139 El Olivar, Los Gatos, California 95032, Los Gatos, 95032 - 3 bed, 3 bath
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Los Gatos, California 95032
This Spacious Rinconada Hills Townhouse is a Strong Value Opportunity, listed at $1,500,000—positioned well below the $1,607,834 Fair Market Value by 6%. This valuation gap provides $107,834 in Instant Equity. While maintaining a Condition Rating of 4, the well-maintained 1974 interior offers significant upside through cosmetic modernization. Residents enjoy resort-style amenities including multiple pools and tennis courts within a gated 107-acre enclave served by Westmont High School. This is an ideal acquisition for Owner-Occupants seeking forced appreciation or Buy-and-Hold Investors targeting a premier Los Gatos asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 139 El Olivar Subject | $1,500,000* List Price | 3 | 3 | 1,637 | $982 | - |
A 111 El Olivar Sold | $1,750,000 | 3 | 3 | 1,637 | $1,069 | 0.1 mi |
B 117 El Olivar Sold | $1,650,000 | 3 | 3 | 1,637 | $1,008 | 0.1 mi |
C 215 Elm Wood Court Sold | $1,575,000 | 3 | 3 | 1,831 | $860 | 0.7 mi |
D 514 Pine Wood Court Sold | $1,600,000 | 3 | 3 | 1,520 | $1,053 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this property is well-maintained but significantly dated. Interior photos reveal original or older features such as popcorn ceilings, 1970s-style square tile flooring, and fluorescent light boxes in the kitchen. While functional and move-in ready, the kitchen and bathrooms are well over 20 years old and require modernization to meet current market standards.
Situated in the prestigious Rinconada Hills, the property offers access to 107 acres of gated grounds, including multiple pools, tennis and pickleball courts, and scenic walking paths.
The home is ideally located just minutes from downtown Los Gatos shopping and dining, with excellent proximity to Highway 17 for convenient commuting.
The 1,637 sq ft floor plan features expansive windows that flood the home with natural light, complemented by a private backyard and a spacious primary suite.
The monthly association fee of $2,076 is substantial, which significantly increases the total cost of ownership and may impact buyer qualification.
Built in 1974 and noting 'recently cleaned carpets,' the property likely requires cosmetic updates and modernization to meet the expectations of today's luxury buyers.
Located in the prestigious, gated community of Rinconada Hills, this beautifully positioned two-story townhouse offers approximately 1,637 sq ft of thoughtfully designed living space on a ~2,800 sq ft lot. Featuring 3 bedrooms and 2.5 bathrooms, the home is filled with natural light from expansive windows and offers a comfortable, functional layout ideal for both everyday living and entertaining. The well-appointed kitchen provides ample cabinetry, while the spacious primary suite serves as a relaxing retreat with its own en-suite bath. A private backyard creates a serene setting to unwind or host guests. There is an attached two-car garage with laundry hookups, and the home features recently cleaned carpets. Rinconada Hills is a premier, gated Los Gatos community offering controlled access, scenic walking paths, and 107 acres of beautifully maintained grounds with mature landscaping. Residents enjoy resort-style amenities including multiple pools, tennis and pickleball courts, bocce ball, a lake, cascading ponds, clubhouse, and community gardens all set against stunning views of the Santa Cruz Mountains and Santa Clara Valley. Ideally located just minutes to downtown Los Gatos, shopping, dining, parks, and with easy access to Highway 17 for commuting.
No exterior & parking available.
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,637 | 1,637 | 50% |
| Lot Size | - | 462 | 50% |
| Price | $1.50M | $1.60M | 35% |
| Price per sq ft | $916 | $1.0K | 35% |
| Built year | 1974 | 1974 | 50% |
| HOA | $2076.0 | $648 | 88% |
| Days on market | 13 | 93 | 4% |
Apr 9, 2026
$1,500,000
Initial Listing