Updated Dec 4, 2024
Los Gatos Single Family Property Sold For $2.9M With Rep David Mortaz of Pellego
16500 Marchmont Drive
$2,958,000
$1,604/SF
Building Size
1,844 SF
Asset Type
Single Family
Closing
Oct 24, 2023
About this deal
AI
A single-family home located at 16500 Marchmont Drive in Los Gatos, with a lot size of 0.29 acres, was sold on October 24, 2023. The property, built in 1947, spans a total of 1,844 square feet. The transaction was facilitated by broker David Mortaz from Pellego. The sale price for the property was $2,958,000, resulting in a price per square foot of $1,604.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,958,000
- Address: 16500 Marchmont Drive, Los Gatos
- Market: Los Gatos
- Lot Size: 0.29 acres
The property features two bedrooms, two bathrooms, a fireplace, and a two-car garage.
This transaction showcases David Mortaz from Pellego as the representative broker assisting in the sale of the property.
Players
Los Gatos Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $3M for 1,844 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.36%
Cash-on-Cash
-1.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93