NOT LISTED FOR SALE

347 Penn Way Los Gatos, CA 95032

East Los Gatos Neighborhood

Estimated Value: $2,237,541 - $2,355,000

3 Beds
2 Baths
1,341 Sq Ft
$1,731/Sq Ft Est. Value

Last Sold April 29, 2014

Last sale price $1,080,000 $805 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $13,730/month

8 Days on Market

Highlights

  • Primary Bedroom Suite
  • Traditional Architecture
  • Neighborhood Views
  • Carlton Elementary School Rated A
  • Wood Flooring
  • Breakfast Room

About This Home

As of April 2014

Beautifully remodeled on a tree-lined street*Open & bright with spacious living room & separate family room* Culinary kitchen with Travertine floors, granite counter tops, garden window*Bamboo floors, double pane windows, fireplace in FR and French door to patio & lawn*Inside laundry room*Excellent Union schools*Easy access to shopping and commute routes*

Last Agent to Sell the Property

Azita Alaverdi

Compass License #01371125 Listed on: 04/07/2014

Compass

Last Buyer's Agent

Gregg Ann Herrern

The Abigail Company License #01003487

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,072

Year Built

  • Built in 1960

Lot Details

  • Fenced
  • Sprinklers on Timer
  • Zoning described as R18

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,341 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Storage Room
  • Utility Room
  • Neighborhood Views

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 424-11-030

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,072

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Traditional
  • Age: 54
  • Sale Price Per Sq Ft: 805.37
  • Level Street Main: Bedroom(s)
  • Listing Class: Residential
  • Structure Sq Ft: 1341
  • Incorporated: Yes
  • Map Book Page: 873
  • Map Side Coordinate: 4
  • Map Top Coordinate: D
  • Thomas Bros Page: 873
  • Thomas Brothers: D4
  • Year Built: 1960
  • Zoning Description: R18
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Family Room, Wood Burning, Yes
  • Dining Room: No Formal Dining Room, Breakfast Room, Breakfast Bar, Eat in Kitchen
  • Kitchen: Dishwasher, Refrigerator, Oven Range, Microwave, 220 Volt Outlet
  • Living Sq Ft: 1341
  • Stories: 1
  • Bedrooms: Primary Suite / Retreat, Ground Floor Bedroom
  • Laundry: In Laundry Room, Dryer, Washer, 220 Volt Outlet
  • Flooring: Tile, Carpet - Wall to Wall, Hardwood
  • Additional Rooms: Utility Room, Storage
  • Maximum Bathrooms: 2
  • Maximum Numberof Bedrooms: 3
  • Minimum Bathrooms: 2
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Patio(s), Sprinklers - Auto, Fenced

Garage/Parking

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

Utilities

  • Cooling System: Central AC
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Double Pane Windows(s)

Schools

  • School District: Campbell Union High
  • Elementary School: Carlton Elementary
  • Middle School: Union Middle
  • High School: Leigh High
  • High School: 240
  • Elementary School: 216
  • Middle School: 229

Lot Info

  • Parcel Number: 424-11-030
  • List Price per Sq Ft: 697.24
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6262.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6262.00
  • Lot Size Area Min Search: 6262.00
  • Maximum Lot Size: 6262.00
  • Map Book: Thomas Bros

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Maximum Building Height: 1
  • Minimum Building Height: 1

MLS Schools

  • High School District Text: Campbell Union High
  • Elementary School Text: Carlton Elementary
  • High School Text: Leigh High
  • Middle School Text: Union Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2014
Closed on
Apr 17, 2014
Sold by
Kapal Ajay and Kapal Anjali
Bought by
Rigazio Luca
Seller's Agent
Azita Alaverdi
Compass
Buyer's Agent
Gregg Ann Herrern
The Abigail Company
List Price
$935,000
Sold Price
$1,080,000
Premium/Discount to List
$145,000
15.51%
Current Estimated Value
$2,321,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,241,385
Avg. Annual Appreciation
6.91%
Original Mortgage
$850,000
Outstanding Balance
$644,695
Interest Rate
4.28%
Mortgage Type
New Conventional
Estimated Equity
$1,676,690

Purchase Details

Closed on
Apr 20, 2005
Sold by
Wadia Fereshteh and Wadia Zarir
Bought by
Kapal Ajay and Kapal Anjali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2004
Sold by
Tsai Benjamin P and Wu Lily
Bought by
Wadia Fereshteh and Wadia Zarir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2003
Sold by
Mitchell Sandra T
Bought by
Tsai Benjamin P and Wu Lily
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
Rigazio Luca $1,080,000 Chicago Title Company
Kapal Ajay $850,000 Stewart Title Of California
Wadia Fereshteh $749,000 Stewart Title Of California
Tsai Benjamin P $535,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rigazio Luca $850,000
Previous Owner Kapal Ajay $680,000
Previous Owner Wadia Fereshteh $249,000
Closed Kapal Ajay $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2014 04/29/14 Sold $1,080,000 +15.5% $805 / Sq Ft
04/15/2014 04/15/14 Pending -- -- --
04/07/2014 04/07/14 For Sale $935,000 -- $697 / 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 $17,072 $1,323,920 $992,944 $330,976
2024 $17,072 $1,297,962 $973,475 $324,487
2023 $16,784 $1,272,513 $954,388 $318,125
2022 $16,420 $1,247,563 $935,675 $311,888
2021 $16,145 $1,223,102 $917,329 $305,773
2020 $15,900 $1,210,561 $907,923 $302,638
2019 $15,593 $1,186,825 $890,121 $296,704
2018 $15,268 $1,163,555 $872,668 $290,887
2017 $15,036 $1,140,741 $855,557 $285,184
2016 $14,275 $1,118,375 $838,782 $279,593
2015 $14,008 $1,101,577 $826,183 $275,394
2014 $12,312 $966,234 $434,705 $531,529
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Azita Alaverdi

    Compass

    Section Image
  • Gregg Ann Herrern

    Buyer's Agent in 2014

    Gregg Ann Herrern

    The Abigail Company

    (415) 203-3007

    40 Total Sales

    Gregg Ann Herrern
    Section Image
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Map

Source: MLSListings

MLS Number: ML81411358

MLSListings

APN: 424-11-030

California Santa Clara County Los Gatos 95032 East Los Gatos

347 Penn Way, Los Gatos, CA

This home is located at 347 Penn Way, Los Gatos, CA 95032 since 07 April 2014 and is currently estimated at $2,321,385, approximately $1,731 per square foot. This property was built in 1960. 347 Penn Way is a home located in Santa Clara County with nearby schools including Carlton Elementary School, Union Middle School, and Leigh High School.

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