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550 University Ave, Los Gatos, CA, 95032

$1,950,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
3 Full Baths
1,104 SqFt
$1,766/SqFt
House
Schools Nearby

Location

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550 University Ave, Los Gatos$1,950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingOff Street
Year Built1947
HeatingHeat Pump
CoolingCentral Air
FireplaceLiving Room
MLS #ML81956059
Lot Size0.21 Acres
StatusActive

About 550 University Ave

Located in the heart of downtown Los Gatos, opportunity awaits the investor or homeowner that wants additional income from an ADU. Hardwood floors, dual pane windows, freshly painted interior and exterior, new fully equipped kitchen including S/S appliances enhance the main dwelling. Situated on a corner lot, the property offers easy access to the backyard & entrance to the fully refurbished ADU: New kitchen including all appliances, bath refresh and freshly painted interior and exterior. The low maintenance backyard has recently been updated with new fences and gates. A stroll away from the Town Plaza, LG Farmer's market, fine dining, shops, trails & all the outdoor activities this charming town has to offer.

Property Details

Property Features

Property Information:

  • Year Built: 1947
  • Stories: 1
  • Living Area: 1,104 SqFt

Listing Office:

  • Office Name: The Agency
  • Office Phone: (650) 668-0200
  • Listing Agent: Rick Zea

Interior Features

Interior Information:

  • Appliances: Refrigerator, Vented Exhaust Fan
  • Flooring Type: Carpet, Wood
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Cross Street: Hubbell

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000
  • Price Per SqFt: $1,766/SqFt

Tax Information:

  • Annual Amount: $11,356
  • 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

42

# of Sold Homes

44

550 University Ave vs Los Gatos

31 DAYS ON ROCKET

-11 Days

$1,950,000

-$170K Less

$1,766/SqFt

+$711 More

KEY TAKEAWAY

This property is $170K less than the Median Sold Price and $711/SqFt more 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: #ML81956059

Listing Office:

  • Office Name: The Agency
  • Office Phone: (650) 668-0200
  • Listing Agent: Rick Zea

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: 4/30/2024, 2:25:18 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

Aug 31, 2000Home Sold
$625,000

Tax History

YEARPROP. TAXASSESSMENT
2021$11,356$870,044
2020$11,355$861,124
2019$11,016$844,240
2018$11,016$827,687
2017$10,965$811,459

History based on county public records data.

Payment Calculator

$9,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,913

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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-3477884
8
/10

  • Lexington Elementary School

  • 17010 Roberts Rd

  • 0.51 miles

  • Public District Grades KG-5

school-card-donut-3477885
9
/10

  • Daves Avenue Elementary School

  • 17770 Daves Ave

  • 0.61 miles

  • Public District Grades KG-5

school-card-donut-3477886
9
/10

  • Louise Van Meter Elementary School

  • 16445 Los Gatos Blvd

  • 0.63 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. Residents of Los Gatos, CA typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 550 University Ave

What is the listing price of this property?

The listing price of 550 University Ave property is $1,950,000.

What type of property is this?

The property 550 University Ave is a house located in Los Gatos, California, 95032.

Is this property for sale now?

Active Listing: 550 University Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $11,356 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 31, 2000 for $625,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 550 University Ave has 2 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 550 University Ave is 1,104 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 550 University Ave is 1947.

Rocket Homes›California›Santa Clara County›Los Gatos›95032›550 University Ave

This home is located at 550 University Ave in Los Gatos, CA and zip code 95032 in the West Los Gatos neighborhood. This 1,104 square foot home, which was built in 1947, sits on a 0.21 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 29, 2024 and is currently priced at $1,950,000.

While more than 25 listings in Los Gatos, CA in March 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 17 were sold below. In March 2024 in Los Gatos, CA there were 53.4% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $2,120,000, while the average time on the real estate market was 42 days.

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

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