NOT LISTED FOR SALE

88 Prospect Ave Los Gatos, CA 95030

East Los Gatos Neighborhood

Estimated Value: $4,225,000 - $5,784,000

5 Beds
3 Baths
3,968 Sq Ft
$1,204/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $3,140,000 $791 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $29,330/month

24 Days on Market

Highlights

  • Wine Cellar
  • Primary Bedroom Suite
  • Skyline View
  • Louise Van Meter Elementary School Rated A
  • Custom Home
  • 0.48 Acre Lot

About This Home

As of September 2018

Welcome to 88 Prospect Avenue, Situated Just Above Downtown Los Gatos and Next to SummerHill Estates Community! Award Winning Los Gatos Schools. This Stunning Custom Built Home is Tucked into the Picturesque Los Gatos Hillside, Offering a Spectacular Setting of Privacy Yet Just a Few Minutes Walk to Downtown! This Bright and Spacious Contemporary Beauty has Breathtaking Views and is Designed for Comfortable Living. The 5 Beds/3 Baths Estate has been Freshly Painted and has New Hardwood Floors throughout. Luxurious Master Suite, Gourmet Kitchen, Living Room, Dining Room, Separate Family Room and a Bonus/Hobby Room. Steps Away from Top Los Gatos Schools, Biking and Hiking Trails with Many Dining and Entertainment Options. This Home Offers a Picture Perfect Downtown Los Gatos Lifestyle. Don't Miss Out!

Last Agent to Sell the Property

Andy Tse

Intero Real Estate Services License #01345580 Listed on: 07/28/2018

Intero Real Estate Services

Co-Listed By

Sunny Ghajar

Intero Real Estate Services License #01515892

Last Buyer's Agent

Andy Tse

Intero Real Estate Services License #01345580 Listed on: 07/28/2018

Intero Real Estate Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,308

Year Built

  • Built in 1972

Lot Details

  • 0.48 Acre Lot
  • Back and Front Yard Fenced
  • Gentle Sloping Lot
  • Sprinklers on Timer
  • Grass Covered Lot
  • Zoning described as R120

Parking

  • 2 Car Garage

Property Views

  • Skyline
  • Mountain
  • Forest
  • Garden
  • Neighborhood

Home Design

  • Custom Home
  • Contemporary Architecture
  • Modern Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,968 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights in Kitchen
  • Wood Burning Fireplace
  • Double Pane Windows
  • Garden Windows
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Recreation Room
  • Loft
  • Bonus Room
  • Smart Home
  • Attic

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Self-Cleaning Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Loft Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Marble Bathroom Countertops
  • Granite Bathroom Countertops
  • Dual Sinks
  • Dual Flush Toilets
  • Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Basement

  • Sump Pump
  • Crawl Space

Outdoor Features

  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat
  • 220 Volts
  • Cable TV Available

Community Details

  • Courtyard

Listing and Financial Details

  • Assessor Parcel Number 529-31-060

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,308

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Contemporary, Custom, Luxury, Modern / High Tech
  • Age: 46
  • Listing Class: Residential
  • Structure Sq Ft: 3968
  • Year Built: 1972
  • Zoning Description: R120
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Living Room, Wood Burning
  • Dining Room: Breakfast Bar, Dining Area, Eat in Kitchen, Formal Dining Room, Skylight
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven - Built-In, Oven - Gas, Oven - Self Cleaning, Refrigerator, Skylight, Wine Refrigerator
  • Living Sq Ft: 3968
  • Stories: 2
  • Bedrooms: Ground Floor Bedroom, Loft Bedroom, Primary Bedroom on Ground Floor, Primary Suite / Retreat, More than One Bedroom on Ground Floor, More than One Primary Bedroom, Walk-in Closet
  • Laundry: In Utility Room, Washer / Dryer
  • Flooring: Hardwood, Laminate, Stone, Tile
  • Additional Rooms: Attic, Bonus / Hobby Room, Den / Study / Office, Formal Entry, Laundry Room, Loft, Office Area, Recreation Room, Storage, Wine Cellar / Storage
  • Fireplaces Min: 3
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Dual Flush Toilet, Granite, Marble, Primary - Oversized Tub, Primary - Stall Shower(s), Oversized Tub, Showers over Tubs - 2+, Skylight, Tile
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Block, Crawl Space
  • Roof: Composition, Shingle
  • View: Forest / Woods, Garden / Greenbelt, Mountains, Neighborhood
  • Yard/Grounds: Courtyard, Deck, Fenced, Low Maintenance, Sprinklers - Auto
  • Fencing: Fenced, Fenced Back, Fenced Front

Garage/Parking

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

Utilities

  • Cooling System: Central AC, Multi-Zone
  • Heating System: Central Forced Air - Gas, Fireplace, Heating - 2+ Zones
  • Sewer/Septic System: Sewer - Public, Sump Pump

Association/Amenities

  • Amenities Miscellaneous: Garden Window, High Ceiling, Skylight, Vaulted Ceiling, Walk-in Closet

Schools

  • School District: Los Gatos-Saratoga Joint Union High

Lot Info

  • Lot Description: Grade - Gently Sloped, Views
  • Parcel Number: 529-31-060
  • Lot Acres: 0.4763
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20746.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20746.00

Green Features

  • Energy Features: Double Pane Windows, Skylight, Smart Home System, Thermostat Controller

Multi Family

  • Utilities: Public Utilities

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2019
Sold by
Sharma Shivangi and Thakore Parag Pritam
Bought by
Thakore Parag and Sharma Shivangi
Current Estimated Value
$4,775,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 28, 2018
Closed on
Sep 11, 2018
Sold by
Chang Rick and Chang Sue P
Bought by
Sharma Shivangi and Thakore Parag Pritam
Seller's Agent
Andy Tse
Intero Real Estate Services
Buyer's Agent
Andy Tse
Intero Real Estate Services
List Price
$3,250,000
Sold Price
$3,140,000
Premium/Discount to List
-$110,000
-3.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$2,355,000
Outstanding Balance
$2,053,700
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$2,722,003

Purchase Details

Listed on
Jun 6, 2014
Closed on
Dec 4, 2014
Sold by
Bigby Michael and Bigby April
Bought by
The Chang 2014 Revocable Trust and Chang Sue P
Seller's Agent
Kelley Solberg
KW Bay Area Estates
Buyer's Agent
Jeni Moon
Intero Real Estate Services
List Price
$2,375,000
Sold Price
$2,170,000
Premium/Discount to List
-$205,000
-8.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.27%
Original Mortgage
$1,680,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 3, 2010
Sold by
Kahng William H and Kahng Dawn
Bought by
Bigby Michael and Bigby April

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2000
Sold by
Morgan Hill City Of
Bought by
American Anchorpoint Academies Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
7.87%

Purchase Details

Closed on
Sep 26, 2000
Sold by
Titus Arthur C And Sibyl M Trustee
Bought by
Kahng William H and Kahng Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
7.87%

Purchase Details

Closed on
Sep 7, 2000
Sold by
American Anchorpoint Academies Inc
Bought by
City Of Morgan Hill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
7.87%
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
Thakore Parag -- Chicago Title Co
Sharma Shivangi $3,140,000 Old Republic Title Co
The Chang 2014 Revocable Trust $2,170,000 First American Title Company
Bigby Michael $1,930,000 North American Title Co Inc
American Anchorpoint Academies Inc -- Old Republic Title Company
Kahng William H $1,250,000 Old Republic Title Company
City Of Morgan Hill -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thakore Parag $1,475,000
Closed Thakore Parag $1,500,000
Closed Thakore Parag $1,500,000
Open Sharma Shivangi $2,355,000
Previous Owner Chang Rick $1,582,000
Previous Owner The Chang 2014 Revocable Trust $1,680,000
Previous Owner Bigby Michael $717,000
Previous Owner Bigby Michael $729,750
Previous Owner Kahng William H $750,000
Previous Owner Kahng William H $510,000
Previous Owner Kahng William H $896,000
Previous Owner Kahng William H $500,000
Previous Owner Kahng William H $933,000
Previous Owner Kahng William H $937,000
Previous Owner Kahng William H $937,000
Previous Owner Kahng William H $937,000
Previous Owner Kahng William H $937,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2018 09/25/18 Price Changed $3,100,000 -1.3% $781 / Sq Ft
09/21/2018 09/21/18 Sold $3,140,000 -3.4% $791 / Sq Ft
08/22/2018 08/22/18 Pending -- -- --
07/28/2018 07/28/18 For Sale $3,250,000 +49.8% $819 / Sq Ft
12/10/2014 12/10/14 Sold $2,170,000 -4.6% $547 / Sq Ft
10/30/2014 10/30/14 Pending -- -- --
08/14/2014 08/14/14 Price Changed $2,275,000 -4.2% $573 / Sq Ft
06/06/2014 06/06/14 For Sale $2,375,000 -- $599 / 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 $40,308 $3,533,034 $2,610,313 $922,721
2024 $40,308 $3,463,760 $2,559,131 $904,629
2023 $39,642 $3,395,844 $2,508,952 $886,892
2022 $39,379 $3,329,259 $2,459,757 $869,502
2021 $38,736 $3,253,260 $2,411,527 $841,733
2020 $37,873 $3,202,800 $2,386,800 $816,000
2019 $37,294 $3,140,000 $2,340,000 $800,000
2018 $27,745 $2,292,095 $1,375,257 $916,838
2017 $27,641 $2,247,153 $1,348,292 $898,861
2016 $26,947 $2,203,092 $1,321,855 $881,237
2015 $26,797 $2,170,000 $1,302,000 $868,000
2014 $25,181 $2,032,273 $1,219,364 $812,909
Source: Public Records

Agents Affiliated with this Home

  • Andy Tse

    Seller's Agent in 2018

    Andy Tse

    Intero Real Estate Services

    (408) 807-8808

    38 in this area

    824 Total Sales

    Andy Tse
    Section Image
  • Sunny Ghajar

    Seller Co-Listing Agent in 2018

    Sunny Ghajar

    Intero Real Estate Services

    (408) 464-2427

    3 in this area

    93 Total Sales

    Sunny Ghajar
    Section Image
  • Jeni Moon

    Buyer Co-Listing Agent in 2018

    Jeni Moon

    Intero Real Estate Services

    (408) 692-5364

    9 in this area

    252 Total Sales

    Jeni Moon
    Section Image
  • Kelley Solberg

    Seller's Agent in 2014

    Kelley Solberg

    KW Bay Area Estates

    (408) 464-8629

    88 Total Sales

    Kelley Solberg
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81716656

MLSListings

APN: 529-31-060

California Santa Clara County Los Gatos 95030 East Los Gatos

88 Prospect Ave, Los Gatos, CA

This home is located at 88 Prospect Ave, Los Gatos, CA 95030 since 28 July 2018 and is currently estimated at $4,775,703, approximately $1,203 per square foot. This property was built in 1972. 88 Prospect Ave is a home located in Santa Clara County with nearby schools including Louise Van Meter Elementary School, Loma Prieta Elementary School, and Raymond J. Fisher Middle School.

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