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560 University Avenue, Los Gatos, California 95032, Los Gatos, 95032 - 3 bed, 3 bath

560 University Avenue, Los Gatos, California 95032 home-pic-0
ACTIVE$1,999,000$1,964/sqft
Est. Value: $2,037,845
1%
FairlyEstimate
560 University Avenue, Los Gatos, California 95032
3Beds
3Baths
1,964Sqft
9,516Lot

Price Vs. Estimate

The estimated value ($2,037,845.28) is $38,845.28 (1%) lower than the list price ($1,999,000). 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 = 9516, living area = 1964.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1964, other record living area = 1072. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.

Compared to the nearby listings

Price:$2.00M vs avg $2.91M ($-911,000)5%
Size:1,964 sqft vs avg 2,185 sqft37%
Price/sqft:$1.0K vs avg $1.4K13%

More Insights

Built in 1947 (79 years old).
Condition: Despite being built in 1947, this property has undergone significant recent updates, including a newer Presidential comp roof installed in 2019 (5 years ago), freshly painted interior, and refreshed landscaping. The kitchen features granite counters and modern appliances (gas stove, microwave, dishwasher), indicating it's well-maintained and functional. The description highlights a 'turnkey condition' and 'move-in ready' status. While the absence of central air conditioning is a notable weakness, the overall condition, recent major system updates, and updated kitchen components place it firmly in the 'Good' category, requiring no immediate renovation.
Year Built
1947
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$1,018
HOA
-
Days on market
-
Sold On
-
MLS number
ML82031699
Home ConditionGood
Features
Deck
ViewNeighborhood

About this home

Welcome to this charming and bright Downtown Los Gatos home, offering 1,964 square feet of living space situated on a 9516 sf lot. This property features three bedrooms and three full bathrooms. 2 bedrooms and 2 bath on one side of the home and 1/1 on the other. This home offers options for generational families with side entrance access. Family room features a kitchenette. The kitchen is designed with an eat-in area, gas stove, microwave, dishwasher, and granite counters. Separate living room with a gas fireplace and sliding door to a large deck area. A separate family room with built-in desk space is ideal to work from home. Freshly painted interior and new, refreshed landscape with new Sod. Newer Presidential comp roof installed in 2019. Large Primary en-suite bedroom has a large walk-in closet,vaulted ceiling, fireplace, and private rear access. Expansive 2-car attached garage with extra storage. The sizable side yard gives way for a potential ADU( check with Town), RV or boat storage. Located within the highly sought-after Los Gatos School District serving Daves Avenue Elementary, Fisher Middle, and Los Gatos High School. This home is just steps from Safeway, Vasona Park, and popular downtown restaurants, offering both convenience and lifestyle.

D
Donna Chan
Listing Agent

Price History

Date
Event
Price
02/25/97
Sold
$480,000
09/08/10
Sold
$1,058,000
12/15/06
Sold
$1,135,000
04/26/06
Sold
$1,125,000
Condition Rating
Good
Despite being built in 1947, this property has undergone significant recent updates, including a newer Presidential comp roof installed in 2019 (5 years ago), freshly painted interior, and refreshed landscaping. The kitchen features granite counters and modern appliances (gas stove, microwave, dishwasher), indicating it's well-maintained and functional. The description highlights a 'turnkey condition' and 'move-in ready' status. While the absence of central air conditioning is a notable weakness, the overall condition, recent major system updates, and updated kitchen components place it firmly in the 'Good' category, requiring no immediate renovation.
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 = 9516, living area = 1964.
Exceptional Downtown Los Gatos Location: Steps away from amenities, Vasona Park, and popular restaurants, offering unparalleled convenience and lifestyle.
Highly-Rated Los Gatos School District: Zoned for top-tier Daves Avenue Elementary, Fisher Middle, and Los Gatos High School, a significant draw for families.
Flexible Living Arrangements & ADU Potential: Features a versatile floor plan with separate living areas ideal for multi-generational families, plus a sizable side yard offering potential for an ADU or RV/boat storage.
Recent Updates & Turnkey Condition: Benefits from a newer Presidential comp roof (2019), freshly painted interior, and refreshed landscaping, ensuring a move-in ready experience.
Luxurious Primary Suite & Dedicated Home Office: Boasts a spacious primary en-suite with a walk-in closet, vaulted ceiling, and fireplace, complemented by a separate family room with built-in desk space for remote work.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1964, other record living area = 1072. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Property Age: Built in 1947, the home's age may imply potential for older infrastructure or systems not explicitly updated, which could require future maintenance.
Absence of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant drawback during warmer months in California.
Premium Price Point: Listed at $1,999,000, this property represents a substantial investment, potentially limiting the pool of prospective buyers despite its desirable location and features.
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