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117 El Olivar, Los Gatos, California 95032, Los Gatos, 95032 - 3 bed, 3 bath

117 El Olivar, Los Gatos, California 95032 home-pic-0
ACTIVE$1,498,000$1,637/sqft
117 El Olivar, Los Gatos, California 95032
3Beds
3Baths
1,637Sqft
2,600Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Premier Gated Community & Location: Situated in the highly sought-after, gated Rinconada Hills community, offering resort-style living and minutes from downtown Los Gatos and award-winning schools.
Top Cons:
Requires Updates & Personalization: The property needs some tender loving care (TLC), offering a significant opportunity for a buyer to update and personalize the space to modern tastes.

Compared to the nearby listings

Price:$1.50M vs avg $1.53M ($-37,000)45%
Size:1,637 sqft vs avg 1,637 sqft50%
Price/sqft:$915 vs avg $92940%

More Insights

Built in 1974 (52 years old).
Condition: Built in 1974, this townhome is 50 years old. While it appears well-maintained with upgraded dual-pane windows, the kitchen and bathrooms are significantly outdated in style, materials, and appliances (e.g., tile countertops, fluorescent kitchen lighting, carpet in primary bath vanity area, older wood vanities). The listing description explicitly states it 'needs some TLC' and offers an 'opportunity for a buyer to update and personalize the space.' This aligns with the 'fair' category, indicating it's aged but maintained, functional, yet requires minor updates to meet modern tastes.
Year Built
1974
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$915
HOA
$2,046
Days on market
-
Sold On
-
MLS number
ML82031658
Home ConditionFair
Features
Good View: Park/Greenbelt
Patio
ViewPark/Greenbelt

About this home

This elegant townhome offers resort-style living within the coveted, gated community of Rinconada Hills. Tucked away on a quiet cul-de-sac, the home features three bedrooms, two-and-a-half bathrooms, a huge primary suite with a walk-in closet, and a private backyard ideal for relaxing or entertaining. An open floor plan filled with natural light creates a welcoming atmosphere, complemented by upgraded dual-pane windows throughout. The home does need some TLC, presenting a wonderful opportunity for a buyer to update and personalize the space to their taste. Additional highlights include an oversized two-car attached garage with abundant built-in cabinetry, providing excellent storage and functionality. Set within a private 107-acre enclave, Rinconada Hills boasts an impressive array of amenities including multiple pools, tennis and pickleball courts, bocce ball, scenic walking trails, tranquil waterfalls, and a clubhouse. All of this is just minutes from downtown Los Gatos, Bay Club Courtside, and award-winning schools, offering an exceptional lifestyle in a premier location.

M
Mark Devlin
Listing Agent

Nearby schools

7/10
Westmont High School
Public,•9-12•0.5mi

Price History

Date
Event
Price
08/29/97
Sold
$379,000
10/22/03
Sold
$580,000
Condition Rating
Fair
Built in 1974, this townhome is 50 years old. While it appears well-maintained with upgraded dual-pane windows, the kitchen and bathrooms are significantly outdated in style, materials, and appliances (e.g., tile countertops, fluorescent kitchen lighting, carpet in primary bath vanity area, older wood vanities). The listing description explicitly states it 'needs some TLC' and offers an 'opportunity for a buyer to update and personalize the space.' This aligns with the 'fair' category, indicating it's aged but maintained, functional, yet requires minor updates to meet modern tastes.
Pros & Cons

Pros

Premier Gated Community & Location: Situated in the highly sought-after, gated Rinconada Hills community, offering resort-style living and minutes from downtown Los Gatos and award-winning schools.
Extensive Community Amenities: Residents enjoy an impressive array of amenities including multiple pools, tennis/pickleball courts, bocce ball, walking trails, waterfalls, and a clubhouse.
Desirable Interior Layout & Features: Features an open floor plan with abundant natural light, a huge primary suite with a walk-in closet, and upgraded dual-pane windows for comfort and efficiency.
Private Outdoor Space & Quiet Setting: Benefits from a private backyard perfect for relaxation or entertaining, located on a quiet cul-de-sac with pleasant park/greenbelt views.
Ample Parking & Storage: Includes an oversized two-car attached garage with extensive built-in cabinetry, providing excellent storage and functionality.

Cons

Requires Updates & Personalization: The property needs some tender loving care (TLC), offering a significant opportunity for a buyer to update and personalize the space to modern tastes.
High Association Fees: The monthly association fee of $2,046 is substantial and should be factored into the overall cost of ownership.
Older Construction: Built in 1974, the property's age suggests potential for dated systems or finishes that may require future investment beyond cosmetic updates.
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