Check Availability

16240 Brooke Acres Drive

16240 Brooke Acres Drive, Los Gatos, CA 95032
Sold Oct 24, 2018
$3,600,000
$5,000,000 by Colony Bank
Mortgage
16240 Brooke Acres Drive in Los Gatos, CA was first built in 1969 and is 55 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 12 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 16240 Brooke Acres Drive has 3,300 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 48,809 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a both a pool and a spa on the property. For those who need parking, there is a garage. The garage is 462 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 16240 Brooke Acres Drive sold most recently in Oct 11, 2018 for a total of $3,600,000. If you work out the math, that's approximately a cost of $1,090.91 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $45,173 in taxes each year. 16240 Brooke Acres Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,920,268. If we break it down further, the land itself was valued at $2,787,724. Improvements to the property, however, were assessed at a total of $1,132,544. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 48,809
  • Total Building Area: 3,300
  • Gross Building Area: 3,300
  • Building Area: 3,300
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 3,300
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.121
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT B

Ownership

  • Current Owner : LOLLER WILLIAM C
  • Current Owner 2: LOLLER STEPHANIE B
  • Previous Owner : KARNAN FAITH L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Gatos Union Elementary School District
  • Census Tract: 506900

Zoning

  • Zoning: S

Geography

  • Assessors Map Reference: 71-B5
  • Parcel: 532-18-026
  • Lot: B
  • Municipality: LOS GATOS
  • Latitude: 37.2215
  • Longitude: -121.952

    Address

  • Full Address: 16240 Brooke Acres Dr
  • Address - House Number: 16240
  • Address - Street Name: Brooke Acres
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Los Gatos
  • Carrier Code: C016
  • 4-Digit Zip Code: 6400
  • Zip Code: 95032

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $45,173
  • Tax Rate Code Area: 03-050

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 72
  • Final Value: 4,008,349
  • High Value: 4,825,424
  • Low Value: 3,191,275

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $6,039,200
  • First Open Lien Mortgage Lender: COLONY BANK
  • First Open Lien Mortgage Recording Date: Mar 17, 2022
  • First Open Lien Mortgage Loan Amount: $5,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: WELLS FARGO BANK, NA
  • Second Open Lien Mortgage Recording Date: Dec 15, 2023
  • Second Open Lien Mortgage Loan Amount: $1,039,200
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,920,268
  • Assessed Land Value: $2,787,724
  • Assessed Improvements Value: $1,132,544

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 11, 2018
  • Current Sale Recording Date: Oct 24, 2018
  • Current Sale Transaction ID: 11523110462
  • Current Sale Price: $3,600,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24049175

    Last Sale Mortgage

  • First Mortgage Lender: FLAGSTAR BANK FSB
  • First Mortgage Transaction Date: Oct 24, 2018
  • First Mortgage Loan Amount: $2,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2048

About East Los Gatos



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 16240 Brooke Acres Drive located in?
The 16240 Brooke Acres Drive is a house located in the neighborhood of East Los Gatos in East Los Gatos, Los Gatos.
What is the average sales price for listings in 16240 Brooke Acres Drive?
The average sales price for units in 16240 Brooke Acres Drive is $0 currently.

Quantcast