NOT LISTED FOR SALE

Estimated Value: $2,842,000 - $4,271,000

3 Beds
4 Baths
2,157 Sq Ft
$1,590/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $2,200,000 $1,020 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $18,708/month

9 Days on Market

Highlights

  • Art Studio
  • Primary Bedroom Suite
  • 0.48 Acre Lot
  • Louise Van Meter Elementary School Rated A
  • City Lights View
  • Deck

About This Home

As of June 2021

Beautiful custom home in Los Gatos.Tranquil and quiet property is perfectly situated w/amazing views - on a clear day you can see all the way to Moffett field. Walk in and enjoy vaulted ceilings,natural light from the large windows.This home was built around the sunset with a flipped floor plan the family room, living room, and dining room are all upstairs giving you a front-row seat to the west-facing sunset.Downstairs is a master retreat,plus 2 spacious additional bedrooms w/ balcony decks.The laundry room is large enough to have space for a small office.The fully permitted 495 sqft detached structure is the perfect work from home domain.This custom engineered structure has it all, a beautiful stained-glass window, loft with spiral staircase, gas fireplace, half bath, and decks in front and back. The .48-acre lot w/ no neighbors behind is simply gorgeous w/a hill cascading in burgundy and green Japanese maples. Entertain friends and family with 700 sqft of decks all around the house.

Last Agent to Sell the Property

David Lewis

Compass License #70010103 Listed on: 04/24/2021

Compass

Last Buyer's Agent

Kuldip Malhotra

Mikasa Homes & Funding License #01482209

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,578

Year Built

  • 1975

Lot Details

  • 0.48 Acre Lot
  • Fenced
  • Sprinklers on Timer
  • Back Yard

Parking

  • 2 Car Garage
  • Garage Door Opener

Property Views

  • City Lights
  • Mountain
  • Hills
  • Forest
  • Garden
  • Neighborhood

Home Design

  • Reverse Style Home
  • Wood Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,157 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Gas Fireplace
  • Double Pane Windows
  • Bay Window
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Recreation Room
  • Loft
  • Bonus Room
  • Art Studio
  • Utility Room
  • Laundry Room
  • Attic

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • Granite Bathroom Countertops
  • Hydromassage or Jetted Bathtub
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Outdoor Features

  • Balcony
  • Deck

Additional Features

  • 495 SF Accessory Dwelling Unit
  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,578

Year Built

1975

Lot Details

0

Parking

2

Listing Details

  • Zoning: R110
  • Subclass: Single Family Home
  • Age: 46
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 495
  • Structure Sq Ft: 2157
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1975

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Gas Burning, Living Room
  • Dining Room: Formal Dining Room
  • Kitchen: Dishwasher, Garbage Disposal, Microwave, Oven Range - Electric, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 2157
  • Stories: 2
  • Bedrooms: Primary Suite / Retreat, More Than One Bedroom On Ground Floor, Reverse Floor Plan, Walk-In Closet
  • Laundry: Inside
  • Flooring: Carpet, Hardwood
  • Additional Rooms: Artist Studio, Attic, Bonus / Hobby Room, Den / Study / Office, Laundry Room, Loft, Office Area, Recreation Room, Storage, Utility Room
  • Fireplaces Min: 3
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Full On Ground Floor, Granite, Primary - Stall Shower(s), Tile, Tub With Jets

Exterior Features

  • Roof: Composition, Wood Shakes / Shingles
  • View: City Lights, Forest / Woods, Garden / Greenbelt, Hills, Mountains, Neighborhood
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Fenced, Sprinklers - Auto

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Gate / Door Opener

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Bay Window, High Ceiling, Inverted Floor Plan, Open Beam Ceiling, Vaulted Ceiling, Walk-In Closet

Schools

  • School District: Los Gatos-Saratoga Joint Union High
  • Elementary School: Louise Van Meter Elementary
  • Middle School: Raymond J. Fisher Middle
  • High School: Los Gatos High
  • High School: 262
  • Elementary School: 143
  • Middle School: 141

Lot Info

  • Lot Acres: 0.4800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20908.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20908.00

Green Features

  • Energy Features: Double Pane Windows, Whole House Fan

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2021
Closed on
May 25, 2021
Sold by
Gibbs Michael E and Gibbs Peggy J
Bought by
Sharma Rajni and Lalla Ravi
Seller's Agent
David Lewis
Compass
Buyer's Agent
Kuldip Malhotra
Mikasa Homes & Funding
List Price
$1,995,000
Sold Price
$2,200,000
Premium/Discount to List
$205,000
10.28%
Current Estimated Value
$3,011,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$811,818
Avg. Annual Appreciation
10.04%
Original Mortgage
$1,760,000
Outstanding Balance
$1,607,276
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,662,058

Purchase Details

Closed on
Sep 21, 2018
Sold by
Gibbs Michael E and Gibbs Peggy J
Bought by
Gibbs Michael E and Gibbs Peggy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,740
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2007
Sold by
Gibbs Michael E and Gibbs Peggy J
Bought by
Gibbs Michael E and Gibbs Peggy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2002
Sold by
Gibbs Michael E and Gibbs Peggy J
Bought by
Gibbs Michael E and Gibbs Peggy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
6.84%

Purchase Details

Closed on
Mar 25, 2002
Sold by
Gibbs Michael E and Gibbs Peggy J
Bought by
Gibbs Michael E and Gibbs Peggy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
6.84%

Purchase Details

Closed on
Mar 14, 2000
Sold by
Gibbs Michael E and Gibbs Peggy J
Bought by
Gibbs Michael E and Gibbs Peggy J

Purchase Details

Closed on
Oct 17, 1994
Sold by
Gibbs Michael E and Gibbs Peggy J
Bought by
Gibbs Michael E and Gibbs Peggy J
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
Sharma Rajni $2,200,000 First American Title Company
Gibbs Michael E -- Service Link
Gibbs Michael E -- New Century Title Company
Gibbs Michael E -- New Century Title Company
Gibbs Michael E -- --
Gibbs Michael E -- Fidelity National Title Co
Gibbs Michael E -- --
Gibbs Michael E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharma Rajni $1,760,000
Previous Owner Gibbs Michael E $580,740
Previous Owner Gibbs Michael E $600,000
Previous Owner Gibbs Michael E $300,000
Previous Owner Gibbs Michael E $200,000
Previous Owner Gibbs Michael E $100,000
Previous Owner Gibbs Michael E $490,000
Previous Owner Gibbs Michael E $435,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2021 06/17/21 Sold $2,200,000 +10.3% $1,020 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
04/24/2021 04/24/21 For Sale $1,995,000 -- $925 / 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 $27,578 $2,334,657 $1,910,174 $424,483
2023 $27,101 $2,288,880 $1,872,720 $416,160
2022 $26,926 $2,244,000 $1,836,000 $408,000
2021 $9,964 $773,187 $352,980 $420,207
2020 $9,776 $765,260 $349,361 $415,899
2019 $9,633 $750,256 $342,511 $407,745
2018 $9,488 $735,546 $335,796 $399,750
2017 $9,448 $721,124 $329,212 $391,912
2016 $9,186 $706,985 $322,757 $384,228
2015 $9,108 $696,366 $317,909 $378,457
2014 $8,955 $682,726 $311,682 $371,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81840718

MLSListings

APN: 532-34-035