tomo logo

$4,998,000

Beds
3
Baths
1.0
sq ft
1,150

14915 Shannon Rd, Los Gatos, CA 95032

14915 Shannon Rd

Los Gatos, CA 95032

  • 122 days on market
Priced to Sell! This is a once-in-a-lifetime opportunity to own 27.09 acres of prime land in one of Los Gatos' most prestigious neighborhoods. One of the last large parcels in LG. This versatile property includes a small house, barn, horse arena & utility building. The land is perfect for developing custom homes, a luxury winery, a luxury estate, or a sprawling family compound. The upper lot is accessed through Santa Rosa/Sierra Azule making a stunning homesite w/ expansive mountain & valley views. The property is currently undergoing site approval & rezoning from agriculture to hillside residential (2.5 acres). Also, there is flexibility to make lot adjustment of the 2 parcels. This exceptional property is not only rich in potential but also comes with a significant amount of civil engineering and entitlements already in place. The site has undergone thorough evaluations & key entitlements have been secured significantly reducing the time/effort needed to move forward with your vision. With so many subdivision possibilities, the potential here is limitless, the location is unbeatable just 10 min from Netflix & a short commute to tech. Enjoy EZ access to Downtown LG. Top LG schools: Blossom Hill, Fisher Middle & LG High. This is your last chance to own a truly unique property

Details

Property type

Single Family Residence

Lot size

27.09 acres

Price per sq ft

$4,347

Year built

1945

HOA

No

Price History

08/22/2024
BridgeMLS

BridgeMLS #ML81977555

Listed
$4,998,000
-16.67%
02/22/2024
BridgeMLS

BridgeMLS #ML81951068

Removed
$5,998,000
01/29/2024
BridgeMLS

BridgeMLS #ML81951068

Listed
$5,998,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Gatos-Saratoga Joint Union High

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

John W Hoffee

Loan start date

September 2020

Original loan amount

$3,600,000

Est. remaining balance

Not provided

Interest rate

2.88%

Loan type

Commercial

Seller

Diane Barnett and Ray M Elam Iii

Lender

Banc Of California Na

Loan start date

December 2015

Original loan amount

$700,000

Est. remaining balance

Not provided

Interest rate

2.89%

Loan type

Not Provided

Seller

Diane Barnett and Ray M Elam Iii

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 3:10 PM

Listing updated: 11/23/2024 at 3:40 AM

Listed by: Boyenga Team, Compass Phone #: (408) 373-1660

MLS: BridgeMLS #ML81977555

BridgeMLS logo

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