576 W Parr Avenue 21, Los Gatos, California 95032, Los Gatos, 95032 - 2 bed, 1 bath
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576 W Parr Avenue 21
Los Gatos, California 95032
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
934Sq Ft
954Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$523,433
4% BelowMARKET VALUE
SUMMARY
This 55+ Condominium represents a Strong Value Opportunity, listed at $499,000—positioned well below the $523,433 Fair Market Value by 4%. This valuation gap offers $24,433 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the unit offers a turnkey interior with engineered hardwood floors and central AC. Residents enjoy premium amenities including a gated pool, spa, and private storage. This is an ideal acquisition for Retirees or Owner-Occupants seeking low-maintenance living in a prime Los Gatos location.
Estimated Market Value
$523,433+$24,433 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 |
|---|---|---|---|---|---|---|
★ 576 W Parr Avenue 21 Subject | $499,000* List Price | 2 | 1 | 934 | $560 | - |
A 576 W Parr Avenue 3 Sold | $550,000 | 2 | 1 | 934 | $589 | 0.0 mi |
B 576 W Parr Avenue 1 Sold | $530,000 | 2 | 1 | 934 | $567 | 0.0 mi |
C 576 W Parr Avenue 32 Sold | $507,506 | 2 | 2 | 1,054 | $482 | 0.0 mi |
D 14225 Lora 21 Pending | $448,000 List Price | 1 | 1 | 816 | $549 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1987 (37 years old), placing it in the >20-year category. While it features recent cosmetic improvements such as engineered hardwood floors and fresh paint, the kitchen remains dated with white tile countertops and older white appliances. The unit is functional and move-in ready, but the primary systems and cabinetry reflect the age of the building and suggest a need for future updates.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value
Priced at $499,000, this property offers the most affordable entry point into the prestigious Los Gatos market, providing significant value compared to area medians.
- Turnkey Interior
The unit features modern upgrades including engineered hardwood floors, fresh interior paint, and central air conditioning, ensuring a move-in-ready experience for the buyer.
- Comprehensive Amenities
Residents benefit from a secure gated community lifestyle with premium additions like underground parking, private storage, elevator access, and a full suite of recreational facilities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =954, other record lot size in square feet = 1587.
- Restrictive Demographics
As a 55+ age-restricted community, the potential buyer pool is significantly limited, which can impact future resale liquidity and market reach.
- High Carrying Costs
The $690 monthly association fee is relatively high for a one-bathroom unit, which may be a deterrent for retirees managing a fixed monthly budget.
About 576 W Parr Avenue 21
Best price for Los Gatos, come see for yourself. Enjoy comfortable Los Gatos living in this desirable 55+ gated community, just minutes from Downtown Los Gatos and Vasona Lake County Park. This spacious 2-bedroom, 1-bath condo features a freshly painted interior, central heat and air conditioning, engineered hardwood floors throughout, and an oversized private balcony. Enjoy secure underground assigned parking a personal private storage room, and elevator access. Community amenities include a gated pool, spa, BBQ area, and recreation room with a full kitchen. Beautiful new awning provides comforting shade on your patio balcony creating that indoor outdoor living experience. One occupant 55+, 2nd occupant 45+, but buyers could be younger. Conveniently located near Highways 17 and 85, this is an excellent opportunity to enjoy low-maintenance living in a sought-after Los Gatos location.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 954 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $690.0 / Month
Neighborhood Insights
Los Gatos Unified Schools
Westmont High School
Grades 9-12 • 1.3 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 1.8 |
| Square foot | 934 | 1,297.833 |
| Lot Size | 954 | 1,130 |
| Price | $499.0K | $1.06M |
| Price per sq ft | $534 | $868 |
| Built year | 1987 | 1988 |
| HOA | $690.0 | $539 |
| Days on market | 62 | 73 |
Pricing History
Listed for Sale
Aug 19, 2026
$499,000
$569,000
-12% Price Drop
Initial Listing
Price Change
Jul 9, 2026
$569,000
Initial Listing
Sold
Oct 17, 2023
$650,000
Public Record
Sold
Oct 4, 2016
$470,000
Public Record
Sold
Oct 12, 2007
$425,000
Public Record