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$12,980,000

Beds
7
Baths
6.5
sq ft
8,570

239 Forrester Rd, Los Gatos, CA 95032

239 Forrester Rd

Los Gatos, CA 95032

  • 168 days on market
One of the last great estates in Los Gatos. Conveniently located to downtown Los Gatos, this expansive property's living space is just under 10,000 sq ft and offers 7 bedrooms and 6.5 bathrooms, set on a 10.6-acre lot. The estate's stunning architecture and meticulously designed grounds provide a luxurious sanctuary featuring white stucco walls, stylish arches, and intricate detailing reminiscent of European grandeur. The groundwork is in place for two additional lots, offering the potential to create a grand family compound with three homes or sell separately to develop. The 8-car garage offers ample space for car enthusiasts, while the center courtyard provides a perfect venue for large outdoor events such as weddings & parties. Recreational facilities include a sports court and a large swimming pool adorned with decorative tiles, surrounded by a sun-drenched patio ideal for relaxation and entertainment. The landscape features a mix of neatly trimmed lawns and natural wooded areas, offering both aesthetic appeal and functional opportunities. Secret gardens enhance the property's allure, with poolside lounging areas perfect for unwinding. Just 2 miles to town, yet you feel like you're on vacation. This is a genuine estate that exudes timeless elegance and inherited wealth.

Details

Property type

Single Family Residence

Est. home value

$6,790,510

Lot size

10.6132 acres

Price per sq ft

$1,515

Year built

1989

HOA

No

Price History

06/09/2024
BridgeMLS

BridgeMLS #ML81966020

Listed
$12,980,000

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

Wells Fargo Home Mortgage Inc

Loan start date

March 2003

Original loan amount

$3,245,000

Est. remaining balance

Not provided

Interest rate

5.5%

Loan type

Not Provided, 30 year

Seller

Kenneth E Raasch and Linda Louise Raasch

Lender

Wells Fargo Home Mtg Inc

Loan start date

December 2001

Original loan amount

$3,390,000

Est. remaining balance

Not provided

Interest rate

6.25%

Loan type

Not Provided, 30 year

Seller

Kenneth E Raasch and Linda Louise Raasch

Lender

Bank Of America

Loan start date

August 2000

Original loan amount

$1,570,000

Est. remaining balance

$0

Interest rate

7.8%

Loan type

Not Provided, 13 year

Seller

Kenneth E Raasch and Linda Louise Raasch

Lender

Washington Mutual Bank Fa

Loan start date

October 1999

Original loan amount

$1,800,000

Est. remaining balance

Not provided

Interest rate

3.95%

Loan type

Not Provided, 30 year

Seller

Kenneth E Raasch and Linda L Raasch

Lender

Washington Mutual Bank Fa

Loan start date

June 1999

Original loan amount

$988,000

Est. remaining balance

Not provided

Interest rate

3.95%

Loan type

Not Provided, 30 year

Seller

Kenneth E Raasch and Linda L Raasch

Lender

Washington Mutual Bank Fa

Loan start date

May 1998

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

5.87%

Loan type

Not Provided, 30 year

Seller

Kenneth E Raasch and Linda L Raasch

Lender

Bank Of America National Tr & Svgs Assn

Loan start date

February 1997

Original loan amount

$1,800,000

Est. remaining balance

Not provided

Interest rate

5.75%

Loan type

Not Provided, 30 year

Seller

Kenneth E Raasch and Linda L Raasch

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?

Status: Active

Tomo last checked: 11/24/2024 at 4:35 PM

Listing updated: 11/19/2024 at 2:25 AM

Listed by: Kirsten Trapani, Christie's International Real Estate Sereno Phone #: (408) 761-0686

MLS: BridgeMLS #ML81966020

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