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Intero Real Estate Services Acquires Single Family Home In Los Gatos For $2.9M

Property Image
SOLD
$2,928,000
Shannon Susick
Mary Clark

California

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Single Family1,462 SF
Sold
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Property Image
SOLD

Intero Real Estate Services Acquires Single Family Home In Los Gatos For $2.9M

16407 Shady View Lane

See Similar Deals
Single Family1,462 SF
Sold
Shannon Susick
Mary Clark
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$2002
Total Square Footage:1462 SF
Transaction Type:Sale

A single-family property located at 16407 Shady View Lane in Los Gatos was sold for $2,928,000 on October 11, 2023. The property has a size of 1,462 square feet and a price per square foot of $2,003. It features a single-story layout and was built in 1952. The house includes three bedrooms, two bathrooms, a fireplace, and a two-car garage.

Summary of transaction details

Mary Clark from Intero Real Estate Services represented the buyer in this transaction, while Shannon Susick from Coldwell Banker represented the seller. These individuals played key roles in facilitating the sale of the property at 16407 Shady View Lane in Los Gatos.

Players

Shannon Susick
Coldwell Banker
Shannon Susick
1 deal$2.9M volume(408) 316-9559
BROKER
Mary Clark
Intero Real Estate Services
Mary Clark
1 deal$2.9M volume(408) 309-8985
BROKER

Details

SOLD
IMAGE: Mary Clark & Shannon Susick DATE: 10/11/2023 ADDRESS: 16407 Shady View Lane MARKET: Los Gatos ASSET TYPE: Single Family BUYER'S REP: Mary Clark (@MaryClarkRealtor) - Intero Real Estate Services (@InteroRealEstate) SELLER'S REP: Shannon Susick (@ShannonSusick) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $2,928,000 SF: 1,462 ~ PPSF: $2,003 NOTE: A Los Gatos property in 16407 Shady View Lane sold for $2,928,000 on Oct. 11, 2023, at a rate of $2,003 per square foot. The 1,462 square foot single-story house, built in 1952, includes three bedrooms, two bathrooms, a fireplace, and a two-car garage.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,402.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,880.21
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