15292 Stratford Court, Monte Sereno, California 95030, Monte Sereno, 95030 - 5 bed, 3 bath
ACTIVE$3,498,000
15292 Stratford Court, Monte Sereno, California 95030
5Beds
3Baths
3,087Sqft
34,533Lot
Price Vs. Estimate
The estimated value ($3,498,000) is $0 (0%) lower than the list price ($3,498,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34533, living area = 3087.
Top Cons:
Age of Existing Structure: Built in 1964, the current home, while maintained, may not align with modern luxury expectations and is likely to be viewed as a tear-down for buyers intending to utilize the approved development plans.
Compared to the nearby listings
Price:$3.50M vs avg $3.79M ($-287,000)46%
Size:3,087 sqft vs avg 2,559 sqft67%
Price/sqft:$1.1K vs avg $1.4K13%
More Insights
Built in 1964 (61 years old).
Condition: The property, built in 1964, is described as 'beautifully maintained' and 'ready for immediate enjoyment,' indicating it is functional and livable. However, the images reveal significantly dated kitchen and bathroom styles, including wood cabinets, laminate/tile countertops, and older fixtures. While clean and well-kept, these areas would require substantial updates to meet current aesthetic and quality standards. The overall condition aligns with a 'fair' rating, as it is aged but maintained, with major components functional but showing signs of being outdated, requiring minor to moderate updates for modernization.
Year Built
1964
Close
-
List price
$3.5M
Original List price
$3.8M
Price/Sqft
$1,133
HOA
-
Days on market
-
Sold On
-
MLS number
ML82015687
Home ConditionFair
Features
Good View:
Deck
View-
About this home
One-of-a-Kind Opportunity in Prestigious Monte Sereno! Set on a sprawling 34,533 SqFt flat lot with its own private driveway, this light-filled and beautifully maintained home is ready for immediate enjoyment. Move right in and experience the charm of an inviting residence in a serene, tree-lined neighborhood surrounded by multi-million dollar estates. For those with bigger dreams, this property also comes with FINAL approved permits for a remarkable 7,177 SqFt luxury estate plus a 1,195 SqFt attached ADUtotaling 8,372 SqFt of living space. Whether you choose to enjoy the existing home as-is or take advantage of the ready-to-build plans, the potential here is extraordinary. Just minutes from downtown Los Gatos and Saratoga, The Mountain Winery, top-rated schools, shopping, dining, and major freeways. Plans available upon request. A true gem with unmatched land value, lifestyle, and future upside.
Condition Rating
Fair
The property, built in 1964, is described as 'beautifully maintained' and 'ready for immediate enjoyment,' indicating it is functional and livable. However, the images reveal significantly dated kitchen and bathroom styles, including wood cabinets, laminate/tile countertops, and older fixtures. While clean and well-kept, these areas would require substantial updates to meet current aesthetic and quality standards. The overall condition aligns with a 'fair' rating, as it is aged but maintained, with major components functional but showing signs of being outdated, requiring minor to moderate updates for modernization.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34533, living area = 3087.
Pre-Approved Development Opportunity: The property comes with final approved permits for a remarkable 7,177 SqFt luxury estate plus a 1,195 SqFt attached ADU, totaling 8,372 SqFt of living space, significantly de-risking and expediting future development.
Expansive & Usable Lot: Set on a sprawling 34,533 SqFt (0.79 acre) flat lot with its own private driveway, offering rare space, privacy, and flexibility for a custom luxury build.
Prime Monte Sereno Location: Located in a prestigious, serene, tree-lined neighborhood surrounded by multi-million dollar estates, with excellent proximity to top-rated schools, downtown Los Gatos/Saratoga, and major freeways.
Exceptional Future Upside: The combination of unmatched land value, a prime location, and ready-to-build luxury plans presents extraordinary long-term appreciation and investment potential.
Immediate Occupancy Option: The existing 5-bed, 3-bath, 3087 SqFt home is beautifully maintained and ready for immediate enjoyment, providing a comfortable living option while future development plans are considered or executed.
Cons
Age of Existing Structure: Built in 1964, the current home, while maintained, may not align with modern luxury expectations and is likely to be viewed as a tear-down for buyers intending to utilize the approved development plans.
Substantial Additional Investment Required: Realizing the property's full potential as an 8,372 SqFt luxury estate necessitates a significant construction budget beyond the purchase price.
Recent Price Adjustment: A recent price reduction from $3.798M to $3.498M could indicate initial overpricing or a need to attract more buyer interest, potentially raising questions about market perception.