162 Milmar Way, Los Gatos, California 95032, Los Gatos, 95032 - 2 bed, 2 bath
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162 Milmar Way
Los Gatos, California 95032
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,494Sq Ft
1,400Lot Size
Property Price
LIST PRICE$1,390,000
EST. MARKET VALUE
$1,479,279
6% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $1,390,000—positioned well below the $1,479,279 Fair Market Value by 6%. This valuation gap provides $89,279 in Instant Equity. With an Excellent Condition Rating, the home features a Remodeled Primary Bathroom, Brand-New 2025 LG Appliances, and a Versatile Floor Plan with a den and loft. Located near Top-Rated Schools like Union Middle, this property is an ideal choice for Owner-Occupants or first-time buyers seeking a move-in ready sanctuary.
Estimated Market Value
$1,479,279+$89,279 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Gatos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 162 Milmar Way Subject 2 bd · 2 ba · 1,494 sqft · $990 | $1,390,000* List Price | 2 | 2 | 1,494 | $990 | - |
A 15004 Briggs Court Sold 2 bd · 2 ba · 1,443 sqft · $811 · 0.9 mi | $1,170,000 | 2 | 2 | 1,443 | $811 | 0.9 mi |
B 120 Carlton Avenue 51 Sold 3 bd · 3 ba · 1,604 sqft · $913 · 0.6 mi | $1,465,000 | 3 | 3 | 1,604 | $913 | 0.6 mi |
C 16279 Gellatt Court Sold 1 bd · 1 ba · 1,039 sqft · $1,049 · 0.9 mi | $1,090,000 | 1 | 1 | 1,039 | $1,049 | 0.9 mi |
D 15016 Briggs Court Active Under Contract 2 bd · 2 ba · 1,440 sqft · $868 · 0.9 mi | $1,249,999 List Price | 2 | 2 | 1,440 | $868 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1972 build date, the property has undergone significant recent renovations including a fully remodeled primary bathroom and a kitchen featuring brand-new 2025 LG appliances. Systems are well-maintained with central AC, dual-pane windows, a water-softening system, and a new 2025 washer/dryer, meeting the criteria for a high-quality, move-in ready home with no immediate maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Union Middle School (9/10).
- Modern Upgrades & Turn-key Condition
The home features significant recent improvements, including brand-new 2025 LG appliances, a remodeled primary bathroom, wood flooring, and central air conditioning, ensuring a move-in-ready experience for the buyer.
- Versatile Floor Plan
The layout offers exceptional flexibility with a ground-floor den that can function as a third bedroom and an upstairs loft perfect for a home office, catering to growing families or remote professionals.
CONSRISKS & DEFICIENCIES
- Limited Private Outdoor Space
As a condominium with a small 1,400 sqft lot, the private outdoor area is restricted to a deck and balcony, which may not appeal to buyers seeking a traditional spacious backyard.
- Building Age
Constructed in 1972, the property may require ongoing attention to aging infrastructure or common elements typical of older developments, despite the extensive interior renovations.
About 162 Milmar Way
Welcome to 162 Milmar Way, a peaceful home in the desirable Los Gatos community. You'll be drawn to the open-concept design of this two-bedroom, two-bathroom, two-story home, with a two-car garage, and NO COMMON WALLS IN THE LIVING AREA. With approximately 1,494 square feet of living space, the home has been upgraded, including wood flooring, central air conditioning, a patio with wood deck, a remodeled primary bathroom, a water-softening system, and dual-pane windows. The kitchen has been upgraded with brand-new LG appliances, including a range, microwave, refrigerator, and dishwasher. Recessed lighting, granite countertops, and wood cabinetry with ample storage create a kitchen that is both timeless and functional ideal for those who enjoy cooking at home. Both upstairs bedrooms are generously sized. The primary bedroom includes a private balcony and additional storage space. The garage is equipped with storage shelving, along with a new LG washer and dryer installed in 2025. The home is conveniently located away from busy roads while being adjacent to the community's green spaces. The ground floor den having a closet can be turned into the THIRD BEDROOM. The loft upstairs can be an OFFICE ideal for those who work from home. The Los Gatos Village has a pool, a club house.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- 1,400 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $409.0 / Month
Neighborhood Insights
Los Gatos Unified Schools
Union Middle School
Grades 6-8 • 0.6 mi
9/10
Leigh High School
Grades 9-12 • 1.3 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 1.9 |
| Square foot | 1,494 | 1,309.571 |
| Lot Size | 1,400 | 1,027 |
| Price | $1.39M | $1.17M |
| Price per sq ft | $930 | $880 |
| Built year | 1972 | 1986 |
| HOA | $409.0 | $759 |
| Days on market | 29 | 81 |
Pricing History
Listed for Sale
Sep 25, 2026
$1,390,000
Initial Listing
Sold
Dec 28, 2012
$615,000
Public Record