576 W Parr Avenue 3, Los Gatos, California 95032, Los Gatos, 95032 - 2 bed, 1 bath
576 W Parr Avenue 3
Los Gatos, California 95032
Property Price
SUMMARY
Analysis of 576 W Parr Avenue 3, Los Gatos, California 95032 is currently available with a list price of $599,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Gatos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is exceptionally well-maintained and move-in ready with recent cosmetic updates including fresh paint and new carpeting. However, based on the 1987 build date and visual evidence, the kitchen and bathroom retain their original layout, cabinetry, and older white appliances. While functional and clean, these core areas show signs of being outdated and have not undergone the extensive modern renovation required for a higher rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated minutes from downtown Los Gatos, Campbell, and Vasona Park, the property offers residents convenient access to premier dining, shopping, and essential medical facilities like Good Samaritan Hospital.
- Extensive Community Amenities
The Villa Capri complex features a robust amenity package including a swimming pool, spa, clubhouse with a full kitchen, fitness room, and secure underground parking with private storage.
- Exceptional Market Value
With updated paint and carpet, in-unit laundry, and a competitive list price, this unit provides a rare, affordable entry point into the highly desirable Los Gatos real estate market.
CONSRISKS & DEFICIENCIES
- Age-Restricted Living
The 55+ community requirement limits the potential buyer pool to a specific demographic, which can impact long-term resale flexibility and market demand.
- High Monthly HOA Fees
At $690 per month, the association fees are relatively high, adding a substantial fixed cost to the monthly carrying expenses for a two-bedroom unit.
About 576 W Parr Avenue 3
Discover the best value in Los Gatos while living in this bright and inviting 55+ community, perfectly located minutes from downtown Los Gatos, Campbell, and Vasona Park. This beautifully maintained condo offers a comfortable layout with separate living and dining areas, updated paint and carpet, in-unit laundry, and a generous balcony with swimming pool views. Villa Capri has just 35 units and provides secure underground parking with individual private storage, gated visitor parking, elevators, and well-kept grounds. Enjoy a wide range of amenities including a pool, spa, BBQ area, clubhouse with full kitchen, fitness room, and workshop - ideal for relaxing or gathering with friends and neighbors. With close proximity to groceries, restaurants, coffee shops, El Camino and Good Samaritan Hospitals, and major commute routes, this quiet and friendly neighborhood offers both convenience and serenity. One occupant must be 55+, but buyers may be younger. A wonderful opportunity to enjoy the best of Los Gatos at exceptional value.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- -
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
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 27% |
| Square foot | 934 | 1,136 | 9% |
| Lot Size | - | - | 50% |
| Price | $599.0K | $680.0K | 27% |
| Price per sq ft | $641 | $641 | 50% |
| Built year | 1987 | 1978 | 73% |
| HOA | $690.0 | $721 | 36% |
| Days on market | 4 | 110 | 9% |
Pricing History
Listed for Sale
Mar 3, 2026
$599,000
Initial Listing
Sold
Nov 25, 2008
$310,000
Public Record
Sold
Nov 24, 1998
$254,000
Public Record