NOT LISTED FOR SALE

477 University Ave Los Gatos, CA 95032

West Los Gatos Neighborhood

Estimated Value: $2,074,000 - $2,751,000

1 Bed
1 Bath
595 Sq Ft
$4,084/Sq Ft Est. Value

Last Sold January 07, 2016

Last sale price $1,285,000 $2,160 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $13,883/month

100 Days on Market

Highlights

  • Wood Flooring
  • Breakfast Area or Nook
  • Forced Air Heating System
  • Daves Avenue Elementary School Rated A
  • Balcony
  • Ceiling Fan

About This Home

As of January 2016

Charming downtown Los Gatos 2 bed/3 full bath, single family home w/ two detached guest, or income-producing residences on property. Great potential for income or family compound downtown. Hardwood floors, skylights, updated kitchen w/ granite counters. Lots of storage including basement, work shop and office. Large lot with deck & spa. Detached 1/1, & studio, both with full kitchens. Perfect opportunity to buy downtown & offset your expenses with income. Re-hab or re-build. Great Los Gatos schools!

Last Agent to Sell the Property

Erik Iversen

KW Bay Area Estates License #01435907 Listed on: 07/07/2015

KW Bay Area Estates

Last Buyer's Agent

Bill Taylor

Montalvo Realty License #01128319

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,634

Year Built

  • Built in 1900

Lot Details

  • 7,449 Sq Ft Lot
  • Partially Fenced Property
  • Mostly Level
  • Zoning described as RM520

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 595 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Breakfast Area or Nook
  • Gas Cooktop

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Master Meter
  • Cable TV Available

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 529-07-029

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,634

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Age: 115
  • Listing Class: Residential
  • Structure Sq Ft: 595
  • Incorporated: Yes
  • Year Built: 1900
  • Zoning Description: RM520
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Breakfast Nook
  • Kitchen: Cooktop - Gas
  • Living Sq Ft: 595
  • Stories: 1
  • Laundry: Community Facility
  • Flooring: Hardwood, Laminate, Tile
  • Maximum Numberof Bedrooms: 1
  • Minimum Numberof Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio
  • Fencing: Partial Fencing
  • Construction Type: Wood

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Off-Street Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Los Gatos-Saratoga Joint Union High

Lot Info

  • Lot Description: Grade - Mostly Level
  • Parcel Number: 529-07-029
  • Lot Acres: 0.1710
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7438.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7438.00

Multi Family

  • Utilities: Master Meter

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2016
Sold by
Hoffner Eric K and Hoffner Lisa A
Bought by
Hoffner Eric K and Hoffner Lisa A
Current Estimated Value
$2,191,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$645,186
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,880,544

Purchase Details

Listed on
Jul 7, 2015
Closed on
Dec 29, 2015
Sold by
Orr Robert M and Orr Gay M
Bought by
Hoffner Eric and Hoffner Lisa
Seller's Agent
Erik Iversen
KW Bay Area Estates
Buyer's Agent
Bill Taylor
Montalvo Realty
List Price
$1,399,000
Sold Price
$1,285,000
Premium/Discount to List
-$114,000
-8.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%

Purchase Details

Closed on
May 11, 2007
Sold by
Orr Robert M and Orr Gay M
Bought by
Orr Robert M and Orr Gay M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$856,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2006
Sold by
Orr Robert and Orr Gay
Bought by
Feller Orr Trust
Source: Public Records

Range of Values:

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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
Hoffner Eric K -- Old Republic Title Company
Hoffner Eric $1,285,000 Old Republic Title Company
Orr Robert M -- Stewart Title Of Ca Inc
Orr Robert M -- Stewart Title Of Ca Inc
Feller Orr Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffner Eric K $500,000
Open Hoffner Eric K $800,000
Previous Owner Orr Robert M $856,000
Previous Owner Orr Robert M $100,000
Previous Owner Orr Robert M $700,000
Previous Owner Orr Robert M $610,000
Previous Owner Orr Robert M $518,000
Previous Owner Orr Robert M $362,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2016 01/07/16 Sold $1,285,000 -8.1% $2,160 / Sq Ft
10/15/2015 10/15/15 Pending -- -- --
07/07/2015 07/07/15 For Sale $1,399,000 -- $2,351 / 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 $22,634 $1,819,260 $1,160,583 $658,677
2023 $22,243 $1,783,589 $1,137,827 $645,762
2022 $22,107 $1,748,617 $1,115,517 $633,100
2021 $21,725 $1,714,332 $1,093,645 $620,687
2020 $19,844 $1,567,054 $1,082,432 $484,622
2019 $16,787 $1,363,652 $1,061,208 $302,444
2018 $16,552 $1,336,914 $1,040,400 $296,514
2017 $16,507 $1,310,700 $1,020,000 $290,700
2016 $2,995 $174,683 $128,723 $45,960
2015 $2,943 $172,060 $126,790 $45,270
2014 $2,876 $168,691 $124,307 $44,384
Source: Public Records

Agents Affiliated with this Home

  • Erik Iversen

    Seller's Agent in 2016

    Erik Iversen

    KW Bay Area Estates

    (408) 375-4389

    1 in this area

    4 Total Sales

    Section Image
  • Bill Taylor

    Buyer's Agent in 2016

    Bill Taylor

    Montalvo Realty

    (408) 888-8058

    3 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81514642

MLSListings

APN: 529-07-029

California Santa Clara County Los Gatos 95030 West Los Gatos

477 University Ave, Los Gatos, CA

This home is located at 477 University Ave, Los Gatos, CA 95032 since 07 July 2015 and is currently estimated at $2,430,168, approximately $4,084 per square foot. This property was built in 1900. 477 University Ave is a home located in Santa Clara County with nearby schools including Daves Avenue Elementary School, Loma Prieta Elementary School, and Raymond J. Fisher Middle School.

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