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116 Olive Street, Los Gatos, California 95030, Los Gatos, 95030 - 3 bed, 1 bath

116 Olive Street, Los Gatos, California 95030 home-pic-0
ACTIVE UNDER CONTRACT$1,799,000
116 Olive Street, Los Gatos, California 95030
3Beds
1Bath
969Sqft
3,680Lot

Price Vs. Estimate

The estimated value ($1,799,000) is $0 (0%) lower than the list price ($1,799,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location & Walkability: Situated just a half-mile from downtown Los Gatos, offering unparalleled access to prized restaurants, shops, groceries, parks (Oak Meadow and Vasona Lake), and the elementary school, all within a peaceful neighborhood setting.
Top Cons:
Compact Living Space: At 969 sqft, the interior footprint is relatively modest for a 3-bedroom home, which may feel constrained for buyers seeking more expansive living areas.

Compared to the nearby listings

Price:$1.80M vs avg $3.79M ($-1,986,000)3%
Size:969 sqft vs avg 2,555 sqft3%
Price/sqft:$1.9K vs avg $1.5K87%

More Insights

This property has been on the market for 22 days.
Built in 1961 (64 years old).
Condition: This 1961-built home presents as move-in ready with significant updates, particularly in the kitchen. The description highlights a 'remodeled kitchen with its gorgeous cabinets,' which is supported by images showing shaker-style wood cabinets, light countertops, and stainless steel appliances. Hardwood floors are present throughout the main living areas and bedrooms and appear to be in good condition. The overall aesthetic is clean and updated, suggesting good maintenance. While the property's age (1961) means it's not a new build, the visible renovations and general upkeep align with the 'Good' criteria of being extensively renovated in key areas within the last 5-15 years and requiring no immediate renovations. The absence of bathroom photos is a minor concern, but the overall positive presentation implies it is at least functional and well-maintained, preventing a 'Fair' rating which would suggest more significant outdated components or repairs needed.
Year Built
1961
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$1,857
HOA
-
Days on market
22 Days
Sold On
2025-09-25
MLS number
ML82019648
Home ConditionGood
Features
Deck
ViewNeighborhood

About this home

A truly rare find in Los Gatos - a single family home with no HOA under $2M! This charming 2 bedroom plus bonus room home offers the lifestyle you've been searching for, an exceptional combination of a peaceful neighborhood and unbeatable convenience, representing an incredible value. This is your gateway to the coveted Los Gatos experience. Imagine leaving the car at home and going about your day, just a half-mile to downtown Los Gatos prized restaurants and shops, groceries, parks (Oak Meadow and Vasona Lake), and the elementary school. Access to premier amenities like this, from such a tranquil setting, is seldom available. The homes thoughtful footprint feels homey and efficient. You'll love the remodeled kitchen with its gorgeous cabinets and the cozy living room with a wood-burning fireplace plus stunning views to the front yard. The true surprise is the window filled sunroom leading onto a spacious deck, creating the perfect indoor-outdoor hub for daily living and entertaining. Complete with a low maintenance yard and prolific lemon tree, this home isnt just a property, it's your smart ticket to a life of ease and convenience. This unique opportunity won't last!

Condition Rating
Good
This 1961-built home presents as move-in ready with significant updates, particularly in the kitchen. The description highlights a 'remodeled kitchen with its gorgeous cabinets,' which is supported by images showing shaker-style wood cabinets, light countertops, and stainless steel appliances. Hardwood floors are present throughout the main living areas and bedrooms and appear to be in good condition. The overall aesthetic is clean and updated, suggesting good maintenance. While the property's age (1961) means it's not a new build, the visible renovations and general upkeep align with the 'Good' criteria of being extensively renovated in key areas within the last 5-15 years and requiring no immediate renovations. The absence of bathroom photos is a minor concern, but the overall positive presentation implies it is at least functional and well-maintained, preventing a 'Fair' rating which would suggest more significant outdated components or repairs needed.
Pros & Cons

Pros

Exceptional Location & Walkability: Situated just a half-mile from downtown Los Gatos, offering unparalleled access to prized restaurants, shops, groceries, parks (Oak Meadow and Vasona Lake), and the elementary school, all within a peaceful neighborhood setting.
No HOA & Value Proposition: A rare find in Los Gatos, this single-family home is offered under $2M with no HOA, representing an incredible value and smart entry point into this coveted market.
Remodeled Kitchen: The home features a thoughtfully remodeled kitchen with gorgeous cabinets, providing a modern and functional space for daily living.
Desirable Indoor-Outdoor Living: A window-filled sunroom seamlessly connects to a spacious deck, creating an ideal hub for entertaining and enjoying the low-maintenance yard.
Charming Features & Ambiance: The cozy living room with a wood-burning fireplace and stunning views to the front yard adds significant charm and warmth to the home's character.

Cons

Compact Living Space: At 969 sqft, the interior footprint is relatively modest for a 3-bedroom home, which may feel constrained for buyers seeking more expansive living areas.
Limited Bathrooms: The property features only one bathroom, which could be a functional limitation for a 3-bedroom residence and may not meet the preferences of all potential buyers.
Older Construction (Potential System Updates): Built in 1961, while the kitchen is remodeled, other major systems (e.g., plumbing, electrical, HVAC) may be original or require future investment, which is not explicitly detailed as updated in the description.

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