 199047.00

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2018
Closed on
Nov 27, 2018
Sold by
Couch Marie E
Bought by
Hakes Larae and Imprenta Diego
Seller's Agent
Christian Miller
Ocean Street Realty
Buyer's Agent
Cole and Riese
Coldwell Banker Realty
List Price
$1,299,000
Sold Price
$1,150,000
Premium/Discount to List
-$149,000
-11.47%
Current Estimated Value
$1,846,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$696,306
Avg. Annual Appreciation
6.82%
Original Mortgage
$977,500
Outstanding Balance
$849,020
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$997,286

Purchase Details

Listed on
Jun 5, 2014
Closed on
Oct 13, 2014
Sold by
Ringel Gerhard and Ringel Mary E
Bought by
Couch Marie E
Seller's Agent
Brett Jennings
KW Bay Area Estates
Buyer's Agent
Russ Sadykhov
Intero Real Estate Services
List Price
$1,195,000
Sold Price
$1,015,000
Premium/Discount to List
-$180,000
-15.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.08%
Original Mortgage
$625,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2006
Sold by
Broadbent Thomas V and Broadbent Ellen Wynn
Bought by
Ringel Gerhard and Ringel Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$864,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2001
Sold by
Broadbent Thomas V and Broadbent Ellen Wynn
Bought by
Broadbent Thomas and Broadbent Ellen Wynn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hakes Larae $1,150,000 Stewart Title Of California
Couch Marie E $1,015,000 Old Republic Title Company
Ringel Gerhard $1,080,000 North American Title Company
Broadbent Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hakes Larae $977,500
Previous Owner Couch Marie E $625,000
Previous Owner Ringel Gerhard $864,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/28/2018 11/28/18 Sold $1,150,000 -1.6% $459 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
10/22/2018 10/22/18 Price Changed $1,169,000 -6.4% $466 / Sq Ft
09/13/2018 09/13/18 Price Changed $1,249,000 -3.8% $498 / Sq Ft
08/13/2018 08/13/18 For Sale $1,299,000 0.0% $518 / Sq Ft
08/10/2018 08/10/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $1,299,000 +28.0% $518 / Sq Ft
10/17/2014 10/17/14 Sold $1,015,000 -5.9% $405 / Sq Ft View Prior Sale
09/25/2014 09/25/14 Pending -- -- --
06/30/2014 06/30/14 Price Changed $1,079,000 -9.7% $430 / Sq Ft
06/05/2014 06/05/14 For Sale $1,195,000 -- $477 / 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 $14,663 $1,243,798 $892,413 $351,385
2024 $14,663 $1,219,411 $874,915 $344,496
2023 $14,374 $1,195,502 $857,760 $337,742
2022 $13,850 $1,172,062 $840,942 $331,120
2021 $13,674 $1,149,081 $824,453 $324,628
2020 $13,561 $1,137,300 $816,000 $321,300
2019 $13,389 $1,115,000 $800,000 $315,000
2018 $12,968 $1,072,107 $739,385 $332,722
2017 $12,617 $1,051,087 $724,888 $326,199
2016 $12,274 $1,030,478 $710,675 $319,803
2015 $12,061 $1,015,000 $700,000 $315,000
2014 $11,339 $952,000 $705,200 $246,800
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Christian Miller

    Ocean Street Realty

    (831) 345-5095

    4 Total Sales

    Christian Miller
    Section Image

  • C

    Buyer's Agent in 2018

    Cole and Riese

    Coldwell Banker Realty

  • B

    Seller's Agent in 2014

    Brett Jennings

    KW Bay Area Estates

    Section Image

  • R

    Buyer's Agent in 2014

    Russ Sadykhov

    Intero Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81716989

MLSListings

APN: 558-07-050

California Santa Clara County Los Gatos 95033 Lexington HIlls

22541 Summit Rd, Los Gatos, CA

Not Listed for Sale

Detached

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