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23583 Summit Road, Los Gatos, California 95033, Los Gatos, 95033 - 5 bed, 4 bath

23583 Summit Road, Los Gatos, California 95033 home-pic-0
ACTIVE$2,749,000
23583 Summit Road, Los Gatos, California 95033
5Beds
4Baths
3,383Sqft
79,279Lot

Price Vs. Estimate

The estimated value ($2,614,339.88) is $134,660.12 (4%) lower than the list price ($2,749,000). 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 = 79279, living area = 3383.
Top Cons:
Price Reduction History: The property has experienced a notable price reduction from its original list price of $2.975M to $2.749M, which could indicate initial overpricing or market adjustments.

Compared to the nearby listings

Price:$2.75M vs avg $1.25M (+$1,504,000)95%
Size:3,383 sqft vs avg 2,061 sqft88%
Price/sqft:$813 vs avg $66983%

More Insights

Built in 2007 (18 years old).
Condition: The property was built in 2007, making it 17 years old, which falls within the 'Good' category's age range. The images reveal a well-maintained home with high-quality finishes, hardwood floors, recessed lighting, and a modern aesthetic throughout. The kitchen features granite countertops, stainless steel appliances (including a double oven and gas range), and a stylish tile backsplash, all appearing in excellent condition. Bathrooms also show modern fixtures and finishes. While the property is in excellent, move-in ready condition with no immediate renovations required and high-end features, it hasn't undergone a full recent renovation within the last 5 years to qualify for an 'Excellent' rating based strictly on the age criteria. However, its overall quality, maintenance, and features lean strongly towards the higher end of 'Good'.
Year Built
2007
Close
-
List price
$2.75M
Original List price
$2.98M
Price/Sqft
$813
HOA
-
Days on market
-
Sold On
-
MLS number
ML82004329
Home ConditionGood
Features
Good View:
Deck
View-

About this home

Location, location, location!! Step into serenity at this exclusive gated country estate just 15 mins from downtown Los Gatos & 25 mins to beautiful Santa Cruz beaches. Nestled in a park-like setting this is mountain living refined, where sweeping landscapes, beautiful tree lined views & lush privacy meet luxury & convenience. Prime Location & Lifestyle, this retreat offers tranquil seclusion yet a mere stroll from the Summit Store, Loma Prieta Elementary & C.T. English Middle School. Host unforgettable gatherings in the stunning outdoor kitchen, set among garden terraces under mature trees. Entertain against the backdrop of soaring redwoods, mountain views, expansive lawns, & a fenced vegetable garden awaiting your culinary imagination. Sun-Drenched Acreage, A rare find: perfect for recreation, a large private sauna, gardening or your dream pool/outdoor lounge. Through the gated entry, discover an interior flooded with natural light, soaring ceilings, & fine finishes. Office could be a 6th bedroom! The gourmet kitchen features high-end appliances, open sightlines,& flows seamlessly into both formal & casual living spaces. This property is a rare gem of privacy, lifestyle, & convenience, all wrapped in breathtaking natural beauty. Award winning Loma Prieta & Los Gatos Schools.

Condition Rating
Good
The property was built in 2007, making it 17 years old, which falls within the 'Good' category's age range. The images reveal a well-maintained home with high-quality finishes, hardwood floors, recessed lighting, and a modern aesthetic throughout. The kitchen features granite countertops, stainless steel appliances (including a double oven and gas range), and a stylish tile backsplash, all appearing in excellent condition. Bathrooms also show modern fixtures and finishes. While the property is in excellent, move-in ready condition with no immediate renovations required and high-end features, it hasn't undergone a full recent renovation within the last 5 years to qualify for an 'Excellent' rating based strictly on the age criteria. However, its overall quality, maintenance, and features lean strongly towards the higher end of 'Good'.
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 = 79279, living area = 3383.
Exceptional Location & School District: This exclusive gated country estate offers tranquil seclusion just 15 minutes from downtown Los Gatos and 25 minutes to Santa Cruz beaches, with the added benefit of being zoned for award-winning Loma Prieta and Los Gatos schools.
Luxurious Outdoor Entertainment: The property features a stunning outdoor kitchen, garden terraces, expansive lawns, a fenced vegetable garden, and a private sauna, creating an ideal environment for hosting and recreation amidst natural beauty.
High-End Interior Design & Finishes: The interior is characterized by abundant natural light, soaring ceilings, fine finishes, and a gourmet kitchen equipped with high-end appliances, providing a refined and modern living experience.
Versatile & Expansive Acreage: The sun-drenched acreage offers significant potential for recreation, gardening, or future enhancements like a pool/outdoor lounge, with the flexibility of an office space that can convert to a 6th bedroom.
Privacy & Scenic Views: Nestled in a park-like setting, the property provides lush privacy, sweeping landscapes, and beautiful tree-lined mountain views, embodying a serene and picturesque mountain living experience.

Cons

Price Reduction History: The property has experienced a notable price reduction from its original list price of $2.975M to $2.749M, which could indicate initial overpricing or market adjustments.
Mountain Living Specifics: While offering serenity, its mountain location may entail specific considerations such as potentially winding access roads, longer commute times for daily errands, or unique maintenance requirements compared to suburban properties.
Limited Immediate Urban Access: Despite being a short drive from downtown Los Gatos, the property's secluded nature means it lacks immediate walking access to extensive urban amenities, which might not suit all buyer preferences.

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