tomo logo

$2,500,000

Beds
3
Baths
2.5
sq ft
2,500

375 Old Mount Rd, Felton, CA 95018

375 Old Mount Rd

Felton, CA 95018

  • 141 days on market
    • Price drop $99,000↓
Uncover a peaceful retreat in this stunning home, offering breathtaking sunrise, sunset, and vineyard views from every window. This dry-farmed vineyard of 35-year-old vines can produce over 300 cases of exquisite Chardonnay, Zinfandel, and Syrah annually. A 2-acre pond, teeming with turtles and ducks, accentuates the serene, private setting. The house embodies elegance, boasting vaulted ceilings, a grand brick fireplace, and a sun-soaked study with built-in shelving. The open-plan design houses a fully-stocked kitchen with quartz countertops, a breakfast bar, and a pantry. The primary bedroom enchants with a luxurious marble ensuite, French doors to the patio, and unparalleled views. Additional highlights include an upgraded A/C system, newer generator recently, expanded Trex deck, asphalt driveway, and an extra-large dog house. The property is Cannabis license-ready, with all plans and paperwork completed. Easy access to Hwy 17 ensures a seamless commute.

Details

Property type

Single Family Residence

Est. home value

$2,500,388

Lot size

31.53 acres

Price per sq ft

$1,000

Year built

1987

Price History

10/03/2024
BridgeMLS

BridgeMLS #ML81970303

Price change
$2,500,000
-3.81%
06/20/2024
BridgeMLS

BridgeMLS #ML81970303

Listed
$2,599,000
+45.6%
08/18/2020
BridgeMLS

BridgeMLS #ML81786863

Sold
$1,785,000
+25.26%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Scotts Valley Unified

Negotiation Insights

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

Seller could get up to

$1,001,302
Asking price
$2,500,000
Closing costs (~8% of asking)
-$200,000
Est. remaining loan balance
-$1,298,698
Cash to seller
$1,001,302

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Us Bank Na

Loan start date

June 2020

Original loan amount

$1,428,000

Est. remaining balance

$1,298,698

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

Masood Madani and Ruth Madani

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?

Similar Homes Nearby

BridgeMLS
$2,798,000
3 bd
|
2.5 ba
|
1,913 sq ft
|
House

102 Euclid Ave, Los Gatos, CA 95030

BridgeMLS
$2,799,000
3 bd
|
3 ba
|
1,785 sq ft
|
House

30 Tait Ave, Los Gatos, CA 95030

BridgeMLS
$2,795,000
4 bd
|
2.5 ba
|
3,014 sq ft
|
House

255 Cresci Rd, Los Gatos, CA 95033

Status: Active

Tomo last checked: 11/08/2024 at 2:05 PM

Listing updated: 10/03/2024 at 3:13 AM

Listed by: The Madani Team, Room Real Estate Phone #: (831) 234-6683

MLS: BridgeMLS #ML81970303

BridgeMLS logo

Recently listed in Felton

$1,098,000|3 bd|2.0 ba|House
$550,000|2 bd|1.0 ba|House
$1,200,000|3 bd|2.0 ba|House
$975,000|3 bd|2.0 ba|House
$685,000|1 bd|2.0 ba|House
$369,000|2 bd|1.0 ba|House
$749,999|3 bd|2.0 ba|House
$599,000|2 bd|1.0 ba|House
$1,250,000|3 bd|2.5 ba|House
$770,000|2 bd|2.0 ba|House