16315 Lilac Lane, Los Gatos, California 95032, Los Gatos, 95032 - 3 bed, 2 bath
ACTIVE$2,450,000$1,559/sqft
Est. Value: $2,352,623
-3%
AboveEstimate
16315 Lilac Lane, Los Gatos, California 95032
3Beds
2Baths
1,559Sqft
8,160Lot
Price Vs. Estimate
The estimated value ($2,352,623.465) is $97,376.535 (3%) lower than the list price ($2,450,000). 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 = 8160, living area = 1559.
Top Cons:
Extensive Renovation Required: Being in 'original condition' means the property will require substantial investment for modernization and upgrades to meet contemporary standards and buyer expectations.
Compared to the nearby listings
Price:$2.45M vs avg $2.91M ($-460,000)29%
Size:1,559 sqft vs avg 2,185 sqft16%
Price/sqft:$1.6K vs avg $1.4K76%
More Insights
Built in 1958 (68 years old).
Condition: The property, built in 1958, is explicitly described as being in 'original condition,' which is confirmed by the images. The kitchen features highly outdated wood cabinets, tiled countertops, and very old appliances (wall oven, cooktop). Both bathrooms have original-era fixtures, vanities, and tiles that are significantly past their functional and aesthetic prime. Flooring (worn carpet, old tile) and light fixtures are also dated. While the structure appears functional, the age of the home (66 years) and lack of major renovations mean that all major systems (electrical, plumbing, HVAC) are likely original or very old, requiring substantial rehabilitation and upgrades to meet modern standards and ensure long-term safety and efficiency. This necessitates a comprehensive renovation, aligning with the 'poor' condition criteria.
Year Built
1958
Close
-
List price
$2.45M
Original List price
$2.45M
Price/Sqft
$1,572
HOA
-
Days on market
-
Sold On
-
MLS number
ML82030397
Home ConditionPoor
Features
Patio
ViewMountain(s), Neighborhood
About this home
Welcome to 16315 Lilac Lane, a prime opportunity in the desirable Blossom Hill Manor neighborhood of Los Gatos. This single story 3 bed, 2 bath home, built in 1958, offers 1,559 sq ft of interior space on an 8,160 sq ft lot. In original condition, it provides an exceptional chance to update, expand, or redesign to suit your vision. The layout features classic mid century lines and a functional footprint ready for transformation. A detached garage adds versatility for parking, storage, or potential workshop use, and the lot configuration may offer opportunities for an ADU, subject to buyer verification. The property's generous lot size supports outdoor living, landscaping, or future improvements. Located close to parks, shopping, dining, and major commute routes, this home combines a sought after location with significant potential. A rare opportunity to create a custom residence in one of Los Gatos most established and well loved neighborhoods.
G
Gregg Fussell
Listing Agent
Nearby schools
9/10
Blossom Hill Elementary School
Public,•K-5•0.2mi
8/10
Loma Prieta Elementary School
Public,•K-5•7.8mi
8/10
Raymond J. Fisher Middle School
Public,•6-8•0.7mi
9/10
Union Middle School
Public,•6-8•1.2mi
9/10
C. T. English Middle School
Public,•6-8•7.8mi
10/10
Los Gatos High School
Public,•9-12•1.6mi
8/10
Leigh High School
Public,•9-12•1.8mi
Condition Rating
Poor
The property, built in 1958, is explicitly described as being in 'original condition,' which is confirmed by the images. The kitchen features highly outdated wood cabinets, tiled countertops, and very old appliances (wall oven, cooktop). Both bathrooms have original-era fixtures, vanities, and tiles that are significantly past their functional and aesthetic prime. Flooring (worn carpet, old tile) and light fixtures are also dated. While the structure appears functional, the age of the home (66 years) and lack of major renovations mean that all major systems (electrical, plumbing, HVAC) are likely original or very old, requiring substantial rehabilitation and upgrades to meet modern standards and ensure long-term safety and efficiency. This necessitates a comprehensive renovation, aligning with the 'poor' condition criteria.
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 = 8160, living area = 1559.
Great Schools: Elementary School: Blossom Hill Elementary School (9/10). Middle School: Union Middle School (9/10). High School: Los Gatos High School (10/10).
Prime Location: Situated in the highly desirable Blossom Hill Manor neighborhood of Los Gatos, offering excellent access to parks, shopping, dining, and major commute routes.
Significant Customization Potential: The home is in original condition, providing an exceptional opportunity for buyers to update, expand, or completely redesign to their personal vision and taste.
Generous Lot Size with ADU Potential: The 8,160 sq ft lot is ample for outdoor living, landscaping, and potentially adding an Accessory Dwelling Unit (ADU), enhancing property value and utility.
Top-Rated School District: Located within an excellent school district, with highly-rated elementary, middle, and high schools in close proximity, a major draw for families.
Versatile Detached Garage: A detached garage offers flexibility for parking, additional storage, or conversion into a workshop or other functional space.
Cons
Extensive Renovation Required: Being in 'original condition' means the property will require substantial investment for modernization and upgrades to meet contemporary standards and buyer expectations.
Older Systems and Infrastructure: Built in 1958, the home likely has outdated electrical, plumbing, and HVAC systems, which could lead to significant replacement costs and potential maintenance issues.
Modest Interior Square Footage: At 1,559 sq ft, the interior living space is relatively modest for the Los Gatos market and its price point, especially considering the need for renovation.