1
Map
$2,998,000
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Land -
For Sale
15275 Elm Park
Monte Sereno, CA 95030
Studio
0 Bath
$14,721
Est. Monthly
About This Property
Incredible opportunity to build your dream estate in Monte Sereno!
Enjoy a mostly level parcel of almost one acre surrounded by
other estate properties in this established neighborhood set with a
backdrop of the Santa Cruz Mtns. This private and serene
location on Elm Park is conveniently located off Bicknell Road with
easy access to downtown Los Gatos or Saratoga. The parcel has
always been part of a larger estate and used for the owner's horses
with a coral and workshop. The workshop is in good shape and
perfect to use during construction for material storage or
refurbish the building to be part of your new estate! This
fabulous parcel will not last long, don't miss this opportunity to
design and built your dream estate!
Unit Size
-
Days on Market
1495 days
Land Size
0.98 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MLSListings Inc. #ML81909065)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2024 | Relisted | $2,998,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 30, 2022 | Listed | $2,998,000 | |
| Listed | |||
| | |||
|
Incredible opportunity to build your dream estate in Monte Sereno! Enjoy a mostly level parcel of almost one acre surrounded by other estate properties in this established neighborhood set with a backdrop of the Santa Cruz Mtns. This private and serene location on Elm Park is conveniently located off Bicknell Road with easy access to downtown Los Gatos or Saratoga. The parcel has always been part of a larger estate and used for the owner's horses with a coral and workshop. The workshop is in good shape and perfect to use during construction for material storage or refurbish the building to be part of your new estate! This fabulous parcel will not last long, don't miss this opportunity to design and built your dream estate!
| |||
Property Highlights
Exterior Details
Lot Size Area: 42523
Lot Size Units: Square Feet
Lot Size Acres: 0.9762
Lot Size Square Feet: 42523
Water Source: None
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Bicknell
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Listed by: Amy A. McCafferty, Golden Gate Sotheby's International Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# ML81909065
Last Updated: 2 years ago
Data Source: CRMLS, MLS# ML81909065
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