13 days on rocket

Sale Pending

511 University Ave, Los Gatos, CA, 95032

$1,899,950

Home List Price

$10,000*

Closing Credit

0 Baths
2,145 SqFt
$886/SqFt
Multi
Schools Nearby

Location

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511 University Ave, Los Gatos$1,899,950

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Garage1 space
Year Built1920
HeatingFloor Furnace, Wall Furnace
MLS #ML81961957
Lot Size0.17 Acres
StatusSale Pending
(Pending)

About 511 University Ave

Rare opportunity to own an investment property in Downtown Los Gatos. Nicely renovated 3-unit property; freshly painted inside & out. All new LVP Flooring in all units. All new lighting, switches & outlets, very nice! Low maintenance yards: Spacious patios for Unit A and the back Cottage, common area patio behind the main building. Each unit has separate laundry area (A has W/D included). Full basement under main house, partially finished. Detached 1 car garage + on site & street parking. Main building; Unit A has 2 Bedrooms, 1 Bath w/nice living room, spacious kitchen, laundry room + private backyard. Unit B has 1 bedroom, 1 bath, living room and laundry. Detached cottage in rear is 1 bedroom, 1 bath + small living room, private backyard and detached laundry room w/storage. Coveted location, close to restaurants, parks, shopping & more.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Stories: 1
  • Living Area: 2,145 SqFt

Listing Office:

  • Office Name: KW Bay Area Estates
  • Office Phone: (408) 560-9000
  • Listing Agent: Rick Smith

Interior Features

Interior Information:

  • Flooring Type: Laminate

Exterior Features

Parking Information:

  • Garage Space: 1 space

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace, Wall Furnace

Other

Directions Information:

  • Directions: Cross Street: Andrews

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,899,950
  • Price Per SqFt: $886/SqFt

Tax Information:

  • Annual Amount: $7,483
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Gatos, CA.

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Los Gatos, CA

City

Med. Sold Price

$2.1M

Med. Price/SqFt

$1,055

Avg. Days On Market

10

# of Sold Homes

49

511 University Ave vs Los Gatos

13 DAYS ON ROCKET

+3 Days

$1,899,950

-$277.5K Less

$886/SqFt

-$170 Less

KEY TAKEAWAY

This property is $277.5K less than the Median Sold Price and $170/SqFt less than other homes in Los Gatos, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #ML81961957

Listing Office:

  • Office Name: KW Bay Area Estates
  • Office Phone: (408) 560-9000
  • Listing Agent: Rick Smith

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 6:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 09, 1988Home Sold
$275,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,483$495,563
2020$7,482$490,483
2019$7,146$480,867
2018$7,146$471,439
2017$7,053$462,196

History based on county public records data.

Payment Calculator

$9,550

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,763

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4581717
8
/10

  • Lexington Elementary School

  • 17010 Roberts Rd

  • 0.58 miles

  • Public District Grades KG-5

school-card-donut-4581718
9
/10

  • Daves Avenue Elementary School

  • 17770 Daves Ave

  • 0.66 miles

  • Public District Grades KG-5

school-card-donut-4581719
9
/10

  • Louise Van Meter Elementary School

  • 16445 Los Gatos Blvd

  • 0.68 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,524. Typical income of Los Gatos, CA residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›California›Santa Clara County›Los Gatos›95032›511 University Ave

This home is located at 511 University Ave in Los Gatos, CA and zip code 95032 in the West Los Gatos neighborhood. This 2,145 square foot home, which was built in 1920, sits on a 0.17 acre lot. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $1,899,950.

In April 2024 more than 32 listings in Los Gatos, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 11 were sold below. In April 2024 in Los Gatos, CA there were 10.8% more homes for sale than in March 2024. In April 2024, listings were on the market for 10 days. During the same period, the median list price in this real estate market was $2,177,500.

From Rocket Homes Real Estate and based on county public records data.

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