18860 Overlook Road, Los Gatos, California 95030, Los Gatos, 95030 - 3 bed, 2 bath
ACTIVE$2,049,000$1,688/sqft
18860 Overlook Road, Los Gatos, California 95030
3Beds
2Baths
1,688Sqft
197,624Lot
Price Vs. Estimate
Estimation data not available
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 = 197624, living area = 1688.
Top Cons:
Poor Condition of Existing Structure: The 1920-built home 'may be uninhabitable' and is priced as land, indicating it likely requires a complete tear-down or extensive, costly renovation, adding significant upfront investment.
Compared to the nearby listings
Price:$2.05M vs avg $3.90M ($-1,851,000)3%
Size:1,688 sqft vs avg 2,753 sqft12%
Price/sqft:$1.2K vs avg $1.4K21%
More Insights
Built in 1920 (106 years old).
Condition: The property was built in 1920, making it over 100 years old. The listing explicitly states the home 'may be uninhabitable' and is 'priced as land,' with a strong suggestion to 'Tear down existing home and build your dream home.' The property analysis also highlights the 'Poor Condition of Existing Structure' and the likelihood of requiring a 'complete tear-down.' The images show an extremely dated and weathered exterior, consistent with a structure that has not seen major renovations in decades and is likely beyond repair, with its value primarily in the land.
Year Built
1920
Close
-
List price
$2.05M
Original List price
$2.05M
Price/Sqft
$1,214
HOA
-
Days on market
-
Sold On
-
MLS number
ML82026742
Home ConditionTear down
Features
Excellent View: City Lights, Hills, Mountain(s), Valley
Deck
ViewCity Lights,Hills,Mountain(s),Valley
About this home
Once in a generation property. On the market for the first time ever!!!!!!!! Almost 5 gently sloping acres less than 1.5miles to downtown Los Gatos. Very rare property with a single family home on it but priced as land. Home may be inhabitable but buyer to verify. Detached 2 car garage on property as well. Maybe the best view property in all of Los Gatos. Close to town but feels miles away. Unobstructed views of the Santa Clara Valley. Multiple flat building area on the property will give a developer/builder options for sure. Tear down existing home and build your dream home or maybe just remodel the existing home. So many choices. This is a trustees sale so owner has limited knowledge about the property. Buyer to verify utilities and potential development options.
C
Chris Ray
Listing Agent
Condition Rating
Tear down
The property was built in 1920, making it over 100 years old. The listing explicitly states the home 'may be uninhabitable' and is 'priced as land,' with a strong suggestion to 'Tear down existing home and build your dream home.' The property analysis also highlights the 'Poor Condition of Existing Structure' and the likelihood of requiring a 'complete tear-down.' The images show an extremely dated and weathered exterior, consistent with a structure that has not seen major renovations in decades and is likely beyond repair, with its value primarily in the land.
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 = 197624, living area = 1688.
Prime Los Gatos Location: Strategically located less than 1.5 miles from downtown Los Gatos, offering convenient access to amenities while maintaining a secluded, 'miles away' feel.
Significant Land & Development Potential: Nearly 5 gently sloping acres with multiple flat building areas, providing a rare and substantial opportunity for custom home construction or potential development, priced primarily for its land value.
Exceptional Panoramic Views: Boasts unobstructed, 'best in Los Gatos' views of the Santa Clara Valley, city lights, hills, and mountains, enhancing the property's intrinsic value and appeal.
Rare Market Opportunity: Described as a 'once in a generation property' and 'first time ever' on the market, highlighting its unique and exclusive nature for discerning buyers or developers.
Privacy and Seclusion: Offers a tranquil and private setting, providing an escape from urban bustle despite its close proximity to town conveniences.
Cons
Poor Condition of Existing Structure: The 1920-built home 'may be uninhabitable' and is priced as land, indicating it likely requires a complete tear-down or extensive, costly renovation, adding significant upfront investment.
Limited Seller Disclosure (Trustee Sale): As a trustee's sale, the owner has 'limited knowledge' about the property, increasing the buyer's risk and the necessity for thorough independent investigation.
Extensive Buyer Due Diligence Required: Buyers are explicitly responsible for verifying utilities, development options, and the home's habitability, which could involve significant time, expense, and potential unforeseen challenges.